THE “MAGIC” OF THE EXPERT CLASS

 

“I do NOT consent to your rule! … “experts” my ass!”

How can something THIS SIMPLE, laid out in detail beforehand, be fucked up

this badly, by a group of self anointed “experts”, who assure us every single

day they can solve the “crisis” they themselves created? … unless of course,

they WANTED it FUBAR … EXIT QUESTION: “Is Biden really this stupid, OR do

his behind-the-scene handlers have ulterior motives”? … yes, he IS THAT

STUPID! … and/or is this a case of burning down the largest factory in your town,

so as to distract police & other responders, while the real crooks rob the bank

while nobody is looking or paying attention? … behind the scenes of horrific

bungling, what is government up to that needs to be paid for by human lives &

suffering? … what’s next on the list of potential “Black Swan” events coming

our way?

Well, complete medical tyranny is high on the list … as I said when this Doofus

stole the election months ago, if you iive in Taiwan I’d be GTFO “el mucho quicko”

cuz I know Communists when I see ‘em … or maybe it’s Preezy Idiot Boy’s

“swan song” to hand over power to a wretched socialist / communist

“Manchurian Candidate” VP who will oversee a complete transformation of the

U.S. to authoritarian rule … rapidly … can’t have distractions like Afghanistan

around when you’re attempting to subjugate and control Sheeple in the U.S.

And all of this IMHO, has got “markets” [cough, bullshit, cough] rattled, and it’s

another feather on the back of the camel that’s struggling to stand upright and

walk … how many more before society as you know it completely disintegrates?

Well, that didn’t take long … a few brief days and the world melts, so what?

… the Chipmunks are getting ready to be fed at the NYSE open again, and the

scumbag banks who can read order flow of institutions ready to buy at the open,

goes into full gear … cuz everything is just so F-ing Awesome, I don’t know where

to start … how badly will they get screwed today? … “new ATH’s in the “Spoos”

by the close? … wouldn’t surprise me at all”! … and there goes gold down the rat

hole, where all I can say is, “can we get some actual trading action that doesn’t

involve scumbag bullion dealer / bank LP “scumbaggery” or what”? … this entire

opening of cash markets simply a gigantic SCAM, run by the banks for the banks,

and of course the POLS, Apparatchiks, & regulators “skim” … cuz without the

“skim” being paid, nothing would ever get done or be allowed, and you know it

as well as I do.

London Fix came and went, nothing here but yawns … Cable with an embarrassing

44 PIP range, and EURUSD in the 20’s, and quite frankly all you can do is LOL,

otherwise you’d be crying what a total shitbox FX has turned into this August

… the world literally on fire, and nobody cares … gold can’t do shit, sitting inside

the 5 day bucket of shit range it’s had all frickin’ week … can’t bust 77 and can’t

rally past 93 … ho hum, just bullion banks grinding specs up for dinner is all

… and then there’s the “Spoos” and today is OPEX, and what we saw at the NYSE

is purely criminal, but we see that almost everyday, and since anybody who is

anybody gets their “cut” to look the other way … “Look over there, a squirrel!”

… why should it surprise anybody that once the cash market opens there’s

nothing here? … “it’s afternoon in New York, and once they got done feeding

the Chipmunks, this shit hasn’t moved 5 index points … oh yea, some market

this is.

Crypto somewhat better, but anything that moves at Turnkey sees the spread get

blown to shit, so what does it matter? … Cardano [ADAUSD] up over 20%+ today

in the alt-coins … slow day again in DOGECoin [DOGEUSD] but still not that bad

… I realize it’s August and everything, but c’mon, can’t something move

“normally”, without the “speed of light … crickets” phenomenon playing out

every frickin’ day? … apparently not.

I came into today looking to trade the DAX30 ... that ain't gonna happen cuz

Turnkey's LP's in the DAX30 must be the same ones that do crypto or the

NDX100 ... in other words, it's bullshit, and I can tell by watching the quote box

where a halfway decent spread is interspersed with mystery uptick offers, and

mystery downtick bids ... all you gotta do is watch a spread for about 5 minutes,

and if you're looking to make any trade, take the highest spread you see and

that’s gonna be your spread when you trade … GUARANTEED! … everything

else is fluff and bullshit and phantom quotes … OK, so after doing that, there’s

no way I’m paying 2.2 - 2.5 index points to trade, and that’s before any slippage!

… even with no slippage, that amounts to 5X OVER the futures … trading the

“Spoos”, it’s more like 0.05 - 0.15 over the futures, so why pay more for nothing?

… adios DAX30.

Gold won’t trade and the “Spoos” either are getting monkey hammered or they

crawl higher with almost no corrective activity … sure, nice range today, too

bad it doesn’t matter cuz it’s 100% directional flows that turn on a dime and then

it’s hours the other way … WTF is the trading? … you look at the trading action

before the NYSE opens and it’s an entirely different animal, thn what it looks like

after the criminals get ahold of it … it’s like there’s 2 drastically different markets!

… I dunno, maybe cuz it’s OPEX day, so we’’ll see on Monday … on my radar

screen for trades are Cable, “Spoos”, and our pet yellow rocks called gold

… with Jackson Hole upon us next week, maybe something interesting happens

that makes for some trading … then again maybe not … only 11 more days in this

wretched frickin’ month!

Readers might notice I’ve taken BINANCE off of my preferred trading houses and

taken the link off the website … that’s cuz BINANCE caved to the “U.S. of China”,

and now requires all traders to do KYC … adios BINANCE, now watch as your

business disappears.

Mid afternoon now, and I’m throwing in the towel on this shit … true to form, when

any market goes straight [up/down doesn’t matter], when the correction comes

and you get corrective trading activity, you don’t want it now cuz it’s over … the

chance for corrective activity to enter is gone cuz it never corrected in its straight

line move … so why should today be any different? … cuz now the “Spoos” are

coming off of this multi hour run straight up and moving lower now off the top

… well, goody goody, it won’t matter cuz there’s nothing left to go up for … all the

buy fuel has been spent! … can’t get that 6 - 10 index point correction before

… but it’s here now! … yea well, too frickin’ late, cuz the probability it goes back

and extends the range higher is small … very small … sure, it could happen,

especially with OPEX today, but even so your odds stink now for a long position

with 90 minutes and counting down to the close … meanwhile, gold with a less

than $7 range over the last 10 hours, doing Mr. Slim Pickens … absolutely terrible.

No trades today in the TURNKEY PAMM.

I kept waiting for the DAX30 spread today to “come in” and be reasonable … it

didn’t … that blew the European session to hell, and since the NYSE opened, the

“Spoos” haven’t gone 12 index points … gold & Cable refusing to do ANYTHING

BUT CHOP in ranges that are simply pathetic to watch … what is it I’m supposed

to do with this pile of shit in these conditions? … EASY PEEZEE: sit, wait, keep

powder dry.

Over in crypto, some trading today in DOGEUSD and “The Syndicate is UP

FRACTIONALLY. While some others moved, most notably ADA [Cardano],

DOGECoin put in a normal day, but there were no fireworks to speak of, just

crawling really … oh well, onto tomorrow.

Blog update on Sunday … outta here … “the future looks so bright, I need

sunglasses”! 😎 … Onward & Upward!!

-vegas

UNIMAGINABLE “BLACK SWANS” AWAIT US

 

“Would you buy a used car from this corrupt LIAR!?”

You somehow think it’s bad now? … just hang on to your “big girl panties” and

wait for the immediate future … what Preezy Idiot Boy has laid bare for all the

world to see [HINT: incompetence, moral weakness, corruption, & plain old

stupidity on steroids], especially our enemies, will usher in a new era of

negative “Black Swans” none of the “smartest people in the room” will swear

they had any idea could or would happen … I’ve been saying for months, since

the election was STOLEN, that this Assclown & his “Manchurian Candidate” VP

[who btw has disappeared cuz according to “sources” she ain’t taking the

blame for any of this Afghanistan shitstorm] would bring nothing but

DISASTER & INCOMPETENCE to ordinary people in the U.S. … how do you like

high inflation Sheeple? … medical authoritarianism? … sky high gas prices?

… open borders? … sky rocketing crime? 

Just wait, it’s gonna get worse by any metric you want to choose and hide

behind.

FED chickens coming home to roost! … now, VIX is exploding cuz for weeks

the Dimwits at the FED have kept a tight lid on volatility in order to protect the

“Spoos” from dropping … hello Preezy Idiot Boy and his bumblings, and

suddenly sentiment shifts like a 9.0 Richter scale earthquake, and the sell flows

which have been tightly controlled up ‘till now becomes a raging tsunami they

can’t stop … and if you’re somehow thinkin’ the “Plunge Protection Team” [PPT]

is there to stem the tide and sop up the selling, you couldn’t be more wrong

… they don’t sop up Mr. Jack Squat, and instead wait for the sell flows to end,

and THEN THEY COME IN WITH BRUTE FORCE and bid the “Stock Bellies” higher,

and in the process make you look like an idiot for selling the break … the SP500

[a/k/a “Spoos”] getting monkey hammered overnight in the Asian session and

carrying over into the European session, and what makes this break tough to

judge are 1) we just came off of new ATH’s and people are long out their

collective asses, meaning margin calls are a real possibility, and 2) tomorrow is

OPEX [options expiration] and the selling from negative gamma could make this

break a whole lot worse than it might otherwise be … we’ll see.

I will note, that in retrospect the last few days has NOT seen Chipmunk buying at

the NYSE open, which I find interesting cuz of the immediate shift in

investor / trader sentiment due to the Afghanistan debacle … which as previously

noted above, and in some respects, is the start of the “Black Swan” events

… just listen to the high powered Elites, whose hubris & arrogance knows no

bounds, and their feeble attempts to tell anybody who will listen, that they had

no idea this would happen, and you can’t possibly blame them cuz the dog ate

the homework! … “oh, and I’m still an “expert” and don’t question my Ivy

League credentials or my common sense, cuz I’m smarter than you and don’t

you forget it! … now onto something much more important like diversity &

gender issues”! … meanwhile Vlad & Xi are taking notes and LOL, at feckless

& idiotic leadership, and you wonder why the “U.S. of China” is in deep,

deep trouble?

Welp!, careful what you wish for cuz you may get it good & hard … and today

sees the “Spoos” go from “lazy hazy” a few days ago to bat shit crazy [BSC]

today, almost but not quite as frickin’ nutso as March 2020 … almost, just a few

notches down from that clusterfark … and right on cue, at the criminal NYSE

open here comes the PPT to save the day and protect guys like Bezos & Gates

from losing some of their precious billions … not that it will help much in the

scheme of things, cuz a quick glance around the world and “growth” of ANY

economy is an illusion, and of course whaddaya gonna do with the village idiot,

Preezy Idiot Boy, besides keeping him locked in his basement eating pudding

and doing a jigsaw puzzle? … and then there’s the Faculty Lounge Lizards at the

FED, who are one step away from making the same mistake Greenspan made in

1999, which is to tighten into an economic slowdown that led to the NASDAQ

COMPOSITE going down some 70% … ahh, good times!

There is one good positive event out of this chaos we’re seeing in “Stock Bellies”,

and that’s the fact that I didn’t have to wait long to find out if Turnkey’s LP in the

SP500 CFD was any good or not in an above average volatile market … meaning,

am I gonna get “mugged & raped” on my fills in this clusterfark? … cuz if it’s

gonna happen, today is the day to find out … and lo & behold, I’m quite happy

with our fills today in the PAMM … still doing very light volume, cuz I don’t want

any surprises … I give ‘em an “A-” both for entry & liquidation, and given the way

the “Spoos” were flying earlier, suffering only 0.1 index points slippage is

completely acceptable … now it’s time to see if it’s that way in the DAX30 come

tomorrow’s European open, where lately [last few months] the index has

maintained good behavior and not done wild shit … so we’ll see how that goes,

cuz quite frankly I’d rather trade the DAX30 in the “wee hours” when its cash

market is open, and then the SP500 when the NYSE is open … and if everything

goes OK, I’ll slowly increase my volumes to where I wanna be.

I don’t even know what to say about gold … it flies in Asia cuz of the

Chuckleheads, but then dies in Europe and of course New York … ranges aren’t

that bad, but if you “look under the M1 hood” you’ll see really terrible trading

action … speed of light for a few minutes, and then crickets for hours, meaning

the only thing making this shit go up/down are bullion banks fading spec order

flow, and if the order is big enough, front running the shit out of it … and then it’s

back to the yo-yo bullshit of rinse & repeat.

FX showing some life today, but when you consider it took the “Spoos” melting

down, it’s not really that great … at the London Fix, Cable with an approximate

107 PIP range, EURUSD about a 50 PIP range, and USDJPY comes in around 74

PIPS … better than what it’s been lately, but that bar isn’t very high … still, better

is “better” and take what you can get before it dies again!

We’re heading into the New York afternoon, and it’s readily apparent nobody

wants to challenge the PPT today, and “Spoos” are drifting higher in a very

slow trade … tomorrow is OPEX, so that’s gonna make Friday a clusterfark,

especially in the afternoon.

There were multiple algorithm buy signals today, most before the NYSE open

which I didn’t want any part of cuz of the heightened volatility, and very few after

the PPT blew the shit out of shorts … still, we did one algorithm buy signal in the

SP500 … TURNKEY PAMM UP SLIGHTLY.

As I stated previously, tomorrow sees whether or not the DAX30 can fit into my

trading plans or not … if we get the decent good fills I’ve gotten in the “Spoos”,

I’ll be ready to up volumes and the PAMM will be back into the swing of things

going forward … the trading algorithm is exceptionally good, and with tight

spreads and little to no slippage, even with subnormal VIX, the PAMM will be in

good shape and making money like the participants in “The Syndicate” … too

bad it takes this long, with endless bullshit from Turnkey in the process of getting

somebody … anybody! … that’s an LP to realize you make far more money when

you are “fair & honest” than you do with “scumbaggery” … knock on wood it

stays like this, but in the meantime you have to give them credit for eventually

doing something about it … overall they’ve always been very good to excellent in

FX, but with a new emphasis on world indices, it appears for now they got some

LP’s that are doing a good job being LP’s, instead of the bullshit in crypto where

they mask themselves as LP’s, but are really “market makers” looking to clean

your account out.

Over in crypto, a slow motion train wreck, as DOGEUSD sees a very tight range

for the day, and well within the range of yesterday for an “inside day”

… yesterday seeing a “spinning top doji” on the daily chart, and today it’s simply

a smaller version of that … No trades today for “The Syndicate”, cuz there’s

literally no movement and nothing to do … go figure.

Finally this for the day, a little black humor that rings true to form, directly below.

“I dunno, since I’m removed from the suffering I see the humor cuz of the idiocy

of Gubermint … on the other hand, I wanna cry cuz it’s “too true” and about to

get much worse”! … but for now, I’ll LOL!

… outta here early … “the future looks so bright, I need

sunglasses”! 😎 … Onward & Upward!!

-vegas