“Life & trading metaphor for March 2020!”
I dunno cuz I wasn’t around then in 1929, but it seems to me March 2020 goes
down as the absolute worst month EVER on record for financial markets … and
so why not end the month today with a complete fucking joke of a “trading” day,
where the pretend masters a/k/a scumbag LP banks, have made another
mockery of anything approaching what anybody would call a “market” in FX
… starting last night minutes before China opened, with a 4 M1
“Thelma & Louise” that took Cable down some 140+ PIPS before rocketing
back about 80 pIPS in seconds … nice stop hunt scumbags, that the ChiCom
financial MSM said was due to “end of quarter” dollar flows … “are these people
as stupid as the dope who bought 40 large the other day in the SP500 during the
last minutes of trading on the NYSE? … do you just go in at the “Tokyo fix” and
tell the scumbag bank you need “X” large and NOT worry about price? … exactly
what is it you do here?, cuz a chimp could do that, and more than than likely do
it better than the moron in charge of corporate dollar flows”!
And since that escapade, it’s “sleepytime” until 12 hours & change later, when
the FED announces a brand spanking new swap line for FX, and Cable goes
through another up spike from hell, going 50 PIPS in under a minute to a new
high … tallying the score, that’s 5 M1’s that account for the entire fucking day’s
range half way through the trading day, and so far about 175 PIPS … 800 minutes
of pure bullshit, and 5 minutes of the day’s range … but why should today be
any different than the previous 21 in March, where it’s mystery ticks galore,
spikes from hell, and stop runs by the usual suspects every 5 minutes or less?
… and so now, how many hours can we spend in Cable between the tips of that
one M1 spike?, as the minutes drift by and it’s back to horseshit chop like
nothing ever happened … OK, who wants to call this a “market”?
Not that it’s any better anywhere else on the MT4, cuz it isn’t … and since the
scumbag LP banks have taken a beating this month, time to introduce the
“trading tax” we all get to pay so they can get the money back from everybody
PIP by frickin’ PIP over the days and weeks ahead … wide bid/offer spreads for
no reason, slippage put on “triple fuck you” MAX, and by the end of April they’ll
have all their money back from March 2020 … so far today, it’s “mission
accomplished” from the casino operators, as they’ve flushed the longs, and
then went after the shorts, both sides getting clipped in seconds far and away
further from their stop levels than they realized possible when the trade was
entered, and now what? … what levels of hell does the U.S. session come forth
with, and what other surprises await traders from the “helicopter money” crowd?
… and of course, all at the speed of light … then crickets.
From where I’m sittin’, I see behind the scenes intervention by central banks for
Cable, pushing it relentlessly higher … why, I haven’t a clue, unless it’s part of a
Trump administration general push for a much weaker dollar going forward
… the shit simply will not break, no matter what they throw at it, including last
nights horseshit stop hunt on the downside, or the ones we’ve seen since the
NYSE day has started … from the European open, we’ve been straight up 130+
PIPS, with nary a pullback that lasts very long, and that to me smells of
intervention.
What can you say about a day, where everything, every move, has been sheer
panic … both up & down it doesn't matter … Cable is either a runaway freight
train going up, or it’s falling off a cliff, with almost nothing in between except
periods where it’s “scary quiet”, and then comes the next explosion … up, down,
rinse & repeat over & over again today, it’s exhausting the level of pure bullshit
this market exhibits, on moves that go ‘till they ain’t no more, turn around on a
frickin’ dime and start the panic in the other direction … whatever happened
years ago in “The Widow Maker” trading pit, pales in comparison to what is
transpiring today and for the last couple of weeks … I’ve never seen anything
like this, and the level of speed at which this shit moves is frightening.
Plenty of algorithm buy signals today in Cable, to “Hoover Dam” bad that every
single one was blown through like a Stihl chainsaw on high going through a soft
stick of butter … for example, one of them had a buy signal at 55, and the market
is trading at 38 bid - 40 offered … blink my eyes, and Cable is at 85 … “WTF is
that”? … click the button and get filled at the top of the up spike, and 4 minutes
later it’s back to 50 … now what? … this is what the whole day was like … there
simply is no room for signals … market goes so fast, and moves so viciously,
there’s no chance for a decent & fair fill … and then when it turns, look the fuck
out the other way, cuz there are no rules as to what this shit can do, how far it
can go, and whether it’s gonna stop before it literally destroys your position
… sure, you can use a stop, but if it gets hit off on one of those spikes, you’re
not gonna like what comes next … quite frankly, and this is no exaggeration, it’s
a nightmare controlling risk.
Gotham P.M., and that means the criminal banks of New York making the market,
and no thanks to that shit … I don’t care where they take this stuff before this
evening's China open … simply glad to be out of March 2020.
No trades today in the TURNKEY PAMM / MAM.
I have no idea how this shit settle the hell down for decent algorithm trades … it
can’t keep trading like this, cuz it’s too crazy … everything eventually has to
appear in markets, and I guess it’s time to be bat shit crazy … the algorithm can
handle bat shit crazy, but what neither it nor anybody else’s algorithms can
handle is unbridled panic both up & down the entire day, with no handle the
severity of the order flow panic … this is as FUBAR as I have ever seen an FX
market, as FOMO on both sides kicks in and we get some unreal moves in a very
short time period … onto a new month … until tomorrow mi amigos
… Onward & Upward!!
Have a great day everybody!
-vegas
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