WORLD ECONOMIC PAIN IS ABOUT TO GET FAR WORSE

 

“When the storms & rain never stop by Globalist design!”

I guess USDJPY never goes lower again … seems that way, as the one-way freight

train keeps taking it higher still … my frustration with this pair is palpable, as

pretty much all the rules of trading get broken daily … meanwhile, over in

fantasyland [a/k/a “Japan”], nobody seems to give a shit that their currency is

being systematically destroyed in real time.

And each day brings with it the game of “century level knockout stops”, where

dealers and others play the exotic options game that ends each day at 10 AM

EST … today no different, as the 145 level [so far] is providing some minor

resistance, as the dealer crowd doesn’t want to see a 145 print being traded,

so they defend it by selling ahead of it … “how’s that been workin’ out so far

these last few months?”

Clearly, and you don’t need to be a rocket scientist to figure this out, “Twilight

Zone” trading is in effect for USDJPY as we go forward, meaning quite simply,

THERE ARE NO RULES … and while it remains to be seen cuz it hasn’t gotten

cold yet in Europe or the U.K., those 2 pairs could face the same fate quite easily

come late October and November … and now heading into the last hour to the

London Fix, and lo & behold here comes a minor correction [so far]

… institutions selling at the Fix, and banks front running those orders driving

price lower via their offshore [illegal] prop accounts who will get the sell orders

[buy] … and so goes the world of trading! … about time we’ve seen some

corrective activity, cuz I don’t really want to see a “blow off” scenario

in USDJPY.

Again today, ranges blown to Hell by the time I get to my screen around 4 AM EST,

all though so far after 10 hours, my session range has been about 100 PIPS

… mostly straight up, but as we drew closer to the London Fix, the buying parade

started to crack a little … and quite frankly, it should … only one halfway decent

algorithm buy signal [from my humble perspective] in USDJPY today

… TURNKEY PAMM UP SLIGHTLY … volumes remained low, simply cuz we’re UP

9 days in a row some 400+ PIPS, with very little if any corrective activity … not a

scenario where I want to do heavier volumes as potential spec sell stops get hit,

led by scumbag LP banks … volumes will increase, though, given appropriate

trading action more conducive to the strengths of the trading algorithm

… onto tomorrow.

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

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

-vegas