“Get used to pics like this … oh, and missed lattes!”
Well, even the math “whiz kids” at the Dept. of Unicorns & Fairy Tales can’t
make chicken shit into chicken salad … seems we’re in a depression! … or at
least, that’s what the numbers say, but who already doesn’t know this?
… amazing how a “Black Swan” pandemic lays bare the entire bullshit of
government at every level, and strips away the veneer of “Everything Is F-ing
Awesome, Baby!”, which is all we hear from the usual collection of Apparatchik
dopes who make their way to a microphone … “Dr. Goebbels, please pick up
the white courtesy phone or call your office”!
As per usual on NFP Friday’s, it’s nothing more than a 2 minute frenzied scam by
banks, who get to gouge the living shit out of dopes who trade news
… Christmas every first Friday of the month, this month no different … and as i
write, there goes the SP500 straight up, cuz nothin’ says higher stock prices than
a good depression! … with everybody either out of a job or dead from CHINESE
WUHAN KUNG FU FLU, imagine how high stock prices can go? … why, the FED
can CNTRL-P “QUADRILLIONS”!
Noon here in Gotham, and the bloom is off the rose … seems a very heavy dose of
reality has set in and stock indices ain’t rallying, but slowly going down 4 steps
up 3 for the last couple of hours and have hit a new low for the day … ditto in
Cable, only difference being the mystery ticks, spikes from hell, and stop hunts on
both sides … in other words, a normal day in GBPUSD, where nobody knows
nothin’ and nothin’ makes any fucking sense whatsoever … as I said yesterday,
it’s a game of who’s long and who’s short, and which side is getting nervous and
gonna puke first to the banks? … as a trader, you don’t need anything more than
that.
We should be seeing more algorithm signal trades in Cable than we’re getting
… problem is one of speed of the market through the signal … pricing in Cable
lately has been nothing short of brutal, and although today isn’t as bad as the rest
of the week, that ain’t sayin’ much … it comes with the territory … fact is, this week
has been a brutal week in terms of price and directional flow for Cable … choppy,
choppy, choppy can best sum it up, with more M1 spikes from hell than all the
other markets combined … add it all up, and if you get on the wrongs ide of one of
those, making it back can be very tough in a market environment that is the least
forgiving I’ve just about ever seen … add to that, today is NFP Friday, which
readers know of my disdain & loathing of this trading day, which most likely is the
worst day of the month you can choose to trade.
One good algo buy signal today in Cable … TURNKEY PAMM / MAM UP
SLIGHTLY LESS THAN 0.1%
This was a “muddling along” kind of week … risk far outweighing any reward in
the marketplace, especially given what the week before looked like … sure,
everybody is great in hindsight, the Mrs. coming to mind wanting to know why I
didn’t buy it “there” and sell it “there” … what’s the prob, big shot? … “here,
we’re in real time now, tell me what to do”! … [it then goes 12 PIPS straight up in
2 seconds] … “WTF was that”? … wait a minute, how come you didn’t buy it
“there”, and sell it “there”? … I gotta go get my nails done, I’m outta here! … and
so it goes, with the best laid plans of everyone, shredded in seconds by a market
that moves at the speed of light, but can sit like “crickets” for hours … and then
throw in the fact there are no rules in this market and it can go anywhere, and
you have a real problem on your hands sometimes … this week was one of those
moments.
Still up money, so don’t get me wrong, I’m not complaining, but the FX market
right now is not for the faint of heart … as I said yesterday, there is no “trend”
anymore, there’s only who’s getting their cashew nuts squeezed at the moment
and is there any “buy fuel” evident that can carry me to profit … if not, it’s a coin
flip … the scumbag LP banks very much on the prowl to take advantage of
“stupid shit”, as they front run corporate orders, hit off stops both buy & sell,
and squeeze the living shit out of anybody on the wrong side of any kind of move.
Blog update on Sunday … until then mi amigos … Onward & Upward!!
Have a great day everybody!
-vegas
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