In so many ways, the life you know is disappearing … the U.S. is at the edge of the
abyss, and from where I sit, it’s already too late for the country … led by the most
inept, corrupt, pathological liars ever seen in any political class, combined with
social decay that is gaining speed down the rabbit hole, it’s about to get worse more
than you can ever imagine … hope I’m wrong, but I don’t think I am.
We’ve officially hit the “stupid panic stage” in YEN and the Yen crosses … since
New York came in, yields on the 10 YR have been going lower … that should
produce some kind of corrective action, but nobody cares … “Buy Mortimer, BUY!”
… this isn’t gonna end well, and today’s m1 at 14:40 server time in EURJPY at
Turnkey, where about 30%+ of the day’s range gets put in on some panic sell stop
robbery … doesn’t matter where your sell stop was, you got filled at the bottom
… and the panic buying continues for the 13th out of 14 trading days to the upside
… UP 700+ PIPS in 14 days … simply will not correct even a tiny bit … until
everybody gets slaughtered in minutes when the banks and the BOJ lower the
hammer … and quite frankly, both Yen and EURJPY can’t be traded until there’s
some kind of washout of longs … what a “circus shitshow”.
Fortunately, EURUSD can be traded, although today sees a pathetic 47 PIP range
for the day, with a range of approximately 30 something PIPS for the European
and shared U.S. session to the London Fix … and inside day of an inside day
from Tuesday … wonderful … yet, it STILL CAN BE TRAADED and isn’t the fucking
one-way street of USDJPY & the Yen crosses, which see people piling in with
abandon … and soon enough, they’ll be piling out with abandon, and wait ‘til you
see how the sell stops get filled in that exercise in market mayhem … “WTF, I got
filled where on my sell stop”!? … my point, though, is that both USDJPY & YEN
crosses need to be avoided until some kind of reckoning lower … it doesn’t have
to be huge, it just has to happen … and if this shit continues on its merry way
higher without interruption, the uglier the end is gonna be … and it will be quick,
vicious, and without mercy.
In addition, over the last few days, the spread in gold at Turnkey is trying to get
back to normal [in the 20’s] … it ain’t quite there yet, as the fucking thieves who
are LP’s are still about 20 cents to high given the ranges, AND OTHER HOUSES
LIKE “SIMPLE FX” … if it gets back to normal, I’ll consider trading it again, but
until then, tomorrow sees some EURUSD trading, up and until USDJPY & the Yen
crosses get their shit together and end the panic buying … I most definitely do
not want to get caught in a horrific “Thelma & Louise” 3 minute meltdown that
sees some devastating down moves on sell stops from all the position players
who are long … after that, it can be traded again, but until then most definitely
not … onto EURUSD tomorrow … no trades today in the Turnkey PAMM for
obvious reasons.
Meanwhile over in crypto land, BTC is still lagging badly in terms of trading action
from prior weeks / months, and overall history of the pair … it’s climbing slowly,
but the hectic up/down trading action is almost completely gone from the mix … it
still needs better action … I don’t trade BTC to be in it for 50 minutes to make $50
… I trade it to buy panic lows and then 2 minutes later sell it $200+ higher on short
covering buy fuel … that kind of action is sadly missing here recently … meanwhile,
the alt-coins suck even worse … not a lot of good options in the crypto space at
the moment, and we simply have to sit and be patient.
TOMORROW’S BLOG POST WILL DEAL WITH CRUDE OIL … where to go to trade
it … how to trade it, and why it isn’t gonna slow down anytime soon … quite
frankly, crude has become “the new Bitcoin” for volatility, and the profit
opportunities are off the charts … I’m gonna show you how to do it, no matter
the size of your account! … outta here … “The future’s so bright I need
sunglasses”!!😎😎 … Onward & Upward!!
-vegas
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