A COUNTRY FILLED WITH ROBESPIERRES

“America 2017 … A country filled with intolerant Leftists!”

I’ve about had it with the Left in the U.S., where everybody is Hitler, everybody who disagrees with them is a racist, homophobe, sexist bigot; where everybody is “offended” by shit you would have laughed out loud at 2 years ago. Well, time to add me to the list, cuz I’M OFFENDED & I DEMAND SOMEBODY DO SOMETHING ABOUT IT!

So, here are my list of grievances: 1) I want all office buildings, roads, schools, post offices, and everything else in West Virginia that’s got ex-Senator Robert Byrd’s name on it PURGED from public view; after all, he was a KKK “Kleagle” back in the day, and as racist as they come … oh, and he was a DEMOCRAT Leftist morons, 2) I demand that the Left’s darling, one Franklin Delano Roosevelt [FDR] be purged from the history books as a racist as well; he interned Japanese Americans in WWII, and appointed Hugo Black [KKK member] to the Supreme Court … how F-ing racist is this?, 3) a guy, a serial rapist who forced himself onto a White House intern and was unfortunately President, who made racist jokes with Ted Kennedy about your beloved “The One”, and whose wife said young black men were “predators” … I want them banned from all cable TV shows as sexist and racist, 4) I want Planned Parenthood banned from the U.S., not only because they KILL BABIES AND SELL THEIR BODY PARTS like a NAPA store sells auto parts, but also because the founder of Planned Parenthood, one Margaret Sanger, founded Planned Parenthood to kill off blacks in urban, poor neighborhoods. She wanted to eradicate blacks Libtards, and if that doesn’t make her racist Planned Parenthood a societal outcast, what the hell does?, 5) every Stalinist Libtard that demands I live my life like a fruitcake needs to STFU or get a knuckle sandwich if you even think about getting in my face, cuz I grow weary of your utter bullshit lies and faux outrage over Confederate statues that have been standing for, in many cases, over a hundred years and you didn’t utter diddly squat … not even for a second, about your hurt feelz, when Obama was in the WH … so, STFU and go away already, and finally 6) I demand the editors of the Washington Post be arrested and prosecuted for “inciting violence & riots” [a federal crime] for their editorial today calling for their ANTIFA nutjobs to “start throwing rocks” … do you need any more proof than this regarding the Totalitarian Left, that has come completely unglued over losing an election, and is trying to destroy the country? Frankly, anybody that reads this “rag” should have their head examined.

Turning to today’s markets … seriously, today’s trading in everything is a clusterfark mess; “Flying Wedge of Death” [FWD], double reversals with wide ranges [this happens maybe 2 – 3 times in 5 years], ECB minutes, Trump rumors … wrap it all up and it’s a big pile of trouble … risk 15 PIPS to scratch or make a PIP, or worse. The highs made in USDJPY today, almost criminal … the lows should put people in jail, but won’t … the wicked spikes up and down for 20 – 30 PIPS in seconds, just wiped a whole lot of people out of the game. And, it wasn’t confined to simply USDJPY; EURJPY had a 40 – 50 PIP waterfall in seconds on the ECB minutes, only to rally back strongly … at the time the market above the “Kumo Cloud”, and in 1 second it’s 40 lower, so God help you if you had a sell stop in anywhere [guaranteed fill at the bottom … “you know, cuz the HAL9000 is so honest and everything”!]

Today’s trading was a frickin’ nightmare in USDJPY; even before the ECB minutes, prices erratically moving higher to make new highs, and then the ECB minutes jacking USDJPY about 40 PIPS in a second, where it promptly fell out of bed and went straight down [after they filled the buy stops of course] … then came the Trump rumors and the SP500 & Dow30 went into a nosedive, losing over 100+ points in the Dow30, and not recovering in price … it didn’t take long for USDJPY to go put in a double reversal low, with the obligatory snap back 1 M1 spike of 30+ PIPS to the upside to wipe out an hour of downside price erosion; all the while, price moving so fast you have no idea where the market is … all you could really discern, was that it was somewhere inside a 10 PIP window, and that no matter what you did, buy or sell, you were going to be handed a shit fill from hell.

Remember yesterday when out of the $400 bucks I lost about $300 of it was from slippage; well, today I’m happy to report slippage only cost us $200 on the $200 I lost. I’m sure it could have been far worse than it was, cuz I didn’t sell on any slide or buy on any rally … nope just everything ½ to 1.2 PIPS away from where I thought it should have been on every single order; “and yes HAL, we got  frickin’ problem”! I could bitch to the LP & Turnkey, but they aren’t going to do anything about it; they’re gonna say it was a wild day with news and political rumors, and that all the fills were fair, whatever that means. To keep things in context, though, I’m trading 3 times the level of past trades, so get used to hundreds losing and thousands winning … it’s what I’m trying to do, while at the same time keep risk under control.

Every day is like an experiment in terror, with the FWD, and now a double reversal showing up with a decent range … this doesn’t happen often, and in fact is quite rare in USDJPY [or any of the other Dollars pairs], about 2-3 times per 5 years … and now we get one today, and the FWD is everywhere as well. And while equity was again down today, like yesterday, it isn’t the algorithm’s fault or my execution, but rather the market is dysfunctional … and it was a whole hell of a lot less dysfunctional than EURJPY, or even EURUSD, where if we had been trading EURJPY [and been long] we could have taken a 5% hit instead of $200 in slippage.

I don’t have an answer as to why the markets have all of a sudden fallen in love with the FWD, or why a double reversal sprang out of today’s action; I simply don’t know, other than to say I’ve been commenting lately on the disturbing pattern of frequent FWD days in everything and how they kill accounts; if you’re not extremely careful, they can leave a real sting.

The other disturbing pattern emerging, and really manifesting itself in the DAX30 first, is very large spikes up & down, that come out of nowhere and once the damage is done, they retrace quickly and viciously … today, USDJPY certainly saw its share, and the purpose of these spikes is to run stops … pure and simple, the “Golden Rule” in effect, and if they got the money and the information, they will do it in a heartbeat; problem is, you don’t have any idea where they can or will stop … will it be 20 PIPS or 40? How about 50 or 60? You think you know, but you don’t.

In some respects, I feel like a guy trying to navigate a sailboat out in the ocean through a CAT 5 hurricane, taking on some water, but the boat is still afloat and the damage minimal; these markets are as treacherous as I’ve ever seen markets … turning on a proverbial dime and leaving traders in the dust … nobody has time to digest information, you can only react. I’m not one to make excuses; since we went to the stock indices format in April, we’re down about 2% after today, and a lot of that 2% is yesterday and today combined via slippage; not exactly heart pumping, but not a disaster by any means either… as I said, I’ve increased volumes by threefold, so losses more than likely will be in the hundreds, and when the algorithm nails it, and we can get away from the FWD, hopefully gains will be in the thousands.

Here at the end of the day, the stock market is getting “monkey hammered” … the SP500 over 30+ index points off its highs and trading near its low; USDJPY reluctantly going lower, but it’s a heavy grind, as there are buyers stacked everywhere … all it takes is for the SP500 to go up a point, point and a half, and the USDJPY shorts panic, sending it up 10+ PIPS in seconds. 20 points ago higher in the SP500 I pondered getting short USDJPY here in the afternoon; we’re only about 15 PIPS lower from that level, not exactly a ringing endorsement for being short. If I had been buying the Dow30 today, instead of trading USDJPY as an SP500 proxy, it would have been ugly … very ugly … instead, losing $200 to slippage from the thieving, scumbag LP seems very light in comparison. In essence, this is another example of one of my best trading days of all time in terms of avoiding disaster. No, I’m not happy being down $200, and it pisses me greatly that the LP feels the need to screw everybody [not just us], but on the other hand it isn’t something that will take weeks to make back either. One of the big problems markets are experiencing, is that even when I’m up in a trade, it turns so quickly and evaporates everything that you had in the trade in literally a fraction of a second; now, you got about 1 millisecond to make a decision as to whether or not to get out.

So, tomorrow will be interesting to say the least … will Asia crater stocks overnight? … will the SP500 & Dow30 start tomorrow’s trade down “bigly”? … and will USDJPY sell off if they do? Looking at the way the algorithm tracks the market, I’m very pleased with the results … I wish I could say the same about market conditions getting in and out and the way the LP fills orders … unfortunately, they need to improve greatly. Onward & Upward!

I’ve got some issues with the PAMM spreadsheet that need to be addressed … nothing for individual accounts, just some new headers and formatting … I’m looking to get it finished tonight, so look for the spreadsheet tomorrow.

Beach time! … the dog and I are outta here … until tomorrow mi amigos.

Have a great day everybody!

-vegas

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