HYPOCRITES, LIARS, & MORAL SCUMBAGS

 

“No shortage of scandals involving Preezy Idiot Boy!”

The “clown show” never stops, and the stark truth is, THEY’RE ALL GRIFTERS!

… quite frankly, if Goebbels were alive today, he’d be cheering & clapping seeing

all of his theories of propaganda working so brilliantly by the globalist Elites … I

mean seriously, I could comment for hours per day given the scope of material

these asshats provide us with everyday. First up, Preezy Idiot Boy going

“off script” and his handlers inside the WH cutting his live press conference feed

mid sentence as he started to ramble … good grief, nobody knows what this

Doofus will say! … second up, he claims his first job offer came from

Boise Cascade, which the company says flatly did not happen … more LIES, but

who cares? … then his Sec State, who looks like the kid in 4th grade who

everybody hated cuz he was the “teacher’s pet”, gets up in front of Congress

via Zoom, and blatantly lies through his teeth … “hey, he thinks, what’s the big

deal? … all POLS & Apparatchiks lie, it’s an American tradition”!

Today sees the recall effort in Kalifornia of the poster boy of “white liberal

privilege”, Gov. Newsom, who’s tried to paint his BLACK opponent Larry Elder,

as a black “white supremacist” … stop & think for a second how utterly fucking

stupid that assertion is on its face, and how utterly stupid & dumb people have

got to be to buy into this, yet his sycophants in the MSM would never think to

“call out” a Libtard under any circumstances, no matter how insane the lie is

… of course Elder will WIN THE RECALL, if it were “fair & honest”, but we all

know the “scumbaggery” involving voter fraud will prevail, and Newsom will

survive … I’d be shocked if it were otherwise, cuz there already are numerous

reports of massive voter fraud, so who’s kidding who if you think Elder can win?

… I’d love to see him win, but you people that live inside the U.S., you live in a

Banana Republic run by Liars, Hypocrites, and morally reprehensible people

that control your lives, and if they have to cheat to win, so be it! … you see, you

just don’t know what’s best for you. As Joe Stalin, murderer thug who Libtards

love, once reportedly said, “it’s not who votes that counts, it’s WHO COUNTS

THE VOTES that matters”!

And the “clown circus” will continue once the CPI figures come out, showing no

doubt 8%+ inflation at the consumer level, and the “spin” starts immediately

from those responsible for it … key talking point you’ll hear about 30 million

times from the “smartest people in the room” during the first 30 minutes after the

release will be “transitory” … right, sure … thanks for the not so brilliant analysis

everyone with one brain cell functioning knows is a COMPLETE LIE … again,

Goebbels is smiling from Hell as the propaganda flows like a tsunami hitting the

beach … “You idiots out there … you gonna believe us, or your lyin’ eyes”?

I guess since the CPI numbers didn’t meet the “whisper” higher inflation rate,

everybody is now claiming “victory” over inflation, and it’s all lower numbers from

here going forward … yea sure, it was a setup to be this way for a slight miss

lower … and so, since the U.S. isn’t Venezuela or Zimbabwe THIS MONTH,

everything is F-ing awesome! … propaganda, propaganda everywhere!

Even though I knew we had CPI numbers coming at 8:30 EST this morning, I got

up shortly after the European open and hit the screens cuz I had to do some FX

non dollar cross analysis while Europe started their day, and into the U.S.

session where we had a significant econ report that affects markets … I needed

to see how the spreads came out of the Asian session and into Europe, whether

or not they improved as the European day progressed, and when exactly did they

start widening as we approached 8:30 EST … and, some interesting details

emerge.

First off, we aren’t getting any kind of “deal” trading EURCAD at Turnkey

… spread stays right around 2 PIPS until about 7 AM, where North American

trading basically starts from the guys that matter at the scumbag banks … and

it doesn’t improve much from there at all, only coming down a few tenths of a

PIP as the U.S. enters the picture … all of the crosses stayed stable until about 5

minutes before the release, and then spreads started to balloon … IT TOOK A

FULL 45 MINUTES AT TURNKEY FOR SPREADS TO RETURN TO NORMAL AFTER

THE CPI, AS MOST PAIRS SAW INCREASES OF ANYWHERE FROM 100% - 200%

HIGHER, EVEN THOUGH THE UNDERLYING NUMERATOR & DENOMINATOR

PAIRS CAME BACK TO NORMAL WITHIN 2 - 3 MINUTES … level of greed much?

What most surprised me, was the “risk premium” put into CAD, but not JPY or

AUD … and the most surprising aspect of this is the fact that GBPAUD, which is

a pretty volatile pair, has a bid / offer spread ONLY a few tenths of a PIP higher

than EURCAD, and with a 20%+ higher 20 Day Range MA, it’s a “no brainer” to

come to the conclusion that it makes no sense to trade EURCAD, pay basically

the same rate, and get significantly less for doing so … and so bottom line, going

forward I’ll be concentrating on EURAUD & GBPAUD, and up & until the thieving

LP’s at Turnkey can get their collective shit together and offer the appropriate

spread in EURCAD, something that could happen but probably won’t, it makes

little sense to trade it … quite frankly, it sets up an interesting matrix for trade

possibilities … 1) if the day sees little movement from both EUR & GBP, but AUD

is active, I’ll trade EURAUD, 2) if Cable & Aud are moving I’ll trade GBPAUD, and

3) if everything is dead in the water, I’ll either leave everything alone or trade

EURAUD … cuz remember, it’s the DENOMINATOR PAIR that makes the cross

pair move the most … don’t believe, then do the math and you’ll see I’m correct!

One thing I will mention, is that once the “London Fix” comes and goes, the

spreads for both EURAUD & GBPAUD will start to creep slightly higher into the

New York afternoon trade … at some point both start to slow down, and when

that happens you got to stop trading them and call it a day, otherwise you get

trapped into chop with a higher spread.

Today unfortunately, in the Asian session AUD got somewhat “monkey

hammered” on RBA news, and as I got up and checked prices across non dollar

crosses, both pairs before the day even began had already eclipsed their

respective 20 Day Range MA’s by 10% - 20%+ … that isn’t a “deal killer” per se,

but it does raise “red flags” you have to beware of and pay attention to … then of

course we had the CPI numbers, which for us, Turnkey being Turnkey and

knowing what their LP’s are like [probably the same everywhere], we had to wait

about 45 minutes before spreads returned to normal … Still, even with the slight

CPI miss, both EUR & GBP didn’t move all that much to the upside … EUR went

up about 30 PIPS before backing off, and Cable up about 40 - 45 PIPS … all things

being equal, it was more of an AUD story, and as AUD rallied slightly, it backed

off right as EUR & Cable started their descent … and it setup a great algorithm

buy signal off the low of the post CPI move lower in both pairs.

Only one algorithm buy signal today in EURAUD … TURNKEY PAMM UP

SLIGHTLY LESS THAN 0.1%

Cuz we had the red flag in terms of already breaching the 20 Day Range MA, my

volume was low and it was a pure scalp … doesn’t matter what happens next,

you just move on to the next trade setup, if and when it comes … post CPI, it

never came back until after the London Fix [which btw was uneventful for the

majors today], and by then spreads had widened slightly and the market was

already slowing down … OK, I can deal with that, so onto tomorrow! … I’ll have

more on GBPAUD in tomorrow’s blog.

… outta here … “the future looks so bright, I need sunglasses”! 😎

… Onward & Upward!!

-vegas

NOTHING MATTERS IF NOTHING MOVES

 

“I thought you said you could do math!”

Just when you think markets [cough, bullshit, cough] might have a chance of

moving, along comes another Monday where “Asia flies, and the rest of the

world dies” … quite frankly, Europe is an embarrassment when it comes to

trading anything, where it’s hard to tell the difference between any market that is

open versus when it’s closed.

After I posted yesterday’s Sunday blog update, a few hours later looking at

some charts, something didn’t look right … and sure enough, garbage info in

leads to garbage info out … I blame the dog! … “I thought you said you could

do math”? … so very hard to get good help these days! … anyway, I somehow

got faulty figures for EURAUD, and this is a cross that should be on my trading

list along with EURCAD … directly below, a comparison of 20 Day Range MA’s.

click on table to enlarge

At Turnkey, the spread for EURAUD consistently runs about 0.5 PIPS LOWER

than EURCAD, and the 20 Day Range MA is usually higher, so what’s not to like

here? … well nothing, so like I said, it goes on the trading list.

As the sun rises in New York, it’s another useless Monday in the works, with FX

about as dead as dead gets … if it ain’t movin’, there isn’t anything I can do to

make it move, and the only thing to do is wait it out, otherwise it’s an exercise in

giving money away … 4+ hours into the day, and EURCAD has an approximate

24 PIP range, and EURAUD has an approximate 21 PIP range … we’ll see if the

New York session produces anything, which most likely it will, but even if it does

this is truly pathetic.

This morning sees “bigly & yuge” thunderstorms passing through the Eastern

Caribbean, and we are right at the zenith of hurricane season … it wasn’t a

hurricane, not even a tropical storm, but you coulda fooled me, cuz for about 30

minutes it felt like a replay of Hurricane Maria back in September 2017 … as it

was, it knocked out phone and internet for about 2 ½  hours, from approximately

8 AM EST - 10:30 AM EST … and of course, like you knew it would, during that

time EURCAD & EURAUD had 2 buy signals … granted they didn’t go for much,

cuz today sucks, ranges are constricted, and everybody is in “hurry up & wait”

mode for tomorrow’s CPI print … and just by sheer coincidence, I mean this

almost never happens [snarc], Cable hits its high for the day at … wait for it

… yup, right at the “London Fix” … who woulda thunk? … criminals top to

bottom.

So when I got service back, I get my systems up & running, and lo & behold WTF

was that in BTC and the other crypto pairs? … massive rally followed by

“bigy & yuge” break … seems somebody pranked crypto … a tweet says WalMart

is gonna take crypto for payment and all hell breaks loose to the upside in BTC

… then minutes later, WalMart denies the tweet, and down goes Frazier! … about

$2500 up, and then almost $4000 down! 

As we head into the New York afternoon, AUD has an approximate range of 39

PIPS, CAD an approximate range of 56 PIPS … both down significantly from

their respective 20 Day Range MA’s … most of today’s range occurred in the

Asian session, and since the European open OVER 9+ HOURS AGO, EURAUD

with an approximate range of 48 PIPS, AND EURCAD about 37 PIPS … both

showing reversals on the day around the NYSE open, then falling flat on their

faces into chop … and what that means is simple, it was nothing but a

prearranged stop hunt … if I didn’t know better, I’d think I was trading EURGBP

or some other slow moving glacier … yea, I know it’s a Monday and I also know

the most important print of the week is tomorrow via CPI figures … so what?

… does that mean everything has to die? … no, what it means is everybody is

over trading crypto and there isn’t Mr. Jack Squat for spec order flow in these

crosses or anything else in FX, where everything is corporate or institutional

flow, and the scumbag LP banks front run that flow … there is NOTHING ELSE

HERE!, cuz once that institutional flow is over, you can kiss the baby goodnight!

No trades today in the Turnkey PAMM.

The only 2 buy signals we got in either EURCAD OR EURAUD happened when

internet was down due to storms … of course it did! … every year we get these

disruptions during peak hurricane season, which is late August to October 1, so

it’s not that unusual … just deal with it and move on … even given the crap day, I

like the way these 2 pairs trade … but seriously, these extremely low ranges

can’t be sustained, so it’s onto tomorrow and the inflation numbers.

I’ll be back into BTC for “The Syndicate” by the end of this week, or early next

week, so no worries there. 

… outta here early with this garbage cuz I can't take it anymore today without my

head exploding … “the future looks so bright, I need sunglasses”! 😎

… Onward & Upward!!

-vegas

SUNDAY UPDATE: CAN THE U.S. DO ANYTHING RIGHT?

 

“When does Preezy Idiot Boy face MURDER charges!”

Well now, as I’ve said repeatedly, it only gets worse each day /  week / month that

goes by with Preezy Idiot Boy at the helm … this was quite the 9/11 weekend

anniversary wasn’t it? … let’s check the “highlights” … 1) we found out just how

utterly incompetent U.S. intelligence is, how morally bankrupt the military brass is,

as a large family of Afghans are MURDERED in a U.S. drone strike … first, the

Pentagon tries to claim it was a terrorist strike cuz the secondary blasts tell us

that the guy they targeted had bombs to go off, and that was proven as a BIG,

BOLD FACED LIE … I guess it’s OK to lie about murder if the U.S. does it, right?

… where’s Preezy Idiot Boy in this “chain of command”, and when do those

responsible for this act of murder by the U.S. military brass face charges?

… “don’t hold your fucking breath”! … oh wait, I forgot, the U.S. are the “good

guys”, so it’s OK, amirite or amirite? … meanwhile the aid worker, women, and

children die from a FUBAR led by U.S. intelligence, the biggest oxymoron I can

think of, right up there with “honest lawyer” … all under the guidance from a

demented, criminal Doofus, who doesn’t even know what day it is.

2) this guy is so bad, his handlers wouldn’t let him make a 9/11 speech, for fear

he would FUBAR it up, and end up talking about the 11 year old girl he just saw,

or her hair he liked … instead, his handlers “package” him with a trio of LOSERS

named Clinton, Bush, & Obumba … who, for the record, have killed more people

and caused more destruction worldwide, right along with the LOSS OF

FREEDOMS AMERICANS USED TO ENJOY, so that the “Military Industrial

Complex” could make billions … and then he proceeds to pull his mask down

and yell at somebody … later he laments the fact that people everywhere are

chanting “Fuck Joe Biden” and that there are yard signs he’s seeing saying the

same thing … see, it’s 9/11, but it’s all about him … “oh, it’s about you alright

… and my only hope is he, along with some military “genius’s”, end up with

murder charges filed against them! … somebody tell me, why is it OK for this

Afghan guy and his entire family to be killed by the U.S. when he DID NOTHING

BUT HELP THE U.S.? … if this had happened under President Trump, the Libtard

MSM would be apoplectic in their “faux outrage” and demand “justice” … who’s

surprised they are strangely silent now? … complicit, corrupt, and morally

bankrupt defines them, right along with the guy at the top, the intelligence

agencies, and military brass … what a bunch of “fuck ups” … it only gets

worse”! … and quite frankly, this is what “woke” gets you.

And don’t think for a second all of this is just isolated and doesn’t affect

“markets” [cough, bullshit, cough], if you can even call them that … pretty much

everything on the MT4 / MT5 platform is manipulated by central banks, notably 

the FED, via their BFF scumbag LP banks, and everything starts and ends with

the concept of “risk on / risk off” … from that mantra theme, any particular

market reverberates down through the hierarchy of tradeable markets starting

with the SP500, USDJPY direction, and finally who’s long and who’s short, and

how can the most pain be inflicted upon market participants by banks that benefit

them and those they have to pay the “skim”? … if you were somehow thinking of

going to some higher education indoctrination center for a degree in investment

finance, I just saved you 4 years of bullshit and a whole lotta money, cuz this is

how things work … and what did we learn last week from ZH? … well, how about

them FED governors who buy & sell stock and make millions from inside

information of FED decisions? … and that doesn’t even include part of the

Apparatchik “skim” they get for funneling “FED info” to large hedge funds or

scumbag Wall Street banks! … something we know happens cuz in the past some

of them have been caught doing it, but now with crypto wallets and BTC OR ETH,

it’s all silent and nobody knows nuttin’!

For traders, the dilemma we face is enormous … sure, you can always play the

“position game”, but positioning requires “mucho dinero”, and the rate of error

on positions is much higher … with “vig” on rollovers, high bid / offer spreads,

slippage, plus commissions, and markets that mostly don’t trend any longer

[except U.S. “Stock Bellies”], I have never been an advocate of “positioning”

… that doesn’t mean short term trading is all roses, cuz as we have seen since

the EURCHF debacle in January 2015, followed by the FED going to overt

manipulation of futures with their foray into the crude oil market in February

2016, these aren’t the markets you saw before then, and they sure as hell aren’t

the same markets that were “pit traded” before electronic trading started around

the turn of the century … gold / silver got the “Rally Protection Team” [RPT]

starting in the early Spring of 2012, and despite Basel 3 [which is a joke], trading

gold is a nightmare of high spreads and slippage, made that way cuz the

scumbag bullion banks are not gonna allow you to scalp at their expense

… unless you want to go to futures, crude oil always has been and is now a CFD

joke of utterly ridiculous bid / offer spreads most of the time, and if it gets active

slippage becomes a real issue … “Stock Bellies” have always been plagued with

high spreads & slippage as well, but the real issue now is the FED’s

manipulation of VIX and not allowing indices to “trade” … they go one direction

or the other, like the fattest kid in 6th grade walking up a steep hill, where it’s

slow as hell … you’re lucky if you can get one trade per day!

That leaves FX, where again in the majors it’s “crush VIX” by the central banks

via their scumbag LP bank hyenas … and quite frankly, in some pairs like

EURUSD & USDJPY, VIX has gotten so low they aren’t even tradeable IMHO

… the worst part though, is “IF” they do move and you happen to be on the

wrong side of the ball and take a loss, it’s very difficult to make that money back

anytime soon cuz the market doesn’t move afterwards … Loser Formation here

we come! … It looked like Yen was starting to “wake up” in the last week or two,

but that “wake up” hasn’t helped the Yen crosses cuz the moves in Yen have

been correlated with other major FX pairs … so where’s the benefit? … right,

there isn’t any!

In the past, I’ve attempted to move PAMM trading into crosses, like GBPCHF, but

the Swiss manipulate CHF worse than the BOJ and “Peter Pan Kuroda” do the

Yen … and what still “frosts my cupcake”, after studying GBPCHF for weeks

and seeing a relatively decent market trade with about a 1 PIP spread, I wake up

one day and the spread [for no reason I can see] is now 2 - 2 ½ PIPS and it

hasn’t backed off that since … well, that’s a “deal killer”, cuz the 20 Day Range

MA currently sits around 76 PIPS, and that isn’t good enough.

What we need to see in FX pairs is 1) at a MINIMUM a 20 Day Range MA of 70+

PIPS, the higher the better, 2) LOW BID /OFFER SPREAD, ideally UNDER 1 PIP,

BUT NO WORSE THAN ABOUT 1.5 PIPS, and 3) most importantly, a denominator

FX pair that has decent VIX and moves! … up & until it changes, if it ever does,

that NIXES the Yen crosses, and NIXES the CHF crosses … no cross has EUR

in the denominator, and there’s only one cross that has Cable in the denominator

and that’s EURGBP, but the ranges here border on utterly pathetic, and I’m being

kind … current 20 Day Range MA = 34.6 PIPS, and that ain’t cuttin’ any mustard!

… that leaves AUD, NZD, & CAD … only EURAUD of the AUD denominator

crosses can be considered acceptable, and that’s marginal at best … all of the

NZD denominator crosses have too high of a spread just for starters … that

leaves CAD, where EURCAD IS THE CLEAR WINNER … the rest of the CAD

denominator crosses either have too high of a spread [GBPCAD, NZDCAD], or

the 20 Day Range MA’s are historically weak [AUDCAD].

And although some might want to consider the MXN [Mexican Peso] as a

secondary major pair, it’s spreads are ridiculous no matter where you match it

up, straight up versus the dollar or in a cross … this gives EURCAD the single

advantage of spanning both European & North American [U.S.] sessions for

wider moves over a longer time frame, not simply the European session … and

looking at the 20 Day Range MA of USDCAD, it’s right around 99 PIPS [see below],

better than any pair out there … it’s spread most of the day is around 1.5 PIPS,

and most importantly, back testing the algorithm against EURCAD yields great

results … so, why stick with Yen crosses going nowhere when there’s this

puppy? … and it’s why I’m switching over to EURCAD.

Directly below the 20 Day Range MA’s for selected market pairs.

click on table to enlarge

Onto the week … outta here … “the future looks so bright, I need sunglasses”! 😎

… Onward & Upward!!

-vegas