“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
No comments:
Post a Comment