CHECKING THE MANIPULATION SCHEDULE

 

“Let’s see … which market is on schedule for being manipulated today!!?”

It’s nothing but a vast ocean of manipulation, led by the FED Lounge Lizards, and

the object of the “game” for anybody involved in it is to gather up as much “free

money” as you can get, and then move on to the next free lunch … and nowhere is

this more prevalent than in FX, specifically EURUSD & USDJPY, and more notably

crypto, specifically Bitcoin … markets DO NOT MOVE consistently any longer

… literally EVERYTHING is “speed of light … crickets”, and where the

consistently good money is made is in the “arb” [arbitrageur] business … oh,

and did I mention it’s “risk free” … if I were younger [I asked the dog if it was

possible to get “wiser”, but he just walked away … what does he know?], and

hungry as most young Pups usually are [20’s - early 30’s, but I’m generalizing

here], I’d move heaven & earth to put together a company that’s, for simplicity

sake, a “liquidity provider” [LP] for crypto, and once that got established, for FX.

If I’ve said it once I’ve said it a million times here on the blog, that when you trade

for real, before you go wading in and start throwing money around, you got to

know your trading house really well, specifically how they fill orders, whether or

not they play the utterly reprehensible “VARIABLE bid/off spread game”, and

what kind of slippage they are gonna hand out … and you find this out with

small orders first until you’re satisfied that all is the way it’s supposed to be … if

you don’t, they’ll steal your money right out from underneath your nose!

Crypto is by far the most profitable, simply because there are so many

worldwide platforms and exchanges, and trade Bitcoin using the coin itself,

using USDT [Tether], and you got spot as well as perpetual futures … take all

of this and throw it into a pot where commissions [a/k/a “gas fees”] are utterly

ridiculous, and the great majority of orders you see on “open order book” [OOP]

are bids / offers in varying sizes, that if executed give the arb an instant risk

free profit, simply cuz they can buy/sell instantly somewhere else at a better

price … do this thousands of times a day and do the math Skippy!

All of which brings me to IQCENT … lately, and I mean over the last couple of

weeks, they’ve been experiencing some awful platform issues, namely keeping

the “Hoover Dam” thing running … they say they fix it, and then a few hours later

it crashes again … so far today no problems, so let’s hope this bullshit is finally

ending and they got the “retarded kittens on meth” in IT out the fucking door and

got some new blood that knows what the Hell is going on … we can only hope

… and while I understand “shit happens” with extremely complex software and

networks, running a brokerage house involves more than sitting your ass on a

beach drinking margaritas and counting the money … you have to know running

the place to have systems in place to make sure shit like this doesn’t happen

… and when you don’t, you look like an idiot … and don’t worry, I’ve already let

them know!

If it was just me and my personal account, and they were only marginally better

than other houses, I’d already be out the door, “sayonara Dopes” hope you get it

figured out before the new decade arrives … but quite frankly, that’s not the case

at all … when the platform system is running properly, they’ve got the ABSOLUTE

BEST TRADING MARKETS IN USDCNH, EURUSD, USDJPY, AND PAIRS IN

CRYPTO, SPECIFICALLY BITCOIN [BTCUSDT], ETHUSDT [ETHEREUM],

DOGEUSDT [DOGE COIN], & XRPUSDT [RIPPLE] … you can scour the internet

all you want, but you won’t find another house that offers BTCUSDT trading with

a 1 penny bid/offer spread and NO COMMISSIONS … or find a place that offers

the FX pairs with a lower total cost to trade … it ain’t available! 

Given what I said above, let’s dive a little deeper into the IQCENT side of things

from the CFD side of the equation … I’m gonna limit my remarks to Bitcoin, but

what I’m writing about holds with all the other pairs mentioned above as well,

even though their particular specifics may be slightly different … on the whole,

though, it’s relevant.

The Crypto & FX pairs have as the main liquidity provider [LP], Thompson

Reuters, which they get from Trading View [TV] … I’m not exactly thrilled with

this pick, simply cuz first and foremost they are a frickin’ news agency … they

farm out to others to fill the orders, and most likely take a low fee doing it … if

you trade crypto @ IQCENT, you got to know this, and you need a trusted third

party BTCUSDT OOP to back up simultaneously the Bitcoin market … Phemex,

Binance, even Coinexx can do this, as well as others … and what you’ll discover

after watching it closely is that the “basis” of the buy/sell quote from IQCENT

trades up/down depending on the level of bullishness & bearishness as the day

goes on … e.g., looking at PHEMEX BTCUSDT on their OOP, the price quote

@ IQCENT is usually anywhere from [$0 - $20] OVER the PHEMEX bid/offer

… remember, the Saps trading at PHEMEX have to pay gas fees of about 0.1%

for a round turn trade … that’s about $26 … so when you see the IQCENT

bid/offer at about $12 - $13 over, it usually represents a neutral, fair price … but

when BTCUSDT goes galloping up/down, it will go to the extremes of that

$0 - $20 band and might go under / over it if things get wild.

And another thing you need to know, is that sometimes you’ll enter a market order

and it will get REJECTED by the LP … has happened to me plenty … and what that

means is that these “market makers” see the rally coming and change their offers

higher before it hits the screen, and they simply reject your order … they don’t

requote it, they just reject it … YES, IT’S BULLSHIT! … but where else you gonna

get the conditions IQCENT GIVES US IN BTCUSDT? … while I’m scalping $10

moves, 99% of the planet has to see BTCUSDT go at least $26 in order to

breakeven … 2 things to take away from all of this … 1) don’t be overpaying at

the top end of the basis … 2) liquidate on spikes in your profit direction … if you

wait for the turn, they will “gut you like a fish for dinner” on your exit fill.

So now everybody knows the reason or reasons why I get so pissed off when

they can’t operate a trading platform for days on end, and we get all kinds of

disruptions … cuz when Bitcoin moves, I can trade before others cuz they have a

greater threshold to go over than I do … Hell, with a 1 penny spread, and it bumps

higher by $10 - $20 in like 2 or 3 seconds, I can liquidate while the rest of the

world is praying the rally can go another $10 so they can get their head above

water on their trade … and don’t look now, but you don’t think the whales and

others don’t know this? … where do you think their offers are? … and to some

degree, it’s the same scenario in the FX pairs, where if you have a trusted ZERO

SPREAD provider, you’ll notice quite frequently things get out of line in terms

of PIPS, and you can take advantage of that discrepancy .., cuz it “mean reverts”

to ZERO among the providers, and it quite often means, e.g. in EURUSD of

getting an extra half PIP cuz you’re selling the spike up, or buying/selling just

before it moves in your profit direction … BOTTOM LINE? … know your provider

AND KNOW YOUR MARKET! 

So how do you “play” the basis in a pair like Bitcoin [BTCUSDT]? … well, it’s

pretty simple … e.g., I got the free platform from PHEMEX up and running, the

link directly below.

https://phemex.com/trade/BTCUSDT

As I said before, BTCUSDT @ IQCENT will trade MOST OF THE TIME between

$0 - $20 over PHEMEX BTCUSDT, and if you watch the trade, you’ll notice this

“basis” constantly changing as people get bullish / bearish in bidding it up or

offering it down … even without the algorithm to guide you, if in a dropping

market you wait for the basis to go near $0, AND THEN WAIT FOR THE PHEMEX

QUOTE TO TURN AROUND, and then buy at IQCENT, there’s a very good & high

probability BTC will pop up some, AND THE BASIS WILL WIDEN AS WELL, and

within seconds you can find your trade up $10 - $20+, sometimes more … ditto

on the upside for those looking to sell BTC, only reverse the basis out to about

$20 or higher, wait for the rally to end at PHEMEX, and with the basis pretty fat

near $20, sell BTC at IQCENT and cover seconds later $10+ LOWER … fact is,

nobody out there can do this but us!, cuz they don’t have 1 penny spreads WITH

NO COMMISSIONS! … so yea, bottom line is I’ll put up with some bullshit now &

then to get this most favorable trading status … Thompson Reuters can get their

little fee, and we end up with the best trading conditions imaginable anywhere

… I mean, WTF, what’s not to like about this? … and you can do this all day &

night 24/7/365 cuz BTC never sleeps … the only negative, is that there’s only

10:1 leverage, but that’s pretty standard industry wide now anyway, and so it’s

just something we gotta deal with as best we can.

And given the pathetic nature of FX currently, where EURUSD is lucky to see a

40 PIP range for the entire fucking day, thanks to central bank manipulation, and

USDJPY is one gigantic roller coaster ride from Hell, with every econ stat [real or

fake, what’s the difference to the market?] and nutjob POL & Apparatchik

threatening intervention and yield curve control [YCC], USDJPY is the epitome

of “speed of light … crickets” trading, and if you get caught in one of those nasty

ass lightning strikes, good luck making any of it back anytime soon … why put up

with this bullshit, when crypto can give you the action without the Assclowns

interfering in the trading process? … and if Bitcoin is too rich for the blood,

there’s ETH, DOGE, & XRP to choose from, and in their own right ain’t nothin’ to

sneeze at and think they can’t move … “Bro, they can frickin’ move and give you

all you want & then some!”  

Turning to today’s casino action … 8+ hours of trading and looking at crude oil,

and it barely moves $1 in some of the sickest trading action south of the north

pole … just horrendous … quite frankly, I’m not interested in taking any kind of

position in something and have to sit in it for multiple minutes or hours just to

see it go 10 - 20 cents if you’re lucky … fuck that … EXIT QUESTION: “Are the

FED Lounge Lizards fucking with the oil market [again]? … asking for a friend

Spicoli”. … meanwhile in USDJPY, you’d be better off sitting in the casino in the

Keno parlor and throwing money at the wall [or the cocktail waitress that keeps

calling you “hon”], then attempting to trade a market that is as bad as oil.

On a brighter note, gold has had a 5 - 7 cent spread the entire day! … no new

LP’s at Coinexx, I asked already … and that means the LP’s are feeling the heat

“bigly & yuge” to get people to trade gold to stir up trading revenue, or Coinexx

is simply lying through their teeth, a distinct possibility … if I had to bet, I’d say

they’re lying and that they have gotten a new HFT LP who is undercutting the

LBMA spot gold bullion dealers and taking away their business … but, who

cares? … come Monday, if this spread can hold, I’ll be over in gold, and say

adios & sayonara to oil … no trades today for the PAMM, as oil can’t do

Mr. Jack “Diddly” Squat in terms of movement … “Trading Ratio” [TR] simply

sucks in crude today … most of the day AT OR LESS THAN 2.0.

For “The Syndicate” some BTCUSDT trading today … very light volumes simply

cuz I didn’t know coming into today whether or not IQCENT’S platform would

work … for the last week it’s been shit, with crashes and “updates” that didn’t

update, and it was quite frankly a fucking nightmare … but, and knock on wood,

today so far has gone smoothly … maybe they finally fed the Gerbils running the

hamster wheel, or fired the Morons dumber than a bag of retarded kittens on

meth that were in IT … dunno, just glad it seems to finally be fixed … that being

said, we’re UP APPROXIMATELY 0.2% on multiple shiploads of BTCUSDT trades

… until Sunday’s blog update.

… OUTTA HERE … “The future’s so bright I need 2 pairs of sunglasses 😎😎,

and my own Brinks armored truck” 💓!! … Onward & Upward!!

-vegas

WHAT THE HELL IS THIS?

 

“Our “go to” market soothsayer explains all!!”

Did somebody blow a whistle and stop everything in its tracks? … sure seems

like it, with ranges & trading conditions about as pathetic as pathetic can be

… good grief, what a pile of bullshit.

Almost NOON in New York, and oil doesn’t even have a daily range of $1 … forget

the session, I’m talkin’ day here! … gold at $7? … even USDJPY only has an 83

PIP range … not exactly setting the world on fire are they?

Finally, oil looks set to finish lower today, barring some late day bullshit, but the

trading action is about as bad as it can possibly get … just a slow moving glacier

of tiny ups & downs barely able to get outside the spread for hours on end

… there’s nothing here that’s tradeable in the slightest … but it’s “mission

accomplished” in finishing lower, and maybe now we can get some trading

action going forward … for gold and FX in general, what can you say? … simply

pathetic … no trades in anything today … oil not behaving and for

“The Syndicate”, more platform problems over at IQCENT, where I told the guy

who runs the place, “please get your shit together, OK? … oh, and how many

Coinexx & Turnkey bums have you hired recently?? … he didn’t get the

somewhat “tongue-in-cheek” joke” … onto tomorrow.

… OUTTA HERE … “The future’s so bright I need 2 pairs of sunglasses 😎😎,

and my own Brinks armored truck” 💓!! … Onward & Upward!!

-vegas

MARKETS BEWARE, THE CLOWN COLLEGE IS BACK

 

“Let me be fortunate enough to escape government propaganda!!”

The Clown College is back! … fresh off a month-long vacation cuz they “work”

so hard, right? … hopefully, here comes a government shutdown come the end

of the month for some much needed “shits & giggles”, with propaganda flying

all over the place … let’s face facts shall we? … they’re ALL crooks, thieves,

hypocrites, Liars, and general overall SCUMBAGS … Libtard DEMS at the top of

the class, but don’t forget the despicable RINOS as well … what a bunch of shit

weasels!

And flowing right into that thought process, welcome to market manipulated

bullshit … into the meat of the day, and USDJPY proving to be the nightmare it’s

truly become … gold can’t move to save its life … oil with a ridiculous $1 & tiny

change range [so far], and gunning for UP 10 days in a row [futures] … crypto

evaporating into obscurity … and outside of the cult running the NDX100, “Stock

Bellies” completely FUBAR … and the lesson of this day is “stay away from any

and ALL of the U.S. fairy tale econ stats, no matter how minor, cuz they blow up

markets when scumbag banks clean out the order books for their own benefit!”

… and once again today, North Korean ISM “in the tank” propaganda kills specs

like Jack the Ripper … surgical precision, you never had a chance!

It’s like every day is an excursion into “The Twilight Zone” … markets blow up,

up or down what’s the difference? … then they go “crickets” ‘til the next time

… but don’t worry, your favorite market is on the docket to get obliterated just as

soon as the manipulators turn their attention to it … or like oil, it simply just goes

straight up / down for days on end until it doesn’t and then there’s “Hell to pay”,

as the stops get flushed and panic sets in so the scumbag banks and/or HFT’s

can blow the spread out once again and take advantage over specs … truly a

fucked up process only a manipulator could love.

Finally some nice moves in Bitcoin today, but unfortunately IQCENT continues to

fuck up their crypto CFD feeds from their idiot LP, which is Thompson Reuters

… I’ve seriously never seen a bigger bunch of fuckups in my life, and their

inability this last week to provide decent Bitcoin trading is embarrassing … and

yes, I’ve chewed their asses to the bone about this, both on the phone and via

emails, and all I’ve gotten is “crickets” … who’s surprised?

No trades today in anything … I’m not buying oil when it’s up 10 days in a row, I

don’t give a shit if it goes up another 20 days in a row … fugetaboutit! … oil

market keeps this kind of shit up, and the end won’t be pretty … it never is, but it

will be plenty fucking ugly I can assure you … spent pretty much the entire day

screaming at IQCENT to fix their “Hoover Dam” platform … tried to trade Bitcoin

but couldn’t, cuz it kept crashing and/or rejecting orders … a 1 penny spread

doesn’t do us much good when you got no market to trade … talk about sheer

incompetence and stupidity, they got it in droves … “did somebody come over

from Turnkey or Coinexx and join their team?” … onto tomorrow, I need a drink.

… OUTTA HERE … “The future’s so bright I need 2 pairs of sunglasses 😎😎,

and my own Brinks armored truck” 💓!! … Onward & Upward!!

-vegas

IS THERE ANYTHING BETTER THAN COACH PRIME? [HINT: NO!]

 

“In the sick society of the Banana Republic, a breath of needed fresh air!!”

In the twisted, sordid world of everyday Banana Republic bullshit, aided and

abetted by nonstop propaganda from state run MSM, nothing escapes the

watchful eyes of the gerontocracy running politics to sports, and the way the

“good ‘ol boys” want the club to be run … “there’s this club, and you ain’t in it!”

is the official mantra of the ruling class … and nowhere is this more pronounced

and enforced than in college sports, especially high stakes college football

… run by the Gestapo like NCAA, more polluted & corrupt than Libtard Nation on

steroids … we now have the “Power 5” conferences, where the big money is

doled out, and along comes “Prime Time” Coach Deion Sanders to throw a

“bigly & yuge” monkey wrench into the equation … oh, the “haters” are there,

cuz what upsets them more than anything is the impact Coach Prime 1) already

has had in recruiting, and 2) the fresh blood he brings to the table upsetting the

“good ‘ol boy” network of coaching that sees tired retreads get hired over

qualified minority coaches from places like the HBCU network and FCS division

schools … can’t have that!

From where I’m sittin’, if I were a parent of a highly talented football recruit

[4 or 5 star], I would most definitely want my kid to be under the guidance and

direction of Coach Prime … everybody in this world has sin and has sinned

many times … nobody is perfect, but there are people who truly stand above

others in terms of moral character, work ethic, discipline, and focusing on

achieving your goals in life … look at Coach Prime and then cast a glance at a

complete bumbling, lying, hypocritical crook like Joe Biden … who would you

like your kid or grandkid to emulate and be like? … the question answers itself!

Turning to the “Slots-A-Rama” pavilion inside the world’s most corrupt casino,

4 day vacation is over, and it’s back to figuring out what the manipulators want

to do this week … well, the “Thugs & Dictators” in OPEC+ have spoken … Russia

to cut production and Saudi Arabia to leave production cuts in place through year

end … apparently, it’s “fun” to put the screws to senile Joe Biden and the U.S., so

where is inflation headed now? … oil immediately jumps $2 in less than 100

seconds, and like clockwork the Coinexx oil LP or LP’s decide to blow the oil

spread out to 5+ cents … “thanks assholes!” … oil now settled down some, and

the spread is back to 1 - 2 cents … historically, oil has a habit of the “Thugs &

Dictators” doing shit like this to trap shorts, then stand at the top of the blow off

and “sell, Mortimer, SELL!!” … you just never know when mistress demands for

shopping can call for a quick $2, $3, or $5 million dollar shopping spree in

Switzerland [or Dubai] and you need some handy cash! 

Just remember, just cuz they “call for” a production cut doesn’t mean there

actually will be one … “Thugs & Dictators” may be thugs & dictators, but they

ain’t stupid and they know how to play the West when it comes to markets … Vlad

& crew have been doing it for decades, and first started with gold back in the 80’s

when he was KGB Grand Poohbah … I can assure you he was long oil before his

oil minister strode to the microphone! … he is the master! … and I’m sure, he’s

moved on to energy but will “play” gold when the time becomes

appropriate again.

Oil supplies are very tight … in fact, the world is drawing on inventories to meet

demand … as one said over on ZH, Biden weaponized the dollar, and now the

Saudi’s & Vlad are weaponing oil … and while “Taliban Joe” has done a

wonderful job of depleting the SPR, here’s what he’s done to oil rigs operating

in the U.S., as the graph below shows.

click on chart to enlarge

That’s some record for the worst Preezy in U.S. history by a long shot … the

happiest guy in the world is Jimbo Carter, where Biden makes him look like

Einstein … in case you haven’t noticed, the Banana Republic is in deep,

deep  trouble.

Meanwhile, gold looks like nobody cares or is giving it any respect at all … the

Rodney Dangerfield of markets! … what a pathetic trade today, now into the

New York afternoon with a $13 range … $8 for 8+ hours of nothingness!

… seriously, can it get any worse for our favorite pet yellow rock? … and what

the Hell has happened to crypto? … this is like “nuclear winter” all over again

… “Stock Bellies” doing NADA, where the DOW30 has barely moved since the

NYSE open … the oil shock news from Vlad & his best bud in Saudi Arabia, and

some new highs for the year in USDJPY … other than that, nothing to show for

any trade on the board … another “stink bomb” Monday after NFP Friday, the

second worst trading day of the month by far … what did we do to ever deserve

shit like this?

Oil blown apart cuz of the news, and it skews the shit out of all of our algorithm

parameters going forward today from the news release … it sucks up and

destroys buy and sell fuel cuz of the panic, and quite frankly there’s nothing

worse than trying to trade a market that is in panic mode … up or down, the

dynamics change, and change drastically … it’s like a football team that is

always used to being up in the score, and then they run into an opponent and

find themselves down 21 points going into halftime … the emotions will be vastly

different, and their response will most likely show some form of panic, like trick

plays or fake punts … very hard to decipher! … so it is with oil today, but the

good news is that the trade looks and feels vibrant going forward … gold so far,

not so much.

“Stock Bellies”, at least the DOW30, finally pukes lower … I guess traders finally

figured out sharply higher oil prices and resultant inflation ain’t exactly good for

“Stonks” … not that the cult members of the NDX100 care, cuz as we all know,

tech “Stonks” and “AI Stonks” like NVDA can only go higher no matter what

… won’t it be something when that bubble finally goes “POP!”

No trades in anything today … looking for better conditions tomorrow & beyond

now that we’re outta Summer … today was a “one off” from oil news … regular

weekly oil inventories tomorrow from the EIA at 10:30 AM EST, while tonight after

the close @ 4:30 PM EST, API gives its inventories of crude oil … should be a

good trading day tomorrow barring any news items that ultimately affect oil

… you just never know! … onto tomorrow.

… OUTTA HERE … “The future’s so bright I need 2 pairs of sunglasses 😎😎,

and my own Brinks armored truck” 💓!! … Onward & Upward!!

-vegas