SIDESTEPPING RISK

“Took a position overnight? … this is what you bought yourself!”

Last night will forever be remembered as the night certain Mullahs learned the

hard way that Donald J. Trump isn’t Carter, Clinton, Bush, or Obama … and

others with positions, whatever they may be, learn equally well what the word

“risk” means … unfortunately, it’s too late for the dictionary, the market has

showed you up close & personal.

People never learn, especially those who live inside a bubble of their own

making, then will tell everybody after they got destroyed, that it wasn’t their fault

… and so, when I tell people to avoid risk by not taking positions home overnight

or over the weekend, I get the “eye roll” or shrug of the shoulders, and WTF is

he talking about? … well Skippy, today you get to find out!

“Plunge Protection Team” [PPT] working overtime today … remember, they’ll let

you sell and slap the indices down … they’re not there to sop up selling like a

sponge soaks up water … nope, they’re there to punish your ass when you’re

done, cuz they’re gonna make you look like a complete dope for selling into a

mini meltdown … and today, sure enough, all I have to do is ask the question,

“what changed in an hour from 14:00 to 15:10”? … “I’ll tell you what changed

… the PPT got word from the scumbag LP banks that selling had dried up … and

Bingo!, Bango!, Boom!, stocks miraculously take off to the upside by about 100

“Tulip Bulb 30” index points … what a coincidence, huh”? … what escalating

tensions? … what war? … what? … new recorder-er-er-er-er all time highs by the

close … oh it’s wonderful to believe isn’t it? … “Dr. Goebbels call your office, or

please pick up the white courtesy phone”.

Feel manipulated yet?

And like the sun coming up in the East every morning, count on the PPT to be

there any time the “Tulip Bulb 30” is down more than 0.5%, and the market starts

to go down … meaning of course, on the cash NYSE open, here they come that

didn't take very long did it? … It’s always nice to ride their back to “victory”, and

let them do the heavy lifting … and of course, shorts get killed by the tune of 140

index points in 4 minutes right in their face … it’s good to be a gansta! … please,

don’t even call this a “market” … it’s an overt Ponzi manipulation scheme to be

taken advantage of and profit … but a market? … what a fucking joke.

On days like this, where there are significant geopolitical events that shape

markets, and what I’m talkin’ about is the “risk on / risk off” paradigm, what you

have to remember about GBPUSD [Cable] is that the GBPJPY cross drives a lot

of trading, and USDJPY can be … can be … a big “risk on / risk off” driver of

Cable through the cross … and today sees major flows into the “risk off” circus

tent … so when I get up and see the destruction early this A.M., I know ahead of

time that trading Cable today is going to be very, very rough … and sure enough,

as people melt up & melt down stocks with abandon, Cable is gonna piggyback

stocks higher and stocks lower, and you can forget everything else … of course,

the problem is if they stop correlating, and if you're on the wrong side it could be

very painful … no guarantees evahhhhhhhhhh that the correlation trade holds

up … and so, this is a great big invitation to the “Flying Wedge of Death” [FWD]

to show up, and yes it did!

One algorithm trade today in Cable in the TURNKEY PAMM / MAM … UP slightly

in chop.

This was tough trading, and conditions didn't help one bit … by mid morning, it

felt like European accounts were headed to the exit gates … and that means

trouble for traders simply cuz you don’t want to be dealing with the ‘CRIMINAL”

New York banks … guaranteed shit fills, and lots of slippage, from the likes of

Squid, JPM, and the other undesirable Hustlers that call Wall Street home … fuck

these guys, I’m not doin’ business with ‘em … they’re thieves, plain & simple.

Hopefully come next week, as the entire world comes back from Holiday, trading

conditions improve.

Noon in Gotham, and the manipulated Ponzi scheme known as the “Tulip Bulb 30”,

hasn’t broken its opening, 4 minute PPT ramp range … nothing says lovin’ like the

PPT manipulating stocks … after that, it’s a clusterfark of chop.

One algorithm buy signal in the DOW30 today … FX CHOICE PAMM / MAM UP

SLIGHTLY MORE THAN 0.5%.

Thank you manipulators for the profits … keep up the good work for us.

And now, here in the Friday afternoon trading with ‘CRIMINALS” making a market,

who wants to make a friend? … well, I don’t … outta here early today, back at it

Sunday night … blog update on Sunday … until then mi amigos

… Onward & Upward!! 

Have a great weekend everybody!

-vegas