And if you believe inflation is only running at 7% at the consumer level, I got
some farmland in the Atlantic Ocean for sale really cheap … You interested?
And the manipulators that run FX have done it again … right after Europe closes
at the “London Fix”, away she goes to the upside leaving no prisoners in GBPJPY
… and why these outfits aren’t in jail … well, we know why … welcome to another
day in the rigged casino.
I’m fighting stomach flu today, along with internet outages, and super high winds
here in the Caribbean … not a good day to be here … nothing it seems can move
Cable/Yen, except when Europe closes and it’s off to the races every day this week
with bullshit manipulative moves … talk about hard to capture, they make it
“Hoover Dam” near impossible unless you’re willing to buy rallies and/or sell
breaks … good luck with that … reversals, double reversals, what a bag
of horseshit.
And it’s no bouquet of roses over in crypto, where blitzkrieg down movies are
coming out of the woodwork and laying waste to crypto pairs … fortunately,
crypto “bounces” and actually trades some, while even movers like Cable/Yen
can stall in their tracks and leave you wondering if the market is even open
… this entire week in GBPJPY is / was a disaster, not from a P/L side but from
a trading perspective … the European session a complete joke of inaction and
very tiny ranges from which to operate … and then every single frickin’ day sees
mid to late afternoon New York trading, which I want to avoid, make moves
within an hour Europe couldn’t do in 9+ hours … frustrating to say the least
… looking at a daily candlestick, you wonder what’s the point? … only Monday
worth anything and I didn’t turn to Cable/Yen ‘till Tuesday … so here we are,
another day seeing the European session with a very sub par range of about
40 PIPS over 9+ hours, with the entire day well under its 20 Day Range MA
… haven’t seen this since the end of August into September … I’m thinking it’s
cuz of the impending BOE meeting coming up on Thursday next week, one
where again analysts are looking for a rate hike, and what happens if they
don’t get one?
For that matter if they do get one, is it a “one-off” buy the rumor sell the fact
kind of situation where Cable can’t win no matter what the idiots at the BOE
do? … caught in the crosshairs ‘till then, the cross is “STUCK” around 150-ish
with very little volume, liquidity, or interest among the institutional money flow
crowd until the BOE becomes known … as for specs, there aren’t enough of
em to matter anymore, cuz they’re all trading crypto instead.
When ranges are “tight”, you will get no bounces in Cable/Yen … they simply
bleed losers until there is no more blood to be had … this week has been a VIX
disaster in GBPJPY … the algorithm needs VIX, and 40 PIP ranges over 9+ hours
ain’t it! … it’s not like the algo is asking for 200 PIP ranges, cuz it’s not, just
something north of 90 and we’re in great shape … but 40, 50PIPS? … good grief,
corn spreads are more volatile … and the simple reason we need VIX is cuz
corrective activity depends on it for positioning … and without it, we’re simply
watching coin flips.
No trades today in the Turnkey PAMM … Europe won’t move, and I’m not
depending on New York afternoons for trading action … that’s a suckers play if
there ever was one cuz you’re dealing with pure thieves & criminals at the Wall
Street Banks … screw ‘em, I’m not about to hand them money just so I can say I
traded … next week should be much better, with Thursday & Friday
“gangbusters” once the BOE is out of the way.
Over in crypto land, it’s “Mr. Slim Pickens” in ETH … pretty much the whole
week outside of Wednesday, was either dead or going straight down
… “The Syndicate” today UP FRACTIONALLY via multiple ETH trades … not
a pretty picture in crypto at the moment, and while we’re still grinding higher
slowly but surely, this week has been rough … it is what it is.
Blog update on Sunday … outta here … “The future’s so bright I need
sunglasses!! 😎😎 … Onward & Upward!!
-vegas
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