CABLE, THE NEW “SAFE HAVEN” CURRENCY!

“Safe Haven? … wait, wat?!”

And just when you think the world can’t possibly get any more FUBAR than it

already is, here comes Cable today attempting to set a consecutive up day record

in the modern era … any close above 1.3090 and it’s 11 days in a row to the upside

… so, what gives here?

It’s a “dollar story” more than a Pound story … fact is, Britain is just above

Rawanda for third world status, with a stumbling economy, a clueless central

bank, and a political class that provides more comedy than the Keystone Cops

… but clearly, somebody or group of somebody’s is in panic buy mode, cuz for

the last 25 trading days, only 2 have been really down by any amount of PIPS

over a handful … the fact that for years Cable has been hated and sold with

abandon also enters the mix … and today so far sees nothing changing in that

regard, as literally every tiny break is bought with panic sending price higher in

seconds, sometimes dramatically so … rinse, repeat, and there’s your last 25

days in a nutshell … simply unreal to see this from such a broken country on so

many levels … so yea, it can join the YEN as a “safe haven” currency, cuz I guess

the criteria for entry into this club is to be as FUBAR as possible.

Around Noon EST, and everything breaks lower …. “Stock Bellies”, gold, and

even EURUSD & JPY [USDJPY higher] … and Cable tries to join the move, but

it’s a very slow stair step lower and the low from overnight holds … now of

course, the panic rally as we’re back above 1.31000 … I have no idea, now that

we’re into the PM of a Friday afternoon and Europe is closed, if 1.3090 can hold

and give Cable a record consecutive streak of higher closes … more than likely

it will set the record, but who knows with 4+ hours to the close for the week.

The only other time in the modern era I can remember Cable doing something

like this was back in 2003 when it went from the mid 1.50’s to the mid 1.80’s in

about 12 - 15 weeks … and most of it was straight up on a daily basis … back

then, every bank in town was predicting the BOE to hike rates, which of course

they never did … analysts having predicted over 40 interest rate hikes on a

quarterly basis and gotten exactly 0 … that’s right, 0! … quite frankly, 20+ years

is a long time, but who’s to say Cable can’t go higher 15, 20, or even 50 days in a

row? … but I do know one thing for sure … the banks keep this shit up, and the

end isn’t gonna end well, just like in gold when it breaks HARD and all hell breaks

loose to the downside in a “circus shitshow” of stop loss selling, widened

spreads, and slippage from hell on fills … Cable is headed there … this move

lower today that almost saw a new low for the day, it’s too bad a group of banks

prevented this … market would be much healthier if it had happened, and instead

the sell stops below the market keep building into next week.

No trades today in the TURNKEY PAMM / MAM.

Both the Asian & European sessions completely D.E.A.D. … it wasn’t until the

NYSE opened that any activity at all started to occur … seriously, what do you do

with this shit when nothing moves? … you leave it the hell alone, that’s what you

do … both Euro & Yen trading normally, with the Yen picking up some badly

needed VIX, and the Euro picking up ranges as well … at least they have a

modicum of normal behavior … then there’s Cable, where panic is the name of

the game for the last few weeks, blowing through algorithm signals like a Stihl

chainsaw through a stick of soft butter … and the panic shows no signs of letting

up … the disturbing thing, though, is that there are plenty, and I mean dozens

upon dozens of M1’s that are over 10+ PIPS in range, and yet the daily range is

dog shit, not even 100 PIPS … as I’ve said before, it’s ALL ABOUT ORDER FLOW

AND ALLOWING THE SCUMBAG LP BANKS TO SHOVE THE MARKET FOR YOU

IN YOUR PROFIT DIRECTION VIA “BUY FUEL” … not a “Hoover Dam” thing else

matters in the least.

Yesterday’s “down time” due to mother nature down here in the Caribbean,

allowed me to make some very minor algorithm changes, that I believe enhance

performance even more than before … next week sees me increase Cable

volumes, and hopefully the market cooperates with some decent IVIX and

trading action.

Outta here as Europe is closed, and it’s past 1:30 PM EST, and all that’s left is

getting screwed by the likes of JPM & Vampire Squid if you trade … thanks, no

thanks … blog update on Sunday … until then … Onward & Upward!! 

-vegas

IT’S THAT TIME OF YEAR!

“Just when you think you got it made!”

Yes, it’s that time of year! … Yippee!, it’s HURRICANE SEASON in the

Caribbean! … and kicking off this year’s festivities, is a little podunk [not even

a tropical storm] wannabe hurricane, that goes straight west from East Africa,

until it gets to the Eastern Caribbean, and THEN FRICKIN’ STOPS IN ITS TRACKS

AND SIT OVER MOST ISLANDS! … seriously? … winds were about 30 - 40 MPH

tops, and it rained about 2 - 3 inches [I’m guessing} … certainly have seen much

worse, that’s for sure. But, it knocked out electricity 3 times in the last 24 hours,

there was some local flooding of course, and internet & phone were out from

about 7 EST - 1 PM EST today… and yes it’s gone now, and skies are blue [what

storm, where?].

No trades today for the TURNKEY PAMM / MAM due to the storm system … can’t

trade if I don’t  have internet.

What can you say about Cable? … well how about only once in the last 20+ years,

has Cable had 10 consecutive days in a row UP … today ties that record … the

last time this happened, what happened next is it got “monkey hammered” lower.

GBPUSD is way overdue for some of that history.

So, back up and ready to go … until tomorrow … Onward & Upward!! 

-vegas

MANNING THE POO SHOVEL

“This is FX! ,,,hop right in!”

If you aren’t laughing over the ridiculous trading action today, you’d be crying

… really, there are no words that can do it justice … FED Twats at 2 PM EST today,

which may be a factor, but in reality it’s simply a slow motion train wreck in Cable

not seen in many, many blue moons … and like gold yesterday, this isn’t gonna

end well either. As soon as they suck in every last spec nickel to the long side,

watch out for the fireworks to the downside commencing in 3 … 2 … 1 …

Several times today, I had to check my internet connection to make sure the

machines are still turned on, that trading is indeed open … with razor thin spreads

of only 0.2 - 0.4 PIPS, not having any movement in either the bid or offer for

sometimes 15 - 20 seconds is amazing … I can’t even categorize how badly trading

is today.

I guess Cable just goes up every day now forever … 20 out of 22 dys up now

… not seen in over 10+ years, all the way back to pre-crisis 2008 … some of the

absolute worst trading conditions I’ve ever seen in the currency pairs, especially

the majors … FED at 2 PM EST, and who knows these clowns will say & do … until

then this is a complete ‘’shitshow circus” … if i make any trades post FED, i’ll do

an update after the NYSE close.

No trades today [so far] in this garbage for the TURNKEY PAMM / MAM.

… until tomorrow … Onward & Upward!!

-vegas

WHAT IS THE EUROPEAN SESSION GOOD FOR?

“Me and the European trading session!”

Europe is starting to get on my nerves … seriously, WTF are they good for?

… Well, 1) losing wars, 2) good chocolate, 3) good beer & wine, and 4) going

“dark” in FX while the rest of the world trades … quite frankly, it’s pissing me

off … again today, Asia goes berserk, Europe literally DIES, and then the U.S.

trades … oh, and 29 minutes after the London “Fix” [in more ways than one],

which by the way is the exact minute of the high of the day so far, and Cable is

about 15 - 20 PIPS lower … another amazing coincidence … “you corporate

types out there, and you know who you are, it simply astounds me that you

hand these scumbag banks millions of dollars every frickin’ day by doing your

buying / selling at the London “Fix” … oh, it’s a “fix” alright, but not like you

think … you people are the absolute dumbest, stupidest morons ever to run

businesses”.

Just another day in “honest” markets, right? … please, I just ate … and if you

think Cable was bad today [it was], over in gold & silver the real crooks showed

up and ran the sell stops for a good $70+ bucks lower, before of course buying

the sell stops and bidding it higher … ho hum, another market scam right before

your eyes.

Cable up 19 out of the last 21 trading days [including today] … I guess we just go

up forever … what a joke all of this is … Asia traded insane, and then Europe

shows up and everything died within 5 minutes … literally … and like other days,

lately sees algorithm parameters literally sitting on top of each other until

something happens, which again [lately] starts once the NYSE opens and “Stock

Bellies” start trading … then it’s “one & done” for moves, and have a nice day

… geesh what a bag of dog poo … no need to shovel a new one, just use the

stinky one from yesterday.

Only one algo buy signal today in GBPUSD … TURNKEY PAMM / MAM UNCH-ED.

Simply nothing here worth anything today … market refuses to break in any

meaningful way, and while Europe is absolutely worthless, the NY session is no

great shakes either, especially with the corrupt London “Fix” that occurs daily at

11 AM EST … Cable is getting over extended, and along here shortly is

gonna come what gold & silver saw today, and that’s a “monkey hammering” of

sell stops below the market … it’s due and it’s coming, and you simply cannot

buy rallies in any FX pair.

I wanted to mention this the other day but forgot … if I have a trade after I post

for the day, I’ll do an update right after the NYSE close … until tomorrow

… Onward & Upward!! 

-vegas

GOLD FINALLY GETS IT

“If she ran the FED, how would it be different? … HINT: Better!”

New all time record highs in gold … about time … so what did the U.S. get out of

manipulating it for 9 years to keep the price down? … EASY PEEZEE:

1) exploding national debt & deficits, and 2) social decay and the wasting of

billions of dollars via the “Rally Protection Team” [RPT]. And for us traders, we

now have both gold & silver completely untradeable thanks to the morons at the

FED … HINT they say: “buy MOAR STONKS”!

Asia buys everything! … more trading action there than in the U.S. & Europe

combined … FX simply a meat grinder … “I guess, we just go up every day

forever, right”? … until of course, when it breaks … then, you won’t be able to

get an uptick for 2 weeks … manipulation by banks beats trading every time!

… another amazing coincidence, the London “Fix” for GBPUSD [11 AM EST]

sees the high of the day … see my shocked face … no scumbag bank

manipulation here, oh no it’s “duh, market conditions, duh”! … what utter

bullshit.

Again today, only 1 algo buy signal in GBPUSD … TURNKEY PAMM / MAM UP

SLIGHTLY.

Trust me, I’m not renaming the PAMM / MAM the “Up Slightly Fund”, and I just

deal with what’s given to me in the market … and for these last few weeks, it’s

nothing but straight up / straight down and “Hoover Dam” little in between

… the Asian session trading much better than Europe, which is simply awful

… and then we get some kind of response from the NYSE open, and then it’s

basically done for the day … meanwhile the DAX30 pathetic and the U.S. “Stock

Bellies” a delusional joke … the world is burning down and somehow that says

buy overvalued NASDAQ junk?

… until tomorrow … Onward & Upward!!

-vegas

SUNDAY UPDATE: IT’S GETTING WORSE

“Wake up Sheeple! … denial ain’t a river in Egypt!”

It gets worse by the day … not just in financial markets, where every day is a trip

to “The Twilight Zone” of central bank manipulation, but in society as a whole

… “go ahead, plan that wonderful trip to Minneapolis or Portland ... maybe a

murder trip to Chicago? … or maybe a nice socialist, SJW utopia like New York?

… no? … “you keep voting for these shit weasels promoting anarchy & socialism,

so go see the fruits of labor for over 50+ years of progressive bullshit … I mean,

where else in the world can you see pics of babies in strollers holding signs that

say ‘Fuck the Police’? … at least they got the spelling right”!

Not to worry, cuz the math in a few years will take care of the decline and usher

in a world you can’t imagine in your worst nightmare … Weimar Republic

inflation, dollar collapse, and confiscation of your wealth [for the children]

… gold still ridiculously underpriced and manipulated, and BTC the same … but

ya know, live in denial, it ain’t my life your risking by staying in one of the

unsafest & biggest shitholes on earth, the U.S.A. … I wouldn’t travel into any of

the big to medium size cities if you paid me money … quality of life sucks,

corruption everywhere, health care ridiculous compared to other countries,

freedoms evaporating to PC group think, and it’s only a matter of “when” not “if”

you’re begging to leave.

Directly below, the 20 Day Range MA’s for GBPUSD, DAX30, & NDX100.

GBPUSD

click on any chart to enlarge

DAX30

NDX100

Cable losing some IVIX this last week, and Europe has basically abandoned

trading for the moment … still, IMHO we’re at the very beginnings of a multi year

massive dollar decline, so plenty of action dead ahead … and as long as the

“Robinhood Dopes” continue their infatuation with anything NASDAQ, that

complex looks to be in for some heavy doses of sharp up/down spikes from

hell, as the order flow from these dopes gets played like a frickin’ violin by the

banks.

… until tomorrow … Onward & Upward!!

-vegas