END OF QUARTER FLOWS DOMINATE

 

“867-5309 … Jenny, Jenny you’re the girl for me!!”

Corrupt Joe has a burner phone, a/k/a the “bribery phone” … see my shocked

face … not supposed to have one, but here it is! … he’s a “D”, so he can do what

he wants, cuz “D’s” are above & beyond the law due to their self anointed higher

moral ground … rules are for “little people” … why is this guy still allowed to be

in office? … quiet early Friday into what will most likely for most be a 4 day

Holiday … Biden will celebrate the “4th of Thanksgiving” somewhere, hiding

from public view lest the “gaffe machine” goes off script.

What do we learn from trading today? … well, first up, we learn that the Coinexx

scam artists pretending to be liquidity providers in crude oil, make their brethren

in FX look like frickin’ Boy Scouts … not even a very volatile day in crude, yet the

spread gyrates from 1 - 2 cents to 3 - 5 cents, depending on whether or not

there’s a rally or break worth anything … if it’s “dull”, the spread will be 2, and if

crude decides to move on anything, it will immediately jump to 4 - 5 cents

… doing some back-of-the-envelope Jethro Bodine math, it becomes apparent

quickly that whatever happens to your fill in anything FX, it’s a fucking bargain

compared to what they’ll do to you in crude oil … sadly, that 2 cent spread is

simply a fantasy wish … Hell, even if I got ripped a new one each & every time I

traded to the tune of 3+ PIPS, it’d be cheaper than oil … and I haven’t even

talked about “gapping” and the bullshit that goes on there, cuz today we saw

plenty of that … and it goes back to what I said before about quiet markets and

the need of the scumbag LP’s to generate income from you … “here’s your fil!

… thanks”. And while I’m gettin’ sick & tired of being sick & tired of this

“Whack-A-Mole” shit, where I feel like I’m trying to hit a moving target and just

can’t get there! … so, back up the moving van again, come Monday we’re

headed back over to GBPJPY, warts / blemishes all … I will however, keep using

the special trading algorithm that I developed for oil and use it for Cable / Yen

… using the m3 at netdania for range direction and perspective in conjunction

with the m1 on the MT4 … one thing you have to keep in mind about these

crosses, is that when buying buy on a downtick, do not hit the button when

the green spike is going up … if you do, they’ll gut you like a fish for dinner

… more on Cable / Yen come Sunday’s blog update. No trades in the

PAMM today.

Then there’s Bitcoin … ho hum, just another bat shit crazy [BSC] day in the

world’s biggest FREE market … does the “freedom” show? … you bet your

booty it does! … a little help today from the useless & worthless SEC, which

denied some bitcoin ETF’s, and that led to a mini meltdown of about $1,000

before recovering nicely … if you can’t make money trading Bitcoin with a 1

penny spread and this kind of VIX, you can’t make money period! … and if

BTCUSDT is somehow too rich for your blood, trade Ethereum with the same

kind of conditions … there isn’t anything in traditional markets that can hold a

candle to the crypto pairs at IQCENT! … I need some child labor today to lift

all of the BTC trades I did today … BSC almost the entire day!

… “The Syndicate” UP APPROXIMATELY 2.2%   

It’s a shame what they do to crude oil … what potential, and yet they FUBAR it

into the ground out of pure greed … what dumb asses! … there are simply NO

CFD’s at Coinexx that can be traded … NONE! … gold, “Stock Bellies”, energy,

simply a waste of time and money as they will not let traders scalp these

markets … they simply put in place anti-scalper boundaries via bullshit variable

spread pricing, gap moves via mystery ticks … buys get the “mystery tick” UP in

the offer, and sells get the “mystery tick” DOWN in the bid, and of course

SLIPPAGE … add it all up and the CFD’’s are a rip off … too bad, they have such

promise … it is what it is, no sense B.I. Itching over something you can’t control

… just move back over and deal with the FX pig … 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

I FIND THIS MIND BOGGLING

“Mind totally blown away … oil $19 CHEAPER 10 YEARS INTO THE FUTURE!!?”

I see it, but I have a hard time comprehending it … the fact is that at yesterday’s

close, WTI Crude oil for delivery in July 2033 is $19 CHEAPER than the front

month hanging around $69 and change … 1) you think government is gonna stop

printing money? … 2) inflation is dead? … 3) oil demand from China, India, &

Africa will go substantially LOWER? … oh, and OPEC+ will be just fine with this

cut in revenue, as it implies Brent is gonna be lower as well? … “I have an easier

time believing Biden is honest than believing the fairy tale scenarios from above!”

… is this discounted future the greatest “mother of all time” delusions?

And yet, as the oil article from yesterday highlighting Pierre’s ass getting kicked

to the curb, as his flagship oil fund is down OVER 50%+ THIS YEAR, there are

other “guru’s” in the oil biz who’ve gotten monkey hammered as well … given

that these are the most well connected fund managers on the planet, with

contacts deep inside the oil biz, as well as being “trade savvy veterans”, how is

it they got slaughtered trading oil? … quite frankly, I have to chuckle at

anyone’s naivete in believing anything out of OPEC and/or Vlad & Crew in telling

the truth … you really think these Dictators, Thugs, & other assorted low lifes with

oil in the ground are gonna spill the beans on what they are really doing via their

production? … or what their plans are? … or that they report honestly, instead

of faking the numbers? … you believe anything floating out of the oil industry

regarding price, and I got CHEAP farmland for sale in the middle of the Atlantic to

sell you! … hurry, before it’s too late!

Somehow, you don’t think these guys get “hosed” by the big oil companies? … all

the funds have is money, while the oil companies actually got the oil … you want

it, come get it! … throw in the refiners as well, and it’s a mix of vested interests

chasing investor money to see who can get it first! … and position yourself to

the MAX and hope for the best? … brutal, just simply brutal.

And while I have switched over to WTI oil now, before today’s trading I wasn’t

entirely satisfied with the special trading algorithm as it relates SOLELY to crude

oil … crude acts like a cross between a phyz commodity and a crypto pair, and

while there are plenty of manipulations that occur in oil from the usual suspects

of 1) Dictators & Thugs with the phyz in the ground, 2) very large hedge funds

that love to muscle client funds ,,, Hello Pierre & Pals! … and 3) the large oil

and refinery companies doing battle via the “Crack Spread” [crude, heating oil,

gasoline], oil moves fast and is subject to large reversal moves day-in, day-out

… as such, you can find yourself behind the 8-ball when the FOMO, MOMO

players take control. 

In other words, while fine for “perspective” in Bitcoin, and OK for FX pairs like

USDJPY if you could get decent pricing without all of the bid/offer gap bullshit,

oil needs / demands something faster and more reliable cuz of the way it moves

… as I said, I wasn’t entirely satisfied with how it models crude oil … but I’m

satisfied NOW.

Use the m3 at netdania with the CFD WTI Crude Oil market … 1) use a HULL

MA 13 period … 2) use the Ehlers Fisher Transform, period 10 … on the MT4 at

Coinexx [or someplace else], use the m1 with ONLY the Fisher Transform

available in Download Links [if you don’t have it already] … use the HULL MA

period 13 SLOPE UP FOR BEING LONG, SLOPE DOWN FOR BEING SHORT OR

SIDELINES … when the Hull is positive slope on the m3, use the m1 on the MT4

to get signal for long positions via the Fisher Transform … green over red be

long … just the opposite for being short … that’s it … very reliable! … going

forward into tomorrow, this is how I’ll trade crude for the PAMM … no trades

today for the PAMM, as I worked out exactly how I want to trade this puppy

… today a little substandard in terms of session range, but the trading action

more in line with normal trading days for oil … oil is one of those markets where

there are plenty of reversals / double reversals, and deep corrective activity most

of the time, and the changes I’ve made to the special algorithm are for crude

oil only.

Over in crypto land, BTC putting in the yo-yo $400 “Flying Wedge of Death”

[FWD], going back & forth multiple times but never going through either

resistance on the upside or support on the downside … as I’ve stated here on

more than one occasion, PLAY THE PANIC IN THE DIRECTION OF THE PANIC

OFF THE M3, and when it stalls liquidate … doesn’t get any simpler than this

… even with today’s session rather subdued range, still plenty of opportunity for

profit as there’s PANIC ABOUT EVERY TEN MINUTES TRYING TO GO

SOMEWHERE! … trade it!

A shipload of long signal trades today in BTC @ IQCENT … “The Syndicate” UP

APPPROXIMATELY 0.5% … had too many trades that went nowhere with the

restricted range, but it is what it is … a few made the entire day … but that’s OK,

cuz in this market these tight range days only act as “coils” for days ahead where

it explodes, and that’s ultimately what we want to capture … all that matters, is

that “The Syndicate” marches on towards its goal! … onto tomorrow!

… OUTTA HERE … “The future’s so bright I need 2 pairs of sunglasses 😎😎,

and my own Brinks armored truck” 💓!! … Onward & Upward!! 

-vegas

CRUDE OIL ONLY APPEARS TO BE STUCK IN MUD

 

“Wait! … Wut!!?”

Looking at the daily charts for crude, it appears it’s stuck in mud, going nowhere,

doing nothing, and the world has bigger fish to fry at the moment … however, a

look down into the trading stats shows volume in WTI ranges between 1 - 1.5

million contracts per day, with the micro contract doing 25,000 - 30,000 contracts

per day [one tenth the size] … a glance at the New York session 20 Day Range

MA shows an average range per day at $2.07 this week … can this really be

categorized as “dead”? … well, as history in this market shows, if this is dead,

what’s it really like most of the time? … more VIX than most can handle.

Oil inventories at 10:30 AM EST, the weekly spin of the roulette wheel on

Wednesdays, although inventories has lost some of its appeal for moving the

market … still, when you least expect it, there it is!

And, there it was! … big draw versus expectations, and away we go … I don’t

know what it was that I had expectations today for oil, but hanging around

multi-month lows with stops below 67, I thought the market would make a run

for them … they didn’t, and the inventories report gave fodder to cover

aggressively those who were short, as well as tripping off buy signals … but

what surprised me today was the lack of “trading” … once the inventories

number came out, it was straight up with no corrective activity to speak of, but

only mild sideways action, and then more gains … Hell, if I wanted this, I’d stay

in FX! … I’m prone to think of this as “”one off” action, simply cuz probabilities

being what they are, everything happens to one degree or another.

I would recommend those following and/or trading oil, to go to netdania,com/oil

and set up an m3 chart, with HULL period 13, and the Ehlers Fisher Transform

period 10 … pick whatever colors you want obviously, but treat oil as you would

a crypto pair …, i.e., use the m1 on the MT4 with the special trading algorithm,

and use the m3 at Netdania for perspective … signup at NetDania is free, and

you’ll notice the same patterns as in Bitcoin, but only in oil … be cognizant of

the formations I wrote about yesterday for Bitcoin … TRADE IN THE DIRECTION

OF THE PANIC! … although here in oil, most of the time, you don’t see panic

conditions, but you will see what we saw today … i.e., good move either

UP / DOWN that can be traded! … directly below, the m3 in WTI Crude Oil from

today with the 2 indicators.

click on chart to enlarge

Today saw oil blow through its session 20 Day Range MA by quite a bit … as such,

it has to come back down on corrective activity to an area that puts it back to

normal in the current range … that translate into a move back down to the 69 area,

and up & until we see that, I don’t take any buy signals from the algorithm cuz the

probability of the range getting further extended is small … very small, like in low

single digits … that’s not to say it can’t happen, just that it’s not probable … and

quite frankly, I have no desire to pee into the wind and expect not to get hit

… therefore, NO trades for the PAMM today, we’ll pick up oil tomorrow … quite

frankly, I was pleasantly surprised that the Coinexx oil LP kept the spread at 1 - 2

cents during the inventories report, and thereafter … about time they did

something right, but I’ll give them credit where credit is due … and while there

was too much straight shot activity, it’s activity nonetheless … I think we’ll do

OK here in this space going forward … so far, I like what I see.

And in case people wonder why I’ve always been, and always will be, a short

term trader leaning more to the scalper mode than day trading, it’s cuz it

minimizes risk while allowing me to profit … all I need is VIX and a decent range

with tight spreads … I bring this up, cuz it seems appropriate in light of the

following article posted on ZH a little while ago, the link directly below … “exactly

who is eating whose lunch?”

https://www.zerohedge.com/markets/oil-trader-andurand-losing-more-50-worst-

year-ever

And here’s the “money shot” from the article … pic directly below.

“All of those gains in 2020 - 2022 [that’s 3 years for you Biden voters], don’t

mean Mr. Jack “Diddly” Squat when you then go tapioca to the tune of -50%+”

… unless you’re a complete idiot who does “Stupid Shit” CONSISTENTLY, this

can’t ever happen to a scalper … especially one who makes a living from

trading … Dear Pierre: “don’t confuse brains with a bull market!

… you’re welcome!”

Over in crypto @IQCENT, again we see the ONLY MARKET TRADING THAT

TRULY “TRADES”! … headed into the New York afternoon, and a pretty tame

approximate $400 range since about 6 AM EST … but inside that range some

really good UP / DOWN trading action, with the best trading conditions known

to man! … taking what I said yesterday and applying it to today’s action, and

there’s absolutely no way you lose in this market … PANIC UP/DOWN ALL THE

TIME, SO SIMPLY PLAY IT! … TRADE THE PANIC IN THE DIRECTION OF THE

PANIC … WHEN IT STALLS LIQUIDATE … RINSE, REPEAT, PICK THE $$$ UP

OFF THE FLOOR! … DO NOT … I REPEAT, DO NOT! … ATTEMPT TO PICK TOPS

& BOTTOMS IN THIS MARKET CUZ IF YOU DO THEY CARRY YOUR ACCOUNT

OUT TOES UP WITH A SHEET OVER ITS HEAD!

A shipload of BTC trades today via algorithm buy signals AND proper PANIC

CONDITIONS ON THE M3 HEADING HIGHER … “The Syndicate” UP

APPROXIMATELY 0.8% … given the somewhat lackluster range, I’ll take it for

participants, even though it should have been slightly better … hindsight is

always 20/20, and if there’s ever a market to keep one humble, it’s Bitcoin

… onto tomorrow!

… OUTTA HERE … “The future’s so bright I need 2 pairs of sunglasses 😎😎,

and my own Brinks armored truck” 💓!! … Onward & Upward!! 

-vegas