THE FAT LADY IS SUPPOSED TO BE SINGING

 

“It looks & feels like the “shit weasels” might be having 2nd thoughts!”

“Grifters gotta be grifting”! … Well now, with yesterday’s “euphoria” over a

“supposed” BREXIT extension, today sees the usual shit weasels in

government having second thoughts … “what’s a BOJO to do”? … today sees all

the E.U. apparatchiks arriving in Brussels for another useless confab of bullshit,

that will only see expense account charges go through the roof, but stopping

along in front of some whores in the MSM long enough to give their opinion on

BREXIT so the mistress fund can be properly furnished … and every time one of

these PIE HOLES opens up, Cable wobbles … but wait, I thought after yesterday,

a “deal” was a “sure thing”? … guess again Skippy, cuz you’re talking about

POLS … maybe somebody didn’t make that Bitcoin payment like they were

supposed to … in any event, the fat lady was supposed to be singing by now, but

the fat lady has disappeared until later … “this is what happens when anything is

left to crooked POLS & Apparatchiks to get things done”! … you’d think people by

now would have learned, but they never do … trusting ANY of these asshats to do

the right thing is asking the impossible … follow the money, it’s your only hope!

Meanwhile, over in DAX30 land … “hey Bro, you mad”? … yesterday you couldn’t

get the index to move 50 points to save your life … today sees “Thelma & Louise”

on steroids, as within an hour of the European open, the index has about a 400

index point range to the downside … apparently, the talking heads are blaming

no stimulus from the U.S., as well as rising numbers of the CHICOM WUHAN

KUNG FU FLU … “right, and we’ve known this for how frickin’ long”? … what a

bunch of lying, deceitful, bags of shit! … how about too many specs positioned

LONG, and maybe a bunch of lying Apparatchiks that fed you a big bag of shit

yesterday suggesting the deal was done? … how about that? … report that shit

weasels!

And so, today sees more “double cross” antics in financial markets than a good

murder mystery … and the way things are going, don’t be surprised if a few

bodies show up somewhere after it’s over … you know, the Clinton Crime

Family’s favorite “Arkancide” tricks of drownings, car accidents, & private plane

crashes with just a twist of Brit ingenuity … and, wouldn’t it be a “miracle” if

BOJO & wife number [insert number here] can finally afford a Nanny? … gosh,

wonder how that might have gotten arranged?

So here we are in “The Widow Maker”, and all the ingredients are here for some

“widow making” thanks to the Apparatchiks on both sides of the BREXIT

clusterfark … could have been easily negotiated, solved, signed, sealed &

delivered years ago, but who really wanted that? … nobody … too much money

to be “skimmed” off of FX for that to happen … and the “shitshow circus” shows

no sign of letting up today, tomorrow, or Monday, as GBPUSD slows to a

“dead crawl” until the next planted “sources close to the situation” rumor comes

flying out of Reuters or Dumbberg and the banks can skim MOAR! from gullible

dopes who think they can beat the banks to the punch … right, let me know how

that works out, OK? … the only thing that’s gonna get “beat” is your head up

against a wall!

Quite frankly, I’ve been around FX for too long to simply “go for the worm on the

hook”, just cuz a single or group of POLS “hint” something is gonna happen

… I’ve never trusted them for a second, and for sure don’t now, so waking up

early this AM for the European open, I’m not at all surprised or shocked the shit

weasels have played the “double cross” to perfection … and who’s to say later

today, they don’t switch it up again, and everything is “roses” for the ‘ol

“triple cross” right up your donkey? … why not, all it takes is some bags of cash

for the right scumbags, and watch how fast chicken shit turns into chicken

salad! … stay tuned!

The European session turns into a vicious “chopfest” … all the trading action in

late Asia and the first few minutes of Europe’s opening, and after that it’s a

bucket of hog slop … and in case you’re wondering, the trading algorithm

specifically designed to AVOID “chop”, cuz when “chop” starts to show up,

algorithm parameters very quickly devolve into working against each other and

thus negating any trade or position that isn’t highly probable for success … and

today sees that vicious “chop” on every piece of bullshit rumor scumbag POLS &

Apparatchiks care to throw around … what a disgusting display of greed.

And so here we are again … can we just get this scam the hell over with & done?

… good grief what a nightmare … makes me want to join an anarchist group for

leadership … talk about self-serving spineless Wimps, both the E.U. & Britain got

their fair share of ‘em.

Not that it would have mattered at all if I was still looking at the DAX30, instead of

Cable … everything over & done with by the time I’m warmed up, and nothing but

bullshit to spread from Europe to the rest of the world over the rest of the day

… what an absolute crock.

No trades today in the TURNKEY PAMM / MAM.

What is it I’m supposed to do with more trend changes than grains of sand on a

beach, and every “dog catcher” on the other side of the pond is waxing eloquent

on BREXIT? … jerk up, jerk down, rinse & repeat … having fun? … “well no

actually, I’m not! … for cryin’ out loud, get this shit done will ya”? … maybe some

clarification before the weekend and the end of trading tomorrow … would be

nice, but don’t count on it, cuz we’re talking about shit weasel POLS who have

their hand out … “this whole BREXIT “thingy”, a walking endorsement for

dictatorial rule … where’s Saddam when you need ‘em”?

Onto tomorrow … outta here before my head explodes … Onward & Upward!! 

-vegas

MR. MARKET: “PROVE ME WRONG”!

“Meet Mrs. GBPJPY: You’re just gonna love her!”

“Oy, on steroids: I think I hear the recruiter for the circus calling, although last time, they told me my trading background disqualified me for any position that required dealing with the public”. Can the trading action this week be any more 1) choppy, 2) treacherous, 3) temperamental & “bitchy”, or 4) all of the above? No doubt, I’m voting for #4; while not quite another “Flying Wedge of Death” [FWD], today is no “winner winner, chicken dinner” either.

Today, we can thank none other than one of the political hacks in Brit “quasi-government” [that would be the BOE], who in a speech to college students to no doubt extol them on the virtues of government service, basically “lectured” the financial community for not taking future rate hikes more seriously. Wait … what? I find it highly ironic that a BOE voting board member thinks “analysts” don’t take rate hikes seriously, when for the last 10 years the entire FX analyst community has been wildly bullish on rate hikes each and every month, all the while being wrong every month since the BOE, up until a couple of Thursday’s ago, hadn’t raised rates since 2007! But seriously, don’t let kids growing up read any of this garbage, cuz it could stunt their brain development.

Well, a market very much in “need” of some kind of catalyst for screwing with stops [as is always the case with the crosses], it immediately finds one in the Brit Pie Hole’s comments, and so in 38 minutes, from 9:29 to 10:07, GBPJPY rallied smartly up about 50 PIPS. And guess what? Yup, you guessed it, the rally can’t hold, and we start the slow, tortuous descent from the day’s high to where we are now, which is hovering just below the day’s 50% retracement range level … “Oh joy, what the hell am I supposed to do with this? Another 30+ PIP move that can’t be sustained, just like all the rest of ‘em the entire week. No, it’s not a FWD [yet], but very much another small range day that has no impetus to go anywhere for longer than 5 minutes without wanting to reverse smartly and head back the other way”.

For one of the few times this week, we did get a good algorithm buy signal off the first move down after the rally. Directly below the trade.

What guided me in this trade was the following: “prove to me Mr. Market, that you can move somewhere, and not just chop around randomly … go somewhere with authority”! And the market just yawned and said, “I don’t think so”. When the market broke down below 149.20, I had the same feeling I have gotten all week on these retracements; “Oy, that’s all folks”! And here we sit hours later sub-149 again; all the while the SP500 has recovered 20+ handles from overnight lows, so don’t anybody tell USDJPY, which isn’t playing along today and has gone below 113 [again], and sits at 112.90 as I write.

In the macro picture, take a gander at the weekly GBPJPY directly below for some perspective. The chart sums things up nicely.

It isn’t often you get 3 weekly “Doji’s” in a row, especially where no Holiday period is in sight, and I might add, after the first rate-hike in 10 years.

As I wrote yesterday, it’s very easy to fall into the trap of thinking GBPJPY has died for the day, so I’ll just buy the dips and sell the rips and make some easy money; that works until it doesn’t, and when the “doesn’t” shows up, that trade you’re in is gonna cost you 50+ PIPS [if you’re lucky] … the other 9 that you made 5 – 6 PIPS in, is now down the drain, and you’re breakeven. “Guess what? I can get break even by just sitting here and avoiding the mess with zero risk”.

Tomorrow sees no data release for Japan or the U.K., and very little in the U.S., so I don’t know what drives this stuff that could possibly break the “Doji swamp” we find ourselves currently in via the weekly charts. But, it is what it is, and we deal with it.

I’m outta here … until tomorrow. Onward & Upward!! PAMM spreadsheet directly below.

Have a great day everybody!

-vegas

OUR TURNKEY FOREX “PAMM/MAM” IS NOW OPEN AND OPERATIONAL; SEE “PAMM/MAM MONEY PROGRAM” IN “DOWNLOAD LINKS” SECTION IN RIGHT HAND COLUMN FOR DETAILS [VIEW ONLINE AND/OR DOWNLOAD] AND START YOUR JOURNEY FROM WHERE YOU ARE AT TO “ESCAPE TO SUCCESS”!