SERIOUSLY?

“Are you F-ing serious!?”

The only thing you can make any determinations about today is slippage &

latency on fills … everything else that’s non-crypto related, “fugetaboutit!”

… with the FED tomorrow afternoon, and then the ECB [along with the BOE] on

Thursday morning, today / tomorrow / into Thursday’s release will be about

squaring positions … expect bullshit moves and too tight of stops from specs

[if there are any left] to move EUR, Yen, and Cable.

Today sees PPI figures, and in “Taliban Joe’s” ‘Murica, producer price inflation is

running at 10% … well, that’s the official “propaganda” number, but you and I

know it’s a helluva lot higher than that! … no worries, the U.S. will just keep

printing more money to cover the Grifters, so they don’t get hurt, but the middle

and lower classes will get walloped! … what did you expect? … everything Biden

touches turns into shit almost immediately, so why the inflation surprise? … he’s

never been right about anything in his entire life, and if you don’t believe me

check the record … FJB!

Today sees us in EURUSD … and right out of the gate near the European open,

it’s a straight up shot of about 35 PIPS to a new high for the day over about 90

minutes … you couldn’t buy a correction if you had cash! … but of course, once

the high is in, it takes a nice journey the rest of the day to a new low for the day

before coming back some into the middle … a double reversal on nothing but

bullshit … ranges everywhere below their respective 20 Day Range MA’s, which

is to be expected, given the clusterfark that’s coming with tomorrows FED

meeting and Thursday’s ECB fiasco … question is, which set of Lounge Lizards

are bigger idiots? … that’s a tough one!

Here are the economic reports I almost always avoid … NFP, CPI, PPI, retail sales,

and FED & ECB meetings … today sees the PPI print, which is the HIGHEST EVER

FOR THE U.S. … nice job “Taliban Joe”, you can ALWAYS be counted on to fuck

things up, and it hasn’t even taken you a year!

Some pretty lackadaisical action in EUR today … the Asian session had the most

algorithm signals, while both the European & U.S. sessions lacked in volumes

… only one algorithm buy signal in EURUSD, post PPI numbers, and from there

it’s been a death march lower the rest of the day to the new low for the day on the

double reversal … natch, that new low couldn’t sustain itself and EUR rallied some,

and into the New York afternoon it’s about 5 - 10 PIPS off the low just chopping

around looking for victims … TURNKEY PAMM UP VERY SLIGHTLY.

Had no problems with fills or latency in EURUSD, and the spread most of the day

has been 0.1 - 0.2 PIPS with no commissions … wasn’t expecting any cuz this is

one of the “bread & butter” markets for Turnkey and they usually are within the

top 5 brokers for conditions in EURUSD … tomorrow most likely to remain very

quiet into the 2 PM EST release of the FED meeting on interest rates … the

“tapering” and how fast will be of prime importance, along with the “dot plot”

of rate increases, although I don’t pay much attention to the “dot plot” projections

cuz they are notoriously wrong … so, we’ll see what happens.

Watching EUR very closely today, and I very much like what I see operating

“under the hood”, in what looks like very limited markets in terms of scope of

range … and that is true, but I’m looking for specific conditions via the algorithm

that come right before “buy fuel” shows up … today we got one, but on a normal

day, meaning not waiting for Lounge Lizards, we’ll get between 5 - 15 good signals

in a 6 - 8 hour stretch … cuz of today’s unique conditions in the “hurry up & wait”

environment we’re presently in, the “buy signals” that missed came mostly from

no confirmation to the upside … and that means conditions were worse than thin

… onto tomorrow’s FED meeting.

Over in crypto, the only saving grace is the fact that it’s not being manipulated

by banks, so you’re gonna get corrective activity which you can take advantage

over … multiple trades in ETHUSD today for “The Syndicate”, and we’re UP

APPROXIMATELY 0.2% … a grinder day to be sure, but the bounces not

“bouncing” like normal off bottoms, and sentiment has shifted in crypto to short

term bearish … ETH in better shape than BTC, and we’ll see if what the FED does

tomorrow has any bearing on crypto … not sure that it will, but nothing surprises

me anymore in this space.

 … outta here … “The future’s so bright I need sunglasses!! 😎

… Onward & Upward!!

-vegas