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Tuesday, July 28, 2020

WHAT IS THE EUROPEAN SESSION GOOD FOR?

“Me and the European trading session!”

Europe is starting to get on my nerves … seriously, WTF are they good for?
… Well, 1) losing wars, 2) good chocolate, 3) good beer & wine, and 4) going
“dark” in FX while the rest of the world trades … quite frankly, it’s pissing me
off … again today, Asia goes berserk, Europe literally DIES, and then the U.S.
trades … oh, and 29 minutes after the London “Fix” [in more ways than one],
which by the way is the exact minute of the high of the day so far, and Cable is
about 15 - 20 PIPS lower … another amazing coincidence … “you corporate
types out there, and you know who you are, it simply astounds me that you
hand these scumbag banks millions of dollars every frickin’ day by doing your
buying / selling at the London “Fix” … oh, it’s a “fix” alright, but not like you
think … you people are the absolute dumbest, stupidest morons ever to run
businesses”.

Just another day in “honest” markets, right? … please, I just ate … and if you
think Cable was bad today [it was], over in gold & silver the real crooks showed
up and ran the sell stops for a good $70+ bucks lower, before of course buying
the sell stops and bidding it higher … ho hum, another market scam right before
your eyes.

Cable up 19 out of the last 21 trading days [including today] … I guess we just go
up forever … what a joke all of this is … Asia traded insane, and then Europe
shows up and everything died within 5 minutes … literally … and like other days,
lately sees algorithm parameters literally sitting on top of each other until
something happens, which again [lately] starts once the NYSE opens and “Stock
Bellies” start trading … then it’s “one & done” for moves, and have a nice day
… geesh what a bag of dog poo … no need to shovel a new one, just use the
stinky one from yesterday.

Only one algo buy signal today in GBPUSD … TURNKEY PAMM / MAM UNCH-ED.

Simply nothing here worth anything today … market refuses to break in any
meaningful way, and while Europe is absolutely worthless, the NY session is no
great shakes either, especially with the corrupt London “Fix” that occurs daily at
11 AM EST … Cable is getting over extended, and along here shortly is
gonna come what gold & silver saw today, and that’s a “monkey hammering” of
sell stops below the market … it’s due and it’s coming, and you simply cannot
buy rallies in any FX pair.

I wanted to mention this the other day but forgot … if I have a trade after I post
for the day, I’ll do an update right after the NYSE close … until tomorrow
… Onward & Upward!! 

-vegas



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