THE “WIDOW MAKER” HAS RETURNED

 

“That day Peter Griffin discovered “easy money” in GBP markets!”

Well now, the infighting across the pond has gotten a little ugly … BOE head

Lounge Lizard says he never promised a rate hike … traders across the spectrum

upset cuz his messaging suggested otherwise … what really happened? … EASY

PEEZEE: “looks like somebody didn’t get their “skim” cut … whether POL or

Apparatchik matters little, this is what happens when the Elites don’t get their

cut on time”.

At least for now, VIX has returned with a vengeance to both Cable & Cable/Yen,

and while overnight action in Asia was subdued, Europe was having none of the

relief rally plenty were hoping for … and the trade right now is nothing more than

a coin flip, and the danger here for longs are the red spikes down with a

viciousness that smells of panic selling … cuz when the very brief rallies falter,

KABOOM!, down goes Frazier … and if you’re hitting the sell button after the turn,

don’t expect the scumbag bank to do you any favors, and expect the slippage

hard to swallow.

NFP did nothing to FX but only briefly … long enough for scumbag banks to make

coin in the first 5 - 10 minutes post report via fills off the market, but since then

it’s “Deadsville” … NFP to the London FIX a dreadful 50 PIP range and that’s from

the tips … spikes from hell all over the place, and if you had a nickel for every

shitstorm spike that went nowhere, you wouldn’t need to trade you’d have enough

money … that’s how bad it is, and I’m not sure it’s gonna get much better anytime

soon … let’s be clear here … the BOE screwed the trading community good &

hard, and going forward it isn’t gonna be pretty in Cable markets … this is as bad

for trading as I’ve ever seen it … quite frankly, although not nearly as dramatic in

scope as the 1992 Soros affair in Cable, and their respective crosses, it took 5 full

years for the Sterling markets to recover … 5 years! … then BREXIT, which F-ed

Up Cable good & hard for another 4 - 5 years … now this from the BOE, and who

knows how long it’s gonna take for Cable to recover when traders don’t trust the

central bank as far as they can spit.

Every second since the NFP report, right into the New York afternoon, it’s been

nothing short of screw order flow and “fade ‘em” good & hard … straight up, turn

on a dime, then straight down, rinse & repeat … what an awful market today, and

just by watching bid/offer quotes fly by, the slippage is terrible … I expected

better today from Cable markets, but it is what it is.

Over in crypto, the deadest day of the week by far … DOT with a sub par range by

over 35%+ from its 20 Day Range MA, and it looks like crypto traders worldwide

are taking the day off … BTC simply horrible trading action, as it continues to

slip against the alt-coins.

No trading in anything today … GBPJPY post NFP a total joke yo-yo “Flying Wedge

of Death” [FWD] inside a 50 PIP range, and crypto basically sleeping … the M1

trading action atrocious in DOT, and that kept me on the sidelines … oh well, it

happens … simply move on to Monday. 

Blog update on Sunday … outta here … “the future looks so bright, I need

sunglasses”! 😎 … Onward & Upward!!

-vegas