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Monday, May 28, 2018

A VERY SPECIAL HOLIDAY

“I see this and think, maybe there still is hope for America.”

Today is a special Holiday, in my book, to honor and remember those men 
& women who have made the ultimate sacrifice in service to America; none of 
us would be here trading, or doing anything else we all take for granted with 
our freedoms, if not for these brave people … they deserve 1) our respect, 
2) our continued remembrance of their sacrifice, and 3) our heartfelt love and 
prayers that they may rest in peace ... May God bless all of them.

In addition to today’s U.S. Holiday, the U.K. is on Holiday as well, as 
apparently they need another banking Holiday … “you know, cuz they work so 
hard for the betterment of humanity and all that PR crapola” … so, even though 
markets are closed practically everywhere, doesn’t mean news stops, and when 
things resume tomorrow back to normal, there’s a lot to digest in the E.U. & the 
U.K.

I looked at the trading action early from late Asia, and after about 20 minutes 
decided the day wasn’t worth it … no volume & you know the rest … maybe 
they can break the 1.33000 level, but I doubt any tradeable decline could result 
from it, since both dips and rallies will be strictly stop hunts for the foolhardy 
… the upside could see some rallies, but with EURUSD collapsing cuz of Italy, 
Spain, & possibly Portugal [now in the mix for domestic trouble], that’s an 
unlikely scenario … however, the last thing you want is to be in something, and 
then “the lights go off, people hit the exits, and it’s simply you and the damn bank 
with a wider spread” … no thanks, count me out.

Looking at volatility, current intraday levels are down approximately 25% from 
Q1 2018 in GBPUSD … it feels worse than that to me, but that’s what the 
numbers say for what it’s worth … however, it’s not the numbers per se that 
make it feel worse, it’s the lack of follow through on either side, and ends up 
giving us some variation of “doji” after “doji” on the daily candlestick chart 
that’s the problem … the algorithm simply has neither time nor volatility to 
react fast enough for the rapid changes in short term trend.

No trades today, simply cuz it’s a nothing day ± a few PIPS around the 1.33000 
level that will go nowhere … great for getting chopped up. We’ll attack this 
animal tomorrow when things return to normal. Until then mi amigos, I’m 
outta here … Onward & upward!!

PAMM Spreadsheet directly below.


Have a great rest of your Holiday weekend everybody!

-vegas

OUR TURNKEY FOREX “PAMM/MAM” IS NOW OPEN AND
OPERATIONAL; SEE “PAMM/MAM MONEY PROGRAM” IN
“DOWNLOAD LINKS” SECTION IN RIGHT HAND COLUMN
FOR DETAILS [VIEW ONLINE AND/OR DOWNLOAD] AND
START YOUR JOURNEY FROM WHERE YOU ARE AT TO
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