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Tuesday, July 19, 2022

RUMOR MILL-A-RAMA

 

“ECB corruption at the forefront into the weekend!”

For weeks, if not months, all we’ve heard every single frickin’ day from

Apparatchik hacks, either in or out of the ECB, is “RATE HIKES!” … and EURUSD

dutifully ignores the bullshit as EURUSD goes south in earnest over energy

concerns … now, though, 2 days before the clowns meet for an interest rate

decision, all of a sudden “chatter” about a 50 bps rate increase matters … if Vlad

cuts off gas on Friday, it won’t matter what the ECB does or doesn’t do!


Oh but hey, the rumors don’t stop there, and quite frankly all this week I’ve been

wondering when the Natty Gas rumors via Vlad start making their way to bank

trading desks to screw spec stop orders … well, wonder no more, cuz within an

hour of the “London Fix”, that happy time of day where corporate & institutional

customers get royally FUCKED by scumbag LP banks, here comes the first Natty

Gas rumor … it seems gas will flow come Friday only partially … and of course,

cuz there are stops to run EURUSD goes nuts to the upside, and EURJPY hits a

new high for the day … “you want corruption & inside dealing? … you’ll find

plenty of it in today’s trade … what a sorry excuse for a market”.


And the fun doesn’t stop there either, cuz Turnkey’s scumbag LP’s now blow

spreads out and raise the “slippage meter” … EURJPY spread almost DOUBLES

… another crock of bullshit cuz they can … I get to my screens a little late today,

figuring both today and tomorrow will probably be slow … yea right, that didn’t

happen! … didn’t count on the “rumor mill” kicking in … I got in around 5:30 AM

EST, just in time for everything to go into the infamous “Flying Wedge of Death”

[FWD], and for hours price didn’t move much, although spreads and slippage

were very high.


One algorithm buy signal today in EURJPY … TURNKEY PAMM UNCH’D … we

got screwed so badly on both entry & liquidation fills, if you didn’t laugh about it

you’d be crying over it … even with a somewhat widened spread, they found it

necessary to screw us by about a total of 3 PIPS [1 ½ on each side] … what a

bunch of thieves … no, I didn’t complain … why? … Turnkey doesn’t give a shit,

so what’s the point? … most days they do well, but some they don’t … put today

in the “don’t” column … and after that, I could see the writing on the wall … I’m

wondering what surprises the scumbags got in store for us tomorrow … more

rumors? … we’ll certainly find out … given the rumors treated as fact today, all I

can say is the ECB better raise by 50 bps come Thursday morning, AND the

Ruskies better start “limited”” gas flows on Thursday as well … if not, your

definition of “meltdown” will need to be revised … I hate rumor driven markets in

general, but this is/was pre-planned from the get go … given the level of

corruption, thievery, and general “scumbaggery & fuckery” in trading finance

today, are today’s surprises really a “surprise”? … and as long as I’m writing

Santa for things I’d love to have, can I maybe get a fucking market that moves

when I’m awake, instead of moving at the “speed of light” when I’m asleep? … do

I have to move to frickin’ Thailand or something, to be on the “right” side of the

world when all of this crap moves? … New York afternoon now … ughhh!

… 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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