BTC WAKES UP … WTF HAPPENED TO OIL?

“I think I’m almost there!”

Straight up, the algorithms for crude oil weren’t developed for 50 - 80 cent per

barrel ranges … screw that … “back away Ma’m and nobody gets hurt, OK”?

… oil VIX getting “monkey hammered”, and it’s no place to trade under these

conditions … simple as that.

BTC had a huge turnaround yesterday, after some ChiCom got taken to the

woodshed and stopped out … you know what happens to whales after

“the big puke” … right! … thank you sir, may I have another”!!

There were some good algorithm trades today in BTC, but to be truthful, I have

spent almost the entire day trading GBPUSD [Cable] … BREXIT done and over

with, Cable is let loose from FX prison, and intraday VIX is expanding … Bingo!,

Bango!, Boom!, it’s time to trade Cable via the “Traders Course” [TC] scalpers

algorithm, which gets published this Sunday! … if you don’t like money, then

don’t get it! … until tomorrow mi amigos … Onward & Upward!!

Have a great day everybody!

-vegas

MARKETS ARE IN A STATE OF PARALYSIS

 

“So says FX today!”

Markets all across the MT4 board paralyzed today … given so many 

confusing signals from every direction, nobody knows what to do in 

anything … pick your market it doesn’t matter, it’s either “panic city” or 

“night of the living dead” and nothing else in between. 

And given that scenario, is it any wonder GBPUSD trades like a drunken  

duck … one minute way up, the next crashing down, but not enough to get 

pass the call spread premium evaporation that takes place on each turn 

… meanwhile, the Pols prove to the world yet again how utterly worthless 

they’ve become … cuz as I’ve said before, “until they figure out how the graft, 

bribery, corruption, embezzlement, & influence peddling in any new “Brexit” 

deal gets handled, absolutely NOTHING gets solved or passed in Parliament 

… there isn’t a Pol alive that’s gonna see his/her cut get reduced, so some other 

“fat cat” can get a raise … they may be corrupt, but there not stupid”!

What we end up with at the end of the day, is some “straight ups” and some 

“straight downs”, but not enough to matter … and that finds Cable locked 

into the 1.3000 - 1.3250 range until something gets hammered out. Other 

markets aren’t faring as well as Cable in terms of their VIX … oil, gold, & 

the stock indices a pile of roadkill out on I-80, somewhere in Wyoming 

… you’d think the call spread premiums in these would reflect this … you’d 

be wrong.

  

All we can do is wait it out … tomorrow’s another day, here in the salt mines 

of trading … we’ll see what transpires tonight at the open … until tomorrow 

mi amigos … Onward & Upward!!

Have a great day everybody!

-vegas
 

OUR NADEX SIGNALS SERVICE IS UP & RUNNING … DAILY 

WTI CRUDE OIL SIGNALS & “VOLATILITY” STRATEGIES 

IN 20 OTHER MARKETS, INCLUDING COMMODITIES, FX, 

& STOCK INDICES! … “what on earth are you waiting for”?

 

 

“Today was one of those days you should have stayed in bed!”

There isn’t anything that can be said about the process of “Brexit”, and its 

effect on Cable and/or Cable crosses, that hasn’t been said by many, none of 

which is complimentary or good … today proves that point in spades, as the 

 “shitshow circus” continues with May’s Gubermint flipping & flopping to get 

a “deal” … any deal … through Parliament come hell or high water. 

Crude oil for its part, stumbling slowly higher in a crawl … big whoop, an 
87 cent range today … gold literally dead … and the SP500 can’t even get a 
10 index point range for cryin’ out loud … and oh yea, EURJPY rites will be 
held tomorrow night in the FX chapel.

Up ‘till the point when May “flipped”, it was looking like death for anybody in 

the call spreads that was long … thereby pointing out why I’m almost NEVER 

short gamma … it’s simply a shot to the head, with no chance to recover when 

it occurs.

We’ll see what tonight brings, but I’m not optimistic … this kind of psychotic 
market behavior reinforces scumbag LP dealer “scumbaggery”, and that 
generally means very high call spread premiums … we’ll see … until 
tomorrow mi amigos … Onward & Upward!!
 

Have a great day everybody!

-vegas
 

OUR NADEX SIGNALS SERVICE IS UP & RUNNING … DAILY 

WTI CRUDE OIL SIGNALS & “VOLATILITY” STRATEGIES 

IN 20 OTHER MARKETS, INCLUDING COMMODITIES, FX, 

& STOCK INDICES! … “what on earth are you waiting for”?

 

HURRY UP & WAIT

 

“Cable moves? … Any semblance of a market in FX is gonna have to wait!”

Oh wait, another important vote on “Brexit” … ha!! … heard that one before. 

This “shitshow circus” started early at last nights open … call spread 

premiums the largest I’ve ever seen in anything Cable … simply put, “come 

back another day, cuz this is gonna be a nothing burger … the votes don’t even 

happen until NADEX is already closed for the day and the call spreads have 

expired, so why would anybody in their right mind pay top dollar for volatility 

when it won’t come until later”? … I dunno, but it ain’t gonna be me!

Nothing to do but hurry up & wait for tomorrow … until then mi amigos 
... Onward & Upward!!
 

Have a great day everybody!

-vegas
 

OUR NADEX SIGNALS SERVICE IS UP & RUNNING … DAILY 

WTI CRUDE OIL SIGNALS & “VOLATILITY” STRATEGIES 

IN 20 OTHER MARKETS, INCLUDING COMMODITIES, FX, 

& STOCK INDICES! … “what on earth are you waiting for”?

 

THE LOCUSTS HAVE ARRIVED

“Is it too much to ask to make an honest market!?”

I feel like the locusts have finally arrived to destroy financial markets … the 

only thing left before I throw my laptop into the ocean, is if all the water turns 

red … at that point I fear, trading may not matter anymore … and it sure feels 

like that’s where we’re going.

Is it too much to ask NADEX to make call spreads that make fucking sense? 
… do they always have to be 400 miles apart, from floor to ceiling? … is it 
possible to get your lousy ass market making parent, IG GROUP, LONDON, 
to make honest markets without “vig” that would make Vito Corleone blush 
with envy? Cuz if you look today at things, it’s a supermarket of bullshit that’s 
being offered up to traders. In other words, today we got Mr. Jack Squat for 
choices in GBPUSD & GBPJPY, without bending over and grabbing ankles 
for the privilege.

Oil for its part, putting in the obligatory sub range up/down, screwing traders 

via the “Flying Wedge of Death” [FWD], all the while raping premium on the 

turns … again, until oil starts to become more actively traded and the 20 Day 

Range MA starts to rise again, we simply have to leave it the hell alone or we 

get visited by Sil & Paulie on Tony’s orders and get whacked.

And now that the next, all important “Brexit” vote is out of the way, the 

staggered call spread premiums in GBPUSD, that I was watching most of the 

morning, have totally collapsed … even though Cable quickly dropped 50 

PIPS, all that happened is that the call spreads flipped sides on the profit, but 

the premiums built into the equation have been brutalized … from the 50’s 

down to the teens, just like that … now you know why I didn’t recommend 

anything going into the vote … it’s a suckers play 99% of the time, and if you 

sell it instead, that other 1% kills your account, so no way to win here.

Onto next week … I’m outta here … Sunday night sees the blog update 

… until then mi amigos … Onward & Upward!!

Have a great weekend everybody!
 

-vegas

OUR NADEX SIGNALS SERVICE IS UP & RUNNING … DAILY 

WTI CRUDE OIL SIGNALS & “VOLATILITY” STRATEGIES 

IN 20 OTHER MARKETS, INCLUDING COMMODITIES, FX, 

& STOCK INDICES! … “what on earth are you waiting for”?

WHAT NEXT? … LOCUSTS?

 

“And he hasn’t even started trading yet!”

“Well, that escalated quickly to the downside last night, didn’t it”? … and by the 

time NADEX opened one hour later last night, the call spreads in

anything/everything Cable were skewed so badly, there was nothing you could 

do but lose money or sit … I choose wisely to sit … floors & ceilings way out of 

whack, thanks to the “monkey hammering” in Cable, when it became known 

DUP from Ireland isn’t behaving in the “Brexit” comedy … this morning, the 

new call spreads, out at around 8 AM EST, with premiums so large you could 

choke a horse, didn’t make anything better … “yup, back to the same old shit, 

different day syndrome we’ve become accustomed to in FX”.

Crude oil, for its part, only moved when President Trump weighed in on too 

high oil prices, and even then did very little. The oil complex has got issues 

now, not the least of which is no “MoMo” in either direction, making for 

choppy, worthless trading at best … at worst, it’s the “Flying Wedge of 

Death” [FWD] that ends up killing accounts cuz it won’t move after it sets 

off whatever buy/sell signals you’re using … “if I didn’t know better, I’d say 

the banks know where those levels are, and intentionally breach them to fuck 

retail specs … nahhh, couldn’t be”. [snark]

I’m very disappointed with NADEX, especially in GBPUSD … there is no 

reason whatsoever to have 3 or 4 PIP spreads, then add 2 PIPS for RT 

commission, making our net cost to trade 5 or 6 PIPS … you can  

“optionality” all you want, and make other excuses, but when you only have 

ONE MARKET MAKER [THEIR PARENT COMPANY IG GROUP, 

LONDON], it leads to less than competitive spreads, slippage, & and general 

“scumbaggery” on their part, and believe you me if there’s nobody there to 

compete with them, that’s what we get … well, news flash for NADEX: 

STUFF IT!, I ain’t tradin’ it under those conditions … this is 2019 not 1999, 

where internet electronic trading platforms had Cable bid/offer spreads 

generally at 5 PIPS … what a frickin’ joke.

We’ll see what tomorrow brings … I’m outta here … until tomorrow mi 

amigos … Onward & Upward!!

Have a great day everybody!
 

-vegas

OUR NADEX SIGNALS SERVICE IS UP & RUNNING … DAILY 

WTI CRUDE OIL SIGNALS & “VOLATILITY” STRATEGIES 

IN 20 OTHER MARKETS, INCLUDING COMMODITIES, FX, 

& STOCK INDICES! … “what on earth are you waiting for”?