Paralysis on display … only Bitcoin near the Asian open could be seen, as to not
be considered a “Zombie market” … and even then, it wasn’t moving that fast or
far … apparently, Mrs. Watanabe & Gal Pals had some sell stops in gold lying
around coming off the weekend, so natch before they head off to the casinos to
play Pachinko or Pai Gow poker, the laws of the universe state quite clearly their
trading accounts had to be taken out back and shot in the head … no worries,
they’ll make it back at the casino! … [Interesting fun fact: In Japan alone, it’s
estimated that 10% of the population gambles, err excuse me “invests”, in
excess of $200 BILLION dollars per year playing Pachinko! … the other 90% I
think are playing Sic Bo!]
More than likely, at least you get a free beer while the rent money goes
“sayonara”, and it’s a Helluva lot more interesting than boring 0DTE options,
now isn’t it? … quick, I need another 1,000 YEN! … can somebody help me?
As the sun comes up in New York, unfortunately I have to look at my trading
screens … good grief, nuclear winter has hit FX … ranges so tiny, they’re gonna
have to go to 6 decimal pricing to make it look like something is moving … I can
see it now … soon, JPM or Vampire Squid will become LP’s at major Japanese &
Chinese casinos, and you’ll be able to gamble, err excuse me “invest”, on what
happens first … does a water droplet hit the bottom of the window pane, or does
the USDJPY move 1 PIP? … place your “investments”! … investment counselors
are on duty to handle any questions … 95% payout ratio, and it’s a slam dunk
you’ll win! [house takes 5%, and all “skim” shoved to POLS, Apparatchiks, &
regulators is included! … sadly, underworld Mafia payouts not included at this
time … please call any Libtard POL for more details] … what’s not to like in the
land of “bread & circuses”?
Literally ZERO on the econ calendar to move things … I guess we’ll need a
“surprise” Lounge Lizard PIE HOLE say something on state run North Korean
business news CNBC or Dumberg to shake things up … even for a Monday, here
at 7 AM EST I feel like I’m stuck in an episode of “The Twilight Zone” … Miss
Gimpy just asked me what “Sic Bo” is, and how do you play it? … no, I can’t
… soon she’ll be stealing things out of the house to pay gambling, err excuse
me “investment debts” to Yakuza friends on the island … all of my bobble head
doll collection will be gone … and after that happens, what’s the point of living?
… so NO!. now get back to watching Bitcoin … leave “high finance” to
the “experts”!
Meanwhile, as the world burns down and western civilization eats itself via
stupidity at an exponential rate, the truly weighty matters across the pond take
center stage … and if you’re wondering how the “Pax Britannica” ushered in by
Queen Victoria got pissed away so quickly, taking Britain from world leader to
fourth world Banana Republic in about 120 years, look no further than the
following headline I see today from ZH, directly below.
https://www.zerohedge.com/political/uk-pm-sunak-100-women-dont-have
And with shit like this, are you still wondering why people spend their waking
hours inside a casino playing Sic Bo or Pachinko? … you literally can’t make
this shit up and have anybody believe you … we’re at a tipping point where the
entire world views western so-called democracies as nothing more than
“comedy gold”.
USDJPY is a slow motion trading train wreck … ridiculously small range going into
the criminal NYSE open … “Trading Ratio” [TR] a disaster, and it’s a slow crawl
higher, with ZILCH breaks … looks like a small breakout higher on the daily, but
with no trading action to speak of, it’s tough to tell if this is a complete fake out
and a suckers rally stop hunt by the usual suspects, or if it’s for real … without
any breaks how do you tell? … quite frankly I don’t trust trading action like this,
and I especially don’t trust it with scumbag New York banks lurking around
… history is a brutal teacher! … if you’re looking for bad news action packed
trading, you’ve certainly found it with this turd gem of a day … outside of Bitcoin
[slightly], there isn’t anything moving … just scumbag bank LP stop hunts and
mindless chop.
Why should today be any different? … cuz from what we’ve seen from these last
days / weeks / months, is that VIX is being taken out and shot … most notably in
oil, “Stock Bellies”, and of course FX … nothing “trades”, it’s just slow moving
train wrecks with the obligatory stop hunts when one side or the other gets too
heavily long or short … then it’s flush the toilet time, only to see the crawl resume
… all you can do is laugh at this shit.
Noon in New York, and with the London Fix an afterthought, as far as I’m
concerned this day is over … good riddance … what a pathetic excuse for a
trading day if you’re looking at anything traditional to trade … oil looks like it did
something, but it’s an error on the chart, but in reality it hasn’t done Mr. Jack
“Diddly” Squat since never, and basically has died on the vine a slow death since
the OPEC production cut news forever ago … FX a complete trading joke, with all
the major dollar pairs moving in a lockstep lower march, in what looks like a
reaction to the New York Empire State Index, whatever the Hell this 9th rate
indicator measures, as it came in quite a bit higher than expected … the only
thing moving is crypto … Bitcoin with a nice approximate $1200 range today
… how many times do I have to say this? … money made from trading crypto is
green and can be used and spent on anything … yea, big news flash!
Like I said, Noon in New York, and I’m pulling the stink plug on this one … this is
truly pathetic … really, words don’t do it justice, and I apologize for insulting
pathetic … No trades for the PAMM today … I mean, what the Hell is there to do?
… watching USDJPY go up/down 2 PIPS over 5 minutes isn’t exactly a pulse
pounder, and Hell I don’t know if it’s done even that … “The Syndicate” UP
APPROXIMATELY 0.3% on multiple BTC trades at IQCENT … quite frankly, the
only place to be unless you’re forced to be somewhere else … BTC came out of
the Asian open as China got going, and that move to the downside followed by a
subsequent rise made up the days trades … since I came in this morning around
5 AM EST, I haven’t done any BTC trades as it’s been relatively choppy and slow
moving … not as bad as FX to be sure, but for BTC it’s pretty slow going today in
the New York session … some probes lower for stops natch, cleaning out some
long position holders, and that’s to be expected after a nice runup these last few
weeks … overall, though, not that much sell pressure.
… 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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