SUNDAY UPDATE: BOJO ADIOS, THE E.U. INTO THE ABYSS

 

“A day in the life!”

BoJo has been a stone cold idiot since the day he took office … manipulated by

his wife, every decision he’s made looks as if he consulted Biden beforehand

… he deserves to be booted out … now watch the other insufferable POLS in

Britain stab each other in the back for power, not realizing it doesn’t matter if you

win or not, cuz your day is on countdown until it’s your turn to be stabbed in the

back … meanwhile Britain slides further into the abyss … good grief, what a

shithole of a country.

Then there’s the E.U., where this upcoming winter is gonna be one helluva

interesting experience for those not lucky enough to be an Apparatchik, or

having a 6 digit Euro income … you’re among the “little people” and you don’t

count … especially in Germany, how they’re gonna run industry, even at a

minimalist level, is gonna be interesting when you got ZERO OIL OR NATTY GAS,

and Vlad sits there and ROFLAO shaking his head over the complete

incompetence of E.U POLS … “you think you’re sanctioning me? … hey Adolph,

watch what happens next! … who’s suffering now?” … and at the nexus of the

entire shitshow circus, sits a bumbling, senile, criminally corrupt U.S. Preezy

who can’t even read a fucking teleprompter … and so no, I’m not worried about

a lack of VIX going forward in FX dollar pairs, although USDJPY looks and feels

like “the FIX is in”, wherein Spicoli & the FED bail Japan out and USDJPY goes

rangebound for a considerable amount of time going forward … could be wrong

of course, but the trading action in USDJPY the last 2 weeks has been abysmal,

even with explosive VIX in the U.S. 10 YR. Treasury … for a pair that most days

goes almost “tick-for-tick” with the 10 YR. yield, how is it that all of a sudden

that correlation goes silent & dark? … well, “big money” knows the reason! 

Directly below, the 20 Day Range MA’s of selected pairs.

click on table to enlarge

One thing of note is the utter collapse of VIX in the crypto space … this is

“nuclear winter”, and I don’t know what brings the world back to trading

perpetual futures … spot transactions are a different story, as especially BTC

enjoys its “King Status” over all the others, but from a trading perspective crypto

looks and feels “DEAD … WHAT THE HELL IS THE POINT!” … throw into the mix

“gas fees” [a/k/a commissions], which are high and don’t matter when shit moves,

but when it goes comatose those gas fees “sting” … people notice and

immediately leave the space … offer all of the bonus money you want, people

aren’t coming back to crypto to trade it, meaning the perpetual futures, not only

cuz VIX is dead, but also cuz of the forced liquidation levels dumped on traders

at the first of the year, which I noted at the time … quite frankly, I got no idea what

brings crypto perpetual futures trading back to life, if ever … only time will tell

… I’ll have more on crypto this upcoming week, as well as how I’m going to trade

for “The Syndicate”.

Onto the week, where I start tonight in EURUSD, which is showing exemplary

trading action versus the other dollar pairs … outta here … “The future’s so bright

I need 2 pairs of sunglasses 😎😎, and my own Brinks armored truck” 💓!!

… Onward & Upward!!

-vegas

SUNDAY UPDATE: DOWN THE RABBIT HOLE WITH THE BOJ

“30+ years of monetary irresponsibility, & the BOJ is insanely stupid!”

Directly below, the 20 Day Range MA’s of selected pairs.

Click on table to enlarge

As you can see, crypto is getting monkey hammered into tighter and tighter

ranges as people flee the space for greener pastures … and while BTC is the

prettiest horse at the dog food factory, the alt-coins have really suffered … in

the traditional MT4 space, some light comedown from higher levels in the 20

Day Range MA for “Stock Bellies”, which is not surprising cuz we’re headed

into the June FED meeting on Wednesday, June 15th, and with all the

uncertainty swirling around a shipload of factors, “Stock Bellies” might have

their moments, but IMHO got nowhere to go until the 15th when the Lounge

Lizards show their cards.

In the FX space, major pairs so far holding up well in terms of their ranges, and

while we might get some reduction in ranges over the summer, I can’t see much

for USDJPY, as that country and their insane central bank, led by “Peter Pan”

Kuroda, lead the country down the road and into the “rabbit hole”, and

eventually complete fiat destruction.

Quite frankly, and this has been known for years, Japan is a “basket case” when

it comes to monetary responsibility … it’s debt / GDP level is right around 270%,

which no country in the history of the world has ever escaped hyperinflation and

currency destruction … it has the highest population average age of any country,

and the lowest birth / death rate … the country is dying folks … and it has a

central bank that is printing YEN at a faster & faster clip, via the easiest monetary

policy of any country … the country has a national debt of approximately

1.6 QUADRILLION YEN … that’s 1.6 followed by 14 ZEROES! … and the reason all

of this matters, is cuz the math is starting to rule no matter what the idiots ruling

Japan want or think … at this point, and it took about 30 years to get here, is

either they raise interest rates [which will explode the debt further cuz of higher

interest rate costs on outstanding debt], OR they continue Yield Curve Control

[YCC] and the currency goes to complete shit, furthering inflation problems

dead ahead.

About the only thing that can save YEN, is either Spicoli at the FED unleashes

QE FOREVER and interest rates in the U.S. fall dramatically, OR “Peter Pan”

gives up on YCC and allows rates on JGB’s to rise … there ain’t any other

choices … and the dirty little secret every single trading pro knows, is that if

Japan goes tapioca the world’s financial system goes with it … THERE ISN’T

ENOUGH MONEY ANYWHERE TO BAIL IT OUT … and that means, USDJPY

traders have to keep their eyes and ears tuned to the BOJ during the Asian

session, for any hints or changes in YCC that might signal rates going up … cuz

that will send USDJPY sharply lower [YEN higher] … without that, though, any

hint of stronger economic activity or higher inflation in the U.S., which would

support the 10 YR Treasury rate to go higher, and USDJPY most likely goes

higher [YEN lower] … and my gut feel is that if the 131.50 level gets breached on

the upside, and we ain’t that far away from it right now [about 70 PIPS], you’ll see

very rapidly SHTF and Apparatchiks & central bank PIE HOLES start to panic

… and there ain’t nobody that’s got a handful of TRILLIONS OF YEN to bail Japan

out of this clusterfark, FUBAR mess they are in … sure, USDJPY can go lower,

especially when the 10 YR. Treasury yields go down, and it looks like the U.S.

might be headed into a recession / depression … that would save the YEN … for

now … but the “Vix Genie” is out of the bottle, the law of very large numbers in

math is taking over, and their isn’t a “Hoover Dam” thing Kuroda & his pals can

do about it except raise rates dramatically … something right now they say they

are adamantly against … but faced with national financial suicide, at some point

they’ll “trial balloon” hints by BOJ “nobodies” that rates night be going higher,

and then gauge the reaction of markets. 

If you trade YEN or the YEN crosses be on the lookout for it, especially in the

late afternoon of the Asian session as Europe comes in … and right now “Peter

Pan” is counting on Spicoli to keep rates from rising, cuz in his mind he’s got no

other choice in the matter … sooner or later, USDJPY has a date with disaster to

the upside.

The platform we’re on for EURUSD & USDJPY I would give a grade of A- / B+

… the bid/offer spreads are as good as it gets anywhere, and with no

commissions, just on the surface there aren’t many places you’re gonna be able

to go and get what Turnkey is showing … and that means it comes down to

1) slippage, and 2) latency on fills … as to the first, on these two pairs it’s

definitely minimal if not ZERO, unless it’s sigma misses bat shit crazy [BSC] in

FX as a whole or there’s some news events that are specific to one or the other

… but even then, though, it won’t be much … as to the second, latency on the

platform is “acceptable”, and definitely better than the regular MT4 latency, but

it isn’t what they promised … no real surprise there, but it’s fast enough to know

I’m not getting robbed, mugged, raped, and then shot in the back of the head,

which is what you usually get on their regular MT4 platform … so it becomes

“acceptable” … and as I have found out first hand, this only applies to EURUSD

& USDJPY, as they are the “loss leaders”, and the house makes all their coin

fucking people in everything else, especially CFD’s.

As I said on Friday, up ‘til now I’ve always given the “edge” between the two to

EURUSD … that has changed … my primary focus is now on USDJPY, with just

some of the reasons I have given above in the blog post … JPY impact effects

everything, cuz it’s the denominator of choice in ALMOST ALL OF THE CROSSES,

and to that extent it has importance no other pair has … throw in all the shit the

pair is facing, and it’s a major wonder it has taken this long to get here … but

here we are … onto the week at hand!

… outta here … “The future’s so bright I need 2 pairs of sunglasses”!! 😎😎

… Onward & Upward!!

-vegas

IDIOTS EVERYWHERE

“Especially at my house!”

I get up this morning ready to slaughter EURJPY, and hit my screens about

5 AM EST … and I’m not up very long, drinking my morning coffee as daylight

slowly hits the horizon, when all of a sudden I hear very loud screams … my

niece is here over the Memorial Day weekend with friends and they’re out at the

pool for a dip after getting up … and as young dumb asses tend to do, when

there’s more than one of ‘em together anywhere, horseplay and bad things

happening go hand in hand … and after being told NOT to fuck around the pool

and jacuzzi area cuz bad shit will eventually happen, of course they do … my

niece falls, breaks her foot, gashes herself in a few places on sharp rocks, is

bleeding profusely, and the others stand around in shock screaming … I get

out there, wrap the wounds first to stop the bleeding, look at her mangled foot,

and when the Mrs. shows up about one minute later, tell her I’m taking her to the

emergency room at the hospital about 20 minutes away … so I lift her up, tell her

to stop talking and STFU cuz she's in shock, put her in the Jeep and go to the

hospital.

“Do you have insurance or any way to pay for this? … this ain’t the U.S., how

you gonna pay for this? … “Wait … WUT!!!?” … just as I thought … never mind

we’ll sort it out later [sure, sure we will]“! … this happens around 5:15 AM EST

this morning … I get back with her to the house about NOON EST … she’s in

la la land via the pain meds and is in a cast, with some bandages where she

needed stitches … she and her friends were gonna leave tomorrow … her friends

WILL BE LEAVING TOMORROW! … she stays another 10 days to 2 weeks and

will need another visit in about a week to see if everything is healing properly

… another day where something takes me away from trading, and I swear this

last day of May 2022, this is the last day I’m putting up with any of this shit, I

don’t care who lives, dies, or whatever … this is bullshit and has gotta stop

… and will!

I apologize to my PAMM … these last few weeks, it seems like every day it’s

something … it first started when my annual checkup got FUBAR and hasn’t

stopped … why should today be any different? … June starts tomorrow, and with

it non stop trading … only a hurricane or something with the internet will stop

trading … if I have to, I’ll lock the frickin’ door to my study … we missed some

decent signals today with this shit, and on top of that, her little fuck up cost me

right around $7,000, cuz down here if you don’t have insurance it’s pay up front

or sit at the curb until you can … there ain’t any of the U.S. rules down here with

regards to taking everybody that walks through the door, cuz if they did that every

native would be here every frickin’ day for anything and everything … so not only

didn’t I make anything in a market I should have, it cost me 7k to boot … and to

top that off, when I get home the Mrs. is smirking cuz she made a nice wad in the

DAX30 today using the algorithm, and is smirking with profitability … “great, you

can use it to help cover some of the cost for what your niece just did to our

wallets!” … all of a sudden the smirk was gone … poof! … there went all that

shopping money right out the window … however, don’t think for a minute she’ll

actually fork it over from her account anytime soon … what injury, what niece?

… yea, been at this rodeo for a long time and I know how it gets played.

Looking at today’s penny slots markets called financial derivatives, a DOUBLE

REVERSAL in EURJPY, all within about a few hours, which historically means

nothing happens after the second reversal cuz the order books are wiped clean

and the day runs out of steam … of course, it all happens while I play ambulance

driver, but nonetheless it happened … “Stock Bellies” putting in some nice algo

moves as well … one thing I will add when using the algo for trading

… aggressive traders can risk longs when the HULL is hotpink, but they have to

be scalps … especially when the HULL appears to be oscillating back & forth

… that usually means in strong bull or bear markets, the longer term trend trades

can be made for the VIDYA & TEMA … this is if you want to be aggressive … given

the nature of BOJ stupidity and super easy monetary policy, coupled with ECB PIE

HOLES every day talking up rate hikes starting in July, it’s tough to see how

EURJPY is gonna get deeply monkey hammered … of course it still can, cuz PIE

HOLES change their minds, but for now an aggressive stance via EURJPY seems

warranted … this is also mostly true in “Stock Bellies”, cuz they exist in the

“88/6/6” paradigm, and it looks and feels like the back “6” is over for now … it

depends on the FED and whether they fold or not [they will].

Again, my apologies to the PAMM … I WILL be trading it tomorrow come Hell or

high water … the whole day … uninterrupted … the algo is fantastic and the

Brinks truck is waiting on us for delivery … ditto with “The Syndicate” and BTC,

cuz it looks to me like BTC is showing signs of moving again … onto tomorrow.

… outta here … “The future’s so bright I need 2 pairs of sunglasses”!! 😎😎

… Onward & Upward!!

-vegas