SERIOUSLY?

“C’mon USDJPY, you can’t be serious with this trading action!”

Do we even have trading markets anymore on Mondays or Fridays? … sure seems

like we don’t … another multi hour steaming pile of bullshit on tap today, as 8+ hours

and counting has a 20 something PIP range and counting in USDJPY … it goes from

bat shit crazy [BSC] to “sleepytime” meat grinder in no time flat … ughhh!

Spikes from Hell, both up & down all over the place, as traders FOMO panic to the

upside, and panic sell to the downside, with every squiggle in the 10 YR. Treasury

rate … and from the looks of things, there’s nothing here but panic & slippage on

fills at the tips … welcome to the tiny “Flying Wedge of Death” [FWD] … this is

simply unreal.

Multiple trades today via algorithm buy signals, with one “false positive”

… TURNKEY PAMM BASICALLY “UNCH’D”, although via increased volumes

collectively we’re down around a buck and some change … I couldn’t get closer

to “unch’d” if I tried … and with a 20 something PIP-ish range [about 30 from the

tippy tips], there simply was ZERO follow through to anything … price down near

the lows of the FWD exploded higher on big spikes up, and price up near the high

of the FWD exploded lower on big red spikes down … am I supposed to assume

we’re gonna be in a 20 something PIP range extending over 9+ hours? … well if

so, count me out!, cuz those are the kind of trades that get you hurt … and given

the conditions, we’re somewhat fortunate not to see more “false positives”,

although the TR wasn’t that bad most of the day, hanging between 5 - 6.5 … we

simply couldn’t move anywhere with the 10 YR. Treasury deciding it wanted a 3

day weekend … oh well onto Monday, nothing to get my “big girl panties”

bunched up on … and it wasn’t any better in EURUSD and/or Cable either

… those 2 markets locked in the FX meat grinder today.

There were a shipload of signals today, I simply chose not to take any down near

the low of the FWD … we don’t know it’s a tiny FWD until it’s over … after the fact

everything looks great … in real time it doesn’t look that good cuz why would you

assume a 20 PIP-ish range is gonna hold? … well, I don’t expect it to either, but it

did … even low probability events happen, but that doesn’t mean you trade them,

you simply leave them alone … blog update on Sunday … until then.

… outta here … “The future’s so bright I need 2 pairs of sunglasses 😎😎, and my

own Brinks armored truck” 💓!! … Onward & Upward!!

-vegas