WHEN IDIOTS RULE

 

“How do you like me so far after 17 months!?”

It’s so bad, even his own VP, the “Manchurian Candidate” herself, one Cackles

Harris wants nothing to do with him … have you seen her at all with him in

anything? … has anybody seen her at all? … nope, disappeared into the closet

while another staffer quits … the entire U.S. Government is run by Satanic Idiots,

where apparently killing unborn babies is = “reproductive health”, and by the

looks of it, Ukraine is gonna become the 51st state, having leap frogged over

illegal aliens from Central America in vying for “free shit” … amazing how these

Asshats in Congress can give Ukraine $40 BILLION for nothing, but Veterans

here are facing massive problems, declining growth in wages & standard of

living for people who actually work, shortages of baby formula, shortages of food,

and the lower & middle classes of ‘Murica can GFY, thank you very much POLS

… you don’t count Skippy … only at election time do they come around cuz they

need to keep power above all else, and even bigger Idiots give it to ‘em … sorry,

this country is screwed!

It’s the “same old, same old” bullshit in FX today … “lightning or crickets … large

m1 spikes followed by hours of tiny m1 ranges … EURUSD can go 40+ PIPS in 3

minutes, then can’t go ± 5 PIPS over the next 2 hours from the median … in other

words, a complete inconsistency in VIX that allows “traders” to make money

… no corrective activity that means anything, that your looking for to open a

position … the scumbag LP banks aren’t allowing that anymore … ditto with YEN

… and if you happen to get caught in one of these lightning strikes? … well,

you’re screwed cuz VIX is over and ain’t coming back to help you … and therein

lies the problem! … throw in dirtbag quotes and slippage, and now it’s even worse

… great, EURUSD under 1.05 … after the European open where it went down

40+ PIPS in 3 minutes, tell me now what’s the aftermath? … there ain’t any!

… mindless bullshit chop coming into the New York session … oh yes, plenty of

trading action in the “Spoos”, but if you trade at Turnkey you’re gonna discover

that your cost to trade the “Spoos” is right around 3 FULL INDEX POINTS … go

ahead, click away, and then let me know how long it took you to figure out you’re

getting fucked blind.

We’re getting to that point in the process of massive liquidation of everything

financial where the ONLY thing that matters is what happens in the New York

afternoon, specifically the “Spoos” … more than likely “Stock Bellies” won’t be

able to hold early morning rallies, but get past NOON and if this stuff starts

kicking in to the upside, look the Hell out cuz like previous rallies it’s fast &

furious … and unless the Dopes at the FED get off their ass and start talking

about pulling back from this insane outlook of repeated 50 & 75 bps rate hikes

like it’s biz as usual, “F-ing Ho Hum”, it isn’t gonna matter much when the

financial world is on fire and nobody will listen … you think they’ll listen?

… don’t count on it.

What did we learn today, besides the fact the entire financial world is as fucked

up as the political one? … 1) markets are moving faster than anything you got to

track them, and the turns are mind blowingly vicious … in other words, unless

you get in BEFORE the fact, you got no chance of getting a decent fill

… 2) central bankers are completely clueless, 3) USDJPY feels like a top has

been made and it’s very likely YEN is gonna be a B.I. Itch to trade going forward,

and 4) we learn that Turnkey is just as big a pile of shit in the FTSE100 as they

are in every other stock index they offer … the spread is an ILLUSION … 0.7 index

points my ass! … what a rip off, with the REAL effective spread after the rape

approximately 2.7 - 3 FULL index points … so, the 50/50 maybe it’s got a shot to

be legit, is sadly bogus … like all of their “Stock Bellies” indices, not worth

trading cuz they are RIP OFFS!

It appears crude oil is maintaining a 3 cent spread, and tomorrow it gets its shot

at some algorithm trades … and like the FTSE100, I don’t know if the 3 cent

spread is legit or bogus … we’re gonna find out tomorrow … my guess is it’s

bogus, the only question being how much does the robbery cost? … volume

will be light, so no matter the mugging if it happens it won’t involve anything but

an inconvenience to the bottom line … what I’m interested in is whether or not

they make a legit market … so far, their track record sucks, but we’ll see.

Only the one FTSE100 algo buy signal today … it came mid morning Europe

… and after that hold up, I’m no longer interested in anything Turnkey has in the

stock indices … rip off artists in the extreme … TURNKEY PAMM UP SLIGHTLY.

When you look at these markets, at first blush the ranges are excellent … but

underneath the hood lies danger, in the fact that everything except crude oil has

extremely inconsistent VIX throughout the day … liquidity is awful in major

markets, and the “Spoos” trade like a fucking penny stock in Vancouver via the

“pink sheets” … thanks FED! … meanwhile crypto is at a crisis moment and

doesn’t look good at all … I’m completely out of crypto, and have been since BTC

went sub 50K after hitting an ATH of about 68K … ditto the Mrs., who now trades

crude & the “Spoos” … and looking at BTC, forget BTFD, and look to STFR if you

want to prosper going forward … quite frankly, IMHO it’s gonna be a very long

time before crypto regains its luster … sure, there’s still dinero to be made, but

the easy money is on the sell side first! … trade it, don’t marry it!

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

… Onward & Upward!!

-vegas

THE GRIFTERS NEVER STOP GRIFTING

“Onto the abortion “GRIFT”! … REMEMBER, I GET 10%!”

With the faux outrage over Ukraine having ALMOST been milked dry, not the least

of which they ran out of Ukrainian flag lapel pins for Hollywood Elites, and most

importantly all of the POL Grifters [both parties] having received their kickback of

weapons system sales, it’s time once again to shift the Libtard “moral goalposts”

and use the occasion to … what else? … raise more money, cuz without your

$10 that you need to send us IMMEDIATELY, more babies will actually live and

what a sad world that is, amirite or amirite?

Never mind that your “standard bearer”, one “Taliban Joe”, actually was against

abortion when it was deemed politically convenient … but over time dark money

political contributions, getting votes from who knows where on demand, and

suddenly the guy in diapers is a hero to the Left … if it wasn’t for double

standards, they would have no standards.

Today is inflation numbers day … and the entire world is watching to see if the

U.S. takes the next step towards Venezuela … the consensus among Wall

Street’s “wizards of smart”, is that inflation cooled a bit … how much doesn’t

matter as much as the headline “it’s better than last month” so the POLS can

crow “inflation is over”! … nothing to see here Sheeple, we got it all under

control … see how smart we are!?

EURUSD for now, stuck in a bucket of shit for the 10th day in a row, and let’s

hope there’s some kind of surprise in the numbers that wakes the Hell up a

sleepy FX market … probably, we’ll see.

Welp!, the “wizards of smart” wrong again … instant & immediate 1) collapsing

prices, and 2) blown out spreads … is there liquidity in anything? … there

doesn’t appear to be and it’s 45 minutes after the stupid report! … and by the

looks of the bullshit spreads at Turnkey, plus their infamous slippage,

“protection” sought by the scumbags who claim to “make a market by providing

liquidity” [what a joke this has become], nobody really knows WTF is going on or

where the next price gap is gonna be … could be big up or could be big down,

and for sure they’ll make it impossible to trade out of anything without a pound

full of your flesh … thanks central bankers! … they call this shit “markets”?

… more like a casino table game.

Yawn, EURUSD right back to where it was when the report carnage first hit

… elevator down then elevator back up … having fun yet? … USDJPY spread at

Turnkey blown out to a joke level … throw in expected slippage on any fill, and

you’re gonna need 2 FULL PIPS on any trade to simply break even … they aren’t

gonna allow you to scalp or look for short term trades … some days I wonder

how they stay in business … what’s gonna be interesting to see, is how the

assorted central bank Lounge Lizard Apparatchiks keep the fiat Ponzi juggling

act going down the road with more & more bullshit each day … ECB Apparatchiks

all over the wires earlier today before the U.S. CPI report, talking up rate rises

… of course they knew what was coming … so will today’s “hot” inflation

numbers rekindle talk of a 75 bps hike in June, or does Spicoli and crew “walk it

back”? … whatever they do, YEN & EUR depend on it, or there’s gonna be real,

real trouble in FX land! … and as long as everything is being manipulated, it

wouldn’t hurt if the “Plunge Protection Team” [PPT] showed up and blitzkrieged

“Stonks” & “Stock Bellies” higher and trapped a whole shipload of shorts on a

massive reversal day … not prediction’, just sayin’.

And if you’re watching this horror show at home, I hope you realize there’s

better liquidity at your local grade school in marbles & baseball cards … there

certainly isn’t Mr. Jack Squat in any of these so called “high profile”, world’s

deepest markets bullshit cuz everybody is scared shitless of making a mistake

… the “Spoos” being a perfect example … quite frankly, that’s what you get with

“financialized” horseshit taken to the extreme by options markets, where

“gamma” positioning is the ONLY THING THAT MATTERS when it comes time

to squeeze somebody … everything else is bullshit … the thing about panics is,

you can’t gauge the extent of those puking, or how much they got left, and if you

take their “puke” and you’re wrong, you’ll be the next one lined up in the queue

at the toilet! … the FED better get its shit together real soon, or we could be

looking at a real apocalypse in financial asset prices.

Into the London Fix and the closing of Europe, I’m pretty sure nobody is happy

with the way FX responded today to the U.S. CPI numbers and then wilted like a

flower kept in the basement … yup, the scumbag banks first got the sell stops,

then flipped it and made the “news traders” who got short pay the Piper

… thanks, come again, day is over … again with the “lightning moves … crickets”

and VIX goes from heart attack level to morgue in very few minutes … and once

again, it’s VIX that’s being manipulated here, not price, and when they got you

trapped, you’re screwed with no place to hide and a widened spread … this

bullshit has got to stop.

Turnkey’s spreads today a frickin’ mess … absolutely appalling at times … not

every market, but the main ones literally a freak show … meanwhile crude has

another $8 range day, ho hum … BTC getting some activity, but the disaster

known as LUNA [$87 to less than $1] not helping with their stablecoin [TERRA]

going tapioca … still, BTC tied to the NDX100 in a scary correlation.

FX is an absolute mess … the way the EURUSD market is quoted is a travesty,

with today at times seeing 2 FULL PIPS between a bid/offer quote in a

microsecond, and plenty [think grains of sand on a beach] at least 1 FULL pip

… BLINK YOUR EYES and it’s the other way multiple PIPS, only to see a full

turnaround after you blink your eyes again … and no, the solution is not to blink

your eyes, the solution is to leave this shit alone unless it’s actually going

somewhere, cuz if you try and scalp it, the only scalp on the floor is yours once

you see your shit fill … rinse, repeat a few times and this can get ugly … and for

the 10th day in a row another major mess with no end in sight … no doubt

tomorrow will see multiple ECB Apparatchiks glowing about the expected rate

hikes to come, the rhetoric growing hotter and faster as EURUSD approaches

any attempt at breaching 1.05 on the downside … if the market believed any of

these shitweasels, why aren’t we higher?

Sure, the solution is obvious “IF” Turnkey offered fair & honest markets to trade

… fact is they don’t … the “Spoos” are rockin’ & rollin’, with some great ranges

and plenty of minute-to-minute action … problem is at Turnkey the “effective”

spread rate [cost to trade] is close to 3 FULL INDEX POINTS … at SIMPLE FX it’s

0.3 INDEX POINTS … oil you never know what they’re gonna do minute-to-minute

with the spread, as it can go from 2 - 3 cents on the low side, to as many as 10

cents on the high side WITHOUT WARNING … has happened many times!

… wanna be in a position and get caught in that bullshit?

I’ve looked at every market Turnkey offers, and I think there’s at least a 50/50

shot that the FTSE100 CFD being legit … it’s quoted with a spread of between

0.5 and 1.0 index points, most times closer to 0.7 than any other value … OK,

that’s acceptable … good 20 Day Range MA around 128 index points, and the

scalping / day trading ratio is close to 10 : 1 most of the day .. so far so good, but

what I don’t know until I trade it, is whether or not 1) the spread is legit or Turnkey

bullshit slippage gets added, and 2) if slippage is added by how much? … well

tomorrow we’re gonna find out, as I’m gonna be doing some light orders on

algorithm buy signals … if we get screwed, so be it, but I have a sneaking

suspicion they want the FTSE100 and the French CAC40 to be competitive … right

now, nobody really has a good DAX40 market in CFD’s, and they are all priced

over 2 index points at a minimum no matter where you go … quite frankly, the

industry may have given up on the DAX40 … in any event, if we do get hosed by

Turnkey, it won’t be by much and won’t represent any decent chunk of change

[I think], but we’ll see what happens … and if it turns out I’m right, we got a

decent “Stock Bellies” market to trade, instead of horseshit FX and piddly tenths

of a PIP, in markets that ain’t going anywhere … and quite frankly, anything is

better than what’s being offered up to us now, and I’m gettin’ sick & tired of being

sick & tired of inconsistent rinky dink ranges giving us NOTHING!

No trades today in anything … let’s see what the English “Stock Bellies” has up

its sleeve … can’t be any worse than the FX crap. 

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

… Onward & Upward!!

-vegas

 

GROUNDHOG’S DAY OR APRIL FOOLS?

“Now I know who runs FX!”

A glance at the 20 Day Range MA’s from the Sunday blog update, and no matter

the market, the numbers are either at records or very near … things simply can’t

go on like this without a wholesale breakdown of modern day trading finance

… GBPUSD at approximately 328 PIPS can’t be sustained, and over the next

weeks into Summer is poised to go down significantly … today not even barely a

100 PIP range at NOON EST … today a masochists dream, with up/down moves

to the Asian session tips inside the glorious “Flying Wedge of Death” [FWD]

... third day in a row of this bullshit … “why do I have to be stuck in this kind of

day? … why can’t I be stuck in that day I won the lotto”?

GBPUSD today simply a psychotic mess, all inside the lowest range day [so far]

since February 27th … can’t break, can’t really rally unless following USDJPY

lower, and the rally today about the ugliest you’ll ever see … again, like every day

this week, low range, FWD, and mucho spikes up/down from hell … one second

it’s here, and the next second it’s 15 - 50 PIPS away … sure, honest markets.

And while VIX across the board is dropping some cuz the all out panic selloff

has abated for now, you simply can’t assume large ranges and very large moves,

very quickly are over … that kind of an assumption is likely to get you hurt

… IMHO I don’t think it’s over, and I don’t think the shortage of dollars the world

needs is over either, and so bottoms in everything seems a bit premature at this

point … it looks & feels like Cable is getting some kind of intervention support

… off the bottom we’ve seen nothing but buying straight for 8 days now, which is

quite unusual for an FX pair that literally fell off a frickin’ cliff from the 1.32 level

all the way down to 1.14 … the complete “one way” action we’ve seen is strange,

very strange … but, this is “The Widow Maker”, and it’s got that namesake for a

reason.

Again today, some good algorithm buy signals, and again today all but two of

them blown through signals price like a blowtorch through a stick of butter … I

guess the scumbag LP’s know what I know.

Two algorithm buy signals today … TURNKEY PAMM / MAM basically “UNCHD”.

After commissions, down a couple of dollars collectively over the PAMM, with

the first signal losing and the second profitable … and really, it’s only due to

risk control that the first lost some PIPS, cuz it turned around and would have

been a winner if held onto … not playing that game in this environment. Three

days in a row of tight ranges, sloppy trading action, and essentially 3 “doji’s” on

the daily candlestick chart … enough of this shit, move somewhere!

… amazingly, bid/offer spreads coming in some, with the FTSE100 “almost”

back to normal … if I see any decent algorithm signals, while the spread is

decent, I may make the trade, otherwise it’s Cable.

… until tomorrow mi amigos … Onward & Upward!!

Have a great day everybody!

-vegas