I don’t think there will be war with Russia for one big reason … I TRUST PUTIN A
LOT MORE THAN “TALIBAN JOE”! … left to Biden, he’d send in the cavalry on
horseback … fact is, Vlad is playing with Biden and at the same time raising the
price of oil into the 90’s per barrel, thus ensuring rising gas prices at the pump
and continuing horrific inflation in the U.S. … all without really doing anything
… meanwhile, WH sycophants and members of the “Deep State” float “false flag”
rumors of imminent invasion … well, if anybody knows “false flags” better than
the CIA, I sure don’t know about it! … fact is, I don’t trust ANYTHING THE U.S.
GOVERNMENT SAYS ABOUT ANYTHING, without somebody else verifying what
they said … over the last 59 years, since JFK bit the dust, somebody tell me what
the U.S. Government has been truthful about? … “Just once, tell me … funny, all
I hear are crickets”! … nothing but lies & propaganda top to bottom, so why is
this any different?
Today is NFP Idiocy Day, where the consensus is a big miss to the downside
… we’ll see how that plays out come 8:30 AM EST … crude oil skyrocketing to
over $92 per barrel for WTI … get ready for another 10 - 20 cent rise at the gas
pump, courtesy of the corrupt Fool sitting in the WH … before the saber rattling is
over, Vlad & crew will see oil above $100 per barrel, and maybe then they’ll back
off some … of course, there’s always the chance of war on the Russia - Ukraine
border, if and when somebody does something stupid, but if your Vlad, you’re
already sticking the knife in Biden’s back and twisting it without doing anything
… why ruin that scenario? … “81 million votes … you Dopes that voted for this
Doofus must be so happy, right? … shared misery from the guy who can’t even
remember his fucking name”!
Well, that escalated quickly didn’t it? … so much for “expert” opinion on the
jobs number from the likes of Vampire Squid, etc, as once again “unexpectedly”
takes center stage … yea, it was a big miss alright, but UP not down … and it’s
“speed of light” to the downside in “Stock Bellies”, gold, FX, and bonds … in
addition to that, over across the pond, BoJo faces political extermination as 4 of
his cabinet staff quit … and quite frankly, after having spent 5 years+ dealing with
political intrigue in Cable via BREXIT, and the almost daily bullshit of spikes from
Hell, BoJo biting the dust isn’t a headline I want to get caught in if it happens
… give Cable a regular market free of political bullshit, and it trades quite nice
… play with fire and you get burned … we’ll see how this unexpected
development plays out in the days ahead, but I give him only at best a 50 / 50
shot at remaining PM, and if he goes that will initially be Cable bearish.
Having said that, transition to EURUSD today, as it’s by far the strongest in the
space, and will likely remain so for a while … the ECB shift, the world short
EURUSD up to its eyeballs, all points to higher EURUSD down the road … until
BoJo’s future is decided, you can’t say the same for Cable … even with today’s
sigma miss in jobs to the upside, EUR only has [so far] a 62 PIP range, and is up
for the 6th day in a row starting from down around 1.1150 to right now around
1.1435 … the risks here are very much to the upside, so I want to trade this puppy
from the long side only … still early yet, let’s see what happens.
Nothing goes to ZERO and nothing grows to the sky … EURUSD is no exception,
and I’d like to be a buyer under 1.14 on algorithm buy signals … we’ll get our
shots, as VIX is increasing … so far only slightly, but it’s welcome nonetheless
cuz what it means is algorithm signals on better trading conditions … meanwhile,
WTI crude oil goes over $93 per barrel … thanks “Taliban Joe”.
EURUSD range got extended slightly, but price couldn’t penetrate below 1.14, with
the low seen at 1.1411 … into the London Fix sees a small rally and it looks like the
range for today unless something happens in the New York afternoon, is gonna be
right around 72 PIPS, about a “baker’s dozen” +1 PIPS shy of it’s 20 Day Range MA
of about 86 PIPS … Cable seeing a range today of about 110 PIPS, well above its 20
Day Range MA of about 83 PIPS … as you can see, yesterday’s blowout range in
EURUSD has lifted the 20 Day Range MA from 68 to 86, a pretty sharp increase for
one day’s action to affect 20 trading days … welcome news for EURUSD, but
political uncertainty not welcome at all for Cable until Bojo’s fate is decided … I
would imagine we’ll know that within the month of February.
Post NFP report, only 1 algorithm buy signal in EURUSD … TURNKEY PAMM UP
SLIGHTLY.
This entire week has either been “hurry up & wait” with extended hours of very
tiny ranges, or bat shit crazy [BSC] on central bank interest rate decisions +
today’s NFP Idiocy … pre NFP report today saw ranges very tight, especially
EURUSD, where we had a range of about 35 - 40 PIPS … from a trading
perspective, weeks like this that are heavily influenced by major central bank
events plus econ stats, are not usually very good scalping scenarios … the
reason is simple as we saw this week … either it’s dead or going BSC in a straight
line, neither of which is good when viewed from a scalper’s mentality … meh, you
just live with it!
Volumes today were on the light side … when you get such a sigma miss as this
in NFP, and rates skyrocket higher, especially in light of recent gains, who knows
the level of panic to hit the exits before the weekend … volumes will increase
next week, and we should … SHOULD … start getting multiple algorithm buy
signals from the EUR market … when shit in Cable clears up with BoJo, stays or
goes who cares, the more the merrier and Cable can come back into the mix at
that time … overall, the trading algorithm is performing exceptionally well … if we
can keep the ranges, there’s shiploads of dinero to be made and booked … onto
next week!
Meanwhile over in crypto land, today sees BTC & ETH finally get some legs and
bolt higher … would be great if it lasts, but we’ll see … the alt-coins, e.g. ADA
with a 700+ tick range so far today, which is fine, but it should be doing better
… “The Syndicate” returns to trading Monday in a new alt-coin that will give us
all we want plus some … stay tuned.
Blog update on Sunday … outta here … “The future’s so bright I need
sunglasses”!! 😎😎 … Onward & Upward!!
-vegas
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