No gettin’ around it, I went full FUBAR with today’s European session trading action
in EURJPY … after yesterday’s complete “circus shitshow” of nothingness except
the London Fix, I watched the early Asian session and it was DEAD … “OK, if today
is like this, and so far the Asian session is a nothing burger, it’s gonna be a
“lullaby” right through to the U.S. session, where the action will pick up around
the London Fix and go through right to 2 PM EST for the FED’s decision on rates
… makes perfect sense … and it was totally off base, as EURJPY has had a very
nice European session I missed cuz I was playing “analyst” … what a frickin’ Dope,
shoulda known better … OK, I see how it is now” … and to rub salt into the wound,
some really fantastic algo signals earlier I missed playing “analyst” … there’s a
lesson here for everybody, see if you can find it.
So I hit the screens around 10 AM EST, and I haven’t even had my Wheaties yet,
and EURJPY blasts off on some Vlad comments … and we’re some 4 hours away
from the “magic moment” of FED stupidity! … but that isn’t stopping the bullshit
planted headlines that hit the wires at just the right time … EURJPY acting like a
gigantic yo-yo off “peace”, err wait not so fast … same old bullshit different day
as positions get squared, liquidated, or hedged up with options before the FED.
Well, that escalated quickly didn’t it? … well not exactly, as the Lounge Lizards do
as expected and raise rates 25 bps, the first hike since 2018 … right as the
economy tanks I might add, so natch they’re behind the curve … what else is new?
… a blown out EURJPY spread, not that it matters much since it’s simply hopping
around the 130.25 - 130.50 level … Yen weakens to new 6 year lows, and the EUR
goes dumpster diving below 1.10 … the FED clearly disappoints with no bold
action, and kicks the can down the road once again … 0.25% funds rate fighting
10%+ INFLATION! … Bwahahahaha!
Before the FED, one algorithm buy signal in EURJPY … TURNKEY PAMM UP
SLIGHTLY … volumes lower today, as I scope out this market for our first trade
… fills were excellent and latency acceptable … so, things looking up and volumes
will increase going forward … a little disappointed the cross blew off a lot of
buy/sell fuel pre FED, cuz that leaves less for after the announcement from the
FED … but whatever, it is what it is … half an hour later in mid afternoon, about 90
minutes to the NYSE close, and EURJPY spread is still elevated, about DOUBLE
it’s normal spread … scumbag LP thieves is all I can say, cuz this is not about
market conditions, this is about you picking them off for scalps which pisses
them off to no end … you have no idea how much it pisses them off, but I do, and
they get fired up about it … therefore, raise the spread and GFY! … that’s their
attitude … onto tomorrow.
BTC more active today, finally breaking from tiny ranges and moving some
… still, not like before though, and trade setups are suffering … with this kind of
action, I’ll be trading it tomorrow.
… outta here … “The future’s so bright I need sunglasses”!! 😎😎
… Onward & Upward!!
-vegas
No comments:
Post a Comment