“Coming home after a day of FX trading! … you can just feel the love!”
Inside the circus tent, who knew there was an ECB Plunge Protection Team
[ECBPPT] for EURUSD? … and while everybody in the world says they should be
short EURUSD, from where I sit only bad shit has happened, usually “el quicko
rapido”, from those on the short side of things … and those price gamma ray
bursts higher leave burn marks not soon forgotten, and quite frankly that’s the
point of the PPT doing there thing … it’s simply to punish!
I’ve been writing about this forever … “speed of light … crickets” … WTF do you
do with this, cuz again today the entire day’s range in EURUSD [so far] put in, not
in minutes, but seconds … and then nothing but bank “chop city” bullshit as
pretty much everything goes into the “loser formation” … order books shredded
to pieces on both sides … this isn’t trading, this is a “war zone” … you get a
slingshot, the scumbag banks get nuclear weapons.
And speaking of nuclear weapons, who’s up for a DOUBLE REVERSAL slingshot
right into the London Fix? … gosh, nothing suspicious here, amirite or amirite?
… more bullshit than stockyards can hold in Kansas, on display every day in FX
majors … first the CPI blows up the longs in microseconds, then later after hours
of NADA going sideways, here comes FOMO panic to the upside, just in time for
the scumbag banks to “fix” corporate & institutional orders at the high of the day
… and from which it’s straight down from there … even Vito Corleone would blush
at this “scumbaggery & fuckery” … what can I say? … simply more “speed of
light … crickets”, where banks are the only winners … markets moving so fast,
your only choice is to buy the rally [sell the break] if you want to participate, and
then pray there’s a bigger Dope than you for buying a rally [selling a break] who
you can sell to [buy from], so that you can bank some coin … and when you buy
the top [sell the bottom], and you were the last Dope, what then? … sure, find
that comfortable average that will make it really painful … you’d be surprised at
how many actually do this.
All week long I’ve also been watching Cable [GBPUSD] … trades better cuz it
doesn’t have 1) nearly as big of energy problems as Europe, and 2) it isn’t near a
huge psychological parity level like EURUSD … spread is slightly higher, but
given the way it moves that’s not the impediment it could be … USDJPY spread is
now bigger than both EURUSD & Cable at Turnkey, and is pricing itself into
obscurity … quite frankly, EURUSD is pissing me off greatly with its price action
… basket of retarded kittens on meth describes EURUSD rather perfectly
… everything is either exploding or sleeping … 1) either can’t get in … 2) it’s
sleeping and won’t wake up … or 3) directional parameters for trade signals can’t
move with the speed of the market when it’s moving, so both parameters are
“pink” for the rallies and sky blue for the breaks, AND IT’S SUPPOSED TO BE
THE OTHER WAY AROUND … and this phenomena highlights the vicious and
abrupt change of trend, followed by panic, followed by bouts of EURUSD drifting
like a raft in the ocean going nowhere … and if you happen to get caught in one
of these blitzkriegs the wrong way, well good luck making it back anytime soon,
cuz that’s why VIX gets crushed like a bug on a windshield going 90 mph, as the
manipulators WON’T ALLOW IT TO MOVE UNTIL THE BANKS ARE POSITIONED
“CORRECTLY” FOR THE NEXT “SCUMBAGGERY & FUCKERY” EPISODE
COMING NEXT … the circus was always fun when I was a kid and got to go
… this is financial evil on a scale the world has never seen before.
I’m gonna switch over to Cable trading for the PAMM starting tonight, for the very
simple reason that it’s easier for that pair to exhibit the necessary VIX for signal
generation, versus what I’m seeing in EURUSD … Cable just has more signals cuz
it moves somewhat better … with BoJo gone [thankfully, what a tube steak that
guy was], the Tories have a chance to kickstart the economy and get things going
again … the same can’t be said for the hapless EURUSD … I sat here all day
watching my blood pressure grow, hoping beyond hope that EURUSD could
move AFTER THE LIGHTNING STRIKES … what a joke … it can’t cuz it doesn’t
have the dynamic either YEN or Cable have … quite frankly, every time I step into
EURUSD, it disappoints me greatly with its action … and from what I’ve seen lately
over the last weeks as it’s been ground down from 1.10 to 1.05, then to 1.03, then
the break to 1.00, is that no other pair has VIX INCONSISTENCY WORSE THAN
EURUSD … meaning, it’s great when it moves and lets you in, but that happens
far fewer times than in Cable or YEN, and spends an inordinate amount of time
DYING, where VIX collapses and you can’t even get out of a trade past the
bid/offer when it’s a paltry 0.3 PIPS … talk about frustrating, I’ve had some of
those trades and it burns me to a crisp, it pisses me off so much! … YEN has
been great, but it’s becoming a “one trick pony” of interest rate differentials, and
we’re already seeing Q1 futures for RATE CUTS take off … and it’s why for the
foreseeable future, I think USDJPY is somewhat “dead money”, while at the same
time its 20 Day Range MA starts to go lower … and finally, add in the fact that the
bid/offer spread in USDJPY is now higher than Cable at Turnkey, and it makes me
want to be trading Cable rather than USDJPY.
No trades today, cuz gee can you figure out why? … post CPI numbers, it’s
straight down … then sideways … then straight up for the DOUBLE REVERSAL
that went nowhere [which is the M.O. for double reversals and why you should
never chase them] into and after the London Fix … before that a somewhat dead
market awaiting CPI figures … I thought coming into today, that it would be a very
good trading action day … little did I or anybody know the entire day
encapsulated into a double group of C4 explosions, that resulted in a panic low,
followed by a panic FOMO high, followed by NADA … and for most of the day,
the trading algorithm was the dog chasing the car down the street, and it just
couldn’t catch up.
Now into the New York afternoon, where markets go to get shot in the head from
scumbag Wall Street banks [JPM, Squid, Citi, etc.] … almost never a good idea
to venture into this part of the day … so, onto tomorrow.
… outta here … “The future’s so bright I need 2 pairs of sunglasses 😎😎, and
my own Brinks armored truck” 💓!! … Onward & Upward!!
-vegas
No comments:
Post a Comment