“Beats trading FX today!”
I mean literally, what is there to say about a market that can’t move 3 PIPS to
save its life … except you know, when you get your fill from the scumbag LP
that is off the market by at least one PIP? This is what happens when trading is
nothing but PIE HOLES & Apparatchiks … nothing, and then tomorrow the
Oracles at the Eccles building will hold court, and at precisely 2 PM EST, all
hell will break loose. That’s where we’re at today … the day before at least half
the trading community gets obliterated.
Meanwhile in the D.C. swamp … wait … nevermind, it’s simply a cesspool of
floating shit masquerading as the “people’s business”, out of control and in self
destructive mode, installment # 9,876,245 … “quite literally, I’m disgusted”.
No way to sugarcoat the trade today … through the first 12 hours, a pile of dog
shit … just enough movement to set off MT4 indicators and get retail specs to
get long/short, and then the inevitable bank drubbing coming within seconds
… anybody that trades this is nuts. “It’s days like this that make me want to send
my resume to the circus … as a trader all these years, I’m eminently qualified to
shovel elephant poo for Burger King coupons … the dog, though, says he can’t
take the drop in his standard of living, and the lovely & gracious Mrs. says I’d get
fired within hours cuz I’d piss off the elephants … all that college for nothing”.
And, since it’s between 7 AM - 8 AM EST., and the scumbag banks demand
some retail booty, here comes a White House Apparatchik, opening his PIE
HOLE and EURJPY leaps higher immediately to trap shorts … yawn
… another day, another crony capitalist manipulation to feed the mistress fund
somewhere … I’m sure it’s just a coincidence, though. “This is shameful! … but
nothing will be done about it cuz the “powers that be”, which are central bankers,
POLS, regulators, the TBTJ scumbag LP banks, and finally brokerage house
execs, have too much at stake from the thievery and robbery that takes place every
fucking day in a $7+ TRILLION per day ponzi scheme … guess who pays the
bill”? The only way to beat these scumbags is to understand what’s really going
on, and trade accordingly. So here we sit, waiting patiently for tomorrow, cuz
doing anything today would be like shaving with a chainsaw … an awful lot
could go wrong.
After 14 hours of mind numbing nothingness, how many ways can you say
“stop hunt”? … doesn’t matter which side, it’s been to both sides about 29
times. Directly below, a brokerage house client gets her stop filled, and consults
with management.
[Kudos to "Dale" for sending me this pic of Turnkey stops getting filled!]
In other words, a complete clusterfark of trading, dominated and run by bank
computer systems that read customer positions, and then run them
appropriately … right now, it’s to the upside looking for buy stops … no doubt
they get a few, and then what? “Well, the only thing I know for sure, is that on
days like this, both longs and shorts take turns getting crucified by bank stop
hunts, and general “scumbaggery” LP banks engage in, via mystery ticks and the
“slippage meter” set to triple MAX … it’s there, and then it’s not, liquidity being
almost non existent today”.
USDJPY with a 24 PIP range right before the European close, and quite
frankly it’s about as quiet as I have ever seen it … EURUSD sees the same
bullshit stop hunts and mystery ticks, and therefore EURJPY is simply a
mirror of EURUSD today … in essence, one of the worst trading days I’ve
ever seen … intraday volatility so low, you need a microscope to see it … just a
pathetic day that I’m sure central bankers love to see, right along with the
scumbag LP banks … days like this are simply a license to steal money. “A
stunning loss for Merkel just hits the news wires, as one of her sycophants loses in
the Bundestag … I’m sure the LP’s will make the down move orderly, don’t you?
… it’s always something, now more than ever! … aaaaaaand, the longs are
puking”!
I don’t like sitting here watching paint dry, but I don’t like handing money to
scumbag banks either … cuz we are now in the paradigm of trading that is
dominated and manipulated by central banks, and since tomorrow is
“FED day”, it should be no surprise to anybody that [let’s be nice], today is
“quiet”. So be it, it is what it is … but that doesn’t mean you do “stupid shit”,
expecting others to do “stupid shit” right along with you … it ain’t happening.
It’s Noon time here in NY, and with Europe closed [thank goodness for small
favors], it’s that time of day where Vampire Squid [a/k/a Goldman Sachs],
JPM, & Citibank take over the reins and impart the “slippage shitshow” upon
FX markets worldwide … in other words, it’s a recipe for losses … “put the
order ticket away and just back up Skippy … you want and need to hand money
over to somebody, the lovely & gracious Mrs. will accept your donation … other
than that, keep your hands away from the keyboard and avoid the temptation
… trust me, I’m a professional”!
No PAMM trades or C2 advisory signals today.
To be sure, there were algo signals, but they came with volatility levels below
our proprietary “volatility heat map” standards for a trade … if the intraday
volatility isn’t there, the risk of “false positives” rises significantly, and that
spells losses … so, you simply leave them the hell alone.
So, onto to tomorrow’s FED interest rate decision at 2 PM EST, where a 25 bps.
Rate hike is “baked into the cake” … what’s of supreme interest is the
“dot plot” for further increases in 2019, and this is the meeting where that
occurs … so, SHTF tomorrow at 2 PM EST. And with that, I’m outta here
… until tomorrow mi amigos … Onward & Upward!!
PAMM Spreadsheet directly below.
click to enlarge
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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