OIL GETS CLUBBED AGAIN

“Of course, he’s talking about oil!”

Another inventories clubbing in the oil complex … another day coming in to a wild

range before the sun even comes up … and of course, another day of bullshit

bid/offer spread manipulations by scumbag oil LP’s … all in all, another average

day in crude oil.

Spreads were decent, at 3 cents, most of the morning at Coinexx … then the oil

inventories report at 10:30 AM EST, and all hell broke loose to the downside

… since then, spreads complete shit, doubling to 6 - 7 cents … why? … cuz they

can that’s why, and give them any reason under the sun to raise spreads and

fatten their wallets, and they’ll take it at our expense.

Nothing we can do when spreads go berserk … nothing … but I have a solution I’ll

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

Have a great day everybody!

-vegas

SUNDAY UPDATE: THE GREATEST MARKET

“What’s the one market that can deliver this bag pronto!?”

Well, Friday’s blog post turns bare the “lies = truth, freedom = slavery, & we

have the tightest spreads in existence” bullshit permeating the online trading

sector … and nowhere does this show up in greater abundance than crude oil

… “in reality, nobody gives a rodent’s donkey if your EURUSD and/or

USDJPY bid/offer spreads are 0.00001 [1/10th of a PIP] different from one

place to another … unless your trading in the millions, and 99.999% of you

aren’t, it simply doesn’t matter … not true in crude oil … even a 1 cent

differential in the spread from others, and in a small account of $500 trading

twice a day for a year is the SIZE OF YOUR ACCOUNT you’re handing the

scumbag LP, it really does matter.

So, when you start seeing 2, 4, and then 13 cent differences in bid/offers from

house to house, it begs the question, “WTF is going on here”? … and right

now, I’m trying to hold Coinexx’s feet to the fire, and wanting to know why

their spread in WTI crude oil isn’t near to the same as PLUS500, which is

2 cents 99% of the day, regardless of the time … Asian, European, U.S., and

even late U.S., they’re right at 2 cents … and with no commissions AND

OPTIONS TO BOOT [puts & calls] … so, what the hell?

Forget places like Turnkey, LMFX, & LQDFX … they’re so far out of the

ballpark, they are even worth considering … of course, they’ll lie to your face

and tell you straight up they have the tightest spreads in the industry, but

when called on the carpet with proof, they strangely fall silent … “STFU and

trade Sheeple”!

So far, I haven’t heard back from Coinexx, which every CS rep says they

respond within 24 hours to emails, and it’s been well over 72 hours and I got

NADA … “well, let’s play stump the dealer shall we”? … I’ll keep you posted.

Normally, this wouldn’t be an issue, cuz when I was first notified by

Cousin IT of their oil spreads at 3 cents, AND they accept U.S. clients, I

watched them for over a week … and sure enough, 3 cent spreads … Ok, I

drop some crypto into them, and since then I haven’t seen 3 cents to save my

life … WTF is this!

And, I’m fully expecting to hear some irrelevant bullshit from them very

soon … like, 1) we don’t set the spreads, or 2) “duh, market conditions, duh”

… the same horseshit you hear from Turnkey on every occasion about fills,

price, and/or spreads … yea well, that’s not gonna fly … doesn’t PLUS500

have the same oil market we do, or are they trading Martian oil? Do they

not have the same conditions as us? … Ok then, go out and 1) drop the

assholes who are ripping us off now, and sign up with same oil LP’s that

PLUS500 has … I dunno, doesn’t seem that complicated. So, we’ll see this

week what they say.

In any event, I’m presently trying to cut some deals with other offshore

houses to trade oil … just speaking for myself, I’d be at PLUS500 in a

nanosecond to trade oil there if I could … problem is, they don’t accept U.S.

clients and/or corporate accounts [meaning no IBC’s from tax havens], AND

they take no crypto for deposit/withdrawal [meaning, both have to come into

or out of a bank account].

For now, Coinexx is it … but rest assured, either Coinexx gets their shit

together OR I’ll find the very best place we can trade oil … it might take

some additional weeks, cuz we got an awful lot of ground to cover and people

to talk to, but it’s worth the investment in time and man hours … why?

… EASY PEEZEE: “oil is the last free market on earth from government

manipulation … and outside of emergencies in the oil biz, like a free fall

collapse, seen in February 2016, or a scenario where somebody like Saudi

Arabia has a coup and the kingdom is overthrown and prices spike to well

over hundreds of dollars a barrel, governments per se leave it the hell alone,

cuz they would have to take or make delivery … oil is a DELIVERABLE

commodity, unlike everything else where governments can and do use the

CNTRL-P button to manipulate outcomes … this last week a perfect

example … oil goes full retard nuts, and the SP500 doesn’t … and you can

chalk that up to manipulation.

Therefore, it should follow, that oil trades very much inside the “fear/greed”

cycle, we used to see regularly in all markets before the FED got their sticky

fingers into everything … make no mistake, markets have ALWAYS been

subject to manipulation by those with superior bank accounts and “inside

information” … sometimes they worked and mostly they didn’t … but what

you never saw was the government stepping in for social policy and overtly

manipulating markets like they do today … hell, they don’t even hide it

anymore!

Granted, I completely understand the necessity of a 1 lot futures

contract = 1,000 barrels of crude … between Brent & WTI, these 2 futures

account for futures volume most days of between 2 and 3 million contracts

… it’s the largest used commodity in the world … but I also understand that

more than 90%+ of all traders can’t afford the 1 lot futures contract, without

going belly up in 10 minutes if they are wrong … the demand for tight

bid/offer spread CFD’s should be a “no brainer” for the trading public

… especially so, for those wanting and demanding a non manipulated

market. When SHTF, like it has these last couple of weeks, just look at the

ranges WTI & Brent put in … unreal! … problem is, though, right now the

vast majority of the day sees bid/offer spreads blown out, and unless we want

a horrendous spread to get into a position, we have to wait for late

Europe - U.S. session, and then no later than about 1:30 - 2:00 PM EST, when

the spread blows out again into the day’s close … this is bullshit.

Directly below, this week’s 20 Day Range MA for WTI Crude Oil.

click on chart to enlarge

A dramatic increase from a few short 4 - 5 weeks ago, when the world bought

into the China trade deal scam, and traders over positioned themselves long

the market, on the belief oil demand would be rising, along with curtailed

supplies cuz of Iran & Venezuela sanctions … “yea, didn’t quite work out that

way”!

Well, onto the oil week … we’ll see what happens with Coinexx bid/offer

spreads, and whether or not 4 cent MAX can be maintained … hope shit

settles down and we can return to 3 cents … that rate rivals the emini at the

CME and actually turns into our favor … 4 cents and the equation changes

slightly to the emini’s favor … 5 cents and greater, and your nuts if you trade

it … we’ll see what happens … until tomorrow mi amigos

… Onward & Upward!!

Have a great rest of your weekend everybody!

-vegas

CRUDE OIL: FREE MARKETS LAST STAND?

“Do you think these kids grew up and became Snowflakes!?”

Today sees a marked increase in oil VIX, as inventories balloon higher, and

it’s becoming painfully clear that China is walking away from any trade deal

… and that means lower world oil demand and lower prices … and judging

by the way the WTI crude oil CFD is responding today, traders are hitting

the exit gates from bullish positions and/or getting short.

We also have seen bid/offer spreads go up today … more along the lines of 4

cents versus 3 yesterday at Coinexx, and where Turnkey is simply not in the

same league. 4 cents doesn’t provide as good of a deal, naturally, but anything

5 cents or more and you have to walk away from the market, cuz you’re

giving too much up … oil simply isn’t worth it when bid/offer spreads are 5

cents and above.

With a 3 cent spread, Coinexx’s CFD actually is a far better deal than the

CME’s e-mini oil futures contract. Remember, the e-min is 500 barrels [½ the

size of the regular contract], and trades in 2 ½ cent minimum tick size.

Looking around at the various futures brokerage houses, about the best

round turn commission rate you’re going to get is about $1.25 per side, or

$2.50 per round turn. However, if you trade futures in energy, you have to

pay the CME price feed, which runs about $50 - $60 per month, unless you

trade more than 500 contracts per month. Do the math and the CFD is a

better deal. At 4 cent spreads, the math is slightly against you, but not a deal

killer, and remember the round turn commission at Coinexx is ⅕ a cent, so

it’s not anything that matters.

But the real question is, is oil the last free market [kinda] left to trade,

without overt manipulation? … and the answer is YES … granted, you got

tin horn dictators and the OPEC crew that do their best to produce as much as

they can, while talking out of the other side of their mouths and talking

production cuts … so yea, there is some manipulation from Vlad and the boys,

but there isn’t any government manipulation from the FED, and that’s a big

plus and a very big reason to trade the CFD.

All the other financial markets are manipulated to their teeth, but oil remains

resilient cuz 1) it’s the world’s largest commodity by far, and 2) you actually

have to take delivery of, or take possession of, any oil you buy or sell if you

hang on … meaning, it’s NOT cash settled and can be manipulated via the

CNTRL-P button and washed through the scumbag LP banks, with nobody

seeing the manipulation. Way too many eyes that would see actual oil change

hands if they decided to get their hands dirty.

And while I already mentioned the CME price feed fees you get to pay, for the

privilege of trading their futures [cough, bullshit, cough], another reason to

avoid the futures exchange and go offshore for the CFD, is the fact there are

no reporting requirements to the tax authorities … not encouraging anything

as regards to taxes, simply stating a stone cold FACT. Of course, the reason

most of the world trades CFD’s and avoids futures, is that CFD’s are

considered as legal bets [hence, the term “spread betting”], and therefore are

tax free most places. Why trade futures and pay taxes on gains, when you can

trade the same “Hoover Dam” thing as a CFD and it’s tax free? … duh.

As we move into the afternoon trading, WTI hanging around 61.00, which is

the low end of this range we’ve been in for a month … with a $2 range today,

more than likely we won’t see further downside action … but who knows with

oil … tomorrow becomes more interesting, though, as we’ll see what China

does overnight and how Europe handles their open for Brent … until

tomorrow mi amigos!

Have a great day everybody!

-vegas

THE ILLUSION OF FINANCIAL MARKETS

 

“Running bank trading desks 24/7!”  

Welcome to the Monday version of the latest “shitshow circus”, where nothing 

moves unless there’s a reason for it to move, and that reason given emphasis 

by Pols & Apparatchiks … of course, if their lips are moving they’re lying 

… we all know and understand this … the game isn’t to speak the truth, the 

game is to get markets to move on bullshit that can be taken advantage of and 

profit from as many times as possible … and in today’s markets, big money 

isn’t gonna move unless they feel reasonably assured they aren’t gonna get 

hung out to dry … so, no news, no volume, no liquidity, and markets sit.

As I pointed out yesterday, there isn’t a market out there where its 20 Day 

Range MA is sloping higher … they are ALL pointing lower, meaning volatility 

is getting wrung out of the towel by the banks … probably got some more to go 

before people wave the white flag and give up, and again I’m posting the  

“Brexit” schedule of events directly below … on and around these dates 

there’s likely gonna be fireworks.

 

click to enlarge

GBPJPY downright pitiful today, the third in the last 4 trading days … it’s 

been nothing but melting ice for almost a week … EURJPY slightly better, 

where earlier this morning in early New York there were some small profits to 

be had in either the “volatility call spread strategy” or the “synthetic Christmas 

tree strategy” … at least there was something there, but EURJPY has been 

slow for weeks now, ever since the Yen flash crash on January 3rd.

Oil & the stock indices continue to get wrecked by inaction … the premiums 

here still way too high for any trades … it simply doesn’t make any sense to 

pay for volatility day after day, and then not get it. Monday’s and Friday’s 

being the worst days lately, hopefully tomorrow [Tuesday] sees us move some.

There isn’t anything we can do about the banks manipulations in all of these 

markets … right now, they’re wringing premium volatility out of the 

marketplace … we simply can’t force anything cuz it won’t work … patience 

grasshoppers!

And with that, 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”?