“FED Chairman speaks to adoring elites at Jackson Hole confab!”
Oh how exciting! … the world awaits golden raindrops of wisdom from FED
Chair Spicoli at Jackson Hole, Wyoming … financial markets are spellbound
… gosh, this hardly ever happens [snarc]! In the immortal words of a famous
propaganda chief, “Think of the press as a great keyboard on which the
government can play”!
Natch, the scumbag LP banks are sure to know in advance, what it is he’s
gonna say & do … the fix is already in, nothing to do but wait for the
“scumbaggery” to unfold and then see which side of the trading equation gets
wiped out via stops … then they’re out the door for some golf and the weekend,
and the “C” team can wrap the loose ends up ‘till the close. “It’s good to be a
Gangsta”!
It’s truly amazing to me to see all the financial websites that “report” on
financial markets, especially FX, and simply repeat and regurgitate the
“company line” [i.e. central bank narrative du jour], and write endlessly about
“fun-der-mentals” [there aren’t any, and even if there were you wouldn’t have
the complete list to make any kind of rational decision anyway], and talk about
“support & resistance” lines like they are magical … there’s no magic here, only
the planting of subconscious ideas into your head for stops so the scumbag LP
banks can run them when they break them … and just like that, the entire
meme of “trading” should become self-evident, which is simply what I’ve said
for ages … “the purpose of trading is to allow big money to get small money to do
what big money wants them to do [buy highs & sell lows], all the while small
money thinks it was their idea and are completely clueless that they’ve been
manipulated like a puppet on a bunch of strings”.
Of course, round up the usual suspects and topping the list are Reuters,
Bloomberg, & CNBC … listen to these talking heads and I guarantee your
www.forexlive.com and you’ll get the usual rabble and help in placing those
stops that get run with amazing consistency, along with all the obvious reasons
why some FX pair rallied or got “monkey hammered”, and the whole world
saw it, and why didn’t you? “Nobody is better than the Mrs. at pointing to a
chart bottom and asking why didn’t I buy it there … umm, cuz it would have put
us into a higher tax bracket”?
Turning to today’s EURUSD market … “Live from Jackson Hole … well, that
escalated quickly to the upside didn’t it? … first though, on some Spicoli
comments right at 10 EST, the scumbag LP banks had to clear some sell stops out
of the way to get long from the “scumbaggery” shit they pulled right before they
blew the lid off EURUSD so they could sell the buy stops above 1.16300
… somewhere Vito Corleone is crying cuz the jealousy is killing him [again]”!
And, just like that, 22 minutes after the coordinated “drive by mugging” of
financial markets, especially FX, it’s almost 10:30 A.M., and time for some
light lunch, a round of golf out at ‘Wing Foot’, and then the $50K bottles of
Dom Perignon tonight in the Hamptons while partying … “I said it earlier with
just a hint of sarcasm … it wasn’t meant to be a “How To Manual” for scumbag
LP bank thieves”. And so again, just like every single day this week, volatility is
literally dead … no pulse … and then BOOM!, off the frickin’ charts almost to
infinity … minutes later it’s back into a coma … “you think this is some kind of
coincidence? … hahahaha, sure it is”.
Quite frankly, this week has seen probably the worst trading conditions I’ve
ever seen in major FX pairs … let me count the ways; 1) intraday volatility
completely dead, then lightning in a bottle, then back to dead,
2) “scumbaggery” on the part of the scumbag bank LP’s in filling orders via the
HAL9000 slippage software, 3) widening spreads cuz of … you know … “duh,
market conditions, duh” at the drop of a hat, 4) Pols and/or their anointed
Apparatchiks opening their Pie Holes for profit more than usual, and 5) late
August vacation time seeing very unusual trading activity.
Through all of this, the EURUSD algorithm has proven to me its mettle and
worthiness … if it can shine through the shit we’ve seen this week, very bright
days are just ahead. Yes, this week volumes I’ve chosen to trade, for the most
part, have been very light, including today … there are valid reasons for this,
most notably cuz it’s late August and the world is on vacation making volumes
and liquidity very iffy & light … lack of sufficient readings on the proprietary
“volatility heat map” have also kept trading on the sidelines as well, but the
important point is that the algorithm doesn’t know of the “volatility heat map”
… it doesn’t know volumes and liquidity are at times non existent … and yet, it
keeps picking winning trades, regardless. Once next week is over, and we have
our Labor Day 3 day weekend, I’ll be taking all of the signals from about
3:30 - 4:00 A.M. EST through the day into the Wall Street close … more on this
on Sunday night when I post a special Sunday update blog. Point is, while I’m
not “backing away” from this week and results puny, I’m more interested in the
live conditions the algorithm is trading under, and more importantly are there
any “traps” or other unforeseen circumstances “in real time” I need to sidestep?
“Theory is great … how’s it performing in real time”? Well, to be brutally
upfront, it’s as good as I’ve ever seen, and my kudos to Cousin It & CoS Milton
Waddums for the hundreds of hours of leg work getting it done.
A few trades today … PAMM up slightly … [made up that $3 loss from
yesterday, so I got that goin’ for me into the weekend!]
After all hell broke loose on the upside at 10 A.M. EST., of course two [2] things
immediately happened; 1) the HAL9000 slippage meter went to “MAX”, and
2) the spread in EURUSD tripled … in other words, nice fair markets [excuse
me while I puke] … algo gave a buy signal at one point, I got long and got
ripped 1 PIP getting in, even though I bought on downticks, and then got
ripped again getting out … all told I made a very small profit, but it showed me
to leave this shit the hell alone … “they’re thieves, we all know this, but today
highlights the stupidity of trading when conditions say stay away … and boy, did
they say that in spades”.
mean we’ve got “The Holy Grail” or that every single trade forever is a winner
… forget that fantasy shit … “what’s special to me, though, is how good it is in
real time at saying, “yup, here’s where you buy [sell] and then here’s where you
liquidate” … at times, it’s frickin’ scary … sometimes it leaves the trade early
and there’s more to the move, but far more often it pegs it as good as I’ve ever
seen in trading … and it’s the reason why both Cousin It & Milton demanded
… not asked … demanded that it remain proprietary to us before explaining to
me what they had found … now, after a full week of seeing it in real time in
EURUSD, I understand their thoughts". More on this come Sunday.
Next week looks to be worse than this one … I hope not, but we’ll see. In any
event, it’s on to next week, which historically has been one of the deadest weeks
of the year in FX generally. That doesn’t mean it has to be, just that it usually is
… and with that, I’m outta here; I got no desire to get caught on a Friday
afternoon by Squid and the boys doing “stupid shit” and paying for some of the
Dom tonight … until Sunday night mi amigos … Onward & Upward!! PAMM
Spreadsheet will be back soon!
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”!
No comments:
Post a Comment