WANTED: PROFESSIONAL KNIFE CATCHER … MUST HAVE FINGERS!

“You only got two hands and so many fingers!”

So I applied and got the job! … then I got fired cuz I used a steel net to catch the

knives and not my hands, so whaddaya gonna do?!

Perhaps no better metaphor exists than this one, of those who attempt to buy

“Thelma & Louise” bottoms, only to find out it wasn’t the bottom … cuz here’s

the dirty little secret … if you go for that spike low without “confirmation” of the

low, that one or two M1 slight move higher may look like money in the bank, but

when the panic isn’t over, it bloodies your account far worse than any profit, and

you need about a 90% win rate of picking bottoms just to break even from that 1

out of 10 that beats you to a comatose pulp … no better example than today’s

action in either GBPUSD AND/OR GBPJPY.

Today also sees another market phenomena … that happens when a doofus

central bank filled with worthless Twits sitting in the faculty lounge, simply go

“soggy bread crumbs” on your lunch salad and come to an interest rate meeting

and then “match” but don’t exceed market expectations … shit weasels that they

are, they don’t want to “upset the apple cart” from major bank recommendations,

and prefer to let the banks decide where the market should go … as a result,

disappoint sets in, the banks after the reports come out and they’ve screwed

accounts for a solid 12 minutes with “Vito Corleone” spreads and slippage, now

come back and lower the proverbial Bingo!, Bango!, Boom!, and it’s a long way

to the bottom for “Thelma & Louise” … MESSAGE FOR THE BOE: “go large or go

home, and ALWAYS come with surprises that get the desired result … instead, you

people are fucking idiots! … literally, a group of 3rd graders could manage the

affairs of state better than these pompous asshats”!

“You want action Skippy”? … well today you get it in spades cuz not only is

Cable moving LOWER, Yen is moving HIGHER, and that spells some wicked

action In GBPJPY … several factors in play today … 1) CHICOM WUHAN KUNG

FU FLU cases in the U.K. higher, which isn’t good, 2) “risk off” around markets,

as AUDJPY got smacked as well, although U.S. “Stock Bellies” not doing

anything, and 3) a central bank meeting that disappoints for Cable … add it all

up, and it spells trouble if you’re long GBPJPY … as well, some key technical

levels on the longer term charts taken out and shot in the head today, which

means of course the usual gaggle of retail spec sell stops, which of course the

banks run with impunity every chance they get … no different today than any

other as to running stops, so why should anybody be surprised?

I do want to mention that the “buy signals” trading algorithm I have used for the

PAMM / MAM, does utilize as well a “sell signals” trading algorithm, and starting

with tomorrow’s trading will be used when appropriate … up to now, I have been

waiting for a day like today to show its ugly face in the market I’m trading, and

today we got it in spades in GBPJPY … “it’s one thing to create & develop a “sell

signal” trading algorithm and “think” it will work, I need to evaluate it in REAL

TIME, so as not to be unduly influenced by a chart I know is going to go my way

down the road, and the only way this happens is to get a day where it’s basically

straight to the rabbit hole with only minor bounces along the way … did it operate

& function like I want it to for being “SHORT” … and today I got the answer

… YUP! … what this means quite simply is that I should catch most moves

going forward, not simply up moves.

This isn’t an issue I have ignored, it’s an issue I have been researching for quite a

while … this came into focus after the March / April debacle that saw FX go

batshit crazy on the downside, and then turn on a dime and go bat shit crazy on

the upside … and then again just recently when Cable & GBPJPY had 10 days in

a row up, and anybody simply doing sell side shorting opportunities either spent

a lot of time sitting on their hands, or getting their ass handed to them with losses

… simple enough, neither is what anybody wants to see.

I want to be clear here … “if I knew where this shit was going 100% of the time,

within 3 years I’d have all the money in the trading world sitting in my e-wallet”!

… everything is a probability wave function, and the best anybody can do, no

matter the level of money to spend or have math Ph.D.’s on your staff, is to give

yourself the highest probability of success on a trade within “reason”

… meaning, what good does it do to get a signal once every 4 years, that is

99.99% profitable? … what the “total” algorithm strives for, and achieves IMHO,

are more trading signals long & short, overall better profitability through more

signals, while keeping losses very small a very small percentage of the time.

One algorithm buy signal in GBPJPY today … TURNKEY PAMM / MAM UP

SLIGHTLY.

There for a while, it looked like there wasn’t gonna be any buy signals … even

before the 7 AM EST BOE decisions on interest rates & QE, GBPJPY was headed

lower right along with Cable … I thought it might be another one of those “the

Dukes [banks] know something”, and they’re clicking off spec sells in order to get

long … and as the decisions were announced, it looked that way for exactly 3

minutes, and then all hell broke loose to the downside … shorts got stopped out,

and longs quickly got slaughtered … it wasn’t until the final hour into the

European close that we got our first buy signal … and it was “sloppy” cuz while

Cable rallied smartly up past some previous resistance, USDJPY decided to go

hit a new low as well … so while Cable rallied 30 PIPS, Yen went up 20, and the

cross literally crawled up 10, and IMHO offered very little “buy fuel” for our long

position … at the first hint of Cable sliding back, I was gone … and while it went

up another little bit it wasn’t the kind of action you want to see if you’re long on a

day like this … still, the buy side of the algorithm did its job and pinpointed the

very tiny rally that ensued.

Onto tomorrow … outta here … until then mi amigos … Onward & Upward!! 

Have a great day everybody!

-vegas

SOMEHOW, THEY ALWAYS FIND A WAY

“Oh look kids, Turnkey LP’s filling my order today!”

They find a way … who & when? … the fucking scumbag LP’s at Turnkey find a

way to screw you, and today it was our turn … and quite frankly let me give you

some advice … trade FX @ PRIMEXBT or @ COINEXX, they’re much better … there

are no bigger shit weasels in the world!

Here’s my beef … I’m long Cable going into the ECB release at 7:45 AM EST … I

see Cable go straight up to 48 bid, where on nothing but upticks I hit the sell

button when I see 48 bid … I get filled at 41.7 … China is asshole … Turnkey LP’s

is asshole! … “anything else scumbags, or did you steal enough for the 2020

X-Mas party in a few months? … seriously, I’d love to know”? … they should be

in prison, but we already know that.

And with that “Flying Wedge of Death” [FWD] clusterfark, that almost became a

double reversal [missed by 14 PIPS], both longs and shorts get dutifully fucked

today, and here we sit with both sides of the order book blown to shit within about

4 hours … new lows, scream higher, “Thelma & Louise”, and then scream to over

1.26000, where shorts get crucified again … of course, you have to understand

that the reason central banks announce their bullshit during trading hours, is so

that their BFF criminal compatriots can steal & rob to their hearts content, and

also so that various Apparatchiks can front run the bullshit and feed the mistress

funds.

OK, having spent 5+ hours on the phone making my voice heard, and basically

telling everyone but the parking lot attendants that they’re criminals, I’m back

from the front lines of the robbery scene … of course, nothing is gonna be done

about it, but you can learn from this … just like the “Stock Bellies”, I am finished

with Cable … these scumbag LP’s simply refuse to make an honest market … I’ll

move over to EURUSD with tomorrow’s trade, & "it's hell or high water" there.

A bunch of algorithm trades today, but the one that stings is the one Turnkey’s

LP’s totally fucked us on … that alone turned an approximate 0.4% gain, into an

approximate 0.4% LOSS.

The algorithm signals worked beautifully, both in Cable & EURUSD, and I did

everything I was supposed to do, including liquidating on the uptick … “ohh, so

sorry, we fuck you now, OK”? … and quite frankly, I simply cannot trust these shit

weasels anymore, so like I told ‘em, goodbye Cable and I hope the riot protesters

find your trading facilities … I mean seriously, whaddaya want me to do? … I see

the spike and I liquidate on the uptick, and I still get dragged out back and raped

… and what it means is that Cable can’t be trusted as a market, simple as that.

The good news, if you can spot any while getting beaten, is that EURUSD IVIX is

improving, so with better market conditions, we should get some excellent algo

signals in the days / weeks / months ahead … outta here, I need to put some aloe

on that burn mark … until tomorrow mi amigos … Onward & Upward!! 

Have a great day everybody!

-vegas

THE GREAT CORONAVIRUS BANK SCAM

“And of course, YOU get to foot the bill!”

Whether it’s government, crony capitalists, scumbag LP banks, bullion dealers

who belong in Hell, whatevs … none of these shit weasels will ever let a crisis go

to waste, and ALWAYS look to profit more from a crisis than before … quite frankly,

the world is not a pretty picture at the moment, nor is it looking like life going

forward is going to return to any semblance of “normal” you had before the

ChiComs let loose this bio-weapon upon humanity.

Quite frankly, I’m sick & tired of these shit weasel, scumbag LP banks we are

forced to trade with, that one day give us barely marginal spreads to trade with,

then the next day unleash holy hell upon us with spreads that would make Vito

Corleone blush with envy if he were alive to see it.

And it’s time to simply draw the proverbial “line in the sand” and say ENOUGH

WITH THIS SHIT … last night living proof, that until China opens about 4 hours

after the official start of the day at 5 PM EST, there is literally NOTHING you can

trade unless you want to hand some scumbag bank a shipload of free money

… once China opens, the only tradeable markets are EURUSD, USDJPY,

GBPUSD, AUDUSD, AUDJPY, NZDUSD, & NZDJPY … that’s it … even when

Europe opens, and the the U.S. comes in to round out the day, these are STILL

THE ONLY MARKETS TRADEABLE AT TURNKEY THAT MAKE ANY SENSE! … all

of the stock indices, shot to shit with spreads that make no sense whatsoever

… you pay for panic, but get nothing in return … gold & silver you can forget for a

long while, the CME finally figuring out how to”take out” the LBMA and their

“pesky” 1 OZ. increment XAUUSD CFD that robs them of market share … trade

futures now in gold, or go home … you simply cannot trust these asshats at the

LBMA to make a fair & honest market, one where the spread is 18 cents one

second, and then $1.89 the next second … that leaves the FX pairs, where the

pairs mentioned above the only ones you’d touch that make any sense to trade

given the horrific bid/offer spreads + slippage the others will guarantee you if you

trade ‘em.

Sadly, this is the state of affairs I’m faced with, and I can tell you right now I’m

not paying Vito to trade … “ain’t payin’ 1.5 - 2.0 index points to trade the SP500

CFD” … so screw the “stock bellies”, forget gold …  the PAMM / MAM trades

either GBPUSD, USDJPY, or EURUSD going forward, and it’s gonna take some

good arm twisting to see me go with something else, cuz quite frankly I’m pissed

off I gotta play “carousel” with scumbag banks over bid/offer spreads, and then

play “Price Is Right” in guessing which market on which day is gonna be a

winner at the expense of all the others … it’s tiring, and it’s robbing me of

performance at the expense of the trading algorithm, which by the way is

excellent.

So, while I should have been looking at Cable today, I spent my time from last

night wondering just when these shit weasels were going to make an honest

market in the SP500 CFD … answer? … try never, so screw ‘em … if the

PAMM / MAM were at CRYPTO ROCKET, it would be a completely different story,

but we ain’t there cuz they have no PAMM / MAM program, and aren’t going to be

getting one anytime soon … the FX pairs I listed above are “usually” tradeable

from the China open onward, unless something goes bat shit crazy and there’s

news to digest.

I literally hate this back & forth bullshit that’s handed out by the scumbag LP

banks … and since they all got caught with the huge increase in VIX the last few

weeks to a month, and most have suffered huge losses, the way they get it back

is by screwing retail spec … PIP by PIP, index point by index point, they take

back from us what their greed cost them … “welcome to the trading tax!” … the

only thing saving markets right now is FX, cuz the rest are a fucking joke … FX

so “bigly & yuge”, and the competition fierce, if they fuck that up they might as

well close their doors, and so these markets remain consistently stable no matter

what, with only minor dislocations when SHTF.

And what you have to realize, is that FX isn’t a “U.S. market”, it’s more of an

European market, with conditions being best from about 3:30 AM EST to about

1:30 P.M. - 2:00 P.M. EST … it’s during this time you’re going to get the best FX

movement, liquidity, and best spread conditions … New York is filled with only

money laundering criminals, so best avoided in the afternoon P.M. … these last

couple of weeks, every single day an adventure down the “rabbit hole” into

what seems like some kind of level of market hell, and it’s time it stopped right

here, right now … the brutal truth of the matter is simple … there is only one

market space that stays consistent whatever the case, and that’s FX … true,

“The Widow Maker” [GBPUSD] has woken up from a very long slumber, but even

so conditions are far better than anything you’ll find in stock indices or gold,

where it’s “Nightmare On Elm Street” every frickin’ second … time to return to

FX and stay there, come hell or high water.

No trades today in the TURNKEY PAMM / MAM.

So, back to Cable tonight … until tomorrow mi amigos … Onward & Upward!! 

Have a great day everybody!

-vegas