“Follow your chart indicators they say … umm yea … errr HELP”!
Maybe some “economic porn” from the department of Unicorns & Fairy Tales
this morning in NY can get things moving, but I’m not hopeful … it’s gonna
have to show some “sigma” misses to have an affect … it’s quite simply a
Friday and traders will be hitting the exits early, no doubt using Hurricane
Florence [CAT 1 now] as an excuse.
Earlier, Mrs. Wantanabe & gal pals did their “schtick” in EURUSD … as the
below chart shows, with frightening efficiency no matter the MT4 market,
whatever they do from about 2 AM - 4 AM [Asian session close & European
open], is almost always WRONG … famous for getting gold wrong for years,
they’ve wandered into FX when not at the local casino, and the results
predictable.
click too enlarge!
Still, a 30 something PIP range after 12 hours of trading isn’t earth shattering
by any means … really rather pathetic, but on the other hand, unless some
government Pie Hole or substitute Apparatchik needs some mistress money,
markets don’t move anymore without a “prompt” from them … and that’s the
saddest commentary regarding the state of financial markets one can ever hear
… everybody is at the mercy of “loose lips, sink ships” bullshit, followed by the
predictable “TNT & Crickets” market that is sure to follow.
And while it would be easy to finger Mrs. Wantanabe & gal pals as market
morons, stooges, FX flunkies, etc., these folks are generally wealthy, biz savvy,
college educated, and overall smart people. So, as I’ve said before, most
recently in the Information Tutorial on the “-vegas EURUSD Algorithm”, over
in “Download Links”, how is it they almost always lose money? … “I’m pretty
“Hoover Dam” sure it isn’t cuz they want to … so how do you explain generally
successful, intelligent people being on the wrong side of things more than 90% of
the time”? … On the surface, it makes zero sense, and has led many people to
shake their heads in disbelief cuz they can’t figure it out … at the same time, I
used to stand in the FX currency pits for years, in Murder, Illinois, and some of
the dumbest people on earth … literally a bag of carrots had higher IQ’s … and
they’d make not only a great living, but create and hold wealth … meanwhile,
the doctors, lawyers, engineers, & MBA’s would walk in and would be “toes up,
out the door” in less than 2 months … so, the $64,000 question to ask is simply,
“what dynamic is at play here that 99% of all traders miss, and can’t identify”?
For most people, the answer is met with denial & derision, “cuz this is ‘Murica,
and that can’t happen here or be allowed cuz we’re free markets”! MY
RESPONSE: “Yea well, snap out of the delusional dream you’re in, or you will
find your account empty … ‘Murica stopped being America a helluva long time
ago … think “Plunge Protection Team” in stock indices, “Rally Protection Team”
to keep gold prices suppressed indefinitely, and TBTF [Too Big To Fail] & TBTJ
[Too Big To Jail] scumbag LP banks that run and control FX markets with their
“tied at the hip” central bank buds … there isn’t a market on earth that isn’t
being manipulated by central banks for “policy” purposes”.
Of course, MANIPULATION is the key element here, and what people miss is
that their MT4 [or other trading platform] screens are lying to them! YOU SEE
WHAT BANKS WANT YOU TO SEE … banks computer networks keep track
of thousands of the most popular trading indicators … they know instantly, in
real time, which brokerage house customers are long/short, and of course they
know where client stops are … running these stops allows banks & large hedge
funds to liquidate their positions profitably at your expense.
In today’s modern financial markets, post financial crisis 2008 & post Central
Bank QE programs [money printing] that started in 2012, it’s no accident
market volatility has dropped significantly … central bankers don’t like
volatility, only traders do! … take any FX pair and do some historical research;
there isn’t anything more volatile now than it was 30, 20, or even 10 years ago
… not even close. The biggest casualties in the dollar pairs are USDJPY &
GBPUSD, but EURUSD volatility is down significantly as well from the
Euro’s introduction in 1999. What all this means, of course, is that “trending
markets” in FX is an illusion … granted depending on how you define trend
along with time matters greatly, but for hypothetical sake just take a look at the
daily/weekly candlesticks over the years … again, the Greek Crisis caused
EURUSD to trend lower for about 9 months straight, but other than that, it’s
mostly “chop” the last 10+ years and counting outside of a few months of trend
… “and who benefits the most from this “chop”, when central bankers & Pols
start opening their Pie Holes to make markets move? … the scumbag LP banks,
that’s who, and I don’t seriously think that’s ever going to change outside of some
kind of revolution and blood in the streets … cuz now that they have the power,
they aren’t ever going to give it up voluntarily”.
And so what we’re left with, when you strip away all the market commentary
bullshit from the usual suspects, and look simply at “action in the marketplace”,
is nothing short of the premise I have put forth describing what the purpose of
trading is today, and most likely will be going forward, and that is simply, “Big
money [banks] getting small money [you] to do what they want, which is buying
high and selling low, without small money ever really knowing what it is that just
happened, and how they’ve been manipulated in the collective like Pavlov’s dog
by the banks through muscling the market up/down”. Understand the
manipulation, and who’s positioned where … understand where the buy/sell
stops are and what price levels are going to get violated, and then adjust your
trading strategy [algorithm] around those factors that have the highest
probability of influencing price, and you’ve flipped the tables on the banks and
can give them a “tip of the hat” for their efforts at destroying most, but not you!
Turning to today’s EURUSD market … “is it time to go to bed yet”? … good
grief, what a pile of hog slop … and then some sell stops knocked off on the
retail sales numbers, after they take out the buy stops … “same shit, different
day” is the only way you can describe bank behavior … day’s range still
extremely tight, and the action of the M1’s downright lethargic.
It’s Noon in NY, and since the retail sales numbers came out, this market got
slammed [kinda] for 3 minutes, and that’s been it the entire frickin’ day
… won’t rally and won’t break … have gotten NO algorithm signals the
entire day, and the reason is simple; NO INTRADAY VOLATILITY
… without it, this or any other market becomes a crapshoot, and you end up
risking multiples of what any gain is likely to be. Today’s intraday volatility
readings off my proprietary “volatility heat map”, are the lowest I’ve seen in a
while. “I guess since nobody needed to fill up the “Mistress Fund” today,
Apparatchiks worldwide are taking the day off from the heavy lifting of
manipulating markets with useless words … that leaves the scumbag LP banks,
which will happily rip prices up/down and take no prisoners”.
“Well, that escalated quickly didn’t it? … thank you President Trump for those
tariff tweets”. As I have repeatedly said, nothing moves anymore except when
Pie Holes & Apparatchiks talk or Tweet … everything else is just mindless
“chop”, until the next one comes along … today’s EURUSD just off the charts
in “weirdness”, where the entire day is nothing but a series of M1 blitzes to the
downside that last 1 to 3 minutes, and then that’s it … no rally, no
back & forth, just dead M1’s that sit in 1 PIP ranges going nowhere and the
scumbag LP’s will still find a way to throw the “slippage meter” to
“double MAX”, whatever you do. Now that we’re in the NY afternoon trade on
a Friday, “I’m sure Squid & the boys will help you out of whatever trouble might
come your way … not”! Why, just look what they did to a corporate order
@ 17:00, if you want to know what “help” looks like … with friends like these,
who needs enemies?
It’s well after 1 PM in NY, and even though the day’s range looks impressive at
just shy of 100 PIPS, the trading action is anything but … some of the worst
conditions I’ve seen since mid to late August, but that was cuz of vacation time
… here, today, I don’t know except maybe Hurricane Florence has muted
trade, and of course it’s Friday … every single move down coming on spikes
down in the M1 that are one to three minutes in scope, created by Pie Holes
and/or Apparatchiks, and then literally zero action until the next one .... can’t
get a buy signal and can’t get a sell signal cuz nothing is literally moving in
EURUSD … it’s literally what I have dubbed it before, which is
“TNT & Crickets”, and in that environment there are only M1 explosions
[today down] and no action, where it doesn’t matter if you’re long or short you
aren’t going to make money in anything.
No signals today, which is very rare, and so no trades on C2 for the advisory
service and no trades in the PAMM.
Just a depressing day for trading the algorithm signals … “cuz there weren’t
any! … the law firm of “Zero, Zip, Zilch & Nada” called and left a message”. So,
onto Monday where I’m hoping trading isn’t anything like today’s action.
Sunday night sees a short blog weekend update … until Sunday Mi amigos
… Onward & Upward!!
Have a great weekend everybody!!
-vegas
OUR TURNKEY FOREX “PAMM/MAM” IS NOW OPEN AND
OPERATIONAL; SEE “PAMM/MAM MONEY PROGRAM”
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