IS THERE ANYTHING BETTER THAN COACH PRIME? [HINT: NO!]

 

“In the sick society of the Banana Republic, a breath of needed fresh air!!”

In the twisted, sordid world of everyday Banana Republic bullshit, aided and

abetted by nonstop propaganda from state run MSM, nothing escapes the

watchful eyes of the gerontocracy running politics to sports, and the way the

“good ‘ol boys” want the club to be run … “there’s this club, and you ain’t in it!”

is the official mantra of the ruling class … and nowhere is this more pronounced

and enforced than in college sports, especially high stakes college football

… run by the Gestapo like NCAA, more polluted & corrupt than Libtard Nation on

steroids … we now have the “Power 5” conferences, where the big money is

doled out, and along comes “Prime Time” Coach Deion Sanders to throw a

“bigly & yuge” monkey wrench into the equation … oh, the “haters” are there,

cuz what upsets them more than anything is the impact Coach Prime 1) already

has had in recruiting, and 2) the fresh blood he brings to the table upsetting the

“good ‘ol boy” network of coaching that sees tired retreads get hired over

qualified minority coaches from places like the HBCU network and FCS division

schools … can’t have that!

From where I’m sittin’, if I were a parent of a highly talented football recruit

[4 or 5 star], I would most definitely want my kid to be under the guidance and

direction of Coach Prime … everybody in this world has sin and has sinned

many times … nobody is perfect, but there are people who truly stand above

others in terms of moral character, work ethic, discipline, and focusing on

achieving your goals in life … look at Coach Prime and then cast a glance at a

complete bumbling, lying, hypocritical crook like Joe Biden … who would you

like your kid or grandkid to emulate and be like? … the question answers itself!

Turning to the “Slots-A-Rama” pavilion inside the world’s most corrupt casino,

4 day vacation is over, and it’s back to figuring out what the manipulators want

to do this week … well, the “Thugs & Dictators” in OPEC+ have spoken … Russia

to cut production and Saudi Arabia to leave production cuts in place through year

end … apparently, it’s “fun” to put the screws to senile Joe Biden and the U.S., so

where is inflation headed now? … oil immediately jumps $2 in less than 100

seconds, and like clockwork the Coinexx oil LP or LP’s decide to blow the oil

spread out to 5+ cents … “thanks assholes!” … oil now settled down some, and

the spread is back to 1 - 2 cents … historically, oil has a habit of the “Thugs &

Dictators” doing shit like this to trap shorts, then stand at the top of the blow off

and “sell, Mortimer, SELL!!” … you just never know when mistress demands for

shopping can call for a quick $2, $3, or $5 million dollar shopping spree in

Switzerland [or Dubai] and you need some handy cash! 

Just remember, just cuz they “call for” a production cut doesn’t mean there

actually will be one … “Thugs & Dictators” may be thugs & dictators, but they

ain’t stupid and they know how to play the West when it comes to markets … Vlad

& crew have been doing it for decades, and first started with gold back in the 80’s

when he was KGB Grand Poohbah … I can assure you he was long oil before his

oil minister strode to the microphone! … he is the master! … and I’m sure, he’s

moved on to energy but will “play” gold when the time becomes

appropriate again.

Oil supplies are very tight … in fact, the world is drawing on inventories to meet

demand … as one said over on ZH, Biden weaponized the dollar, and now the

Saudi’s & Vlad are weaponing oil … and while “Taliban Joe” has done a

wonderful job of depleting the SPR, here’s what he’s done to oil rigs operating

in the U.S., as the graph below shows.

click on chart to enlarge

That’s some record for the worst Preezy in U.S. history by a long shot … the

happiest guy in the world is Jimbo Carter, where Biden makes him look like

Einstein … in case you haven’t noticed, the Banana Republic is in deep,

deep  trouble.

Meanwhile, gold looks like nobody cares or is giving it any respect at all … the

Rodney Dangerfield of markets! … what a pathetic trade today, now into the

New York afternoon with a $13 range … $8 for 8+ hours of nothingness!

… seriously, can it get any worse for our favorite pet yellow rock? … and what

the Hell has happened to crypto? … this is like “nuclear winter” all over again

… “Stock Bellies” doing NADA, where the DOW30 has barely moved since the

NYSE open … the oil shock news from Vlad & his best bud in Saudi Arabia, and

some new highs for the year in USDJPY … other than that, nothing to show for

any trade on the board … another “stink bomb” Monday after NFP Friday, the

second worst trading day of the month by far … what did we do to ever deserve

shit like this?

Oil blown apart cuz of the news, and it skews the shit out of all of our algorithm

parameters going forward today from the news release … it sucks up and

destroys buy and sell fuel cuz of the panic, and quite frankly there’s nothing

worse than trying to trade a market that is in panic mode … up or down, the

dynamics change, and change drastically … it’s like a football team that is

always used to being up in the score, and then they run into an opponent and

find themselves down 21 points going into halftime … the emotions will be vastly

different, and their response will most likely show some form of panic, like trick

plays or fake punts … very hard to decipher! … so it is with oil today, but the

good news is that the trade looks and feels vibrant going forward … gold so far,

not so much.

“Stock Bellies”, at least the DOW30, finally pukes lower … I guess traders finally

figured out sharply higher oil prices and resultant inflation ain’t exactly good for

“Stonks” … not that the cult members of the NDX100 care, cuz as we all know,

tech “Stonks” and “AI Stonks” like NVDA can only go higher no matter what

… won’t it be something when that bubble finally goes “POP!”

No trades in anything today … looking for better conditions tomorrow & beyond

now that we’re outta Summer … today was a “one off” from oil news … regular

weekly oil inventories tomorrow from the EIA at 10:30 AM EST, while tonight after

the close @ 4:30 PM EST, API gives its inventories of crude oil … should be a

good trading day tomorrow barring any news items that ultimately affect oil

… you just never know! … onto tomorrow.

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

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

-vegas

IT’S BOJ DAY AT THE CASINO

 

“Attention YEN traders!!”

There’s stupid & insane, then there’s USDJPY … thanks to the BOJ. we’re

seeing volatility today almost never seen before outside outright intervention

… pure panic down, then more-er panic up … USDJPY on a roller coaster ride

from Hell … why trade EURJPY when it’s the denominator that’s providing all of

the action? … just go straight to USDJPY … and what you’ll see is pure chaos

and bid/offer quotes jumping violently … yes, we like volatility, but not this kind.

But as is the case almost always now, while the Asian session gets all of the

trading action, New York doesn’t get shit … sometimes Europe plays but it’s few

and far between … New York is where markets go to die! … all New York is good

for is money laundering trading gains from Asia into U.S. stocks and/or bonds

… that’s it, that’s its function in the manipulation era we’re in … trading?

… where, when?

All the charts look the same today … EURJPY, USDJPY, XAUUSD, and to some

extent WTI Crude oil … once Mrs. Watanabe & Gal Pals, along with all of the

Chuckleheads, mortgaged the house to “Buy Mortimer, BUY!!”, and the Asian

session ended, Europe came in and since then it’s been straight down  … “if

you’re looking for trading markets, you’re in the wrong day!” … quite frankly, I’ve

never seen anything like the bullshit we’ve seen today … massive panic up, turn

on a dime, then more-er-er-er massive panic down … unreal.

Weak PPI & retail sales saw the final lunge lower in the dollar, and since that time

EURJPY [along with gold topping out at 1925] has been a chopfest inside a very

tiny 25 PIP-ish range [meanwhile gold has gotten monkey hammered lower by

over $25] … go figure … at its highest, the “Trading Ratio” [TR] was ABOVE 10 in

EURJPY, WHICH IS COMPLETELY NUTS … although the spread held right around

half a PIP, the bid/offer quotes were going in 3 to 10 PIP increments microsecond

to microsecond … gold for its part was more managed and calm in relative terms

… spread didn’t blow out, but neither did price rally at all since the 8:30 numbers

came out … it’s been “Sell Mortimer, SELL!” the entire day.

Out of all of the markets, you can pretty much assume any FX non dollar cross is

gonna move up/down with impunity and give off a ton of buy/sell signals in the

process … those signals are fast enough, and the market volatile enough to, at a

minimum, at least scalp the cross … given the volatility of the YEN over the last

year, that goes triple for YEN crosses … NOT SO TODAY Skippy! … in the Asian

session after the BOJ blew the markets up, there was some good two-way

trading up near the top for a few hours, but that hardly does us any good here

in North America where it’s time for beauty sleep … and once Europe came in

that two-way trading vanished … it was even worse in gold.

All you can do is treat days like today as “one offs” … no trades for the PAMM

today, even though I was prepared to take signals “if/when” we got them … good

luck with that … by the time I showed up for trading [around 5 AM EST] the

downward massacre was well on its way … and since 8:30, the entire board a

bag of shit of chop, except for gold, which started its plunge down to the ocean

floor without coming up for air … straight up … straight down … unreal

… onto tomorrow.

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

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

-vegas

IT’S “KILL THE ECONOMY TO SAVE IT” DAY!

clust

“Oh for the good ‘ol days when everything went up!”

Can’t wait to see what “hocus pocus” the Lounge Lizards dream up this

afternoon, to remedy the clusterfark mess they created when they decided to

fund the biggest financial bubbles of all time … some days it’s very hard to

discern who’s dumber than a box of rocks … 1) the BOJ, 2) the ECB, 3) the FED,

4) anything Biden says or does, or 5) it’s a tie cuz they’re all FUBAR … MY

MONEY goes on #5.

Everything is going swimmingly isn’t it? ,,, “unexpectedly”! … retail sales “MISS”

… manufacturing “MISS” … inflation soaring … right now, I’d bet heavily that

we’re already in a “Biden Recession”, about to be a “depression” as the Lounge

Lizards are set to hike rates by the largest amount since the early 1990’s … but

hey, it’s all Putin’s fault, or big oil, right? … 81 million votes, huh? … you people

that voted for this senile criminal are getting everything you deserve “HARD”

… next time, if there is a “next election”, don’t be a dumb ass.

I get to my screens today around 4:30 AM EST, and I’m wondering if it’s

“rock & roll” or “sleepytime” waiting for the FED … it has been anything but

“sleepy”, and quite frankly I only hope FX can keep this up, and the “Vix Genie”

stays pissed off well into the foreseeable future … for the last 3 - 4 hours+, the

“Trading Ratio” [TR], which if you missed yesterday’s blog post go read it if it’s a

new term for you, has been about 8 for USDJPY & for EURUSD it’s currently

running “hot” at about 10! … ECB news, and an emergency meeting, and how

they are dealing with “fragmentation” [think PIGS] in terms of bond yields the big

story here, so I doubt it stays this high, but nevertheless, EURUSD is “smokin”

right now pre FED … EURJPY running around 7 but has spiked some, and

GBPJPY running around 6 for the morning … ALL seeing good trading pre FED.

I’m hesitant going “full retard basket of kittens on meth” trading cuz it’s FED

day … and what that means, is that it brings in flows that aren’t usually seen

cuz of position squaring … and with today’s interest rate decision carrying a very

big importance to the market, and with the “bigly & yuge” rise in USDJPY seen

the last 2 - 3 weeks, these flows have the potential to be large and very disruptive

… to a minor degree we’ve already seen that … for the most part, USDJPY

following a very close correlation to the 10 YR. Treasury yield … so far, trading

action is a lot more active than I thought it would be. 

At the London Fix right now, and in USDJPY trading action within the last half hour

has cooled considerably … some disappointment with the ECB as their

“emergency meeting” failed to give details on what they’re gonna do about

“fragmentation” going forward … trust me, they’re “winging it” and have no clue

beyond floating trial balloons with banks to see if something sticks … LaGarde is

about as dimwitted as Biden & Spicoli put together, so don’t expect concrete

details anytime soon … this is what “diversity” hires gets you … in any event, it’s

led to some greater trading action to the downside in EURUSD as we move into

the witching close of Europe at the London Fix … and with this disappointment

over fragmentation RE bond yields of the strong northern members of the E.U.,

versus the literal deadbeats of the south E.U., EURJPY becomes ever more

dangerous to trade and opens itself to some serious whipsaw action … like I

said before, it’s tough to know which Apparatchik central bank is the bigger

“fuck up” … both at the ECB and the BOJ you wouldn’t hire any of ‘em to mow

your lawn … they are absolutely useless & worthless rolled into one … and it’s

why when I first heard some ECB Apparatchik on Monday mention fragmentation,

I immediately foresaw potential trouble here for this pair … not so with either

USDJPY or EURUSD, and right now while it’s close, “Peter Pan” Kuroda & his

crew of “yes men” Apparatchiks have taken the lead in being “insane” … quite

frankly, outside of the ‘08 financial crisis that saw all interest rates go to ZERO,

I can’t think of another time USDJPY had so clear of a “fun-durr-mentals” trend

going for it, unless you go back to the 1980’s, when the G7 via “The Plaza

Accord” wanted a sharply higher YEN … this time around, everything the BOJ

does SCREAMS “Sell Mortimer, SELL!”, AND EVERY WEEK SEES THEM GET

CRAZIER & CRAZIER PRINTING MORE YEN TO PROP UP LOW BOND YIELDS

… what can’t go on, won’t go on, and when this “Hoover Dam” breaks, there’s

gonna be water EVERYWHERE!

From an algorithm trading perspective, what I’ve done is split the algorithm of

any market into 2 camps … 1) normal to moderately higher VIX, which is a TR

of < 2.5, with the caveat that if the TR goes to 1 or below it can’t be traded, and

2) moderately higher to high VIX, which is a TR > 2.5 … all of you should have a

daily chart up on your screens with a HIGH & LOW 20 PERIOD SMA, which the

difference between the two gives the 20 Day Range MA for any given day, and a

HIGH & LOW 60 PERIOD SMA, which when the chart is switched to m1, will give

the latest 60 minute reading of the average m1 range for the pair.

The 20 Day Range MA gives a good picture of ranges, and when to be cautious of

taking signals near the high or low of the day when the MA exceeds its average,

but it doesn’t really give any idea what’s happening minute to minute or second to

second … for that you need the TR … and when appropriate, and the TR is above

2 and hopefully 2.5, use Netdania 15s charts, HULL 11 PERIOD, TEMA 8 WITH 0.2

SMOOTHING, & CCI OF 8 … as I stated yesterday, Netdania doesn’t have VIDYA in

their library of indicators, but the HULL is very, very close especially at lower

period values, so we really aren’t losing anything by using HULL on the 15s chart

… unless trading conditions fall off a cliff, it’s gonna be tough to see a TR of < 2.0

going forward, but if we do, simply use the manual settings … this upcoming

weekend, I’ll be upgrading the trading manual to “Version 2.0” to incorporate all

of the Netdania information along with higher volatilities … so it boils down to a

pretty simple scenario … if the market you want to trade has a TR of 1 or less,

leave it alone and find greener pastures … if the TR is < 2 - 2.5, use the original

manual settings … and if the TR is > 2.5, use the 15s chart with the settings I

outlined above … and the higher the TR, the greater your opportunities of making

money via profitable trades CONSISTENTLY … my only caveat about this last

point would be markets like Nat Gas, crude oil, and/or gold & silver … all 4 have

an historical history of being nasty as Hell on stops, along with some very

vicious moves out of nowhere on news … if you’re a scalper, “Stock Bellies” &

specifically FX is the place to be for more consistent, RELATIVELY safer

MARKETS TO TRADE … choose wisely.

With this last piece of the trading puzzle in place, and I’m referring to using the

15s charts via Netdania, with indicators, and then using your MT4 platform for

order entry and the bigger picture of the m1 timeframe which shows the HULL

200 EMA, I’m finally at the finish line! … maybe it gets better than this, but I don’t

see how … our execution time is in the ballpark of 10ms - 30ms, I’m experiencing

ZERO slippage from quoted bid/offer, we’re paying ZERO COMMISSIONS, and our

USDJPY spread is usually between 0.0 - 0.3 PIPS … and so far, I have to give

kudos to Turnkey … now if they could ever get their CFD’s to be like this, then

they’d have the perfect package … give them time maybe, and we’ll see … so far,

that’s the only needed improvement they could work on, and maybe they are

… since they don’t consult me [I know, stupid right?], we’ll just have to wait and

find out in the weeks / months ahead … but for now, this is awesome … and for

those of you who have read the manual, digested my blogs on the “volatility split”

I have described the last few days, and gotten everything up and running, either

on a demo or live, you can see the awesome power of the algorithm at work, and

just how well it models price behavior, and more importantly where the turns are

for going higher and lower … and how about that HULL 200 EMA for support &

resistance on the m1?

As I said earlier, I am loath to pretend it’s not FED day, and just go do what I would

call “normal trading” … I don’t think it’s prudent or wise to do that, when potential

flows could blindside the shit out of you, and the closer we get to 2 PM EST, the

worse those flows could potentially be … with about 3 hours to go to detonation,

I won’t do anymore potential trades until we’re post FED, if then.

Onto the madness!  … well, that escalated quickly didn’t it? …  75 bps hike like

expected … meh, for 5 minutes only the scumbag LP banks win … 10 YR. U.S.

Treasuries now starting to head higher, not exactly a surprise … Spicoli presser

in 30 minutes, and here’s where the potential fireworks are … how can he put his

foot in his mouth today?

15 minutes later it’s a non event [so far] … Dear “Peter Pan” Kuroda: You’re on

your own, we’re not protecting your Yen from going to much higher levels

… with love, Spicoli. And with that bit of love making out the window, here’s a

new post link from ZH echoing the obvious I’ve been pointing out here for

weeks on end.

https://www.zerohedge.com/markets/last-man-standing

More bullshit from Spicoli, and I’m amazed anybody listens to this Doofus … like

Biden, has he ever been right about anything? … now says he “expects”

inflation to flatten or cool after 2 more hikes … uh huh, sure it will … in any event,

I’m glad to see USDJPY go lower some, as 10 YR. Treasuries back off some … I

really don’t want to see a parabolic rise in USDJPY cuz we all know what that

means at the end … time for some relief rallies in risk assets to get the

“Chumps” back in before the next leg down.

Multiple buy signal algorithm trades pre FED today in USDJPY … TURNKEY

PAMM UP SLIGHTLY … with this crap out of the way [FED], and multiple days

with trades and excellent fills & latency, volumes and number of trades will

increase starting with tomorrow’s trade … GiddyUp!

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

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

-vegas