The ChiComs spin Vanna’s magic wheel, and Monday’s “theme/meme” here in
the world’s largest casino, is gonna be “Risk Off” or Recession … and right from
the “get go”, down goes everything, except the dollar … the entire financial world
scared to death of POLS & hapless Apparatchiks at the controls as they quickly
try to rearrange the deck chairs in first class on the Titanic … “sell first, ask
questions later!”
Sure, incompetence & corruption is at record levels, but it’s hard to find a more
complete bunch of “Bumblers”, other than Biden, than at the ECB … “hey, how is
that “talk” every single day about 20 times, of rate increases, helping the hapless
EURO”? … and those sanctions “hurting” Russia, how’s that going? … yes great
idea, back a completely corrupt failed comedian in Ukraine, and at the same time
bankrupt your entire economy cuz your entire energy infrastructure is provided
by Russia! … brilliant! … and even before hostilities, Trump pointed this out and
your “Elites” laughed at Trump cuz what does he know, right? … “Still laughing
POLS in Germany & France”?
So it comes as no surprise to see EURUSD under pressure … problem for the
market right now, though, is that everybody and their brother is short EURUSD
… and if they’re all short, who’s long on the other side? … that’s right, scumbag
banks … and for those of you that haven’t figured it out by now, the same
problems traders have being long, is exactly the same group of problems they
face on the short side … there aren’t any “layups” or “gimmes” in trading … and
just so you know how utterly corrupt this casino is, EURUSD can’t do
Mr. Jack Squat from the long side today, until right before the “London Fix”
… that magical moment when world banks get to royally screw corporate &
institutional customers blind, and then get the customers to say “thank you Sir,
may I have another”? … to which the banks say, “Sure, see you tomorrow”!
Dunno if the “par level” in EURUSD matters or not … does it produce more selling,
or is it the level everybody starts covering … If Vlad is the greedy capitalist I know
he is, he’ll buy billions in EURUSD, then cut a deal to provide Natty Gas to
Germany on humanitarian grounds for the upcoming winter … Boom!, where’s the
offer to get me out? … WHERE?
The directional indicators on the MT4 m5 are so totally awesome, I’m doing a
total rewrite of the trading algorithm to version 3.0, which will be out this
upcoming Sunday … when something does better than what you got, you’re an
idiot if you don’t incorporate it into your algorithm … ALGORITHM PARAMETERS
for the M5, are on the July 6, 2022 blog for those that need them, and the 2
parameters can be downloaded over in “Download Links” in the right hand
column … finally, I got no ego on the line here, I’m ALWAYS LOOKING &
SEARCHING FOR BETTER! … and btw, I would leave FX alone after the London
Fix, unless there’s a very good reason to stay in and trade … sometimes there is,
most times there isn’t … one thing you can count on with absolute certainty, is
that after Europe closes the virus scum of Wall Street [JPM, Squid, Citi, etc.] take
over until China opens around 9 PM EST to start the new day, and their only
mission is to screw you any way they can … you’re on the bad side of town,
with no gas in your new Porsche at 3 AM! … How’s that usually work out? … so
if you choose to trade during this 9 - 10 hour period, don’t be shocked if “bad shit”
happens to you.
Directly below, EURUSD on the m5 today, from the Asian session midday
[07:00 - 08:00 Turnkey server time, Midnight - 1 AM EST] to the “London Fix”
[18:00 server time Turnkey, 11 AM EST] … both indicators “pink” market trend is
DOWN … both indicators “sky blue”, market trend is UP … I challenge anybody
to find me a faster trend change, so that I’m approaching the market from the
correct side for profitable scalp trades trades.
Cuz of the one way directional movement of EURUSD down for almost the entire
day, long position opportunities were very limited … and I chose not to get long
near the London Fix for obvious reasons at the end of the European day … only
one algorithm buy signal today in EURUSD … TURNKEY PAMM UP SLIGHTLY
… our fills today right on the market, with excellent latency, so tomorrow sees
increased volumes, as well as trading from both the long side and the short side
when appropriate … “Trading Ratios” [TR] have been excellent, pretty much above
5+ all the time, even if trend has slowed or is changing … I’ll be up earlier starting
tomorrow, so GiddyUp! … onto tomorrow.
… 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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