The clown show known as the ECB was last week … this week, markets deal with
propaganda from the FED Lounge Lizards, BOJ, and BOE … quite the “three ring
circus” of Apparatchik horseshit piled high … very high … when you start with
the premise that government printing of money out of thin air via the CNTRL-P
machine DOESN’T cause inflation, automatically you’re in fantasy land and
denying reality … and therefore, whatever “solutions” you dream up are worse
than worthless, they are reckless and make the problems you’ve created worse
than before … but quite frankly they don’t care, cuz it’s only about expanding
financial bubbles for Global Elites … the rest of you can eat shit.
Have you ever seen a worse group of price action than what we are witnessing
today? … BTC is moving, but outside of crypto, trading action across the board
is terrible … oil continues its crawl higher with very little up/down trading action,
and FX is completely dead … can we finish the day with a 20 PIP range in
EURUSD? … the manipulators are simply stalling for time, hoping something
“sticks”, hoping their idiotic ideas & policies can bail them out of horrific
consequences … it won’t, and particularly the Banana Republic is really screwed,
as the Lounge Lizards seem destined to push the economy into a DEPRESSION
… “and what happens if rates rise in that depression? … whaddaya gonna do
then? … and another “hot war” starts in 3 … 2… 1!
Into the London Fix, and quite frankly I got to really think if this is the worst
trading action day ever outside of a Holiday … for sure, it’s right up there at the
top … this is truly embarrassing, but whaddaya expect when trading as anyone
has known it is basically gone to the dustbin of history … overt government
manipulation via central banks and the CNTRL-P machine is directly to blame,
and they don’t even bother to hide it anymore … it’s a fucking casino with no
way out!
We’re seeing some obvious yield curve control by the FED, as they buy
Treasuries to support FX pairs that are dangerously close to falling off a cliff, and
that’s given some support and short covering to EURUSD, and expanded the
range to about 40 PIPS, still an embarrassingly low range value … and don’t think
for a minute it ain’t to help scumbag banks who are long, having bought the fall
lower in EURUSD, and “need some lovin’ from the Lounge Lizards” to get out
… well no problem!, just make the call to Spicoli and the bond buying commences
to help you out! … how long this lasts is anybody’s guess, with the latter part of
the week where the supposed action will be starting Wednesday at 2 PM EST
… we’ll see, but for now this is an embarrassment to the concept of trading.
As far as banks are concerned, the world is one giant slot machine, and they
own it! … let the money grind begin and never end! … as far as I’m concerned,
the only way to make consistent money is to scalp, and your market choices are
EURUSD & CRYPTO [BTC, ETH, DOGE, & XRP] @ IQCENT, and either spot gold
[XAUUSD] or spot silver [XAGUSD] at a house that has very low or no
commissions and a bid/offer spread that matches the approximate 5 - 7 cent per
OZ spread at Coinexx [e.g., Fusion Markets] … even with those low parameters,
banks will have a hard time preventing scalpers from making money … anything
else, and good luck, cuz the probabilities are against you … sure, if VIX picks up
generally, other markets can do the job, but what if VIX doesn’t improve?
… then what? … how do you stay a professional trader that makes his/her living
from trading? … you can’t wait 3 months or 6 months for markets to get their
shit together, and so you absolutely need these 2 things … 1) lowest cost to
trade around, and 2) a minimum of VIX … not ideal by any measure, but
acceptable to a scalper.
Coinexx ain’t IQENT, and they can’t compete when it comes to trading EURUSD
… at twice the cost + commissions + slippage, even on slow days it will cost you
… it is what it is … and after a series of days watching it closely, I think gold with
all its warts & blemishes is a better trading choice for the PAMM, if the new
spread from the HFT can be maintained around that 5 - 7 cent per OZ. level … if it
can, gold will be “golden” … an alternative would be silver, but quite frankly it
needs better “trend VIX” that comes with a higher range … but, it’s a solid choice
as well with a spread of ½ penny per OZ.
No trades for the PAMM today, and I think it’s a good day to transition to gold
before Wednesday’s FED Lounge Lizard meeting … unless the FED is Hellbent
on creating a DEPRESSION, something that’s a distinct possibility, rates have
peaked or are close to it, and if not there will be a DEPRESSION ON ITS WAY!
… that should support gold going forward, and with a spread under 10 cents,
we’re getting close to “as good as it gets” in trading gold … add improved
movement and expansion of ranges, and it will rival EURUSD for trading and/or
scalping … onto gold … for “The Syndicate” over at IQCENT, light volume
trading in EURUSD and we’re UP APPROXIMATELY 0.3% … when you have the
very best trading conditions available, with no commissions and NO slippage, it
makes for profitable trading … some decent moves today in crypto as well, but
I spent the day in EURUSD … 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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