“An unmitigated disaster … if the “Titanic” were a press conference, this would be
it! … 81 million votes, huh?” … Imagine how bad it would have been if not for
“favored & approved” activist hacks asking questions? … and he still fucks it up!
… this country is in extremely sad shape with this demented Fool running around
… I can only imagine the giggles & laughs coming out of Vlad & crew, or Xi, as
they shake their heads and wonder to anybody listening how the fuck did this
Moron ever get elected? … well, that’s easy enough to answer, it’s called
"BALLOT & ELECTION FRAUD” … but no matter, the “Banana Republic”
formerly known as the U.S.A., marches on towards blissful Authoritarian Utopia
… when they finally come for your money & wealth, you’ll finally wake the hell up,
but it will be too late … your silence, inaction, & apathy has gotten your country
to this point, and when they come for you, there won’t be anybody around to
even hear your pleas for help … and it’s gonna get worse … far worse!
Turning to “markets” today [cough, bullshit, cough], one thing is absolutely
crystal clear in my mind … and that is, crude oil trading at Turnkey isn’t gonna
work like I had hoped … very sad, but true … fact is, they’re fucking dopes who
use a “bait & switch” HFT LP to make a market, not as a “liquidity provider” but as
a “market maker” trading their own book, and when the entire rest of the world
[yes, NO KYC brokers as well, e.g. “Simple FX”] can make a 3 CENT BID / OFFER
SPREAD OR LOWER the entire day, including during the oil inventories report,
and offer trading with no commissions, and yet Turnkey sits there and is between
5 - 10 cents [currently at 6 cents] and then with a straight face tells you they’re
the “best”, you know horseshit when you see & smell it … fact is, Turnkey
cannot be trusted in crude oil [WTI and/or Brent] to make an honest and fair
market … P.E.R.I.O.D!
Well, if I can’t trade it cuz they refuse to make an honest market, there’s no sense
in talking or writing about it … so crude is out … that leaves me with few good
options on the trading front for the PAMM … first, let’s look at what’s not gonna
work … DOW30 & NDX100 cuz the slippage is so bad, and the DAX40 cuz they
play the same fucking games with the spread that are played in crude … crude oil
as I mentioned above, and Natty Gas is a joke … the “Spoos” are borderline, with
some days having a decent UP / DOWN trade, but most days simply a straight
shot followed by the “Loser Formation” and it frustrates the hell out of you [umm,
like today for instance] … gold & silver are lost causes and horrible trading
vehicles cuz of 1) horrendous slippage at times, 2) widening spreads at times,
and most importantly, 3) extremely INCONSISTENT VIX during the day over time
… looking at FX, the entirety of the space a waste of time most days, outside of a
couple of pairs … non dollar crosses are a joke, with inconsistent VIX worse than
what I see in gold, and so they aren’t very good either, AND they have
significantly higher spreads than FX major pairs.
OK, what does that leave me with? … EURUSD, USDJPY, & GBPUSD ... AND
THAT’S IT!! … EUR & YEN can be unbelievably frustrating when they sit, and
Cable has its moments as well, but Cable has higher ranges and better overall
VIX most days, so it “wins” by default … that means GBPUSD [CABLE] & SP500
[“Spoos”] for the PAMM going forward and that’s about it cuz there isn’t anything
left but crypto at Turnkey, and how many more examples do you need from their
LP’s in crypto to realize they’re the biggest rip off artists going? … add to that
what we’ve seen in the crypto space since the turn of the year with “forced
liquidations” at the major crypto houses, and the 2 “big dogs” aren’t looking
very good as trading vehicles worth consideration.
Quite frankly, I don’t know how trading the “Spoos” going forward is gonna work
out … maybe a little, maybe a lot, it depends on the market and how much
manipulation the “Plunge Protection Team” [PPT] is gonna give from the FED’s
CNTRL-P machine … so it’s a real wildcard … Cable on the other hand is much
more consistent in its trading than the “Spoos”, meaning whatever VIX there is,
it’s more stable than the “Spoos” … sure, I’d rather be trading other markets, but
when those “other markets” are rip offs, and we’re left with what we got, I don’t
have much choice now, do I? … that doesn’t mean Cable will somehow
“short change” us … on the contrary, running the crypto algo in Cable with
special metrics for lower VIX, and the algorithm is exceptional … in fact, I’ll be
using the same metrics & parameters I had set in crude oil for GBPUSD.
In a perfect world, all of the MT4 markets should be good trading vehicles … sadly
they ain’t … worse than that, most are rip offs … so, I just gotta live with the game
that we can play and ignore the rest … I’m a professional trader, so I don’t give a
“Hoover Dam” what it is I trade … it isn’t the “market”, it’s the “market’s”
conditions that matter … list soiled underwear CFD’s, and if conditions are right
and it moves, I would be there! … I look at ALL MARKETS as ATM’s!
And if the ATM is broken, for whatever reason, time to look for the next one … yes,
Turnkey does a marvelous job of making my life difficult beyond belief, cuz every
single day you have to verify they’re doing what they say they’re doing, or what
their LP’s say they’re doing … and as we all know, the LP’s are lying, thieving
scum … they do what won’t get them indicted, you can count on that! … this isn’t
singular to just Turnkey, but some houses are way better than others … quite
frankly, I don’t think the owners of Turnkey give a shit about anything except
picking up checks from the LP’s … I’m not saying the management of Turnkey is
dishonest in any way … I just think they are apathetic middlemen, and they don’t
ever seem to get better LP’s when the occasion warrants it … I’ve said before, that
their offerings in FX are about as good as it gets overall … that doesn’t mean their
CFD’s are the same … I’m not worried about getting major league “Hosed” trading
Cable, now that BREXIT and the government are lifting ALL THE PANDEMIC
BULLSHIT RELATED TO COVID [about frickin’ time somebody with some sense
did it!] … sure, there will be fills I’m not happy about that lie ahead … that doesn’t
mean it’s a rip off, nor does it mean much in terms of dollars and cents relative to
the trade size … in other words, shit happens! … I don’t have any trepidation
about Cable, after all I’ve traded it for decades at one time or another … I think
other markets might be better, but I can’t trade those, thank you very much
Turnkey! … I’m not in the habit of giving away FREE MONEY to scumbag LP’s!
… so, I live with it and move on to Cable with tomorrow’s trade, and if by
chance later in the day the “Spoos” are “trading”, there might be some algo
trades there as well … we’ll see.
No trades today for the Turnkey PAMM … they can’t seem to get their shit together
in the oil CFD’s, or any CFD’s for that matter … what a shame, it’s their loss, not
ours … over in alt-coin crypto land, multiple trades today in ADAUSD, which has
really broken out of its 20 Day Range MA to the upside, and we’re UP
APPROXIMATELY 0.2% … should have done better but didn’t … kinda
disappointed in that, but it is what it is.
Now that I’ll be back packing back to Cable, the PAMM trading will get up and going
in a major way … don’t have to really worry about the spread [knock on wood] cuz
it’s pretty consistent, and the scalp trade opportunities are still there … what has
dropped off the RADAR is COVID PANIC, although BoJo isn’t off the hook yet in
keeping his PM post as head of the Tory government … that might add some
VIX … onto tomorrow.
… outta here … “The future’s so bright I need sunglasses”!! 😎😎
… Onward & Upward!!
-vegas
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