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Thursday, January 20, 2022

THE BUMBLING ADVENTURES OF “TALIBAN JOE”

 

“Liar “par excellence” bullshits his way forward yet again!”

“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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