GREAT MOMENTS IN STUPIDITY [AGAIN]

“Nowhere will you find levels of stupidity greater than in trading!!”

I dare say, even government isn’t this stupid … and that’s saying a lot … it never

ceases to amaze me how people place stops at places where everybody and their

pet rabbit can see them … once again today, with PPI numbers, that weren’t

wholly unexpected given the CPI earlier, markets go berserk and stops get

buried … see my shocked face.

Take away the criminal trading at the PPI number, and what have you got?

… nothing, but small yo-yo ranges … the Asian session once again had all the

action in both USDJPY & GBPJPY, then we had the clusterfark surrounding the

PPI release, and since then dreadful trading action … to say I’m getting sick of

this shit is an understatement … energy at ‘SLIPPAGE FX” [Coinexx + Turnkey]

again a total joke, with spreads and slippage that would choke a horse … ditto the

DOW30 … I came into today looking at Cable/Yen, where we’ve had two inside

days in a row on the daily chart with smallish ranges … a slight breakout to the

upside before the PPI release, and then it got monkey hammered lower within

3 minutes … now back higher, but the range for the day is well below the 20 Day

Range MA this pair currently enjoys … “do I have to move to frickin’ Thailand?”

Again, like so many days this year, when there’s data to be released in the U.S.

on either 1) FED meeting, 2) CPI and PPI, 3) NFP idiocy day, and sometimes

4) retail sales, there’s action in Asia cuz of the ChiComs, but Europe dies and up

and until data is released it’s “Deadsville” … then it’s bat shit crazy [BSC], blown

out spreads and MAX slippage all around until the Loser Formation shows up

… and I’m sitting here wondering, as I look at very smallish ranges, how and

what is gonna shake things up today … what’s it gonna be? … FED PIE HOLES?

… more crypto fallout from FTX? … or more FOMO and fighting the FED Lounge

Lizards and their rate hike “blah blah, yada yada”, and off we go to the upside

… and then comes the news of 2 Ruskie missles hitting Poland … well, that

escalated quickly didn’t it?

Multiple ALGORITHM signal trades today in GBPJPY … TURNKEY PAMM UP

SLIGHTLY … spread in Cable/Yen today acceptable, and for most of the day we

saw very limited action, which probably would have held if not for the Ruskies

throwing missiles at Poland … onto tomorrow!  

… OUTTA HERE … “The future’s so bright I need 2 pairs of sunglasses 😎😎,

and my own Brinks armored truck” 💓!! … Onward & Upward!! 

-vegas