USDJPY RELAXES [KINDA] … EURUSD IN THE SPOTLIGHT

“So, they say they love you, huh!?”

EURUSD  a clusterfark of manipulation pre ECB decision, and disappointment

after the ECB interest rate decision, as Lagarde couldn’t adequately explain how

the PIGS [Portugal, Italy, Greece, & Spain] are gonna get financed as QE stops in

July … forget the rate hikes Apparatchiks are talkin’ about every frickin’ day, they

are already factored into price … her inability led to EURUSD selling, and the pair

ends up with a TRIPLE REVERSAL DAY … talk about a FUBAR day, this was it.

Meanwhile, right from the European open get go, USDJPY was sliding lower … if

there ever was a time for “Peter Pan” Kuroda to intervene and send YEN

skyrocketing, this was it … the BOJ didn’t do Mr. Jack Squat … that tells me

they’re comfortable with a much weaker YEN still … all of their “blah blah, yada

yada” happy talk is bullshit … which for central bankers is par for the course.

The trading algorithm did a great job calling the turns in USDJPY … me not so

much … that early weakness lasted far longer than I had anticipated, and it led

to 2 “false positives” and 1 good trade from the long side as the HULL 200 EMA

was still hot pink [lower trend] … things dramatically slowed down into the ECB

interest rate decision, and the clusterfark there had an effect on USDJPY through

the EURJPY cross … from there it was waiting for LaGarde to give her presser,

where all Hell broke loose in EURUSD … and then when the NYSE opened,

USDJPY blew out of the box and went higher … it’s like we had 4 distinct and

separate markets rolled into one … another day where “risk on / risk off” [RORO]

meant NADA … it was all interest rate differentials with the 10 YR. Treasury that

traders panicked repeatedly over, sometimes blowing through a few buy signals

so fast, USDJPY went north 5 - 10 PIPS within just a few seconds … there were a

few other buy signals where the “signal” came too far off the bottom for my

comfort … a lot of buy fuel got eaten up just to get to the buy signal.

Make no mistake, most of the day the HULL was in a downtrend … from an

algorithm perspective, that means short positions on sell signals … on the other

hand, when the HULL is in a downtrend [hot pink], buy signals can be taken if

you’re an aggressive trader … with the way the YEN has been behaving lately, I

don’t really want to be short USDJPY … I’d rather be long … which is fine, as

long as you remember that when the HULL is showing downtrend, there will be

more “false positives” on buy signals than when the HULL is blue [uptrend]

… and sure enough, we got 2 in a row early, way before the ECB decision … quite

frankly this kinda surprised me cuz I figured early weakness should be bought

… what I didn’t count on is the length of this weakness lasting well over an hour,

while showing little to no momentum to the upside, outside of giving the buy

signal … we finally did get a good buy signal, but it’s only in hindsight you look

at the chart and say, “gee, why didn’t I hang onto it?” … well, that’s easy to

answer … I got out on a spike higher and the MFI was up at 100 … this is exactly

what I was supposed to do when HULL is in a downtrend and I get long … only in

hindsight do you see it correct for 5 minutes and then rocket higher … and that

was it … the rest of the day a bag of dog shit as far as YEN is concerned, as it

goes “sleepytime” and meanders higher while the m1’s lose a great deal of their

previous VIX … after we get to the London FIX [the rebound high for USDJPY],

it’s pure heartburn into the New York afternoon … “chop city” from the likes of

JPM & Squid, and no thanks.

Multiple algorithm buy signals today in USDJPY … TURNKEY PAMM DOWN

RIGHT AROUND 0.1% … volumes were increased and will go higher … this

up/down slightly bullshit is ending … we finally got a good, decent platform for

trading both EURUSD & USDJPY, although latency could be better, but we are

suffering no slippage to speak of … what I think is taking the time, is that they

get the order, fill it extremely fast, then log the trade execution and then send me

the fill … it isn’t the execution that’s taking the time, it’s the administrative part

of the trade … on the regular MT4, we got sandbagged all the time with bullshit

fills, where all the buys saw mystery upticks in the offer for a buy fill, and all the

sells saw a mystery downtick in the bid for a sell fill … that hasn’t happened on

this platform and prices have been spot on … if they could, I’m sure they’d screw

us, but they aren’t cuz all of the fills I’ve received so far have been “no problemo”

… so, I can’t complain at all about our fills.

We did get some buy signals that got blown through … not being in those trades

hurt performance today … in addition, the 2 “false positive” signals didn’t do us

any favors either … the one good trade signal we had just couldn’t overcome

those 2 … meh, shit happens … considering volumes are going much higher, I’m

not worried about tiny fractions of a percent … sure, I’d rather see it be UP, but in

the scheme of things it doesn’t matter … the trading algorithm is “pure GOLD

BARS”, simple as that … overall, looking at the day, the algorithm certainly did its

job without thinking … me? … wrongly thought that early weakness could be

bought … I was eventually right, but that doesn’t mean shit as price falls … there

are NO RULES anymore to trading, and you can’t just sit there and go, “Oh, no

problem, I’ll just double, triple, quadruple up cuz it has to rally … no it doesn’t

… old joke from the trading pit days .. I bought the first break, bought the second

break, and WAS THE THIRD BREAK! “ … I should have been a little quicker on

the draw today and wasn’t … our “Happy Meals for the basketball team” is on

me, not the algorithm.

Tomorrow sees CPI inflation numbers @ 08:30 EST … rock & roll USDJPY here

we come … a hotter than expected number and it’s more than likely “moon

shot” time again … a big sigma miss to the downside, and the bond market will

react “el quicko mucho”, followed concurrently by USDJPY going

“Thelma & Louise” to see who gets to the bottom first … I really can’t see that

scenario unfolding, especially with energy prices and food skyrocketing, but

with government numbers you never really know how much they manipulate &

massage things to get a desired result … so yea, it could happen … anything

close to consensus, and I’d expect USDJPY to start climbing again towards

135 … we’ll see … onto tomorrow.

… outta here … “The future’s so bright I need 2 pairs of sunglasses 😎😎, and

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

-vegas

SAY HELLO TO "TALIBAN JOE"!

 

“It was a unanimous choice among terrorist voters!”

He no longer deserves the title “Preezy” next to his name, and “Idiot Boy” is

simply too innocent … he got 13 Marines killed for nothing, demanding a 9/11

photo op for his ego that never came … he no longer even knows what fucking

day it is or where he’s at, his handlers monitoring his every move … he is a

criminal, murderer, thief, liar, general political scumbag of the highest order, and

we have just found out he’s a closet Dictator … he deserves to be hung on

treason charges, and has directly benefited America’s enemies by supplying over

$80 Billion dollars worth of military equipment … he golfs & jokes while

Americans are left behind in Afghanistan [nobody knows how many], and quite

frankly views you as worthless … like ALL LIBTARDS, they only “care” when they

need a vote to maintain power & control over money, otherwise you’re worthless

… nope, he’s no longer Preezy Idiot Boy, he’s now “Taliban Joe”! … “voted #1

Taliban of the year by terrorists everywhere”!

And then we find out the Chairman of the Joint Chiefs, “Taliban Miley”, went

around President Trump’s back and spoke directly to the top general in ChiCom 

land, telling him according to sources, that he’d let China know beforehand if

Trump was gonna nuke China … again, if substantiated & true, this is TREASON

and this guy in any other time & place would be executed … but not in “woke”

‘Murica, cuz to Libtards and their sicko mindset, Trump is the enemy and the

ChiComs are the “good guys” … what a FUBAR country and getting worse by

the minute … and as I have spelled out before, cuz Paul in ROMANS spells it out

quite clearly, when GOD pulls His grace, blessings, & protection and abandons a

country, not only does pure EVIL come in the door, but it's so called “leaders”

are the peoples worst nightmare of evil itself … hello “Taliban Joe” & crew, a lot

of scumbags that starts post WWII with Truman, then really takes off after JFK is

assassinated … with only brief pauses of Reagan & Trump … those of you that live

in America, you better start figuring out if you’re gonna die on your feet or live on

your knees … for those that aren’t sure, I recommend watching “The 300” for

some perspective … it’s only going to get WORSE!

If you didn’t know it was open, you’d think it was closed … I keep getting up each

day wondering how it can get any worse .. then the day shows me how … today

no different, as markets drift in endless chop with Europe being absolutely

worthless for any kind of trading action whatsoever … even crypto is quiet today!

[so far] … and it appears to me, the FED is trying to “soft land” the SP500 lower

with all of this “tapering” bullshit … talk, talk, “blah blah, yada yada”, send out the

Apparatchik posse of FED clowns to give propaganda speeches, hit the North

Korean biz channel CNBC with more “blah blah, yada yada” and slowly take the

“froth” out of stocks … until the “Spoos” crash land, the FED throws up its hands

and it’s QE INFINITY once again as the CNTRL-P machine goes “Brrrrr” faster than

ever before, cuz it has to … isn’t it interesting “timing” that all of the major crooks

& criminals on Wall Street, are coming out in unison telling clients, in not so top

secret research reports, that a correction is coming for “Stonks” … you actually

think they would do this if not told by the FED beforehand? … the only question

is how fast and how far down before the printer goes wild once again.

All you can do is laugh out loud when looking at FX … simply pathetic, and that

goes for gold as well … if you have any past perspective of how FX behaved in

the past, you can hardly believe your eyes it’s gotten this piss poor … this is

what happens when specs leave a market or a group of markets deemed

“manipulated” or simply unworthy of trading cuz there’s other places and markets

to trade that offer far better opportunity … hello crypto, it’s not exactly a secret!

Limping into the “London Fix”, there doesn’t appear to be any “scumbaggery”

today, at least not so far in terms of price spikes … and looking at the AUD crosses,

it’s about as meaningless & pathetic as it was 8+ hours ago … this is just sad on

so many levels, but hey it’s what the manipulator central banks want, so it’s what

we get … simply wait it out and move onto tomorrow.

No trades in anything today … seriously, what’s there to do when nothing moves

more than a few PIPS back & forth in mindless chop for 8+ hours?

… outta here early before my head explodes … “the future looks so bright, I need

sunglasses”! 😎 … Onward & Upward!!

-vegas

WTF IS THIS?

“Nowhere more so than in FX!”

Did I mysteriously slip into a coma and it’s really Christmas Eve? … is Europe &

Asia on Holiday? … has the coronavirus destroyed brain functioning among the

living? … and you wanna call anything in FX this morning a “market”? … 15

hours into this clusterfark of nothingness to start the week, and EURUSD doesn’t

even have a 29 PIP range … yea, I’ve seen slow before, but this is ridiculous!

A crying shame the shit weasel bullion banks of the LBMA have ruined XAUUSD

with the “traders tax” … I don’t care what the range for the day is, paying $1+

bid/offer spread, then add onto that the inevitable slippage they’re gonna stick

you with, and it’s a “losers proposition” … paying upwards of 4%+ of the day’s

range to make a single trade is defined as “stupid shit” in my book.

Over in “wishful thinking” fantasyland a/k/a stock indices, prices elevating on

“hopium” from Moderna that a vaccine for the coronavirus has been found

… even if true, somebody tell me how all of the millions of jobs & small

businesses that were destroyed come back like nothing ever happened? … how

about the trillions of QE, does that go back into the Genie bottle? … a greater

Ponzi scheme the world has never ever seen before … NIRP here we come!

… make no mistake about it, you are living in a time of the greatest financial

malfeasance, corruption, and future destruction of your wealth & money ever

to hit the world.

Reversal day in FX today, with the small range giving way to the 20 Day Range

MA plus some, near the European close in both EURUSD & GBPUSD … strange

day to say the least, as somebody was hell bent near the close to touch 1.09 in

the Euro straight up the ladder from the 1.08560-ish area, no doubt to set off

perceived buy stops at the century level … a quick glance at the daily

candlesticks, and quite frankly the last 7 trading days have been a joke in terms

of range, given what we’ve seen since late February … meanwhile, gold getting

obliterated, down about $40 off the high … I guess everything is good again,

right? … how does that square with FX going higher? … as I said, strange.

Three algorithm buy signals today in EURUSD … TURNKEY PAMM / MAM UP

RIGHT IN THE MIDDLE OF 0.1% - 0.2%

All 3 buy signals perfect in terms of all parameters & timing … fills great, and

latency on fills great … why can’t they be like this in their CFD’s? …  and while

it looks like an active day from the daily range of about 120 PIPS, I can assure

you it was anything but that … very brief spurts of trading activity followed by

hour after hour of mind numbing nothingness … as I write, EURUSD breaking

above 1.09 and hitting more buy stops along the way and extending the day’s

range some, around 120 PIPS now, and no doubt the “MOMO” position trend

followers on the daily piling into LONGS cuz their moving averages crossed

over … “yea, good luck with that” … but hey, even a blind squirrel finds a nut

once in a while”! … and of course, the POL Pie Holes are open for business, with

both Merkel & Milksop Macron going “blah blah, yada yada” over a bailout fund

for Europe, and that got the ball rolling … apparently, somebody somewhere got

to both of ‘em and begged for mistress fund relief [with their appropriate cut of

the pie of course!].

European stock indices up big today as well, cuz nothin’ says “stock lovin’” like

free money from the government … ahhh, good times! … death rate going down

now also, so everything is good! … what a farce all of this QE bullshit to infinity

is … this is not gonna end well … but quite frankly I could care less, cuz the

indices outside of the H33HKD are pretty much worthless to trade … high

spreads, and atrocious slippage are the norm, and no thanks.

Europe is now closed & the New York afternoon is upon us, and that means

outta here!... not interested in algorithm signals when the criminal New York

banks are in charge, cuz too much bullshit happens on their watch ..… until

tomorrow mi amigos … Onward & Upward!! 

Have a great day everybody!

-vegas