Destroying America from within, every year since its inception in 1913 … why
should this year be any different? … the only thing Spicoli and his predecessors
are really good at is destroying the purchasing power of the U.S. Dollar, and
enslaving the entire country in debt that can NEVER BE REPAID … the only
solution is hyperinflation, which the U.S. is well on its way to Venezuela status
… the fact that they are entirely willing to destroy your wealth, savings, and
prosperity for their true masters, tells you everything you need to know about
the “Deep State” … and you don’t get much deeper than the Federal Reserve
… there will be no truth told today at J-Hole, ONLY LIES … how do we end up
with so many corrupt, inept, and genuinely EVIL people running government
at every level?
ATTENTION TRADERS!: “Effective at 10 AM EST, GBPUSD will assume
“Widow Maker” status … quite frankly, as I told readers yesterday, the
“scumbaggery & fuckery” leading up to his speech was likely to see movement
in Cable price … there are no rules in FX … there is no insider trading rule
… there’s NADA! … and hey, leakers got mistresses as well, and do you realize
how expensive it is to stay in J-Hole? … what surprises me to some extent, is all
week long, including earlier today, ALL OF THE FED PIE HOLES are “blah blah,
yada yada” higher rates for longer … yet, markets ignore it and think anything
Spicoli says will be interpreted “dovish” and therefore bullish … and oh how
they [scumbag LP banks] did want those buy stops above 1.18770 in Cable
didn’t they? … well, they got ‘em!
And from the moment Spicoli opened his mouth, Turnkey blew the spread out in
Cable, bid/offer quotes went bat shit crazy [BSC], sometimes seeing 5 - 10 PIP
changes in milliseconds, right along with subsequent slippage I’m sure, and it
becomes untradeable by any reasonable standard … and so here comes the
gigantic yo-yo in price “The Widow Maker” was infamous for back in pit trading
days … straight down, turn on a dime, straight up and take out buy stops … rest
for 60 seconds, and then go straight down faster than “Thelma & Louise” looking
for a quarry bottom … it only hurts when you get the fill! … and all the “Muppets”
that bought Cable cuz “the Dukes know something” before he started speaking,
found out the hard way the “Dukes don’t know shit!” … “Mortimer, we’re gonna
have to have a talk with Mr. Beeks!”
Good grief, what a scam! … over in EURUSD, some ECB Apparatchiks decided
today would be a good day to let loose some 75 bps hike rumors as well for the
September meeting … why not? … why should Cable have all the BSC fun
today? … bottom line is simple … in about an hour and a half, mistress funds
got replenished for August, and so it’s on to the Swiss lake with some extra
needed cash while the world watches Labor Day in the U.S., and Europe takes
a 4 or 5 day mini Holiday … “Ah yes, it’s good to be a part of the Nomenklatura,
the perks of privilege better than any job the Hoi Pollio could possibly imagine!”
And that brings us to the London Fix [yup, somebody is getting “fixed” alright],
where Cable ends up on its ass, with 45 minutes of straight selling off the high
right up around 1.19000 … now sitting OVER 100+ PIPS lower, and a great deal
of traders wondering WTF they got sucked into this shit like they did … go ask
the Dukes!
From the high, to a new low, A NICE FAT DOUBLE REVERSAL … I’ve been saying
for a while, THERE ARE NO RULES ANYMORE … it wouldn’t shock me if it turned
around and made a new high … nothing to see here Sheeple, move along, except
to note that before central bank manipulation via their BFF scumbag LP bank
buds and/or their favorite HFT’s, double and/or triple reversals were quite rare,
happening only about once or twice every 4 or 5 years! … now, it’s like once or
twice every 10 - 20 days!
“Gosh, what happened to all of this JPM & Vampire Squid bullishness pre
Spicoli? … EASY PEEZEE ANSWER: THAT WAS FOR “MUPPETS” TO CHEW
ON!” … but I will remind readers that historically, Double Reversals [unless they
go triple and go the other way again on their merry way] rarely have legs to
extend the day’s range in the double reversal direction … usually it’s just a stop
hunt, killing those again who refuse to believe, getting them to buy/sell the
top/bottom before moving back to the middle for yet more pain … now just
passing NOON EST, with Europe closed, who wants a piece of this hot,
steaming clusterfark of an FX mess in Cable? … ATTENTION TRADERS!:
“The Widow Maker” status has officially expired in GBPUSD … all of the
scumbag LP banks and/or HFT’s that took your money want to thank you for
your participation! … now, Cable back to some semblance of “normal”
whatever the Hell that means anymore, conditions much calmer now that
Europe is closed.
For the vast majority of my readers, the trading algorithm version 3 can’t be
utilized properly cuz LP’s simply won’t allow traders to scalp without taking
countervailing measures, like blown out spreads AND increased slippage
… maybe you have a house that is different, but I haven’t found one yet … most
are like Turnkey, and believe me, Turnkey is by no means the worst of the lot
… they just happen to be “typical”.
Having said this, I think the vast majority of readers / traders will find the
“day trading” algorithm [which I will release this Sunday in the blog update] to
be “right up their alley” … very simple in construct, very simple to follow the
rules, AND IT IS EXCEPTIONALLY DEADLY in modeling the turns, BOTH BULL
AND BEAR … this is the algorithm I designed and created specifically for the
Mrs. & “Miss Gimpy”, who having experienced scalping clusterfarks not of their
liking in EURUSD & DOW30, wanted something that got just a little away from
scalping and more towards “day trading” and riding a short term move, all the
while having the option to scalp if they deem it necessary, and be able to do it
in multiple markets where it works equally well [“oh, is that all? … anything else
you’d like while I’m at it ladies?”] … and from watching it closely in multiple
markets this week while Cable diddle farted around, IMHO it works equally well
in ALL OF FX, ALL “STOCK BELLIES” CFD’S, AND CRUDE OIL … it’s “day
trading”, but could be “scalping” if a trader oriented himself/herself that way
… can be equally used both long & short … you can use the Netdania 30s
charts if desired, but you don’t need to, as the M1 candlestick is enough … has
a very good reward / risk profile, and there’s no mystery to where your mental
stop should be if a “false positive” trade shows up … on the other hand,
depending on your risk profile, the algorithm will allow you to “let the pony run”
for bigger profits as well.
I’m gonna say it right now, and it’ll be repeated in the algo manual … CHANGE
NOTHING … don’t add indicators and don’t subtract indicators … FOLLOW THE
“HOOVER DAM” RULES! … do not allow yourself the luxury of “making shit up
as you go along, and “this time” it’s OK to double, triple, or quadruple up losers!”
… in other words, don’t do “Stupid Shit!” … it’ll be up and posted sometime on
Sunday … enjoy!
Post Spicoli, which forget about the PCE horseshit released at 8:30 AM EST, only
one algorithm BUY SIGNAL trade in GBPUSD … TURNKEY PAMM UP SLIGHTLY
… fact is/was, trading conditions were so horrible after the Head Lounge Lizard
started speaking, I had to pass on frequent signals for quite a while … the
bid / offer spread in Cable at Turnkey got so bad, at one point it was just below
5 PIPS … bid / offer quote changes coming anywhere from 3 - 10 PIPS in
milliseconds, meaning slippage was “out of control” … and in this kind of
environment, you simply gotta walk away or you’re throwing money away.
I’m using in Cable, the same trading algo I’ll be releasing Sunday … I kept
volumes low today cuz of the BSC conditions, but next week they will go up as
we return to normal … for this particular trade, I was in “scalp” mode cuz the
algorithm was under a very specific trading circumstance … knowing how Cable
was trading today, and that it was dancing around the edges of being “The Widow
Maker”, I knew that when price rallied, when it stalled going up, I had about less
than 10 seconds to hit “liquidate” or I’d be seeing slippage on a red spike lower
… and after a few seconds of not doing Mr. Jack Squat, I didn’t hesitate in GTFO,
and got filled less than 1 PIP off the high of the M1 … 15 seconds later it was 10+
PIPS lower and running down … I’m a little bummed we had to wait so long for
decent conditions, as it kinda caught me by surprise we’d see this level of VIX
for as long as we did … but never underestimate central bankers for fucking up
and saying one thing one second, and then contradicting themselves 15
seconds later [yes, like Biden!] and sending markets on a yo-yo roller coaster
ride from Hell … and lo & behold, that’s what we got.
Blog update on Sunday … 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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