THIEVES

 

“A brand new “wrinkle” to their thieving ways!”

It’s bad enough when these scumbag LP’s tack on slippage, and blame it on

“DUH!, market conditions, DUH!”, when what they’re really doing is preventing

traders from getting decent fills cuz they don’t want to get picked off … and then

there’s the blow the spread out cuz there’s a war! … more bullshit … now there’s

a new wrinkle … widen the spread AFTER YOU TAKE A POSITION! … Thanks

Turnkey, you’re doing a “bang up” job … occasional small losses and “false

positives” I can handle, they come with the territory, but getting held up and

having a gun stuck in your face by these scumbags is a different story.

Twice today, both times in EURJPY after an algo buy signal, this happened

… both times over half a PIP … YEN a complete mess thanks to the BOJ, so I

moved over to EURJPY … AND AGAIN, like I have to learn it again from scratch,

the only markets worth trading at Turnkey, where there are most of the time

decent conditions, are EURUSD & USDJPY, and about 90% of the time EUR is the

clear winner over YEN … lowest spread, and relatively lowest “scumbaggery &

fuckery” quotient versus the others … the criminality today by these scumbag

LP’s in EURJPY, simply off the charts … quite frankly, you just have to leave it

alone, cuz they’re gonna do what they have to when it comes to thievery

… movin’ over to EURUSD tomorrow, and anchoring there … everything else

simply an illusion of a market.

Multiple trades today in EURJPY, and the TURNKEY PAMM DOWN SLIGHTLY

MORE THAN 0.1% … TAKE SLIPPAGE, AND ADD a heaping dose of

“scumbaggery & fuckery” with spread widening, and about 70% of the loss just

blatant LP thievery … should have been in EURUSD, and we’d be backing the

Brinks truck up to the back door … so onto tomorrow … USDJPY has overplayed

itself, and the BOJ is eyeballs deep in manipulation mode, which doesn’t help us

one bit … the actual dollar loss today not really anything of significance, as it

would be collectively more expensive taking a date to Chili’s … volumes in

EURUSD will be higher starting tomorrow, as the “up slightly / down slightly”

bullshit ends … time for the algo to shine via higher volumes, and its best market

is in fact EURUSD.

Over in BTC, slightly more than 1K for a range today over the last 10+ hours, and

most of that is down, in a slow walk down the hill … just really pathetic.

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

… Onward & Upward!!

-vegas

THE BOJ LAYS DOWN THE LAW [FOR NOW]

 

“Central Bankers!”

Thank you BOJ for intervening again last night, mid morning in the Asian session

… your efforts at YCC [Yield Curve Control] sent the YEN rallying [USDJPY lower]

just shy of 200 PIPS, and no doubt forced another batch of positioned longs to

come to the urinal and puke … which, let’s be candid here, is their purpose right

along with helping their own importers and exporters … and since then, what?

… NADA is what … USDJPY can’t move 20 PIPS from a median at 121.75 from 9+

hours ago and growing… thanks for playing, please come again soon! … another

day where the central bank blows the order book to Hell and back, and there ain’t

much left to fight over … which truth be told is exactly what they want; kill specs

of all stripes, and help Japanese companies, life insurers, and banks … first

there’s VIX off the charts, then in an instant there isn’t any VIX to do anything

… WTF is anybody supposed to do with this?

And what only feels like about 6 centuries later, mercifully the London Fix saves

us from having to watch this bundle of manipulative horse manure any longer

… talk about the proverbial “Loser Formation”, this is it! … 200 PIPS straight

down, then straight across for over 12+ hours, not being able to generate any

movement ± 20 PIPS from 121.75 … simply unreal … first they kill you with insane

VIX, then they kill you again by not allowing it to move, all within the same day!

… thanks BOJ … literally nothing I can do about this except leave it the Hell alone.

Meanwhile, BTC can’t move $500 over 10+ hours, and I have no idea what has

happened to cause VIX to literally die here … it can’t all be forced liquidations put

in at the start of the year by the big crypto houses … man-O-man this is pathetic!

… no trades today in anything … Wednesday became Monday.

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

… Onward & Upward!!

-vegas

IS THIS DAY'S ACTION UGLY ENOUGH?

“Traders everywhere can’t puke fast enough!”

Apparently, FUBAR 24/5 is now the norm … with U.S. & European crooked,

corrupt, & immoral POLS & Apparatchiks playing “war markets”, while at the

same time lining up for their juicy kickback schemes on weapons systems

supplied to Ukraine, it’s only natural they control the “horizontal & vertical” in

the financial MSM for their benefit and of course your loss … “hey, somebody's

got to supply the money!”

Peace hopes? … yup, nothing says “PANIC” better than being on the wrong side

of a headline, with company … 10 YR. rates doing a 180 today on the headline,

and USDJPY long liquidation got “very messy” in the early hours … and we still

got an entire New York day left! … rates inverting [e.g., 2 / 30] faster than a Biden

gaffe, signaling the markets view that the FED is committing a policy error of

humongous proportions, and a recession / depression is right around the corner,

just in time for the midterm elections in November … will “Taliban Joe” gaffe us

into WWIII by then or no? … meanwhile, Turnkey doing what they do best, which

is to blow spreads out so nothing but USDJPY is tradeable, and it’s why I’m in

USDJPY … cuz if not, you just sit and wait for these assholes to get their shit

together, which knowing them like I do, might be a while … a long while.

And like most all days where the range gets blown out before New York even

starts, there isn’t anything left to do but puke … just some serious bullshit

… quite frankly, the USDJPY trade isn’t structured for multiple hundred PIP

ranges and/or moves, especially on planted headlines … as I said before, 24/5

FUBAR, and good luck with your positioned trades.

Got 2 great buy signals today in USDJPY … one got blown through super quick

and wasn’t taken, but the other was spot on … TURNKEY PAMM UP SLIGHTLY

… volumes will pick up in the days ahead, so returns will be greater than now

… this VIX right now is a tad too high for USDJPY, so volumes go up when VIX

goes down slightly … meanwhile BTC is simply an enigma, with quick moves in

Asia, but then it dies on the vine … today no exception … since Europe opened

over 10+ hours ago, BTC with about a $700 range … that’s pathetic! 

And while I can’t trade crude oil at Turnkey cuz they’ve ruined it and it’s a

complete rip off, the Mrs. trades crude at SIMPLE FX, and I’m about ready to live

off of her earnings … well, it’s a nice thought! [“umm yea, hit the road Jack, you

ain’t gettin’ shit!”] … crude today with a $9+ range and is all over the place!

… onto tomorrow!

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

… Onward & Upward!!

-vegas

 

WHEN THE FREIGHT TRAIN IS BIGGER THAN THE CENTRAL BANK

 

“Drowning is a sea of debt and “funny money”, where there is no escape!”

What’s going on in USDJPY is concisely and brilliantly elucidated in a short article

posted today over on ZH … couldn’t have been better written if I had done it myself

… the link directly below.

https://www.zerohedge.com/markets/move-big-deal-yen-tumbles-after-boj-

intervenes-cap-jgb-yields-amid-global-selloff

Key resistance areas are 125 & 135 for USDJPY, and if 135 gives way, you have to

go back to the pre 2000 internet, electronic trading era, when “pits” ruled the

world … talk about a currency meltdown, this isn’t some third world shithole here

… no, this is the highly industrialized shithole of Japan, the home of QE, funny

money, and the insane MMT [Modern Monetary Theory] of “Peter Pan” Kuroda

… shit is getting very real here quickly!

We started the day off in the Asian session where yields on the 10 YR. Treasury

skyrocketed … Kuroda showed up and put a ceiling on 10 YR JGB’S AT 0.25%,

THUS CHOOSING YIELD CURVE CONTROL OVER THE YEN FX RATE … and all

Hell proceeded to break forth to the upside culminating in a 300+ PIP rally to over

125, in the last hour of the Asian session … more than a mini melt up, this was a

true blowout … and since then U.S. yields have fully backtracked back down to

where the day started … this should cause some heartburn for any newly

positioned longs above 124, but panic knows no common sense! … so much for

the “slow Monday theory”! … here at mid morning in New York, about an hour

into the criminal NYSE money laundering operation, commonly known as “daily

trading of Stonks”, yields are trying to get below Friday’s closing level … in

theory this should see YEN buying [USDJPY lower], but in this FOMO panic

atmosphere it’s not having much of an affect [for now] … yes, the overriding trend

for yields is higher, but today’s reversal kinda pulls the rug out from underneath

USDJPY longs to see more gains … I mean c’mon, we already got a massive blow

off 300+ PIP range today … who’s looking for an extension of the range on the

upside now? … add to this the ”classic” Asian session types [Chuckleheads &

Mrs. Watanabe & Gal Pals] who ALWAYS buy the high AND/OR sell the low

… “how ya feelin’ now?”

I’m not exactly thrilled with the technical picture of USDJPY either … up 14 of the

last 16 trading days, over 1,000 PIPS! … today’s blow off top at the end of the

Asian session, the cherry on top of the cupcake … more than likely we’re due for

some tests of the highs into the 124’s that fail, and more consolidation chop for a

very rough trade over the next few weeks into Easter Holiday [April 17 this year

… yes, very late!] … IMHO, we got more downside long liquidations to come

… nothing serious just some shakeouts … if we just go ramping back up through

125 with no problems, it’s gonna be an ugly end when we get there … very ugly.

“Asia flies, the rest of the world dies!” … none more so than today … oil, BTC, and

YEN going bat shit crazy [BSC], before dying into Europe and then the U.S.

session … what the Hell is left? … the day over before it began, but did get one

algo buy signal in USDJPY … TURNKEY PAMM UP SLIGHTLY … meanwhile, BTC

can’t do shit outside the Asian session … go figure … the world is full of surprises

ain’t it? … can we get a decent trading day, or does everything have to be FUBAR

24/5? … I’m beginning to wonder … onto tomorrow.

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

… Onward & Upward!!

-vegas

SUNDAY UPDATE: WHO’S UP FOR WWIII?

 

“STFU before you cause NUKES to fly!”

“Taliban Joe” in Poland … what an absolute embarrassment … would some

adult please put a muzzle over his mouth before he starts WWIII? … and in case

anybody is still wondering why crude oil & gas is so high, CRUDE OIL

PRODUCTION LOSSES IN THE U.S since “Taliban Joe” stole the election are

basically self explanatory … unless you’re a Libtard and live in a delusional

bubble of home made woke bullshit.

Directly below, the 20 Day Range MA’s of selected pairs.

click on table to enlarge

The MA’s for gold, WTI Crude Oil, and the “Stock Bellies” indices are calculated

from “SIMPLE FX” … their crude oil CFD’s [Brent & WTI] are calculated from front

month futures at NYMEX, and give better volatility, transparency, and pricing than

the bullshit “blend” of futures expirations, where nobody but nobody knows at

any given point in time whether or not you’re being ripped off on a quoted price

[trust me, you will be!] … Turnkey can no longer be trusted in “Stock Bellies”

indices [SP500, DOW30, NDX100, RUS2000 (which they don’t offer but SIMPLE FX

does), DAX40, & FTSE100], simply cuz their bid / offer spreads are erratic, and

from day to day nobody has any idea where they will be, and the slippage is

simply horrific … ditto for gold as well.

A quick glance at this week’s numbers, and across the board MA’s are dropping

from the initial war hysteria from a month ago … “Stock Bellies” are rallying cuz

traders are already anticipating the next recession / depression from the Lounge

Lizards at the FED from their hawkish rate hike guidance … and as a result VIX is

dropping … crude oil looks like a very safe bet for $4 - $7 daily ranges going

forward, as there is enough world wide uncertainty about supply with demand

growing … add to that not enough CAPEX [capital expenditures] by the industry

as a whole, and it adds up to a very dangerous supply / demand problem going

into and through summer … SIMPLE FX has a very consistent 3 cent spread,

which given the VIX and ranges, and the fact that most days m1’s AVERAGE

21 - 27 cents per barrel range throughout the day, there are no commissions, and

you have the world’s largest physical commodity market where inside a minute

price is moving 7X of the spread! … Yup, it moves fast! … snooze and you lose

… the other pertinent factors I listed on Friday.

FX will continue to be an interest rate differential story, highlighted by USDJPY

… unless U.S. rates come down, USDJPY has got no place to go but sideways

or up … keep your eyes on the 10 YR Treasury! … onto the week.

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

… Onward & Upward!!

-vegas