THE TRADING WORLD IS SCREECHING TO A HALT

 

“Dear Manipulators: GOOD always triumphs over EVIL!!”

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-

destruction

Here’s the money chart that sums financial conditions up rather well.

click to enlarge

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

THE 0DTE “GRIND” IS UNMERCIFUL

 

“Once the fire starts, no telling how long it lasts!!”

The rules are changing in “Stock Bellies” … close to close VIX is dropping

… intraday swings to the high or low multiple times are rising, therefore intra day

VIX is surging … over at ZH in their closing commentary yesterday, a great

explanation of what I’ve been writing about for weeks now … the link directly

below.

https://www.zerohedge.com/markets/formidable-feb-data-fks-bond-bulls-fed

-pivot-puke-weighs-stocks-commodities

And once the “grind” up / down starts, if you’re on the wrong side of things,

they’ll beat you to death and kill your account with a thousand paper cuts!

… more than likely, there won’t be any “corrective activity” so you can get in or

out, just a painful in your face, steady move that brings MAX pain … yesterday a

perfect example.

Prices got slammed on the close yesterday, but no matter cuz as soon as the

dust settled and the new day started 2 hours later, it’s 10 hours and counting on

the H1 of prices being higher … the steady grind, in your face, higher … no doubt

100% explainable by looking at 0DTE call volume, followed by the obligatory

dealer rebalancing of delta & gamma … and even though we’re 3+ hours to the

criminal NYSE open, it looks and feels like the Chipmunks are gonna feed today

and opening prices will be higher in the “Stock Bellies” … could be dead wrong

of course, cuz in 5 minutes the tide could change drastically as the large hedge

fund  / institutional crowd decide it’s time to start buying puts en masse, and away

we go to the downside as dealer scum panics reshuffling their delta & gamma

exposure, and prices can now grind lower … “anybody but me see a pattern

here?”

ISM and global PMI today after the open at 9:45 AM EST and 10 AM EST, so there

could be a delay in prices moving, but on the other hand, who cares about

“fun-durr-mentals” anymore? … all that matters is who’s stuck and getting their

cashews squeezed, and how much exposure do dealer scum like JPM & Vampire

Squid have … everything else, AND I DO MEAN EVERYTHING! … is bullshit!

… what you have to remember now, is that these large fund managers don’t care

about making money on the puts / calls … the millions they spend on premium is

“Chump change” … they care about moving trillions of dollars of market value

the way they want it to go so they can execute bigger plans … in other words,

they got bigger fish to fry … maybe it’s to rebalance a large portfolio, or maybe

it’s simply to try and manipulate market sentiment cuz they have so much

exposure to falling prices. 

And if you’re that fund manager with $20+ billion under your wings, what a

refreshing sight to see the dealer community scum scurry like rats jumping off a

burning, sinking ship to protect their new exposure [thanks to you], and it’s not

you who gets to panic, it’s them! … cuz remember, “He who panics FIRST, gets to

panic again later!” … welcome to the new casino paradigm, where traditional

measures of VIX, volume, and price movement have been turned upside down on

their collective heads, and we got a new Sheriff in town … the 0DTE Sheriff! … on

any given trading day fully 50+% of the volume in the “Spoos” is 0DTE related

… yesterday saw a pathetic range for the day, yet at the same time, we came within

a few index points in all of the “Stock Bellies” of seeing a QUADRUPLE REVERSAL

DAY … last week we saw a QUINTUPLE REVERSAL DAY … and it now feels like if

we don’t get at least a TRIPLE REVERSAL DAY, that things are somewhat slow and

uneventful … what kind of casino bullshit is that? … EASY PEEZEE: “It’s called

the new “NORM” inside “The Twilight Zone” [TZ], and nothing is gonna change

this new paradigm anytime soon … in fact, it’s only gonna get worse!”

Increasingly, whether you like it or not, the trading world gets more and more

“Quant” oriented … and if you don’t really understand the “Greeks” of options

trading and when somebody says “delta” or “gamma” your head spins, it’s time

to bring yourself into the new century and get “edumacated” … if you don’t, this

new paradigm will leave you in the dust and create profound losses … and with

the “Quants” running the world, it’s only a matter of time before we get our next

1987 style market crash, only the amounts of money floating around that will get

destroyed are far, far higher than back in the 80’s … got no idea when, but when

you have billions upon billions being bet, soon to be trillions, like it’s a $5 chip at

a craps table, when SHTF there will be nobody who can clean the mess up … and

that’s where all of this bullshit is pointing towards … “the real question is, is it by

coincidence, or has this been planned all along by global elites?” … and are the

ChiComs in any way involved in this “scumbaggery & fuckery”, in order to

destabilize the West? … and before you scoff at this, it’s the ChiComs who

released the “Wuhan Kung Fu Flu” that’s killed millions, and it’s the ChiComs

who own TikTok, a worthless / useless social media app watched by hundreds of

millions of dumbed down kids and adults, with the aim of turning them into

complete non thinking Dopes, where they can sit all day and night and watch

other idiots light their farts on fire … yes, so it’s worth asking if the ChiComs

were instrumental in fostering 0DTE options on the financial world.

I have made a small modification in the v2.0 trading algorithm … this Sunday on

the blog update, I’ll have the new v2.1 algorithm uploaded in “Download Links”

for documentation … basically, I’ve loaded more pertinent information onto the

MT4, without cluttering the screen up … here, in a nutshell, is the v2.1 algorithm.

HAS indicator on the MT4, nothing changes here … in the pdf manual there are 2

tick volume indicators, one histogram format, the other line graph format … take

whichever of the indicators you like best, and discard the other … in “Levels” at

Coinexx, I use the values for NDX100 of -18 and 18, for SP500 values of -10 and 10,

and for the DOW30 values of -5 and 5 … these values will be different and HIGHER

at SIMPLE FX, AND I’LL HAVE THOSE VALUES THIS WEEKEND IN V2.1 … on my

charts I use the color yellow, but use whichever color you want … [personally, I

like the histogram better, but whatever floats your boat of the two] … use the

input parameters I show in the manual … this measures “TICK VOLUME” as a

ratio oscillator, and the value above “0” means there are more offers being

bought on upticks than bids being sold on downticks … likewise, the value below

“0” means there are more bids being sold on downticks than offers being bought

on upticks … this indicator is basically a real time snapshot of buying versus

selling WITHOUT REGARD TO VOLUME SIZE OF THE TRADES, JUST UPTICKS

OR DOWNTICKS. 

Now add the indicator from the MT4 library under “volume”, the “Money Flow

Index”, a/k/a the “Dumb Money Index” … this is a familiar indicator that

measures in oscillator form between values of 0 - 100, the RATIO OF VOLUME

BUYS TO VOLUME SELLS … use period 4, levels 10 and 90, and whatever color

you want … DIRECTLY BELOW, pre open in the NDX100 at SIMPLE FX is a

screenshot from this morning.

click on chart to enlarge

In the histogram at SIMPLE FX for NDX100, the levels values are -100 and 100

… at Coinexx they are -18 and 18 … the difference in the histogram levels for

ratios is cuz of the LP’s they each use … however, the shape of the histogram is

the same … now, with these 2 indicators, we have the relationship between

volume buying & selling AND TICK VALUES … a study of the screenshot and I’m

pretty sure many of you will immediately realize how to use this info … in any

event, I’ll have full details and explanations in the v2.1 manual come

Sunday’s update.

The Mrs. & Miss Gimpy used this yesterday [the Mrs. in the “Spoos”, and Miss

Gimpy in the NDX100, and both did very well scalping … at 10 * the index for both,

this is a slam dunk … using both indicators together, you’re using volume shifts

to predict price swings, and it’s these price swings we take advantage of in

scalping … trade only during the most active parts of the day and leave the rest

alone … for “Stock Bellies” that’s NYSE hours, and for FX it’s European open to

the London Fix, and maybe an hour or so after if it’s active … volume and ticks

can be notoriously disproportionate in the off hours and give unreliable readings.

Turning to today’s casino action … a 10 hour runup in price overnight [what else

is new?] in “Stock Bellies”, a grind higher that makes no sense from yesterday’s

bloodbath close to the downside … markets now waiting for ISM & global SP PMI

coming right after the open … place your roulette bets! … and suddenly we start

to waterfall with about an hour to the open … apparently put buyers are in control

for the moment, as we grind lower m1 after m1 for the last half hour with nary a

rally in sight … welcome to the new normal.

All you can do is laugh … 2 hours into this clusterfark of orgasmic 0DTE options

trading, and it’s straight up / straight down, turn on a fucking dime then rinse and

repeat .., simply an absolute joke pretending there is any “market” here … sheer

panic both ways, as “Stock Bellies” grind lower, then put in rip your face off rallies

out of nowhere ,,, we already got 2 reversals in the DOW30, how many more today,

and it ain’t even lunch time in New York! … once you understand the new

dynamics of trading, all of this makes perfect sense … otherwise, nothing

makes sense.

Well, that escalated quickly didn’t it? … new lows for the day [DOW30] to a new

high for the day in 33 minutes of STRAIGHT UP … can you say TRIPLE

REVERSAL? … I can almost see the laughter and cheering going on in the

background at some of the large fund manager offices, as they watch with glee

as JPM, Squid, and a host of other scumbag Wall Street bucket shops panic

while hedging delta & gamma risk on their call shorts sold about 33 minutes ago

… Bwahahahaha! … let me join in on the laughter as these Bozos panic into the

tape … well, like I said, that’s the 3rd reversal of the day, how many frickin’ more?

… all of course, inside a rinky-dink range of about 200 index points

… close-to-close VIX dropping like a stone in water … intra day VIX, thanks to

the 0DTE jockeys, vaulting to new levels of stratospheric stupidity … and trust

me, it’s only gonna get worse!

And worse it has gotten, cuz since that rally, it’s been an hour and half [that’s 90

minutes for you Biden voters] of “Loser Formation” sideways action, followed by

the grind lower down the hill … you just have to recognize bear market trading

action and how the dynamics play out in the greater scheme of things … sure,

0DTE is accounting for most of the move up and down, but quite frankly it would

still look like this without it … bear markets grind lower, and rallies are quick,

ferocious, and have no follow through when they are over … longs get frustrated

with getting bled to death over time and liquidate on the spikes lower … shorts

get taken out back and shot in the head … “how do you want to die, quick or

slow?” … sometimes you can capture the rallies, but often times they happen so

fast and have no warning, they race higher as you are blinking your eyes … today

so far has seen 2 blistering rallies of short duration that only lasted minutes

… everything else has been a grind lower … all again I will remind you, inside

pathetic ranges.

Meanwhile over in GBPJPY [Cable/Yen], it looks like the POLS & Apparatchiks at

the central bank have had their fun for a while … the N. Ireland clusterfark seems

to have gone away, and the BOE frustrated longs and created some long position

liquidation in Cable and their crosses … ranges have been decent, today seeing

about 165 PIPS, which is right on the button with this weeks 20 Day Range MA of

164 PIPS … we don’t need to see the cross with this high of a range to do well

trading it, but this kind of VIX does make for excellent trading conditions … as

readers well know, my love / hate affair with “The Widow Maker” [Cable] is well

documented over the years here in the blog … as long as the Asshat POLS and

corrupt Apparatchiks can keep from fucking things up, it’s a good trading vehicle

… throw in politics, like BREXIT FOR 5 YEARS, and talking heads at the central

bank that talk out of their asses instead of their mouths, and things can get

dicey quickly … meaning gaps in price that are unwelcome to say the least … like

I said, it appears Cable/Yen via Cable in the numerator has settled down, and the

brief mistress fund add-ons successful to keep the 20 something Babes happy in

Barbados … the spread at Coinexx is as good as it gets, and latency via the VPS

is acceptable, and slippage is not a problem in the sense that it’s high or

outrageous … before the London Fix today, the Mrs. was up early along with me,

and traded some Cable /Yen and had no problems at all … v2.1 algorithm signals

excellent and the pair moves well … having said that, and cuz it appears danger

levels from POLS & Apparatchiks have been alleviated, I’m gonna go back into

GBPJPY starting with tomorrow’s trading.

I came into today wondering if the low range bullshit and horrible trading

conditions in the “Stock Bellies” was due to month end dollar flows and portfolio

restructuring, and if a new month would see something better than what we’ve

seen lately … well, that didn’t happen, and with this “grind bullshit” taking center

stage most of the day, the action in “Stock Bellies” [any & all of ‘em!] are not only

frustrating, they’re pissing me off to no end … as I said in previous blogs, if

Coinexx had 10 * the index trading for the CFD’s it would be different, but they

don’t … “why should I fuck around getting screwed by Coinexx LP’s in the

“Stock Bellies” CFD’s, where I’m gonna suffer “bigly & yuge” slippage on

[for them] big volume trades, when I can easily do much bigger volumes in

GBPJPY, “NO PROBLEMO!?”, and not have any problems with a much tighter

spread and no slippage?” … the only caveat is whether or not there’s anything

on the horizon that can involve POLS or Apparatchiks to fuck things up … if

not, it makes no sense to trade “Stock Bellies” and attempt to scalp [or short

term trade], when there’s better conditions and action elsewhere that can get

the job done just as well, if not better! … come the FED pivot or pause in rate

hikes, EVERYTHING ON THE BOARD EXPLODES!

I’m not gonna waste days / weeks / and perhaps months waiting for “Stock

Bellies” to get their shit together and trade decently, especially since 0DTE

dynamics are taking the trading space over … onto Cable/Yen with tonight’s

new trade date.

No trades for the PAMM today … how many chances do you give a market to act

rationally? … yea, the buy signals are there for “Stock Bellies”, but they don’t do

me much good cuz the CFD’s only trade at 1 * the index … and I’m not doing size

trades with Coinexx cuz I know how that would turn out … FX a completely

different story … besides, with GBPJPY, there’s no bias long or short, cuz both

sides are equally valid in the eyes of the v2.1 trading algorithm … I still prefer to

trade Cable/Yen from the long side, however, simply cuz the interest rate

differentials favor Cable over Yen … if the BOE hints or starts cutting rates, I’d

switch and primarily trade from the short side … in any event, ranges and

conditions are good, and it’s time to hit it! … onto tomorrow.

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

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

-vegas