“Pop goes the weasel! … truly, a class of idiots!”
Second day in a row, the “Chuckleheads” in Asia panicked at the close of the
Asian session and bid EURUSD higher in a frenzy, only to see the short
covering evaporate and the market shoved up their collective donkeys so far,
their teeth hurt. “Is there any market these assclowns touch, that isn’t turned to
shit in seconds”? … they’ve practically single handedly ruined the gold market
over the years, buying in Asia and watching New York sell it down their
throats repeatedly … if it wasn’t for the “Rally Protection Team” [RPT], gold
would be at $10K per Oz.
I see on ZH the other day, an article highlighting the fact that
“Mrs. Watanabe” & her gals pals [euphemism for the Japanese public at large,
whose wives play markets while their husbands work themselves to death in
Japanese industry] got wiped out [again] in the Turkish Lira, using cheap Yen
to finance carry trades in the EM currency … “well, the last 2 days has seen
somebody panic buy at the Asian close, and what better suspects are there than
this illustrious crew”?
And so, what we see in the market is mind numbing boredom, hour after hour,
and then instantaneously followed by sheer panic … and then back to boredom
again … “oh yea, nothing like a well functioning liquid market … NOT”. And
with scumbag LP bank trading desks manned by magazine subscription
salesmen, cuz it’s August and the bosses are in the Hamptons partying with
Libtards who hate them, markets ain’t exactly “deep” at the moment. “It
might look like the Pacific Ocean from a distance, but look closely and it’s a
fucking stink puddle miles wide but only 2 inches deep”.
The usual M.O. (modus operandi) is for somebody with more commas in their
account balance than we have zeroes, to “muscle” the market in thin conditions
to set off buy/sell stops, take the other side, and then bid/offer aggressively the
other way to trap retail & small institutional specs … all the while, the crack
heads who trade the scumbag LP banks own prop accounts, front run the
entire thing … illegal or not, they do it through offshore IBC’s not technically
owned by the bank, but by a trust or another IBC that is owned or controlled
by the bank … everybody “wins” except anybody who gets caught up in this
bullshit … and then the winnings are spread around various Pols, regulators,
and brokerage house execs to look the other way, and finally down to the
trader, who can now go buy more meth to trade 24/5 and not miss anything
… “hey, I’ll sleep when I’m dead!”, the mantra of the traders at scumbag LP
banks trading rooms. “Just think of your loss on the stop, as providing income
to those in need, and I’m quite sure you’ll feel better”!
So, coming off another “drive by mugging” into the EURUSD trade this
morning, I’m left with wondering “what’s left?”, on a Friday in August with
the order books cleaned out. My best guess is nothing but dealer led stop hunts
and more mind numbing chop.
Turning to today’s EURUSD market … “thank you Chuckleheads, what would
big money do without you shoveling money into markets like logs into a roaring
fireplace”? Now, seeing nothing but chop with a slight downward bias, that
reverses and for the last 2 hours it’s been a tortuous climb of a massive 15
PIPS … [forgive my sarcasm, it comes naturally to me.]
And of course, just to prove my point, a bank led stop hunt in EURUSD that
sees the bid/offer drop over 10 PIPS on vapors, then the immediate rally back
to where it was before it started … “err, nevermind! … except if you had a sell
stop in and got hit … then, it’s not as easy to accept the scumbag bank LP
bullshit, or the lame ass excuses you’ll get if you ask the brokerage house what
happened … HINT: umm, market conditions, umm … understand now”?
Suddenly … again … I guess Turkey is not quite “solved”, and that might be a
reason some banks & hedge funds have developed a sudden case of EURUSD
yips. USDTRY only went higher [lower turkish Lira] 1500 PIPS in less than
100 seconds … what’s the prob guys? “Didn’t you get the email? … everything
risky is safe again”. And since everybody knows turkeys come from Turkey, if
this shit isn’t solved by Thanksgiving, I’m gonna eat ham instead … “yea, take
that … I’ll show you what’s what … frickin’ goobers”. And that’s my Libtard
intellectualized opinion of the whole matter, very briefly.
Well, interesting short covering rallies today, that came with so many “mystery
ticks”, you literally can’t count them all … dangerous as hell to be long, and
just as dangerous to be short … in other words, a complete clusterfark where
pretty much everybody gets mauled and raped by the scumbag LP banks, as
they fill orders with reckless abandon via the HAL9000 slippage software
… “hey, just cuz we’re in EURUSD now, and conditions are better than
anywhere else, doesn’t mean the scumbag bank LP’s have any purer intentions
when it comes to orders … it simply means they have to make do stealing nickels
and dimes, while their stock indices brethren steal $20 bills … watch your back
and time your orders appropriately and there aren’t any real problems in
EURUSD”.
Many trades today … PAMM down again fractionally, about $30.
Can’t do anything about choppy shit that goes nowhere, and then decides in
seconds to move massively before returning to sleep … it’s either ball busting
moves in seconds, or it’s the dreaded chop for hours, with literally nothing in
between … and while for the most part I capture some of the move up, chop in
others leaves me with fractional losses … but, not to worry, cuz the volumes
we’re doing means the winners are eye watering when this shit ultimately
decides to do something besides chop around for hours in a 5 PIP range that
goes back & forth about 30 times a minute, and doesn’t put 99% of the day’s
range in the last 5 minutes of the Asian session into Europe’s open. Is August
over yet?
Anyway, meeting last night with staff very productive, and next week I’ll have
some enticing details for people … until then mi amigos, cuz I’m outta here
early on a Friday afternoon with zero going on [meaning new highs in
EURUSD assured … maybe].
Sunday night, I’ll have a special blog post on EURUSD … this is something
nobody should want to miss. PAMM Spreadsheet will be back up soon!
Have a great day 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
“ESCAPE TO SUCCESS”!
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