When God pulls His blessings from a nation [read Romans], 3 of the biggest
manifestations that occurs are 1) His protection from evil, 2) dramatic increases
in sexual perversion & immorality, and 3) the elevation of corrupt, immoral, and
evil “leaders” … “well, take a look around the past 50 years, and tell me it doesn’t
get WORSE EVERY PASSING MONTH! … look at the “Puppet Doorknob” we got
now, the pathological liar, a completely corrupt hypocrite with blood all over his
hands, and he could care less … the “devout Catholic” [so he says] who
champions abortion cuz he needs their votes … a person who’s been in the
D.C. “swamp” for almost 50 years, feeding off of the government tit to enrich
himself & family at public expense, while doing NOTHING"!
And it doesn’t stop with Preezy Idiot Boy … Dwight Eisenhower warned in his last
day as Preezy in 1961, in an address to the nation, to beware the rise of the
“military industrial” complex … a warning that is truly prophetic … EXIT
QUESTION: “how does the mightiest superpower on earth go 20 frickin’ years, at
war with goat herders in pickup trucks, and not win in about 2 days”? … EASY
PEEZEE ANSWER: “It was never meant to “win”, it was meant to be a gigantic
money laundering machine, where public money [about $2 TRILLION!] ends up
in the hands of the many “connected” participants of the scam … all at the
expense of the military personnel who sacrificed everything believing bullshit
… the many thousands upon thousands of lives lost or severely injured, ALL
BASED ON LIES by people like Preezy idiot Boy … oh, they care soooooooooo
much! … sure, they care about the money … and so here we are, suffering under
the absolute idiocy of a demented Dope … it can’t be “fixed”! … getting rid of him
only brings a bigger Dope in the “Manchurian Candidate” VP who nobody sees
or hears [and for good reason] … and it funnels right down into financial markets
where the corruption continues unabated for all to see … as an individual, there’s
nothing you can do to stop the slide into oblivion and the utter destruction of the
country … NOTHING … our only hope as individuals is to rise above the utter
immoral filth, corruption, & “grifting” by the globalist elite and their puppet
leaders, and RESIST!
Oh boy, it’s another “most important report evahhhhhhh!, NFP Idiocy Day”!
… and quite frankly, looking at “markets” [cough, bullshit, cough], either the FX
market is lying or crude oil is lying … we’re gonna find out which one here
shortly … meanwhile over in crypto, ETH on fire as it’s approaching $4K, and
rightly so … and when the ATH is taken out around $4400, there isn’t gonna be
anything holding this puppy back from going to $10K+ in the next year or two
[or maybe sooner].
Notwithstanding today’s NFP and all that it brings to the table when it’s released,
over the last day or two, both Cable & EUR have started to show some M1 life
… not showing up in the ranges yet, but the intraday trading action is starting
… starting … to get better in terms of “trading action” … quite frankly, it couldn’t
get much worse than what we saw in July & August, 2 of the worst months I’ve
ever seen in FX that I can remember, so the “bar” isn’t very high for an
improvement … nonetheless, it’s something to hang our hats on as we go forward
into the Fall and beyond … higher ranges usually are supportive of better trading
action than lower ranges … usually … not always under every circumstance, but
usually … today so far, pre-NFP, the trading action has been what I would call
“acceptable” to trade EURUSD & maybe Cable … is it simply pre-positioning
before the report and then it dies, or is there more at work here? … I’d have to say
for right now, it’s about 50/50 on that proposition, so we’ll see … but, trading
action like today so far, will bring me back to EURUSD, and by extension Cable &
GBPJPY, to trade for the PAMM … as I said, we’ll see if this can continue.
Well, that escalated quickly didn’t it? … “bigly & yuge” sigma miss on jobs to the
downside … first screw the shorts [2 minutes], then screw the longs [7 minutes],
then fiddle fart around into the minutes before the “London Fix” … and while
trading action is better, the ranges are downright pathetic … 40-ish PIIP ranges
across the board, and i’m tellin’ ya, this absolutely sucks .. a huge sigma miss and
this is the best you can do FX? … meanwhile, the oil LP at Turnkey has decided not
to play today, with another day seeing 6 cent bid/offer spreads for no reason other
than greed … “great, enjoy all of that revenue from zero trading from accounts”!
… a bigger bunch of thieves you’ll be hard pressed to ever find … OK, screw ‘em
if they don’t wanna play today … gold not doing much since the NFP report,
hashing around in a few bucks range killing longs/shorts with bullshit slippage
I’m sure … gold is simply a HORRIBLE trading vehicle, with 1) too big of a
spread, 2) uncontrollable slippage, and 3) as a result, shit fills … I was gonna
mention yesterday but I forgot, I’m returning the SP500 CFD at Turnkey to the
trading mix … and the reason I’m doing it is cuz going forward I see much more
tradeable action in the SP500 than what we’ve seen for months on end … which is
mindless FOMO from millennial BTFD-er’s at RobinHood … plus, it’s one of the
few, if not only, CFD that Turnkey is trying to attract biz in, and of course to do that
you need an LP that doesn’t screw people … and my attempts here recently in the
SP500 have had favorable results in terms of fills & latency, and so I’m happy
with what they’re doing there … btw, the same can’t be said of crude oil.
Europe closing now at the “London Fix” and this is literally embarrassing
… here’s the rundown after a huge NFP miss … EURUSD an approximate 43 PIP
range, Cable with a 49 PIP range, & USDJPY with a 47 PIP range … wait, WUT?
… man-’O-man what a frickin’ joke … btw, USDCAD with a 63 PIP range, but it’s
all over the place with reversals today … go figure … I dunno, what perks this
crap up going forward? … what? … I guess we need to go to 6 decimal pricing so
it looks like it’s moving! … leaving aside 1) very few specs trading it cuz most
have left for crypto, and/or 2) blatant central bank manipulation via the scumbag
LP banks, I don’t know what gets this junk moving again.
The trading algorithm is calling the turns “perfectly”, but what good is that if the
turn keeps me in a trade for 20 minutes and after all is said & done I make ½ a
PIP? … or, I’m forced to buy a green spike higher that’s moving up fast? … any
clue where the “oh so fair & honest” scumbag LP is gonna fill me? … I’ll tell you,
right at the top of the M1, that’s where … all of this in an environment where,
especially on days like today where there is “bigly & yuge” econ news that’s a
sigma miss to boot, you keep wondering as the clock ticks away, how long can
they keep this small range shit up? … you get a buy signal down near the low,
and the key question becomes, “do I believe the range stays this tight or not”?
… and quite frankly, I have a very hard time seeing this continue, but IT IS AND
HAS FOR MONTHS! … going forward, I’m most likely going to watch simply
EURUSD, cuz it’s low ranges are expected, and it’s the pair you can play
“chicken” with the banks by saying to them in essence, “Oh, you gonna expand
the range here? … no, I don’t think you are … PROVE ME WRONG BIG DOG!
… on the trading floor we used to call this “trapping the bottom”, and it was
successful the vast majority of the time … from that standpoint, EURUSD makes
the most sense of the FX pairs.
Oh, now I see here at London Fix time that the oil LP at Turnkey has ditched the
6 cent spread and now it’s 2 - 3 … yea well, sorry I ain’t playin’ your bullshit game
of “get me in at a 2 or 3 cent spread, then blow it out and now I get to liquidate at
6 or 7” … screw that.
Europe closed now, so here we see again another day of simply terrible FX
trading action … another amazing coincidence of the “Fix” seeing spikes higher
into 18:00 server time [see my shocked face, what a joke] … the only saving grace
is that M1 volatility is slightly better, and if I had taken the signals in EURUSD,
instead of thinking ranges have to expand, THEY JUST HAVE TO! [but didn’t], and
ignored the more so called volatile pairs you’d expect bigger ranges [hello Cable,
GBPJPY, and to some extent CAD], I’d have to back up the “Brinks truck” to deliver
the money! … this just proves that while range is important, it’s not as important
as M1 volatility during the European & first half of the U.S. session
[about 8 - 10 hours], and regardless of the 20 Day Range MA in EURUSD being
only approximately 48 PIPS [which is atrocious], M1 volatility this entire week is
UP about 30% - 50%+ versus previous weeks! … let’s hope this trend continues.
Even the “Spoos” today not that volatile … wait until the banks can’t do
“buybacks” going into 3rd Qtr. earnings, along with a dearth of FED speaker BS
into the FED meeting here in September … cuz all of the buying that has sent the
"Spoos” into record territory these last weeks has come mainly from bank
buybacks … like I said, we got “stagflation” in buckets, and with Preezy Idiot
Boy’s “leadership”, it’s most likely gonna make for some volatile “Spoos” trading
in the next 4 - 8 weeks.
So going into next week, Monday is Labor Day Holiday in the U.S., but that won’t
affect much in FX, and as far as I’m concerned is when the month starts … my
main focus for the PAMM is gonna be EURUSD, WTI Crude Oil “IF” the spread is
acceptable and it moves, and that’s a very big “IF”, and “Spoos” if trading
conditions allow it … if not, then it won’t get traded after EURUSD shuts down in
Europe, simple as that … and if the idiots in crude don’t stop with these “spread
games”, then I’ll send crude packing to the graveyard … but even if I have to do
that, there should be enough in EURUSD & “Spoos” to give us the results I want
to see … so, that’s the game plan.
No trading today for the Turnkey PAMM.
As long time readers know, I’m no fan of NFP Friday’s … never have been, never
will be … they could just as easily release these figures on Saturday and give
traders / investors the opportunity to mull over the figures … but they don’t cuz
it’s one big “Grifter gift” to the scumbag LP banks, and after the 5 minute “skim”
from Dopes playing the news, the usual suspects of POLS, Apparatchiks, &
regulators get their cut, and STFU and “Look over there! … A squirrel”! … but, if
there’s some kind of tradeable action after about the first 20 - 30 minutes into the
NYSE open, then it’s a different story … unfortunately, these last years have seen
order books get blown out on NFP Friday’s, and by the time the NYSE opens
there’s nothing there … maybe a few minutes of trading, but for the most part it’s
a desert in search of water! … and today’s NFP idiocy fit right into that mode to
a “T” … especially in FX … OK, I’ve dealt with this before, and the only solution is
to sit back, relax, and make these markets show you something … guess what?
… they didn’t! .. so, onto next week, where I can assure you PAMM action will
pick up dramatically.
Over in crypto, a very wild day in BTC … I’ll be picking back up trading BTC for
“The Syndicate” here shortly … meanwhile, our holdings in ETHUSD just get
better and better!
Blog update on Sunday … outta here … “the future looks so bright, I need
sunglasses”! 😎 … Onward & Upward!!
-vegas
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