Imagine if you will, markets so screwed up, they act like slot machines 24/5
… would who participate? … well, that’s easy! … EVERYBODY! … and here we
are, the 10th day in a row USDJPY is higher on the day on a closing basis, and
people still can’t get enough … nothing matters except the FOMO, and try as
they might, nobody is listening to the discredited BOJ Apparatchiks attempting
“verbal jawboning” … yea, that playbook is a little old fellas, you’re only about
40 years behind the curve!
Nothing like a good & hard “Flying Wedge of Death” [FWD] to get the YEN juices
flowing today, which given the dynamics of just how bad it is in Japan, doesn’t
take much … meanwhile, the POLS & Apparatchiks over in the E.U. & Britain, try
the “same old, same old” terrible, rotten ideas that have never worked in the past
ANYWHERE, but somehow this time around, the same old pigs got new lipstick &
pearls and look heavenly! … and natch, markets are not impressed!
An approximate 123 PIP range in USDJPY for the day, now at NOON in New York,
and it feels like “death warmed over” cuz nothing can be sustained up or down
and neither the high or the low can be extended, in the post ECB interest rate
decision … and so, the wicked FWD yo-yo takes over, insuring slippage death to
all … how many more days of this FOMO stupidity can be maintained, before the
manipulators step in and USDJPY goes lower faster than “Thelma & Louise”
looking for a quarry bottom? … my guess is, not too many that’s for sure!, and
we go from FOMO to panic selling faster than a Biden flip flop! … and if the
manipulative Dopes running this circus shitshow don’t take their gas off the
pedal, Hellfire & brimstone to the downside is gonna be what comes next to
anybody with a sell stop … ugly & vicious, thy name is USDJPY!
A shipload of buy signals today, all pretty much scalps in orientation & design
… but, quite frankly I don’t wanna scalp USDJPY … mainly cuz you can’t, if that’s
your primary goal, cuz of 1) quickly shifting bid/offer quotes which are bullshit,
and 2) slippage cuz they can … and inside this horseshit of a small FWD, we got
no advantage whatsoever … stupid shit has been redefined!
No trades today for the PAMM … disappointing in the fact the horns got pulled in
as we waited for the idiotic ECB to hike rates, and afterward it’s a “one & done”
mini rally followed by “NADA & chop” [sounds like a trading law firm, doesn’t it?]
… 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