STUMBLING INTO ANOTHER USELESS MONDAY

“I took one look at my trading screen … and now this … I can’t even!”

Which useless, manipulated piece of horseshit market do I start with first today?

… stock indices on paralyzed hold ‘till Wednesday for sure … FX a complete joke,

manipulated tighter & tighter into smaller ranges as time passes … “hey, let’s

push for six [6] digit currency quotes … that way they’ll look like they’re moving

somewhere”! … gold with another overnight $10+ range, this time to the

downside, as the “Chuckleheads” puke and learn once again about the “Comex

Con Game” and the never pretty consequences of buying rallies from the banks

… crude oil dead in the water, awaiting the thugs & dictators [a/k/a OPEC]

meeting here shortly, so the market can establish with no assurance which

members are lying about proposed production cuts [Hint: all of ‘em.] … and

finally the H33HKD, which goes full retard bananas to the upside last night on

the open, blowing through its 20 Day Range MA with conviction, and then

proceed to do nothing ever since but go lower … I guess riots and protests in

Hong Kong aren’t bullish after all? … no matter, cuz the scumbag LP’s blow the

spread out for a good portion of the night, making trading the index impossible

… in other words just another Monday, where if you shoveled elephant shit at

the circus you’d be plenty more happy than a trader facing today.

Of course, everybody is awaiting Wednesday at 2 PM EST, when the clueless

Twits at the FED, having descended from the high mountains where the Oracles

live, will impart upon us all their faculty lounge wisdom and blind us with

bullshit regarding interest rates … having backed themselves into another

corner of intellectual fantasy, they’ll attempt to placate markets by assuring

everybody that “Everything Is F-ing Awesome Baby!”, and that they really do

know what they’re doing!

Never mind the fact that, in their entire 113 year history, the FED has NEVER

gotten anything right … if only they could just follow one of Stalin’s old “5 year

plans”, maybe they’d get lucky with the planned economy bullshit they pedal

… so to expect these assclowns to hit a “home run” and markets soar, you’d

have better odds of finding Unicorn meat at the grocery.

Turnkey last night ushered in their new server feed … big whoop, nothing has

changed … same shit bid/offer spreads in their CFD offerings, where you’re not

supposed to notice you’re getting ripped blind in oil & the Hang Seng, although

I see USDCNH [offshore Yuan, a/k/a Reminbi] this morning at a very good to

excellent spread of 1 - 2 PIPS … I have no idea if this is for real, a promotional

effort, or just a glitch … this market has been in the 4 - 6 PIP bid/offer spread

range before today, so 1 - 2 spread is a real improvement, although already

they’ve snuck the spread back to 3 … but before anybody gets too excited, this

is Turnkey we’re talking about … not exactly the most trusted name in brokerage,

IMHO … we’ll have to wait and see if this sticks, or is another scam … yea, so far

so good today, but one day ain’t a trend … and I might add, Coinexx still

consistently beats Turnkey in USDCNH bid/offer spread by at least 1 PIP, and

most times by more than that … so, I’m not handing out any participation

ribbons for Turnkey today.

Gold limps to the starting line today … again we see $10+ for an overnight range

… you know what that means, and it ain’t good from a probability perspective

… most likely a complete waste of a day [again], but we’ll see.

From a more historical perspective, I feel very sorry for those who don’t know

what true, trading markets look and feel like … only crude oil & the Hang Seng

stock index market come close, everything else government manipulated

bullshit … “you can’t handle the truth”! … and with a dumbed down education

system intent on destroying learning, and replaced with SJW bullshit and

indoctrination, it shouldn’t be hard to realize how acceptance of manipulated

markets has worked its way into the mainstream … there won’t be any going

back to the “good old days”, and it only gets worse from here … how many

years or decades will it be before markets are deemed “destructive to the

collective” and banned? … better you simply buy government bonds and let the

elites run things … God help us.

And ever since the sun has come up in New York, gold has gone up … just the

exact opposite of Asia & early Europe … some things never change, but the

range is still pretty small given the most recent 20 Day Range MA, so no algo

buy signals [yet] … I’d rather be getting a proctology exam than watching this

shit, but in reality they’re both the same.

With nothing really going on, the worthless Empire State manufacturing index

tanked at 8:30 AM EST, and gold has popped a couple of bucks … when this

starts to move gold, you know we’re in the “Twilight Zone” of trading. Outside

of a few shorts that got “fleeced” by the scumbag bullion dealer banks, via

some market buy orders that filled at the top, gold has settled back down and is

currently trying to figure out who to attack next.

H33HKD overnight saw a blast out of the open, fueled by reports that China

pumped liquidity into its banking system to the tune of $100 billion … since

then, though, it’s been sideways to down as the political unrest on the island is

weighing on sentiment … still, if Coinexx can keep the bid/offer spread

consistently stable, which didn’t happen last night, this is a great index to trade

… at a 2 - 3 index point spread with cheap commissions, and volatility that

matches USDMXN, there isn’t anything that is consistently better for a trading

instrument … forget Turnkey, cuz they ain’t even close on this CFD … nobody

in their right mind would trade H33HKD at Turnkey with a 23 - 24 index point

spread … these people are clueless, and it transcends right over into crude oil

as well.

Oh boy, the “Greater Fool Theory” alive and well in gold … somehow people

believing the FED is gonna cut rates Wednesday, so let’s bid gold up

… “shhhhh, don’t tell ‘em that FOUR …. Yes, count ‘em … 4! … rate cuts are

baked into the cake for the next 12 months” … buy the rumor, sell the fact has

never been prettier! … and what if they aren’t “dovish” enough? … Houston, we

got a problem.

And again, we’re seeing it in gold today, where from the moment New York

shows up, it’s a straight crawl North, without any … and I mean ANY corrective

patterns that normal, non manipulative trading behavior would exhibit … and this

is a very real problem in gold, almost to the point of proving it’s not a market

anymore, but simply a manipulative scheme … and only when the scumbag

bullion dealer banks sense that the last dollar of buy power has been thrown

into the pile by specs … and they gauge this via their multi million dollar

computer systems … well, that’s when the “Thelma & Louise” move comes in

seconds … quite frankly, none of this has anything to do with trading, and

everything to do with manipulative behavior designed solely to separate traders

from money. This entire “shitshow circus” is a joke … in this scenario, when the

correction comes, it won’t then go back up cuz there’s no follow through to

anything … essentially it’s a “one & done” scheme.

Here’s where the infamous “Flying Wedge of Death” [FWD] comes in and

destroys traders, cuz they’re looking for some kind of follow through … and

when it doesn’t come and they get trapped by the scumbag bullion dealer banks

at the end, it’s vicious on the turn as everybody scrambles to find a chair when

the music stops. They have the definite advantage, we most definitely DON’T.

Well, that move to nowhere trapped longs at the top, looking for a new high to

sell on buy stops … never happened, though, and down we go … and when you

realize what’s coming on Wednesday, you should come to figure out pretty

quickly days like today are crap. What we really need to see from gold, which

we aren’t getting, is CONSISTENCY … $20 moves one day and $5 the next aren’t

gonna cut it … it’s either feast or famine, and it makes trading at times

impossible, if your goal is profits.

Here we are at 2 PM EST, and if there ever were a need for a mercy killing for

markets, this would be it … absolutely zero going on … gold is where it was 20+

hours ago, and since then has done little except go up/down a few bucks and

separate accounts from their money, straight into the hands of the manipulator

banks … some days I really hate this business … don’t think tomorrow will be

any different on that score, nor Wednesday leading up to FED time.

I can’t take any more of this crap today … a total clusterfark of chop … until

tomorrow mi amigos … Onward & Upward!!

Have a great day everybody!

-vegas