“Absolutely nothing … just like a trade after NFP news hits!”
Well there you go … 5 minutes of pure idiocy, blatant stealing,, widening of
spreads, and of course “slippage candy” on every fill, and the banks steal
more money than a Brinks robbery, on the first Friday of every month come
8:30 AM EST… from there, who cares … time to go play golf somewhere.
number missed … for Cable, it’s pretty much anti-climatic anyway, cuz the
only thing that matters now is what happens by Wednesday … will there or
won’t there be an extension by the E.U. past April 12 … “NO”, which none
of the smartest people in the room say is possible, not only is possible, but
looks like it’s got the early lead … “YES”, the favored answer, is the Pols
kicking the can down the road once again cuz their feckless moron’s … so, we
got a couple of more days of chop and playing round before some serious
moves start to take place in GBPUSD.
From a practical trading standpoint, especially on a Friday, you don’t really
want to be trading FX dollar pairs [or crosses] in the New York afternoon
with Europe closed for the weekend. Squid & the boys have been known to
conduct some nasty stop hunts that can literally wreck a day.
trading anything pre NFP … post NFP sees Cable do very little inside a
smallish range … “a little song a little dance, a little seltzer down your pants”
kind of day with no real direction … solid support at the 1.30000 level is
capping today’s dip down to the lows just above that [so far], and you have
to be mindful nothing on the “Brexit” front has been decided yet … either
good or bad, literally nada … this usually means “chop”, as scumbag bank
LP’s play off support /resistance quite often. Post NFP, Cable has been in
sell mode, but the problem for us, is we’ve gotten no sell signals due to the
limited range and volatility … and I don’t see anything in the afternoon that
would change my mind, outside of a “Brexit” news event that is meaningful
… with the weekend coming up for negotiations, it makes little sense to start
talking to the MSM and making headlines … for sure, that will come
Monday and/or Tuesday. Next week should be something in GBPUSD.
Here, just after NOON in New York, the sellers have finally broken 1.30000
in Cable, and set off sell stops down to the 1.29870 -1.29900 level … this
could be the result of longs throwing in the towel from during the week, and
going into the European close wanting out … yea, it woulda been nice to be
short from higher levels, but we’ve not gotten a sell signal in our GBPUSD
algorithm … like I said, not really thrilled with trading on an NFP Friday
in the New York afternoon.
a shrinking customer trading base that is walking , tired of getting screwed
via the “Comex Con Game”… “the silverization of gold” is almost complete
… in its present state, it isn’t even a market anymore, just a “manipulation
scheme”.
So, while nothing to do today, that will change dramatically come Monday
and into next week … Sunday night sees the blog update … until then mi
amigos … Onward & Upward!!
-vegas
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