“The Zombie trade is back … all you can do is lose!”
Well, looks like oil is consolidating ahead of the OPEC+ meeting later this month
in a couple of weeks … after the moves we’ve seen, not surprising really … given
what’s coming, I don’t think the 20 Day Range MA can hold this $2 range threshold
… I’d be surprised to see it expanded.
Oil today just drifting … I would note, that the oil algorithm is very good when
ranges are below $1.30 - $1.40, but if market volatility is higher than that, like now,
then it loses some of its sparkle … better to use a higher oil VIX trading model,
that captures the turns better than the original … we’ll have that algo ready for
traders in the coming weeks … sorry, it won’t be free … on the bright side, it won’t
be expensive either … small change to rid the world of “tire kickers” and those
who aren’t serious about trading … details in the days/weeks ahead.
For now, today is a waste, and of course Coinexx can’t seem to maintain a 3 cent
bid/offer spread … yea, cuz the market is so volatile [cough, bullshit, cough]
… nothing but LP crooks & thieves no matter which house you trade at … not
blaming Coinexx, but like the others, they refuse to confront the LP crooks and
make them change their ways … either they are complicit in the theft cuz they get
part of it, or they don't care … neither is very good for clients and says volumes
about the brokerage house community … fact is, if I owned the brokerage house,
I’d rather delist the oil CFD’s than have them be the embarrassment and ripoff
they currently are … the spreads these things trade at is criminal … who trades
them and gives money away?
Onto tomorrow mi amigos … it can’t be worse than today … until tomorrow
… Onward & Upward!!
Have a great day everybody!
-vegas
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