STUCK IN MANIPULATION HELL

 

“Control the flow of money, and control the world!”   

Granted, Mondays have almost become semi-holidays the way they trade 

… boring, uneventful, no real trend in anything … “but what I’m seeing 

today is disturbing on so many levels … everything manipulated by banks into 

tight ranges, just enough to set off some “false positive” buy/sell signals on the 

MT4 or TradeStation platforms for the spec crowd, but not enough to go 

anywhere and make any money … and then it’s time for the stop hunts the 

other way”. Never in my career, have I seen so many days with the dreaded 

“Flying Wedge of Death” [FWD] or double reversals showing up so often, as 

like we see today and over these last few years … and you can all thank 

central bank HQ.

And it’s not just gold & silver that have been hijacked … major FX pairs are 
a fucking joke … today, after 20 hours of trading, EURUSD with a 40 PIP 
range, GBPUSD with a 42 PIP range, & USDJPY with a 36 PIP range … the 
SP500 with an approximate 12 point range … gold its usual self with a 
pathetic $8 range, and the list goes on & on. Cuz what they’ve done is 
eliminate intraday volatility, and about the only thing that has any trend 
whatsoever are the stock indices, due to the “Plunge Protection Team” [PPT], 
along with the SNB [Swiss National Bank], & corporate buybacks 
… somebody show me what market I’m missing for big money? … Right, 
there isn’t one.

Today I’m watching USDMXN, and this puppy moves so fast and violently, 

even on normal days like today, I don’t seriously think it’s going to work for 

us in the PAMM … I originally thought it might be a good fit, but with 3 days 

in a row of batshit crazy action to end last week, I wasn’t sure if that was the 

normal paradigm … after watching it today, yea it’s the normal paradigm. 

And while it’s not a problem to trade small numbers in this pair, as the 

PAMM grows it most definitely would be a problem … fact is, there’s very 

little liquidity here unless you want to pay up big, and if you’re on the wrong 

side of this thing when it goes nuts, God help you on your fill.

Looking at USDCNH [offshore Yuan, a/k/a Reminbi], the main problem is 
the Turnkey bid/offer spread … coming in at 5 PIPs, that’s a lot to swallow 
versus other offshore houses that offer this pair at 1 PIP … like I said, I’m 
talking with Turnkey about this, but don’t expect any satisfactory result. 
Sure, when the daily range is 300 - 400 PIPS, this spread isn’t a problem, 
but when it slows down, it most definitely becomes a problem because it’s 
way too “Hoover Dam” high … and right now, this pair is on the slow side of 
its paradigm for trading action.

As we’ve seen this entire year of 2019, gold is simply a bucket of shit when 

you talk trading conditions … probably the most manipulated of all the 

markets from the sell side, it’s nothing more than the “Comex Con Game” 

in action … slowly rally it up the hill, and then bomb the hell out of it in 1 

or 2 days [or less].

Add everything all up, and the central banks of the world have positioned the 
trading community in one helluva tight spot … no volatility, no ranges, no 
trends [outside of stock indices], worse slippage via fills, and a growing chorus 
of people in the industry throwing the proverbial towel in and calling it quits 
… note the record number of CTA’s, hedge funds, & options funds that have 
gone “belly up” the last few years, 2018 being the worst year on record since 
1987 … for central bankers, this isn’t a tragedy, it’s a benefit.

I’ve already gone on record saying I’m in gold to trade it, come “hell or high 

water”, and nothing has changed in that respect … at present, gold is 

untradeable … there’s no “there” there, as it’s simply scumbag bullion 

dealers jerking the market around for their own benefit, at the expense of 

what is left of the specs who still trade it … we’ll be back when price gets 

above 1340 and things heat up … until then, what’s the point?

Ok, since traditional FX is a complete joke, USDCNH has a “grand canyon” 
bid/offer spread and you’d be nuts to pay it, and USDMXN is so hyper it acts 
like it’s on meth 99% of the time and has very poor liquidity. We’ve already 
had a bad experience with crude oil at Turnkey, as the slippage there was 
outrageous, right along with the bid/offer spread, so that isn’t an option at all. 
Fact is, the only way to trade oil is via futures, cuz CFD’s anywhere are a 
complete rip off, no matter what house you trade at, AND there’s no way to 
split futures in any PAMM program … what then? … good question.

That only leaves stock indices, and a return to the NDX100 for PAMM 

trading, while we wait for gold to get its act together someday and act like a 

viable market. So starting tomorrow and going forward, I’ll be back trading 

the NDX100 … Peso & Reminbi simply have insurmountable problems, at 

present, for us to make consistent money … if I trade them, we’re just 

handing out baskets full of money to the “Hoover Dam” banks, over & above 

anything that happens in the NDX100. So, it’s back to the future.

Rest of the week should be active, a lot of data tomorrow … Wednesday sees 
the FED interest rate meeting, and Friday the NFP report … so today looks 
like it’s the worst of the week for trading action … onto tomorrow mi amigos 
… Onward & Upward!!
 

Have a great day everybody!

-vegas