“Lying scumbag central bankers … but I repeat myself!”
Yesterday sees ECB head honcho Super Mario, get caught in a lie at his presser
… that it caused wild gyrations in gold, stocks, bonds, and other financial
markets doesn’t concern these asshats … it’s the “narrative” that matters
… central bankers as liars isn’t even news anymore, it’s so common … this should
tell you all you need to know about so called “markets” these days.
I never trade when these liars & crooks, e.g. Super Mario, Spicoli, or other
Apparatchiks of power & control over markets, strut to the microphones and wax
eloquent via streams of double speak bullshit … the probability of unexpected
and violent moves are much higher, and if you get caught on the wrong side of
one of these barrages of horseshit, it’s lights out with much higher losses than
previously anticipated … meanwhile, there is no discernible opposite effect for
any gain.
To say a few traders got torched by Super Mario is a gross understatement, but
why should anybody be surprised that central bankers lie? … for that matter,
include POLS, other Apparatchiks like FED chief Spicoli … who’s surprised?
… certainly not me, as I don’t trust a “Hoover Dam” thing they say or do … they
are all puppets for their elite masters of the 0.001% … next up next Wednesday,
where Spicoli gets his turn to lie his way through a presser, and do his best to
keep the stock market propped up, cuz that’s the only indicator the FED cares
about.
Let’s take it a step further … why should anybody be surprised that there are
large hedge funds & scumbag banks that know in ADVANCE, what economic
indicators are going to show, OR what the lying FED PIE HOLES are going to say
before they say it … we’ve seen so often “scumbaggery” of epic proportions
seconds before NFP reports, FED interest rate decisions, & other events, where
moves come seconds before the release, only to see them be 100% correct ALL
THE TIME … how the hell does this happen? … so it isn’t simply the lying, it’s also
the cheating, stealing, and raping of trading accounts to fill the coffers of banks,
who then turn around and distribute the loot to POLS, Apparatchiks, regulators,
exchange pooh-bahs, and brokerage house execs to “look the other way”
… nothing to see here Sheeple, move along now.
This could all be easily rectified if everything were distributed over the weekend,
on say Saturday mornings, but it never will be cuz that would eliminate the
“payola loot” they all enjoy … “nothing says lovin’ like a bag full of cash in your
garage first thing in the morning … hey honey, look what I just found! .. wonder
how this got here”? … wonder indeed.
So today’s action sees us get closer to next Wednesday, where all hell breaks
loose at 2 PM EST … until then, it’s apt to be nothing more than stop hunts,
mystery ticks and spikes, and general “scumbaggery” on the part of the scumbag
LP banks, as they chip away at spec accounts like sandpaper over a piece of
wood … it’s Friday, and the battlefield is loaded with landmines.
The DOW30 has seen this week a smashing of VIX … every day this week, the
daily range over 50% below the 20 Day Range MA … you think this is a
coincidence going into the FED meeting this upcoming Wednesday on
September 18? … I sure as hell don’t … this is what manipulators do to bleed
shorts. In any event, at the same time VIX is getting annihilated and trading
action goes “sleepytime”, the Turnkey scumbag LP’s see the need to raise the
bid/offer spread from 1 - 2 index points to NOW 4 - 5 index points, and too
frequently seeing 6 -7 index points … wait, Wut? … sure, makes sense if you’re
a scumbag bank, cuz lower trading action means lower trading revenue, and as
we all know they got to make their money somehow, so why not double or even
triple trading costs to dumb ass retail spec accounts to make up the difference
… “nah, nobody will notice”! … and what do we get by getting a gun stuck in our
collective faces via petty highway robbery from these asshats? … “absolutely
fucking ZERO, that’s what”!!
This is a market I was looking forward to trading with a 1 - 2 index point spread
… when shit was crazy and the DOW30 was putting in 500+ index point ranges,
just scant weeks ago, the bid/offer spread held at 1 - 2 index points the ENTIRE
DAY … as I’ve said, every day this week, it’s been 50%+ under its 20 Day Range
MA … we can’t even get a 150 point range today so far … so what do the
scumbag LP banks do in response to this? … EASY PEEZEE: “Let’s raise the
bid/offer spread to 5 - 7 index points … the rube specs won’t even notice, and if
they do, fuck ‘em”! … and here we are … so, with a nothing range and a market
going nowhere, what the scumbag LP banks are really saying is, “we won’t allow
ourselves to get picked off by spec scalpers in a market that’s going nowhere
… why should we allow you to profit at our expenses when the DOW30 goes up 7
points and then down 7 points? … you pick us off and make money at our
expense all day long, and from where we sit, if anybody is gonna do the fuckin’,
it’s gonna be us”! … and there you have scumbag bank logic at its finest.
Right now, and up and until the morons in the Eccles building finish their idiocy
next Wednesday, gold is dead meat walking … I don’t see the August 13 low of
approximately 1478 getting taken out, and I don’t see anything above 1510 having
legs … sure, we’ll still get the general “scumbaggery” the bullion dealer banks
will pull, with vicious up/down spikes from hell … the problem comes if there’s
suddenly “headline news” from the usual manipulative suspects that jack the
market one way or the other and can change the trade dynamic violently past
1510 or 1478 … and given what we’ve seen lately, I don’t think you can ignore the
real possibility of some really dangerous spikes that can’t be recovered if you’re
on the wrong side. What bothers me more than anything, is the fact that
positioned longs are still “stuck” in gold, hoping for a rally … if they get nervous
from now until Wednesday and start liquidating, anything can happen in this
market to the downside.
Which brings me to Cable [GBPUSD], the third pair we look at for trading … lately
it’s been a “Jekyll / Hyde” affair, with some days having good ranges, and then it
puts in days where you’re looking at death on a stick with something like a 50 PIP
range … it needs more consistent volatility, and less the “one day wonder”
BREXIT bullshit that hits the headlines … we need this BREXIT shit to end
already, and life goes on … even the HFT’s have stopped trading Cable, cuz
they’re tired of getting ripped off by the POLS & Apparatchiks feeding the
mistress funds via BREXIT headlines that are part true but mostly bullshit. To get
actively involved again, we need to see 2 things here: 1) do something with
BREXIT and get it resolved for cryin’ out loud, and 2) a higher 20 Day Range MA
… at least for now, Cable is a death trap.
I really don’t know what to do with Turnkey … they’ve literally ruined their crude
oil CFD, their CFD in the Hang Seng Index [H33HKD] is tied with Coinexx for the
absolute WORST SPREAD in the entire brokerage universe worldwide, so that’s
gone … and currently, they’re in the process of ruining the DOW30 CFD … and
nobody will explain to me why their XAUUSD spread, that used to be 7 - 11 cents
per OZ., is now almost double that … most days now it’s between 12 - 18 cents
per OZ. … what do we get for seeing our trading costs almost doubled from
before? … Do we get faster execution times and non existent slippage? … NO?
… what then? … we don’t get shit is what … meanwhile, other brokerage houses
… you know, their competition for trading business? … yea, theirs go lower and
lower … so when you tell me “duh, market conditions, duh!” and scream total
ignorance and it’s all the banks fault, I got one simple question.
That question is this: “do the other houses lose money intentionally under
“volatile” conditions while their spreads stay the same or change minimally?
… how do they seem to be able to offer Hang Seng trading for a fixed 5 index
points with no commissions, and you’re at 20 index points with commissions?
… I could go on, but you get the point I hope … I’m not a dope, so don’t treat me
like one!!
And the money here isn’t insignificant … the difference is thousands of dollars
per year, that I guess they think we’re just supposed to hand over to them for no
reason other than pure greed … well, me thinks not Skippy!
Over the weekend, I’ll be finalizing the DAX30 algorithm for trading … if they fuck
this market up, I’m through with Turnkey for trading the PAMM / MAM and we’ll go
somewhere else … we’ll see how the DOW30 spreads act next week and see if
they go back to normal or continue with ripoff pricing … plenty of other places
that match or beat XAUUSD spread & Cable as well … so far, Turnkey has not
responded to my emails … oh, they eventually will, it just takes their “top notch”
support department a couple of weeks to get their collective act together and get
my correspondence into the right hands so they can see it … as always, I fully
expect they will feign total innocence and blame the scumbag LP banks for the
pricing, and tell me their “Tier 1” LP’s which go 25 deep are the best in the world
and I’m getting the very best bid/offer pricing available … it’s all horseshit lying,
but that’s what they do. So, we’ll see.
What is it I’m supposed to do here? … not much I can do when either 1) they
price you out of the market [hello DOW30], or 2) go lower when you want to buy
[XAUUSD] … some good algorithm buy signals in the DOW30 today, but if you
think I’m paying 7 index points to get in [with commission not counted] and then
get out, you need psychiatric help more than Turnkey. If come Monday, the
DOW30 continues with this ripoff pricing, I’ll be looking at the DAX30 if gold is
slow … so, no worries mi amigos cuz we always got markets to trade, despite the
brokerage house & scumbag banks doing their very best to destroy markets with
idiotic bid/offer pricing … trading is always a 3 part process; 1) fight the market,
2) fight the scumbag bank LP, and 3) fight the brokerage house from getting
screwed by #2.
I’m outta here a little early today, simply cuz my blood pressure dealing with
Turnkey & bank bullshit is in the purple zone, and nothing is happening anyway
… markets barely have a pulse action is so slow … the entire world has gone on
FED watch for next Wednesday … blog update on Sunday … ‘till then mi amigos
… Onward & Upward!!
Have a great weekend everybody!
-vegas
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