Here’s a quiz … which lies are bigger? … government inflation figures, OR fighter
jets shooting down balloons? … now we learn that a fourth balloon has been
heroically shot down over Lake Huron, but here’s the kicker … the first missile
fired MISSED THE BALLOON AND THE AIR FORCE HAS NO IDEA WHERE IT
WENT! … the link directly below.
https://www.thegatewaypundit.com/2023/02/report-air-force-f-16-shot-object-lake-
huron-missed-first-attempt-first-missile-still-hasnt-located/
We can’t even shoot down a fucking balloon!? … we need a mulligan, at $800K per
missile?… showing the world just how incompetent and worthless U.S. defense
forces really are, is not something to brag about on cable news … well, according
to Biden’s moronic press sec, at least we can be assured it wasn’t aliens … Gee,
that’s a relief … top to bottom, what a bunch of sad sack Dopes … what must
America’s enemies be thinking when they see this “Keystone Cops” clusterfark,
while trying to pick themselves up off the floor from laughing so hard their
sides hurt.
And if that wasn’t enough to get you to start drinking, listening to government
Apparatchiks telling you inflation is “solved”, just might get you to go grab some
beer … the entire universe is one gigantic “Twilight Zone” mess, and it’s about to
get real come 8:30 AM EST this morning … the mushroom clouds are already
forming.
Well, that escalated quickly didn’t it? … “who’s up for some idiotic round tripper,
400 index point madness, on a report that came in just as expected? … my my,
how disappointing it wasn’t an 85 sigma miss to somewhere!” … spreads blown
to shit, natch … I mean, if you can’t steal money here, then you don’t deserve to
be called a “liquidity provider” … welp!, onto the next most important economic
release evahhhhhhhhh coming real soon! … as we limp to the open of the
criminal NYSE, now what? … spec order books destroyed once again on both
sides.
No Chipmunk feeding at the open, instead we got some liquidations from the
folks who’ve had enough of this bullshit and pretty much quit … who can blame
‘em? … now climbing the wall once again, you just can’t keep the spec public
from buying rallies and looking for more, no matter how stupid that trading
philosophy is … again, first half hour there isn’t what you’d call trading, only
lurching to the next puke point highlighted by 0DTE credit spread sellers getting
cashews squeezed … quite frankly, it’s all that’s left of what used to be called
“markets”, and which have descended into roulette … looks like another double
reversal for today, and who knows, can the triple reversal be far behind?
And why not, when whatever it is you call this shit, acts like penny stocks trading
in Vancouver, or from the “pink sheets” … the “Wolf of Wall Street” ain’t got
nothin’ on these “Stock Bellies”! … well now, it only takes one FED PIE HOLE to
sink a “Stock Bellies” ship, and here we go! … DOW30 now hitting a new low for
the day, whereas only minutes ago it was threatening a new high … the Lounge
Lizards once again put the brakes on price going higher … catch ‘em short, catch
‘em long, kill both sides … what a shitshow circus.
Pricing today since the CPI release has been simply horrific … bid/offer quotes at
times going up/down 15 - 20+ index points a millisecond and that’s not even
including slippage … worse on a relative basis in the “Spoos”, where the spread
is blown out, slippage is a joke, and if you trade it you can expect a 1 index point
total cost to trade if you’re “lucky”… and that’s simply ridiculous … you simply
cannot expect places like Coinexx to provide fair & honest markets with
conditions like this, cuz when they screw you [and they will, I assure you] the
plausible deniability of “DUH!, market conditions, DUH!” comes into play and the
LP’s have free license to steal at their pleasure and whimsy … give them any
reason at all, and they will mug, rob, and then rape you before putting a bullet in
the back of your head with some shit fill … and when you sit back and analyze
the trading action, it isn’t like the end of the world with price rips & dips, it’s
simply the conditions present when SHTF and the apple cart gets tipped over by
some FED PIE HOLE, or an economic report misses by sigma amounts not
expected … and with people trapped, it’s panic up, panic down, rinse & repeat
… throw into the mix the 0DTE crowd, and you got a real clusterfark on your
hands daily.
After watching various markets over the last few weeks, it’s quite obvious to me,
that when it comes to algorithm performance + risk / reward + “Trading Ratios”
[TR] + ease of entry / exit WITHOUT RAPING ORDERS, the major FX dollar pairs
perform the best … not always the clear P/L winner over and above “Stock
Bellies”, but easier on the nerves, and relatively speaking an easier trade to make
… what makes “Stock Bellies” a nightmare are days like today, and the price
moves simply horrific in scope, and if you happen to get caught in one, it can put
a real dent in your account … now try and make that back!
Just since the CPI print, EURUSD had 13 algorithm buy signals [about 5 hours], all
for profit … risk / reward very well defined … contrast that with any of the “Stock
Bellies” indices, and while profits may or may not have been greater, the ease of
the trades were sure as Hell a lot easier … Miss Gimpy trading EURUSD today,
while I sat here and scratched my head wondering what the Hell was going on in
DOW30, and if I traded it, how do I not get my ass handed to me … shit moving so
fast, a good deal of the day my m1 chart in DOW30 with a 60 index point grid
… WTF? … what the Hell sense does that make? … and as I write, in 2 minutes
the DOW30 blasts higher by over 100 index points … what now, new highs for the
day still to come? … no rules in this shit, as it could go up/down 500+ index points
before the close.
I’ll be up tonight for the European open and trade EURUSD … why not, it’s been
acting well and the algorithm trades are there … “Stock Bellies” are just a
nightmare of risk, and with no rules, if you let positions go into the red and then
do “stupid shit”, the losses can and will mount quickly … again, what’s the plan
and how do you make that back? … a “trader” needs trades, and some decent
up/down action … straight shots up or down along with huge VIX, is NOT the
prescription for trading wealth … and at least for the last few weeks, the FX major
dollar pairs have been acting much better than anything else, in terms of “trading
action” a “trader” wants and desires to see … I think EURUSD is a better trade
than Cable, and YEN is still highly a “basket of retarded kittens on meth” … I
think we’ll do OK … can’t be any worse than watching shit go straight up, then
straight down, rinse & repeat turn on a dime … and with pricing as horrific as it’s
been, why not give EURUSD a shot?
Tomorrow sees retail sales at 8:30 AM EST, another bogeyman for markets to play
with … look for another extremely volatile day inside the casino, and once the
U.S. takes over, FX will more than likely follow the “Spoos” after the report … No
trades today in the PAMM, as pretty much ALL of our buy signals got blown
through faster than a chainsaw goes through a soft butter stick … like I said,
horrific pricing in the extreme … and even if I had gotten in at prices that wouldn’t
see me pass out with rage, that’s only half the solution, cuz I got liquidation to
worry about as well … and when the DOW30 turns and the red spikes show up,
there is no mercy from the LP, and I CAN GUARANTEE A SHIT FILL that’s gonna
make the veins in your neck pop … and I’m under strict orders from the MRS., no
making a mess with an exploding neck or head … so, I join Miss Gimpy tomorrow
and we’ll see how it goes … should be good!
… OUTTA HERE … “The future’s so bright I need 2 pairs of sunglasses 😎😎,
and my own Brinks armored truck” 💓!! … Onward & Upward!!
-vegas
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