“Guess what Skippy? … everything is on sale today!”
Well now, seems the “euphoria” over just about every market has evaporated
… another amazing coincidence the retail spec community is long “Hoover Dam”
everything up to their eyeballs, and the scumbag banks are short … and once
again, the world learns the hard way that the house always wins … high flying
NASDAQ tulips, gold/silver, crude oil, and a wad of FX pairs on sale today!
Far from being sleepy, Europe shows up today and it’s “Panicville” in just about
everything, especially Cable cuz of some “disappointing” BREXIT news
everybody and their brother knew about but were afraid to tell anybody else
… and down goes Frazier! … hell, by the time oil was ready for the U.S. session,
it was already down $2+ … on sale and about ready to get more on sale … Cable
having a rough go of it today, and all those long positions held above 1.30000
getting worked off the books rather quickly … only 6 short trading days ago,
what a different FX space it was, with rosy forecasts all over the place.
I had hoped to trade oil today, and even with heightened volatility, the bid/offer
spreads holding firmly at 2 cents per barrel … that’s the good news … but with
range exceeding $2 before I even start, where’s it gonna go? … maybe it goes
lower [and did] but the probability of it just sitting here is also high, so I want no
part of this today.
I have stated often about how I prefer to trade dollar pairs in FX … i.e., from one
side or the other, but not from both sides … pick your poison, the banks treat
both longs & shorts equally abusive, and no side is safe from the stop hunts or
front running … what makes Cable today getting wickedly pummeled, is the
overwhelming number of people long the trade … let’s face it, the FX space right
now is a crowded long trade, and the banks are short … amazing coincidence all
this negative news hits now, and was ignored last week, and now all of the
positioned specs are puking … “when does it hit you, that there are NO
coincidences or “accidents” in trading? … everything you see today has been
coordinated, like a well oiled machine''.
One algorithm buy signal today in GBPUSD … PAMM / MAM UP SLIGHTLY LESS
THAN 0.1%
We’ll see what oil does tomorrow, and what it looks like at the start of U.S.
trading … Cable today was Mr. Slim Pickens for buy signals, but the one we got
was the one to take and produced the only halfway decent spike up the entire
European session day … Cable volatility going higher this month, and my only
hope is that it stays elevated … and while the POLS FUBAR BREXIT, just
remember these idiots have had over 50+ months to get this shit done and
finalized, and this is their last chance to fund the mistress funds before
Christmas … oh, it’s good to be a gangsta!
Outta here … until tomorrow … Onward & Upward!!
-vegas
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