Liar, Liar, pants on fire! … well if the shoe fits, wear it! … but here’s the rub … they
will keep on lying, stealing, & selling the country out cuz in their minds there are
no consequences for their actions … is Cankles Clinton in jail? … has anybody in
the FBI, CIA, or NSA been indicted for crimes against the American people? … 2
sets of justice in this world … one for the ruled [you], and the other for the Hunter
Biden types … somebody tell me what’s ever gonna change this?
Trading in the FX space these days, has boiled down to a few distinct categories
… 1) let the Chuckleheads do their thing and establish some kind of “risk on” or
“risk off” theme that sees some kind of smallish range being established
… 2) Europe opens then dies after some brief institutional flows ,,, and then
3) the world waits for the Wall Street scum to arrive and determine where the
10 YR. Treasury rate goes & how best to rally the “Spoos” … and crosses like
GBPJPY simply become proxy pairs for U.S. “Stonks” … until the next day where
it’s rinse & repeat … today following this path cuz what else is there?
GBPJPY stuck in the mud, where it’s the 4th day in a row stuck between the daily
high/low from September 2 … in other words, the fourth day in a row of being an
inside day … talk about indecision, this is it … and it’s no better in anything else
either … and once New York comes in, it becomes more than ever a game of how
does USDJPY react to “Stonks”, and perceived levels of systemic risk … if it’s
“risk on”, “Stonks” will rally, the dollar rallies, and USDJPY goes higher, and it’s
the exact opposite if the perception is “risk off” … quite frankly, there isn’t
anything else that moves Yen, cuz it’s still the world’s carry currency, being the
denominator FX pair of the most heavily traded crosses … and when I said
yesterday it makes the case for more “pure” moves in GBPJPY, this is the reason
why … however, inside of tight ranges, it doesn’t take much to change sentiment
and get flows moving quickly from one side to the other … think the scumbag
banks don’t know this? … guess again, they’re perfect masters at gunning for
stop hunt runs on either side, and when it doesn’t take much, the easier
it becomes.
At present, GBPJPY is “coiling” for a large move … both the daily & weekly
charts show wedge trendline support & resistance very close to where price
is now … something is gonna give … in addition, both the daily & weekly charts
show a large “head & shoulders” formation, with the neckline around the 149.000
level in the cross … if “Stonks” get clobbered here in September or October, and
get the 10%+ correction many are looking for, Yen will rally, Cable won’t and I
think we’ll see that neckline come into play … if breached, that portends a
sharply lower GBPJPY price down to around the 140 level … and if the Ponzi
stock bubble continues unabated, price likely moves higher into the 150’s or
160’s in the weeks ahead.
But all of this “coiling” isn’t gonna help anybody inside small, tiny ranges … cuz
just when you think everything is fine & safe, blink your eyes and it’s running at
the speed of light the wrong way, and now what? … cuz the problem here isn’t the
first set of dominoes, which is the loss, it’s the second set where you now have to
make that money back … will the market give you the required action? … maybe,
but lately it hasn’t, and that’s cuz manipulator central banks via their BFF
scumbag LP banks CRUSH VIX, and now you’re stuck … literally, now what?
… and being stuck in mud for the 4th day in a row from the range set on 9/2,
they’ve got enough people around the globe wondering what the hell do I do
now? … this is the traders dilemma when it comes to small, tiny ranges and
their effect on trading action.
A useless wandering FX space spurts into action … wait for it … about 45 minutes
to the “London Fix”, where scumbag LP banks front run corporate orders that
start dribbling in with their ILLEGAL prop trading desks located offshore in
multiple tax havens, and here comes the pressure into the “fix” … “yea,
somebody got “fixed” alright, namely the Jimbo Dopes who manage institutional
cash flows and feed the banks … here, STFU and take our money, OK”? … and
once everybody gets to sell FX at or near the day’s low, expect the relief rally in
3 … 2 … 1 … “oh, there it is”! … and still GBPJPY can’t fucking move to save its
life outside of a few PIPS, cuz the Yen part of this equation refuses to go higher
with lower “Spoos”, instead going lower with other FX pairs, like Cable, on
slightly higher 10 YR. Treasury rates … “meh, sometimes this happens,
no big deal”.
So, light institutional flows to start the European session … literally NOTHING
FROM THEN ON to the “London Fix” … pretty F-ing pathetic, but there isn’t
anything I can do about it … no real buy signals today in GBPJPY … a couple
came very close, but there was ZERO follow through on any of the few rallies
over the course of the European session, and it just DRIFTED aimlessly within a
few PIPS of a median price … over 8+ hours and all this shit can do is go 40 PIPS
FROM THE TIPS, and meander around doing literally NOTHING … oh well, we
move onto day 5 inside the range of 9/2, unless of course the New York scumbag
virus banks can muster enough fuel to take out the low or rally it enough to take
out the high, something that seems improbable, but the range isn’t that big to
begin with, so I wouldn’t wholly dismiss the idea as unreasonable … quite frankly,
just another day of useless, flaming dog poo … when there isn’t anything here, it
just does what it’s been doing for over 2 months now, which is drift.
Well, if you ever needed more proof just how FUBAR the manipulation machine
is in FX, all you have to do is concentrate on the “Fix” each day at 11 AM EST, as
scumbag LP banks front run price usually to the high or low of the day … and
then when that’s over, natch you have to take it the other way to get out of all the
shit you either bought or sold to the Jimbo types … and today seems as apt as
any to point out the biggest move of the day occurs AFTER THE FIX for 30
minutes! … how the hell does this happen? … the most active part of the day is
now closed, so how else do you explain the biggest move of the day MINUS its
most active component? … “well, that’s easy to answer, it’s scumbag Wall Street
banks, who can now “muscle” any FX pair cuz they’re the ones making the market
now … and when they get their pulse on the order flow, you as a trader don’t
stand a chance against these thieves, cuz they’ll gut you like a fish for dinner
… it’s been this way forever, and it’s the major reason I ABHOR TRADING IN NEW
YORK AFTERNOONS ANYTHING FX … been at this rodeo too long, and seen
some real scumbaggery, and I’m not about to donate to this years
“hooker/blow/alcohol” themed X-Mas party … and yea, they really do love those
weenies wrapped in bacon, downed with some Dom Perignon!
You look around at other markets, and it’s just as bad there … you wanna see
REAL TRADING? … go over to BTCUSD and ask yourself why you ain’t there?
… at Turnkey the answer is simple … any and all crypto is a joke, with slippage
that would choke a fleet of horses, right along with eye watering spreads that
move HIGHER at any movement … there isn’t any way you win, period! … gold
sees the “Comex Con Game” and Basel 3 is a total joke … absolutely nothing has
changed in gold, it’s still run by shit weasel bullion banks and isn’t anywhere near
a free market … “Spoos” and the other indices, the other pure manipulation
machine, where the FED crushes VIX to screw you … and finally crude oil would
be great to trade if Turnkey had an honest LP … unfortunately they don’t
… “Vanna, spin the wheel and let’s see what the bid/offer spread is now”! … and
so here we are in FX, where IF IT CAN MOVE [a big “IF”], at least we don’t have a
hurricane force wind in our face … today just happens to see GBPJPY go
“sleepytime”, with a shit range stuck inside the 4th day in a row of the range
from 9/2 … I get up and keep asking myself how these markets can get any
worse … then I see how they get worse … man-’O-man what a shitshow circus!
NO trading in anything today … can’t break enough, can’t rally enough, and in
between it dies … literally can’t move 5 PIPS in either direction to save its sorry
life … well, hopefully this ends sooner rather than later.
… outta here … “the future looks so bright, I need sunglasses”! 😎
… Onward & Upward!!
-vegas
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