Rumor mill day two … TRIPLE reversal day so far in EURJPY, WHEN DO WE
START GETTING QUAD reversals and higher? … it’s not a rhetorical question
… granted, ECB stupidity tomorrow, and it appears Vlad has already announced
his intention of letting “some” gas flow, but nobody really knows for sure what
that level will be … make no mistake, he’s still in control … EURJPY a nightmare
of spikes and reversals on panic from every squiggle on the chart … range isn’t
that great, but inside this range [so far only about 130 PIPS] the spikes from Hell,
both up and down, have been wicked & fast.
A couple of items of important note … 1) I’m changing the crosses m1 parameter
settings on 2 of the HULL MA COLOR indicators … one from period 23 to period
34 on the solid line, and the other from period 40 to period 53 on the dashed line
… this will give us better buy/sell signal modes for execution on the 15s Netdania
chart crossover … when trading conditions get rather “hectic” and approach
“Twilight Zone” conditions [not there yet, but at times today it appeared we might
be headed there], we’re getting the necessary corrective activity in the crosses,
but it’s happening so fast it turns the smaller HULL MA COLOR into sell mode,
when in fact it should remain in buy mode … 2) on the Netdania 15s candlestick
chart, I’m changing the EMA [plum line] from period 40 to period 22, while the
TEMA [yellow line] goes to settings [6, 0.08] from [7, 0.09]. All of these changes
will give us better buy/sell signals under “normal” to “hectic” trading conditions
… and while we may have some days here & there that are slow and choppy for
whatever reason, the “Vix Genie” is out of the bottle, and she ain’t goin’ back in
for a long while.
I fully expected today to be choppy & volatile, but I wasn’t expecting the
horrendous spikes from Hell on more rumors [mostly, will they or won’t they for
50 bps hike tomorrow from the ECB] … quite frankly, this is all scumbag LP bank
bullshit at its finest at work, jerking the rumor mill so they can front run orders
… and as you can imagine, the scumbag LP banks are “nasty” when it comes to
fills on those stops … a bigger set of thieves you won’t find anywhere.
Only one algorithm buy signal today in EURJPY … TURNKEY PAMM UP
SLIGHTLY … I’m not at all happy about our fills again today from Turnkey’s
scumbag LP’s … this is the second day in a row where combined slippage [entry
& liquidation] almost came to 3 PIPS, more around the 2.5 PIPS level, but still
pretty pathetic if you ask me … and it’s pissing me off … latency is fine, but all
of a sudden this 1 ½ PIP horseshit on every fill isn’t sitting well with me … if I’m
gonna get slippage like this, then I’ll move over to GBPJPY, where I get more
bang for the trade with higher ranges … and speaking of GBPJPY, today’s range
well below its 20 Day Range MA, mostly cuz USDJPY has only got an approximate
47 PIP range for the day, here at Noon EST, which is well under the current value
of approximately 114 PIPS … still, even with a slightly higher spread, the
“Trading Ratio” [TR] for Cable/Yen remains well above 3.0+ most of the day … the
key question here is “variance” in statistical terms … in other words, does it move
erratically enough given its slightly higher spread over EURJPY to justify trading
it … and the answer is yes … just be advised, GBPJPY is in the mix for PAMM
trading as we move forward.
Now into the New York afternoon, and the day is over … tomorrow of course is the
ECB clusterfark at 08:15 AM EST, with the presser 30 minutes later … let the clown
games begin! … in addition, you can’t forget Vlad either … we’ll see about the
Natty Gas situation, but nothing is final until Vlad says its final … I believe
nothing coming out of “Propaganda Europe”, either from some dumb ass bank or
the MSM … political hacks top to bottom … onto tomorrow.
… outta here … “The future’s so bright I need 2 pairs of sunglasses 😎😎, and
my own Brinks armored truck” 💓!! … Onward & Upward!!
-vegas
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