And yes, thanks for asking, I’m feeling fine … will they or won’t they, and by
how much? … whatever it is, I’m sure they’ll twist themselves into pretzels for a
FUBAR explanation … Oh, and don’t forget, they gotta plan for the next
government mandated “crisis” or “pandemic hoax”, so there’s that to consider.
But for right now, all POL eyes are on Ukraine … not for the pain, suffering, &
dying … that’s for the TV cameras … nope, gotta send more “AID”, specifically
weapons, cuz that’s where the POLS, their fam members, and their biz cronies all
get filthy rich off of kickbacks, crooked “no bid” government defense contracts,
and commissions … both parties, not just the Libtards … got to keep the war
going to keep the weapons shipments moving, cuz that means MONEY! … SORRY
if I’m the one that had to break it to you if you didn’t know, it’s the way of
“The Swamp”.
Turning to markets today … gold at Turnkey a major disappointment, as the
scumbag HFT LP’s can’t seem to make a legit & honest market, expecting us to
pay upwards of almost a dollar for a bid / offer spread … what bullshit … they’ve
completely ruined oil CFD’s for a generation, I guess gold is next on their greed
agenda … makes no senses but they do it anyway, simply cuz they don’t want
anybody to scalp the market on their watch, cuz quite frankly they aren’t liquidity
providers, they’re “market makers”.
EURUSD with a decent range today, but as so often is happening in dollar pairs
these days, it’s straight up and/or down for hours on end, and we end up getting
shafted on signals … today sees that in EURUSD first on the upside coming out
of the European open, then on the downside … not until you start to approach
the “London Fix” is there any real trading … I spent a lot of the weekend taking
another look at EURJPY, which lately [last few years] has lost steam it enjoyed
earlier in the 2000’s … although it lacks the ranges of GBPJPY, it makes up for that
with the lowest consistent bid/offer spread of a non dollar cross, coming in around
half a PIP, and if the Yen can just not DIE [I know, a big “IF”], and keep ranges
above the 55 - 60 PIP range area for a 20 Day Range MA OR HIGHER, then EURJPY
can give us something that right now is lacking in the dollar pairs … and that’s
“trading” … as long as the Yen just moves a “little bit”, the ranges + signals from
EURJPY come more often and we see more of them … quite frankly, I don’t see a
downside to trading EURJPY versus EURUSD … 3 out of the 4 scenarios favor the
cross, while only YEN going Up / EUR going down is the least likely scenario right
now unless the war footing with Russia / Ukraine takes a turn for the worse and
things escalate … oil and gold, at least right now, are saying that isn’t likely and
there’s been very heavy liquidation in commodities … and while I’m quick to
defend either trading dollar pairs long or short and staying there, it’s more
complicated in the non dollar crosses cuz there’s obviously no dollar component
… either EUR is rising against the YEN, or the YEN is rising against the EUR
… it’s a “risk on / risk off” equation where EUR goes higher with “risk off” and
YEN goes higher pretty much solo via “risk on” … granted, there are days they
move together, when there’s broad dollar strength or weakness, but that’s
something that has to be endured to get more signals more consistently
… tonight sees me in EURJPY, where we’re likely to stay … I just don’t see the
disadvantages consistently outweighing the advantages for us, and it can be
traded both long & short.
Only one algorithm buy signal today in EURUSD for the TURNKEY PAMM
… UP SLIGHTLY … given the range & better VIX of late, we should have had more.
Over in crypto, BTC still a trading disaster … for over 2 weeks now, outside of
one day, it’s been toiny ranges and bullshit action … all I can do is wait for better
trading conditions.
… outta here … “The future’s so bright I need sunglasses”!! 😎😎
… Onward & Upward!!
-vegas
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