PPI data early saw a slight moderation in producer inflation, if you choose to
believe the math whiz kids … USDJPY tipped lower, but no “arb scalps” … in
fact, on the way to the low it was nearly all ”Basis discounts” … why? … market
too short and oversold at the scumbag LP at IQCENT, and with their computers
telling them that, they’re not gonna let you get out without paying up a few PIPS
on the offer side … and when you eventually pay up, cuz you will, they turn
around and buy the offer from a top tier LP somewhere else and make off with
1 - 3 PIPS of pure gravy they split with IQCENT … it’s how they make their
money … and it’s just the reverse of that on the downside … unfortunately, no
“arb scalps” in USDJPY off the PPI … just not enough when it did go premium
to justify the trade without taking on too much risk.
Over in EURUSD, it’s the same scenario, but it has relatively less risk than
USDJPY … THE ALGORITHM AS STANDALONE, IMHO is better for trading than
USDJPY … more pure moves, less spikes, so there is something to be said for
that … onto the lying Lounge Lizards at 2 PM EST.
Well, that escalated quickly didn’t it? … “crickets to a nuclear explosion” … of
course, what else is there anymore in these rigged markets … and through it all,
nothing “bigly & yuge” DISCOUNTS for the “arb scalps” … what a fucking joke
… the only place you could find decent “arb scalp” trades from the LONG side is
in crypto, where they’re all over the place … no trades for the PAMM today, and
with this EPIC “FLIP FLOP” FROM THE LOUNGE LiZARDS, [remember,
“higher for longer we were fed for like fucking forever? … yea, that’s out the
window!], we’re gonna leave USDJPY for the PAMM and move to EURUSD
… USDJPY is headed lower, and being on the long side there is not wise IMHO
… too many things can go wrong … so, EURUSD it is … more on this tomorrow.
Crypto acting well after the explosion AND BETRAYAL TO TRADERS
EVERYWHERE, simply cuz it’s a free market environment … A few post Spicoli
trades with DISCOUNTS, AND “The Syndicate” UP APROXIMATLEY 0.3% ON
LIGHT VOLUMES … more on crypto tomorrow as well.
… 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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