I can only say in defense of markets, that the days leading up to the Easter
Holiday, and the days immediately afterward, are historically a disaster for both
ranges AND volatility … not every year, but most years … why should this one be
any different? … today taking the proverbial cake when it comes to dull, listless,
bullshit ranges, no movement whatsoever in anything I can see, but plenty of
POLS & Apparatchiks out flapping their Pie Holes going “blah blah, yada yada”.
Coming out of the Asian session, things were moving … about half an hour into
Europe, and somebody shut the lights off and markets everywhere, in everything,
went toes up … and all of a sudden you could see the M1’s go “sleepytime”, and
I wondered, “aw c’mon, again with this shit”? … why yes, again with this shit.
Afternoon in New York, and after 8+ hours of bullshit in watching Cable and gold,
I think my eyes have semi-permanently moved into the back of my head … they
refuse to even want to look at the screen … and from here with Europe closed
now, there isn’t anything that won’t be scrutinized by the virus scum of Wall
Street for “scumbaggery” … meaning their profit and your loss … and after 8+
hours GBPUSD hasn’t gone 15 - 20 PIPS either side of where I came in … think
about this for a second … in what’s supposed to be the “busiest” time of the FX
day, and you can’t even manage 15 or 17 frickin’ PIPS in one direction or the
other? … nope … and as bad in gold as well, but only there you get to see a
bunch more “mystery ticks” and spikes from hell cuz the bullion banks are
screwing people left and right … gold hasn’t even moved $4 in 8 hours … I mean
seriously, whaddaya supposed to do? … well, that didn’t last long in gold, cuz
apparently buy stops needed to get set off, so a small straight up rally to 1738,
that fizzled as fast as it went up, and now back into the flaming bag of shit it was
in before somebody somewhere got hosed “bigly & yuge” … “thanks for playing,
come again soon”! … and just for shits & giggles, the crypto space is a disaster
… “Asia flies, the rest of the world dies”, and that goes TRIPLE in crypto … the
loss of volumes and liquidity in the alt-coins is staggering just from a couple of
weeks ago … and in crypto, when things go “sleepytime” the bids / offers get
even wider, cuz nobody wants to give up an edge on anything, and by default it
makes it even worse.
So, what’s preventing me from going out and playing in the highway, is the fact
Easter season is upon us … that doesn’t mean there can’t be spikes from hell,
cuz there will be as gold just proved in spades … what it does mean is that the
probability of sustained moves are not in our favor at the moment, and who
knows when it comes back? … and U.S. interest rates [basically the 10 YR.] keep
creeping up, and while not exploding past 1.75% just yet, inflation numbers
going forward should prove to be “rough” … “when over the last 12 months, you
create out of thin air 40%+ more dollars than were in existence than before, I got
news for you, and that news is called “hyperinflation” … keep printing trillions
out of thin air, and the “U.S. of China” will be Venezuela quicker than you
realize”!
Before things went “sleepytime”, one algo buy in GBPUSD in the TURNKEY
PAMM / MAM … UP SLIGHTLY.
A little bit of bad “happenstance”, cuz if I had waited about another quarter of a
second before liquidating, the “buy fuel” showed up in Cable … not a big move
up by any means, but it would have added to yield … nonetheless, when I came in
8+ hours ago and got the first of what I thought would be multiple signals today,
now these hours later Cable is approximately 2 PIPS from where I made that
trade … yes, that’s wonderful isn’t it? … I tell ya, when shit dries up, it doesn’t
fool around, it goes comatose! … no worries, though, market will be here
tomorrow.
Over in crypto for “The Syndicate”, it’s a complete wasteland of nothingness past
the Asian session, and I have no desire to give back gains unless something is
moving … and these last couple of weeks, nothing is moving in Europe or the
U.S. … it’s a desert … nothing to do but monitor activity and wait ‘til things pick
up.
… outta here early today, this trading day is bogus … “the future’s so bright I
need sunglasses”! 😎 … Onward & Upward!!
-vegas
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