The casino is on fire … not a rhetorical question, but have you ever seen a group
of markets more screwed up, more in panic mode, with more spikes from Hell
both up & down than grains of sand on a beach? … central bankers the source
of this evil, as their policies over the last years have led to this point in time
… now, as every economy is headed into a depression, everybody is raising
rates … what brilliance.
It didn’t take long for me to jettison GBPJPY today, as spreads blew out early, and
even this market caught a very big spike down … so much for correlation
protection … “Stock Bellies” a complete mess of idiotic spreads PLUS slippage
from Hell, with the DOW30 the ugliest I’ve seen it since the 2020 COVID panic
… that led me to EURUSD, where the ECB hiked rates today by 50 bps, and
suggested further rate hikes in 2023 … natch, EURUSD now hugging the lows
of the day in the New York afternoon, with a “buy the rumor sell the fact” scenario,
plus good luck ECB making rate hikes stick with economies across the E.U. going
into depression … then there’s USDJPY, which blows the 20 Day Range MA apart
before I even turn my screen on … what the Hell is left to trade? … not that there’s
anything to trade, cuz these so called pretend markets don’t “trade” any longer
… everything a frickin’ freight train up or a freight train down, with either FOMO to
the upside or panic to the downside … trade? … what the Hell is that? … buying
on moves higher or selling on moves lower is suicide … and so I sit here waiting
for some semblance of a trade signal that makes sense … WTF! … hopefully,
now that the major world central scumbag bankers are done with their respective
magic potions of fairy dust, these “so called” markets can return to normal
stupidity … as I’ve stated before, there is no way to gauge SHEER PANIC, either
up or down, simply cuz we have no access to order flow like the banks do, and
when the short covering or long liquidation is over, it turns around with a
vengeance that screw people over quickly … and this is why via the algorithm,
you have to only be long when the long term period VIDYA is LIME GREEN
and the short term turns from yellow to plum, and if you’re short, the longer
term period VIDYA has to be RED and the plum line turns yellow … it’s the only
way to get the “wind at your back” for profit … and when you don’t get it,
you sit.
Thank you FED Lounge Lizards, along with the rest of the Idiot Class of central
bankers who have caused market turmoil … impossible to trade under these
panic conditions and expect to make money … blown out spreads and MAX
TRIPLE FU SLIPPAGE guarantees that … no trades today cuz EVERYTHING
IS/WAS A FRICKIN’ FREIGHT TRAIN with almost ZERO corrective activity, and
we’re plenty past the 20 Day Range MA’s by quite a bit … the DOW30 and
USDJPY being the worst, but EURUSD doing nobody any favors on it’s yo-yo
ride … again, not rhetorical … WTF is the “trading”? … cuz all I see is panic on
both sides leading to spikes from Hell … can we even get a market any longer
that doesn’t have about 155 spikes from Hell, both up & down, that blow the shit
out of stops?
Tomorrow is OPEX, only $4 TRILLION worth … I’m gonna try and find good
algorithm signals in USDJPY and / or EURUSD … with the central bank
scumbags out of the way, hopefully the trades will be there … quite frankly, I’m
disappointed markets have turned into Roulette, but there’s no sense in playing
a game when we have it stacked against us … screw that … we simply await the
conditions to return to their normal stupidity and go from there, and if that
means no trades, then so be it … I’m not handing out free money here … the
trading algorithm is “gold bars”, and we just need conditions that aren’t
completely bat shit crazy [BSC] … the last 2 days haven’t given us that for
obvious reasons … tomorrow and beyond should return to normalcy, especially
in FX … 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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