Calling this “pathetic” would be an insult to language … going on 4+ hours from
the European open, and EURUSD has got a 20 PIP range from the tips … much
worse than that if you’re looking at the action … “Flying Wedge of Death” [FWD]
much? … sun coming up in New York, and it doesn’t look & feel like anybody
cares … all you can do is laugh, otherwise you’d be crying.
One move down and one move up at the London Fix, just to screw with buy stops
… other than that, another Monday of some of the worst trading action you’ll ever
see for a non Holiday … literally trapped between about 60 to 80 the entire day in
EURUSD, and the other 2 not much better … and if you think I’m entering trades
inside a 20 something PIP “Flying Wedge of Death” [FWD] over 8+ hours, think
again … it’s not any of the small winners, it’s the moves out of the range that kill
accounts and traders cuz you can’t make the loss back … and once they tag you
with that loss, Bingo!, Bango!, Boom!, here comes the reversal at the speed of
light that will piss you off to no end … hop on that, and it stops and retraces, and
now how do you make anything back? … and that’s the problem with these rinky
dinky ranges, and banks screwing order flow … you simply can’t get anything
going without taking a ton of risk, and once you go down that road they got
you! … maybe not today, but a day coming up!
Sure, the 15s gave off signals in EURUSD, tons of ‘em … so what? … they gave
off a ton of “false positives” as well … so if you got mixed up in this clusterfark
of a trading day, what have you gained for the risk? … heartburn is what you
gained … the daily candlestick chart looking like a pencil smudge … nothing to
do but realize that lately, both Mondays & Fridays are bags of shit for trading
… small ranges, terrible European session trading action, and generally no
interest in anything RE FX … why should this Monday be any different?
This day simply a waste … nothing more and nothing less … onto tomorrow,
and hopefully EURUSD can move somewhere … no trades today in anything cuz
there is nothing to do inside a 20-ish PIP FWD for the vast majority of the day
… nice of the banks to screw buy stops literally right before the London Fix
… coincidence I’m sure, right? … yea, go with that … and 2 hours later we’re
only a handful of PIPS away from where we were before the stops got hit … now
into the New York afternoon, and this day is over … ughhhh!, put a fork in it, it’s
dead!
… outta here … “The future’s so bright I need 2 pairs of sunglasses 😎😎, and
my own Brinks armored truck” 💓!! … Onward & Upward!!
-vegas
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