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Monday, February 12, 2018

THE TRADING WORLD ASKS: “WTF HAPPENS NEXT?”

“Hey, we need some trading help here … where’s it going?”

Everything you wanted to know about today, can be summed up with one 
comment; “for the 6th day in a row, the Chuckleheads in Asia bid EURUSD 
higher” … you know what happens now.

Here we are in day 4 of “I dunno”, when it comes to FX, and specifically 
EURUSD; no news, no “loose lips sink ships” from the usual suspects … 
nada all the way around. That leaves only the scumbag LP banks & hedge 
funds to push FX around any way they can [which they will], and why so 
many short term support/resistance levels get broken like eggs for an 
omelette; in other words, a perfect day for shenanigans and bullshit.

And, one look at the candlestick charts bears this out … to be concise, 
directly below the M15 from the European open.


 Well, whaddaya know, our old friend the “Flying Wedge of Death” [FWD] 
makes another appearance in FX … and as I stated in an earlier post, this 
shit is happening way to regular to be an accident … just because EURUSD 
is non-correlated, doesn’t mean it’s not manipulated … and on a day when 
there is little capital flows or news to support them, count on the scumbag 
LP banks to do their level best to front run corporate orders, and shake
the charts up, loosening some stops both on the buy and sell side.

And it looks very much to me, that everything traded on the MT4 right now, 
is being held “hostage” by the SP500 market … “will the market stabilize & 
rally? … is another crash coming? … hell, I dunno, and neither does anybody 
else, and more importantly today, nobody is doing anything cuz they don’t want 
to get “whacked” if they are wrong … welcome to market paralysis”!

There isn’t much to today’s EURUSD trade to comment on, except maybe,  
“a little song, a little dance, a little seltzer down your pants” … that kind of 
sums up the day perfectly. We’re in the 4th day in a row of can’t stay below 
1.22300 or above 1.22800 … perfect for a “chopfest” if there ever was one. 
It’s now early afternoon in New York, and in my book, the only thing that 
will move EURUSD, is if the SP500 does something in the last hour of 
trading today … and if you think I’m trading that, you’re nuts.

One trade today in this clusterfark … PAMM up between 0 - 0.1%. Not 
really any other trade I saw advantageous to take; an SP500 rally got me 
long, and when that stalled, EURUSD was on a spike up, so I liquidated 
… which, if you want to make money consistently, is the only option you’re 
left with. 

Short Monday post today … there just isn’t much to comment on, so we’ll 
see what tomorrow brings … big U.S. report this week is Wednesday’s CPI 
report … market maybe waiting for that to commit … in any event, I’m 
outta here … Onward & Upward!!

PAMM spreadsheet directly below.


Have a great weekend everybody!

-vegas

OUR TURNKEY FOREX “PAMM/MAM” IS NOW OPEN AND 
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