A-HOLES AT J-HOLE

“They eat at your expense!”

We start the last full week of the worst trading month of the year, and like every

year, the elitist financial pigs are meeting in Jackson Hole, Wyoming … what will

they accomplish? … same as every year, not a “Hoover Dam” thing, but it’s nice

to visit a touristy, old western shitbox out in the middle of nowhere, and pretend

you’re back in Davos, Switzerland … and so, let the bullshit pile high cuz there’s

plenty of space in Wyoming to put it … I hear this year, it’s a “virtual”

conference, whatever the hell that means … “can we have A-Holes at J-Hole

every week on the internet”? … quite frankly, this is laughable … “Oh the

humanity! … just think of all the Hookers out of work in J-Hole, and all the drug

dealers who are now overstocked with Coke … no worries, I’m sure somebody

there knows where Hunter Biden is”.

And like every year, the keynote speaker at the Best Western across the street

from the Albertson’s, is the head Chief Twit of the faculty lounge, and markets

wait in hushed anticipation of the Delphic cipher Spicoli gets from spirits that

dwell in the mountains and then shares with mere mortals … don’t let young

children, whose brains are still forming, hear any of this cuz it will stunt growth

and lead to gaming, self loathing, and wanting to live in Mom’s basement forever.

Most Monday’s in Summer are slow, but today sees slow look and act like fast,

and markets are dead in the water, no doubt waiting for a sniff of a rumor of what

“America’s Elite” have to say or what they’re up to … talking heads at CNBC are

no doubt rumbling around the trash bins at the Best Western, or bribing bell boys

bringing Spicoli a late evening room service snack … and it all means absolutely

ZERO.

Quite frankly, I don't know what’s worse … waiting on their bullshit to move

markets, or having to read what they say and trying to prevent myself from crying

cuz they’re so inept … a basket of retarded kittens could manage the countries

finances better than these doofus shit weasels.

What all of this means of course for FX today is plenty of “chop”, and my favorite

the “Flying Wedge of Death” [FWD] … throw in mystery ticks, slippage on fills,

and a partridge in a pear tree, and banks think it’s Christmas.

Today & tomorrow probably the worst days of the week trading action wise, with

Thursday & Friday picking up into the weekend on Spicoli bullshit … in any event,

as most readers know, I never trade a market for the PAMM / MAM unless I first

trade it in my own account … today is that day in GBPCHF, and for the most part

everything went smoothly with no major robberies to report by the scumbag LP’s

… most of the very good crosses [majors versus CHF, along with EURGBP] all

having spreads around 1 PIP at both Turnkey & PRIMEXBT, give or take a tenth

of a PIP, and these are the two places I would trade … COINEXX isn’t quite as

good, but you’re really splitting hairs to say you’d suffer there … my main

B.I. Itch with COINEXX is there latency fill times.

IVIX INDEX levels adequate to very good today in GBPCHF, coming in at 58

[11 - 15 server time] and 66 [15 - 19 server time] for the two most active and best

parts of the trading day … and while I’m satisfied with the profits in my account,

given the nature of the day & the FWD showing up, a lot of that M1 movement

was “back & forth” and not involved in any trade signals … but hey, it happens

… there isn’t anything you can point to that’s “perfect”, so you simply take what

they give you and make the best of it.

No trades today in the TURNKEY PAMM / MAM.

Tomorrow sees me start to trade GBPCHF for the PAMM / MAM … as long as the

spread stays consistent, and the LP’s don’t get any hair brained ideas, this will be

a good market to trade … Europe closed now as we head into the New York PM

afternoon … as the data suggests, this is nothing but trouble and should be

avoided at all costs … until tomorrow … Onward & Upward!! 

-vegas