With the faux outrage over Ukraine having ALMOST been milked dry, not the least
of which they ran out of Ukrainian flag lapel pins for Hollywood Elites, and most
importantly all of the POL Grifters [both parties] having received their kickback of
weapons system sales, it’s time once again to shift the Libtard “moral goalposts”
and use the occasion to … what else? … raise more money, cuz without your
$10 that you need to send us IMMEDIATELY, more babies will actually live and
what a sad world that is, amirite or amirite?
Never mind that your “standard bearer”, one “Taliban Joe”, actually was against
abortion when it was deemed politically convenient … but over time dark money
political contributions, getting votes from who knows where on demand, and
suddenly the guy in diapers is a hero to the Left … if it wasn’t for double
standards, they would have no standards.
Today is inflation numbers day … and the entire world is watching to see if the
U.S. takes the next step towards Venezuela … the consensus among Wall
Street’s “wizards of smart”, is that inflation cooled a bit … how much doesn’t
matter as much as the headline “it’s better than last month” so the POLS can
crow “inflation is over”! … nothing to see here Sheeple, we got it all under
control … see how smart we are!?
EURUSD for now, stuck in a bucket of shit for the 10th day in a row, and let’s
hope there’s some kind of surprise in the numbers that wakes the Hell up a
sleepy FX market … probably, we’ll see.
Welp!, the “wizards of smart” wrong again … instant & immediate 1) collapsing
prices, and 2) blown out spreads … is there liquidity in anything? … there
doesn’t appear to be and it’s 45 minutes after the stupid report! … and by the
looks of the bullshit spreads at Turnkey, plus their infamous slippage,
“protection” sought by the scumbags who claim to “make a market by providing
liquidity” [what a joke this has become], nobody really knows WTF is going on or
where the next price gap is gonna be … could be big up or could be big down,
and for sure they’ll make it impossible to trade out of anything without a pound
full of your flesh … thanks central bankers! … they call this shit “markets”?
… more like a casino table game.
Yawn, EURUSD right back to where it was when the report carnage first hit
… elevator down then elevator back up … having fun yet? … USDJPY spread at
Turnkey blown out to a joke level … throw in expected slippage on any fill, and
you’re gonna need 2 FULL PIPS on any trade to simply break even … they aren’t
gonna allow you to scalp or look for short term trades … some days I wonder
how they stay in business … what’s gonna be interesting to see, is how the
assorted central bank Lounge Lizard Apparatchiks keep the fiat Ponzi juggling
act going down the road with more & more bullshit each day … ECB Apparatchiks
all over the wires earlier today before the U.S. CPI report, talking up rate rises
… of course they knew what was coming … so will today’s “hot” inflation
numbers rekindle talk of a 75 bps hike in June, or does Spicoli and crew “walk it
back”? … whatever they do, YEN & EUR depend on it, or there’s gonna be real,
real trouble in FX land! … and as long as everything is being manipulated, it
wouldn’t hurt if the “Plunge Protection Team” [PPT] showed up and blitzkrieged
“Stonks” & “Stock Bellies” higher and trapped a whole shipload of shorts on a
massive reversal day … not prediction’, just sayin’.
And if you’re watching this horror show at home, I hope you realize there’s
better liquidity at your local grade school in marbles & baseball cards … there
certainly isn’t Mr. Jack Squat in any of these so called “high profile”, world’s
deepest markets bullshit cuz everybody is scared shitless of making a mistake
… the “Spoos” being a perfect example … quite frankly, that’s what you get with
“financialized” horseshit taken to the extreme by options markets, where
“gamma” positioning is the ONLY THING THAT MATTERS when it comes time
to squeeze somebody … everything else is bullshit … the thing about panics is,
you can’t gauge the extent of those puking, or how much they got left, and if you
take their “puke” and you’re wrong, you’ll be the next one lined up in the queue
at the toilet! … the FED better get its shit together real soon, or we could be
looking at a real apocalypse in financial asset prices.
Into the London Fix and the closing of Europe, I’m pretty sure nobody is happy
with the way FX responded today to the U.S. CPI numbers and then wilted like a
flower kept in the basement … yup, the scumbag banks first got the sell stops,
then flipped it and made the “news traders” who got short pay the Piper
… thanks, come again, day is over … again with the “lightning moves … crickets”
and VIX goes from heart attack level to morgue in very few minutes … and once
again, it’s VIX that’s being manipulated here, not price, and when they got you
trapped, you’re screwed with no place to hide and a widened spread … this
bullshit has got to stop.
Turnkey’s spreads today a frickin’ mess … absolutely appalling at times … not
every market, but the main ones literally a freak show … meanwhile crude has
another $8 range day, ho hum … BTC getting some activity, but the disaster
known as LUNA [$87 to less than $1] not helping with their stablecoin [TERRA]
going tapioca … still, BTC tied to the NDX100 in a scary correlation.
FX is an absolute mess … the way the EURUSD market is quoted is a travesty,
with today at times seeing 2 FULL PIPS between a bid/offer quote in a
microsecond, and plenty [think grains of sand on a beach] at least 1 FULL pip
… BLINK YOUR EYES and it’s the other way multiple PIPS, only to see a full
turnaround after you blink your eyes again … and no, the solution is not to blink
your eyes, the solution is to leave this shit alone unless it’s actually going
somewhere, cuz if you try and scalp it, the only scalp on the floor is yours once
you see your shit fill … rinse, repeat a few times and this can get ugly … and for
the 10th day in a row another major mess with no end in sight … no doubt
tomorrow will see multiple ECB Apparatchiks glowing about the expected rate
hikes to come, the rhetoric growing hotter and faster as EURUSD approaches
any attempt at breaching 1.05 on the downside … if the market believed any of
these shitweasels, why aren’t we higher?
Sure, the solution is obvious “IF” Turnkey offered fair & honest markets to trade
… fact is they don’t … the “Spoos” are rockin’ & rollin’, with some great ranges
and plenty of minute-to-minute action … problem is at Turnkey the “effective”
spread rate [cost to trade] is close to 3 FULL INDEX POINTS … at SIMPLE FX it’s
0.3 INDEX POINTS … oil you never know what they’re gonna do minute-to-minute
with the spread, as it can go from 2 - 3 cents on the low side, to as many as 10
cents on the high side WITHOUT WARNING … has happened many times!
… wanna be in a position and get caught in that bullshit?
I’ve looked at every market Turnkey offers, and I think there’s at least a 50/50
shot that the FTSE100 CFD being legit … it’s quoted with a spread of between
0.5 and 1.0 index points, most times closer to 0.7 than any other value … OK,
that’s acceptable … good 20 Day Range MA around 128 index points, and the
scalping / day trading ratio is close to 10 : 1 most of the day .. so far so good, but
what I don’t know until I trade it, is whether or not 1) the spread is legit or Turnkey
bullshit slippage gets added, and 2) if slippage is added by how much? … well
tomorrow we’re gonna find out, as I’m gonna be doing some light orders on
algorithm buy signals … if we get screwed, so be it, but I have a sneaking
suspicion they want the FTSE100 and the French CAC40 to be competitive … right
now, nobody really has a good DAX40 market in CFD’s, and they are all priced
over 2 index points at a minimum no matter where you go … quite frankly, the
industry may have given up on the DAX40 … in any event, if we do get hosed by
Turnkey, it won’t be by much and won’t represent any decent chunk of change
[I think], but we’ll see what happens … and if it turns out I’m right, we got a
decent “Stock Bellies” market to trade, instead of horseshit FX and piddly tenths
of a PIP, in markets that ain’t going anywhere … and quite frankly, anything is
better than what’s being offered up to us now, and I’m gettin’ sick & tired of being
sick & tired of inconsistent rinky dink ranges giving us NOTHING!
No trades today in anything … let’s see what the English “Stock Bellies” has up
its sleeve … can’t be any worse than the FX crap.
… outta here … “The future’s so bright I need sunglasses”!! 😎😎
… Onward & Upward!!
-vegas
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