“O’ market, can I trust you now!?”
For the better part of 3 ½ years, going on to 4 as we move into 2020, GBPUSD has
been held hostage by the forces manipulating “BREXIT” … how many times have
the mistress funds benefited from planted headlines, leaked rumors, and mounds
upon mounds of POL & Apparatchik horseshit? … well, more times than I can add
on my calculator … and then we come to the defining moment of the Brit general
election held the other day, and Bingo!, Bango!, Boom!, it appears the nightmare
of manipulated FX, at least as Cable is concerned, might just be over & done with
… too early to tell yet, but GBPUSD ranges have started to “break out”, and the
key question is, “will Cable grab back its glory from years gone by, and recapture
its nickname from yesteryear, and become known again in the market as
“The Widow Maker”?
Directly below, 2 monthly charts; the first is Cable from 2000 - 2013, and the
second is from 2013 to the present day … I’ve made the grid on both as equal as I
can get it using the MT4 … notice the difference between the first and the second?
click on ANY chart to enlarge
Quite the difference if you ask me, and you can see that over these last years,
GBPUSD has been put in a cage and chained up from its previous history … all
thanks to the morons who’ve delayed & lied about BREXIT since the start of 2016,
leading right up to the referendum in June 2016 … so the $64,000 question
becomes, “Is GBPUSD ready to resume its role as the “Widow Maker”, or has it
forever been changed into something far less volatile”?
Now that BoJo is PM and BREXIT is a done deal, the only questions remain as to
how he gets it done and what the exit agreement looks like for both the U.K. & the
E.U. … and so, it would appear trading in Cable can go back to economic issues,
and the political issues its been trading on for almost 4 years can go “buh bye”!
… or not, we’ll have to wait and see … but it does look promising in the weeks
and months ahead, and quite frankly nothing could be better news for the FX
markets than a volatile GBPUSD, cuz it would bring back volumes & liquidity its
lost in recent years. The last few days have seen markedly higher ranges in
GBPUSD, and we will simply have to wait and see if this is short lived or if it can
continue … and if it continues, GBPUSD can go back to being “tradeable” … what
we see now is a clear moment of “clarity” for Cable … throwing off the shackles
of manipulation or continuing to be held hostage to POLS & Apparatchiks and
their various mistress funds? … let’s hope the former, cuz it would be good for
markets everywhere. And more importantly, now that Brexit is over and done with,
it’s time after an almost 4 year hiatus, to go back to Cable as a trading vehicle
… “yea, I’ll give it the “benefit of the doubt” for now, cuz it looks like “two way
horse trading” is making a comeback and the manipulators sidelined … I’m not
going to rush into it willy nilly, but GBPUSD is back on the PAMM / MAM RADAR
screen, and looks to be a viable trading market once again … please remember,
Cable has historically been the “loose cannon” of FX, and it sings its own tune,
not being particularly correlated with anything else in FX, including gold … in the
past, that meant good ranges, higher than average volatility in the FX space, and
plenty of profit opportunities during the European & U.S. sessions … trust me,
back in the day when pits ruled the world, they didn’t call it the “Widow Maker”
for nothin’ … it rocked and it rocked hard, and its ranges and movements left
plenty a trader in the “Traders Graveyard” that ended up doing “stupid shit”
… party on Garth, let’s get this freight train moving again”!!
NOW FOR SOME TRULY GREAT TRADING NEWS!
Trading GBPUSD has never been easier, especially when you have the right place
to trade … Open an account through my affiliate link at PRIMEXBT, and fund it via
BTC with anything you like, with the goal of trading GBPUSD, and I’ll send you
the “Traders Course” [TC] for FREE … did you realize there IS NO PLACE BETTER
TO TRADE FX THAN PRIMEXBT!? … from 0 - 300,000 notional you get 1000X
margin … that’s right 0.1% notional margin … trade 1,000 GBPUSD [10 cents per
PIP], and the margin is $1.31 … I’m not saying utilize this kind of leverage, but
what it means is that you can pick your risk appropriately … the bid/offer spread
at PRIMEXBT for GBPUSD today was running 0.3 - 0.5 PIPS, and the round turn
commission is at an approximate 2 cents per 1,000 notional … and what this
means, is that YOUR TOTAL NET COST TO TRADE GBPUSD IS AT OR UNDER
½ PIP! … seriously folks, you cannot find me a better rate than that, I don’t care
where you go! … and the best news is that execution time on your market orders
are instantaneous, coming in at a few milliseconds with no slippage I could detect
… throw in crypto and crude oil, and if you’re not trading here, YOU’RE GIVING
MONEY AWAY FOR NOTHING! … PUT THE ‘HOOVER DAM” MONEY BACK IN
YOUR POCKET … [or send it to me via BTC and I promise I’ll waste it!]
With GBPUSD coming back into the fold, now that BREXIT is over, I’ll be
updating and creating a new TC chapter this weekend on GBPUSD … what the
best signals are, how to trade it, etc. … those that already have the TC, it will be
sent to you automatically on Sunday … those of you who don’t have it, you’re
missing the boat … You know you want to, so go ahead and sign up for an
account and get it!
And before I get to the “Tulip Bulb 30” for today, I know I have a lot of readers
from Australia … G’day mates! … trade AUDUSD at PRIMEXBT AT 2 - 3 TENTHS
OF A PIP SPREAD, WITH ROUND TURN COMMISSIONS OF 1 TENTH OF A PIP
… that’s total round turn cost to trade of only 0.3 - 0.4 PIPS! … AUDJPY is a
favorite as well … SPREAD OF 3 - 4 TENTHS OF A PIP, ROUND TURN
COMMISSION OF APPROXIMATELY 1/1/2 TENTHS OF A PIP … when’s the last
time you traded AUDJPY for total net cost of ½ PIP OR UNDER!? … and the list
goes on and on. Forget crytpo & crude oil for a sec … IF YOU’RE NOT HERE
TRADING, YOU’RE GIVING AWAY MONEY!!
And I’m just tellin’ y’all right now … when PRIMEXBT gets their PAMM / MAM
program up and going in Q1 2020, I will be “smokin’” this place like never before
… truly, BETTER THAN floor trading conditions from back in the day … I mean,
seriously, what more could you want in terms of trading conditions, cuz they are
all around, the very best available … and it comes with balances in BTC, and of
course NO KYC to open an account and start trading … from the time you open
an account to the time you make your first trade, it could be in as little as a few
minutes … amazing.
Meanwhile overnight, bad news out of Europe for giant consumer stocks, as
those stocks got hit rather hard on downbeat earnings projections going forward
… of course, they don’t have the “Plunge Protection Team” [PPT[ over there to
stem any and all downside action, like the U.S. has, so that quick knee jerk
reaction of the U.S. indices lower got quickly bid higher … “you know, for the
children of course” … just another “shitshow circus” moment in time for the
manipulators and U.S. markets in general, as they are forever manipulated higher
and cannot be allowed to ever go lower again … until they do and SHTF … and
that’s the reality of the “88/6/6” trading paradigm U.S. indices markets enjoy
… it’s all milk & honey until the back “6” shows up, and then it’s hell on wheels
racing straight down … as I’ve stated many times, “avoid the back “6”, and
you’re gonna need a bigger ship to carry away all the money you make from the
front “88” … pay no attention to the back “6”, and it will destroy your account
faster than Corbyn election results, as it takes money away from you quicker
than you can imagine”.
As we head towards the NYSE cash open, it’s “full speed ahead” for the
manipulators in the “Tulip Bulb 30”, having erased almost all of the overnight
decline … “hard work for the PPT, I do hope the dears get proper sleep &
nourishment” … and the signs of manipulation are everywhere to see on the
charts … it’s so glaringly obvious, you’d have to be a fucking retarded kitten not
to see what’s going on … but hey, it’s for the children. “Ho hum, the band on the
Titanic plays on”!
Notwithstanding the utter horseshit that happens every single frickin’ day at the
NYSE open, where for the first 5 minutes, every “Chipmunk” [viz., large hedge
funds, mutual funds, ETN’s & ETF’s] gets fed and manipulated by scumbag
banks who can see institutional order flow, and then front run the shit out of
those orders so they can be filled at the top, this day has sucked so far
… extremely choppy here at mid morning, where it appears the FED QE “funny
money” hasn’t been enough to get the SP500 above 3200, and there appears to
be some selling up here … ah yes, but it’s early yet, so don’t discount the
manipulators later in the day as time starts to tick down to the close.
Quite frankly, up here in “manipulator heaven”, where no price for any stock,
errrr tulip bulb, is too high, my “RADAR” smells a very big trap being set up for
bulls and much higher prices … trading action up here absolutely stinks, and I
have a very short fuse for long positions. Make no mistake, this is what
manipulators do in the present day … they crawl it up to make you think
everything is “A-OK”, and then they pull their bids, price falls rapidly and longs
get clipped while sell stops get hit off, and then it’s rinse & repeat ‘till the cows
come home … don’t fall into the trap of buying rallies in the “Tulip Bulb 30”.
Well, that escalated quickly to the downside, didn’t it? … 40 minutes to take it up
to a new high for the day, about 8 minutes to take it all away … “and, just like I
said above, now they’re crawling it back higher again … anybody but me see a
pattern here? … Bueller? … Bueller”? … as the manipulators are in total charge
of stocks, this day has turned into crap in the DOW30.
One good algorithm buy signal today in DOW30 … FX CHOICE PAMM / MAM
UP 0.1%.
With about 90 minutes to the close, not a very good DOW30 range in the NYSE
session, coming in around 60 - 70 index points … extremely choppy and
uneventful, and the up/down bid/offer quotes simply vicious in scope … not a
very good day to trade the DOW30.
The GOOD NEWS!!!! … Hooray! … is hopefully Cable is back baby, and with it
some badly needed VIX in FX, as it copes with historic 40 - 50 year lows in
volatility. I’m not sure EURUSD & USDJPY are back, cuz they are still being
manipulated, and I would be careful about the crosses with them … but Cable is
a different animal and always has been … bring it on! … until tomorrow mi
amigos … Onward & Upward!!
Have a great day everybody!
-vegas
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