“He who panics first gets to panic again later!”
“Well, this is starting to escalate quickly, isn’t it”? And just like that, all the
world’s problems are solved, the dollar is shit again, Turkey is solved, Mexico
takes the U.S. stock market higher, EURUSD is golden again, and finally gold
shows it can, indeed, rally some … some … until the next time the scumbag LP
banks decide to massively manipulate it lower for the FED once again … but
that’s later, and for now, everything is in “rally mode”.
So, the $64.000 question becomes; “how far can this EURUSD rally go before
SHTF, reality takes over, and the banks pull the trap door on the sell stops and we
go full throttle “Thelma & Louise”? My guess is, not very much longer.
Four ingredients propelling EURUSD higher since 8/15/2018, and 400+ PIPS
ago; 1) natch, “scumbaggery” on the part of the TBTF and/or TBTJ scumbag
LP banks, 2) the entire world short EURUSD cuz Turkey is Turkey, 3) a change
in perception of future U.S. interest rate rises in 2019 courtesy of Apparatchik
Spicoli at the FED, and 4) breakout squeeze plays in EURGBP & EURJPY
that has added EURUSD demand. Add it all up, and suddenly the U.S. Dollar
isn’t looking so hot.
However, I’ve been at this rodeo before, and I know how it ends; 1) almost
inevitably, first and foremost, the “Chuckleheads” in Asia have to take
EURUSD higher into new territory, before either Europe or the U.S. sessions
slams it lower, and 2) the scumbag LP banks will lead the way selling, and thus
hitting off sell stops which could get ugly.
Natch, after the “Chuckleheads” take it higher, there will be some news event
that hits the wires … planted by the banks or the central banks is of no matter,
and of course which will be dutifully picked up and amplified by Bloomberg
and/or CNBC, which in turn will be perceived as EURUSD negative, and the
avalanche lower starts in 3 … 2 … 1 … The only question is, on which day and
from what level?
Turning to today’s EURUSD market … “Chuckleheads” try and take it lower
overnight in Asia, which simply means new highs imminent … and while they
aren’t ALWAYS wrong, they’re “Hoover Dam” close … every market they
touch and either ramp to new highs or lows almost always turns to shit the
same day … for some reason, I guess they’ve finally “discovered” EURUSD.
“Cuz I’m tellin’ you right now, unless the idiots shoving the Euro higher now,
don’t take their foot off the gas pedal, when they’re done the scumbag banks are
gonna make sure the EURUSD market has hell to pay on the downside … it will
be fast, vicious, and most likely ugly … cuz the only way for the banks to cover
their gigantic short positions is to buy the sell stops they themselves set off and
slaughter like livestock”. Bring it on, I’m ready!
And with that, my take is we’re gonna see some “gaps, lunges, spikes” lower,
coming to a trading platform near you very soon … maybe tomorrow, maybe
not, we’ll see, but the M.O. [modus operandi] of the scumbag LP banks never
changes … they need the sell stops under the market to get out of shorts and
get long … they’ll find a way … they always do … my only desire is that they do
it when I’m at the screen and not sleeping or in the wee awful hours of New
Zealand & Australia, where markets go to die.
A few trades today … PAMM up a few bucks shy of 0.1%.
EURUSD algorithm signals working extremely well, although the absence of
volume & liquidity keeps many of the signals off limits to trade via my
proprietary “volatility heat map” … what good does it do to get long/short, and
15 minutes later you aren’t even up or down 2 PIPS the entire time? … today
another example of what I call “TNT & Crickets” trading; it’s either exploding
or sitting, and nothing else. I’m still waiting to do larger volumes on sell stops,
which we haven’t seen in over 9 days … soon mi amigos, cuz there ain’t no way
this stuff keeps climbing to the sky without some kind of pullback that feels like
the end of the world.
I’m cutting today’s trading somewhat short, simply cuz Europe is now closed,
and with trading in the NY afternoon, I’m not interested in buying any break
that takes us into the close, as well as I’m writing some website docs that need
to be finished and posted over in “Download Links”, and I want to get them
done by the end of this weekend. Besides, from the looks of things, I’m not
missing anything but chop, and the market is drifting just above 1.17000. So,
onto tomorrow … until then mi amigos … Onward & Upward!! PAMM
Spreadsheet will be back up soon.
Have a great day 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
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START YOUR JOURNEY FROM WHERE YOU ARE AT TO
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