BETTER LATE THAN NEVER!

“More so in trading than about anything you care to name!”

Europe wakes up today and the news is ugly … and then quickly gets uglier as

the BREXIT negotiations have turned sour, and both sides point the finger at the

other … forget the fact they’ve only had over 4 fucking years to get this solved,

and have screwed around like Apparatchiks always do, and come September &

October it will be another panic “shitshow circus” trying to avoid a hard BREXIT

disaster … what a bunch of assclowns.

Today, though, points out what’s important today in trading … namely, 1) order

flow, and 2) bank positioning to screw the specs … and boy did we get it in spades

today … however, and this is a very big however, that when there is

overwhelming news to either crater or skyrocket a market, the banks are gonna

do whatever they have to do to kill specs on both sides … and I’d say they did a

fine nice job of that today with extremely extended ranges in both EURUSD &

GBPUSD … AND IVIX? … better, but not where it should be for Cable given the

fact it had almost a 200 PIP range today … so, what’s the problem? … simple

… straight up or straight down and not much of a “Hoover Dam” thing in

between … in other words, no 2 way flow of trading that allows for good

risk / reward trades … and today we see that in spades, cuz the number of

decent buy signals was awfully low, and the ones that were there either didn't

offer much or got “monkey hammered” quickly back down the rabbit hole

… quite frankly, this isn’t what I want.

Which brings me to today, and in fact most of this week I’ve been eyeing it &

studying algorithm movements, to a market that has gotten its “MOJO” back

… and that market is EURGBP … in 2017 & 2018 this market was a nightmare,

cuz of seemingly daily rumors about BREXIT, and the gaps Cable suffered

up/down gave plenty of heartburn for those that were trading EURGBP … those

days are gone, and in addition with the overabundance of central bank

manipulation in everything, “order flow” and how the banks handle it is of

prime importance to trading today … well, find me another market that has

more institutional interest between the E.U. & the U.K. than EURGBP?

Bottom line is this … it moves better, gives better algorithm signals, gives

MOAR! algorithm signals, and is every bit as profitable as EURUSD & GBPUSD

without the dollar bullshit that is present every day … come Monday I’ll be

trading this, and if both EUR & GBP don’t improve their IVIX INDEX levels I’ll

stay in EURGBP … quite frankly, I don’t know whether it’s cuz it’s August or

whether traders have abandoned the dollar pairs, and that’s why we’re getting

these straight shots with no discernible trading activity … in any event, it

doesn’t really matter, cuz the order flow between the EU & UK isn’t gonna stop

just cuz of BREXIT … and the dirty little secret is it’s much more orderly and

behaved than what goes on in the dollar pairs.

No trades today in the TURNKEY PAMM / MAM.

I’m really disappointed in the lack of trading activity within the dollar pairs … it

just sucks … that problem will get solved via EURGBP come Monday … quite

frankly I should have made the move mid-week, but better late than never … it is

after all August, and this year August, like China, is asshole … I’ll have more in

the Sunday blog update … outta here… Onward & Upward!! 

-vegas