SUNDAY UPDATE: A TRIO OF THINGS TO CONSIDER

 

“Don’t ever argue with a woman when you know she’s right!”

After Friday’s action in EURUSD, I’m left with a trio of thoughts to consider; 

1) how and why the market moved, 2) the level of POL & Apparatchik 

manipulation, and 3) how volatility moves during the day. Friday was a 

textbook example of the manifestation of how POLS & Apparatchiks are the 

only things that truly move markets anymore, with the occasional sprinkling of 

some economic data when convenient to the narrative of a single or group of 

central banks … and as a result of this, we’re left with what I call  

“TNT & Crickets” markets, that explode with vicious and fast M1’s and then 

die for hours, only to be repeated when the next PIE Hole opens his/her mouth.

And in this environment, intraday volatility goes from one extreme to the other 

… one second you can’t get EURUSD to go 3 PIPS in the next 45 minutes in 

either direction, and then the next second it goes 25 PIPS in 3 seconds, only to 

start the process again. There is simply no way anybody can read the market 

fast enough, unless you’re the scumbag LP bank and have invested millions in 

computer technology … won’t rally and won’t break unless it’s exploding, and 

that isn’t something you see very often.

Everything eventually has to happen, of course given enough market days to 

analyze, but the behavior of EURUSD on Friday was just "weird” … after 4 

straight days of rally, to see it get “monkey hammered” with no rallies the 

entire day of any substance more than a couple of PIPS here and there, and 

then close on its low of the day, doesn’t happen very often … in other words, a 

very low probability event. Now with Trump tariff talk over the weekend of 

$200 billion in tariffs on Chinese goods due Monday, tomorrow is gonna be 

interesting to say the least in terms of price … “only if I had my tinfoil hat on, 

would I suggest that banks knew ahead of time of President Trump’s decision 

announced on Saturday, that more than likely means a sharply lower EURUSD 

open Sunday night … nah, this could never happen here, right”?

Directly below, some EURUSD stats many traders will find useful in their 

trading; 1) 08:00 - 16:00 server time [4 AM to NOON EST.] 8 HR. average and 

median ranges for 2018, 2) weekly average range, and 3) 20 day SMA [Simple 

Moving Average] of daily range. I’ll be bringing this on Sunday’s from here on 

in the future. 

 

click to enlarge!

 

Today also sees over in “Download Links” every trade the PAMM makes off 

the “-vegas EURUSD Algorithm”, in the file “C2 Algorithm Signals & Trade 

Charts”. I’m going to try and keep this file updated on a weekly basis.

The PAMM Spreadsheet I’m working on, in a format that gives both Turnkey 

live trades for the PAMM, and the signal fills I get at C2, for the advisory 

service, which are done at exactly the same time. I’ll get this up sometime this 

coming week after I figure out how best to format it. Onto tomorrow, where 

weekend news should make for an interesting day. Until tomorrow mi amigos 

… Onward & Upward!!

Have a great rest of your weekend everybody!!

-vegas

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