When all you know is lying, stealing, and “grifting”, why would you ever expect
government to be any different? … the Fools currently in charge surely don’t!
… today sees Preezy Idiot Boy attempt to change the narrative back to COVID
hysteria & propaganda … anything to remove itself from the disaster known as
Afghanistan … meanwhile as world economies implode, central banks start
talking about “tapering” [a polite way of saying “tightening”], just in time for
what can only be described as “impeccable timing” in starting the next financial
crisis … I’ve always found it amusing that the very people who CREATE THE
WORLD’S PROBLEMS, ARE THE ONES WHO DEMAND TO BE THE ONLY ONES
ALLOWED TO FIX IT … and of course it becomes even worse than before.
Today sees the hapless Twits from the ECB meet and set policy, and how do you
say “Taper” without saying “Taper”? … “well we kinda wanna, just an itsy bitsy
to be sure but we don’t want anybody to get upset or anything and get the
impression we’re “tightening” [the dreaded “T” word], just some very slight
glitch rebalancing and some such shit, ya know”? … got that? … this is what you
get when you have Fools in charge, where you need a “bullshit interpreter” to
decipher the linguistic twists & turns and shit weasel Apparatchik musings … and
with that coming up, Europe shows some trading life, albeit most likely simply
to cover positions or hedge … we’ll see what happens later.
ECB out with their BS … I will note, however, it was nice of Turnkey’s SCUMBAG
FX LP’S TO TURN THE MT4 MACHINE OFF FOR APPROXIMATELY 3 MINUTES
RIGHT AFTER THE RELEASE OF THEIR DECISION, and from 14:50 - 14:52 the
MT4 was dead … they always try and find a way to fuck you, day in and day out,
and it’s another reason I almost NEVER go into one of these clusterfarks with a
position … just another “glitch” [sure, sure it was] that wasn’t a “glitch” and they
don’t want you picking them off with an easy scalp … what utter scumbags.
Well, there’s 20%+ of the day’s range in GBPJPY in less than 3 minutes, but hey
you know “glitches” right? … next time you hear one of these assholes talk
about “liquidity”, remember incidents like this that happen more often than you
would possibly imagine … nothing you can do about it, they aren’t gonna change
their M.O. … they’re fucking thieves, and the only thing that separates the FX side
of things is that they steal less than the crooks in the CFD’s, metals, and stock
indices … that somehow, in scumbag LP bank logic, makes them better? … oh
well, just another day at the ballpark where the game is “fixed”.
Apparently, cuz you’re too F-ing stupid to know any better, ECB “Grand Wizard”
Christine LaGarde says, “it’s not a “tapering” it’s a “rebalancing”
… bwahahahaha … and the financial MSM immediately run to their “Double
Speak” Libtard / Davos dictionaries to report breathlessly … meanwhile, with
time left on the clock to the “London Fix”, EURUSD & gold with DOUBLE
REVERSALS today that go nowhere! … having fun yet? … congrats Central
Banker scum for making things so clear! … I’m sure Spicoli has taken notes to
see how this definition plays out in the “U.S. of China” … what inept Fools
chasing butterflies!
Unless something happens here quickly, it’s day 5 for GBPJPY stuck inside the
range of 9/2 … banks keep buying & selling the tips, and just when you think it’s
about ready to blow … nahhhhhhh, never mind … and it then drifts to the other
side of the range over some hours until somebody panics and it starts all over
again … and all of the “trend following” indicators specs love to mistakenly use,
get monitored and FADED by the banks … thanks, come again! … and today, with
the “Spoos” rallying, USDJPY is going lower, not higher, and that shouldn’t be
happening via conventional wisdom in today’s FX space … perhaps, USDJPY
knows the Ponzi bubble in the U.S. is about to burst, no matter how high the
CNTRL-P machine is set for “Brrrrrrr” … I dunno, but I find it really interesting
Yen traders want to buy the Yen in the face of “Stonks” moving higher.
“London Fix” time, and since the clusterfark of “don’t call it tapering, it’s a
rebalancing” from the ECB, GBPJPY has been in a 20 PIP up/down “Flying Wedge
of Death” [FWD], where from the median of course, it can’t go 10+ PIPS … in other
words, 3+ hours of bullshit … would you like cinnamon on your bullshit, or just
straight up? … add in “turn the frickin’ machines off” cuz we don’t wanna get
picked off, and for the 5th straight day, GBPJPY trades like oat spreads in winter
… like I said yesterday, a gigantic “coiling” is going on … directly below the
appropriate daily & then weekly candlesticks with trendlines.
Quite frankly, I feel better about the trendline underneath getting breached and
having follow through, than I do about the upper trendline and follow through to
the upside … I just don’t see in this present environment over the next 5 - 8 weeks,
how Yen gets slaughtered while Cable rallies … maybe it does, who knows, but
unless the Ponzi bubble for “Stonks” starts going exponential into FED tapering,
the move up more than likely will be a stop hunt trap … we’ll see in the coming
days and weeks … but meanwhile, China is going down the rat hole economically,
and data around the globe hasn’t been good, and I’m being kind … and with
Preezy Idiot Boy at the helm, going into Fall and then Winter, look for “lockdown
mania” to cover their lousy foreign & domestic policies and give them cover
… “hey, it’s COVID man, not our fault”! [it ain’t gonna work]
Welp!, the “Fix” sees some “scumbaggery” from the scumbag LP banks … race it
up a few minutes from the “Fix” and then when it’s over and done, here comes the
“Thelma & Louise” ride right down the slide … they never learn … and that little
race up extends the range by a few PIPS, but doesn’t breach the trendline top
outlined above in either the daily or weekly candlestick … it’s gonna take more
than a stupid daily “fix”.
Only one solid algorithm buy signal today in GBPJPY … TURNKEY PAMM UP
FRACTIONALLY.
Post ECB, not a lot here to chew on in the post ECB clusterfark … very tight range
with the smallish FWD, and multiple trips to both sides that got stymied quickly
on both ends … range for the day not great, coming in around 70 PIPS or so, but
better than what we’ve seen this week … Cable finally had a 100 PIP range day
… big whoop, don’t be surprised if tomorrow it’s 45 PIPS on a Friday … this entire
week has seen both Yen & Cable move in the same direction, and that has cut
short the ranges to a great extent … meh, it is what it is.
Meanwhile a relatively quiet day in crypto, with BTC behaving in a tight range so
far … I’ll be back in BTC here shortly for “The Syndicate”, so no worries.
… outta here early before my head explodes from all of the bullshit seen today
… a guy can only take so much … “the future looks so bright, I need
sunglasses”! 😎 … Onward & Upward!!
-vegas
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