THE MANCHURIAN TRADER

“Wait a sec … I thought this was supposed to be random!?”

Traders often face ruin through what is more popularly known as “gambler’s ruin”

… that is, a preconceived, misguided notion of what randomness really means

and how it acts, and then doing the exact thing that brings about heavy losses

… and it should come as no surprise to my readers, cuz I’ve been saying so for

like forever, that most are nothing more than “Pavlovian dogs” waiting for

somebody to “ring the bell”, and then they can act … “and the banks say, “Queen

of Hearts”, and traders race to buy and/or sell and the banks stand there to take

the other side, thus fleecing specs again for the umpteenth million time … and

the truly amazing thing is, they end up making you believe it was all random”!

What never ceases to amaze me, and has always been thus in one form or

another, are the sheer numbers of “trader millionaires” dotting the YouTube

landscape … and what you’ll notice if you look carefully, is that no matter the

model or system they’re touting, the charts they reproduce are mostly the same

… namely, markets moving in some kind of up/down “trend” that they can take

advantage … “Yup, that’s great 10% of the time, but what happens when it’s

nothing but “chop city”  the other 90% of the time and specs get ripped to

pieces? … hell, if EURUSD had a 300 PIP range everyday, ANY MA system simply

has to catch the move ONCE to one of the extremes and it’s “champagne &

caviar” for everybody”! … which brings me face-to-face with the oft quoted

remark about lagging indicators, that it’s like driving your car down the road by

looking in the rear view mirror … great if there’s no turns or twists, but how

good would you feel driving this way in the mountains?

What the vast majority of traders miss are 2 key critical elements to trading

… 1) what can you give me in “real time” that CAN’T be manipulated by the

scumbag LP banks, the FED, or the “Plunge Protection Team” [PPT], that can

give me invaluable information about the state of the market?, and 2) the shifting

sands of IVIX [intraday volatility] … so, can you address these two items? … and

directly underneath both of these, is your trading model “deductive” OR

“inductive”? … don’t know? … then you got no chance of consistently winning,

cuz the banks will skin you alive while you say, “thank you kind Sir, may I have

another”?

Grifters gotta grift … no matter if it’s FX or “Stock Bellies”, Pols, Apparatchiks,

bank scum, brokerage house scum, regulator scum,  they ALL take turns

skimming markets for the mistress funds … today sees a “twofer” … first up

the planted Reuters headline about the E.U caving on fishing rights to the Brits

via BREXIT … can’t get the shit to move 20 PIPS in 5 days, but get the

appropriate parties lined up and ready to go, and all it takes is the headline and

it’s off to the races on the upside in Cable & EURUSD … “Dear Regulators: This

upcoming weekend, place some of your lazy ass, porn watching investigators

into Lambo dealerships in Zurich, Geneva, Rome, Berlin, etc., and note the pretty

20 somethings picking up “shiny new red ones” and simply follow them … this

isn’t exactly “Hawaii 5-0” stuff of legend, but you’ll know pretty quick who

funded the wheels … next up the Chairman of Merck, letting the cat out of the

bag, that the hoped for vaccine might not be the slam dunk everybody buying

stocks thinks it is … “hmm, I’m wondering why he felt that at that exact moment

the world needed to know his opinion”? … and in an amazing coincidence, right

as “Ma & Pa” and a host of specs are long the “Tulip Bulb 30” at the top, and

desperately searching for a bigger idiot than themselves to unload stock onto,

“down goes Frazier” … these “coincidences” sure do have a pattern don’t they?

So while the DOW30 can move 400+ points overnight no problemo, get it into the

money laundering grifter portion of the day a/k/a the NYSE session, and all that

“grift” the PPT along with the SNB took for their own, now it’s being distributed

slowly over time to the Chumps buying the top … nice & neatly washed through

various FAANG stocks of course, to come out the other side in prestigious

brokerage accounts … “it really is great to be a gangsta”!

One good algorithm buy signal today in the DAX30 … TURNKEY PAMM / MAM

UP SLIGHTLY [add today & yesterday, and UP slightly more than 0.1%].

Usually the DAX30 can be expected to produce a half dozen to a bakers dozen

buy signals in the European session of trading [09:00 - 19:00 server time, or 3 AM

EST - NOON EST] … today we got a couple, and you can thank the “merry romp”

of the PPT & SNB during the Asian session for today’s lackluster trading action

in Europe … in short, a bucket of shit … to be fair though, I did miss one signal

cuz I got cute with a limit order and missed the move, so there actually were 2

good signals … a few others came close, but no cigar.

And as you can tell from today’s action, once NOON EST rolls around and Europe

closes, that’s usually it for the DAX30… today no exception … outta here … until

tomorrow mi amigos … Onward & Upward!! 

Have a great day everybody!

-vegas