“Why do I have to get up & look at a screen where nothing is moving!?”
So, let me get this straight … “on Friday, this crap [a/k/a EURUSD] can’t rally
5 PIPS all day to save itself, and after 4 days of straight up it gets “monkey
hammered” 100 PIPS lower and closes on its low of the day … Sunday night
comes and it opens steady to slightly higher, even after negative tariff news on
Saturday from President Trump, and never goes lower the entire night into Asia,
then into Europe, and then into the U.S. session, and now we’re 70+ higher and
we haven’t had a break of more than 4 - 5 PIPS all frickin’ day … oh yes, makes
perfect sense … and you wonder why 90%+ of all traders lose money consistently
over time? … Don’t, cuz FX is manipulated by the banks, and the shit you see on
your screen is an illusion, put there to get you to follow traditional technical
indicators, that they monitor and run, all with the purpose to get you to buy highs
and sell lows … and anybody attempting to position trade this stuff? … well, good
luck with that Skippy”.
And yes, this is a “shitshow” … once again the European session almost totally
worthless for price discovery, and today Asia not much better, although the
“Chuckleheads” did a good job of panic selling in the last 90 minutes of trading
in the Asian session, right before they went and took EURUSD to a new high
… so, you got a new low AND new high in the last 90 minutes … could these
clowns be any more confused? … and into the U.S. session where hell, half the
M1’s on my screen don’t even have 1 PIP ranges … how pathetic can a market
get? Only when you view trading through the prism of bank manipulation, can
you come to grips with how financial markets trade anymore.
Plenty of Pie Holes & Apparatchiks on the wires this morning attempting to
fund the mistress accounts, but it’s not having the desired effect, more than
likely cuz people have been burned before and are holding back to see what the
U.S. session brings … in any event, it’s the “anti-Friday” … straight down all
day to today’s straight up all day … “I’m sure, it’s just the free flow of capital
and how the ball bounces … right? … Sure, we’ll go with that”.
And as Europe closes for the day [thank goodness], the first price break comes
from those sitting on long positions since whenever, and it’s time to liquidate
… “Wow, this 10 PIP break is breathtaking [snark]”! Of course, that means in a
few minutes it’s only gonna be Squid & the boys making a market, and if I’ve
told you once, I’ve told you a million times, “Vampire Squid [GS], JPM, &
Citibank are not your friends … be very careful stepping in this NY afternoon
landscape run by these fucking crooks … no way to sugarcoat the message”. And
sure enough, simply cuz it’s there for the plundering, EURUSD goes down
“womp, womp, womp”, as if on cue right as Europe closes … another
coincidence, I’m totally sure.
“Shitshow” seems to sum up things rather nicely … “won’t rally, won’t break,
just sits and “chops”, as if looking for victims, and describing trading action as
pathetic simply insults pathetic … intraday volatility almost completely dead,
except for scant brief minutes where there’s some serious corporate front running
of orders going on, and then it’s back to biz as usual … absent significant Pie
Hole or Apparatchik remarks that change the narrative, this is the new paradigm
trading finds itself in … learn it, love it, profit from it”!
Only one trade today … PAMM up a few bucks shy of 0.1%.
Well, only one algorithm buy signal today … directly below, the M1 chart with
commentary.
click too enlarge!
Thank non existent intraday volatility for this bucket of hog slop a/k/a
EURUSD, as there were hours today when EURUSD didn’t move 5 PIPS
… got a shit fill on entry at both Turnkey & C2, but at least they were
consistent, and both buy & liquidation were only a tenth of a PIP off from
each other, meaning they were legit … still, I attempted to buy at 1.16785 and
got filled at 80 … when the next M1 opened and stalled, I’m not hanging
around to find out what happens next, cuz I don’t need or want two [2] shit
fills in a row … and that’s the idiotic day.
Normally, we should get about 5+ algorithm signals a day … Friday we got
nada, and today one [1] … two [2] days in a row of really terrible price action
… as I’ve said before, “TNT & Crickets”, and “Hoover Dam” little else … it is
what it is, and I can deal with it, and the algorithm knows when to avoid it, but
it’s frustrating to sit here all day watching paint dry … let’s hope the days
ahead can get back to even a respectable level of normalcy, instead of this shit
the market seems to be stuck in these last weeks. “Oy” is an element best
avoided!
Onto tomorrow … I got no desire to give anything to Squid & the boys this NY
afternoon, in a bullshit market going nowhere fast … PAMM Spreadsheet will
be back up tomorrow! Until tomorrow mi amigos … Onward & Upward!!
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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