BTC IS THE VACCINE AGAINST GOVERNMENT

“Dear Elmer: Try the crypto space for some good hunting!”

Third day in a row [so far] BTC is locked into a very tight range, with 2 doji’s

preceding today on the daily candlestick … markets basically quiet everywhere,

and so far today after 15+ hours, BTC with a measly $214 range … and when you

start to get conditions like this, algorithm parameters start collapsing in on

themselves, and you have to be very, very careful about minor price fluctuations

causing “false positives” … every market needs a certain level of IVIX, and right

now BTC is scraping the bottom of the barrel, and what that means for your

trading is to lower your trade expectations until the market changes and things

get more volatile.

A couple of brutal “Thelma & Louise” downdrafts in the NYSE session, that

specifically saw 2 M1”s get monkey hammered lower, no doubt on sell stops

below the last couple of day’s lows … however, both led to algorithm scalps from

the long side right afterwards, and once again patience & discipline in waiting for

BTC to “do its thing” will reward you with profit.

This afternoon at @ 2 PM EST sees the FED minutes released … not sure if this

will have an impact on BTC, but it’s there nevertheless and you need to be

situationally aware of what’s going on in the broader scheme of things … and

now that the sell stops have been wiped off the order books, the market literally

dies in its tracks … this is what’s known as the “loser formation”, cuz if you got

caught the wrong way, good luck making anything back when there’s no range to

trading for minutes on end … it’s been in about a $20 range for the last hour, and

that M1 stop hunt had a range of approximately $236 … and everybody who got

caught is now sitting there and saying, “well that was fucking cute, now what?

… how do I make any of this back”? … HINT: you don’t! … but if you had the

algorithm, you wouldn’t be in the mess you find yourself in, cuz there’s no way

you would have been long into either M1 break!

… until tomorrow mi amigos … Onward & Upward!!

Have a great day everybody!

-vegas

STORM CLOUDS FOR OIL

“Oil needs a clapper!”

Oil hanging onto the $57 handle on the delusional economic outlook of Spicoli, but

world oil demand is looking sicker by the day … OPEC in disarray, the Ruskies

cheating on production, and from the demand side the bogus “China trade deal”

becomes a bigger jke everyday they try too rally markets with bullshit headlines

… in other words, where’s the topside for oil given this?

Only problems via Iran keeps oil above the mid 50’s, but I don’t seriously consider

them a threat to world oil supplies for the very simple reason they like to live

… like most things in the Middle East, it’s bluster and bullshit on parade to either

feed your red meat support OR instill fear into your perceived enemies … it’s

simply a game.

Sad to say today, all 3 offshore brokerage houses I spoke with, won’t allow U.S.

citizens or residents to open accounts … “sure feels great being in the company

of North Korea, Iran, Syria, & Yemen, when it comes to being treated like pond

scum by the world financial community … thanks U.S. government for fucking up

practically every single thing you touch! … but, we’ll keep checking and trying to

find oil trading solutions that fit everyone.

Until tomorrow mi amigos … Onward & Upward!!

Have a great day everybody!

-vegas

OIL CONTINUES ITS PATHETIC TRADING

“Dear Oil Trader: He walked right by you didn’t he!?”

Just when you think oil may be breaking this miserable trading range it’s in, it

pulls a reversal off the high yesterday and moves back to 54 - 55, and then comes

the stick save from Spicoli and we’re back through 56 again … ughh, is all I can

say … what else is there to say? … well, our oil algorithm nailed this! … more

next week and on the Sunday blog post.

I’m outta here … until the Sunday update mi amigos … Onward & Upward!!

Have a great day everybody!

-vegas

OIL INVENTORIES & SPICOLI SAVE OIL

“Sometimes, everything is patently obvious isn’t it!?”

Round up the usual suspects for a move in oil today … oil inventories [2 of ‘em],

and Spicoli over at the FED … and Bingo, Bango, BOOM!, oil spurts pre OPEC

meeting this upcoming weekend. Quite frankly, oil inventories is like playing

roulette in Las Vegas … feast or famine, usually famine, but there are Tuesday

late afternoons and Wednesday mornings that zing the market.

Still, though, unless OPEC can seal the deal with production cuts that are real, the

$60 level is gonna be hard to crack with conviction … the world economies aren’t

getting any better, so it’s tough to see where oil demand goes higher in the short

run without corresponding economic numbers that show any growth … so far, we

haven’t seen any.

Until tomorrow mi amigos … Onward & Upward!!

Have a great day everybody!

-vegas

PANIC CITY

 

“HAL, could we stop with the insane HFT bullshit for 5 minutes!”  

It’s been a very long time since I’ve seen as much panic throughout markets, 

with insane volatility levels, maintained over a period of time lasting more than 

a week or two … except for gold, which is a basket case unto itself … it really

 is extraordinary. NADEX premiums are as high as I’ve seen them, and 

traders are pricing in insane levels of option premium to guard against risk 

… you can’t possibly pay the premiums and expect to make money, and if you 

sell it you get to cry in your beer as risk rolls over you. As I’ve said before, “we 

wouldn’t be here, in this volatility mess, if it weren’t for the incompetence, 

negligence, and utter hubris of government [read the FED] thinking they could 

control markets for policy purposes and then think nothing would ever go wrong 

… idiots, but what else is new”?

 

But, here we are in a new year that is all of three days old, and already we’ve 

had an FX flash crash, and today sees a “good news is bad news, bad news is 

good news” NFP report coming up, along with more headline panic inducing 

bullshit from FED Chief Honcho Spicoli, who’ll later today will try and blind 

us all with bullshit … he’ll speak and literally say nothing, and pundits will 

take away from his comments anything they want cuz he’s learned the fine art 

of “doublespeak bullshit” to his Wall Street base.

This week sees not only a Holiday, but FED doublespeak, an NFP report, and 

a trade scared out of their minds … intraday VIX in practically everything 

simply off the fucking charts … NADEX premiums for everything simply not 

an option [pun intended] … none of them make any “Hoover Dam” sense at all, 

and if you get in anything, it’s simply a flip of a coin whether you make money 

or not … “don’t confuse pure luck with algorithm or trading genius … it ain’t 

… and if the probabilities aren’t there, I walk, simple as that … markets will be 

here next week [I think] for us to dominate”! Most likely next signals will be 

Monday morning … could see them as early as 3 AM EST, when FX & the 

DAX30 call spreads and binaries start for the week, but if not then after 8 AM 

EST, when new series of call spreads & binaries come then.

Last night simply saw no good trades available … way, way too much risk 

premium to pay for a few PIPS and/or index points of profit … not saying it 

was unwarranted, just that it makes little sense to risk a dollar to make 10 

cents, if the market needs to go your way a 100+ PIPS or 10 index points to get 

it! So, no signals service subscriber trades today.

I’m hoping to get the call spread tutorial done this weekend, but right now I 

don’t know … we’ll see Sunday night when I post updated 20 Day Range MA’s 

for all of our markets … 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”?