All they care about is war [anywhere] and their precious pork barrel project that
enriches either rich donors or dark money PACS … nothing else matters … and
once again, elected members of the Clown College can’t do their job and kick the
can down the road 45 days, where we’ll do it again … when do Sheeple wake the
fuck up?
I wake up each day wondering when the world explodes … when does everything
financial crash and burn? … when precious metals along with crypto go orbital
“bigly & yuge”, and then everybody looks around and says, “how is this possible?”
… I’m only mildly shocked it hasn’t happened already … and it looks like “markets”
[cough, bullshit, cough] are predicting a deflationary death spiral first, where the
FED Lounge Lizards intentionally crash the economy first, followed then by
“QE Infinity”, where the CNTRL-P machine never stops going “Brrrrrrrrrr!” at
warp speed.
I’ve said before, “we’re all interest rate traders now don’tchaknow!?” … 4.7% on
the 10 YR. and climbing … “Stock Bellies” trying to ignore rates and I wish them
luck, but gold and FX tied at the frickin’ hip … gold simply getting obliterated
these last 2 weeks with rate rises and long liquidations from position holders
from March, when it looked like the banking system was going under … silver
also getting monkey hammered.
Ranges are starting to expand again in gold & silver … today sees another $20+
range for the day, and it looks like the NY session has ~ $13 range … with a 5 - 7
cent spread, that should be enough for decent scalping if … and it’s a big “IF”
… can the HFT give us fair fills on the bid/offer without slippage? … we’ll find out
tomorrow cuz “Stock Bellies” are a terrible scalping market given their spread /
slippage dynamics … and really, you can’t trust Coinexx LP’s, and that’s the
bottom line … gold & silver different as whatever HFT is making the market,
they’re obviously tied to the LBMA and gold there … maybe it’ll be great and
maybe it’ll suck, but we’re gonna find out cuz the dynamics are there for decent
scalping, and it all comes down to whether or not the HFT in charge is gonna
allow us to pick them off repeatedly throughout the day … if they get their few
pennies per OZ., why should they care, right? … isn’t that what LPs are
supposed to do? … sadly, too many markets with scumbag banks that want
more ruin the best laid plans of traders.
Over at IQCENT, there isn’t a better scalping market in existence than EURUSD
… I’ve already laid out how they make their money, and bottom line it’s a “tax”
on those who buy spikes up and/or sell spikes down … you are definitely gonna
pay for the privilege by a few tenths of a PIP … but, that doesn’t hurt or bother
me, cuz unless the algorithm is wrong on the trade, which it isn’t very often, it
actually helps make more profit than otherwise I would have had … and nobody
there seems to mind me, “the Mrs.”, & Miss Gimpy treating their EURUSD market
like an ATM … highest leverage, no commissions, and razor thin EURUSD spread,
making it THE LOWEST COST TO TRADE TRADITIONAL MARKET ANYWHERE
… only crypto rivals it, but you have to acquaint yourself with those markets and
how they trade and how the LP makes the market … and the leverage available is
much less, only 10:1. It’s about as close to a perfect market for an ex floor trader
like me that you can possibly find anywhere today! … sadly though, IQCENT still
has its gold CFD with a 30 cent spread, so that ain’t gonna work … DOW30 is
marginally OK, but you have to watch them as they sometimes gap the spread
higher for no reason … for scalping purposes only, the research I’ve done
suggests you can effectively use the VIDYA CMO ON THE M15, WITH
PARAMETERS OF 7, 2, MEDIAN PRICE for directional trend … aggressive
scalpers can ignore the m15.
No trades today in anything … quite frankly I don’t trust Coinexx in
“Stock Bellies”, and gold is finally starting to break its low range MA … with
pricing remaining at the 5 - 7 cent spread level, with only an occasional blimp
up on reports, we should have far superior scalping conditions in gold than
anything DOW30 can give us … 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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