ANOTHER MONDAY IN THE WORLD CASINO

“It’s always sunny on the other side of the screen!”

Did somebody forget to unlock the casino doors? … don’t be surprised if the

FED manipulators go on a “VIX killing spree” in the “Spoos”, between now and

the March FED meeting … since Europe opened about 5 hours ago, USDJPY

doesn’t even have a 20 PIP range … nothing on the economic docket today, and

it’s looking like it’s over before it even has begun … but it’s early yet, we’ll see.

It’s pure “sleep walking” right up to the “London Fix” … and I’m just about to write

just how bad awful all of this shit is today, if the scumbag banks can’t pull some

“scumbaggery & fuckery” at the fix … “oh, somebody got “fixed” alright, namely

the dumb ass corporate types who continue to get raped by these Jackals

day-after day … and then right before zero hour, BOOM!, there it is …in the case of

USDJPY, about 30% of the day’s shit range in less than 1 M1 … somebody again

tell me about honest & fair markets, cuz I like fairy tales as well as the next guy”!

… this is simply embarrassing, proving once again how corrupt & dishonest the

entire world’s financial system is.

So, is there anything left in the system of corruption once the “Fix” is in? … nope,

we’ve been sitting for over half an hour just chopping around a 2 - 3 PIP range in

USDJPY, while the scumbag banks send anyone and everyone into the slippage

“meat grinder” … take away that one M1, and we don’t even have a 30 PIP range

for the entire day … the trading algorithm is amazing, but it isn’t designed for

EXTREME LOW VIX like we’ve seen today in USDJPY … but this is modern day

FX, where one day VIX is fine, and the next it’s worse than anything you can

imagine in a nightmare … not just Yen, but all the majors … today, cuz of inflation

and other econ stats, EURUSD spreading its wings some, with an ECB meeting

on Thursday to boot … if Yen continues its lethargic action into tomorrow’s

European open, I’ll simply switch over to EUR and pick it up from there

… remember, these are the 2 pairs I trade now, and I’m not gonna sit here for long

and watch paint dry in Yen while EUR is doing anything … I’ll make the switch

… I’d like to stay in Yen cuz the chart is “cleaner” on moves over EUR, but

trading action is badly needed, and if we can’t get it in Yen, and we sure as Hell

ain’t gettin’ it today, then screw it, we’ll get it in EUR.  

No big misses in the E.U. data early this AM, other than GDP a tad light  from

consensus … with EURUSD getting “monkey hammered” into the 11 handle, it

appears it created some spirited short covering as the possibility of some hot

inflation data gives hope of maybe seeing an interest rate hike in the future … so,

EURUSD gets an 80+ PIP range for the day while USDJPY sits and sleeps [so far]

… we’ll see what tomorrow brings and trade accordingly … now into the New

York afternoon, and unless the “Spoos” get bat shit crazy [BSC], I don’t expect

anything from FX pairs but mindless drift with a good dose of “scumbaggery &

fuckery” from the virus scum of Wall Street banks … it’s who they are and what

they do, so don’t expect a tiger to change its stripes and invite the lambs in for

some tea!

What I’ll be doing going forward, is starting trading near the European open in

EURUSD as the “default mode” trade pair … if USDJPY picks up activity I’ll move

over there if EURUSD is subdued and lacks trading action … we missed some

good signals today cuz I was in Yen waiting for it to move … no more … instead

of being in “default mode” starting the day in Yen, it’ll be in EUR … this will give

us better profitable opportunities in either one that moves, without having to wait

on the one that doesn’t move.

Into the New York afternoon, AND NOW SHIT STARTS TO MOVE! … well, with the

virus scum of New York Wall Street banks at the fore, now that Europe is closed,

who’s surprised? … can’t do shit for over 18+ hours, but now since the “Plunge

Protection Team” [PPT] is doing its “Hoover Dam” best to goose “Stock Bellies”

higher with “risk on” bullshit of printed CNTRL-P money from the Lounge Lizards,

it’s squeeze the livin’ shit out of positioned shorts in FX and make ‘em bleed

… even with this, however, trading action in USDJPY is horrible … much better in

EURUSD, as there is at least some flow there to trade … not much, but better

than Yen to be sure.

No trades today for the Turnkey PAMM … Yen hasn’t moved worth anything up

until a few minutes ago, and tomorrow sees me shift our focus first to EURUSD

at the European open going forward … meanwhile over in crypto, while BTC

stays steady and drifts slightly higher from last week, the alt-coins like ADA are a

disaster … ranges have collapsed, volumes thinned out, and liquidity a major

issue on spikes up / down … just a complete circus shitshow … no trades today

in crypto, and I’m gonna need to see better action than this in pairs like ADAUSD

before I wade back into the pool.

Things heating up in the major pairs in Europe, notably EURUSD today with a

90+ PIP range so far, and with the ECB meeting on Thursday, a little bit better VIX

structure creeping into the market … this will benefit us via the trading algorithm,

cuz the higher the VIX, the better the algo performs … onto tomorrow.

… outta here … “The future’s so bright I need sunglasses”!! 😎😎

… Onward & Upward!!

-vegas

 

SUNDAY UPDATE: LAST WEEK PROVIDED ALL THE PROOF

“Market manipulation of the “Spoos” is ALL that matters!”

How many tens, if not hundreds, of billions of dollars got thrown down the rat hole

by the “Plunge Protection Team” [PPT] last week artificially supporting the U.S.

stock market from a crash? … can you say “FED policy error?” … every single

day they were in the U.S. market, and for who and for what purpose? … it sure as

hell ain’t for you & me … it’s for global Elitists, like Buffet, Gates, Bezos, etc., with

the primary purpose to prop up the corporate buybacks that make Boards of

Directors “uber rich” via stock options … by flooding the financial system with

oceans of newly printed “Benji’s”, the FED manipulates interest rates so the

Ponzi scheme can continue and “zombie” companies & financial institutions like

Squid, JPM to name a few, can continue to cut their public stock float, thus

insuring rising EPS without doing a “Hoover Dam” thing … and then the circle of

corruption continues when said banks & companies kick some of it back into

political PAC’s, so that Assclowns like “Taliban Joe” got free money to throw

around … “so somebody tell me, what does J.P. Morgan or Vampire Squid

PRODUCE in the U.S., besides financial bullshit that grows higher every frickin’

year? … what benefit do they add to society? … not a fucking thing is what they

add, and bloodsucker banks like these are a big part of the problem … they are

nothing but parasites.

This in a nutshell is what’s VERY WRONG with the U.S. financial system

… fortunately or unfortunately, depending on your viewpoint, this shell game is

about ready to run into some serious math problems … fact is, this endless

borrowing & spending of trillions is gonna end in disaster, and by my back of the

envelope math, there’s no way it can continue for more than about 5 years at

present pace … we’re already at the point where you could CONFISCATE the

entire fortune of ALL billionaires, and it wouldn’t run the U.S. Banana Republic

machine for more than about a week! … what’s gonna end it? … IMHO, it’s when

both the ChiComs & Ruskies back their respective currencies with gold, AND

crude oil is priced in something other than dollars … when this happens, IT’S

O.V.E.R., and the U.S. becomes Venezuela overnight.

From a trading perspective, I’ve tried on numerous occasions to trade “Stock

Bellies” at Turnkey for the PAMM, to take advantage of the “88/6/6” paradigm,

but sadly thieving “market makers” parading as “liquidity providers'' [LP’s]

always show up with 1) “bait & switch” bid/offer spreads, 2) horrendous slippage

with off market fills that are pure bullshit, or 3) BOTH … thieves can’t help

themselves, they are who they are … what frosts my cupcake is that Turnkey

NEVER does anything about it, thus telling me by default they receive part of the

“rip off” as some kind of brokerage house rebate from the bank or HFT … not

illegal in most, if not all, offshore jurisdictions, but sleazy as hell IMHO … but

as I’ve said a million times, they do what doesn’t get them indicted … and most

likely they route the vast majority of client orders to one or maybe two

banks / HFT’s, wherever the thieving is the greatest for the highest return … this

is the state of Turnkey’s CFD market offerings, and quite frankly none of them

are worth shit.

Then there’s FX, where doing a “180” simply cuz the volumes are much, much

higher and the markets tighter, the LP’s simply can’t get away with thieving on

the scale they get away with in CFD’s … CFD’s cost customers dollars, FX costs

customers pennies … now, nobody expects banks or HFT’s to provide a service

for free, and under circumstances that are usually normal for FX, even with

slightly higher VIX on some days, getting “clipped” a tenth or two on a fill isn’t

going to be the determining factor in whether or not the trade was profitable

… you can’t say the same in CFD’s, where the vast majority of the muggings,

robberies, & rapes of accounts take place … and don’t get me wrong, Turnkey

isn’t the only place where this is a very big problem, cuz there’s plenty of houses

where CFD’s are a complete rip off, and even worse than Turnkey … on the other

hand, you can’t generalize about the entire CFD space, cuz there are some decent

NO KYC brokerage houses that have pretty decent CFD’s … the Mrs. likes

“Simple FX’, where there’s NO KYC, no commissions, very fast latency on fills,

and generally is happy with the above average bid/offer spread conditions

… when the NYSE is “open”, the “Spoos” spread is 0.3 index points, the DOW30

is 2 index points, and the NDX100 is 0.7 index points … crude oil is 3 cents, gold

is right around $0.20 give or take a penny or two, and they have stock CFD’s as

well on the U.S. market’s most volatile stocks like Tesla [TSLA], Amazon [AMZN],

etc. … crypto here is a joke, so you wouldn’t come here to trade crypto, and FX is

a few tenths of a PIP higher across pairs versus Turnkey with commissions, so

if you were 100% an FX trader, this isn’t the place either, as Turnkey is about as

good as it gets in FX, all things considered … but for world “Stock Bellies”,

crude oil [Brent & WTI], & gold, I don’t think you can find much better, that’s

NO KYC, no commissions and from what I’ve seen very minimal slippage if any.

What I find amazing are two things … 1) the U.S. Dollar hasn’t collapsed [yet],

and 2) Turnkey can be sooooo “Hoover Dam” good, if not the very best, in FX,

and soooooo piss poor in CFD’s that the difference is a study in black & white

… what keeps the system afloat is the fact that all of the major central banks have

the CNTRL-P machine running 24/7/365, but again the FED is making noise right

now bucking the trend of the others … will it cave or will it let the “bubbles” pop?

… I don’t think we have long to wait to get the answer.

Directly below, the 20 Day Range MA of selected markets.

click on table to enlarge

Priscilla The Trading Gorilla [PTTG] continues to be sick with some kind of flu

virus … she’s getting better, but it’s a slow process … whether she’s back or

not, next week starts the results, so I’m giving her this week to get back to

trading … if she can’t make it, we’ll pick it up when she returns to good health.

Onto the week … outta here … “The future’s so bright I need sunglasses”!! 😎😎

… Onward & Upward!!

-vegas

 

 

“TALIBAN JOE” & THE CHICOMS … A LOVE STORY

“What did they get for their $31 Million!?”

Maybe the vaunted FBI [a/k/a the Federal Bureau of Incompetents] could

investigate … oh wait, never mind, they’re too busy investigating parents of

school children as “domestic terrorists”, and I hear they’re still looking for

Cankles lost emails … this is what political Hacks do in corrupt Banana

Republics, use the levers of government to protect the privileged, while at the

same time using those exact same levers of government to punish ordinary

people with the “process” … corruption not a “bug”, but a feature of worthiness

to run a criminal empire … all made famous in the modern era by Slick Willie

Clinton and the Clinton Crime Family … now a regular resume enhancement of

Libtard POLS everywhere, cuz how you gonna pay off everybody who matters to

look the other way? … the only difference between the U.S. and Venezuela, is

the U.S. can still borrow money on the credit card that will never be paid off.

Welcome to Friday trading … and lo & behold, the “Spoos” don’t have a 100+

index point range as the sun comes up in New York … did the CNTRL-P machine

temporarily run out of ink? … and here we are, as nothing is literally moving

anywhere … as far as Yen & EUR are concerned, I’ve seen more action in a

morgue … ranges incredibly small, but it’s still early yet.

The ranges in the Asian & early to mid European session aren’t as important as

they used to be, and that change comes with the hawkishness of the FED

… come sun up in New York, around 6 AM EST give or take a few minutes, that’s

when the action starts as rates in the U.S. begin to trade, and for USDJPY

particularly, rates are the key component to where the Yen goes … yea, to some

extent the “risk on / risk off” [RORO] bullshit we’ve become accustomed to still

matters, especially if the “Stock Belies” get monkey hammered … other than

that, though, it’s the rate differentials between Japan and the U.S. … and since

rates in Japan are for all practical purposes COMATOSE, thanks to “Peter Pan”

Kuroda & crew at the BOJ manipulating the shit out of anything & everything on

the yield curve, it boils down to what U.S. rates do … rates go up, USDJPY goes

up, rates go down, USDJPY goes lower … and we now find ourselves in a

“tightening cycle” for the first time since before the 2008 financial crisis

… whether the FED has the cajones at crunch time to raise rates is another story,

but for now the “dot plots” for rate hikes in 2022 are for increases at every

meeting going forward … and what that means for USDJPY should be clear

… unless “Stock Bellies” go tapioca and SHTF for a major drop, USDJPY

should be well supported on any breaks … this is the “lay of the land”

at the moment.

Current 20 Day Range MA in USDJPY is about 68 PIPS … if it were above 90 - 100+

PIPS it would be as close to a “perfect pair” in trading as you could ever hope to

find … but it isn’t, so I deal with it.

Don’t get me wrong, USDJPY has its moments of bat shit crazy [BSC], but for the

most part its chart is smoother than EURUSD, which at times can appear like it’s

on meth … there is “bigly & yuge” institutional flow into / out of USDJPY on a

daily basis, and while it’s hard to judge if Mrs. Watanabe & Gal Pals, or some of

the other Chuckleheads still trade Yen like they used to, bottom line is it doesn’t

really matter cuz they’ve always been dwarfed by the “big money” anyway

… what makes USDJPY attractive are 2 items … 1) LOWEST BID / OFFER SPREAD

on anything traded, and 2) a relatively decent to excellent range in the M1’s

during U.S. hours … even given today’s shit range of about 53 PIPS [so far], the

average hourly m1 range is about 2.0 - 2.5 PIPS since New York got going about

4 - 5 hours ago.

Rates in late morning going lower on some major bank PR bullshit about how

recession risks are rising … oh, OK … how does that square with 5 - 7 rate hikes

going through the end of 2022? … and what’s in your magical glass ball about

inflation cooling that’s gonna allow rates to drop? … again, somebody tell me

how Treasury rates under 2% puts the fire out in inflation that’s easily running

10%+? … [and I don’t give a shit what some government Apparatchik says about

“official” inflation stats, cuz they are LIES!] … and that has set off the “Spoos” to

the upside, and by default with “risk” now “ON”, USDJPY goes somewhat lower

for the first time in 5 days … what a wonderful manipulation act this was, coming

on a Friday to trap shorts into the weekend and force them to make a decision. 

Day isn’t over, but I’d say the banks did a wonderful sales job to get “Stonks”

higher … mostly so they can sell inventory to all the BTFD Dopes and bank some

coin before the weekend … just think of “The Comex Con Game” in reverse and

you won’t be far off.

Today’s problem was getting the USDJPY range to an adequate level, where the

trading algorithm could become effective … that didn’t happen until the third rate

econ stats got released at 8:30 AM EST, and gave a glimmer of hope for lower

rates today … when that happened USDJPY responded and we got our first and

only decent algorithm buy signal in USDJPY … TURNKEY PAMM UP SLIGHTLY

… since that first low, things have died down dramatically as we’ve passed the

London Fix and are now into the afternoon of New York, where for the last hour

the range has been about 10 PIPS and the market is chopping while moving

sideways … and while I realize USDJPY is most likely good to the NYSE close,

unless something drastic happens, I don’t really want any part of a New York

afternoon on a Friday … any Friday … and that goes for Yen as well as any other

market, simply cuz the amount & scope of “scumbaggery & fuckery” is high after

Europe closes and it’s the virus scum of Wall Street banks we are forced to deal

with … and to that I say, “No thanks”.

My volumes were intentionally light today, simply cuz I have to gauge Turnkey’s

FX LP’s ability to be honest & fair with fills … I’m not expecting any problems cuz

this is FX, the best area Turnkey has for trading … but hey, Turnkey being Turnkey,

you don’t know until you know … today’s fills in USDJPY were excellent, as both

in & out had ZERO slippage, and latency was good enough to convince me

nobody held the orders … volumes next week go up from here in stages, and

from all indications we should be OK doing the kind of volume I want to do … so,

good news for the PAMM today and it’s on to next week.

Crypto a completely different story, where the alt-coins are suffering as BTC

remains steady to rising in price … volumes are down and liquidity has vanished,

and I’m thinking that since this is the very first time in crypto history the space is

going through a tightening cycle [real or imagined, what’s the difference?],

traders / investors are pulling back … BTC is a “store of value” [SOV] coin,

whereas the alt-coins that matter are building out the block chain to one degree

or another, and a rise in rates is gonna affect funding and investments in

partnerships no doubt … how long this lasts is anybody’s guess, but for right

now the alt-coins are in a deep freeze … No trading in crypto today for

“The Syndicate”, as I await better conditions. 

Blog update on Sunday … outta here … “The future’s so bright I need

sunglasses”!! 😎😎… Onward & Upward!!

-vegas