BRITAIN GOES COMEDY GOLD

“If GBPUSD were a person!!”

Welcome to insanity on steroids … panic up / more panic down, and the trading

action in Cable simply wicked … thank you POLS & Apparatchiks for all you do

… oil not being traded today, simply cuz Turnkey’s scumbag HFT LP’s have

blown the spread out and don’t want to play … screw ‘em, I’m not paying a 5 cent

spread to trade oii … it is what it is, nothing we can do about it except B.I. Itch,

and they don’t care.

Cable as wicked in its price moves as I’ve ever seen in the electronic era of

trading … nothing but out of control freight train moves up/down, reflecting the

panic of the moment, and when it’s done it’s panic the other direction … the

“Flying Wedge of Death” [FWD] never looked so good on an m1 chart as seen

today.

Multiple trades today in GBPUSD … TURNKEY PAMM DOWN SLIGHTLY

… collectively, down a couple of Happy Meals from Mickey D’s … quantifying

risk here is “Hoover Dam” near impossible, and the one “false positive” we had

today turned on us at the speed of light … all of our other trades were profitable

… if crude oil had had a normal spread today, i would have traded that, the range

and trading action pretty much back to normal … and while I really like the crude

oil trade, I’m not giving money away to trade it … hopefully the scumbag LP’s get

their shit together and we can go back to normal oil spreads next week … not

that there’s anything wrong with Cable, but I like oil better when conditions are

proper and right.

The panic turns in GBPUSD price are something to behold … extremely fast and

vicious … as wicked as anything you’ll see in crude oil when it’s bat shit crazy

[BSC] … the difference, though, is that oil doesn’t have the predominance of the

manipulative banks, and is physical based, not QE fiat money printing to prop

banks up … in essence that means purer moves in theory … earlier today I had a

brief conversation with Turnkey about the oil spreads, and while frustrating to

see them as variable as they can sometimes be, spreads in futures can get wild

as well … I understand that … but you need to hold these Asshat LP’s

accountable and you don’t … I was assured that wasn’t the case, but for the

umpteenth million time, I told them they need to ditch these thieves and get

better, MORE CONSISTENT LP’s in their pricing … good luck with that, it’s nice to

dream isn’t it? … so we just have to live with it when they get greedy and

deal with it.

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 U.K. RUMOR MILL IS ALIVE AND WELL

“Inside politics & central banking are the real rats, weasels, and hypocrites!!”

The Brits are at it again … rumor mill time cuz it’s that time of year when corrupt

POLS & even more corrupt Apparatchiks got mistress funds to replenish and fund

for the upcoming winter & Holiday season … forget fancy cars & vacation villas in

Spain, they just want to be able to afford the heating bill coming due … what good

is looking pretty if you’re freezing to death? … and so here we go with rumors

about the ‘mini budget” getting floated before the U.S. CPI, where banks need to

unload Sterling at higher prices to Chumps jumping on the bandwagon cuz

“the Dukes know something” … and then the CPII comes in hotter than expected,

and it’s heartburn all over the place for specs … welcome to “The Widow Maker”,

it’s just been sleeping a while!

Quite frankly, I didn’t see this shitshow circus in Cable coming today, as well as

the massive reversals in pretty much all markets … an approximate 320 PIP range

is bat shit crazy [BSC], although trading conditions held up pretty well at least at

Turnkey for most of the day … same can’t be said for oil, where spreads ballooned,

and it was simply a copycat move off of FX and the “Spoos” … massive panic

followed by FOMO in the extreme.

A shipload of algo buy signals in Cable today, although most got blown through

rather violently on price spikes … one algo buy signal trade today in GBPUSD,

and the TURNKEY PAMM IS UP SLIGHTLY … getting a handle on pure panic from

both sides is a very tough assignment, not cuz of the action but cuz of the

quickness of the price moves and the fact that it happens so infrequently, it isn’t

part of any regular trading pattern … but nonetheless we deal with it and move

on to tomorrow.

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

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

-vegas

THE WORLD’S ASSETS ARE MELTING AWAY

 

“Poster child for world financial assets!!”

Unless you’re holding dollars, your assets are melting down faster than Biden’s

brain … nothing is safe, nothing is “hedging” the fallout … “Stock Bellies” look

like they are stuck in mud, and if Spicoli and the other Lounge Lizards keep rates

higher for longer, the tech sector is gonna be a train wreck for a while to come

… crude today as lifeless on the upside as I’ve ever seen it … simply no tradeable

rallies on the upside worth pursuing, as VIX has fallen sharply since last week

… and it’s been nothing short of walking down the stairs, with the same scenario

each day this week … slight rally in Asia, gets creamed coming out of the

European open, and then New York is a nothingburger but constant selling, with

half-assed rallies if there are any … and given the downgrades in world oil

demand, oil could be rough going in terms of trading action, with both buy/sell

sides muted … and while supplies are very tight, getting a handle on demand is

a B.I. Itch, and it might make for a very muddled market if the weather stays OK.

Remember, we got a spread + low commission to pay + slippage in crude … we

need movement up/ down, and rallies of 10 cents on an algorithm signal ain’t

gonna cut it, cuz if it’s a loser, it’s gonna run at a minimum 25+ cents to the

downside … and as I’ve said before, the short side of this animal isn’t handing

out any favors, cuz you got the same problems there as well … and lately, the

market does literally NADA during the meat of the New York session, and then

moves with less than 90 minutes to the New York close … very disappointing,

as today is no different, only a little sooner is all.

Meanwhile, Cable over in FX-land is trading like its pants are on fire … and with

good reason given the news flow out of the U.K. … the issue with GBPUSD always

is the spread + any slippage given market conditions … is it worth it to trade, or is

it a nightmare? … a few weeks ago it was a complete shitshow circus, but

conditions have improved considerably over the last couple of weeks, and

conditions have basically returned to “normal”, given a large dosage of salt over

the shoulder … given crude’s reluctance to “trade” this week, I’m looking at

Cable tomorrow for starters … the YEN has basically died on the vine, and isn’t

on my RADAR screen at the moment … crude when it decides to “play” is great,

but when it goes to chop mode, or goes into the slow meltdown mode, is nothing

short of trading Hell … that leaves Cable right now with the consistent action

over the day … and of course, over time, things change so we change with ‘em

… out of the 3 markets, one will be moving at a minimum.

All we need is CONSISTENT VIX … not bat shit crazy [BSC], then death by chop

… with oil’s moves last week I thought VIX was picking up … it isn’t … like I said,

the Yen is dead right now cuz of threatened BOJ intervention … Cable has picked

up and remained consistent this week, and the drama over the new government

and the BOE will continue, so I’d be surprised if VIX fell appreciably … no trades

today for the PAMM, as oil was the “walking dead” again lower most of the day,

well into the New York afternoon … I don’t like sitting, but I like losing money

even less … the algo works excellently in Cable [or any FX pair] when conditions

are favorable, and right now conditions are ideal … not playing “Whack-A-Mole”,

just shifting to more consistent VIX among our 3 trading pairs … onto tomorrow.

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

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

-vegas

CENTRAL BANKS KILLING SPECS AT EVERY OPPORTUNITY

 

“A central banker’s central banker! … it’s good to have the flying monkeys!”

Why not? … the BOE punts and welcomes back QE INFINITY … Specs in Cable

get obliterated when the BOE comes in and buys Gilts, and then tanks one

minute later … FX a complete nuthouse, with Cable leading the way.

Crude oil slow to start the day, but has shot higher on a draw in oil inventories

and rallies in FX and “Stock Bellies” … good range today in crude, but signals

overshadowed by straight line shots higher in WTI.

So far today, the spread & latency in crude at Turnkey is acceptable, so no issues

there … the big news is the BOE abandoning QT and going back to money

printing … the “Pivot” is here!, and hence the rallies in risk assets, oil included.

Not very many buy signals in crude today, especially after the oil inventories

report at 10:30 AM EST … straight up the wall on multiple occasions hampered

any corrective activity, and once we blew past the 20 Day Range MA by about 20%,

algorithm rules prevent long positions until we get a decent sized correction that

takes us down about 25% - 30% of the range … and that never came close.

One algorithm buy signal in crude today … TURNKEY PAMM UP SLIGHTLY … we

start with small volume and work up, cuz it allows me to gauge how the scumbag

LP’s are filling orders … entry kinda sucked, but liquidation was OK, so it evens

out some … latency could have been better, but not a major issue … volumes will

increase, and I like the way crude oil trades … as long as Turnkey has an

acceptable spread, and doesn’t get blown up, we will do well here in this market

… crude doesn’t usually go straight up or straight down, but rather has plenty of

corrective activity … not today, though, as risk asset markets rallied smartly

… going forward, this will be the PAMM’s primary market … some of our buy

signals got blown through rather violently, so I couldn’t take those without

suffering major slippage … but overall. it has everything we want and need, but

not the things that are negatively affecting FX pairs … VIX is among the best out

there, with only Natty Gas being more consistently volatile … unfortunately, we

do run into days where news has an undue influence on price to make it go

straight up or down … today’s BOE “Pivot” back to QE, and then the oil

inventories report [10:30 AM EST every Wednesday morning] provided the

impetus for buying … onto tomorrow.   

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

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

-vegas

INCONSISTENT VIX IS THE STORYLINE [EXCLUDING CRUDE]

 

“When VIX is so inconsistent you’re thinking about working at the circus!”

Unreal … what else is there to say? … VIX one day so bat shit crazy [BSC] you

can’t even measure it, it’s so high … the next day it’s so low, it’s barely above

ZERO … events flying by we’ve not seen in decades! … ho hum … spreads

blown out at random, and slippage increased to not allow traders to take short

term profits under 5 PIPS, without wondering whether or not you’re gonna get

hosed … then we get the 40 - 50 PIP range in 8+ hours, where spikes from Hell

[UP & DOWN] are all over the place, and bid/offer quotes can be literally

anywhere within 1 second of each other … and through it all, not a single

advantage for us as traders, and every bit the avalanche of advantages for the

scumbag bank LP. 

Some frickin’ deal isn’t it? … and today couldn’t be more 180 from yesterday if

you scripted it … and as an added bonus, since there is ZIP, ZILCH, ZERO, &

NADA for liquidity & volume in FX, and everything of significance from a volume

perspective is being front run by scumbag banks via their offshore ILLEGAL

prop accounts, the entire market structure is nothing but spikes from Hell

followed by “crickets”, until the next time … we’ve had a literal ton of buy signals

in Cable, and every single “Hoover Dam” one of them blown through by spikes to

the upside, where if you click the buy button, you’re gonna get filled at the top

wherever that finally happens to be … then when the order is screwed, it’s back

down at the speed of light … quite frankly, this can’t be traded in its present form

without a terrible reward / risk ratio nobody would accept unless they’re nuts.

Meanwhile, crude can’t hit, or even come close to its 20 Day Range MA, and the

trading action is anything but stellar … early on in Europe, barely acceptable is

more like it, but with a high relative spread to other markets, barely acceptable

isn’t gonna cut the mustard … it’s early yet, a long way to go, but so far

disappointing [gee, that never happens] … I’d like to see better ranges and

trading action in the European morning than what we’re seeing … more on crude

later … USDJPY is simply a joke … “crawl, crawl, crawl, WHAP!, here’s your fill

… enjoy … now go back to sleep … and what we’re left with is EURUSD, which

although not as bat shit crazy [BSC] as Cable, its VIX CONSISTENCY is one

Helluva lot better than Cable’s … and at the end of the discussion, everything

hinges around VIX CONSISTENCY, cuz it’s what you need to know in order to

properly trade a market … it simply does us no good in any FX pair whatsoever

to see down 500 PIPS, UP 600 PIPS, then DOWN 200 PIPS, in about 4 -5 hours,

then the next day we can’t get Cable to move 25 PIPS from a median price over 8+

hours to save its STINKIN’ LIFE! … until of course Europe closes and the poker

game continues with JPM & Squid, and rates suddenly rise straight up the wall

… somebody enlighten me, how the FRICK do you trade that!? … EASY PEEZEE:

“you can’t!”

The big problem with today’s trade, and it surfaced in multiple markets [not crude

though], is the “dead cat bounce” effect right out of the gate with the

Chuckleheads & Mrs. Watanabe & Gal Pals in the Asian session … and this early

session group of rallies has a very high probability of not being sustained … so

what happens? … it stays elevated all frickin’ day AND WON’T BREAK until AFTER

THE EUROPEAN CLOSE … well, isn’t that convenient? … and natch, with the

Dumbo Europeans out of the picture, rates can rise to near 4% on the 10 YR.

Treasury, and here we go lower … LOWER that should have happened much,

much earlier … manipulated much?

I set out today looking specifically at crude oil, and while lately the daily ranges

have come in some, it’s still between $3.75 - $4, which ain’t chopped liver by any

means … as I have stated many times, the critical key to crude is what kind of

spread are you getting, with most houses being absolute crap … Turnkey has

had their moments of infamous glory, but on their VPS server, the spread & latency

is about as good as it gets … until today that is, but it was simply the feed leaking

from the regular MT4 over into the VPS … and that technical problem getting fixed

took all day, right into NOON EST in New York … so while there were some

“muy bueno” algorithm signals in crude, we couldn’t take any of ‘em unless I

wanted to pay Vito Corleone an extra 2 or 3 cents a barrel PLUS SLIPPAGE

… thanks Vito, I’ll wait for the IT fix on the server … can I make a college football

bet in the meantime? … and for the record, crude was no “great shakes” today,

putting in a range that was about 25% lower than its 20 Day Range MA, so it’s

not like we missed the crude oil Olympics or something in terms of price

movement … and while unfortunate, it got fixed and things are back to normal

… shit happens and I can’t blame everything on Turnkey.

The lesson here I think is obvious … even when crude is less than normal, it’s

still better than the other shit infecting the MT4 and subject to bank manipulation

cuz they are all backed by central bank QE CNTRL-P machines … can’t deliver or

produce a barrel of crude oil with QE … largest physical commodity market the

world over, where EVERY COUNTRY USES IT AND IS INTERESTED IN ITS PRICE

… can’t say that about FX.

I’m trying to keep a “bright face” on things, so our PAMM yacht is out of the

harbor, but today we had some issues with port and starboard engines and some

main sails … had to get them fixed … they eventually were, so we’re sitting here at

dusk ready to hit the ocean voyage at dawn tomorrow to pick up our EXXON

VALDEZ tanker filled with cash … when there are issues, you got no choice but to

get them fixed cuz it’s in your best interests … this is no different, although it’s not

like I had a choice in the matter … either give Vito extra “vig” or wait … Vito ain’t

getting extra “vig” … one day does not matter, so it’s onto tomorrow for crude!

… now that we’re back live on the VPS server, the spread is 2 cents with an

occasional 3 cents on the fringe … RT commissions are about 0.15 cents per

barrel, so not an issue at all … here at mid afternoon, crude has a $3.04 range,

and with a 2 cent spread, the “Trading Ratio at the London Fix = 8 … a 3 cent

spread would = 5.2.

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

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

-vegas