GEOPOLITICS COME INTO PLAY … TROUBLE IN XI LAND

“Could the “ChiCom Kung Fu Flu” be his downfall!!?”

If we in the West are hearing about riots and protests in China, 2 things you can

take away from the news with total certainty … 1) it’s a lot worse than being

portrayed, and 2) somebody in Xi’s camp, possibly in the military, want him gone

… this could get interesting.

Welcome to “clown world”, inside the world’s largest casino, where one hopes

the lunch buffet is better than the trading action … I came into today around

5 AM EST, and after seeing the dollar get monkey hammered lower, thought the

best case scenario would be in Cable … err, no … shit can’t even hit a range of

100 PIPS, while YEN and EURUSD are screaming … now with the sun rising and

the U.S. ready to come back after the biggest “Beefaroni & Raman Noodle

Holiday” evahhhhhhhhhh [used to be known as Thanksgiving, but 6 Indians

in New Mexico find that offensive, so you’re a racy-ist, bigoted pig if you don’t

abide by the “woke” Libtards doing their best to ruin your life.].

So with New York gearing up, the entire space can go tapioca … cue up the

broken record … “WTF, do I have to move to frickin’ Thailand or what?”

… decent action seen in the Asian session, so what else is new? … but that’s the

Asian session, and now we got to deal with New York, a completely different

animal, where “chop” is the mantra “Hoover Dam” near every day … now at just

past the London Fix, and everything that was moving is stuck in mud … FX pairs

as a group muddling along with barely acceptable trading conditions

… “Trading Ratios” [TR] as follows at the London Fix … GBPUSD = ~ 5,

EURUSD = ~ 4, USDJPY = ~ 4.5, & GBPJPY = ~ 4.5 … again, all acceptable if the

markets are moving, but they ain’t moving, they are simply chopping at a faster

than usual rate, with more than all of them having their fair share of spikes from

Hell followed by “rinky dink” m1’s … in other words, very INCONSISTENT VIX

across the FX board … “Stock Bellies” just about dead, and crude oil getting the

“Thelma & Louise” treatment cuz of trouble in ChiCom land.

Reversal day in Cable, as the post London Fix sees a new low for the day

… earlier, we had a new succession of highs … well, that ended quickly enough

… still nothing to get excited about, as Cable is a long ways away from its 20 Day

Range MA … even with the choppy conditions, and less than ideal movements,

the binary options trades appear to be working extremely well with the trading

algorithm … an anecdotal cursory look in USDJPY, and the last 10 buy signals

were higher 1 m1 later … I mean, whaddya want? … as it becomes apparent with

every passing minute that 20 Day Range MA’s aren’t going to be achieved in the

spot FX CFD’s, trading here becomes a real crapshoot, even with TR’s slightly

above 4. 

Mighty spikes that go absolutely nowhere, especially in USDJPY which on some

days has become a nightmare, is a problem when chop sets in, and if slippage is

an issue, it gets exponentially worse … over in energy today, WTI Crude Oil with

an approximate $3.40 range, and Brent about $3.70 … while OPEC+ can control

supply, they can’t do shit about demand, cuz that falls to the ChiComs, which if

the riots and protest get any legs from here could really put a dent in oil demand

going forward … can WTI hit the 60”s? … meanwhile Natty Gas just hangs each

day with an approximate 50 cent range, high spread, and traders there watch the

weather forecast for the midwest like a hawk watches for rodents … unfortunately,

the high spread makes it untradeable as a CFD, nobody that I know of has a binary

option on it, and up & until there’s a place to trade it that makes sense, we got to

leave it alone … before Turnkey did the unthinkable and merged with Coinexx,

they had a very good spread going … that disappeared the second Coinexx got

their slimy fingers on it and ruined it … so, maybe in the future it can be traded,

we’ll see what happens.

One algorithm buy signal today in GBPUSD … PAMM UP SLIGHTLY … not the

kindest of entry fills, but not the usual “bend over” you sometimes get from

“SLIPPAGE FX” … liquidation was excellent, right on the bid price … the rest of

the week has key data coming out, with another NFP Idiocy day coming Friday

… so, you’d maybe figure today is the worst of the bunch for the week in terms of

trading conditions and ranges … let’s hope so, this chop resulting in few

algorithm signals is bullshit … however, overnight it will be all eyes on China for

further riot & protest news and developments … it will move markets. 

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

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

-vegas

 

BRAIN DEAD AMERICANS ELECT A DEAD GUY

“Proving beyond all doubt just how messed up Americans have become!!”

Congrats Pennsylvania, you’ve reelected a dead guy … and to the Morons who

voted for this stiff, WTF are you thinking? … and to those who think I’m bullshitting,

here’s the link.

https://www.thegatewaypundit.com/2022/11/democrat-pennsylvania-state-rep-

wins-reelection-despite-dead/

But why should it surprise anybody, cuz the “Free Shit Army” wants and

demands “free shit” from government, and Libtards are only too happy to oblige,

while brain dead voters don’t care, just gimme the free shit … if this doesn’t

portend the approaching end of empire, nothing ever will … blue states are

living Hell [Kalifornia, New York, Illinois, & Pennsylvania for example] and to

those unlucky enough to live there, enjoy your misery, you voted for it … red

states like Texas & Florida are a virtual paradise compared to the rest of Libtard

Nation … I dunno how much longer the U.S. has before complete chaos & civil

war becomes reality, but it’s a lot closer than many of you mistakenly believe

… just look around at the supposed “leaders” of the U.S. … a bigger bunch of

corrupt hypocrites, liars, & crooks DO NOT EXIST … what can’t continue won’t.

Turning to today’s Slots-A-Rama at the world’s largest casino, finds markets

coiled in anticipation of CPI data … ranges so small in every market it’s

laughable … you can’t trade ridiculous… no doubt, another day of “speed of

light … crickets” ahead of us … well, that escalated quickly didn’t it?

OMG!, let the LaLa-Palooza-Spread-Slot Machine go frickin’ wild! … and with the

release of better than expected inflation numbers, here we go with “speed of light”

to the moon Alice, in “Hoover Dam” near everything … well, except crude oil & Natty

Gas, they are the exception, still stuck in mud up to their donkey … away goes

“Stock Bellies”, and at “SLIPPAGE FX” [a/k/a Coinexx / Turnkey] spread on the

DOW30 surpasses 25 index points for a good 5 minutes, before coming down to

an obscene 5 - 7 index points … hours later it’s still at a rip off 5 index points

… meanwhile, Cable/Yen goes to 7+ PIPS, before dropping and spending the day

at 2.5 - 5 PIPPS for a spread, which again is a pure rip off of bullshit proportions

… if I hear “DUH!, market conditions, DUH!” one more frickin’ time, my head is

gonna explode … and so while I knew “Stock Bellies” would be a “no go”, I didn’t

expect Cable/Yen to be “effed up” … energy not playing like you would want, and

spreads there obscene and an insult to anybody’s intelligence … crude oil at 5

cents, and Natty Gas bringing up the rear for those desperately wanting to give

money away … facing this clusterfark, and watching USDJPY go bat shit crazy

[BSC] over a cliff, down 400+ PIPS, and wondering when the world ends, the

only logical conclusion was to turn to Cable [GBPUSD] to trade today … what

the Hell else is there? … pricing and spreads in FX generally acceptable, and at

least there’s one complex “SLIPPAGE FX” hasn’t FUBAR into a deep grave.

It’s probably gonna be a rocky road for the U.S. Dollar going forward, cuz just

from the trading action in the dollar pairs, it appears quite likely the lows are in

for the major FX pairs … that’s particularly true for Cable & EURUSD, where I

would be somewhat shocked if new lows are coming anytime soon … the dollar

run is over, and that will spell inflation trouble for the U.S. in the months ahead,

but we’ll see.

Back to energy, ranges for the day, as well as range for the New York session in

crude oil extremely disappointing on the low side … the complex seems to be

stuck in some serious mud, as everyday it appears that the ranges are below the

20 Day Range MA, and going lower … that’s not a recipe for good trading action,

and the “Trading Ratio” bears this out, coming in as I write at approximately 2.5 to

maybe 3 … that ain’t gonna cut the mustard for trading oil … that low of a TR

spells disaster waiting for you … Natty Gas on the other hand doing well in terms

of action, but who the Hell is gonna pay a spread where a 1 lot is gonna cost you

between $80 - $150 before the trade even starts? … well, it ain’t gonna be me

that’s for sure … talk about brokerage house & LP rip offs, this is the KING of

spread rip offs … and unless these crooks & thieves get their shit together and

price it right, nobody but nobody in their right mind is gonna trade it.

Multiple trades today via algorithm signals in Cable today … PAMM DOWN

SLIGHTLY … volumes I have increased and they will go higher … pricing today

in Cable was good to excellent, and latency & fills were good to excellent as well,

with zero to minimal slippage … why they can’t do this in their CFD’s is a

complete mystery, but it is what it is … can’t complain at all … we had a couple of

“false positive” algorithm signals that brought performance down, but I didn’t

start trading Cable until later in the day … if I had started right after the inflation

numbers, we would have done really well.

QUITE FRANKLY, HERE’S THE DEAL: “if you have the entire day to trade anything,

and PRICING [spread] is fair to good, meaning normal, it’s almost impossible to

lose money via the algorithm” … if you come early and quit early or come late to

the table, obviously results will differ, but for the entire day that’s how it plays out

… as I’ve said before, finding the right market or group of markets to

CONSISTENTLY TRADE isn’t as easy as it sounds … GBPJPY today a great

example, as on paper it looks great … check out the spread, “speed of light

… crickets” trading action followed by the “Loser Formation”, and it ain’t great

at all, but stinks to high heaven … ditto before via Natty Gas, until you see and

figure out the spread value and want to puke … and while USDJPY looks great

on paper as well, lately these last months it has taken on some serious, fatal

flaws IMHO, not the least of which is BSC stop fills and action and gaps in

trading … and it’s the reason, by default, why I switched to Cable today rather

than YEN … I won’t say it’s “Plan C”, but an alternative to Plan B, which is just

as valid … in any event, given the whole day, if the trading algorithm as outlined

in the PDF manual is followed, it’s pretty “Hoover Dam” hard to lose money

… tomorrow looks to be a Cable trading day, as energy has “fallen and can’t

get up”, and YEN looks and feels like insanity on steroids … with volumes

increasing, and if I stay in Cable [which is highly likely given the proclivity of

“SLIPPAGE FX” TO FUCK WITH NON DOLLAR CROSS SPREADS, while the YEN

stays insane], look for increased performance going forward, cuz I’ll be there

the whole day and not just part of the day … and given the whole day,, we will

do very well mi amigos!

Cable has enough in it from a trading perspective for us to do well, and currently

has a TR = approximately 4.0 - 4.5 … earlier today at the London Fix, it was

7.0 - 7.5 … before the U.S. inflation numbers, back in the mid morning European

session it was approximately 4.5 … the current 20 Day Range MA for Cable =

approximately 186 PIPS, so there’s plenty there … all we need is decent pricing

and minimal slippage, something Turnkey was providing … however, we’re now

with Coinexx, and we simply have to keep focused going forward on how fills are

priced and what the latency is … today they get an “A” … let’s hope going

forward it stays that way … onto tomorrow.

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

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

-vegas

THE BEST OF TIMES … THE WORST OF TIMES

“Look Ma, I’ve discovered trading!!”

Looking at the daily charts and pre-judging daily range volatility [VIX], one could

think that there’s plenty of “oomph” in price action … after all, VIX is much higher

than 6 - 12 months ago, and in some spaces it has really exploded [e.g., in

USDJPY and FX in general, not to mention “Stock Bellies”] … making money

must be a “slam dunk” given these higher VIX readings, right? … ahh, the best of

times! … the devil is always in the details, and a closer look sees 1) most of the

day’s range far too often occurs in the Asian session, and 2) explosions in price

come on spikes from Hell, both up and down, and far too often after that it’s the

“Loser Formation” afterwards of sideways trading action … WTF is this?!

… ahh, the worst of times!

And what we’re left with is bullshit markets across the spectrum that seemingly

won’t behave, giving something one day, and then back tracking back to bullshit

for too many other days … energy seemingly being the only place where there’s a

modicum of decent VIX, but that lately is starting to weaken week after week

… today for example, WTI crude oil with an approximate 4+ hour session range

[New York 7 AM EST to just after 11 AM EST] of an approximate, whopping range

of 85 cents … to be sure, there’s still half a day left so anything can happen

[please?], but so far it’s chop horseshit … and when chop shows up things can

turn ugly quickly, as traders abandon discipline and patience and go with the

“ever profitable” gut feeling syndrome, and get their ass handed to them … if I

had a nickel for every time I’ve seen it, i wouldn’t need to trade, simply stack the

nickels to the Moon. 

And what’s an easy way to tell if chop is present? … the “Trading Ratio” [TR],

where TR = (60 period range of M1’s / total cost to trade the pair), which as I write

is barely above 3 [11 / 3] and from crude or Natty Gas, what we want to see is a TR

consistently above 4.5 to maybe 5 … get that and trading is good … don’t get it,

leave it the Hell alone … “but hey, since when do people listen and follow

directions?”

With today’s lackluster price movement [so far at least], spreads in crude oil have

been OK, but Natty Gas is having heartburn, with a spread that fluctuates

between $0.004 - $0.015, which is bullshit … however, considering we’re at

“SLIPPAGE FX” [a/k/a Coinexx / Turnkey], that $100 value per 1 lot leaves a lot

of room for “scumbaggery & fuckery” … and until I see a more reasonable AND

CONSISTENT spread, I’m not giving money away to these LP assholes … a great

market, but thieving market makers ruin it.

I got no problem trading oil over Natty Gas … and with “SLIPPAGE FX” giving me

a non answer answer, and trying to resolve us getting screwed on 2 oil fills last

week, I have to be really careful when I hit the trading buttons … if the VIX is there

we’re OK, but if conditions are anywhere near what we see today, you just have to

sit and wait it out … we’ve gone from $3.50 - $4.00 ranges in the New York session,

as measured by the 20 Day Range MA, to the pitiful bullshit we see today where

it’s 80 some cents … one set of oil inventories [API] at 4:30 PM EST, but by then

who cares? … tomorrow sees oil inventories [EIA] at Cushing, OK., which is

what WTI oil cares about the most … of course, today is hopefully Biden’s

comeuppance with midterm elections … anybody that votes for a “D” is an idiot

beyond hope of intelligence … “Libtards ONLY win if they cheat” … Libtards are

a disaster for everyone, and lower your standard of living at every opportunity,

while promoting anything & everything morally deviant & abhorrent … hopefully,

San Fran Nan & crew get sent packing and the Senate as well goes “R” … Hell,

even the RINO’s are better than any Libtard DEM … what effect this has on

crude oil remains to be seen, so we’ll see how this shakes out.

About 90 minutes into NYSE “Stonks” trading, and by the reaction of “Stock

Bellies” to the upside, it looks like we could be seeing on the ground a

“red tsunami” … that would, should be good for equities, although who knows

how the Lounge Lizards at the FED feel about it … they keep trotting out PIE

HOLES to discredit rallies via talk of higher rates for longer, but again we’ll see

… for now, though, the DOW30 is in rally mode.

Then comes the afternoon, and everything shits the bed as crypto collapses via

the FTF / Binance clusterfark … dunno if that’s the catalyst, but DOW30 goes

“Thelma & Louise” down almost 300 index points [so far] in 16 minutes, and oil

goes south as well, about $1 per bbl. … don’t see anything else on the wires that

could account for this, as news is most likely the culprit cuz it’s multiple markets

being affected at once and in the same direction … and if you got stubborn &

stupid you got whacked … like I said before, markets have no rules anymore

… NONE … panic & FOMO are all that’s left thanks to central bankers and the QE

bullshit of the last decade … even gas and oil get whacked, as traders push

buttons first and ask questions later if even the slightest bit of price erosion starts

too take place … they FOMO panic on the way in, and panic fear on the way out

… how many traders got sucked into the “cold blast will be here in 6 days” bullshit

and bought willy nilly? … is it any wonder price collapsed today in Natty Gas as

we headed lower? … ain’t nobody hanging around to see if the temps go lower

when they are losing their ass … same type of argument in oil … tightest supplies

EVER, but the ChiComs manipulate demand via their COVID lockdown bullshit

… again, oil traders aren’t gonna sit around and watch account destruction take

place … hit the “Hoover Dam” buttons and GTFO! … and when it happens in

straight lines, it makes trading almost impossible cuz it won’t correct, and when

it does it goes the other way faster than Biden’s brain going soft … now you got

the problem in the other direction …. Rinse, repeat, and WTF is this?

Oil today in one of the tightest ranges I’ve seen in a while, until all Hell broke

loose early this afternoon to the downside … and afterwards? … straight sideways

into the “Loser Formation” … corrective activity, what corrective activity? … of

which market do you speak of? … if this ain’t “The Twilight Zone” then we’re all in

big trouble if this is the new “normal” … no trades today for the PAMM, as

conditions were so bad up into the break, it was simply chop city with no

movement anywhere … I looked at the DOW30, but as so often happens after a

nice rally with no discernible breaks, when it does break you don’t want it … and

today, you certainly didn’t want it! … no worries, crude oil can’t be kept down

for long, and Natty Gas pricing will hopefully resolve itself … onto tomorrow.   

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

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

-vegas