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Thursday, July 2, 2020

NFP THURSDAY … OH FUN, OH JOY

“The trading public braces for a new trading day!”

And with the NFP stupidity, “Everything Is F-ing Awesome, Baby!” once again
… until it isn’t … just another made up bullshit number pulled out of thin air,
along with a Tarot card reading from Madame Cleo, courtesy of the Department
of Unicorns & Fairy Tales … now Sheeple traders can wait for the “Flu Lottery”
numbers, and hurry up and place your bets.

Long before NFP stupidity, though, I turn my screen on at/near the European
open to trade the DAX30, and lo & behold, Turnkey’s scumbag LP’s have raised
the bid/offer spread 100% from yesterday and all this week … I guess I’m not
supposed to notice, huh? … what a bunch of thieves … well, ain’t trading this if
that’s the way today shakes out, so screw ‘em.

And then, amazingly, right as the Wall Street “early birds” get to their screens
around 7 AM EST, the DAX30 spread drops and stays there at 1 - 1.4 index points
the rest of the day … I guess Europe’s & Germany’s banks can’t handle tight
spreads or something, I dunno … anyway, “Flu Lottery” numbers ruin the
“melt up party”, but if we all die, SkyNet can take the “Stock Bellies” much,
much higher, cuz nothin’ screams higher prices for worthless shares where
valuations have never been higher, than more people dying.

So, can’t trade pre-NFP cuz the LP’s are a bunch of crooks, and post NFP it’s
crash and burn when the Florida “Flu Lottery” numbers come out, and there’s
not much time for markets to play before things turn quiet.

One algorithm trade today in DAX30 … TURNKEY PAMM / MAM UP VERY
SLIGHTLY.

Everything was good on the trade, and I had some room to work if it had
sustained a rally … but nope … liquidated when I had to. On the whole, though, I
much prefer the DAX30 to the DOW30 cuz the former has less bullshit &
shenanigans from the usual suspects than the crooks in the U.S.

Outta here … until tomorrow … Onward & Upward!! 

Have a great day everybody!

-vegas




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