THE GRIFTER ELITES STILL PUSHING FOR WWIII

“What the Hell is the difference? … right, there is none!”

So entirely predictable on every level … and here we go, the “war” gets pushed

out into some kind of guerilla warfare scenario, a kind of back & forth tit-for-tat,

where Vlad gets to play western futures markets for fun and profit, and Ukraine

sees billions upon billions of aid pour into the country … so, who wins and who

loses … well, the winners are clear to see … it’s the usual POL Grifters who stand

to benefit financially from aid, mainly through weapons systems built by shadowy

corporate types who employ fam members, fellow corporate Grifters, along with

the usual assortment of bribes, kickbacks, and commissions that make war a very

profitable business … then there are the losers … that would be anybody in

Ukraine “not in the money loop”, who gets to dodge bullets & bombs and hopes

like Hell he/she can make to the end of this clusterfark … ceasefire? … who the

Hell wants that? … no no, we got to have MOAR! MISSILES, BOMBS, & DRONES,

and we got to drag this out cuz there’s money to be made at the hands of human

suffering … THIS STUPID WAR COULD BE ENDED IN 5 MINUTES, BUT IT WON’T

CUZ TOO MANY POLS & APPARATCHIKS ARE MAKING A FORTUNE FROM

WEAPONS SYSTEMS! … go ahead journo’s, check it out … you won’t like what

you find after digging some.

Markets for their trouble are already past this “thing”, unless there’s a serious

escalation between Russia & NATO or the U.S. … otherwise, nobody is paying

attention any longer … it’s now an interest rate game, and the FED yesterday did

it’s part almost guaranteeing rate increase at every further meeting this year [6]

… and this is where USDJPY is most vulnerable, having violated 6 year highs

yesterday, and looking like it’s got a ways to go with plenty of corporate types

stuck … 123 - 125 the next resistance level, and if somehow 125.85 gives way, you

got to go a long way back in time to see these levels, further complicating any

pullbacks in the price level [Yen rally] that can bail out a whole shipload of banks

& corporate Jimbo’s caught the wrong way … cuz caught they are … and that

means most likely, if EURJPY is to “crack” and go lower, it’s gonna have to be

the EURUSD that folds the tent, and with inflation raging in the EU, that doesn’t

look to be happening anytime soon. 

The natural winner here is EURJPY, and looking back in the history books, this

puppy can run when it gets going, and it’s not unusual to see multi month runs

straight up and/or down with very little corrective activity … and speaking of

which, this was the 4th day in a row of STRAIGHT UP … every second I’ve spent

behind the screen looking to get long EURJPY, this shit REFUSES to correct even

a little bit … and no, 5 - 10 PIPS ain’t a correction, especially in a non dollar cross

… and today, it looked like on several occasions, EURJPY was about to “shit the

bed”, but nope … a quick turn and it’s off to the races in leaps & bounds … not as

bad as GBPJPY, which is why we’re here here instead of there, but still it’s a new

run higher … 4 days in a row.

No trades in anything today … EURJPY can’t correct and give a signal to save its

frickin’ life over 8+ hours, and BTC today is DEAD … mid afternoon in New York,

and BTC doesn’t even have a 1K range … how pathetic is that? … yesterday

simply a one day wonder … WTF? … unreal is all I can say, especially EURJPY,

and I would be shocked to see a one-way street tomorrow going into the weekend

… this straight up/down shit is driving me nuts!! … now late into the afternoon of

New York, where nobody wants to get involved unless you’re insane, NOW it

starts to correct lightly … WTF, can’t do this the whole day, but now when nobody

is watching? … onto tomorrow.

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

… Onward & Upward!!

-vegas

FX GOES FULL RETARD

 

“Here are your long partners in EURUSD … can anything possibly go wrong?”

Well, we’ve officially entered “ugly land”, meaning the recent FX insanity isn’t going to end well … count on it. And now, with everybody & their brother long EURUSD and everything else including Cable, Super Mario takes center stage tomorrow morning with the ECB Central Bank interest rate decision, and of course the all important presser.

One of two things is gonna happen tomorrow; 1) Super Mario keeps his word of the last 6 months, and totally destroys EURUSD bulls with a multiple “sigma” dovish presser, that makes no bones about EURUSD being “too damn high”, and maybe even warns the market not to test his patience, or 2) he’s OK with the current level of EURUSD, and all that he wants is for it to be “orderly”, thus insuring it ain’t and within about 10 days we’re sitting at 1.28. I simply don’t think he can “thread the needle” to keep things in check; if he chooses option 1, the scumbag LP banks, including Vampire Squid, will be happy, and if he goes option 2, he stabs the scumbag LP banks in the back.

And yet, knowing full well everything in FX is “extended”, traders keep piling into the “momo” trade as if there are no worries … “yea, good luck with that, cuz this ain’t the manipulated SP500 or the DOW30, this is FX”.

“Well, that escalated quickly didn’t it”? Seems our very own Treasury Sec. just announced in Davos, that the U.S. “welcomes a weaker U.S. Dollar”. Well now, that changes the calculus for everything … is he doing this now to upstage Super Mario tomorrow? Cuz quite frankly, it just might not make any difference what Super Mario says cuz the “weaker dollar” mantra is out in the open, and that’s gonna trump [pun intended] anything the ECB does tomorrow short of direct intervention … something they almost never, ever do. “Oh, won’t tomorrow be interesting”?

 

At this point, it’s worth remembering how FX operates … you hopefully remember the “Christmas Day heist”, you saw it with the Apple repatriation BS, in very late New York … you even saw it last night in early Asia with the “total phantom mystery tick” low in EURUSD of 1.22900, where the scumbag LP’s didn’t even show the downtick on the tick chart … no, they went from 1.22990 to 1.22900, and then next bid a nanosecond later is right back to 1.22990 … My point is this: “beware the shenanigans of the downside stop hunts, the mystery ticks from nowhere, and otherwise overall total bullshit from the scumbag LP’s during late New York and into early Asia … these parasites are thieves, and they spend every single day trying their collective damnedest to separate retail specs from their money any way they can … do not buy breakouts on the upside, and do not sell breakouts to the downside; use breakouts to liquidate for best prices”.

I have stated in the past that POLS, when they open their pie holes with news, take center stage and pretty much negate rules & procedures … this is cuz they most often induce panic and/or policy shifts. Well, now that the dollar decline just got the U.S. “good housekeeping” seal of approval, this decline is nowhere near over, Super Mario notwithstanding … use early breaks especially on down spikes to get long; wait for the first green M1 after the decline and go for it … right now, the algorithm is too slow for good fills, and the market is very quick to be bid by those stuck. In essence, this explains Cable’s gargantuan rise today, along with a very good down move in USDJPY … EURUSD bringing up the rear, no doubt due to the ECB meeting tomorrow holding many a trader back. Outside of any direct intervention, any modest to heavy moves lower can be bought for the near future. “And no, down 11 PIPS in 4 minutes isn’t considered a down move … I’m talking about 20 – 30+ PIPS in EUURUSD, where the final leg down comes on some kind of spike lower; the bigger the better … only late day drops [after 16:00 – 17:00 server time] do you not buy; those can get you into big trouble in the New York afternoon”.

From late yesterday’s price action, I certainly did not see this move coming in EURUSD today, right before the ECB meeting, although I didn’t expect Treasury Sec. Mnuchin to Pie Hole away and not only say it’s OK for a weaker dollar, but that he “welcomes it”. Not just “Oy”, but “Oy vey”! Who knows where this short bloodbath ends, or where the banks step in and trap the “Johnny come lately” longs. Now over 1.24000 [for how long who knows], this could very well get very ugly … not only for shorts, but for longs also … never forget who we’re dealing with, and what their purpose and goals are … they aren’t yours!

EURUSD was pretty much “dead in the water” up to Mnuchin’s comments in Davos … after that, very slim pickin’s to find a place to get long with confidence … I’m hoping this stalls soon, and that the Asian session shows some kind of pullback on long liquidation … I’m not confident we’ll see it, and if early Europe tomorrow doesn’t see some, then I don’t think anything Super Mario says will make a lasting difference … maybe some profit taking [thank you CNBC’s Bob Pisani], and then it’s off to the races again and within 15 minutes nobody remembers what Super Mario even said.

Only one trade today … the entire day like bull fighting blind folded … like I said earlier, a pretty dead market until Mnuchin hit the news wires; after that, I just looked for any weakness and once up on the trade, had a very quick trigger finger at a new high … when it backed off I liquidated. PAMM up a few dollars short of 0.1% on the day … and while I would love to “ride the profit pony”, I’m not ever going to sit here and let something I’m up on, turn around and bite my donkey just cuz I want a pony ride … at these very extended price levels, that’s an invitation to disaster … as I’ve said before, it simply doesn’t matter what happens next, I’ll evaluate the next trade when it comes … just remember for your own trading as well, “any Chimp can manage a winner; question is, though, how do you treat and handle risk? Money you don’t lose by doing “stupid shit”, like buying/selling breakouts [that’s the place to liquidate if it stalls, not enter a position], is your next winning trade … think about it; trust me, it adds up”!

Once we get into the New York afternoon, I’m not bashful about saying, “I want no part of this clusterfark! … I’m simply not interested in getting caught in some scumbag LP bank spike from nowhere in EURUSD, and today we’ve had a ton of ‘em”.  Thanks, I’ll wait for Asia and see what happens, and then early Europe is on the docket … trading most likely will be OK up until about 2 – 3 hours before the ECB meeting; if the trades dies sooner, then so be it, I’ll wait it out to the ECB meeting & presser … after that, it’s likely to be severe “rock & roll”. In any event, we’ll see what tomorrow brings and how it all shakes out … it’s an early exit today & I’m outta here … until tomorrow me amigos! Onward & Upward!!

PAMM spreadsheet directly below.

  

Have a great day everybody!

-vegas

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