How often have I said on the blog, that if crude oil could ever get a STEADY &
CONSISTENT 1 - 2 PENNY BID / OFFER SPREAD, I’d drop everything else and
trade it? … well, knock on wood just in case & throw some salt over your
shoulder, cuz I think Coinexx has finally found a single HFT LP, or maybe a small
group of ;em, and for over several weeks stretching into months with decent
price movement, has kept the WTI bid//offer spread fairly consistent at 1 - 2
cents per bbl. ,,, sure, there’s the occasional news report or oil inventories that
sees spreads go out for a couple of minutes, but that happens everywhere in
everything, so that shouldn’t be a surprise.
Blow off to the upside last night starting with Mrs. Watanabe & Gal Pals, and that
has led to a massive reversal down [so far] of about $2.50 … and while demand is
rather inelastic, although slowly growing especially in Africa, OPEC+ learned its
lesson about excess inventories with the COVID hoax, and so the
“Thugs & Dictators” that make up OPEC+, including Vlad & crew, keep a sharp
eye on supply and are making sure the world knows supplies are very thin
… they ain’t gonna get caught again!
But, like all good things in “theory”, there’s the practical side of things, and on
the practical side of things you have the fucking thieves at Coinexx who control
the execution of the theory … and quite frankly, THEY SUCK … “I KNOCKED ON
WOOD! … it didn’t work! … it’s all an illusion, an elaborate show for the unwary
… Fuck that! … that 1 - 2 penny spread that’s quoted, is nothing more than a
bullshit “variable bid/offer spread game” … with delays in latency which is
inexcusable unless you’re looking to screw somebody, the actual spread is
somewhere between 3 & 5 cents, sometimes more if the market is moving and
you want in or out … well, that was quick and there’s nothing to do but move
over to DOW30 where the spread is 2 index points, and has been there for quite
a while … welcome to trading when you’re dealing with crooks & thieves, and
trying your best to figure out where you get screwed the least.
And speaking of crooks & thieves, none better than the manipulators over in
“Stock Bellies”, so the “Thugs & Dictators” crown works there as well in
describing the FED Lounge Lizards and the “Plunge Protection Team” [PPT]
… nobody but nobody beats the Banana Republic when it comes to corruption,
money laundering, and of course manipulation of financial markets.
The “big IF” in moving PAMM trading over to DOW30, while we wait for gold to
someday get its shit together, is the amount of slippage on fills from most likely
“bogus / phantom” bid / offer quotes from Coinexx … we’ll find out, but it can’t
be worse than what they stuck us with on the crude oil trade … simply thieves
who should be in jail, but we already know how that story goes and plays out.
One trade in crude oil today … PAMM UP FRACTIONALLY … what an absolute
butchering of entry & liquidation, proving beyond all doubt what a scam 1 - 2
cent spread pricing is at Coinexx … over at IQCENT, “the Syndicate” grinding
out shiploads of EURUSD trades, and we’re UP APPROXIMATELY 0.4% on light
volume … 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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