Three of the richest, and most vocal opponents of the creation known as the
“Federal Reserve”, died on board the Titanic … one of the chief funders of
building the vessel, was J.P. Morgan … he happened to cancel his trip at the
last minute … within a year, the FED was created … within a year of that WWI
started … JFK tried to have the FED eliminated … he got assassinated … and
now, the world is being flooded with dollars to save the stock market.
I said yesterday, that the FED doesn’t like specs at all … it also doesn’t like those
banks who get greedy, feeding off the government tit … which brings me to
yesterday’s article over on ZH, about the founder of the modern day “repo
market”, who had some chilling remarks about the fate of the stock market,
credit market, & the repo market he helped invent.
Here’s the money quote … “Pozsar has a simple theory: "dealers and banks
loaded up on collateral as a trade – a trade they were supposed to be taken out of
by eventual coupon purchases by the Fed." In other words, here is a former Fed
official admitting that banks were purchasing Treasuries as nothing more than a
QE frontrunning ploy, something which the Fed has previously sworn was never
the intention behind QE”.
Directly below, the link to the article, if you want more mounds of Wall Street
bullshit.
And who has been screaming this for months and years? … and so, greedy
banksta’s wanting more is the heart of the problem … “gee, who could have ever
seen this coming”? … just more proof of the money laundering, Ponzi scheme
bullshit being perpetrated every fucking day on Wall Street, from the exchanges
right up to the corporate trading rooms, & beyond to the windowed offices
… where almost every single person in any capacity of power does not want to
see it end, cuz they love the bags of cash in the garage, or the crypto sent to
there BTC wallets [bags of cash are soooooooooo 20th century] … it will never
end until this criminal system run by the FED is ended, and they are put out of
business … and for that to happen, there will need to be a revolution … when that
day comes, and it surely will, people will chime in and say, “only if we had
known”! … yea well, you’ve been warned, and while nobody protests higher
stock prices, their criminality has been exposed and you don’t care … up & until
it hurts you, but then it’s too late!
Today sees mounds of horseshit being propelled at high speeds, starting exactly
at 2 PM EST, with the results of the FED interest rate meeting, then the Spicoli
presser afterwards, where we await the biggest faculty lounge Twit putting his
foot in his mouth … hide the kids, and don’t let them listen, cuz it will stunt brain
growth and lead to mumbling & stumbling around in circles. For the rest of us,
it’s just another day of manipulation, so what’s new here?
This is the 3rd day straight, trapped inside of last Friday’s euphoric range of ,
“Everything Is F-ing Awesome, Baby!”, and has led to some very choppy, and
less than ideal trading conditions in the “Tulip Bulb 30” … just part of the plan to
kill VIX … the banks get the MT4 indicators to do whatever it is they want, pull
people in, then pull the plug … it’s then reverse to the other side, where like
“Pavlovian dogs”, they know with almost 100% certainty the collective spec
community will puke … rinse, repeat, and how’s that trading education coming
along? … “in case you haven’t figured it out yet, this is what’s called a “gamed
financial system”, where you don’t even know you’re the one being gamed”.
Fun & games at the NYSE open, as price gets jockeyed around worse than a
hockey puck … no worries, though, the manipulators are in charge and nothing
bad can happen … it’s FED day, so “one way” moves up & until the “Twits” have
their say at 2 PM EST is highly unlikely … what you’re seeing pre FED is pure
position squaring and running of spec stops, simple as that.
And right along with the killing of VIX, comes the “Flying Wedge of Death”
[FWD], which does more to decimate spec accounts than any other phenomena
you can name … “it isn’t the wild days that kill accounts, it’s the ones that go
back & forth from high to low OR low to high, where stops get run at the tips and
the banks & large hedge funds are there for the slaughter … people then
double / triple / quadruple up the other way to get back to even, inside this
nightmare, and can’t get out of their own way cuz the range isn’t expanding … the
only thing “expanding” is the loss … and as time ticks by, the pressure for it to
move becomes intense, and when it doesn’t you start seeing traders do really
“stupid shit” … and that’s how low VIX kills accounts, and don’t think the
manipulators at the FED don’t know this … they sure as hell DO know this … all
for the banks benefit and your loss”! … I’ve seen this so many times over my
career it’s frightening, and the number of traders that fall into this trap, way
higher than you would think!
You have to understand what lies at the heart of the issue here … they [the
manipulators] are not letting traditional / conventional markets trade … they are
attempting to abort the normal “fear & greed” cycle that permeates crude oil &
crypto cuz they are outside FED control on a day-to-day basis … not so with FX &
stock indices … what transpires after panic, whether up or down, especially in the
stock indices are 2 equally important criteria … 1) there is very little follow
through in market movement, unless the “news” is heavily positive or negative,
and 2) their manipulations “trap” longs at the top, and shorts at the bottom, and
it’s a sloooooooooow squeeze the other way to another mini panic on the upside
or “Thelma & Louise” on the downside … rinse, repeat as often as necessary to
see to it you have no account left, cuz the bank has all your money.
And what they depend on more than anything are 3 things; 1) you will follow
traditional technical indicators cuz you’re too stupid to not know they don’t work,
2) you still think everything is random and that there is a thing called
“fun-durr-mentals”, and 3) you for sure have no clue how “Probability Theory”
fits into trading and how to make it work for you … add it all up, and they feel
pretty confident that “your money” is really “their money”, you’re just borrowing
it for awhile until it sits in their account.
I will readily admit, I’m extremely pissed at myself for not recognizing the
financial trading paradigm shift that took place in February 2016, and how it has
metastasized like a cancer cell into all of the financial markets traded online, with
1) the complete beatdown of the precious metals into obscurity, 2) the complete
beatdown in VIX in FX, as central banks coordinated every single item on their
agendas with each other, all to the detriment of specs trading FX, and 3) the
complete, and now overt, FED manipulation of the stock market that makes it an
“88/6/6” paradigm … of course, nobody sent out some emails to tell us trading
professionals about this … we were / are the intended targets! … and while it led
down some dead alleys, and took some time to get adjusted to the “new way”,
now that we’re here a couple of years later, the horses are out of the barn and
can’t be put back … the FED has tipped their hand … the “game” is what it is, and
the new rules known to those that pay attention!
You’d better understand the psychology of the situation, if you intend to trade for
a living, otherwise keep those resumes handy … trading the DOW30 during the
NYSE day offers some great opportunities, but their are big traps as well … if you
don’t know who the “Chump” at the poker table is, then it’s you … what the
“Traders Course” [TC] teaches you to do, is to how to turn the tables on the
banks and make them work for you! … use their manipulations against them
while profiting you … it takes a different mindset than what your friend who blew
out of trading thinks … it takes an algorithm that operates in “real time”, and it
takes a person who can FOLLOW DIRECTIONS, cuz making money is more
important than being right … at the end of the day, all that matters is “are you up
money, or are you down money”, and nobody gives a shit what you think should
have happened … understand, “analysts” can’t trade worth a shit, otherwise
they’d all be traders!
I really dislike these “FED days” cuz they distort distorted trading … even with all
the manipulation, you got to have somebody to manipulate, and if they aren’t
playing cuz they’re waiting on the Twits for some kind of directional signal about
monetary policy, then it gets kinda tough to move this shit anywhere … but
“Tulip Bulbs” being “Tulip Bulbs”, they still move and there are still players, just
not as many … it means you have to be just that much quicker on days like this
than otherwise, cuz they aren’t gonna give you second & third chances to book
coin.
Trading stock indices CFD’s, especially the “Tulip Bulb 30”, all comes down to a
few factors that can be easily quantified: 1) what’s your net cost to trade it, 2) is it
volatile enough, most days, in terms of “Intraday VIX” to allow me to scalp and
book coin, and 3) we know the paradigm is “88/6/6”, thus giving us an
unbelievable edge you don’t have in other markets, in terms of trading it from
the long side … sure, there will always be dopes who want to do nothing but sell
it, but somebody has to provide the money for the 10% who make all the money
… which side would you rather be on? … which is why the FX CHOICE
PAMM / MAM trades the DOW30 … when trading conditions are “normal”, and
“intraday VIX” is above 0.80% [which it isn’t now], there’s no better market to
trade cuz it gives traders “opportunity” not seen in other markets, except crypto
& crude oil.
I know there are plenty of you that want to know how much it would take to quit
your dead end job and trade for a living? … not as much as you’d think, but it
isn’t money that’s the problem … the problem is in your head … you need
1) discipline & patience, 2) be able to follow directions, and 3) understand at a
basic level probability theory … and most people will fail and fail miserably in one
of those 3 areas … so, it’s not money … hey, in the last 6 months I’ve just seen 4
people go “tapioca” cuz they wouldn’t follow directions … nope, too smart for
that … back out in the “pudding business” cuz they thought they could “think”
there way through trading … money is the least important part of trading, yet
every Newbie I’ve ever met, it’s all they want to talk about.
Time for FED mania … are we not entertained!?
Well, knock me over with a feather! … nobody gives a crap … now onto “tariff
mania” in the hours and 2 days left to the weekend … “somebody go find
Kudlow, cuz he’s gonna be needed more than ever over on CNBC” … and since
nobody pushed the panic sell button with the FED release, it’s time for the
manipulation higher in the “Tulip Bulb 30” … what a fucking joke.
Before the FED horseshit broke, one good algorithm buy signal in the DOW30
earlier today … FX CHOICE PAMM / MAMM UP A HAIR OVER 0.4%.
Just sit, be disciplined & patient for the signals, and you’ll get ‘em … simple as
that … until tomorrow mi amigos … Onward & Upward!!
Have a great day everybody!
-vegas
