NO WORRIES, ONLY 7% “OFFICIAL” INFLATION THAT’S ALL

 

“Please, don’t get me started!”

And if you believe inflation is only running at 7% at the consumer level, I got

some farmland in the Atlantic Ocean for sale really cheap … You interested?

And the manipulators that run FX have done it again … right after Europe closes

at the “London Fix”, away she goes to the upside leaving no prisoners in GBPJPY

… and why these outfits aren’t in jail … well, we know why … welcome to another

day in the rigged casino.

I’m fighting stomach flu today, along with internet outages, and super high winds

here in the Caribbean … not a good day to be here … nothing it seems can move

Cable/Yen, except when Europe closes and it’s off to the races every day this week

with bullshit manipulative moves … talk about hard to capture, they make it

“Hoover Dam” near impossible unless you’re willing to buy rallies and/or sell

breaks … good luck with that … reversals, double reversals, what a bag

of horseshit.

And it’s no bouquet of roses over in crypto, where blitzkrieg down movies are

coming out of the woodwork and laying waste to crypto pairs … fortunately,

crypto “bounces” and actually trades some, while even movers like Cable/Yen

can stall in their tracks and leave you wondering if the market is even open

… this entire week in GBPJPY is / was a disaster, not from a P/L side but from

a trading perspective … the European session a complete joke of inaction and

very tiny ranges from which to operate … and then every single frickin’ day sees

mid to late afternoon New York trading, which I want to avoid, make moves

within an hour Europe couldn’t do in 9+ hours … frustrating to say the least

… looking at a daily candlestick, you wonder what’s the point? … only Monday

worth anything and I didn’t turn to Cable/Yen ‘till Tuesday … so here we are,

another day seeing the European session with a very sub par range of about

40 PIPS over 9+ hours, with the entire day well under its 20 Day Range MA

… haven’t seen this since the end of August into September … I’m thinking it’s

cuz of the impending BOE meeting coming up on Thursday next week, one

where again analysts are looking for a rate hike, and what happens if they

don’t get one? 

For that matter if they do get one, is it a “one-off” buy the rumor sell the fact

kind of situation where Cable can’t win no matter what the idiots at the BOE

do? … caught in the crosshairs ‘till then, the cross is “STUCK” around 150-ish

with very little volume, liquidity, or interest among the institutional money flow

crowd until the BOE becomes known … as for specs, there aren’t enough of

em to matter anymore, cuz they’re all trading crypto instead.

When ranges are “tight”, you will get no bounces in Cable/Yen … they simply

bleed losers until there is no more blood to be had … this week has been a VIX

disaster in GBPJPY … the algorithm needs VIX, and 40 PIP ranges over 9+ hours

ain’t it! … it’s not like the algo is asking for 200 PIP ranges, cuz it’s not, just

something north of 90 and we’re in great shape … but 40, 50PIPS? … good grief,

corn spreads are more volatile … and the simple reason we need VIX is cuz

corrective activity depends on it for positioning … and without it, we’re simply

watching coin flips.

No trades today in the Turnkey PAMM … Europe won’t move, and I’m not

depending on New York afternoons for trading action … that’s a suckers play if

there ever was one cuz you’re dealing with pure thieves & criminals at the Wall

Street Banks … screw ‘em, I’m not about to hand them money just so I can say I

traded … next week should be much better, with Thursday & Friday

“gangbusters” once the BOE is out of the way.

Over in crypto land, it’s “Mr. Slim Pickens” in ETH … pretty much the whole

week outside of Wednesday, was either dead or going straight down

… “The Syndicate” today UP FRACTIONALLY via multiple ETH trades … not

a pretty picture in crypto at the moment, and while we’re still grinding higher

slowly but surely, this week has been rough … it is what it is.

Blog update on Sunday … outta here … “The future’s so bright I need

sunglasses!! 😎😎 … Onward & Upward!!

-vegas

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

RUH ROH

 

“The bagholders caught LONG holding AMZN! … No worries, buy MOAR!”

And suddenly in an instant, “Stonks” sour … “well, that escalated quickly to the

downside, didn’t it”? … a very disappointing earnings report & guidance from

AMZN, one of the “darlings” of NASDAQ fame, and now it’s “crunch time” for the

“Stock Bellies” … natch, AMZN should announce a big bond offering, that will

solely be used to buy back stock, just like AAPL did, and then the Ponzi scheme

can go on uninterrupted … in the bigger picture though, as ZH laid out yesterday,

the retail public is “ALL IN” … the link directly below for those that missed it

… something to chew on as the “investing” [cough, bullshit, cough] world has

gone completely insane FOMO-ing “Stonks”, especially the “darlings & beauties”

of the NASDAQ tech sector.

https://www.zerohedge.com/markets/moment-wall-street-has-been-waiting-retail

-all

“Plunge Protection Teams” [PPT] out early today, as both “pre-open” & “cash open”

in Europe sees a big jump in the DOW30, that immediately gets faded … but

consider the message they’re sending … they won’t even let the indices go down

0.5%, they are so fucking afraid of what might happen if prices start cascading

lower and bringing into question the Ponzi of the FED and the stone cold idiots

running it … it remains to be seen if this can hold, but here early it looks and feels

like “lines in the sand” have been drawn by the manipulators.

The first few hours of Europe trading are in, and the sun is coming up in New York,

and this is one of the worst indices trading days I have ever seen from the

perspective of 1) trading price action, 2) flow of orders, and 3) extremely pathetic

volume … I can’t recall a more “disjointed” trading scenario in many a moon

… literally everything is sheer panic … oh wait, my bad, and the other way we go

at the speed of light … my only hope is the NYSE session isn’t as bad as this

… and given all of the news flow, from a terrible earnings report from AMZN, an

economy rapidly going downhill, Preezy Idiot Boy about to order another useless

lockdown, and every econ data release a disappointment along with much higher

inflation, and the frickin’ DOW30 doesn’t even have a 200 point range

… unfrickin’ real! … and as we work towards the NYSE open, does the DOW30

drift higher now so the banks can literally “skull fuck” the Chipmunks at the cash

open again on the upside, like they do most days? … new ATH’s imminent before

Noon? … “no matter where you live, go open any window nearest you … can you

hear the “Brrrrrrr” of the CNTRL-P machine working overtime?

If we do start sliding after the NYSE open, the key question is, where does the PPT

step in? … you’’ll know it when you see it! … all we’ve seen today so far is panic

both up & down … M1 spikes from hell everywhere with ZERO follow through,

although one PPT ramp up did bear some fruit … so what, what about the 15

spikes before that which didn’t? … and therein lies the problem when there’s no

volume to speak of, cuz the “buy fuel” is so very short [and mostly not so sweet]

in terms of scope, that when it’s done the banks smack the living shit out of price

before you can blink your eyes … throw in the spread, LP bullshit slippage +

commish, and if you don’t see the problem you aren’t looking very closely at what

I’m saying … all part of the manipulators plan of course, which is to kill VIX and

leave you dangling.

And speaking of “dangling”, here’s the FED leaving you with some cheer … their

“favorite” inflation gauge up the fastest in 30 YEARS … does this spike look

“transitory” to you?

click on chart to enlarge

Ah well, screwing the lower & middle class since 1913 … good job elitists! … but

does it mater to “Stonks”? … NOPE! … could care less, simply buy MOAR! … and

the FOMO beats on, ever expanding and sucking in every last nickel out there

… long live the Ponzi! ,,, what an absolute SCAM NYSE OPEN! … another one

… see my shocked face … thank you idiot Chipmunks & the PPT … these people

should be in a prison somewhere … what a joke.

Turning to today’s “markets” [cough, bullshit, cough], specifically “Stock Bellies”

and if you can’t laugh at this shit you’d be crying … I have no idea what it’s gonna

take to get Jack Squat & Slim Pickens, and the rest of the FOMO-ing, BTFD at all

costs crowd that infests indices the world over to stop foaming at the mouth over

tech stocks … today’s laugher of course is AMZN, where overnight the

Chuckleheads desperately wanted to throw it the fuck away down the drain, stick

a fork in it it’s O.V.E.R.! … then the sun comes up in New York, and of course time

to buy cuz STFU & buy MOAR!

One thing is crystal clear from today’s excursion into FOMO & BTFD madness

… and that is, that the DOW30 is a terrible trading vehicle at Turnkey … simply

awful … the good news is that the NDX100 is actually better from a trading

standpoint than the DOW30 … even at Turnkey, which surprised me … slippage

in the DOW30 has gotten to the point, where you can’t rationalize it or defend it,

all you can do is tell Turnkey to go fuck themselves, cuz it’s pure robbery plain &

simple by their scumbag LP’s … I suggest they rename the bucket shop to

“Mystery Tick Forex”, it would be aptly named … so come Monday I’ll be back in

the NDX100, where conditions are far superior.

Multiple trades today in both DOW30 & NDX100 … TURNKEY PAMM DOWN

SLIGHTLY OVER 0.1%

All I could do was roll my eyes when I saw the millisecond downtick of 25 index

points from 35116 to 35091 when it was threatening a new high for the day … I

knew right then, I wouldn’t be back into this bag of shit for anything … maybe at

another house, but definitely NOT at Turnkey … I did much bigger volumes today,

so the fractional loss isn’t that big of a deal to me … and while the DOW30 has

turned to shit, Turnkey’s conditions in NDX100 were OK  … quite frankly, the LP’s

have turned the DOW30 into a roulette table, and with spreads, commissions,

AND indictable slippage, there’s no way we come out on top with these assholes

… but if you ever need proof that the world is crazy in love with tech, today is that

day, cuz quite frankly with the news all around from AMZN to inflation to Preezy

Idiot Boy wanting to lock the country down again, every opportunity was

afforded to slaughter the NDX100 today … and as I write, it’s UP 0.74% after

being sharply lower earlier in Asia … “why fuck around with the DOW30 when

it’s the NDX100 the world is in love with”? 

For “The Syndicate” participants, some good news … I traded multiple times today

in the NDX100, and “The Syndicate” is UP 3.1% on the day.

Transfer happened faster than I thought … Airsoft’s trading platform is so superior

to the piece of shit MT4, it’s not even debatable … latency on fills in a handful of

milliseconds, fills at the then bid/ offer meaning no slippage horseshit to put up

with, and a total cost to trade that is the LOWEST out there in the NDX100

… GiddyUp!, time to make hay again in a market that is truly remarkable once you

have the “right tools” [software] to do the job … quite frankly, it’s like being in a

trading pit all over again! … I’ll have more on the Sunday blog update.

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

sunglasses”! 😎

… Onward & Upward!!

-vegas