I can’t even begin to tell you how frickin’ pathetic Preezy Depends presser was
yesterday … quite frankly, every dictator around the world looks at this pathetic
figurehead and wonders how to take advantage … the “U.S. of China” is truly in
deep, deep shit with this bumbling, corrupt moron and his “Manchurian
Candidate” VP standing behind door number 2 wondering what the best way to
get rid of this assclown should be … my guess is, that there’s better than a 50/50
probability he never gives another press conference again … yes, it was that bad
… so let’s just pretend he got 81 million votes, OK?
Then there’s the “state run” MSM, which if this were North Korea it would be
understandable … another let’s pretend moment … let’s pretend the MSM aren’t
activist hacks, OK? … nope, sorry … can’t swallow that kool-aid … what an
embarrassing display of journalistic malpractice … if it weren’t for double
standards, they wouldn’t have any!
And last but not least, let’s pretend the world has financial markets … were they
closed today? … I don’t even know how to describe FX today, other than it was in
the running with Preezy Depends for most embarrassing bullshit I’ve ever seen
… Cable for it’s part just a shambles of nothingness, as trading conditions were
so bad during the European session, for hours on end the bid/offer in Cable
wouldn’t move … like in ZERO! … for 15 - 30 seconds out of a minute, and this is
with a major FX pair, during supposedly the busiest time of day, with a spread of
less than ½ a frickin’ PIP! … and then of course cuz they can, in 3 seconds it goes
7 PIPS but then dies … yup, welcome to the world’s deepest markets, except
when they ain’t and nobody gives a shit on a Friday … to call this day, right along
with the entire week, a flaming bag of dog shit, is an insult to flaming bags of dog
shit! … I seriously can’t recall just how bad it has become on some days … and
then there’s gold, which if you bother to look, you’d have to scour the daily chart
archives going back years to find a worse 10 trading day stretch it’s currently in
now … some of the most vicious spikes up and down with no follow through
whatsoever, that come and go in seconds, all arranged and taken advantage by
the scumbag bullion banks … if you’ve attempted to trade gold in the last 2 weeks
you have my deepest condolences … another market that insults the flaming bags
of shit!
Then there’s crypto, where what you’re looking at versus 5 or 6 months ago in
these markets, has become a total FUBAR, grade A+ Clusterfark of widening
spreads, no volumes and even less liquidity … you’d be better off picking roulette
numbers in a casino … this space is suffering from some serious loss of market
participation, especially in the alt-coins, and since both BTC & ETH have exploded
in price, they’ve become manipulative vehicles by “whales” every bit as bad and
nefarious as the central bank manipulators have been since 2008 in FX … nothing
is as it was 6 months ago … nothing … and I might add, not for the good either.
Again today, I get to my screen right after the European open and Cable is at
1.37700 - ish … 10+ hours later, it’s at 1.37760 ± some worthless PIPS, and for the
third day in a row, this market can’t get past about 20 PIPS in either direction
… down to a half, up to 90, then the bullshit Covid news spike, that got faded
faster than Biden’s memory, which saw the high above 1.38 … then as if by
“magic & coincidence”, here comes a PIE HOLE from the BOE saying looser
monetary policy tools are still available … apparently, the BOE got a call from
some scumbag banks and told them they needed Cable lower into the weekend
to cover the shorts from the rally I’m sure the spec public bought with both
hands … and after reminding them where that Bitcoin is coming from, here
comes the PIE HOLE … just another manipulative day at the office!
And like I said yesterday, we’re approaching the Easter Holiday, and it’s about the
only thing keeping me from playing in traffic, cuz I know historically how bad this
time period can be … and oh boy, has this week been bad from a trading action
perspective … hey, at least it’s not gold!
In the European session, we got ZERO algorithm signals … count ‘em! … ZERO!
… outside of the bogus Covid spike, there wasn’t enough trading action to
generate a squirrel fart, let alone a buy signal … the algo came close 3 times, but
the algo parameters simply could not sync up for a signal … and quite frankly, the
algorithm was designed this way to root out “chop chop” and save money, and it
did its job … it is what it is, I can’t make this shit move … and if you think this
week was bad, next week could be multiples worse, especially towards the end of
the week … not prediction’, just sayin’.
No trading in anything today … even crypto a disaster … it’s either a runaway
freight train with no offers [going up], or with no bids [going down] … and quite
frankly, BTC is a complete disaster, with extremely wide spreads and every turn a
panic of some sort, and the reward / risk ratio is simply terrible … in its present
state, BTC simply cannot be scalped or traded for quick profit … simply too much
risk when it turns against you and could easily run $500 in seconds.
Working on the algo manual this weekend … for now, I’m outta here, and let’s
hope next week isn’t the disaster it might be … “the future’s so bright I need
sunglasses”! 😎 … Onward & Upward!!
-vegas
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