SCUMBAG LP’S TURN MACHINES OFF AFTER NFP

 

“Know your enemy before you jump into the pool!”

Like any trader today needs another “headwind” making money from 

trading; today’s NFP report provides ample evidence, as if we need more,  

of why it’s “plain damn stupid” to go into an important report “assuming” 

your MT4 trading platform will be “just fine” … well guess what? … what 

if the scumbag LP’s turn the machines off for a few minutes so you can’t do 

 anything? … Long or short whaddaya do then, cuz you know it won’t turn 

out pretty? So, what happened?

I don’t know about anybody else, but my MT4 wasn’t functioning properly, 

from the second the NFP report came out, to 12 minutes later @ 9:42 A.M. 

EST, when “magically”, the “technical data glitch” was “solved”; please  find 

me just a tad suspicious. “Nothing to see here Sheeple, move along”. All I can 

do is shake my head at shit like this … and if you think this was just a 

coincidence, instead of what I know to be true, then I got some really good 

swamp land in Haiti to sell you cheap! These scumbag LP banks are shameless, 

but all you can do is prepare yourself for their nefarious shenanigans cuz we 

have to use ‘em … we don’t have a choice.

Another NFP Friday, and another large reversal in EURUSD after Europe 

closes … to say people got “hurt” today is an understatement, and is one of 

the reasons I hate with a passion NFP Fridays … they’re almost impossible 

to trade effectively, and the gaps in pricing is hard to figure out and trade. 

Over the course of the multiple hundreds of NFP Fridays I’ve lived through 

in my career, add it all up and I doubt I’m up $100 cumulatively over that 

time. I literally hate this day cuz it skews totally, the entire FX trading day 

going into a weekend, where normally it’s a clusterfark cuz of position 

squaring anyway … “Hey, I got an idea; let’s make it worse”!

Turning to today’s actual trading … made two long trades today, and while 

the liquidations were right on the money on the “bid”, my entry fills for 

EURUSD weren’t very good … in fact, they stunk. Not only did the scumbag 

LP’s turn the machines off today at “crunch time”, even a good time after the 

report, the EURUSD spread was widened to as far as 0.8 PIPS, when normally 

it’s 0.1 - 0.2 PIPS. Why? Cuz they can, that’s why, and is one more thing you 

got to be aware off when you trade. Point is, I probably got taken for about

 ½ PIP on each entry. Not enough to really complain about, but enough to piss 

me off and make my positions more expensive relative to risk.

Both trades I scalped, cuz I didn’t see any reason to hang on as it plunged ….

at the time, both made me look like a genius … once Europe closes, I look like 

a dope on the 80 PIP rip higher on vapors. And once they rip the living guts 

out of long positions, now come the shorts turn, where a move back almost to 

1.25000 sees people tripping all over themselves covering short positions with 

losses before the weekend. 

So, it shouldn’t come as any kind of surprise, that I’m not exactly “enthusiastic” 

about getting involved in the up move in the New York afternoon on a Friday, 

cuz it ain’t gonna happen. The two trades were profitable, but only minimally 

… truth be revealed, being up a nickel today is a total victory. So, we’ll see how 

this animal shakes out this afternoon, and attack it again on Monday … if it 

doesn’t back off in Asia, I think Europe will try and take out the previous high 

around 1.25380 … we’ll see what happens.

The important thing to take away from today’s NFP clusterfark, is that “risk” 

guides you. Why didn’t I get long near the low? Cuz within a couple PIPS, the 

market stayed down there for 11 minutes, not exactly giving any kind of hint of 

what was to come after Europe closed. My second trade was down in that area, 

but once long, and I’m looking at a market where the bid/offer is jumping 2 - 3 

PIPS between quotes and trades, and I’m not happy being down 5 PIPS one 

second and UP anything a millisecond later … when I saw it was profitable, all I 

wanted was out. So, being up only a few bucks on any other day is not what I’m 

looking for, on any NFP Friday, I feel like I won the lottery. On to Monday 

… I’m outta here … until then mi amigos! Onward & Upward!!

PAMM spreadsheet directly below.

 

Have a great day everybody!

-vegas

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