Time is running out for a guy and his crime family that in over 50+ years, hasn’t
done a “Hoover Dam” thing except feed off the federal tit like a giant parasite
… light is starting to hit this den of cockroaches, and you Libtards got a decision
to make … keep this corrupt Clown propped up and keep yourself in denial about
his treasonous crimes while the evidence mounts, or jettison his sorry ass to
either the nursing home, his Mom’s basement, or he has dinner with the Clintons
and his health takes a sudden “unexpected” turn for the worse [“relax, it’s
trout amandine, its gonna have a heavy almond aroma, OK?”]
I’d be more than thrilled if he can hang on for another 6 months, and then go
tapioca … whether he’s thrown out or carried out matters little, although a perp
walk in cuffs would make a great picture for my study wall … point is, he ain’t
doin’ any DEM Libtards with Preezy hopes any favors by hanging around … and
speaking of “hanging around”, anybody seen his word salad VP? … you wanna
talk about the U.S. heading off the cliff for the abyss “el quicko mucho”, she’s it?
… quite frankly, the comedy alone would be priceless!
Today of course, the Lounge Lizards meet at the Reichstag for another
installment of “how can we screw the average American” yet again … the sports
betting parlor of the casino has a “pause” in hiking rates this meeting, so the
suspense is pretty much non existent, which means the Lounge Lizards can
entertain more serious thoughts, like which Zinfandel wine to have with the
salmon croquettes at lunch … no greater collection of fools, liars, thieves, and
hypocrites you’ll find gathered in one place … except of course a Biden cabinet
meeting, natch.
WTF has happened to Bitcoin? … granted, there’s negative news flow as one of
Biden’s Gestapo arms, namely the worthless & useless SEC, has filed lawsuits
against Binance & Coinbase … just remember, the punishment is the process
… still, trading action is horrible, and the 20 Day Range MA is dropping faster
than Biden trying to walk up a flight of stairs … when crypto is moving, there’s
no better place to trade Bitcoin, Ethereum, or Doge than IQCENT … but when it
ain’t movin’, the marginable leverage of only 10:1 can really cut into potential
performance … well, no problem really cuz at IQCENT I simply switch to FX dollar
major pairs or “Stock Bellies” … some days the “Spoos” [SP500] has the best
trading, but most of the time it’s the DOW30 with the optimal conditions … once
the NYSE is open for cash trading, the DOW30 has an approximate 2 index point
bid/offer spread, no commissions, and the marginable leverage is 500:1 [only
trade the U.S. indices during NYSE hours, which is 9:30 AM EST - 4 PM EST, 6 ½
hours … the spreads are too high during off hours].
If you’re into “off hours” indices trading, the only one that makes any sense at
IQCENT is the FTSE100, with about a 1 index point spread … they don’t offer the
DAX40, and the others have too high of a bid / offer spread, even without
commissions to trade IMHO … quite frankly, stick with the “Stock Bellies” inside
the U.S. casino for best trade conditions when the NYSE is open for criminality.
So far, I haven’t experienced any noticeable slippage on fills like I have at Coinexx,
a/k/a “SLIPPAGE FX” after their merger with Turnkey Forex … and I don’t know of
ANYWHERE, or any other house, that offers this level or degree of leverage
… don’t get me wrong, I’m not endorsing trading DOW30, SP500, or NDX100 with
500:1 LEVERAGE … what I am pointing out, though, is the simple fact that it allows
for each trader to determine what level of risk they want to take, from conservative
to suicidal / kamikazee aggressive and everywhere in between … in addition to that,
for the DOW30, volume levels can be set in increments of 5 cents per index point,
NOT JUST $1 PER POINT SEEN AT MOST OFFSHORE HOUSES … combine this
low level of volume settings with the highest of leverage, and it allows even very
small accounts the ability to trade the DOW30 ON THEIR OWN TERMS … and of
course, the same can be said for the “Spoos” or the NDX100 if you prefer those
markets … and quite frankly, I haven’t looked at the other world indices markets
[e.g., DAX40, FTSE100, etc.] cuz there’s no need to.
I would only trade the TOP MAJOR dollar pairs at IQCENT … EURUSD, GBPUSD,
USDJPY, and maybe AUDJPY if that pair interests you … other than these 4, I find
on average the bid / offer spreads too high even without commissions, and some
of these on occasion can see higher spreads … quite frankly, EURUSD is your
best consistent bet here for FX trading.
PPI numbers before the Lounge Lizards … banks screwing specs on the report,
what else is new? … not much of a reaction except hitting off a few stops here
and there, which is what bank front running is all about … all day every day and
double on report days! … STIRS seem to have liked the lower PPI numbers, with
short rates down a tad, but not by much … the 2 YR. Treasury Note still at a
“sticky” 4.63%
Not as much trading action as I thought there’d be today, at least pre Lounge
Lizards … range today in Cable/Yen very anemic so far, coming in around 25 PIPS
for the majority of the time I’ve been sitting here … and while that’s about as bad
as it gets for a cross during a normal trading day, the real problem is the “Trading
Ratio” [TR] below 3 … when I see that, it’s time to get your fingers away from the
order box … and it ain’t any better in anything else either, as the world awaits the
Lounge Lizards at 2 PM EST. … and as we approach 2 PM EST, suddenly “Stock
Bellies” are seeing selling pressure … I’m guessing people are taking money off
the table if they have positioned gains, cuz nothing is happening with rates as I
write … OK Spicoli, it’s your move!
Well now, that escalated quickly didn’t it? … too many longs, and a “dot plot”
higher than consensus going forward and STIRS go bat shit [BSC] crazy on the
upside for yield … now for the presser … what a bunch of shit … anyway, if
you’re trying to trade the “Stock Bellies” [any of ‘em], good luck, as the spreads
have been blown out and slippage is on TRIPLE FU MAX … even at IQCENT, I
don’t wanna touch any of this shit cuz you’re gonna pay the Piper for the
experience … meanwhile, Cable/Yen not doing much at all … now way past
European trading and the London Fix, this is a waste of time for the rest of this
day … no trades for the PAMM today in Cable/Yen, not for want of trying, but for
the fact that even now after the FOMC, range stinks … TR’s have picked up well
from earlier, but the market has no place to go as we move towards the New York
close … no biggee, onto tomorrow … meanwhile over at IQCENT, SOME
EARLIER TRADES IN THE “STOCK BELLIES”, what with Bitcoin literally dead,
and “The Syndicate” UP SLIGHTLY … again, onto tomorrow.
… 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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