WTF IS THIS?

“Nowhere more so than in FX!”

Did I mysteriously slip into a coma and it’s really Christmas Eve? … is Europe &

Asia on Holiday? … has the coronavirus destroyed brain functioning among the

living? … and you wanna call anything in FX this morning a “market”? … 15

hours into this clusterfark of nothingness to start the week, and EURUSD doesn’t

even have a 29 PIP range … yea, I’ve seen slow before, but this is ridiculous!

A crying shame the shit weasel bullion banks of the LBMA have ruined XAUUSD

with the “traders tax” … I don’t care what the range for the day is, paying $1+

bid/offer spread, then add onto that the inevitable slippage they’re gonna stick

you with, and it’s a “losers proposition” … paying upwards of 4%+ of the day’s

range to make a single trade is defined as “stupid shit” in my book.

Over in “wishful thinking” fantasyland a/k/a stock indices, prices elevating on

“hopium” from Moderna that a vaccine for the coronavirus has been found

… even if true, somebody tell me how all of the millions of jobs & small

businesses that were destroyed come back like nothing ever happened? … how

about the trillions of QE, does that go back into the Genie bottle? … a greater

Ponzi scheme the world has never ever seen before … NIRP here we come!

… make no mistake about it, you are living in a time of the greatest financial

malfeasance, corruption, and future destruction of your wealth & money ever

to hit the world.

Reversal day in FX today, with the small range giving way to the 20 Day Range

MA plus some, near the European close in both EURUSD & GBPUSD … strange

day to say the least, as somebody was hell bent near the close to touch 1.09 in

the Euro straight up the ladder from the 1.08560-ish area, no doubt to set off

perceived buy stops at the century level … a quick glance at the daily

candlesticks, and quite frankly the last 7 trading days have been a joke in terms

of range, given what we’ve seen since late February … meanwhile, gold getting

obliterated, down about $40 off the high … I guess everything is good again,

right? … how does that square with FX going higher? … as I said, strange.

Three algorithm buy signals today in EURUSD … TURNKEY PAMM / MAM UP

RIGHT IN THE MIDDLE OF 0.1% - 0.2%

All 3 buy signals perfect in terms of all parameters & timing … fills great, and

latency on fills great … why can’t they be like this in their CFD’s? …  and while

it looks like an active day from the daily range of about 120 PIPS, I can assure

you it was anything but that … very brief spurts of trading activity followed by

hour after hour of mind numbing nothingness … as I write, EURUSD breaking

above 1.09 and hitting more buy stops along the way and extending the day’s

range some, around 120 PIPS now, and no doubt the “MOMO” position trend

followers on the daily piling into LONGS cuz their moving averages crossed

over … “yea, good luck with that” … but hey, even a blind squirrel finds a nut

once in a while”! … and of course, the POL Pie Holes are open for business, with

both Merkel & Milksop Macron going “blah blah, yada yada” over a bailout fund

for Europe, and that got the ball rolling … apparently, somebody somewhere got

to both of ‘em and begged for mistress fund relief [with their appropriate cut of

the pie of course!].

European stock indices up big today as well, cuz nothin’ says “stock lovin’” like

free money from the government … ahhh, good times! … death rate going down

now also, so everything is good! … what a farce all of this QE bullshit to infinity

is … this is not gonna end well … but quite frankly I could care less, cuz the

indices outside of the H33HKD are pretty much worthless to trade … high

spreads, and atrocious slippage are the norm, and no thanks.

Europe is now closed & the New York afternoon is upon us, and that means

outta here!... not interested in algorithm signals when the criminal New York

banks are in charge, cuz too much bullshit happens on their watch ..… until

tomorrow mi amigos … Onward & Upward!! 

Have a great day everybody!

-vegas