TRADERS “SEEM NERVOUS” … GEE, YA THINK?

 

“Sounds an awful lot like GBPUSD!”   

Nervous? … why should traders be nervous? … “just cuz banks have screwed 

them more times than nails into sheetrock, and a new high or low violently turns 

direction within milliseconds and hurts positions, is that the reason Skippy”?  

… and now today, Super Mario spills the beans on the Eurozone, and lets the 

world know it’s shit piled high to the sky, but we’re gonna hold off on those 

negatively tiered interest rates for a while … and that’s the good news?

Forget the fact that since New Years, VIX in everything has been clobbered 
worse than a baby seal at a Japanese whale hunt … every sector everywhere, 
and in everything, has seen ranges collapsing, and so now we start entering 
problem zones where the infamous “Flying Wedge of Death” [FWD] loves to 
operate and screw traders royally … and it’s these violent “spurts & sputters” 
that scare & confuse the shit out of traders, caused & reinforced by central 
banks and their BFF’s the scumbag LP banks, cuz for the most part the 
concept of “trend” lives in another trading paradigm, long ago and far away 
in another universe we used to inhabit … no more sadly.

We’ve gotten to the point where even “Forex Live”, and the corporate goblins 

that run the place, are forced to admit volumes, liquidity, customer 

participation, are all down due to “confusion”, and that even the mighty 

HFT’s are getting scammed by the banks … what’s the world coming to?

Hopefully today sees some of that confusion lifted in Cable, although POLS 
haven’t done a fucking thing except kick the can down the road some … I 
wonder what the excuse is gonna be when the whole shitshow falls apart and 
we end up with a “hard Brexit”? … sorry, I simply don’t have the necessary 
brain cells that can function around the concept of POLS doing the right 
thing … they will FUBAR it beyond hope & recognition.

Right now in Cable, we’ve seen over the last 4 weeks a compression of price in 

a wedge that’s gonna explode here shortly … and it’s anybody’s guess at this 

point where it goes out the wedge … I can make strong cases for both, but I’m 

gonna let the market tell me first … until then, and as the entire “Brexit 

shitshow circus” comes to end, the market is most likely going to run for a 

while and end up trapping some very large positions the wrong way … and 

that could lead to some very large moves dead ahead.

Gold? … joke … next!
 

Cable today, a market of two faces; 1) bleed higher, SCREAM! LOWER, or 

2) bleed lower, SCREAM! HIGHER … Take your pick on a double reversal 

day, with the FWD making its mark, all wrapped up into a nice package of 

rumors & bullshit over what the E.U. is gonna do today … seriously psycho 

market, but at least it fucking moves, unlike some yellow rocks I know that 

simply sit.

Two algo buy signals in GBPUSD today … PAMM down a few bucks.

If I had chosen to hang on to both, they both would have been winners. Yea, 
not gonna do that, cuz it’s a recipe for suicide in Cable … they were decent 
buys, the first simply didn’t work right away, and in the second, we got 
ripped a new donkey by Turnkey getting in, so it triggers my automatic rule 
of getting out when I have any kind of profit … I’d bitch to Turnkey, but there 
isn’t anybody there that gives a shit, so what’s the point? … “it’s just the 
market duh”!, is there SOP answer to everything. In any event, going forward, 
expect bigger loses and much larger gains, cuz this stuff 1) moves fast, and 
2) we’re trading round lots. Just here a minute ago, dealers wiped out 3 hours 
of upside action in 20 minutes, so things can be very quick.

Onto tomorrow, and let’s hope in the remaining hours of today, this “Brexit” 

 bullshit gets somewhat solved … probably not, but at least it will give me a 

“playbook” on how I want to trade it going forward … until tomorrow mi 

amigos … Onward & Upward!!

Have a great day everybody!

-vegas