“All day, every day … the lies, deception, hypocrisy, & agenda move forward!”
While the U.S. wallows in the throat deep shit of POLS, societal decay, and the
loss of personal freedoms … “cuz, you know, it’s for the children after all”
… the business world happily tags along for the ride. That financial trading is
as corrupt as Congress should be no surprise, but very little of the “inner
workings” of trading is ever written about or discussed … remember the
“shitstorm” caused by Michael Lewis’s book on HFT’s in the stock market,
“Flash Boys”, 2014?
There are some things you just don’t need to know, so says conventional
wisdom. That’s the “wisdom” doing the stealing … and they don’t really want
the exposure of sunlight on their operations, for the exact same reasons POLS
don’t want you to know where their campaign money originates … boiling this
down to financial FX trading, the largest single market on earth by volume
each day, and ripe grounds for “scumbaggery”, and the scumbag LP banks
1) will not discuss their operations to ensure customer transparency, 2) will not
disclose how their computer systems allocate orders for execution, and
3) refuse to let client brokerage houses divulge which bank LP executed your
order. In other words, “all animals are equal, but some are more equal than
others”.
Today sees the mighty FED jump into the mix of sludge, thus ensuring
scumbag LP banks have the opportunity for the usual graft, bribery,
& corruption that accompanies their interest rate announcement at 2 PM EST.
… “you do realize I hope, that the 60 seconds after the report, is fertile ground
for manipulation & theft, that makes the famous Brink’s Train robbery look like
“chump change” in comparison? … Why can’t all economic and interest rate
decisions be released on Friday evenings after the markets are closed? … this
would give all parties the entire weekend to dissect the “fine print” and make
rational decisions about trading any particular market … well no, that’s no good,
cuz there’s no opportunity to “stick it” to large traders and other institutional
types, as well as the retail spec chumps, and make off with some free cash
… from the point of view of the crooks [cough, banks, cough] this is blasphemy!
… it’s our sovereign right to steal money fair & square! … besides, once they
steal it, it gets distributed to POLS, regulators, government agency Apparatchiks,
bank traders, and brokerage house execs in various means and forms … thus
tomorrow through Saturday, all over the U.S., Mercedes Benz dealerships will see
buxom 20 something year olds buying “shiny new red ones” with cash … simply
hang out at your nearest dealership and then follow the babe and the money and
eventually try not to be too shocked … again, “all animals are equal, but some
are more equal than others”! … and now, you know the real reason economic
reports don’t come on weekends when there is no trading and markets are
closed … any other explanation is pure 1984 & Animal Farm bullshit.
Turning to today’s EURJPY market … all eyes on 2 PM EST, and what 2019’s
“dot plot” says for further rate hikes … a complete “shitshow” of
“scumbaggery” from the likes of Squid, JPM, & Citibank will be on tap during
the first minute or two, with the “slippage meter” set to “∞”, meaning of course,
“what won’t get us indicted”, which leads ultimately to “how much can we
steal”?
Up ‘till then, expect the usual array of mystery spikes up/down, as banks front
run corporate orders for profit, using the bank’s prop traders as go betweens
… this of course, is where the “bags of cash” come from that show up in a
regulators and/or Senate Finance Committee persons garage “unexpectedly”,
and of course also fuels the Cartel drug trade … “hey, it ain’t easy being a bank
prop trader … high pressure … got to be “wired for sound” 24/5 … and how do
you do that? … OK, then”! In other words, just another day in “manipulation
heaven” for the banks, until 2 PM, when SHTF and thieving goes into
overdrive.
Natch, I understand Newbies to trading, and there “ill at ease” feelings about
what I just said … “you need to pull yourself away from the propaganda you’ve
been fed by the financial press, B-schools if you went to one for your now
worthless degree, and the notion that everything is “fair” when it comes to
markets, and wake up and smell the coffee”. FX is a $7+ trillion dollar a day biz,
by far the largest market going anywhere, dwarfing anything else that comes in
second place … banks are the middlemen for everybody, providing the clearing
and “liquidity provider” [hang on a sec, I got to get the breakfast that I just spit
up out of my throat, on the mention of liquidity providers] functions … how
come NONE OF THEM EVER GET INTO ANY FINANCIAL TROUBLE?
With the annual quadrillions of dollars flowing through them, it just proves my
point WHEN ALL OF THEM make money from trading operations, that just
coincidentally pay all the bills worldwide for everything they do. “You want free
banking, free checking? … branches on every corner? … 24/7 customer service?
… nice, shiny branches with big lobbies and friendly personnel [cough, cough]?
… who and what do you think PAYS for this? … EASY PEEZEE: FX
“scumbaggery” pays for it! … without it, it wouldn’t be there cuz it costs too much
to fund and operate”. Think of this, next time you wander into some order for
“shits & giggles”.
A little less than 3 hours to the end of the FED hell … as you can see from the
action, not anything here but idiots and those who want to be idiots, as banks
yo-yo this stuff up/down with impunity, on their way to front running any
corporate orders flowing in for the pickings … “oh, it looks so good at 80 to buy
… oh, it looks so bad at 60 to sell … oh, your chain is being yanked by banks to
get you to do “stupid shit” … sure, everybody wants to make money, but doing
‘stupid shit” before a FED announcement ain’t the way to do it … most days, it’s
good to be a gangsta”!
“WTF is this? … That’s it? … we waited two fucking days for this? … talk about
clueless, it looks very much like Squid & the boys got some selling to do, otherwise
we’d be rallying … still, I can’t really do anything without any movement, and
right now 15 minutes after the release, intraday volatility is low … very low
… hell, they can’t even generate a 20 PIP move in a cross … Oy, is an element
best avoided”!
I’m seriously wondering, just what the hell is it going to take to get USDJPY to
F-ing move? … what? … these 20 and/or 30 something PIP daily ranges are
pathetic, especially when you consider its 20 day range MA, which currently
sits at 55.6 PIPS … hell, we can’t even almost get to 50% of that! “Next up is
Spicoli’s presser, where I’m sure if he tries he can put his foot in his mouth and
say something stupid … otherwise, I’m afraid this 2 day wait was for nothing in
EURJPY”.
And for those wondering, just like with Super Mario, sometimes the “news”
isn’t in the announcement, but the presser … “and I’m sure Squid & the boys
will make honest and fair markets while Spicoli speaks bullshit and puts people to
sleep … stops look the hell out … either side, there apt to get run now that his lips
are moving … but hey, Everything Is F-ing Awesome Baby!”, remember?
… propaganda much”? And, it looks as though longs are getting taken out back
and shot … strip away all the bullshit, and today is nothing more [so far] than
the infamous “Flying Wedge of Death” [FWD] making yet again another
appearance … oh fun, oh joy.
It’s been an hour since the FED release, and what we’ve seen is a little up,
followed by a little down, with the FWD inside a tight range. At 3 PM, with
little time left to the close, this day has become a waste … whadday gonna do?
I’ll probably be up some tonight in Asia, to see if there is any follow through to
any of this … if not, it’s biz as usual tomorrow. Hopefully, we’ll get some algo
signals when EURJPY eventually moves … nothing I can do until then, the
market simply is what it is, and it doesn’t ask me for advice [which is
unfortunate, cuz I’d make a helluva market dictator!].
So, no PAMM trades or C2 advisory signals today … until tomorrow mi
amigos … Onward & Upward!!
PAMM Spreadsheet directly below.
click to enlarge
Have a great day everybody!!
-vegas
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