CRIMINAL BANKS ARE RUINING TRADING

 

“Trapped inside scumbag banks computer trading algorithms!”

It’s not just the precious metals division over at JP Morgan [JPM] that’s

“criminal” … “scumbaggery” in “Stock Bellies” makes metals look like lunch

money… when a fish rots, is it just the tail, or does the head rot as well?

… asking for a friend … the link today over on ZH directly below.

https://www.zerohedge.com/markets/how-jpms-precious-metals-trading-desk-

manipulated-markets-crime-ring-within-bank

One of the government’s “flipped” JPM witnesses, told prosecutors he didn't

think anything was wrong with what the bank was doing cuz “everybody does

it” … JPM fined $1 Billion dollars, but management walks totally free … what a

frickin’ joke … and what about all the people over a decade that got screwed by

JPM, what do they get? … and here’s a news flash … check FX & stock indices

for an even bigger scam of manipulation than gold ever thought of seeing … “but

don’t look too close, cuz the POLS & Apparatchiks aren’t gonna like to see that

illegal & corrupt cash stop anytime soon”.

Of course, unless the FEDS got somebody on the “inside”, they’ll never catch the

front running by the offshore illegal prop accounts set up to skim large orders in

FX, cuz make no mistake it’s FX that pays for EVERYTHING UNDER THE TABLE

… you’re not gonna get exchange traded “ID’s” that tripped up the dopes over in

gold futures, and was used to identify JPM gold traders manipulating gold futures

OVER 50,000 TIMES … instead, it’s “spot” and done outside the U.S. with other

banks & brokers that have no ties whatsoever with the U.S. … regulators can go

pound sand getting any info on this, and the bank knows that only too well … but

so do the POLS & Apparatchiks, and others, who get part of the world’s largest

“skim” operation … and that’s why nothing will ever change, cuz nobody in power

wants it to … B. I. Itch all you want, it isn’t gonna change anything.

Why should today be any different? … MOAR! POLS & Apparatchiks moving

markets, the latest iteration by some FED PIE HOLE around 10:30 AM EST today,

which saw rapid reversal moves kill both longs and shorts within 2 minutes, with

the only people smiling the criminal banks … and it’s all planned and coordinated

by central bank manipulators, designed to kill specs and enrich scumbag LP

banks … this is what we are up against each and every day I turn the machine on

… it’s not enough to “know markets”, your trading model / method / algorithm

better have some way of dealing with the manipulative banks, or you’re toast!

… and the DAX30 a thing of beauty today, with MOAR! spikes from hell than

grains of sand on a beach … of course, when the spikes are finished and done,

and the damage inflicted, price goes into a coma and can’t move 5 index points in

20 minutes … speed of lights, crickets … welcome to the “loser formation”.

So, the questions that need to be asked of these POLS & Apparatchiks at

pressers won’t be asked … cuz if they were, it would be YOUR last presser and

you’d be lucky to get a job as a “greeter” at WalMart … and the ponzi scam

continues unabated, until the next time in 3 … 2 … 1… and then all hell breaks

loose … thanks FED.

I don’t even know how to categorize this bag of stinking dog poo a/k/a the DAX30

today … very tiny range so far, given the 20 Day Range MA, all inside the

infamous “Flying Wedge of Death” [FWD] with nothing but spikes then crickets,

rinse & repeat … what a frickin’ joke. Meanwhile, over in “The Widow Maker”

[Cable], a very slow day with a day’s range [so far] equal to about 50% of the 20

Day Range MA … and if it wasn’t for the FED PIE HOLE BS floated around

10:30 AM EST, the range would have been about 15% worse at 60 PIPS … “but

hey, buy stops gotta get run if they’re up there, so why not”? … given the

paradigm FX finds itself in, I have no clue how anybody in their right mind

“position trades” anything in FX … all you’re asking for is a “stop beating” of one

kind or another … and guess what? … it’s been like this forever in FX, with only

rare occasions of a market trending, and it’s the biggest reason there is to not

position it, but trade it … “trade it, don’t date it”!

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

SLIGHTLY.

MOAR! algorithm signals blown through today, although one did hold up and I

got a trade off … not much too it, but something is better than nothing

… actually, Cable traded better today with a stinky range than the DAX30

… going forward, look for more Cable trades … make no mistake, heightened

IVIX INDEX levels above 150 [Sunday blog updates], and triple especially above

200+, present real logistical problems for the trading algorithm … these levels

represent very chaotic conditions with vicious & very fast price changes both

up & down … and that raises the specter of slippage & terrible fills, not to

mention what happens when any of these indices [or FX] go ripping against your

profit direction … get on the wrong side of this “yo-yo” and it will hurt … and

don’t forget, there ARE NO RULES ANYMORE in trading … anything you trade

can go anywhere up / down it wants … don’t sit there and think, “well it can’t

possibly do this”? … wanna make a bet?

I said a little while ago my problems with USDJPY, and it’s the main reason I

would rather trade Cable “straight up” versus the dollar, than trading GBPJPY

… I thought maybe a new PM would see more VIX in Yen, but it never came

… the BOJ is still the master, and they have no intention of letting go their

manipulations … and what that means for GBPJPY, is that when stops are run

or news hits, the viciousness of the move in GBPJPY is greater, and the slippage

is far worse … conditions are usually OK, but it’s the Yen that makes me stay

away from the pair … Cable continues to trade well, and IVIX INDEX levels today

ranged between 68 - 118 … these readings fall under “ideal” for trading, meaning

there shouldn’t be any problems getting trades on / off … now, if we can only get

some kind of decent range without Apparatchik “theatrics”, and folks funding

the mistress funds give it a rest [I can dream can’t I?], this market will be ideal

… and that’s a far cry from the pure BS happening daily in the “Stock Bellies”

… “what’s the point of huge ranges and big moves if you can’t capture them”?

Tonight sees the first “debate” in the U.S. … comedy never looked so good

… grab the popcorn, and let’s see how markets react to this “shitshow circus”

… until tomorrow … Onward & Upward!! 

-vegas