THE FX MEAT GRINDER

“Be the bank’s “patsy, or wake the fuck up and do it right”!”

And simply mirroring the “head pooh bah” of FX strategy at Bank of America

[BoA], ‘we’re all SP500 traders now, and FX is neurotic at best and unfathomable

at worst” … to which I would add, a complete scam most of the time, especially

when the scumbag banks run stops, front run corporate orders, and skull fuck

retail specs so often they come to expect & like it … “but hey, somebody has to

pay the graft, corruption, & bribery to POLS & Apparatchiks worldwide to keep

the “skim” alive and well, and it sure as hell isn’t gonna be the banks”.

Here we are again, 16+ hours into the day and Cable can’t even manage the

barest of minimum ranges to get me to even look at it … so pathetically sick in

terms of trading conditions, it’s simply phantom bid/offer quotes & mystery ticks

and fills … go ahead, play “FX roulette”, and push the button and see where you

get filled at some shitbox like Turnkey, where your piddly little order can move

GBPUSD 1 - 2 PIPS … then of course there’s getting out, where ditto again for

round 2 … throw in the spread + commissions, and thanks for playing … what a

fucking sick joke.

And what’s worse, with minor differences, you’d be hard pressed to tell the

difference between the Cable chart and either the DAX30 / DOW30 / SP500 … as

leader of the “Banana Republic new world order of bankrupt countries”, Cable

enjoys that special relationship with “risk on / risk off” for its fiat … and since

nobody but nobody has a clue what anything means for Cable, banks are quick

to panic specs with moves by the “Plunge Protection Team” [PPT] to bid stocks,

only to “pull the plug” at a moments notice when stocks stumble … throw in shit

like the “Flu Lottery” & other assorted games of pleasure, right along with spec

positioning, and it’s a very toxic brew for the unwary … straight up or straight

down … then sit for boring minute after boring minute for hours, until stocks in

the U.S. are panic bought/sold again for the umpteenth million iteration … there

IS NO MARKET HERE as you’ve come to know the term “market” … Ponzi

schemes, ponzi schemes EVERYWHERE! … there is ONLY “walled buying” and

“walled selling” and nothing in between, cuz there is no “trading” … and then it

turns on a fucking dime and screams the other direction … rinse, repeat, and

this is your “Banana Republic FX” markets in full glory … screw this, cuz I can’t

get algorithm trading signals cuz there’s never any fucking corrections! … and

no skippy, 6 PIPS isn’t a “correction”.

“WTF, might as well trade the DAX30 or the DOW30, as it’s simply

“quasi GBPUSD” anyway … what the hell is the difference? … the difference is,

with all of their faults & warts, THEY AT LEAST TRADE UP/DOWN … FX?

… sure, right … for 10 days Cable went straight up … for the next 10 days it

almost went straight down … where exactly in this pile of FX shit run by

scumbag LP banks, is the “trading”? … I’m here everyday for the entire

European session, and so far all I see are “straight shots”, reverse on a dime,

panic the other direction, rinse & repeat … you either buy the rallies or sell the

break, cuz if you don’t you sit … and that is a pig with lipstick on trying to

convince me she’s “pretty” … Nope, ain’t gonna happen … and after the NYSE

open, and the subsequent break that gave buy signals all over the place in the

“Stock Bellies”, Cable sat and diddled and then rallied a couple of PIPS before

breaking back a few PIPS … “Whoa Nelly, somebody hold me down with this

1 PIP, 2 PIP action”! … screw this, screw FX, cuz all it is, is nothing more than a

bank “con game”.

Not that “Stock Bellies” aren’t manipulated, cuz we sure as hell know the PPT is

at the ready most days …. But even with their “warts”, at least the shit MOVES!

… versus any of the pure shit calling itself FX, there’s no comparison to the way

the two spaces move and act … with that in mind, I have no choice but to move

back to the DAX30 and/or DOW30 … I get plenty of signals there, while FX is

simply “speed of light … crickets”.

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

SLIGHTLY LESS THAN 0.1%

I got to the DAX30 late, after the NYSE open, and so got the last couple of hours

of cash trading … surprise surprise, everything went smoothly with no fill

problems and the algo signal was perfect … onto tonight, and I’ll pick it up from

the European open.

Outta here … until tomorrow mi amigos … Onward & Upward!! 

Have a great day everybody!

-vegas