Well now, that escalated quickly didn’t it? … thank goodness for weekends and
the ability to stall for time … does anybody believe the SNB saved the world’s
financial system? … and as is usually the case from the Asian session,
Mrs. Watanabe & Gal Pals along with the Chuckleheads bid up gold to over
2K per OZ., in an orgasmic fury of FOMO, resulting in a nice top once Europe
opens … now $30+ lower, I guess you got to really love it here! … same shit,
different day.
Same panic gets played out every day now, almost as if it’s planned … shit
gets slammed in the Asian session, and by the time the money launderers in the
U.S. hit their desks, everything has changed and like a miracle everything but
gold is bid higher … Hell, you’d never even know there was a “financial system
problem” unless somebody told you so … quite frankly, if you’re a position
trader, I don’t know how you keep any sanity given these tsunami waves of
buying / selling, hitting all of the 3 world sessions, and expect to have any capital
left once the manipulators are done … an absolute clusterfark, about ready to get
worse come Wednesday, when the Lounge Lizards pitch in and FUBAR
everything all over again.
Just looking at weekend news and the clusterfark of the UBS / Credit Suisse
shotgun wedding, you had to know Sunday night’s open was gonna be potential
fireworks going into the Asian session … but at least initially it wasn’t … I wake
up and hit my screens, and everything is bat shit crazy [BSC] and ranges blown
to shit … once again, order books destroyed before the sun even comes up
… and then pretty much everything died … this day in the New York session a
complete joke … crisis? … what crisis?
Almost the entire late morning into afternoon, the “Trading Ratio” [TR] below 3 in
USDJPY … just pathetic trading action given the news flow … ditto with other
pairs as well … “Asia flies, the rest of the world dies” … multiple algorithm signal
trades today in USDJPY … PAMM DOWN SLIGHTLY … slippage on fills today a
very big problem … collectively, down slightly more than a Happy Meal … ALL OF
IT, due to slippage … both entry and liquidation a nightmare … algorithm signals
did perform well, but as I’ve said before, the logistics of the trade matter more
than anything … tight spread is nice, but on days like today when nothing is
happening come New York, the LP thieves sharpen their knives and get their cut
with slippage … F-ing scumbags, but tell me something I don’t already know.
… 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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