You can slice it, dice it, analyze the data 6 ways from Sunday, but no matter what
you do the inescapable conclusion you’re going to end up with will point to 2
trading “truths” … 1) markets need volatility [VIX], not close to close on the
daily candlestick, but in the session you’re trading … unless you’re willing to be
a “meth head”, nobody can trade the 120 hours in a week … you have to pick
your session, which implies the need for a somewhat steady & stable worldwide
market VIX you can rely on … this doesn’t exist currently in ANY MARKET, and
that includes crypto [BTC & ETH] … this fact alone is a huge advantage scumbag
banks have over specs, cuz the banks simply pass their “book” from time zone
to time zone and never miss a beat … you on the other hand can’t do this … and
if you try [and I have and failed miserably], you’ll end up playing “Whack-A-Mole”
and every market you ignore will move and everyone you watch intently dies on
the vine!
We are in the greatest central banker market manipulation era the world has ever
seen … this is “truth” #2) … ever since the EURCHF debacle on January 15, 2015,
markets have entered a new paradigm of central bank control … ALL OF ‘EM
from crude oil & FX to “Stock Bellies”, and everything in between … with only an
occasional blip of VIX to allow the release of some built up pressure, a simple
look at daily charts before 2015 and daily charts AFTER 2015, and it’s night and
day difference in all of the so called traditional financial “markets” [cough,
bullshit, cough] … they’ve morphed from volatile markets into lottery tickets.
The last few weeks notwithstanding cuz they’ve sucked, historically crypto
[BTC & ETH] and one or any of the “Stock Bellies” markets [DOW30, NDX100,
SP500 (“SPOOS”) HAVE TO A DEGREE MAINTAINED SOME LEVEL OF
HALF-WAY DECENT VIX … 6 weeks into 2024, and it’s a pretty piss poor table
of VIX values, with a day last week not seen in terms of low VIX in the “Spoos”
in over 20 years! … and in crypto, the new kid on the BTC playground, which are
the ETFs [13 of ‘em], have the potential to upend the “Whales” as market movers,
being replaced by institutional Morons … to soon to tell who wins this high
stakes poker game, but my guess is the corporate “Jimbos” in big company
treasury departments have more ammo, and will panic first over & above any
“Whale” sitting out there … and looking at the first 6 weeks of 2024, so far we
have gotten a big break from 49K down to 39K, followed by an almost straight up
move back to 48K on Friday … welcome to BTC ETFs!, how do you like the
“grass” so far?
I’ve pretty much given up on any hope that FX, gold, and oil can hold and
maintain any consistent level of VIX … what an absolute FUBAR bunch of joke
markets … everything is either a C4 explosion, or it’s dead in the water … take
away microsecond moves on Apparatchik lips moving and spewing lies, or any
of the made up from fiction economic reports, and ranges diminish rather quickly
from bad to worse to worser-er-er … you’re never gonna be able to catch any of
those moves cuz 1) the bid/offer spread blows out, 2) slippage goes orbital, and
3) if you think the scumbag bank or HFT LP is gonna cut you some slack and
hand out a decent fill, then I got farmland in North Korea to sell you! … CHEAP!
… right next to Uncle Kim’s house with a great view!
So my “command decision” is to stay put in the trading pasture of green grass
that makes up 1) BTC [Bitcoin], 2) Ethereum, and 3) the “Spoos” [SP500 CFD]
… all 3 traded on the MT4 / MT5, and while the “Spoos” are slightly higher in
cost at Coinexx [0.2 index points, versus SIMPLE FX which has the best spread],
overall Coinexx has far superior LOWER crypto costs than anybody I’ve seen on
the MT4 / MT5, and depending on BTC price anywhere from 30% - 40% cheaper
than trading costs at Phemex or Binance on an “open order book” [OOB]
platform … and yes, Coinexx can be “slippage whores”, just like anywhere you
go, so if you press the “buy” button and BTC is going up like a shooting star in
the night sky, you ain’t gonna like your fill … BUT I’ve never had a problem with
crypto withdrawal from them, and so at least for now they got that going for
themselves.
Given this somewhat new paradigm for the PAMM’S trading markets, I’ve
rearranged the weekly 20 Day Range MA & MEDIAN values and shortened the list
to our 3 markets … everything else is bullshit anyway! … Directly below the table
for the week.
A couple of things need to be considered when viewing this table … 1) the
average [A] & median [M] values are from NYSE hours, i.e 9:30 AM EST - 4 PM
EST …this cuts out the microsecond large moves that come with bullshit econ
reports from the propaganda whiz kids in “The Swamp” at mostly 08:30 AM EST,
and gives a better idea of what you can expect … while we can’t eliminate FED
meetings that skew the shit out of price, if they skew large enough then use the
median values … 2) in BTC, you need to SUBTRACT ABOUT $30 FROM THESE
VALUES CUZ OF THE SPREAD, AND FOR ETH ABOUT $1 … I could sit here all
day and list the “pros & cons” of ETH versus BTC … in the final analysis, pick
your poison and go with it … as for the “Spoos”, a median value just above 30
index points is really piss poor … remember the consecutive weeks above 100
index points? … now down around 30? … yea, pretty pathetic, but the future
holds unlimited opportunity, just remember that … onto the week at hand!
… 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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