GOOD NEWS BAD NEWS

 

“What do you say to a 1,900 PIP range day!?”  

First the bad news: on a day where USDMXN had an approximate 1900 PIP 

range, we didn’t make any trades … now, for the good news: USDMXN had a 

1900 PIP range day.

In total, we got 3 great algorithm buy signals today in USDMXN … the first 
came right before [literally a few minutes] the inflation numbers out of 
Mexico this morning … not being, or ever being a “news trader”, I can’t take 
this signal cuz we’re not playing roulette here … in fact, the numbers should 
have been Peso supportive, as inflation was running a little hotter than 
consensus estimates going into the report … “fun-dur-mentals, what’s that”? 
 … 20 minutes later there’s a 900 PIP straight up move. The second 
algorithm buy signal, I just blew it … we had the price for about 5 seconds, 
and then BOOM! … off it goes to the upside for another 200 PIPS in minutes. 
The third came in the New York afternoon when EURUSD broke below its 
2019 low for the year [so far] at 1.11770 and sell stops were set off 
… USDMXN blew through our algorithm buy point so fast, it was 
50 - 70 PIPS above our buy area in a blink of an eye, and so I decided not to 
buy it … “good call Champ, as it went up 400 PIPS in 8 minutes straight 
… meh”!

The good news of course, is that this stuff moves and moves fast … reminds 

me of Cable back in the old days, before central bank HQ manipulation, when 

it was called “The Widow Maker” … welcome to the new widows & orphans 

FX pair. Today sees USDMXN with an approximate 1,900 PIP range 

… surprisingly, it had 1,000 PIPS coming into New York trading this morning 

… nonetheless, markets are of the opinion the FED will not lower rates in 

2019, and the “Dollar bid” is back into the markets.

For the record, USDMXN doesn’t have all that many reports coming out 
during the week … today saw inflation, tomorrow sees retail sales at 9 AM 
EST, but sidestepping those landmines, there’s plenty here to keep you 
awake. This afternoon on the third algo buy signal, as the market moved to 
its high for the day [so far], there were 50 - 70 PIP changes in the bid/offer on 
the way up … great if you’re long, but a nightmare if you’re short and 
looking to cover somewhere. I would advise not to trade it before 7 AM EST, 
nor after 2 PM EST … action gets very whippy, and the spread widens 
terribly.

Gold? … well, it looks like the scumbag bullion dealer banks are attempting 

to “roll the rock back up the hill” via the “Comex con Game” … good luck 

scumbags, there aren’t any customers left to buy it, after you’ve “silverized”  

the market. 

Cable acting very sloppy with a sub 50 PIP range for the day … all the 
majors look & trade like dog shit … miniscule ranges, choppy action, no trend 
to speak of, and it’s simply more of the same from central bank HQ … God 
what a mess they’ve made of financial markets.
 

So, onto tomorrow mim amigos … Onward & Upward!!

  

Have a great day everybody!

-vegas