Oh boy, another fun filled Friday at the casino … and the world is catching on to
the fact the entire shitshow circus of U.S. trading is the only thing that matters,
and why trade “off hours”? … after the U.S. opens for money laundering &
corruption, just wait 30 minutes for the 0DTE jockeys to whipsaw markets and
whether you’re buying or selling you’ll get your price without worry … today’s
OVER / UNDER for reversals is 1 ½ … mostly cuz it’s Friday, and once the skim is
set, more than likely people head for the exits … but who knows, cuz there’s
always plenty of participants that never want the game to end, and will scam the
system right up to the closing bell … “how come “Stock Bellies” and “Stonks”
aren’t open on Saturday?”
And it isn't just in indices or shares, cuz if you bother to look, everything on the
board is going to the shitter overnight from lack of trading activity … gold and
crude oil VIX being ruthlessly savaged lower, and by the looks of FX the last few
days, nobody seems to give a shit up & until some POL or Apparatchik says
something off the official narrative & consensus and surprises a market … then
it’ll move “el quicko mucho” before it dies again … trading? … WTF is that? … the
sun coming up in New York, and ranges for the FX majors so low, you wonder if
the entire space wouldn’t be better served at the morgue … quite frankly, the
financial sphere is only mirroring western societal collapse on every front
… moral decay, the complete loss of the rule of law, the rise of authoritarianism,
etc. … you could go down the list for another 30 minutes, but the important thing
to remember is markets are not immune to despotic behavior and the
consequences that follow from it … a great article over on ZH today, making this
point in spades, the link directly below.
https://www.zerohedge.com/geopolitical/von-greyerz-prepare-10-years-
Here’s the money chart that sums financial conditions up rather well.
I have been stressing to Miss Gimpy, who a year ago was a “20 something” skull
filled with bullshit, attending university majoring in “nothing”, but who now is a
successful trader making money and can’t believe she was so stupid for buying
into the bullshit, that to take part of your earnings and BUY PHYSICAL GOLD
[1/10 OZ COINS MY FAVORITE], and keep it forever until you’re “old & gray”
… that would be like 50 years from now … in other words, “STACK!” … take
physical possession of an amount you feel comfortable holding and that can get
you out of the clutches of government if SHTF, to escape to someplace safe & free.
Keep the rest at an online bullion house with integrity, honesty, accountability,
and oversight, in a country that makes sense and isn’t beholden to the
Corruptocrats in the U.S. … at present, my recommendation is Bullion Star,
located in Singapore [the link in the right hand column] … cuz at some point,
you can count on the fact that the bankrupt U.S. will attempt to confiscate
personal wealth … “it’s better to be 10 years too early, than 1 day too late!”
About 2 hours to go to the criminal NYSE open, and GBPJPY has a 51 PIP range
… WTF is this!? … all you can do is laugh at this shit … I highlighted yesterday
the logic pitfalls of trading when you have a very small range … and by any
definition, this is pitiful … “Stock Bellies” woke up a little yesterday on fake news
from a FED PIE HOLE that maybe this summer would see a pause in rate hikes
… that’s not what he said, but who cares? … the 0DTE options jockeys took over,
and bought calls, sold puts, and away we go to the upside cuz the dealer
community [scumbag banks like JPM, Squid, Citibank, etc.] who took the other
side were forced to delta & gamma hedge as the day proceeded to the close
… understand, they have no choice in the matter but to buy, buy, and buy some
more to hedge exposure … and in this day and age of anything can & will happen,
inside “The Twilight Zone”, the first rule of trading kicks in …and that rule is
simple … “the first rats to puke & panic and jump ship cuz it’s on fire and sinking,
get to panic again later! … the “deer in headlights” traders get carried out on a
stretcher … if you want to keep your job as a bank trader, which do you do?”
SP PMI’s and ISM numbers coming out at 9:45 AM EST and 10 AM EST,
respectively today … both will set the tone for traders, especially in the bond
market, and whether or not the 10 YR. Treasury stays above 4% and keeps going
higher, or whether the numbers are soft enough versus expectations to see them
go below 4% … all of this of course, in the context of next Friday’s most
important jobs number EVAHHHHHHH! … trust government numbers?
… Bwahahaha! … what a circus shitshow.
Now into the New York afternoon, words escape me … looking at Cable/Yen with
a 56 PIP range for the entire day, I mean whaddya do with this shit? … it isn’t that
the algorithm signals don’t work, cuz they do … it’s the fact nothing is going
anywhere … am I supposed to make a trade, hang onto it for who knows how
long, and then liquidate with a fraction of a PIP gain or loss? … if I’m lucky maybe
I can squeak out a few PIPS, but is this the kind of trade I’m looking for?
… Hell no! … forget 90 PIPS, it can’t even get to frickin’ 60 PIPS!, with a 20 Day
Range MA of 165 PIPS … 67% in the hole, which is unreal, and quite frankly I
didn’t think it was possible given its value this week at 165 PIPS … I’m only
laughing cuz it’s better than crying … meanwhile, “Stock Bellies” rallying like
there’s no tomorrow, cuz why not? … all that matters is 0DTE positioning, and
since the world didn’t end with today’s release of “who cares” numbers, and
Biden hasn’t gotten us into WWIII while chuckling about fentanyl deaths from
grieving mothers, it’s all bullish … can it correct and trade some? … Hell no, in
the bubble penny stocks of the mighty tech NDX100, it’s straight up the fucking
wall, right along with the “tulip bulbs” over in the DOW30 … close your eyes and
buy Mortimer, BUY!
And so here we are, another day of move to the high, turn and move to the low,
rinse / repeat … you simply can’t make the assumption that range is gonna
expand, UNTIL IT DOES … and when it does, at least FX markets trade … can’t
say the same with “Stock Bellies”, cuz over in that arena the “tail wags the dog”
with 0DTE options the driving force behind practically every move price makes
… in the meantime, close-to-close VIX dropping faster than Biden’s brain working,
and market moving up/down shenanigans thanks to 0DTE seeing higher intra day
VIX, all inside shit ranges … with the exception of the tech bubble NDX100, which
is moving nicely … but the DOW30 & the SP500, to put it nicely, ain’t doin’ shit!
… ranges dropping “el quicko mucho”!
An attempt this afternoon, over on ZH by some of the Wall Street crowd,
defending the use of 0DTE options … since about 90% of them always expire
worthless with dealers the primary sellers of premium to large buyers of put/calls
and or straddles, WTF did you expect the thieves over at JPM et al to say? … sure,
go ahead, try and convince me it’s “all good for the marketplace” … what a crock
of self serving bullshit … see for yourself at the link below.
https://www.zerohedge.com/markets/forget-volmageddon-0dte-add-noise-
untradable-mess-not-driving-downside-risk
Like I said earlier, I’m at a loss for words describing GBPJPY and its inability to
move over the last 2 days … price action wicked & choppy with ZERO trend
… just a little up, then a little down, rinse & repeat … neither Cable or YEN doing
much, and even if they do move a hair, they’re moving in the same direction … if
this pair continues to stall, I’ll move over to USDJPY … I’m not gonna sit here and
watch the cross die on the vine … USDJPY has settled down from its bat shit
crazy [BSC] price moves from 2022 … still has decent VIX, as measured by its 20
Day Range MA, currently at approximately 132 PIPS, but more importantly
maintains about 80% of that range in the European session open to the London
Fix … that gives us about 100 PIPS to work with, which for the v2.1 trading
algorithm is plenty … since we’re on the VPS platform, and not at Turnkey any
longer, I haven’t had any problems with fills or latency in FX … Yen over at
Turnkey was a nightmare … Coinexx appears to have gotten their shit together, at
least in FX … [now work on your CFD’s!] … come Monday, I’ll make the switch
and trade USDJPY … Cable/Yen can wallow in its own bath water.
From the looks of things, over in “Stock Bellies” the NDX100 is getting the
volume and the moves … the DOW30 risk / reward simply stinks given its range
… whether that’s due to 0DTE or other factors I dunno, but quite frankly I could
care less why, only that it does … if USDJPY dies on the vine come the NYSE
open, or later towards the London fix 90 minutes later, I’ll easily make the switch
and trade the NDX100 … both markets are not mutually exclusive to each other,
but I’d have to say USDJPY has a better chance of sleeping than the NDX100
… but who cares? … numbers on a screen … “JUST FRICKIN’ MOVE WILL YA!?”
Again, no trades for the PAMM today, as I waited patiently for Cable / Yen to move
… it didn’t … and now I got a second coat of aqua toenails, and I had to put
another few bucks into the swear jar as my neck veins exploded … blog update
on Sunday.
… 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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