SUNDAY UPDATE: NEW MARKETS ADDED

“And you’ll find plenty of it here!”

Two [2] “VIX MATRIX TABLE” I’m reproducing here from traderzoogold for your

convenience. Directly below, the “STOCK INDICES & FX VIX MATRIX TABLE”,

followed by the “INDIVIDUAL STOCKS & CRYPTO VIX MATRIX TABLE”.

click on any table or chart to enlarge

As you can see from the tables, crude oil 20 day Range in New York is barely

holding above $1 … given it’s 3 cent spread, it makes trading this market

undesirable at it’s current volatility … on the other hand, certain crypto and

stocks like TSLA are burning the fucking IVIX house down right now … why

trade oil if you can trade these? … BTC trading still far superior at PRIMEXBT,

but if you like some of the others, CRYPTO ROCKET IS THE PLACE TO BE CUZ

THEY’VE GOT CRYPTO & THE STOCK CFD’S … hit the CRYPTO ROCKET LINK

ABOVE, sign up and download the demo and check things out … takes less time

than grabbing a drink from the fridge!

Directly below, the 20 Day Range MA for WTI Crude Oil for the current week.

Directly below, the 20 Day Range MA’s for crypto, for the current week.

Ranges have picked up from late last year, and with that activity, although by

historical standards they are still considered “high”, some of the crypto pairs are

definitely tradeable IMHO … when you consider how much they move, and the

speed at which they do it, it doesn’t take long for a good move to occur

… BTCUSD [Bitcoin], XRPUSD [Ripple], & BCHUSD [Bitcoin Cash] are 3 examples

of expense ratios in the “3’s” … and all 3 trade 24/77/365, as they are never closed.

Added to the list starting today, are the 4 volatile NASDAQ stock CFD’s, which

traderzoocrude will now follow. Although I don’t have that much data yet, I start

the chart and we move forward. Directly below, the 20 Day Range MA’s for AAPL,

AMZN, GOOGL, & TSLA.

Notice the difference between TSLA “avg” & the “median” … that huge difference

tells you there were large ‘one off” spikes in the range that “skewed” the

“average” data … look at the other 3 stocks and “avg” & “median” are pretty close

to each other … don’t let the IVIX in these fool you … 1 “1 lot” in the CFD’s = 100

shares, and margin is at 20X [5%] … who needs options and they’re exceedingly

high time premiums when you have the CFD’s? … MIN VOLUME IS 0.01 LOTS = 1

SHARE, so you can determine your own risk profile when trading them … I traded

some TSLA on Friday, and I can tell you, this puppy moves … just don’t get

greedy, and use the spikes to liquidate or you will suffer on the turn.

Onto the week … until tomorrow mi amigos … Onward & Upward!!

Have a great rest of your weekend everybody!

-vegas

EVEN MOAR CRYPTO!

“MOAR BENJI’S!”

Over in the right hand column, a link to “CRYPTO ROCKET”, a new brokerage

house I’m hooking up with … click on the logo and to open an account … NO

KYC, simply an email address, deposit / withdraw in BTC … many more crypto

pairs to trade, but disappointingly so their BTC pair is not up to my standards,

with the bid/offer spread way, way too “Hoover Dam” high … however,

everything else looks pretty good and is EITHER on the same level OR

CHEAPER to trade thn PRIMEXBT … crypto open 24/7/365 … check out the size

of “1 lots”! … e.g. “Ripple” [XRPUSD], a “1 lot” = 100,000 * value of coin

[about $0.28] … if you tried to do that volume over at PRIMEXBT , I think you’d

break the system!

In addition, there are stock CFD’s … 20X [5%] leverage … a “1 lot” = 100 shares

… all the high flyers are here, like TSLA, AMZN, AAPL, GOOGL, FB, NTFLX, &

MSFT, along with hundreds of others.

Yesterday’s blog update had DASH & BCH in the mix with their 20 Day Range

MA’s … plenty of other pairs as well, but make sure you check under

“specifications” [highlight pair, then right click mouse, then choose

specifications from the list] to find the size of the “1 lot”, cuz it can be quite

large.

CRYPTO ROCKET also has crude oil, WTI & Brent, at 3 cents/barrel … but it

comes with a $6.00 round turn commission on a 1 lot [1,000 barrels] … FX

CHOICE is 3 cent spread with no commissions, so I wouldn’t trade oil here, if

that’s one of your main markets. PRIMEXBT the clear winner for BTC & all of FX.

More tomorrow, so onto the week … until then  mi amigos

… Onward & Upward!! 

Have a great day everybody!

-vegas

IN SEARCH OF AN HONEST MARKET

“Crypto can be magic!”

Crude oil continues to go south, simply cuz the world is swimming in crude, and

the longs are getting shaken out due to the coronavirus scare in China, and it

potential impact on oil demand in the world economy … crypto today [BTC] putting

in a halfway decent range of approximately $375, and the IVIX was above average

… some really good algorithm short signals in BTC today.

The problem of course isn’t Bitcoin [BTC] as a market … the problem is the cost to

trade it, cuz it’s approximately 10X MORE EXPENSIVE TO TRADE than anything in

FX, including gold & silver … and this is a key reason I’m not touching it until its

20 Day Range MA is over $400 … I’m not handing money to a brokerage house just

to trade something … “c’mon Dudes!, gimme some value”!

Outside of FX CHOICE for their oil CFD’s, which are right there at 3 cents per

barrel net cost to trade, there isn’t anything else available that makes sense

… PRIMEXBT used to have the best conditions, then somebody somewhere got

to them and they changed it, more than likely, out of reasons of pure greed

… “well, fuck that, I’m not paying upwards of 7 cents a barrel to trade oil, when it

used to be around 2.4 cents per barrel … that’s just stupid! … quite frankly,

nobody in the world is interested in offering a really good crude oil CFD, and

while the FX CHOICE OIL CFD I give a grade of “C+”, the rest are pure shit and

total ripoffs.

… until tomorrow mi amigos … Onward & Upward!!

Have a great day everybody!

-vegas

OIL GOES PANIC BID, THEN PANIC OFFER DOWN!

“Oil & crypto emotions today … which ones were you!?”

The Iranians blow up some sand … Trump laughs … it’s over before it starts, and

let the selling begin! … BTC goes north above 8400 before pulling back some, but

crude gets beaten with a lead pipe into the stone age … a I write, down over $6

from the high set last night.

I’ll give FX CHOICE credit with their oil CFD’s, they stayed right at 3 cents a barrel

in the bid/offer spread most of the time, with an occasional 4 cent spread

sprinkled in, but mostly it was 3 cents … let there be no doubt, the world is awash

in crude oil!

… until tomorrow mi amigos … Onward & Upward!!

Have a great day everybody!

-vegas

OIL HOLDS FIRM … BTC CATCHES A BID

“Who knew Wednesday Adams trades oil & crypto!?”

Well, as I said yesterday, the only place to trade oil now is at FX CHOICE

…  PRIMEXBT pretty much shot themselves in the ass with “goofy ass”

bid/offer spreads, and even if they come down, can you trust them? … Nope

… never trust an oil LP.

For all the chatter about BTC hitting $8K today, the day’s range still isn’t that

great, especially in relationship to what it costs to trade BTC … currently, there

are  better markets to trade with better trading conditions on the platform … last

thing you want to do is throw money away … until tomorrow mi amigos

… Onward & Upward!! 

Have a great day everybody!

-vegas

PRIMEXBT THROWS THE TOWEL IN ON OIL

“Fuck you, no I don’t!”

Well it appears PRIMEXBT has decided to “throw the towel in” on crude oil as a

legitimate & tradeable  CFD … today sees their crude oil bid/offer spreads go

north to 7 cents, and when you add in commissions, it puts the “net cost to

trade” at about 8 ½ cents per barrel … who the fuck is gonna trade that?

I mixed it up with ‘em today, voiced my displeasure & told ‘em what’s what

…  they shrugged their shoulders and said, “it is what it is”, and so I can no

longer recommend PRIMEXBT FOR CRUDE OIL TRADING … over the last few

weeks and the start of the Holidays back in mid December, FX CHOICE has

stayed rock solid at a 3 cent spread, with none of the bullshit that has taken

place at PRIMEXBT … well, it’s simple really … “if they don’t value the business

and don’t give a shit, then fuck ‘em! … nobody needs this shit”!

I hoped I could trade crude oil for their new PAMM, which they still say should be

sometime in Q1 2020, but it’s increasingly looking like that PAMM will only be able

to do Cable, along with some gold & silver at times, and crypto when it gets

active … oil is a complete bust, and once again, it looks like the 3 cent bid/offer

area is the best we can hope for right now, only I can’t trust PRIMEXBT to give it

to us … it is what it is, nothing we can do about it … it’s sad, but whaddaya

gonna do?

Meanwhile, crypto inches higher into 2020, but no really good range for what it

costs to trade Bitcoin [BTC], or any of the others … and until crypto heats up,

the FX space is the only thing they are excellent at … about 30 pairs including

gold & silver, take your pick … until tomorrow mi amigos

… Onward & Upward!! 

Have a great day everybody!

-vegas

SUNDAY UPDATE: OIL & CRYPTO STILL WEAK

“Reminds me of 2 markets I’m thinking about!”

Even with Friday’s large range in crude oil, the 20 Day Range in New York has

fallen below $1 … utterly pathetic, but whaddaya gonna do? … and with bid/offer

spreads blown out at PRIMEXBT cuz of STFU & trade, it makes the situation even

worse than normal, cuz with a “total cost to trade” of over 5 cents per barrel, it

makes the (cost to trade) / (20 Day Range MA) = over 5%+!! … and quite frankly, if

you pay this rate to trade anything you’re an idiot. And unless they discover

religion this week and get shit back to normal, oil is untradeable at PRIMEXBT

… the only place to go is FX CHOICE, where the cost is 3 cents “NET”.

Even BTC had a nice range on the Iranian news, but it’s not enough to lift overall

IVIX from the doldrums, and I might add going lower … one glance at the “VIX

MATRIX TABLE” over on traderzoogold, and you’ll quickly notice that to trade

anything crypto, it’s 10X times higher cost than Cable, and 20X more expensive

than silver, given their respective 20 Day Range MA’s … and like I said last week,

unless this downward trajectory in everything crypto first stalls, and then ends,

there’s no reason to trade any of it … why, you’re giving money away for the hope

it pops?

Directly below, the 20 Day Range MA for WTI Crude Oil for the upcoming week.

click on ANY chart to enlarge

New York range below $1 … unreal given the news and geopolitical environment

we’re in, but it is what it is.

Directly below, the week’s 20 Day Range MA’s for dollar crypto pairs at

PRIMEXBT.

Literally nothing to cheer about in any of the above charts.

Directly below, the week’s 20 Day Range MA’s for BTC cross crypto pairs

at PRIMEXBT.

Even worse in the crosses, as there is no end in sight to the downward trajectory

of IVIX … quite frankly, all the other alt coins are dead in the water when it comes

to IVIX versus Bitcoin [BTC] … at the moment, though, you’d have to be nuts to

trade any of these given the exorbitant costs to trade any of ‘em … way, way too

expensive.

… until tomorrow mi amigos … Onward & Upward!!

Have a great rest of your weekend everybody!

-vegas