THE TRADING WORLD ASKS: “WTF HAPPENS NEXT?”

 

“Hey, we need some trading help here … where’s it going?”

Everything you wanted to know about today, can be summed up with one 

comment; “for the 6th day in a row, the Chuckleheads in Asia bid EURUSD 

higher” … you know what happens now.

Here we are in day 4 of “I dunno”, when it comes to FX, and specifically 

EURUSD; no news, no “loose lips sink ships” from the usual suspects … 

nada all the way around. That leaves only the scumbag LP banks & hedge 

funds to push FX around any way they can [which they will], and why so 

many short term support/resistance levels get broken like eggs for an 

omelette; in other words, a perfect day for shenanigans and bullshit.

And, one look at the candlestick charts bears this out … to be concise, 

directly below the M15 from the European open.

 

 Well, whaddaya know, our old friend the “Flying Wedge of Death” [FWD] 

makes another appearance in FX … and as I stated in an earlier post, this 

shit is happening way to regular to be an accident … just because EURUSD 

is non-correlated, doesn’t mean it’s not manipulated … and on a day when 

there is little capital flows or news to support them, count on the scumbag 

LP banks to do their level best to front run corporate orders, and shake

the charts up, loosening some stops both on the buy and sell side.

And it looks very much to me, that everything traded on the MT4 right now, 

is being held “hostage” by the SP500 market … “will the market stabilize & 

rally? … is another crash coming? … hell, I dunno, and neither does anybody 

else, and more importantly today, nobody is doing anything cuz they don’t want 

to get “whacked” if they are wrong … welcome to market paralysis”!

There isn’t much to today’s EURUSD trade to comment on, except maybe,  

“a little song, a little dance, a little seltzer down your pants” … that kind of 

sums up the day perfectly. We’re in the 4th day in a row of can’t stay below 

1.22300 or above 1.22800 … perfect for a “chopfest” if there ever was one. 

It’s now early afternoon in New York, and in my book, the only thing that 

will move EURUSD, is if the SP500 does something in the last hour of 

trading today … and if you think I’m trading that, you’re nuts.

One trade today in this clusterfark … PAMM up between 0 - 0.1%. Not 

really any other trade I saw advantageous to take; an SP500 rally got me 

long, and when that stalled, EURUSD was on a spike up, so I liquidated 

… which, if you want to make money consistently, is the only option you’re 

left with. 

Short Monday post today … there just isn’t much to comment on, so we’ll 

see what tomorrow brings … big U.S. report this week is Wednesday’s CPI 

report … market maybe waiting for that to commit … in any event, I’m 

outta here … Onward & Upward!!

PAMM spreadsheet directly below.

 

Have a great weekend 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”!