Is he really this stupid? … or is this a ‘false flag” plant by somebody else looking
to shove Biden out the door? … where’s Kammy, the “Manchurian
Candidate” word salad VP and any of her staff of Dimwits? … who had access
to the area where it was found, and who was in the WH via logs? … no worries,
though, the crack Gestapo agents who harass parents at school board meetings
will surely get to the bottom of it! … sometime in 2026 … just another “nail in the
coffin” for Biden, who’s gonna have a tough time convincing anybody he’s in
control of anything … cocaine in the White House … see my not so shocked face!
The casino comes out of a 4 day weekend, and at least through the Asian session,
not anything to show for it … Europe opens and Cable / Yen gets monkey
hammered right out of the gate for about 30 minutes, and then it’s the usual
“we ran out of gas” selling we’ve seen lately … and that means it’s time for the
sloooooow crawl up into the U.S. session … this is the 4th trading in a row where
trading action in GBPJPY is psychotic inside a very tight range … and this
highlights a problem with crosses sometimes, to a much more prevalent extent
than dollar pairs, of when does the wind shift? … in other words, it’s always best
to trade from the “easy side” of the equation of long / short cuz it’s the side
where money is made the easiest and fastest … OK you say, and how do I
determine that exactly? … well as Bill S. so aptly put it, “there’s the rub” … and
what you realize very quickly, or should, is that you’re not walking on flat
ground, but on curved space in a probability distribution curve of Gaussian
parameters [ohhh shit!, math!!] … and no matter how hard you try,
it’s inescapable.
And when things tighten up, meaning ranges shrink and the chop sets in,
separating random bank bullshit [meaning rip off mystery tick order fills] from
the start of a move can be very tricky … like I said, it’s a distributive curve
whether you like it or not … sure, if Cable / Yen had Bitcoins range every day
[and believe me it used to!] it would be a slam dunk … but central banks won’t
let that happen anymore … from the start of GBPJPY trading in electronic
format to the ‘08 financial crisis it did trade like Bitcoin … post January 2015
EURCHF debacle, and it’s a completely different story.
STIRS no help today, as the 2 YR T-Note firmly stuck right around 4.91% … and
while BOJ Apparatchiks give verbal warnings about intervention, it’s a hollow
threat unless USDJPY rallies while the other major dollar pairs rally as well, and
specs pile in for some of that “easy money” … and central bankers hate this with
a burning passion … “how dare you make money off our policy stupidity!” … on
the other hand, who really knows with a group of insane central bankers? … as
long as U.S. yields stay “sticky high” and/or go higher, USDJPY going lower looks
& feels like a very big losing proposition.
Over the Holiday weekend, I worked on a problem specific to Miss Gimpy … she
needed help on putting a face to Bitcoin FOMO panic on the upside, and sheer
panic fear on the downside … specifically, does the market give us any hints as
to support / resistance numbers on moves so she doesn’t get out too soon?
… [“well, if that’s all you want, why didn’t you say so earlier!?”] … and the answer
is “YES”, and while in a free market like BTC I can see it in my head unfolding
before my eyes, I fully recognize many would find a “visual aid” more than helpful
… in fact, it becomes easier to visualize and remember when you see it unfold
… and if you think of GBPJPY as a quasi crypto pair, there’s usually enough VIX
to make it function well there as well … only thing it needs is some slight
modification of the parameters cuz of the large price differential … and so, I did
that as well … the Bitcoin [BTCUSDT] aid for anybody trading Bitcoin [I’ll do
Ethereum this weekend cuz I know some like that pair as well], e.g., “The Mrs.”,
& Miss Gimpy, as well as for “The Syndicate”, and the GBPJPY aid for the
PAMM … I should have it all wrapped up for publication & release come
Sunday’s blog update.
It was a slow return to trading day for the world … Cable a pathetic range, and
not much better in YEN … 4th trading day in a row of very sick trading action,
where just when you think something in terms of price can make a move, BOOM!,
it changes direction faster than Biden falling down stairs … only 1 algorithm buy
signal trade for the PAMM today … UP SLIGHTLY … OVER IN BTC,
“The Syndicate” UP SLIGHTLY AS WELL … a very tough day in both spaces
… onto tomorrow.
… 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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