“Be careful what questions you ask, you may not like the answers!”
It’s a case of 1) before, and 2) after … before the electronic era that started
roughly around 2001 - 2002, and after this time when scumbag banks took over
… “before” it was discovered, banks were like everybody else, where they came
into an open marketplace and tipped their hand for what they wanted to do
… essentially, it was all human psychology at work, the great “fear & greed” game
… then came the scumbag LP banks and high speed internet trading, to the point
now after about 2 decades, they control 100% of all trading activity around the
world … they are the market makers in futures, and they “are the market” in
CFD’s … doesn’t matter which market you want to talk about, a group of banks
are the ones that control it, and determine if any of this shit goes up or down and
when … from this perspective, today markets are “invented” … it’s a global Ponzi
scheme where they control everything, with ZERO accountability & LESS THAN
ZERO transparency.
And so, the only way to win is to play the manipulators and understand how
“markets” [cough, bullshit., cough] are purposefully schemed to rob the trading
public of all their money, so that it ends up in the banks pocket, from which the
graft & corruption is paid out to the usual suspects … the financial MSM’s job is
to convince you it’s all random and/or it’s the news cycle that made the market
move today … you believe that, come talk to me about that “soon to be” ocean
front property I got for sale in Kansas … outside of the big hedge fund players on
the sidelines that have bids/offers in the market, who is it that is always there
“supposedly” making a market, and buying as it goes down an selling as it goes
up? … it sure as hell ain’t “Ma & Pa” from Des Moines.
Throw in the important fact that central banks will step in and place very large
bids/offers among a group of banks at just the right time, and the “wink wink,
nod nod” fix is in … and when the freight train of price movement starts to head
the other way, who’s stuck and needs help, and who’s in charge?
… “fun-durr-mentals? … sure, whatevs … I got some Unicorn meat for sale, want
some”? … so, if they’re buying on the way down or selling on the way up to
traders everywhere, they understand completely that they need to do whatever it
takes to get you to believe the move is over and now it’s time to liquidate
… sure, a few will win, but most won’t … and now it’s time for the “spikes from
hell”, mystery ticks, and stop hunts … and trust me, they know exactly where
specs place the stops … bottom line is simple … they win, the trading public
loses … just as exactly the way they wanted it … this goes on every single
trading day, and it won’t ever stop, cuz it’s the “grease” that allows the world to
run.
Where do you begin with this bag of poo for today? … good grief, talk about a
loss of IVIX [intraday volatility], hour after hour of nothing, and then here comes
the Bingo!, Bango!, Boom!, and within minutes it’s all over … “speed of light,
crickets”, so what else is new? … no way to sugarcoat this … one of the worst
trading days I’ve seen in FX, simply terrible, with a big fat non event in late Asia
and the European session, and the New York session so far nothing but a stop
hunt, both up & down, with some steep stop loss selling below yesterday’s low
… here in the Gotham afternoon, it’s only going to get worse.
Two algorithm buy signals today in EURUSD … TURNKEY PAMM / MAM UP
SLIGHTLY.
Two signals that were good, both coming off lows made for the day, but the
trading action wasn’t conducive to hanging onto them … sure, in hindsight they
would have yielded us more from where I liquidated, but in these markets there
are no second chances, and I have no intention of getting caught in a dealer led
stop hunt where we end up being the “buy fuel” … if it’s not moving or trading, I
don’t want to hang around and find out what happens next … the entire premise
of algorithm signals are “pinpointed” for moves NOW, not 4 or 6 minutes later, or
some other time period of your choosing … this allows us a very good
reward / risk profile while being positioned where we’re supposed to be for profit,
by properly identifying manipulator behavior in a highly probabilistic
environment for our success … anything other than that, fugetaboutit!
In any event, onto tomorrow … until then mi amigos … Onward & Upward!!
Have a great day everybody!
-vegas
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