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Friday, August 31, 2018


“Unless you’re a scumbag LP Bank Preezy … then, it’s good to be a Gangsta!”

Well, here we are, the unofficial end of Summer 2018, and before kids go back 
to school, the boats are dry-docked for winter, the cabin at the beach or lake 
locked up, it’s once again time to take stock of the world’s financial status … in 
the infamous words of one John “Bluto” Blutarsky, “My advice to you is to start 
drinking heavily”. Cuz one glance at the world’s financial system, especially 
Emerging Markets [EM] and U.S. equity indices, and you’re more than likely 
to get either extremely dizzy and/or sick.

I learned long ago as a trader, that the axiom of “spread your risk” around the 
system was pure bullshit … gains don’t mean shit, unless they’re liquidated 
and the money is in the bank … what looks good or “OK” one moment, turns 
to bat shit the next second, and the difference between winning and losing isn’t 
just a function of money … it’s a function of liquidity, pure and simple. And as 
people have to be constantly taught with every generation, spreading money 
around to different piles of stinking shit doesn’t make the stink of the piles go 
away … “Oh, I got money in Turkey, Venezuela, Indonesia, Greece, Italy, 
Argentina, India, etc. … I’m diversified, so no one country can hurt me, and I get 
high yields on their government bonds, so I got that goin’ for me”! Sure ya do 
… until the FX of all of ‘em go south so fast, with zero liquidity to get out, that 
your entire pile of assets can’t buy a cup of coffee at Starbucks.

I see the other day on ZH, that according to BoAML [Bank of America Merrill 
Lynch], 40% of household wealth in the U.S. outside of home equity is held in 
passive investment vehicles in the stock market via ETN’s, ETF’s, & index 
mutual funds … 40% … “any idea what happens when ‘Murica folks get 
nervous and try and sell trillions of dollars of stock and there are no buyers”?  
Well, take a look at EM FX for a clue.

Turning to today’s EURUSD market … as expected, quiet Asian & European 
session with very little movement … today’s action will more than likely be 
centered around the NY afternoon, after Europe is closed, when Fitch 
announces ratings on Italy … a downgrade and/or negative watch status would 
more than likely lead to some EURUSD “Thelma & Louise” action before the 
close and into the weekend … how serious? … dunno, until Fitch spills the 
beans and gives their reasoning on why anybody with one functioning brain 
cell would put money into Italy.

“Well, that escalated quickly to the downside, didn’t it”? Italian bond yields 
blowing up, and thus pressuring EURUSD sell stops, which dutifully get set off 
and executed with a guillotine by the scumbag LP banks … “it never ends, cuz 
everybody in the loop gets fed off it … the Pols, the regulators, the brokerage 
house execs, and of course the scumbag banks who front run the shit out of ‘em 
… and if you ever wonder why this “wild west” isn’t better regulated, there’s your 
answer in a nutshell … who of any financial and/or political importance wants it 
to end”?

Quite frankly, coming into today, I want nothing to do with the “Fitch fiasco” 
coming this NY P.M. … I have no idea what these asshats are gonna do or say 
RE Italy, and whether or not it’s “buy the rumor, sell the fact” or “crush the 
Euro” before the Holiday weekend … in any event, conditions are so thin my 
order box looks and acts like it’s on drugs … up/down multiple PIPS within 
milliseconds followed by mind numbing nothingness, and then BOOM!, here 
come the vicious spikes. And vicious they were to sell stops with some nasty 
fills nobody is gonna like.

Yea, EURUSD has a good range today … not all that surprised, but it doesn’t 
matter … cross flows from EURGBP & EURCHF, to name just two [2], as well 
as “risk off” before the Labor Day Holiday, make this a very highly dangerous 
day I want to avoid … especially in light of some of the thinnest bullshit 
conditions I’ve seen in a while from FX … there ain’t nothing here, and what is 
here doesn’t want to be here trust me … it’s called I’m being forced out of longs 
or I have to do some corporate order … other than that, there is NADA!

No trades in the PAMM today.

As I said, I want no part of this crap … it’ll be here after Labor Day and some 
of this “financial dust” settles … until then, you risk 10 to make 1 … screw that, 
cuz all you’re doing is playing right into the scumbag LP bank’s hands for what 
is likely to be some of the worst fills you can imagine. Yes, there were plenty of 
algorithm signals today, but I ignored them simply cuz the trades 
aren’t/weren’t worth the risk in the market, given the lousy trading conditions 
… biz returns to normal next week.

Special blog post on Sunday night, as I outline our C2 [Collective 2] signals 
service in EURUSD, along with details. And with that, I’m outta here … until 
Sunday night mi amigos … Onward & Upward!! PAMM Spreadsheet will be 
back soon.

Have a great Holiday weekend everybody!!





Thursday, August 30, 2018


“You’re too stupid to understand what’s good for you!”

“Well, wasn’t yesterday a classic lesson of government manipulation in action 
… buy hey, it’s OK cuz they get to do it, and besides, look at all the side benefits 
like hookers & mistresses get Christmas early this year from the Elites who run 
things … and since they know best, it’s in the public’s interest cuz you’re too 
fucking stupid to even feed yourself let alone decide financial stability … leave it 
to the smartest people in the room, OK”?

I’m referring of course, to yesterday’s blatant “readjusting” of EURGBP, 
where the Twits at the ECB trotted out Barnier to wax eloquent on “Brexit”  
… nobody can remember what he said, cuz he speaks in doublespeak bullshit, 
no doubt learned at one of Europe’s finest indoctrination centers known in 
some parts as college … no, his goal was to “talk up” the advantages to Britain, 
and let the rest of the ungodly world know that the E.U. was Santa Claus, and 
that there were so many gifts to be given to the British, and that they were 
being so magnanimous in negotiations, that the Brits never had it so good 
“well, who the fuck knew that”? EASY PEEZEE: “Nobody but the E.U. 
insiders that got short the cross right before he steps up to the microphone 
… make no mistake, Barnier’s job was twofold; 1) kill EURGBP lower, and 
2) make a shipload of money quick for the manipulators [hey, we got bills to 
pay] … mission accomplished on both fronts, with the added cherry on top of 
specs getting blasted”.

And of course today, according to no less an authority than 
in earlier news headlines, “Barnier was more neutral in his comments to a 
German news radio program than yesterday regarding “Brexit”. … well, no shit 
Sherlock! let’s just walk back some shit a bit shall we … no need to be too 
obvious you were the ECB’s Chief Patsy yesterday in manipulating EURGBP 
lower … EXIT QUESTION: “Did you make enough on your shorts to get your 
mistress a brand new Mercedes like she wanted”?

The setup here was perfect; 1) EURGBP makes new yearly highs, thus 
bringing in all the “trend followers” to get long, 2) GBPUSD is so oversold it 
isn’t funny anymore on the daily charts, and 3) markets are thin heading into a 
U.S. Holiday weekend. All of this, of course, the perfect backdrop to do some 
serious retail ass kicking as well as make a few bucks for those in the loop 
… and here comes Barnier. To be sure, the scumbag LP banks were most likely 
in on the scam, as the Elites don’t want to “burn bridges” with the hands that 
feed them. “Ho hum, just another FX scam … like the one on Christmas Day 
with EURUSD getting “monkey hammered”, then miraculously recovering, and 
then 9 days later it’s 1000 PIPS higher … but like I said, it’s “OK” cuz they do it 
… if anybody in the private sector tried this, they’d be in a fucking jail hole so 
deep they’d almost be in hell … you know it, I know it, and they know it 
… welcome to FX everybody”!

Turning to today’s EURUSD market … complete bank run bullshit, so what’s 
the point in trading? … not a rhetorical question either, cuz with zero volume 
and even less liquidity, EURUSD goes where some scumbag LP bank wants it 
to go for a corporate order front run … rinse, repeat, and you get the idea.

How thin is this crap today? … glad you asked … didn’t really expect to see a
“Thelma & Louise” right before the NYSE opened, but the market was ripe for
some kind of fall … first trade after taking out yesterday’s low, and on the way 
down to the 1.16441 low [so far], at 1.16455 I entered buy order and got filled 
at 1.16494 … “FFS! … WTF is this shit! … oh wait … it’s the “fair & honest” 
fills we get from Turnkey’s wonderful group of fucking thieves known as scumbag 
LP banks … cuz, you know, market conditions, duh … I would complain to them, 
but what’s the point … Turnkey, like every other brokerage house, could care less 
and ain’t gonna do shit about it … this is life in FX sometimes”. Oh boy, can’t 
wait to see the rest of the day.

One of my “golden rules” of trading, which has served me well, ever since 
electronic platform trading took over and gave power to scumbag LP banks, 
instead of the boy scouts in the pits [just a little snark here], is that when you 
get absolutely bent over the farmyard railing, over by the pig pen, by the 
scumbag bank on an entry fill, is to look to get the hell out anyway you can 
when you get up money in the position … the vast majority of the time, it’s the 
right move … the 7-11 robbery simply skews your profit position, and today 
was no exception on this first trade. 

And other than that, today’s sudden U.S. session drop, after near comatose 
conditions for the first 13 hours of the day, no doubt helped to the downside by 
some painful EURGBP & [to some extent] EURJPY long liquidation, that has 
come from the E.U. manipulators … we may see some more legs lower. Cuz 
with Italian bond yields blowing out, USDTRY inching towards 7:1 yet again, 
among other things like the Argentinian Peso getting clobbered, it’s hard to see 
EURUSD maintaining anything towards 1.17000 as we go forward with the rest 
of the day. Maybe, but I doubt it.

We’re now in the NY afternoon, and with Europe closed, round up the usual 
scumbag LP bank suspects to trade with, and quite frankly the bounces off 
interim lows aren’t for shit … they’re getting faded after only a few PIPS, and 
with EURUSD hanging around 1.16500, after a new bogus low was hit off by a 
couple of PIPS and now has rallied to screw shorts, it looks to me like this 
afternoon will be a complete bust … maybe EURUSD can go lower, but it’s 
gonna need some help from further EM crumbling down … more likely just 
more of the same “search & destroy” by Squid, JPM, & Citibank and nothing 
more than a light stop hunt on both sides of the trading equation, as it appears 
this stuff is slowly grinding lower. We’ll see.

Only one trade today … PAMM up slightly, a few bucks.

As I said earlier, “whaddaya gonna do when they screw you so bad on a fill they 
should be indicted? … well, the right thing to do is, whenever it happens, is to get 
out with some profit and then start over … and since then, this stuff has been a 
bucket of warm slop, with no real action to speak about other than touching off 
some light stops”. We already know they’re crooks, so … meh, shrug and move 

Tomorrow most likely sees the worst of the week going into the Labor Day 
weekend, so it’ll be interesting to see when the music stops … my guess is, right 
after the NYSE open about 10 A.M. EST. … we’ll see what happens. So, up a 
few pennies today … onto tomorrow … I’m outta here early today mi amigos 
… Onward & Upward!! PAMM Spreadsheet will be back soon.

Have a great day everybody!!