CARIBBEAN, “INC.”

 

“The other side of the Caribbean the brochures don’t show you!”

Yes, “Caribbean, INC.”, and the “INC.” is Incompetence. Negligence, & 

Corruption. And trust me, living here I can attest to all three. From the 

Northern tip of Bermuda, all the way down to the southern end at Trinidad 

&Tobago, the entire chain is nothing but a complete “shitshow”. Today sees 

me fight, not only the market, but no power, no water, and internet outages 

that piss me off to no end. Yea, I got the power and water covered, cuz I’m 

not stupid … but the internet there isn’t anything I can do about it. Finally, 

as the sun rises, somebody in this shithole feeds the Gerbels their grain 

pellets, so they can run the wheel that powers the internet via the phone 

company … “Christ, I am so sick of this shit, you have no idea. And any of 

you that even think the Caribbean is some sort of “paradise”, think again 

… you better have your mind right about all the hassles, or it will drive you 

literally insane. Sure, you can visit the shiny resorts, and enjoy the sporadic 

nice weather, just don’t look too close at the other side of the island you’re 

visiting”.

That incompetence, negligence, and corruption run rampant in this region 

should surprise nobody … this place makes Illinois look respectable by 

comparison. From top to bottom, the worst places are Haiti, Jamaica, & 

Puerto Rico. Since Puerto Rico is the biggest land mass, has the largest 

population, is a U.S. possession, and pretends in delusion it’s a functioning 

society that can provide basic human services, I’ll focus on it as the “poster 

boy” for everything that is wrong with the Caribbean; simply put, they can’t 

keep the electricity going, the water running, or the island turning into a 

gigantic landfill. If you’re thinking about visiting there, do yourself a favor 

and don’t, cuz you will be sorry you wasted your money … instead, head to 

the nearest “blue state” inner city and spend some time enjoying the rot. “It’s 

Panama or Costa Rica sometime here in 2018, as I have had my fill of the total 

incompetence of living in the Caribbean”.

Turning to today’s market … who’s up for a nasty “Flying Wedge of Death” 

[FWD] inside an approximate 30 PIP range from the European open in 

EURUSD, for 90% of the day? We’ve been to both sides multiple times, with 

the spikes acutely vicious in both directions; today’s FWD [so far], one of the 

worst in recent memory … FED minutes due shortly.

“Well, that escalated quickly to the upside, didn’t it”? Seeing how the entire 

financial world was expecting the worst, in terms of future rate increases, 

EURUSD tried numerous times to break 1.23000 and failed, and most 

importantly Gartman is short stocks, “it only seems natural to assume the path 

of least resistance after the FED minutes would be higher for both stocks and 

EURUSD … only guess part of this equation would be if the market “gapped” 

sharply higher/lower before the shorts panicked into buy stops above the 

market high" … from there, who knows, cuz we’re in the late stages of a New 

York afternoon where anything and everything becomes a crap shoot not 

worth hanging around to find out what comes next into the end of the trading 

day.

A few long trades today … PAMM up slightly over 0.4% on the day.

And while EURUSD is rallying up to the 1.23500 area, I wouldn’t rule out 

further attacks on 1.23000, especially since tomorrow morning we get ECB 

minutes … who knows what the clueless Twits in Brussels were thinking at the 

last interest rate decision meeting … the expectations are for further hawkish 

talk, but since the market already knows that, anything on the dovish side 

could send EURUSD sharply lower … we’ll see what the morning brings.

All in all, a decent day … albeit trades a little later in the day than I would 

prefer, but when the action is there, you must make the trades the algorithm 

calls for and push the damn buttons … simple as that. And of course, when 

you get the spikes up and you’re long, especially after a string of up M1’s, it’s 

time to liquidate and not ask questions. The only reasons I didn’t take long 

positions today down near 1.23000 were twofold; 1) stops below 1.23000 and 

1.22750 that could get very “ugly” on the downside if hit, and more importantly 

2) the days range was too tight to be trying to pick a bottom when the range for 

the entire day is less than 45 PIPS … I need to see at least a 70 - 80+ PIP range 

on the downside to buy to make it a “special situation” I write about in the 

trading manual … otherwise, the probabilities of further lows against your 

position become too high. In any event, another profitable day, and we’ll see 

what tomorrow brings … I’m outta here … Onward & Upward!!

PAMM spreadsheet directly below.

 

Have a great day everybody!

-vegas

UPDATE: "Well, that escalated quickly on the downside didn't it"? It's why 

you liquidate long positions on the spike up, and then not worry about what 

happens next ... simple wait for the next "setup" and take it from there!

OUR TURNKEY FOREX “PAMM/MAMM” IS NOW OPEN AND

OPERATIONAL; SEE “PAMM/MAMM 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”!