See my shocked face … parents all across Virginia don’t particularly like being
called racist, domestic terrorists, or white supremacy advocates cuz they care
about their kids education … “but by all means Libtards, double & triple down
on that campaign rhetoric for 2022”! … meanwhile, “The Brandon Administration”
is hiding in “the Swamp”, not wanting to face questions about its disastrous
election results, thanks in part to “Taliban Joe” himself, fresh off an embarrassing
trip overseas to save us from cold winters & hot summers … “you can do that
don’tchaknow, by raising taxes & eliminating cow farts! … Yup, Libtard science
at its best”! … and like all things turned to shit, cuz that’s what they do best, by
ignoring it they think you’re too F-ing stupid to remember it down the road
… I think maybe they’re mistaken.
All eyes on the BOE today, and quite frankly it doesn’t matter much if they raise
rates or not, it’ll be seen as a “dovish” one off, not the start of a tightening cycle
… but, never underestimate the ability of central bankers to fuck things up, so
who knows what bullshit will be forthcoming to try and appease both doves &
hawks … cuz let’s be honest & forthcoming here, and forget the financial MSM
bullshit for a second and focus on the main goal of FX trading in the modern era
of central bank manipulation, and that’s to enrich the scumbag banks, which in
turn shove part of the “skim” from illegal prop trading via offshore trading
accounts, via slippage & front running institutional orders, right up the ladder
to the POLS, Apparatchiks, & regulators, and do you want Bitcoin in your secret
e-wallet or something else? … believe anything else and you’ll be
donating heavily!
Throughout this week, the 20 Day Range MA for Cable/YYen has slipped some,
down around 9% to 122 PIPS from 133 at the end of last week … given the
enormity of Wednesday [FED], Thursday [BOE], & Friday [NFP] on markets, it’s
shouldn’t be a big surprise that the 3 days preceding yesterday were “light” in
the range department … it would take seeing the 20 Range MA going below
85 - 90 to get me somewhat concerned, and I don’t foresee that happening.
Well that escalated quickly to the downside didn’t it? … the BOE “punts” on
the supposed rate hike that all of the smartest people in the room predicted
… and how about that 19 minute straight up “pump” in Cable right before the
decision? … classic front running, and then KABOOM! … “they said there could
be blood”! … and now what, with the order book blown to shit? … range
approaching 300 PIPS in GBPJPY, and some support levels in Cable that are key
unless things get really ugly … AND, it’s turning ugly … even ZH is now reporting
traders feel “betrayed” by the BOE high priest of bullshit, as he has been priming
the market for a rate hike these last weeks … “so sorry, come again”! … the link
below.
https://www.zerohedge.com/markets/traders-steamrolled-after-bank-england-flip
-flops-leaves-rate-unchanged-defying-market
My guess is, there’s a ton of stuck Cable longs, and with pressure coming from
every cross imaginable, the pressure on the downside has the potential to be a
bloodbath … and with the BOE hitting the market right between the eyes, we find
ourselves in the FX “Twilight Zone”, wanting to trade GBPJPY from the long side,
but getting price action sigma misses on the negative side … which means the
wicked red down spikes are a helluva lot worse, come quicker, meaning slippage
could be a problem, and whatever long gain you just had before you blinked your
eyes is gone … and from so far today, it ain’t coming back much at all … Cable
getting “monkey hammered”, and Yen rallying … not a combo you want to see if
you wish to get long … so natch, post BOE, the algorithm has given no buy
signals, only sell signals … quite frankly, the way Cable is acting, it’s in semi
freefall into the London Fix … thanks BOE, you’re doing a bang up job!
And this isn’t just about Cable either, cuz USDJPY has gotten overbought … with
10 YR yields on treasuries going lower, the Yen should be supported
… meanwhile “Stock Bellies” go higher into new ATH cuz the worse things get,
the MOAR! QE is gonna eventually be on the way … with China imploding,
“Taliban Joe” a complete lame duck after Virginia, Manchin killing his agenda, an
unconstitutional vaccine mandate shoved down people’s throat who are gonna
quit, the U.S. economy doesn’t look that good … in fact, IMHO it looks horrible
with ever rising inflation, supply chain bottlenecks everywhere, and who knows
what else “Taliban Joe” fucks up in the days / weeks / months ahead.
For now, I’m gonna keep my long bias on GBPJPY, but there are major warning
flags up the pole … a break of 149 in the cross will spell major trouble, but we’re a
ways away from there at the moment … still, today is a bloodbath out of nowhere
for GBPJPY, with very few thinking the BOE would “punt” … that’s gonna mean
deleveraging & position squaring into the next BOE meeting in December … and
then there’s tomorrow’s NFP idiocy.
No trades today for the Turnkey PAMM … not for trying, there simply were no
buy signals post BOE into the European close … plenty of sell signals, and a
day’s range [so far] that is approximately 150% IN EXCESS of its 20 Day Range
MA … and more than likely, the damage in Cable extends into tomorrow … make
no mistake, this was a clear cut case of a central bank “sandbagging” traders
… why should it be a surprise, they’ve done it plenty of times in the past 20+
years, why should now be any different? … “Go ahead Charlie Brown, kick the
football”!
Meanwhile over in crypto land, the alt-coins led by ETH, DOT, and a bunch of
others are making traditional markets look stupid … more CONSISTENT trading
action in 2 hours than all of FX the entire year of 2021! … don’t believe me? … go
do the math and find out the hard way … DOT [Polkadot] today {so far] putting in
a double reversal, traversing a 3,000 tick up move followed by a 3,000 tick down
move to a new low, and then rallying 1,900+ ticks … even with the bloodbath in
Cable and Cable/Yen, it doesn’t even come close to what crypto does day in, day
out … and the main reason? … NO F-ING SCUMBAG BANKS! … just pure almost
100% trading from HODL-ers & spec traders, and cuz of that you get FOMO & panic
on a daily basis, spread out all over the world … sooner or later, the entire world
of trading finance will figure it out and shit like FX will be on “open order book”
[OOB] platforms, and the banks can compete with everybody else.
“The Syndicate” UP APPROXIMATELY 0.6% today via multiple trades in DOT
… first day this week the 20 Day Range MA [so far] hasn’t hit the mark, coming in
about 20% lower … no matter, still more than excellent trading conditions that
remain CONSISTENT throughout the day … more on the trading algorithm in the
days ahead.
Tomorrow is “NFP Idiocy Day”, but I’ll attempt to trade Cable/Yen before then if
we get the appropriate buy signals from the algorithm … post NFP, we’ll see how
this puppy reacts and take it from there.
… outta here … “the future looks so bright, I need sunglasses”! 😎
… Onward & Upward!!
-vegas
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