SUNDAY UPDATE: THE GREAT VIX UNWIND

“Quarantine self portrait!”

Ok, between my marathon episodes of “Narcos”, the Sopranos, The Twilight

Zone, The Outer Limits, Hogan’s Heroes [I know nothing!], Jeeves & Wooster,

Upstairs, Downstairs, Sherlock Holmes [Jeremy Brett], and various movies, and

running to the fridge to keep the “Ice Cream King” happy, I managed to get the

stats for this week done … entire Caribbean shut down, nothing in or out,

everything except grocery stores, banks, hospitals, & pharmacies completely

shut down … it’s as quiet as I have ever witnessed it … quite frankly, it’s

awesome!

As we saw last week, even in the chaotic “stock bellies”, VIX is turning around

and slowing down … you can start to see it in this week's charts below for each

complex … quite frankly, they got nowhere to go but down or the world’s

financial system shuts down, cuz it cannot handle this type of volatility for long …

this is a shortened week cuz Friday is “Good Friday, Sunday is Easter, and Monday

is Easter Monday, and historically from about Thursday morning to the following

Tuesday morning it’s the slowest time period for markets there is … could be

some fireworks, but unless the pandemic is rolling over dramatically, I would

expect markets to take everything in stride, and look forward to after Easter to

see if the tide is shifting with regards the number of cases and death toll from the

CHINESE CHICOM WUHAN KUNG FU virus.

Directly below, the “FX VIX MATRIX TABLE” for the current week, followed by

FX 20 Day Range MA’s chart pairs.

click on ANY table or chart to enlarge

FX

GBPUSD, EURGBP, & USDJPY

AUDUSD, AUDJPY, & GBPNZD

GBPCHF, GBPAUD, & GBPCAD

PRECIOUS METALS

XAUUSD

XAGUSD

Directly below, the “STOCK INDICES VIX MATRIX TABLE” for the current week,

followed by STOCK INDICES 20 Day Range MA’s chart pairs.

STOCK INDICES

DOW30

SP500

DAX30 & NDX100

IBEX35 & ESTOXX50

AUD200, CAC40, & FTSE100

HANG SENG 50 & NIKKEI 225

For the last several weeks, I’ve been saying the PAMM / MAM results will be ready

the following week … well, throw another shrimp on the barbie cuz it’s gonna have

to wait … it’ll get here, hopefully after Easter weekend … finally, I want to briefly

mention that “the Mrs.” has gotten into crypto, more specifically BTC, and her last

trade she ALMOST doubled the BTC price in about 2 weeks … bought it in the high

$3’s and sold it at $7250 … at about 15X leverage, do the math, and suddenly she

understands the “allure” of trading … she wasn’t happy with the “vig” she had to

pay, but welcome to the world of scumbag LP banks! … my point, though, is that

she took the step and decided to “do it” … it’s not hard, it’s not complicated, and

for most people it’s a problem of “familiarity” over & above anything else

… Bitcoin could be “widgets” or it could be “diamonds”, WTF is the difference?

… it’s numbers on a screen, and it trades 24/7/365 and is NEVER closed … trade it

at night, morning, afternoon, who cares cuz it moves … and most of the time [not

always for sure] the moves are “purer” than more traditional markets … quite

frankly, I like trading it, and the trading algorithm works exceptionally well … in

other words, it’s not F-ing rocket science, it’s simply “trading”! … of course, for

these last days since she got out of her trade, about $1000 higher than me, I’ve

heard nothing but how there’s “a new Sheriff in town”, which is par for the course

and I can take it for sure … so, if you’re sitting out there and missing out, do you

think the money is just gonna get up and find you?

Stay safe everybody … until tomorrow mi amigos … Onward & Upward!! 

Have a great rest of your weekend everybody!

-vegas

JUST ANOTHER IDIOTIC NFP FRIDAY

“Get used to pics like this … oh, and missed lattes!”

Well, even the math “whiz kids” at the Dept. of Unicorns & Fairy Tales can’t

make chicken shit into chicken salad … seems we’re in a depression! … or at

least, that’s what the numbers say, but who already doesn’t know this?

… amazing how a “Black Swan” pandemic lays bare the entire bullshit of

government at every level, and strips away the veneer of “Everything Is F-ing

Awesome, Baby!”, which is all we hear from the usual collection of Apparatchik

dopes who make their way to a microphone … “Dr. Goebbels, please pick up

the white courtesy phone or call your office”!

As per usual on NFP Friday’s, it’s nothing more than a 2 minute frenzied scam by

banks, who get to gouge the living shit out of dopes who trade news

… Christmas every first Friday of the month, this month no different … and as i

write, there goes the SP500 straight up, cuz nothin’ says higher stock prices than

a good  depression! … with everybody either out of a job or dead from CHINESE

WUHAN KUNG FU FLU, imagine how high stock prices can go? … why, the FED

can CNTRL-P “QUADRILLIONS”!

Noon here in Gotham, and the bloom is off the rose … seems a very heavy dose of

reality has set in and stock indices ain’t rallying, but slowly going down 4 steps

up 3 for the last couple of hours and have hit a new low for the day … ditto in

Cable, only difference being the mystery ticks, spikes from hell, and stop hunts on

both sides … in other words, a normal day in GBPUSD, where nobody knows

nothin’ and nothin’ makes any fucking sense whatsoever … as I said yesterday,

it’s a game of who’s long and who’s short, and which side is getting nervous and

gonna puke first to the banks? … as a trader, you don’t need anything more than

that.

We should be seeing more algorithm signal trades in Cable than we’re getting

… problem is one of speed of the market through the signal … pricing in Cable

lately has been nothing short of brutal, and although today isn’t as bad as the rest

of the week, that ain’t sayin’ much … it comes with the territory … fact is, this week

has been a brutal week in terms of price and directional flow for Cable … choppy,

choppy, choppy can best sum it up, with more M1 spikes from hell than all the

other markets combined … add it all up, and if you get on the wrongs ide of one of

those, making it back can be very tough in a market environment that is the least

forgiving I’ve just about ever seen … add to that, today is NFP Friday, which

readers know of my disdain & loathing of this trading day, which most likely is the

worst day of the month you can choose to trade.

One good algo buy signal today in Cable … TURNKEY PAMM / MAM UP

SLIGHTLY LESS THAN 0.1%

This was a “muddling along” kind of week … risk far outweighing any reward in

the marketplace, especially given what the week before looked like … sure,

everybody is great in hindsight, the Mrs. coming to mind wanting to know why I

didn’t buy it “there” and sell it “there” … what’s the prob, big shot? … “here,

we’re in real time now, tell me what to do”! … [it then goes 12 PIPS straight up in

2 seconds] … “WTF was that”? … wait a minute, how come you didn’t buy it

“there”, and sell it “there”? … I gotta go get my nails done, I’m outta here! … and

so it goes, with the best laid plans of everyone, shredded in seconds by a market

that moves at the speed of light, but can sit like “crickets” for hours … and then

throw in the fact there are no rules in this market and it can go anywhere, and

you have a real problem on your hands sometimes … this week was one of those

moments.

Still up money, so don’t get me wrong, I’m not complaining, but the FX market

right now is not for the faint of heart … as I said yesterday, there is no “trend”

anymore, there’s only who’s getting their cashew nuts squeezed at the moment

and is there any “buy fuel” evident that can carry me to profit … if not, it’s a coin

flip … the scumbag LP banks very much on the prowl to take advantage of

“stupid shit”, as they front run corporate orders, hit off stops both buy & sell,

and squeeze the living shit out of anybody on the wrong side of any kind of move.

Blog update on Sunday … until then mi amigos … Onward & Upward!!

Have a great day everybody!

-vegas

MANIPULATION HQ STRIKES AGAIN

“Manipulation HQ watches ALL markets closely!”

Feel manipulated yet? … whatever it is you traded today, give a big “shout out”

to the manipulators that made it happen … cuz if you think central banks are just

gonna sit there and watch markets tank, you are sadly mistaken … tried & true

since October of 1987, there isn’t a market they don’t manipulate, and no amount

of QE CNTRL-P is too little in the battle against EVIL speculators.

And no matter how bad unemployment gets, no matter how long the “bread lines”

are, no matter how many trillions the FED has to print, they will fight the SP500

going down below 2100 - 2000 with everything they have at their disposal … that

the country is dead broke and a fiscal implosion is right round the corner, never

mind that, we’ll deal with that bullshit when we get there.

So why should it be any kind of surprise to anybody, that an oil rumor got the ball

rolling today? … in FX, it was kill the shorts first, then go after the longs … in

stock indices, it was the exact opposite … no matter, “mission accomplished”,

which is to wipe retail & institutional specs off the map … “hey, how’s that

positioned trend trade workin’ out”?

Markets as you’ve been taught to define them, don’t exist anymore … there aren’t

any “trends” …  that’s a concept that only exists in your head … what there are,

are 1) manipulators with the CNTRL-P machine, 2) longs trapped, 3) shorts

trapped, and 4) scumbag LP banks that do #1’s bidding, and muscle #2 & #3 into

doing what they don’t want to do … that’s it, there isn’t anything else

… fun-durr-mentals? … Ok, tell me exactly what they are and how they affect a

market … good luck with that, cuz again you can’t.

Retarded basket of kittens on meth, seems appropriate to describe Cable today

… can’t rally, can’t break of any significance and put in any kind of range … panic

up & panic down M1’s galore, with almost nothing in between … “stock bellies”

in their own world of bullshit, with the entire day seeing wider spreads at Turnkey

for no reason … “sure, makes perfect sense in this FUBAR group of markets,

where they can’t really move anywhere, so let’s widen the bid/offer spread … and

now that the order books have been cleaned out on both sides, pick your market,

and everybody looks around and wonders when the next nuclear weapon goes

off … here at NOON EST in Gotham, trading has died … who wants to play in this

shit?

Once you understand why they let you play, and how “they” view your role, I’m

guessing you want to be any part of that … but sadly, too many people fall into

the trap of 1) thinking markets are honest & fair, 2) banks provide liquidity, and

3) “fun-durr-mentals” in the end will decide where any market eventually goes

... and so the “game” continues with those people eventually running out of

money to play.

One algorithm buy signal today … TURNKEY PAMM / MAM UP a little less

than 0.1%

Again today, like the entire week, algorithm buy signals get blown to shreds in

seconds with market moves that make little sense … one didn’t and that’s the

one I took … the others must be left alone, or you end up with buying the up

spike, which only guarantees getting a rotten fill by the scumbag LP … it is what

it is, nothing I can do about it, in this messed up market called

“The Widow Maker”.

… until tomorrow mi amigos … Onward & Upward!!

Have a great day everybody!

-vegas

GROUNDHOG’S DAY OR APRIL FOOLS?

“Now I know who runs FX!”

A glance at the 20 Day Range MA’s from the Sunday blog update, and no matter

the market, the numbers are either at records or very near … things simply can’t

go on like this without a wholesale breakdown of modern day trading finance

… GBPUSD at approximately 328 PIPS can’t be sustained, and over the next

weeks into Summer is poised to go down significantly … today not even barely a

100 PIP range at NOON EST … today a masochists dream, with up/down moves

to the Asian session tips inside the glorious “Flying Wedge of Death” [FWD]

... third day in a row of this bullshit … “why do I have to be stuck in this kind of

day? … why can’t I be stuck in that day I won the lotto”?

GBPUSD today simply a psychotic mess, all inside the lowest range day [so far]

since February 27th … can’t break, can’t really rally unless following USDJPY

lower, and the rally today about the ugliest you’ll ever see … again, like every day

this week, low range, FWD, and mucho spikes up/down from hell … one second

it’s here, and the next second it’s 15 - 50 PIPS away … sure, honest markets.

And while VIX across the board is dropping some cuz the all out panic selloff

has abated for now, you simply can’t assume large ranges and very large moves,

very quickly are over … that kind of an assumption is likely to get you hurt

… IMHO I don’t think it’s over, and I don’t think the shortage of dollars the world

needs is over either, and so bottoms in everything seems a bit premature at this

point … it looks & feels like Cable is getting some kind of intervention support

… off the bottom we’ve seen nothing but buying straight for 8 days now, which is

quite unusual for an FX pair that literally fell off a frickin’ cliff from the 1.32 level

all the way down to 1.14 … the complete “one way” action we’ve seen is strange,

very strange … but, this is “The Widow Maker”, and it’s got that namesake for a

reason.

Again today, some good algorithm buy signals, and again today all but two of

them blown through signals price like a blowtorch through a stick of butter … I

guess the scumbag LP’s know what I know.

Two algorithm buy signals today … TURNKEY PAMM / MAM basically “UNCHD”.

After commissions, down a couple of dollars collectively over the PAMM, with

the first signal losing and the second profitable … and really, it’s only due to

risk control that the first lost some PIPS, cuz it turned around and would have

been a winner if held onto … not playing that game in this environment. Three

days in a row of tight ranges, sloppy trading action, and essentially 3 “doji’s” on

the daily candlestick chart … enough of this shit, move somewhere!

… amazingly, bid/offer spreads coming in some, with the FTSE100 “almost”

back to normal … if I see any decent algorithm signals, while the spread is

decent, I may make the trade, otherwise it’s Cable.

… until tomorrow mi amigos … Onward & Upward!!

Have a great day everybody!

-vegas