“You’re too stupid to understand what’s good for you!”
“Well, wasn’t yesterday a classic lesson of government manipulation in action
… buy hey, it’s OK cuz they get to do it, and besides, look at all the side benefits
like hookers & mistresses get Christmas early this year from the Elites who run
things … and since they know best, it’s in the public’s interest cuz you’re too
fucking stupid to even feed yourself let alone decide financial stability … leave it
to the smartest people in the room, OK”?
I’m referring of course, to yesterday’s blatant “readjusting” of EURGBP,
where the Twits at the ECB trotted out Barnier to wax eloquent on “Brexit”
… nobody can remember what he said, cuz he speaks in doublespeak bullshit,
no doubt learned at one of Europe’s finest indoctrination centers known in
some parts as college … no, his goal was to “talk up” the advantages to Britain,
and let the rest of the ungodly world know that the E.U. was Santa Claus, and
that there were so many gifts to be given to the British, and that they were
being so magnanimous in negotiations, that the Brits never had it so good
… “well, who the fuck knew that”? EASY PEEZEE: “Nobody but the E.U.
insiders that got short the cross right before he steps up to the microphone
… make no mistake, Barnier’s job was twofold; 1) kill EURGBP lower, and
2) make a shipload of money quick for the manipulators [hey, we got bills to
pay] … mission accomplished on both fronts, with the added cherry on top of
specs getting blasted”.
in earlier news headlines, “Barnier was more neutral in his comments to a
German news radio program than yesterday regarding “Brexit”. … well, no shit
Sherlock! … let’s just walk back some shit a bit shall we … no need to be too
obvious you were the ECB’s Chief Patsy yesterday in manipulating EURGBP
lower … EXIT QUESTION: “Did you make enough on your shorts to get your
mistress a brand new Mercedes like she wanted”?
The setup here was perfect; 1) EURGBP makes new yearly highs, thus
bringing in all the “trend followers” to get long, 2) GBPUSD is so oversold it
isn’t funny anymore on the daily charts, and 3) markets are thin heading into a
U.S. Holiday weekend. All of this, of course, the perfect backdrop to do some
serious retail ass kicking as well as make a few bucks for those in the loop
… and here comes Barnier. To be sure, the scumbag LP banks were most likely
in on the scam, as the Elites don’t want to “burn bridges” with the hands that
feed them. “Ho hum, just another FX scam … like the one on Christmas Day
with EURUSD getting “monkey hammered”, then miraculously recovering, and
then 9 days later it’s 1000 PIPS higher … but like I said, it’s “OK” cuz they do it
… if anybody in the private sector tried this, they’d be in a fucking jail hole so
deep they’d almost be in hell … you know it, I know it, and they know it
… welcome to FX everybody”!
Turning to today’s EURUSD market … complete bank run bullshit, so what’s
the point in trading? … not a rhetorical question either, cuz with zero volume
and even less liquidity, EURUSD goes where some scumbag LP bank wants it
to go for a corporate order front run … rinse, repeat, and you get the idea.
How thin is this crap today? … glad you asked … didn’t really expect to see a
“Thelma & Louise” right before the NYSE opened, but the market was ripe for
some kind of fall … first trade after taking out yesterday’s low, and on the way
down to the 1.16441 low [so far], at 1.16455 I entered buy order and got filled
at 1.16494 … “FFS! … WTF is this shit! … oh wait … it’s the “fair & honest”
fills we get from Turnkey’s wonderful group of fucking thieves known as scumbag
LP banks … cuz, you know, market conditions, duh … I would complain to them,
but what’s the point … Turnkey, like every other brokerage house, could care less
and ain’t gonna do shit about it … this is life in FX sometimes”. Oh boy, can’t
wait to see the rest of the day.
One of my “golden rules” of trading, which has served me well, ever since
electronic platform trading took over and gave power to scumbag LP banks,
instead of the boy scouts in the pits [just a little snark here], is that when you
get absolutely bent over the farmyard railing, over by the pig pen, by the
scumbag bank on an entry fill, is to look to get the hell out anyway you can
when you get up money in the position … the vast majority of the time, it’s the
right move … the 7-11 robbery simply skews your profit position, and today
was no exception on this first trade.
And other than that, today’s sudden U.S. session drop, after near comatose
conditions for the first 13 hours of the day, no doubt helped to the downside by
some painful EURGBP & [to some extent] EURJPY long liquidation, that has
come from the E.U. manipulators … we may see some more legs lower. Cuz
with Italian bond yields blowing out, USDTRY inching towards 7:1 yet again,
among other things like the Argentinian Peso getting clobbered, it’s hard to see
EURUSD maintaining anything towards 1.17000 as we go forward with the rest
of the day. Maybe, but I doubt it.
We’re now in the NY afternoon, and with Europe closed, round up the usual
scumbag LP bank suspects to trade with, and quite frankly the bounces off
interim lows aren’t for shit … they’re getting faded after only a few PIPS, and
with EURUSD hanging around 1.16500, after a new bogus low was hit off by a
couple of PIPS and now has rallied to screw shorts, it looks to me like this
afternoon will be a complete bust … maybe EURUSD can go lower, but it’s
gonna need some help from further EM crumbling down … more likely just
more of the same “search & destroy” by Squid, JPM, & Citibank and nothing
more than a light stop hunt on both sides of the trading equation, as it appears
this stuff is slowly grinding lower. We’ll see.
Only one trade today … PAMM up slightly, a few bucks.
As I said earlier, “whaddaya gonna do when they screw you so bad on a fill they
should be indicted? … well, the right thing to do is, whenever it happens, is to get
out with some profit and then start over … and since then, this stuff has been a
bucket of warm slop, with no real action to speak about other than touching off
some light stops”. We already know they’re crooks, so … meh, shrug and move
on.
Tomorrow most likely sees the worst of the week going into the Labor Day
weekend, so it’ll be interesting to see when the music stops … my guess is, right
after the NYSE open about 10 A.M. EST. … we’ll see what happens. So, up a
few pennies today … onto tomorrow … I’m outta here early today mi amigos
… Onward & Upward!! PAMM Spreadsheet will be back soon.
Have a great day everybody!!
-vegas
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