“USEFUL IDIOTS” UPDATE

“So many to choose from, it’s very hard to pick a clear winner!”

“In political jargon, a useful idiot is a derogatory term for a person perceived as

propagandizing for a cause without fully comprehending the cause's goals, and

who is cynically used by the cause's leaders” … so says Wikipedia … for you

Obama voters & Libtard apologists, don’t look too hard into the mirror after

reading this first paragraph, it may cause further brain damage.

For my money, it’s a tough call between “Commander Red”, the Antifa Dimwit who

was caught by police, and then collapsed into a fetal ball and started crying

[where’s John Wayne when you need him?], OR King Lebron of the NBA

hypocrites, who whine & complain and ultimately end up exposing themselves

for the dopes they are … and then there are the useful FX idiots … they’ve been

around forever … and when they lose all of their trading money, they become

“analysts” so they can tell everybody else “how it’s done” … good grief, so many

good entries, how am I supposed to pick a winner today?

Cable coming out of the Asian session would have seen an utterly abysmal IVIX

INDEX level if it hadn’t been for the last hour move lower in price … as it was, it

limps into the European session in the low 40’s … first half of the European

session saw better M1 ranges, but the action confined to very narrow ranges, as

the market awaited the ADP report out of the U.S. at 8:15 AM EST … a big

disappointment here, that should have seen FX pairs move higher, but instead

Cable heads lower … quite frankly, too many longs are in the market positioned

for further gains, and it’s a crowded trade at the moment … and of course, sell

stops now become an issue, as the scumbag LP banks go “stop hunting”

… better IVIX INDEX levels seen in the 15 - 19 server time frame … 11 - 15 = 64,

and the 15 - 19 = 82 … problem is, most of the action to the downside in a straight

line … however, we did see about a 2 hour window today where algorithm signals

became active and ready to go on the buy side, before Europe closed for the day

and action literally died in its tracks.

One algorithm buy signal today in GBPUSD … TURNKEY PAMM / MAM UP

SLIGHTLY LESS THAN 0.1%

Trading conditions better today, but still not where they need to be … it’s good to

see us out of stinky August and into the Fall, and conditions should get better

going forward … can’t complain about the IVIX INDEX levels, but the market

needs to go somewhere, instead of constantly chopping around in a 5 PIP range,

until the banks are ready to move it one way or the other … in other words, order

flow needs to improve … today a good start back to normal conditions, and

hopefully conditions improve further still.

Outta here early today … until tomorrow … Onward & Upward!! 

-vegas