TRADING INSIDE THE PROPAGANDA BUBBLE

“We’re from the government and we’re here to help!”

No bigger bag of propaganda bullshit you’ll ever see, than in Brussels at the E.U.

confab this weekend to figure out how to pay for a slush fund for the deadbeats

inside the E.U. … round up the usual suspects of Greece, italy, Spain, Portugal,

and maybe a few others, and it’s smiles all around the press conferences given

by those Apparatchiks who think they matter … meanwhile, the world burns

down … “where’s Goebbels when you really need him”?

And all of this “happy talk” of a “solution” is nothing more than attempts to

placate European markets … only thing is, when the Apparatchiks start talking

en masse, markets begin to falter … smart money knows bullshit when they smell

it.

Both the DAX30 & NDX100 in “la-la land”, and IMHO only dopes buy any of this

shit up here at these levels … don’t know when or how, but I’m 100% sure the

“Robinhood Millennials” infesting NASDAQ like a virus, will get destroyed in a

classic “pump & dump” at some point … caveat emptor.

Over in Cable, 3 hours straight down, followed by 9 hours straight up, and now

pure bullshit for a market at the London Fix … big selloff in EURGBP has created

Cable demand … we’ll see what happens from here, as major resistance at

1.26600 - 1.26800 looms heavy … as I write, market at about 1.26460 bid … Cable

right on top of it’s high for the day, and if history is any guide, the “London Fix”

[11 AM EST] is just that, a “fix” … banks win, corporate customers get screwed

blind, and it simply amazes me corporate customers let them get away with

highway robbery each & every frickin’ day … and when the “fix” is near the high

or low of the day, that’s usually the high or low of the day, as banks then move it

away from that level and get retail spec chumps to bite.

Multiple algorithm GBPUSD trades today … TURNKEY PAMM / MAM UP

SLIGHTLY.

It’s tough to make money with straight up/down action, and today the “poster boy”

of straight market shots … all that matters in FX is bank positioning versus the

specs … everything else is propaganda bullshit 

Outta here early today … until tomorrow … Onward & Upward!!

-vegas