FINANCIAL ARMAGEDDON

 

“Hyperinflation is on the way!!”

One of the hallmarks of any system before it collapses, is a dramatic increase

in chaos, and the velocity of that chaos to spread rapidly to participants … in

other words, how many reversals can the system handle, and how fast do they

come? … and the answer is, too “Hoover Dam” fast! … and it makes for some

very rough trading! … gold a nightmare [today a double reversal and it ain’t

over yet!], “Stock Bellies” not very far behind, and other markets like FX

beholden to “Scumbaggery & Fuckery” from the usual suspects based entirely

off of order flow … and about the only thing certain about order flow, is that

it’s a constant scumbag banks take advantage of and move FX.

Quite frankly, there is very little that can be truly scalped on the MT4 … bid/offer

spread bullshit games, commissions, and slippage the great equalizer for the

banks … what is clear, is that central banks will do anything to preserve the

status quo when it comes to FX trading, so a combination of “day trading” with

scalping makes a lot of sense, especially when other markets are coming

unglued … just too fast of movement in “Stock Bellies” and gold with risk

parameters blown to Hell in the process … case in point the DOW30 today, which

was a nightmare mess both up & down, and the usual reversal games in gold,

thank you very much FED.

And since scalping EURUSD at Coinexx can’t be done successfully cuz of

spread games + slippage, stepping up the ladder of VIX and widening the spread

a few tenths of a PIP, we come back to GBPJPY … it won’t be a true scalp, nor will

it be simply a day trade … mix the two … and to that end, in order to add a

directional component to the trade [as good as the m15 IMHO], I add the ZERO

LAG MA AT PERIOD 96 [steel blue up slope, pink down slope] … my buy

algorithm trades I want to see steel blue, and if pink I generally avoid them

… directly below a screenshot from today’s trading.

click on chart to enlarge

It’s important to note also the risk or reward of BOJ YEN intervention … if they

are to intervene they do it when, 1) too many longs in the marketplace and they

trap them with a rally first, and 2) you don’t sell into strength in USDJPY, you sell

into weakness, cuz the market is already willing to go down and longs are

already bailing out … remember, the purpose of intervention isn’t to make money,

it’s to punish specs … the worst thing that can happen is if you intervene and the

market gobbles it up and goes higher still … now what? … and that’s why they’ll

always sell USDJPY on weakness, and why you follow the algorithm!

No trades in anything today … tomorrow is a “bigly & yuge” data dump, along

with the FED interest rate decision … plenty of action tomorrow.  

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

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

-vegas

CHICOM THUGS LOVE CAPITALIST MARKETS

 

“And capitalist pigs love the ChiComs!!”

The hilarious irony is that the ChiComs are better capitalists than the pigs on

Wall Street … they understand the long run better, and if SHTF somewhere, they

lay the blame as far away from themselves as they can and start again … with

Wall Street money no less! … the most obvious market where the ChiComs are

playing the West is gold, where the flow of gold from West to East is completely

one sided … what gold goes into China, never ever comes back out! … and when

they eventually back the YUAN with gold, and in the process bankrupt the fiat

West without firing a shot, maybe then the idiots running the Banana Republic

will wake the Hell up. [Don’t hold your breath.]

J-Hole week starts with the ChiComs threatening intervention, rates rising,

“Stock Bellies” rallying cuz “we don’t care about stinkin’ rates”, USDJPY going

back over 146, crude oil creepingly quiet, and gold getting completely

disrespected and hammered lower, with no trading bounces allowed … the

financial world a complete mess, but what else is new? … it’s the way central

banker scum want it, cuz remember, “never let a crisis go to waste”, and there’s

plenty to fret over if you let it get into your head … meanwhile, FX tiptoes gently

in a dance of nothingness, going nowhere, the only thing happening being

scumbag bank LP’s are front running orders and fading collective spec order

flow … in other words, the usual.

In this crap August environment we’re in, EURUSD about as pathetic as pathetic

can be when it comes to trading action … and yea, I’m cutting EURUSD some

slack cuz it’s the August doldrums, and historically this isn’t a decent FX trading

month to begin with, but on the other hand there’s no “usual” anymore to

markets to concern yourself with … it’s whatever central banker scum decide it

should be, and the CNTRL-P printing presses go “BRRRRRRRRR!” to make it so

… still, even when some semblance of VIX does reappear, whenever the Hell that

might be, even with a superior spread and low total cost, I’m not sure EURUSD

is the most optimal pair to trade … I’d have to say looking at different factors,

either GBPUSD or USDJPY ARE BETTER AT MAKING PROFITABLE TRADES.

And I say this cuz at IQCENT, even with EURUSD at 0.2 or 0.3 total cost, it’s a

B.I. Itch most of the time to even get this pair out of the spread … and even when

it leaves the spread, the “gap pricing” we see in all FX pairs isn’t immune to

hitting EURUSD … you’re up money, you hit liquidate, you lost … thanks, come

again! … and while you can call it slippage if you want, it’s more of the

“gap pricing” problem we see in EVERY FX MARKET TRADED … in other words,

the $64,000 question is simply this … “what good does a razor thin cost

structure do you, if you get “gap pricing” that takes it away? … would it not be

better to maybe pay a tenth or two more in terms of fractions of a PIP to get more

movement? … like JPY or GBP? … and if you’re trading at a house like Fusion

Markets where FX has ZERO spreads, and a $4.50 round turn commission,

would not EURJPY or GBPJPY be even better? … cuz the dirty little secret is,

you’re gonna get “gap pricing” whether you like it or not, and it doesn’t appear

to me to make that much difference which pair you call home.

With all of this said, the pathetic price action in EURUSD should be shunned in

favor of more volatile pairs, like GBPJPY, IF THE COST STRUCTURE IS ONLY A

FEW TENTHS OF A PIP, TO MAYBE A HALF A PIP DIFFERENCE … and even at

Coinexx, GBPJPY is only about 0.7 - 0.8 total cost on most days, so to get about

a 50+ PIP differential for a little more than half a PIP seems like a decent tradeoff

… cuz like I said, you’re gonna pay the “LP tax” with “gap pricing” no matter

which pair you trade … and that’s the dirty little disgusting secret nobody will

tell you but ME, but actually impacts your trading if you’re a scalper or short

term trader.

No trades for the PAMM today, I’ll be giving GBPJPY another look starting

tomorrow, while I fully realize none of these pairs is gonna escape the “gap

pricing LP tax” … might as well get something in return for the risk … the V3

algorithm is exceptional in modeling the YEN crosses, so we should be fine

… for “The Syndicate”, some light USDJPY trading at IQCENT, and we’re UP

SLIGHTLY … onto tomorrow.

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

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

-vegas

CHINA SLUMP, USDJPY DUMP

 

“ A truer trading “rule for profit” you’ll never find or discover!!”

And just like that, more or less 10 trading days of up moves, only takes 3 trading

days to wipe it out … I said last week, that when USDJPY couldn’t vault 145 on

the highest STIRS seen since 2007, and instead moved slightly lower, that

maybe, just maybe the run in USDJPY is over for now … cuz what shoulda

happened didn’t! … and while your brain is saying be long USDJPY, your eyes

are sayin’ and seein’ something entirely different! … as a position trader, it’s a

very nasty problem to overcome … as a scalper, each day is its own “bull / bear”

market and nothing else matters except what the chart is showin’ you.

I noticed last week and observed over the weekend, that as far as the non dollar

crosses are operating, the paradigm for any of ‘em seems to me to be shifting to

much lower ranges and VIX … and since the world trades mostly the YEN

crosses, as I’ve said before on the blog, the other central banks of the world

appear to be silently supporting the BOJ and not allowing the VIX we would

normally be seeing to occur … pre 2008 financial crisis, Cable / Yen enjoying

300+ PIP ranges almost every day … now 15 years later, we’re lucky to see the

20 Day Range MA at around 150 … and a lot of that coming on “opens” for the 3

world sessions, or on economic reports that can’t be captured cuz they happen

in microseconds … take those away from the equation, and Cable / Yen is lucky

to see 100 - 110 PIPS from any kind of normal trading environment … adding

further insult to injury, the present day “risk on / risk off” [RORO] horseshit that

comes from the ChiComs at the start of every single frickin’ day, sees dollar

pairs  moving together as a block, much more than in previous years and

decades where USDJPY would almost always move contra the other dollar

pairs.

ChiCom deflation the “meme dujour” … and suddenly, and by no means a

coincidence [just like last time USDJPY went bat shit crazy (BSC) to the upside

in 2022], the banks get saved with massive USDJPY selling that seems to have

come out of nowhere … and the long positioned specs, are getting hunted by the

“Elmer Fudd banks” … and through all of this, the better pair to trade is USDJPY

and not GBPJPY … starting tomorrow, USDJPY becomes “home”, as

“gap trading” in Cable / Yen gets ridiculous … just too many algo signal

opportunities getting blown through that would have seen us get hosed by

multiple PIPS … what does a higher range mean if you can’t get the trades you

want when you want them? … you want to buy it at 15, and it’s at 23 before you

blink your eyes … well, the “gap trading” in USDJPY not nearly as bad as it is

in Cable /Yen … so whatever of the 3 pairs has the higher 20 Day Range MA

[EUR, GBP, JPY], I’ll trade that for the PAMM … no trades today for the PAMM

… we’ll pick up USDJPY for a little bit in Asia tonight, and then hit it harder

come about 5 AM EST.

Over at IQCENT, with BTC stuck in mud, a very quick change over to NDX100,

where the action picks up with the criminal money laundering NYSE open … and

the “Special Trading Algorithm v2” working perfectly in this delusional tech index,

where BTFD-ers are always lurking to send it higher … we just have to be a

microsecond faster than the Newbie Chumps using traditional indicators to call

for a move higher … and cuz it’s the world’s favorite tech index, they show up in

droves! … “The Syndicate” UP APPROXIMATELY 1.2% … onto tomorrow! 

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

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

-vegas

LAB RATS ON A HAMSTER WHEEL

 

“The biggest challenge in life & getting off the wheel is overcoming fear!!”

Markets [cough, bullshit, cough] meandering around in front of NFP, but overnight

saw some USDJPY liquidations … I think it was more of the failure to bust higher

after yesterday’s blowout ADP numbers, that got people thinkin’ maybe it’s time to

lighten up on some long YEN & YEN cross positions, than pre NFP positioning

… and like almost always, they do it when this side of the world is asleep, so that

by the time I wake up and hit my screens it’s all over … now you know why

scumbag banks love 24/5 trading.

You look at these traditional markets, and I don’t know how you NOT feel like a

hamster running in place … until you realize it’s ALL bank front running order

flow, and that there are NO “fun-durr-mentals” to speak of, you can run as hard

as you like, and the result is gonna be the same … you buy highs from banks, and

then sell lows to banks, and the process repeats … breaking free from the

hamster wheel is what scalping is all about … the banks do everything in their

power to thwart short term traders … you rise above it and do it anyway.

Each and every month we play this stupid fucking game with made up, make

believe, horseshit government numbers nobody has a clue where they came

from … and each month, almost without fail over the years and decades,

somebody goes in and gets monkey hammered up & down no matter the

market … who keeps doing this? … you’d think they would learn, but no … and

through it all, run by the most corrupt people in suits but always staying in the

shadows … what utter and complete garbage.

It’s no secret, I hate NFP Friday’s for trading … always have, always will … Asia &

Europe are usually a waste waiting for it, and when it does come order books get

blown to shit ‘el quicko mucho”, spreads get blown out, and the day gets

artificially shortened by it cuz the weekend beckons … by my accounts,

historically the absolute worst day of trading for the month.

One algo trade in the PAMM today in Cable / Yen … UP SLIGHTLY … over in

crypto, a slow day range wise in BTC since the early hours of only about $400

… “The Syndicate” up slightly as well … more on all of this on the Sunday blog

update.

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

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

-vegas