PARASITES GOTTA EAT!

 

“They spend like drunken sailors … you ultimately pay the bill!”

I thought it was gonna come yesterday, but today is the day Mr. Gaffe-O-Matic

himself crawls out of his nursing home suite in Delaware, and strides [or falls]

to the cameras in Pittsburgh … “infrastructure”! … [cough, bullshit, cough]

… a spending boondoggle the likes we’ve never seen before, where about 1%

of the trillions go for actual national improvements, and the other 99% goes

down the fucking rathole of government waste & fraud.

Meanwhile, a miss on the consensus ADP numbers this morning, as they weren’t

quite as strong as forecast … and for Friday’s NFP, the “whisper” numbers are all

over the place, with yesterday’s article on ZH of JPM suggesting we may see

1.8 million jobs … “who knew Chili’s & Applebee’s could hire so many bartenders,

waiters, & waitresses” … or, with the pandemic hoax ending, maybe Marriot is

hiring doormen & bellhops? … and with the way the Yen has been running this

last week, this could be a major “buy the rumor, sell the fact”.

Every few years, thanks to BOJ idiotic handiwork, USDJPY goes “nutso” bat shit

crazy, in a kind of straight up or down slow motion run over days and weeks

… then it spends the next number of months & years going nowhere … it’s been

this way since the ‘08 financial crisis … and once again, the “reflation trade'' is

gaining momentum, much like it did after Trump’s election in 2016, where from

November to the following March, USDJPY went straight up from about

100 to 118 … and as that fizzled over the months, USDJPY then spent 4 years

going almost back to 100, with the ending lurch lower last March in the pandemic

hoax blowout in FX … so, here we go again it seems.

Of course, take Preezy Depends plan today with a huge grain of salt … he says

tax hikes are gonna pay for it … “sure, sure they are” … what bullshit … this

entire boondoggle is nothing more than bribe money thrown at Libtard special

interest groups, with the taxpayer picking up the tab … “does the “Big Guy” get

his usual 10% cut”? … and of course, all the borrowing by the Treasury will be

monetized by the FED and put on the FED balance sheet … Venezuela here we

come!

Today’s action in FX a complete joke … of the 100 PIP range [so far] in Cable/Yen,

70 of that comes in Asia … “Asia flies, the rest of the world dies! … why should

today be any different”? … not that I expected much, cuz as I’ve detailed earlier,

going into and out of Easter is usually a trading disaster, and this year looks to

be reflecting the norm … quite frankly, nobody really knows what the hell is going

on in the casino, but one thing I can assure you, is that EVERYTHING the

scumbag LP banks & HFT’s do is either front run corporate orders OR fade retail

& institutional spec money flows … there is no such thing as “Fun-durr-mentals”!

… if you believe that, you’re dumber than a box of hammers.

Over in crypto, it feels today like volumes are starting to come back into the

alt-coin space … another alt-coin I really like for trading is TRXUSDT [TRON]

… again, this is IMHO, not financial advice … and like ONT, TRX has a lot going

for it right now … trading action mirrors the same type of conditions seen in ONT,

so right now these are the 2 I’m watching and trading for “The Syndicate”

… quite frankly, better conditions than ADA, which seems to have lost its way

after the “Mary hard fork”, cuz what I want are very tight bid/offer spreads and

ADA to some extent has lost that recently … as for the 2 “Big Dogs”, BTC & ETH,

they are for the most part untradeable.

Quite frankly folks, I want out of this clusterfark month … this time around, end

of quarter seems more FUBAR than ever before ...so many crosscurrents to

navigate … and like never before in human history, a trading climate where

scumbag banks run almost everything … certainly FX, and today sees a classic

clusterfark where the “London Fix” is about as corrupt a process as you can

imagine … and talk about handing somebody their ass, apparently there was a

very large Yen buy order [USDJPY lower] at the “fix” … and yea, they sure got

“fixed” alright … 8 hours of “slow up the hill with no noticeable corrective

movement lower, and in the last half hour up to the fix, it’s all gone within

15 minutes … normally GBPJPY is like a large snake squirming around in the

grass, with all kinds of twists and turns … not today … banks have been doing

this kind of shit since I stood in the currency pits … why stop now? … good

thing it only happens 4 times a year, but the best thing to do is to tread carefully,

and not let them buffalo you into something you don’t want to do … hour after

hour of watching the slow methodical climb up the hill is not how this pair trades,

and sure enough the banks took care of that right before the “fix” … hopefully

we can get back to normal trading conditions now, but first we have to get

through the NFP on Friday, and then the Easter Holiday where flows will slow

quickly into the weekend.

No trades today in the TURNKEY PAMM.

Up until the European close, there wasn’t anything to do … just a bag of garbage

in a very tight range of about 25 - 30 PIPS for 90%+ of the European session … no

worries, tomorrow is another day, and I’ve been warning about this time period

for days now, so it’s not like it’s a big shock to me to see FUBAR trading

conditions right before the Easter Holiday … most years, this is what happens

one way or another.

Over in crypto, got multiple algo signals in both TRX & ONT, and “The Syndicate”

is UP SLIGHTLY MORE THAN 0.1%

Like I said, better volumes today, and let’s hope it stays this way … good signals

in both pairs, my only regret is scalping out of trades and not hanging on a bit

longer in both … TRX making a big move to over 8 cents, and it hasn’t been at this

price level since May 2018 … the ATH about 27 cents in January 2018, so there’s

room to grow on the upside … news today is some kind of pact with Oracle

RE NFT’s.

… until tomorrow … “the future’s so bright I need sunglasses”!  😎

… Onward & Upward!!

-vegas

THE CLOWN SHOW MARCHES ON

 

“Will he make it through his speech today without a gaffe?!”

More “comedy gold” today, as Preezy Depends holds his “infrastructure” presser

today … “infrastructure” meaning all the porkulus that goes to union thugs and

crony capitalists dotting the fruited plain, with about 1% going to actual needed

improvements … question is, will it be as bad as the last presser he did, where he

just wandered off into space and looked like he couldn’t remember the room at

the nursing home he’s staying in? … don’t look for any questions, just

mumbling & bumbling along the road of idiocy … it’s who he is, and it’s what

he does.

Rates on the 10 YR. today stubbornly refusing to budge lower, and have broken

above 1.75% … wait ‘til the Dope lays out his porkulus package of about

$3 trillion dollars of woke, climate change, SJW bullshit, and see what rates do

then … why can’t the Gubermint just send us all $10 million dollar checks and

get it over with? … everybody can be rich and happy, and buy all the stuff we

want, and nobody has to work, and we can all watch sports on TV all day, right

along with all the other Utopian dreams Libtards have … why not?

And with all of the above, gold & silver today [early] getting “monkey hammered”

lower, and Bitcoin above $59K threatening new all time highs again … seems

PayPal is going to allow shopping with crypto [BTC and some other coins as

well] … remind me again gold bugs and Bitcoin haters, how come PayPal [Visa

yesterday] doesn’t allow members to shop with gold? … right, keep dreaming

cuz while gold and silver aren’t worthless, unless we go back to bartering pigs

& chickens, and the world returns to 1850, gold presents real logistical

problems for commerce and as a store of value … “bigly & yuge” problems

… and it’s why it can’t rally IMHO, cuz given the fact that 40%+ more dollars

exist now than they did 1 year ago, gold should be through the roof, and it ain’t!

… gold topped out in 2011 when Bitcoin was about 11 cents per BTC … gold is

about $200 lower than a little less than 10 years ago … meanwhile BTC has

gone from 11 cents to $59,000 in the same period … REALITY CHECK: “the

world isn’t the same place it was 10 years ago, and things change … more and

more, and I don’t care what others think, I’m just looking at the facts as they are

NOW, gold is becoming more of a “pet rock” that’s shiny and yellow than ever

before … yes, it has value & utility, but it simply doesn’t have the same

investment utility it did in the past … doesn’t mean things can’t change and

change quickly, but in order for things to change, the FED has to cease to exist,

and the revolution has to start … maybe it happens tomorrow, maybe it never

happens, who knows? … point is, making money is the objective, not getting

stuck in gold “groupthink”. If you bought gold 10 years ago around 1900, you’re

under water mi amigo … in that 10 years has it protected against inflation or big

government debasement of the currency? … NOPE! 

And as we approach Easter Holiday this weekend, it appears trading action is

getting worse in FX, at least in the major dollar pairs  … 20 Day Range MA’s are

going down like a rock in water … Cable so far today simply abysmal … looks

like it’s following the NDX100 tick-for-tick here early, but that will uncorrelate

soon enough … we’ll know more once the official “infrastructure” clown show

gets underway … “Dr. Goebbels, please pick up the white courtesy phone or

call your office”!

CLASS QUIZ time: “Is it worth trading an FX non dollar cross that has 20%+

more volatility, at a minimum, than either numerator or denominator of said

cross, for essentially an increased cost to trade of about 0.1 - 0.3 PIPS”? … I

gotta say, I think most definitely, and what brings this to the fore, is the fact that

USDJPY has started to gain a trading “pulse” … ever since the BOJ, and

“Peter Pan” Kuroda, have backed off YCC [yield curve control] within the last

couple of weeks, the Yen has started to gain some movement, and I have

definitely noticed with growing interest … enough to make GBPJPY have a

20%+ larger 20 Day Range MA than Cable straight up, and a little less than

DOUBLE the 20 Day Range MA of USDJPY … Giddyup! ... today I watched it,

right along side of Cable, and the increased IVIX [intraday volatility] in the

European session gave off more frequent algorithm signals than Cable by itself

… in fact, Cable today was pathetic, in terms of session range and trading

action, and we didn’t get a “buy signal” from the algorithm until the last half hour

to the “London Fix” and the European close … not AT the close, and NOT an

hour + from the close, but just enough time to squeeze some shorts and

wasting a day’s “buy fuel” in literally minutes before Europe closes … typical

scumbag bank LP horseshit, that comes out of nowhere, and then the BOOM!

lowers quickly when that fuel fades out … if it had come earlier, I would have

taken the signal, but right near the close, no way cuz most of the time it’s a

death trap set up by the banks, and if you end up being somebody else’s

‘buy fuel” you got a real problem going forward into the New York afternoon,

with the criminal element taking over … in other words, better trading in the

cross than either dollar pair straight up … back to the future, as I will once

again go back to the “Dragon trade” [GBPJPY] and follow the trading

algorithm … this should give us more trading signals and better profitability

… I’m getting sick of “up slightly”.

No trading today for the Turnkey PAMM.

I’ll be in Cable/Yen tomorrow, and trading conditions will be better [I think]

… meanwhile, everything else on the MT4 stinks … “Stonks” don’t quite to

know what to make of yields climbing on the 10 YR. … for sure, the NDX100

hates it … crude I haven’t looked at much cuz Turnkey’s LP’s can’t make an

honest market in it, so what’s the point? … crypto at Turnkey is a joke, no

matter what they tell you.

I said yesterday I’m getting really warmed up to ONTUSDT in crypto … the

Ontology block chain is ahead of its time, and the potential for this coin is

staggering IMHO [not financial advice, simply my OPINION!] … a literal ton of

info on YouTube, so check it out … it trades better than the others and has a

more stable bid/offer spread at PHEMEX, along with excellent VIX & IVIX most

days … and we trade it with ZERO COMMISSIONS OR FEES … for

“The Syndicate” today, multiple algorithm buy signals in ONTUSDT, and we’re

UP SLIGHTLY LESS THAN 0.1%

Most of the action came in Asia last night and very early Europe … by the time

the sun came up in New York, the day was over and what was left was simply

minor “Flying Wedge of Death” [FWD] bullshit … but no matter, it is what it is.

Europe is closed now, so FX is finished … until tomorrow … “the future’s so

bright I need sunglasses”! 😎 … Onward & Upward!! 

-vegas

WHEN SHTF ON A MONDAY

 

“Running a large hedge fund & not caring about RISK!”

Welp! … we now have some answers to Friday’s plunge in “Stonks”, followed by

the “Plunge Protection Team” [PPT] buy-a-thon … today’s worry, though, is the

brokerage fallout from that and it looks like Credit Suisse is on the hook for

some serious losses … “wait, wut? … there supposed to be “Swiss” and of the

highest pedigree when it comes to managing risk … well, nothing like floating

some dollars in front of your eyes to make you think you don’t see what you

should see"!

Started today with an internet outage that was supposed to end at 6:00 A.M, but

since this is the Caribbean, and nobody here can tell time worth a shit, I finally

got back on around 9:20 A.M. EST … I can B.I. Itch ‘til my face turns blue, but

nobody cares here, they just laugh at you and go about doing all the worthless

shit they always do … so, after living here over 5+ years now, I’m better at

accepting the “manana attitude” prevalent here in the Caribbean.

Dollar flows into Cable at the European open, only to see a massive sell off

[and almost double reversal on the day … still early, so it’s still a possibility]

when gold tanked below 1720 … “Stonks” all over the place at the NYSE open,

and the indices [“Stock Bellies”] mirroring a craps game in Las Vegas

… FUBAR top to bottom.

Meanwhile, rates on the 10 YR go stubbornly higher, which I’m pretty sure has

led gold lower … and the metals look worse than death on a stick at the moment

… from the long side, just nothing but trouble as every frickin’ rally of anything is

sold and sold heavy … when you look at FX, it’s hard to not hate every pair, as all

of the major central banks are filled with Nitwits, Scumbags, Apparatchiks, and

those looking to line their pocket at every opportunity, while simultaneously

screwing the middle & lower classes in their respective country by going full

retard CNTRL-P … none of course bigger than the faculty lounge Lizards at the

FED, where since 1913 they’ve done a bang up job of ruining the dollar and

lowering the standard of living for everyone but the 0.00001%, which of course

is who they listen to and kiss ass … still, it’s hard to see most days which central

bank is worse, as they all race each other to the bottom of currency devaluation.

One algo buy signal in GBPUSD today … TURNKEY PAMM UP SLIGHTLY.

There were 5 signals I couldn’t take from the European open to when I got internet

back on and running … and since gold puked, action has slowed “bigly & yuge”,

and now into the New York afternoon with Europe closed, Cable is slowing

remarkably and it’s drifting with a lower bias, that unless rates or “Stonks” go

magically higher, order flow looks and feels “stuck” long, but who knows what

the criminals of Wall Street have planned for the afternoon … and as most days

will attest, after Europe closes, FX crawls thereafter ‘til the Asia open some 8

hours later … get a trading signal and it doesn’t mean much unless there’s news

… and what that means is it’s time to hit the exit gate.

Over in crypto, BTC up from the weekend on news Visa will be soon taking

Bitcoin for payment on Visa cards … for all of you gold lovers and Bitcoin haters

out there, when do they add gold as a payment option? … oh right never, and

now you know just one of the many reasons why BTC goes up and gold continues

to go down … for “The Syndicate” today, some signals in ONTUSDT [Ontology],

which I’m coming to appreciate more as a trading vehicle … better pricing and

movement than either BTC, ETH, & ADA … anyway, we’re UP SLIGHTLY, as after

New York got going everything but “Stonks” frickin’ dies, and crypto is no

exception … “Asia flies, Europe sleeps, and the U.S. session frickin’ DIES”!

… but I will be trading more ONT going forward, with some early Asian session

action [if it’s there] before I call it a night.

Better trading action today in Cable, but I wonder how much of that is due to end

of Q1 flows? … and with rates [10 YR] going higher, why is Cable hanging onto 3

days in a row up? [close to UNCH now, so we’ll see what trouble the afternoon

brings] … seems like all of FX is nothing but a trading Ponzi scheme, with “you

know who” running the show” … EURUSD with a 30 PIP range for the day … what

the hell is that? … talk about manipulated or what? … playing any type of

“fun-durr-mentals” is a fool’s errand, cuz there ain’t any … on the surface, only

rate differentials, but that leads & lags so badly it’s worthless … every bit of FX

is manipulated bullshit by central bank planners hell bent on implementing their

destructive policies on their country for the benefit of the global elite & their

banker buds who supply the “skim” to their Bitcoin e-wallets, and unless you

realize what you’re up against and how to defeat it, they’ll carry your account

out “toes up”, and you’ll feel like the “Chump” at the poker table and wonder

WTF happened … well for sure, they aren’t gonna tell you Skippy! … the algo

really does a great job of keeping any trader on the right side of the market,

modeling price behavior based on “buy fuel” … cuz all that matters is order

flow, and under the right circumstances the scumbag bank LP will work for you

and not against you! … if the scumbag LP banks aren’t front running corporate

orders, they’re fading order flow from specs of all stripes … and when that

order flow stops, they’ll turn it the other way and make traders bleed … they do

it every frickin’ day! … don’t bleed Skippy!

Just remember, you get rich from trading in 2 ways … 1) not getting whacked,

and 2) money you make is MONEY YOU KEEP! … until tomorrow … “the future’s

so bright I need sunglasses”!  😎 … Onward & Upward!! 

-vegas