WHAT COULD BE SIMPLER?

 

“That look you get when everything you believe in turns out to be bullshit!”

Things you wish were true but aren’t; 1) financial markets are “fair & honest”, 

 2) our elected leaders serve the “people”, 3) the intelligence community 

[another great oxymoron] works for the protection of the people, & 4) “justice” 

is honorable. Things you know are true; 1) today’s Democrats are thug, 

authoritarian Stalinist's, 2) most Republicans are spineless pieces of jelly, 

3) government at all levels is corrupt, and 4) no bank, in any capacity, has your 

best interests at heart.

A small list to be sure, but I continue to run into people who have that  

“Dorothy look”, cuz they can’t believe their country has turned into shit before 

their eyes in less than a generation … “well, Sheeple continue to vote for 

corruption, bribery, & graft, so what do you expect? … keep returning to office 

assclowns like Schumer, Pelosi, Waters, Feinstein, and the rest of the corrupt 

cabal, who’s only real talent is moving goalposts for an MSM that has the 

“vapors” for more progressive bullshit, and promoting MOAR free shit for the 

Free Shit Army [individual responsibility is so “yesterday”] … financial markets 

are just a reflection of greater society … fish rot from the head down … all the 

cesspool of corruption & bullshit present in the hypocrite capital of the universe 

[D.C.], is also prevalent in financial markets … some days it’s hard to tell which 

has the greater stench”.

Turning to today’s EURJPY market … “Chuckleheads will be Chuckleheads, 

ramping EURJPY higher in the last 2 hours of the Asian session … of course it 

gets faded, as Mrs. Wantanabe & gal pals wouldn’t know what to do with profits 

… all they ever do is deposit MOAR money”. We’re in the European session now 

… which means of course, all markets are basically dead … nothing here but 

“crickets” … “oh for sure the Pols & Apparatchiks, of all stripes, are out on the 

wires babbling about “Brexit” this and “Brexit” that, getting Cable to dance for 

the mistress fund, both up & down, and a little coin for the Pols & regulators who 

don’t do shit, but expect and demand their cut anyway … an amazing sight to see 

as headlines race by, which one can outdo the others and say the most inane and 

already known info, as if it’s newsworthy, which can only mean the purpose is to 

line somebody’s pocket … “if only Vito Corleone knew what could have been” 

… would he have been any worse than the scumbag LP’s , Pols, & Apparatchiks 

we have now”? [Hint: emphatic NO.]

And of course, I fully expect SHTF sometime between 7 - 8 A.M. EST, as Wall 

Street “early birds” get to their trading desks, and another “NFP day” [cuz the 

day ends in “Y”] will be at hand in financial markets, from equities to FX.  

“Just another day in the manipulation washing machine”.

“Well, that escalated quickly to the downside didn’t it”? … and once again, 

making me look like a broken record, Pols & Apparatchiks step in the way, move 

markets drastically with volatility from the HFT’s & scumbag banks, and the 

results are all too familiar … Congrats to the Chuckleheads, who once again 

show the world how to buy highs and sell lows, any market be damned, but who 

today excelled in shoving EURJPY to over 133.000, tripping over themselves in a 

buying frenzy, that now gets undone [installment # 4,898, 766] by either Europe 

[if it ever moves again] and/or the U.S. session … Mrs. Wantanabe, call your 

banker”!

Once again, it’s another “NFP Friday Friday” trading day, with almost all the 

action [except for the Chucklehead buying spree at 2 AM EST.] confined to the 

7 - 10 am EST window … and now? “Well, now that Theresa May pissed all over 

bullish enthusiasm, especially in Cable which is getting monkey hammered 

unmercifully, and the fact that EURJPY has been up every day this week, where is 

any of this stuff gonna go? … here @ 10 AM EST, the M1 candlesticks are already 

approaching 1 & 2 PIP ranges, and unless there’s more downside selling via 

people who haven’t been paying attention and are still long, and the banks looking 

to take out further sell stops, I have a real hard time seeing EURUSD and/or 

USDJPY rallying … where’s the buy fuel gonna come from”? Not sayin’ it can’t 

go up a couple of PIPS, just that the risk here going forward the rest of the day 

is definitely on the downside.

“OH BE STILL MY BEATING HEART”!! … well, it’s about fucking time 

IMHO, proving once again that the squeaky wheel gets some grease … One 

trade today … PAMM up a little more than half way 0.1%.

Directly below, the day’s trade with commentary.

 

click to enlarge!

Only one [1] algorithm buy signal up to about 10 AM EST … it worked out OK 

for some bucks, but the real news is I actually got decent ON THE MARKET 

BID/OFFER FILLS, on both entry and liquidation from the Turnkey LP 

… “should I run out right now this instant and buy a Powerball ticket? … why are 

the dog & the lovely & gracious Mrs. attempting to shove me out the door while 

nodding their heads”?

Going forward into next week, what we need to see are 2 things; 1) could all of 

you Pols & Apparatchiks just STFU and sit down, and pretend to let markets 

function normally … do you have to open your collective Pie Holes every 

fucking 5 minutes with inane bullshit?, and 2) we need better “flow” to prices 

… yesterday we got that, and don’t make me relive the Turnkey MT4 fuckups, 

that had me in therapy well into the night. If we get either or both, it would be 

ideal, especially in EURJPY. And while I’m placing my Festivus wish list for 

the trading Gods to see, how ‘bout some better activity in USDJPY … these 

small and shitty daily ranges are irksome at best … quite frankly, take it up or 

down, it matters not to me; just let it move some, OK?

The “-vegas EURUSD Algorithm”, which is what I’m using to trade EURJPY, 

was specifically designed to take into account scumbag LP bank manipulation 

and short term trade flow, that results from playing and thinking like the bank 

casino, instead of the craps customer … and unless some truly bizarre, never 

before seen, market behavior sets in [which, let’s be honest, is possible], the 

algorithm “NAILS” bottoms flat cold … tops are different cuz there is “skew” 

involved with tops that most often you don’t see with bottoms. Today more like 

Wednesday, with the “NFP-itis” of FX, that sees very little in the way of 

windows of trading opportunity before the manipulators hit the exit gates 

… and when that happens, all you got left is “chop” & stops.

My volumes are still low, for the very simple reason I need to see better flow 

from the market before risking more on a position … trading action of late, 

notwithstanding yesterday’s good daily range and trade flow, have been rather 

dismal … if you get caught on the wrong side, there isn’t any way to make the 

loss back without upping leverage and trade volume, which if going into any NY 

afternoon with Squid & the boys is not really something that usually works out 

for you … “Vampire Squid [GS], JPM, & Citibank are the other crooks crook 

… what they do and how they fill orders is IMHO nothing short of criminal”.  

When trading action improves, I’ll be raising volumes in the PAMM and on C2 

accordingly.

On Sunday night, I’ll have another special Sunday night update, with some 

important stats on EURUSD, USDJPY, & EURJPY … I’m cutting today’s blog 

early, cuz trading is already starting to die down, and with the ranges we 

already have, I don’t see any reason for them to extend themselves in any 

meaningful way … sure, might be a little more to the downside or upside, but 

the reactions back will come quick & be vicious, leaving you squarely in the 

hands of the NY banks in less than 30 minutes when Europe closes … it’s a 

recipe for extreme chop, with plenty of risk and not a whole lot of reward for 

the effort … so, leave it the hell alone. It is what it is, you can’t change it … it’s 

the way markets are now, much to the central banker Twits delight.

Until Sunday night mi amigos … PAMM Spreadsheet will be back then 

… Onward & Upward!! [“Seeing how I got filled today like I should, how many 

lotto tickets should I buy? … the dog says drain the bank account … the Mrs. 

says 1, and play everybody’s birthday … decisions, decisions … see, it’s not easy 

being me”!]

Have a great weekend everybody!!

-vegas

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