THE “WIDOW MAKER” IS WAKING UP

“Going through a trading day in GBPUSD!”

The “Widow Maker” is waking up, and although much tamer than in decades past,

GBPUSD is starting to act like the account killer of old … reversals, double

reversals, recently almost a triple reversal, and of course the “Flying Wedge of

Death” [FWD], all part of a typical day in Cable … and while I would like to see a

tad higher 20 Day Range MA’s in the 110 - 150 PIP area, with decent IVIX [intraday

volatility] it can be lower than that and still have consistently good trading days.

Lately we’ve had our share of low probability trading events, but with EURUSD

getting more active and finally busting the 1.15 ceiling it’s had for the last 14

months, FX is starting to climb off of historic volatility lows and get plenty more

active … one of the big problems I’ve been seeing in Cable recently is the “V”

tops and bottoms, where price moves at the speed of light off of both highs and

lows, without any type of test before moving … it’s been screw the longs, screw

the shorts, rinse and repeat with a viciousness that takes your breath away, and

quite frankly this is a dead giveaway for order flow manipulation by the scumbag

LP banks … as I said the other day, THE ONLY THING THAT MATTERS IS ORDER

FLOW … nothing else means a “Hoover Dam” thing … it’s all about bank

positioning versus commercial & spec activity … they front run the shit out of

orders, and simply what we’ve learned over on ZH where Robinhood gets $90

MILLION dollars when they sell their customers order flow information [yes, like

where all the stops are at], what happens in FX is 100X that level each and every

day … roller coaster up, roller coaster down, “we fuck you now, OK”? 

Only 1 algorithm trade today in GBPUSD … TURNKEY PAMM / MAM “UNCH-ED”.

OK, up a few pennies, but big whoop … I’ve made some very minor algorithm

adjustments over the last couple of weeks, and for about the last 10 trading days 

I’ve used these in my personal account in trading Cable … about 3 weeks ago I

created algorithm code for the MT4 to deal with “V” bottoms, and the results have

been spectacular … remember, I always take any changes and trade them first

before I use them in the PAMM / MAM … the slight changes & new code simply

allow me a better probability of capturing a profitable trade around a “V” bottom

… volumes increase tomorrow, and you’ll see the results pan out in real time as

we go forward.

Nothing to see in the DAX30 & NDX100, as both are in “la-la land” IMHO

… overvalued to the hilt and badly in need of corrective activity, and until we get

it, I’m staying away from these two cuz they are as wicked and dangerous as

markets can possibly be.

And while I’m trading Cable and waiting for the DAX30 & NDX100 to correct, blog

posts will come after Europe closes in the afternoon PM EST … also, we’re

heading into hurricane season, so if for some reason you don’t see a blog post

during the trading week, or there aren’t any PAMM / MAM trades, remember I’m in

the Caribbean and internet could be down … with any luck, it’ll be a good year for

no weather mishaps, but who knows ... Outta here … until tomorrow

… Onward & Upward!! 

-vegas