That moment when the rest of the world calls the bluff on U.S. hegemony draws
closer … everybody and their pet monkey knows the world laughs at the hapless
Biden … the U.S. government so corrupt nobody believes them, trusts them, or
wants them around … and when the financial reset comes, it will happen quicker
than you can possibly realize … gold, silver, Bitcoin all explode higher … don’t
get caught buying into the propaganda bullshit being fed daily to the Sheeple!
Every day this week, trading action worse than the preceding one … VIX getting
monkey hammered, everywhere but Bitcoin natch, cuz if you care about making
money trading your efforts will find you in Bitcoin … and I know this will come as
a complete shock to “crypto haters”, but money made in Bitcoin trading is green
and can be spent just like fiat! … didn’t know that did you? … glad to help, you’re
welcome!
Meanwhile over in market manipulation land, nobody really knows what the Hell is
going on as everything on the board dies … ranges so low they’re laughable
… and it’s either driving traders to crypto or sending them to the sidelines … “how
many times do you have to get hit upside the head with a “slippage and bullshit
bid/offer” brick by some thieving LP before you realize you’re getting screwed?"
… and amazingly, it appears people are sitting up and taking notice, from FX to
“Stock Bellies”.
And at the heart of all of this pile of dinosaur shit lies the thieving, scumbag LP’s
in traditional trading … no honest bid / offer screens or order flow information,
only the “official”, most of the time “phantom” quote from fantasyland … and
even that ain’t good enough cuz they fix the slippage meter and add MOAR! … it
doesn’t matter that the U.S. DOJ has called JPM a “criminal enterprise” in court
filings, cuz they’re TBTF and TBTJ, and most importantly they hand out “skim” to
POLS, Apparatchiks, & regulators the world over, from their prop trading
accounts masquerading as customer accounts in offshore tax havens … this is
what the front running is all about … making sure the bank acts as just filling
the orders … all of the “scumbaggery & fuckery” happens in the offshore prop
accounts that get the largesse from the front running … they’re protected by
offshore privacy & anonymity law, and it’s from here the crypto gets sent out
to the “right people”.
Well that escalated quickly didn’t it? … more of the “lightning … crickets”
trading paradigm, this time from S&P PMI … another scam, bogus 5th rate piece
of shit pile of information fed to the public by one of the deepest, deep state
finance, mainstream “let’s keep the Sheeple drugged with hopium!” outfits on
the planet … right, everything is going swimmingly isn’t it? … there’s a nice 20
PIP haircut in EURUSD, faster than a misfiring Biden brain cell … about 40% of
the days range in less than a millisecond, but that’s just the start as long
liquidations pile in from specs … and like day comes from night, once the spec
order flow ends it’s “elevator up” … they now get to sell it back to you at a higher
price … and so it goes … and quite frankly, this is what tiny ranges bring you
… they BRING RISK! … NO REWARD, JUST RISK! … “Happy hunting for wabbits
in this environment Elmer Fudd!”
I have noticed today that BTC at IQCENT is “right on top” of BTC prices at Coinexx
[bid price, not the offer price], & Phemex … I think it’s cuz they’ve added some LP’s
in BTC to the pile of arbitrageurs they had previously, thus making for a tighter
market in terms of price … LP’s in crypto aren’t like the scumbag banks in FX &
CFD’s, you find at places like Coinexx, or Turnkey before them … they don’t make
bogus markets, they simply arbitrage between crypto platforms and exchanges,
taking advantage of small price discrepancies that arise from customer orders
… there are NO SCUMBAG BANKS IN CRYPTO, ONLY SPECS & “WHALES” … in
other words, if trading conditions are “right”, and they can’t be any better than at
IQCENT, scalping or day trading BTC is a dream scenario cuz you’re going up
against the world’s leading FOMO & panic traders of all time … Mrs. Watanabe &
Gal Pals, the “Chuckleheads” who buy & sell every breakout, and of course every
cab driver in the Philippines and South Korea trading at 100X leverage looking for
a winning lottery ticket … then come the Chumps from places like RobinHood
when it’s New York’s time in the sun, as crypto traders on the Pacific Rim head for
the casino for MOAR! “Investment opportunities!”
There are some characteristics you need to understand to thrive in BTC trading
… 1) you absolutely need the lowest cost structure you can find, and fortunately
IQCENT provides that … 1 penny spread, with no commissions on BTCUSDT, in a
market that on a very slow day will have a $500 range … most days over $1,000+
… if you like throwing money away, trade some place else … easy & fast sign up
at my affiliate link in the upper right hand column … it costs you nothing but helps
me a little … 2) “before the Whales take it higher they take it lower first … OR
… before the Whales take it lower they take it higher first” … hunting for spec
stops is how Whales get premium pricing for larger orders … they fade ‘em!
… 3) BTC loves to double bottom, especially “failed” double bottoms that go
through by a little and then scream higher [also see #2] … and 4) you need a
scalpers mentality even if you consider yourself a day trader … meaning, when
long you have to liquidate on spikes higher when they stall in price, and when
short you have to liquidate on spikes lower when they stall in price …. wait for
the turn, and you’re gonna get gutted like a fish for dinner … now repeat the
process!
This entire week an exercise in embarrassing price movement for FX
… EURUSD might as well have stayed closed from Sunday to Sunday … would
anybody have noticed and/or cared? … and quite frankly not any better in
anything else either … it’s gonna be another week of dropping 20 Day Range
MA’s across the spectrum … crude oil a disaster, “Stock Bellies” not doing
anything, and gold a nightmare … I used to say on the blog that I’d drop every
other market and trade crude oil if I could get futures pricing in a CFD
… unfortunately that’s a dream that ain’t happening anytime soon … however, it
simply doesn’t matter any longer cuz of Bitcoin [BTCUSDT] trading at IQCENT
… quite frankly, there’s no need for trading anything else given the conditions we
got here at IQCENT … maybe if you’re a mini whale and need to trade 50 - 100 BTC
at a whack, you might need Binance or Phemex, but given how crypto LP’s are
“arbs”, you’re more than likely gonna get fills roughly the same … we have THE
HIGHEST VIX PAIR, COUPLED WITH THE LOWEST COST TO TRADE OF
ANYTHING, WITH THE HIGHEST RANGES … if you can’t make money in Bitcoin,
you can’t make money! … period! … anything / everything a trader [scalper or
day trader] could possibly want is there … this total bullshit I get to follow in FX,
is so totally different from the way BTC trades.
Like I said, who would have noticed if the entire market structure had been closed
this week? … certainly not anybody that had the distinct misfortune of watching
FX Monday - Friday … BTC IS ALWAYS MOVING, EVEN ON WEEKENDS! … and
while we enjoy no cost trading, the rest of the world gets to struggle through $35+
spreads, commissions, and SLIPPAGE … so far for “The Syndicate” I’ve had NO
SLIPPAGE on any of my fills … it’s “click” and I’m filled … END. OF. STORY.
… “oh, it just rallied $20 in 3 seconds from my buy fill? … Bingo!, Bango!, Boom!,
you can have it back and I’m filled instantly on the liquidation … so, what’s my
“job” for “The Syndicate”, as I not only am a participant but also trade? … EASY
PEEZEE: “I walk, bend over and pick up “Grant’s & Benji’s” laying on the ground”
… quite frankly, makes floor trading look hard, and that was as easy as it could
get … but the trading floor didn;t have anything remotely close to Bitcoin that we
have now … not even close … Bitcoin is the PUREST FORM OF SPEC TRADING
the world has ever seen, and at its most basic level of functionality it’s nothing
more than Psychology 101 [OK, maybe “Abnormal” Psych 500 for graduate
students] … classic FOMO and panic rolled into one.
Noon in New York, meaning the London Fix has come and gone, and it also
means Europe is closed, so don’t expect anything of substance happening in FX
going into the close … it’s OPEX for “Stonks” today, big whoop … one of the
worst weeks I can remember for non Holiday FX, particularly EURUSD & Cable,
which did absolutely NADA the entire week … one look at the daily candlestick
chart will make you shake your head in disbelief, but there it is in all its glory
… what a bucket of shit.
I completely understand now, after this week’s action, why the Mrs. & Miss Gimpy
find the alternative trading algorithm more favorable … it requires LESS THINKING,
and the visuals are slightly more intuitive … I’m not gonna redo the algorithm
manual, simply publish the alternative form and let people decide for themselves
which they like best … it’ll be ready for release when I do the Sunday blog.
What the Hell am I supposed to do with a mostly 25 - 30 PIP range over multiple
hours in EURUSD? … no follow through on anything … trips up to the high, trips
down to the low … the yo-yo “Flying Wedge of Death” [FWD] in all its glory
… can’t rally, can’t break, mystery bids & offers and no doubt slippage from Hell
waiting for you … get down 3 lousy PIPS in this stuff, and it’ll make you wonder if
it can ever recover … so much risk, so little reward … we’ll be there come next
week, but yes it’s frustrating having to deal with crap like this.
No trades for the PAMM today … funeral rites for FX coming soon … they can
join “Stock Bellies” … “The Syndicate” UP APPROXIMATELY 0.6% today on
multiple buy signals … a mostly choppy, do nothing kind of day for Bitcoin,
which only had [so far] a range of about $540 … given the way it trades, though,
that’s far superior to anything else on the board … blog update on Sunday.
… OUTTA HERE … “The future’s so bright I need 2 pairs of sunglasses 😎😎,
and my own Brinks armored truck” 💓!! … Onward & Upward!!
-vegas
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