“Attention! … here are your trading instructions for today!”
Well now, isn’t this special? … the “Chuckleheads” in the Asian session, to their
credit, actually put in a decent trading session in Cable … too bad nobody is
there to see it while 99% of the world sleeps … “sad sack” Europe rolls in, and
here comes the disappointment, as the IVIX INDEX drops like a stone in water
searching for the bottom, and it’s nothing but a “shitshow cirus” of scumbag LP
bank manipulation to get whatever people awake to venture in and trade … “you
can bang your head now”! … and with half of the European session over now,
what do you do with a 20 PIP range? … EASY PEEZEE: “you can bang your head
again against the bank wall”! … this is what happens when there isn’t anybody
trading and volumes collapse to near ZERO … hell, I have just seen 20 seconds
go by with no change in either the bid or offer in Cable with a 0.2 PIP spread!
… and when they’re ready, the “scumbaggery” descends like lightning upon a
prairie, and you haven’t a snowball’s chance of hell escaping the spikes from hell
that go nowhere, but nonetheless drive you out of a position … and the bank says,
“thanks Chump, please come again”!
Then there’s the “let’s buy gold again” crowd driving gold nuts to the upside
again, and suddenly both EUR & GBP go bonkers out of nowhere … “can’t go
3 PIPS in 20 minutes anywhere, but can go 30+ PIPS in seconds … and the dirty
little secret about today is simple: this is the very worst IVIX INDEX level day with
a 140+ PIP range you’ll ever see … period! … EVERYTHING to the upside coming
in a handful of M1’s that explode out of nowhere, and the rest of the day’s M1’s
can’t do Mr. Jack Squat … and after the European session close, Cable
IVIX INDEX = 52 for the 8 hour session, which is pathetic for the extent of the
day’s range … actually today, GBPUSD worse than gold, with some of the worst
M1 trading action I’ve ever seen … sit … explode … sit … rinse & repeat … miss
the explosions in price, and there is literally ZILCH to the day for trading
… granted, it’s August, but this is terrible”!
No trades today in the TURNKEY PAMM / MAM.
Won’t trade unless I get the proper algorithm signals … and when all you have are
spikes from hell, followed by mind numbing minutes of nothingness, and simply
repeat the process over and over again, we aren’t going to get any signals to trade
cuz there is no “flow” to the trading, simply panic then apathy … today was one of
those days … let’s hope it’s many Moons before we see this again, cuz it does
nobody any favors … I’m hoping, though, that today’s action leads to more
”normal” conditions tomorrow … until then cuz I’m outta here
… Onward & Upward!!
-vegas
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