WHO’S LAUGHING IN THE U.K. & E.U. NOW?

 

“Walter’s message to the E.U. & U.K.!”

Remember when in 2018, in a speech at the U.N., Preezy Trump warned the

Germans about relying too much for their energy on Russia, and all the Germans

did was laugh at him? … “Are you still laughing Adolph?” … over on ZH today, a

great article, the link below, of people receiving their energy bills, and it ain’t

even cold yet!

https://www.zerohedge.com/energy/how-name-god-shocked-europeans-post-

astronomical-energy-bills-terrifying-winter-approaches

And there is one group of people to blame for this, and only one … POLS!

… stinking, hypocritical, back biting, money grubbing, sit on their ass POLS

… they’re more worried about scheduling a gay pride parade than solving

actual problems … the ones who sit on their ass most of the time and DO

NOTHING … they are nothing short of pure Grifters, and you voted for them!

… when you’re literally freezing to death this winter, remember these assholes

next time they come around and pander to you looking for your vote … tell

them to their face, “Go fuck yourself!”, and vote for somebody different … if

you don’t, to find the biggest fool you know, simply look in a mirror!

OK casino workers, reset the “Slots-A-Rama” market machines, for another fun

filled day of bank manipulation as nobody is here to play, but who cares? … ADP

comes and goes, nobody cares … FX an embarrassment to the concept of

“markets” … what a waste of time … and unless shit gets in gear “el mucho

quicko”, this is gonna be a very short day, as I’m not sitting around watching

any FX pair go up a PIP and then down a PIP, and try and convince myself this

is some kind of “action” … with the criminal NYSE about to open in seconds,

USDJPY a complete 30 PIP Joke-A-Thon, surpassed only by the twin jokes of

Cable & EURUSD which are just as bad … I thought there was a possibility of

some action today … wrong! … just more of the same mindless bullshit of banks

front running orders, stops being run, and spikes from Hell thrown in for good

measure cuz they can … in other words, a bank run slot machine … followed by

nothing except, “Oh shit, I sold the low or I bought the high, now WTF do I do?,

as it heads the other direction now that you’re stuck!” … all inside ranges that

are truly embarrassing for anything resembling a major market, I don’t give a shit

what day it is, or what month it falls in.

IN USDJPY, the HULL 120 EMA is essentially flat, and VIDYA simply winds its way

around this EMA … a little up, a little down … please … the last guy stuck trading

this shit, please turn the lights off when you leave, OK? … what the Hell is

anybody supposed to do with a 30 - 35 PIP range over hours & hours? … ditto

with the other two as well, cuz nothing is moving … what? … just sit and eat the

“shit sandwich” and be patient & disciplined is all you can do, otherwise you’re

simply throwing money out a car window as it’s going down the highway.

NO trades today obviously … I can’t take another second of this horseshit

parading as “markets” … about 20 minutes to the “London Fix, but I don’t care

… I’M OUTTA HERE … “The future’s so bright I need 2 pairs of  sunglasses 😎😎,

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

-vegas

DENIAL AIN’T A RIVER IN EGYPT

 

“How the scumbag banks view all traders!”

No question, “Stock Bellies” have hit a “rough patch” on the way to BTFD heaven

… and while the “88/6/6” trading paradigm still is in force, the back “6” is doing

some catch up work to maintain this ratio … Spicoli can “blah blah, yada yada”

all he wants, it ain’t gonna change the fact that traders believe “sooner” rather

than later the FED caves and goes back to QE INFINITY … cuz quite frankly, given

the backdrop of the U.S. national debt & borrowing binges, without NIRP [or close

to it], the U.S. goes broke … high rates ain’t in the cards … and so what we got

now is a trading public fighting the FED, and I would remind readers this is a

losing game for specs.

And since it’s August and we all need some chuckles, directly below the “classic”

tune from “Cardinal Cash”, entitled “BTFD” … I think of all the YouTube vids, this

is the favorite of the Mrs. … “Miss Gimpy”, who’s never seen it before,

was ROFLAO.

https://www.youtube.com/watch?v=_WoLqtw681Y

Which indirectly brings us to FX, cuz unless Spicoli is bluffing, especially USDJPY

is gonna get beaten down even further … “we’re all bond traders now!” … a very

uneventful day, until the consumer confidence numbers came out, and then it’s a

straight shot into the London Fix, where see my shocked face, USDJPY is straight

up and EUR & GBP straight down … another one of those amazing “coincidences”

we see so often … and now that everybody in institutional land gets filled on their

sells at the bottom, within a minute or two of the “Fix”, the next amazing

“coincidence” happens as everything starts to rally almost immediately … why, if I

didn’t know better, I’d say the whole thing is a scam, perpetrated almost every

single trading day by banks who front run the orders they’re looking at, and then

split the “skim” with the usual suspects of POLS, Apparatchiks, & regulators

… “nah, must be the “coincidence Genie” at work! … Bwahahaha, what a frickin’

joke!” … and now that Europe is closed, I don’t want signals going into the New

York afternoon that’s dominated by the criminals at Squid, JPM, etc., where

there’s a very high probability of nothing but chop to the close … none of these

FX pairs can do “Jack Shit” for hours on end, and then suddenly the scumbag

banks get wind of the “London Fix” orders coming into the trading desks … and

lo & behold, watch the wonders of front running, as the illegal prop trading

accounts offshore go into action, so they can be the ones to fill the orders at

18:00 server time.

Even with the “scumbaggery & fuckery”, ranges not that great … if this action

occurred 3 hours earlier, the signals from this I would have taken … but no, 3

hours ago, it’s all a bag of wet sewage not going anywhere, so why do anything

with smallish ranges going nowhere?

Quite frankly, I’m very leery of both Cable & EURUSD right now … who is not

already positioned short that wants to be short? … who? … try nobody, meaning

the fireworks may be on the upside not the downside, as there are a Helluva lot

more spec shorts than longs … on the other hand, colder temps & winter is still

at least 6 weeks away, and a lot can happen in 6 weeks … meanwhile over in

fantasyland, a/k/a the BOJ, they’re still Hellbent on destroying the Yen into some

kind of Peso or Bolivar … 24 months ago, the YEN was at 104 - 105 … today it’s

near 139 … do the math Skippy and figure out the wealth destruction … unreal.

Since I’m not scalping this, USDJPY goes back on the trading list, and quite frankly

has the best ranges over the other two … wouldn’t know it from today, but it’s late

August and nobody gives a shit right now as the world is on vacation somewhere

… I really wonder where the BOJ has its “line in the sand” with regards the YEN

… 140? … 150+? … nowhere? … you’ll know when we get close, when the

unheard of Apparatchiks start giving FX comments to the financial press, so I don’t

think it’s 140 … one thing is for sure, though, it’s an interest rate differential story

between the two 10 YR government bonds … maybe a little “risk on / risk off”

[RORO] if the “Spoos” tank and go tapioca, but mostly it’s interest rates … not

that it’s the easiest to read, but the market dynamic is pretty straight forward,

while for both EUR & GBP it’s a lot more complicated and involves more variables.

Now that Europe is closed, FX is a joke … only one more day in this wretched

month, thank goodness … ADP employment numbers tomorrow, so that could

move things at 8:15 AM EST … let’s hope so! … no trades today … OUTTA HERE

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

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

-vegas

BANKERS HOLIDAY? … WHY? … FOR WHAT?

 

“This is why they need a “Holiday” … stealing is hard work!”

Bankers Holiday [cough, bullshit, cough] in the U.K. today, so markets there are

closed … with all that heavy lifting from stealing, they need a Monday all their

own … stop, stop, I’m getting a tear in my eye.

Now that I’ve released the “day trading” algo, all markets are fair game as long

as the “Trading Ratio” [TR] is greater than 3 … and for you newer readers, the TR

is defined as the (60 period SMA on the M1 [high - low] / the total cost to trade the

pair [spread + commission if any + usual slippage]) … if the TR is less than 3,

leave it alone … that means the dollar pairs of EURUSD & USDJPY rejoin Cable

[GBPUSD] to be the prime trading pairs of the PAMM.

No market meltdowns so far on this Monday, as the sun comes up in New York

… how fortunate a dumb ass financial holiday comes right at the most opportune

time to forestall some serious selling across markets … however, just cuz nothing

is melting down doesn’t mean there’s any strength either … weakness to varying

degrees across the board, with USDJPY hitting 139 earlier today in the Asian

session … since then JPY has rallied about 60 PIPS to the low 138’s … EUR a

tad higher & Cable a tad lower as volumes are very muted and there doesn’t

seem to be much interest in trading on this “Holiday” … let’s see what

New York does.

In today’s trading action, clearly USDJPY is the best mover, although EURUSD,

cuz of some more interest rate hike “blah blah, yada yada” from the usual

suspects over the weekend trying to give the EUR some support, is higher on

the day, but where is it gonna go higher given winter is approaching and there

are ZERO answers from POLS about what to do and how to do it in solving their

self created energy crisis? … Cable is starting out in one of those “let’s screw

everybody”, where spikes from Hell [up & down] litter the landscape of the m1

chart far too often … and to top it off, it’s not really moving anywhere … a little

up, a little down, throw in some spikes that go nowhere but scare the Hell out

of specs, and you’ve got the recipe for a very tough trading day … we want

movement, and that means both the HULL & the VIDYA lines have “slope”

… up / down who cares, just gimme slope … cuz if I got slope, I got price

movement, and if I got price movement, the algorithm is gonna nail any market

to the barn door! … and so far today, only YEN & maybe EURUSD seem to be

the ones moving while Cable diddle farts around doing NADA.

One of the worst NYSE opens I’ve seen in a while … it’s like nobody cares

… more pain coming according to Spicoli, so should anybody want to buy

“Stonks” now? … including today, only 3 days left in this horrid trading

month … be gone, and don’t come back! 

This is pathetic trading action … even “Stock Bellies” opening can’t do

anything … ranges since 5 AM just aren’t gonna cut it, with nothing but trickle

moves followed by spikes that go nowhere … color me outta here on this bogus

“Bankers Holiday”, where it seems the rest of the world is happy to share in the

day off … ughh! … no trades in this garbage, and we’ll wait for some movement

and a full trading day … the ranges and movement are just really awful … no

“oomph” to the trade so to speak, as everything just meanders along like it’s

half asleep … we’re into the last hour to the London Fix [closed today}, and Cable

has a 60-ish PIP range, the great majority put in during the last half hour … it

looks like shorts are getting squeezed via a very modest rally in “Stock Bellies”

… again, given Spicoli’s J-Hole speech, it’s tough for me to see where any of this

stuff goes to the upside with any legs, outside of some stop hunts cuz they can

to screw shorts … and order flow volumes literally suck … welcome to

late August.

Despite the shitty price action and volumes, the trading signals are there

… question is do you wanna take ‘em knowing there isn’t a whole lot in the

market … there’s no “oomph” to price, except in very short / brief spurts, that die

as quickly as they are born … again, spec longs or shorts getting burned IMHO,

and that’s all that’s here … does it go 3 PIPS or 10 before getting crushed? … and

sure enough, that modest “Stock Bellies” rally got faded like a cheap suit in

sunshine, and right along with it went FX, right down the drain … and it took

only 5 m1’s to take out over 30 m1’s as it was crawling up, and if you waited for

the red spike down to liquidate a long buy signal, I can hear your screams

coming over the horizon now … and this is the dilemma of markets that exhibit

little to no action, relatively low TR’s, and are run by a bunch of fucking LP

thieves who know exactly how to push your buttons! … don’t let ‘em! … and it’s

why I’d rather wait for better trading conditions, than the shit we see now here in

late August, although Friday was the exception cuz of Spicoli … and although it

doesn’t have to, it seems like every time there’s a Holiday of any kind that

interrupts a trading day, whether Asia, Europe, or the U.S., it doesn’t matter

cuz the entire day is FUBAR when it comes to actual trading action … and

today is another one.

Well, that ended “el quicko mucho” … once the corrective action commences,

nothing can regain the MOMO to go higher / lower … it’s just another iteration

of the “Flying Wedge of Death” [FWD] where price yo-yos back & forth … and

while that could be good if we could scalp, for day trading we need “range”, and

today we ain’t gettin’ it with London closed … no trades today, I’ve seen enough.

… OUTTA HERE … “The future’s so bright I need 2 pairs of  sunglasses 😎😎,

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

-vegas

SUNDAY UPDATE: “DAY TRADING” ALGORITHM RELEASED

 

“I’m gonna make so much money, there’s no need for school!”

The focus today is on the “VEGAS DAY TRADING.pdf” algorithm, available over

in “Download Links” … view online or download in Adobe PDF … all files in

“Download Links” are from my shared file folder at box.com, and are guaranteed

virus free … no need to do anything, except view however is most convenient for

you … the algorithm is ONLY 6 pages long in PDF, so it can be read and

understood immediately!

Directly below, the 20 Day Range MA’s for selected pairs.

click on table to enlarge

Not much decline in Range MA’s, seeing how it’s middle to end of August, arguably

the worst time of year for trading right next to the last 2 weeks of December into

New Years … Spicoli’s little “heartbreak hotel” moment for “Stock Bellies” via his

speech at J-Hole will most likely continue to reverberate this week into September

… question is, is the higher rates “I’m gonna create a depression” just bullshit or

is he serious? … for now, given that ALL of the Lounge Lizards are on the same

page with the mantra of “higher rates for longer”, it’s gonna be interesting to see

how much pain they can create before SHTF on main street … meanwhile over in

FX, each day brings us closer to lower temps in Europe & the U.K., and that’s

gonna be a “CLASS A CLUSTERFARK DISASTER” when the freezing temps set in

and they got no energy … nice job POLS! … what a bunch of fuck ups! … when

the riots and protests start, be prepared for some gigantic moves lower in FX,

specifically EURUSD & GBPUSD … can Cable get below PAR to the dollar?

… but no worries Brits, the Royal Fam is doing OK, and Prince Chuck of Whales

& Mammals is still getting his shoelaces ironed, and that’s all that really matters.

I’m gonna pass on crude oil for now, simply cuz I don’t think Turnkey is serious

about this market, and it remains a “bait & switch” favorite of the scumbag LP’s

… I’ll revisit it at a later date when appropriate … then there’s “crypto winter”,

and I’m not seeing anything in this space that gives me any hope of a rebound in

either traders coming back to it, or price rebounding significantly enough so that

ranges expand … for now and the indefinite future, the space is “dead money”

… and cuz of that, I’ve placed “The Syndicate” gains since inception

[about +110%] into the Turnkey PAMM, where I feel we got the most optimal

opportunities for profit going forward … it’s been a very rough 2022 for crypto,

starting right off the new year with the “forced liquidations” horseshit I wrote

about at the time, and the space has never recovered … gee, see my shocked face

nobody likes “forced liquidations”, except the LP’s forcing the issue and profiting

from gunning stops … in any event, back to profits!

Given Friday’s selling debacle, will Monday be another “Black Monday” in the

annals of trading history? … we’ll find out soon enough! … onto the week

… OUTTA HERE … “The future’s so bright I need 2 pairs of  sunglasses 😎😎,

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

-vegas