SUNDAY UPDATE: OIL VIX DROPPING

“The 6 emotions of trading crude oil … do you see yourself!?”

The 20 Day Range of WTI Crude Oil for this week directly below.

click on chart to enlarge

VIX going lower as crude is trapped in a range that is seemingly unending

… basically a $52 - $53 on the low side, and $56 - $57 on the high side, and

unless there’s more attacks on tankers from somebody, there doesn’t seem to

be any breakthrough in terms of supply and demand … I’m afraid it’s just more

of the same this week, bouncing around in the “Flying Wedge of Death” [FWD],

as the big money crowd banks coin at the expense of retail specs … nothing

new under the sun … until tomorrow mi amigos … Onward & Upward!!

Have a great rest of your weekend everybody!

-vegas

OIL GOES BOLTON

“Drop kicking Bolton the hell out!”

Well, that escalated quickly in oil , didn’t it? … POLS & Apparatchiks at your

disposal … “thank you sir, may I have another”!? … and just like that, we’re back

in the upper 55’s to low 56 range in crude … and the killer “Flying Wedge of

Death” [FWD] on the daily candlestick chart continues unabated … “what if this

kind of range lasted for years? … how would this affect your oil trading? … won’t

last above 58, and can’t break 53 with any conviction, so what do you do?

I’ll tell you what you do … you wait for our new proprietary oil algorithm to be

released, and then OWN THIS BEAST! … yea, it’s that good … hardest thing for all

of you reading this will be FOLLOWING IT & executing the proper trades … hell,

it’s all visual on the MT4 platform screen … understanding it is easy … a group

of retarded kittens can grasp this algorithm in under a day … pushing the buy/sell

buttons when you’re supposed to for profit? … sounds easy doesn’t it? … I can

assure you it ain’t, especially for Newbies … and the reason is simple … your guts

and your brain have to be “synced” … and when that’s accomplished, this market

is an ATM!

Until tomorrow mi amigos … Onward & Upward!!

Have a great day everybody!

-vegas

OIL DISCOVERS THE TWILIGHT ZONE

“Welcome to oil trading, Captain Kirk!”

Oil trading … ah yes, welcome to the “Twilight Zone” … if only Rod Serling

had been around to see what this market can do to humans, he’d have had a

field day in developing episodes for the series. Just looking at the last few days

on the daily candlestick chart, and there’s no making any sense of anything

… throw in some reversals and the “Flying Wedge of Death” [FWD], and no

position in this market is safe at anytime you’re in it.

Cuz of the Monday Holiday, oil inventories is today at 11 AM EST … market

literally treading water ‘till then, and oil hasn’t seen ± 30 cents in hours … so,

wait we shall. “Well, that escalated quickly to the downside, didn’t it”?

Another big inventories miss sends crude going “Thelma & Louise” … and of

course not helping, are the scumbag LP’s blowing the spread out to ridiculous

levels … even if you wanted to sell it, you couldn’t, and once the report came

out, bid/offer spreads ballooned outwards toward 7 - 8 cents on the CFD

… who the hell is going to trade that? Granted, about 20 minutes later the

spread came back to 4 - 5, but even that is no bargain … 3 - 4 is where it needs

to be, and so what we get is another example of LP greed for no reason … but

hey, we all have known for years they are the biggest thieves going, so what’s

new?

Now after 1 PM EST, and the day basically finished [maybe], where do you

expect WTI to go with an already $2+ range on the day? You really can’t

trade it in Asia or early Europe cuz the spread is too high, and you can’t trade

it when there’s news either … and if the scumbag LP’s won’t make a market,

you’re left with little choice but to walk away … and today, I walked away.

Nothing really left to say … except of course, let’s see if they can drag it lower

and extend the range from $2 … sure they can, and away we go! … daily

range now just shy of $3 here at about 2 PM EST … good grief. Can we just

get a decent spread for cryin’ out loud? C’mon Coinexx, don’t turn into

Turnkey!

Back at it tomorrow … until then mi amigos … Onward & Upward!!

Have a great day everybody!

-vegas

OIL CERTAINLY HAS REDISCOVERED VOLATILITY

“Just like oil!”

One oil algorithm trade today, off a secondary signal that didn’t yield much

… then oil collapsed to a new low below 57.00, and then rocketed up near

the high [58.80] so far … all in all a couple of bucks, but nothing major to

warrant any whoopie!

Really, the action when I came to the screen already has oil with n almost $2

range … and that usually means the U.S. session will be bullshit … which it

has been, with the entire U.S. day being nothing more than a gigantic

“Flying Wedge of Death” [FWD] … I passed on the last signal trade, simply

cuz it’s after 1:30 PM EST, and didn’t figure it had anyplace to go … wrong

… this shit can go anywhere, anytime, it wants. As I write, it’s threatening

the high for the day, which would be a major reversal day if breached.

click on chart to enlarge

The white arrow got me in at 57.99, and the orange arrow got me out at

58.04 … spread was 4 cents … bid/offer spread today not very good,

hovering between 4 & 5 most of the day … got 4 on both trades, but 3 would

have been better … who knows what drives these scumbag LP’s to price oil?

Anyway, back at it tomorrow … until then mi amigos … Onward & Upward!!

Have a great day everybody!

-vegas

OIL GRINDS

“Let me guess … an oil market that doesn’t move!?”

Well, isn’t today’s oil market special? … along with everything else, a bucket

of slop … worst range day since May 3, right along with the “Flying Wedge

of Death” [FWD], trying to hit new highs and lows about 9 times apiece.

Bid/offer spreads today from Coinexx, also not very good … considering the

dull action, spreads should have been at 3 cents most of the day … instead,

we saw 4 - 5 cents … scumbaggery no matter where you go from the LP’s.

I decided last night after I published the oil algorithm, I’m not going to

simply take every oil signal from the algorithm and make a demo trade.

Instead, I’ll choose the trades from about 7 AM EST - 2 PM EST [7 hours],

according to signals, to give all of my readers my thinking behind a trade

… and coming into today, it looked and felt like dead meat … and really,

nothing on the upside or downside could gain any traction in terms of price

… the only move that could have made any money was the up move from

59.00 to near the high around 59.50 … other than that, a complete chopfest.

Onto tomorrow … until then mi amigos … Onward & Upward!!

Have a great day everybody!

-vegas

LIGHTNING BOLTS & CRICKETS

 

“Markets have turned into hanging parties!”

Where do you begin talking about this day? … first I guess, is the fact major 

FX pairs are beyond hope anymore … seriously, forget volatility here as 

central bank HQ is dialed in, which leads to reversals and the infamous 

“Flying Wedge of Death” [FWD] … forget stock indices today, as premium 

erosion sets into the SP500 chop around 2930 … but then there’s oil, where a 

Trump Tweet unleashes a selling panic, thus giving oil a much needed boost 

in the daily range … something that’s been severely lacking these last months.

I looked at both oil and SP500 earlier, and nothing looked good simply cuz 

premiums were too high based on lethargic market action … well, one was 

right, the other went ballistic … “when somebody figures out when Trump is 

gonna Tweet on oil, let me know OK”? And of course, this fits well within what 

I’ve been saying for ages now, “that markets only move when POLS & 

Apparatchiks open their Pie Holes” … today sees that in oil in spades.

Next week sees Asia off the entire week, not returning until May 7 … 10 days 

of “Golden Week” Holiday … so, don’t look for anything to be priced fairly at 

NADEX on the open or until Europe opens about 10 - 11 hours later. Lately, 

their bid/offer spreads have been horrific … only oil priced around 2 cents 

per bbl. is OK, everything else a complete ripoff … you gonna step up and 

pay 10 PIPS to get into GBPJPY? I’m sure as hell not. And until we get close 

to the NYSE open [about 90 minutes], don’t expect the SP500 call spreads to 

be priced well either … last night they were hovering around a full index 

point, which is embarrassing.

It’s bad enough when you have to deal with manipulative market forces 

… it’s worse when you got to pay huge “vig” just to get a position on and 

make a trade. Geesh, I wish they’d get their shit together.

Back Sunday night with a 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”?

 

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”?