THIS IS SIMPLY PATHETIC

 

“Yes, it’s sadly come to this!”  

Throw all the economic indicators you want at Cable … nothing matters now. 

It’s the “Brexit shitshow circus” and the rumors swirling around it that matter, 

to the exclusion of all else … and so the sorry saga continues today, cuz after 

18+ hours of “trading” [cough bullshit cough], Cable doesn’t even have a 40 

PIP range for the day … seriously, what is it you want me to do here? A 

number of times, there have been some sell stop hunts to the downside, 

resulting in quick, vicious, 2 M1 - 5M1 drops of 10 - 20 PIPS … that then go 

nowhere, and minutes later [pick a number] rally quickly as shorts fold 

… rinse, repeat, and the scumbag LP banks got your number.

Gold is literally dead in the low 1270’s, and if you think it’s bad in gold now, 
just wait, cuz IMHO it’s going to get much worse … look for smaller ranges, 
much lower volumes, and nobody cares. We’re entering a period of the year, 
April - August, that seasonally is the worst time of year for price appreciation, 
and with all the technicals having been destroyed on the charts from the last 
installment of the “Comex Con Game”, good luck to the scumbag bullion 
dealers getting anybody to bite on small rallies … it’s gonna be a while folks.

Back to Cable … all you get with these extremely tight ranges are 1) stop 

hunts on both sides, 2) the “Flying Wedge of Death” [FWD], and 3) every 

technical indicator on the MT4 giving “false positive” buy signals at the top, 

and sell signals near the bottom … then, you get to scramble like hell to cover 

said positions before they get out of hand … in other words, there is zero 

trend, and nothing but a bag of instant trouble … when does it end? … it ends 

when it wants to end and not before. And so, like all of this week basically and 

the week before, there isn’t a “Hoover Dam” thing to do but wait.

Afternoon in New York, and oh joy, oh fun … GBPUSD has a 39 PIP range, 

about a 30 PIP range over the last 9 hours, and quite frankly tomorrow will 

probably be worse, and simply forget Friday. The 20 Day Range MA will take 

a beating come the end of the week … ditto with gold, but the range in gold is 

the least of its problems … that market has been “silverized”.

So, we’ll see what tomorrow brings, but my guess is trading won’t possibly 
return to normal ‘till Tuesday of next week, cuz Europe & the U.K. take 
Monday off for Easter Monday … like the Brits need another Holiday … in 
any event most traders looking at an early exit tomorrow to make it a 4 ½ day 
weekend. Until tomorrow mi amigos … Onward & Upward!!
 

Have a great day everybody!

-vegas