THE E.U. CLOWN SHOW IS IN SESSION

“Apparatchiks in Europe arrive in Brussels for the free champagne!”

Of course it’s important, they say so! … meeting in Brussels to try and create a

€ 750 Billion slush fund for Italy, Spain, & Greece with no strings attached, there

seems to be a slight problem with the Belgians, Dutch, Swedes, & Austrians

… and not to say the Poles & Hungarians got problems with the largess as well

… as per usual when arrogant dopes meet, nothing gets decided and the can

gets “kicked down the road” to the next meeting … “do we get free champagne

then as well”?

The DAX30 stuck in mud, not the least of which is the index is overvalued … throw

in indigestion from Wall Street, and ZILCH interest this week & today … and

despite the fact almost every frickin’ day “Robinhood dopes” buy NASDAQ with

an insane cult attitude, the NDX100 has lost some “mojo” … not to say it can’t get

it back, but this index is so overvalued with so many idiots participating, it’s hard

for me to see how this doesn’t end very badly … and if they do take it back over

11,000 here pretty soon, it’s just gonna make the inevitable worse … the universe

simply does NOT operate where every millennial dope with Dad’s credit card

makes money in options & NASDAQ stocks like TSLA, and day trades this shit

and wonders, “hey, where’s this been all my life”? … the pain, when it eventually

comes, is gonna be worse than March, simply cuz so many are “convinced” tech

stocks can ONLY GO HIGHER … guess what Skippy, you’re about ready to get a

tuition payment for trader school!

I thought I had seen about the worst FX could offer from a non Holiday European

trading session … then comes today, where the “talking heads” of FX say it’s the

E.U. meeting that is holding FX back today … and after 15+ hours, Cable has a

33 PIP range … wait, wat? … no shit wat, about the worst I’ve ever seen … but to

the rescue comes the scumbag LP bank prop traders in New York, to inject a

minimum of IVIX, and now we have a 59 PIP range … ugh, what a bag of shit all

around … Europe closed now, and said Apparatchiks have broken “talks” for

lunch … salmon croquettes with red pepper sauce & asparagus spears, washed

down with a little Dom Perignon ‘53 no doubt … “Hoover Dam” it’s good to be a

gangsta!

Earlier today, one algorithm trade in GBPUSD … TURNKEY PAMM / MAM UP

SLIGHTLY.

With ranges and lack of action like today, not much to expect from algorithm

signals that are basically on top of each other well into New York hours

… starting with Monday’s trade, when I trade Cable I’ll be extending my trade

hours into the early New York afternoon when appropriate … more & more, FX is

moving better from the London Fix [11 A.M. EST] to about 1 PM - 2 PM EST, and

then tapering off quite fast … unless something is really brewing that gives

reason to trade later, I most likely won’t … both the DAX30 & NDX100 really lost

the “mojo” this week, and both are overvalued IMHO … I’ll buy good breaks that

mean something, but this upward crawl bullshit & then the red down spikes from

hell to take it all away in seconds is for the Chumps … what we see today is

nothing more than the trader dopes at places like Robinhood, that chase price

higher, and when they’re done the scumbag LP banks lead them over the cliff and

hit their sell stops … rinse, repeat, are you having fun yet?

Blog update on Sunday … until then … Onward & Upward!! 

-vegas