The hilarious irony is that the ChiComs are better capitalists than the pigs on
Wall Street … they understand the long run better, and if SHTF somewhere, they
lay the blame as far away from themselves as they can and start again … with
Wall Street money no less! … the most obvious market where the ChiComs are
playing the West is gold, where the flow of gold from West to East is completely
one sided … what gold goes into China, never ever comes back out! … and when
they eventually back the YUAN with gold, and in the process bankrupt the fiat
West without firing a shot, maybe then the idiots running the Banana Republic
will wake the Hell up. [Don’t hold your breath.]
J-Hole week starts with the ChiComs threatening intervention, rates rising,
“Stock Bellies” rallying cuz “we don’t care about stinkin’ rates”, USDJPY going
back over 146, crude oil creepingly quiet, and gold getting completely
disrespected and hammered lower, with no trading bounces allowed … the
financial world a complete mess, but what else is new? … it’s the way central
banker scum want it, cuz remember, “never let a crisis go to waste”, and there’s
plenty to fret over if you let it get into your head … meanwhile, FX tiptoes gently
in a dance of nothingness, going nowhere, the only thing happening being
scumbag bank LP’s are front running orders and fading collective spec order
flow … in other words, the usual.
In this crap August environment we’re in, EURUSD about as pathetic as pathetic
can be when it comes to trading action … and yea, I’m cutting EURUSD some
slack cuz it’s the August doldrums, and historically this isn’t a decent FX trading
month to begin with, but on the other hand there’s no “usual” anymore to
markets to concern yourself with … it’s whatever central banker scum decide it
should be, and the CNTRL-P printing presses go “BRRRRRRRRR!” to make it so
… still, even when some semblance of VIX does reappear, whenever the Hell that
might be, even with a superior spread and low total cost, I’m not sure EURUSD
is the most optimal pair to trade … I’d have to say looking at different factors,
either GBPUSD or USDJPY ARE BETTER AT MAKING PROFITABLE TRADES.
And I say this cuz at IQCENT, even with EURUSD at 0.2 or 0.3 total cost, it’s a
B.I. Itch most of the time to even get this pair out of the spread … and even when
it leaves the spread, the “gap pricing” we see in all FX pairs isn’t immune to
hitting EURUSD … you’re up money, you hit liquidate, you lost … thanks, come
again! … and while you can call it slippage if you want, it’s more of the
“gap pricing” problem we see in EVERY FX MARKET TRADED … in other words,
the $64,000 question is simply this … “what good does a razor thin cost
structure do you, if you get “gap pricing” that takes it away? … would it not be
better to maybe pay a tenth or two more in terms of fractions of a PIP to get more
movement? … like JPY or GBP? … and if you’re trading at a house like Fusion
Markets where FX has ZERO spreads, and a $4.50 round turn commission,
would not EURJPY or GBPJPY be even better? … cuz the dirty little secret is,
you’re gonna get “gap pricing” whether you like it or not, and it doesn’t appear
to me to make that much difference which pair you call home.
With all of this said, the pathetic price action in EURUSD should be shunned in
favor of more volatile pairs, like GBPJPY, IF THE COST STRUCTURE IS ONLY A
FEW TENTHS OF A PIP, TO MAYBE A HALF A PIP DIFFERENCE … and even at
Coinexx, GBPJPY is only about 0.7 - 0.8 total cost on most days, so to get about
a 50+ PIP differential for a little more than half a PIP seems like a decent tradeoff
… cuz like I said, you’re gonna pay the “LP tax” with “gap pricing” no matter
which pair you trade … and that’s the dirty little disgusting secret nobody will
tell you but ME, but actually impacts your trading if you’re a scalper or short
term trader.
No trades for the PAMM today, I’ll be giving GBPJPY another look starting
tomorrow, while I fully realize none of these pairs is gonna escape the “gap
pricing LP tax” … might as well get something in return for the risk … the V3
algorithm is exceptional in modeling the YEN crosses, so we should be fine
… for “The Syndicate”, some light USDJPY trading at IQCENT, and we’re UP
SLIGHTLY … 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