It shouldn’t be “OK” … but by now everybody and their brother can see all of the
distortions, and marvel at the hubris of a bunch of Morons fixated on the
“Spoos”, and the “correct” thinking you should have … FX is so bad, all you
gotta do is look at the EURUSD daily candle chart, and laughter erupts
everywhere … bottom line is that everything that is “financialized” into some
sort of “cash settlement” horseshit, is manipulated by the FED & the CNTRL-P
machine … actual phyz commodities like copper, Natty Gas, and crude oil and
it’s a different story … how many times I gotta say this? … the FED’s CNTRL-P
machine can’t produce or deliver a barrel of oil.
Overnight we’re treated to the classic overreaction by the Chuckleheads & Mrs.
Watanabe & Gal Pals in the Asian session, as they awake and see the carnage
from the U.S. … and of course, like lemmings over a cliff, they panic sell … just
what the manipulators love to see right before a sizable bounce … it’s like it’s
ingrained in their DNA to be Chumps, cuz they can’t stop themselves … and like
rats in a maze, they run the direction they’re told to run, all the while running and
thinking it’s their idea … never crosses their mind the whole process is a
“Manchurian Candidate” shitshow circus and they’re the Chump at the poker
table … I doubt it will ever change.
Have the “Trading Gods” been bought off? … you know the ones … they sit
invisibly in the 4th dimension, most often right above your head and then laugh
themselves silly as you buy highs and sell lows [that’s the laughter you
sometimes hear] … and as the sun rises in New York, a glance at the EURUSD
daily chart makes you wonder … 9th day in a row of pure bullshit trading action,
where nothing is sustained longer than about 3 minutes before abruptly
changing … and we can thank scumbag banks screwing order flow for that, as
their illegal prop trading operations via tax haven accounts gut pretty much
every institutional order crossing a banks desk … nothing to see here Sheeple,
move along.
Here just before the criminal, money laundering NYSE open, this might be the
most pathetic EURUSD trading day I’ve ever seen outside of an excusing
impending Holiday … quite frankly, I don’t even know where to start with this shit
it’s so bad, and as I said yesterday IMHO the YEN is OVER up & until 131.500 gets
taken out on the upside … until then it’s a deathtrap of chop, with the potential to
walk lower over time [USDJPY lower] … this whole YEN move lower reminds me
of the “Trump reflation trade” when he got elected, and USDJPY went from 104 to
just over 118 … that took just a couple of months … then it spent over 4 years
going back down the hill, into the hoax pandemic bullshit … as for EURUSD, it’s
incompetence & stupidity on steroids from the E.U. that hampers trading
… Pepe Le Pew would be a fine [French of course] E.U. mascot, but the stench is
probably even too much for him.
Dead cat bounces everywhere, especially “Stock Bellies”, as the banks engineer
a relief rally to unload back to the spec public, shit they bought yesterday on the
way down … what the specs do with this stock garbage is now their immediate
problem, one which over the last hour or two is becoming toxic … inflation
numbers tomorrow, and if those don’t move FX, then the whole space might be
doomed to everlasting chop … oil can’t be trusted at Turnkey, and the entire
“Stock Bellies” complex there is most likely the WORST BY ANY HOUSE
OFFERING TRADING … phantom spreads, gigantic slippage off market fills, you
would do better to play Slots / Keno in Las Vegas … onto tomorrow, and how it
could be worse than today for EURUSD might be impossible … no trades today,
as VIX is so low it’s laughable … Europe mercifully closing now, what a frickin’
joke … for a major market, this is just embarrassing.
… outta here … “The future’s so bright I need sunglasses”!! 😎😎
… Onward & Upward!!
-vegas
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