Well, here we are on “Judgement Day” for BREXIT, and is there any doubt among
any of you the idiot POLS involved will “kick the can” down the road? … I guess
56+ months of complete thievery & bullshit isn’t enough time for the “wine & Brie
cheese crowd” to get anything done cuz it’s just “so hard” making decisions
… and here early in the day, already BOJO has trotted out one of his main
Apparatchiks to “stir the pot” in Cable … why? … why not just get it the Frick over
with BOJO!? … well, EASY PEEZEE: “nope, we got to make sure the banks can
thieve more, that’s why” … and on, and on, and on we go being subjected by
these asshats to what hell must be like … again I say, “what a complete scam this
whole thing has been, is now, and will be into the future! … the “hard” part of the
supposed negotiations? … figuring out which POLS & Apparatchiks get less
under the table, and who gets more, SIMPLE AS THAT”!
Meanwhile, over at manipulation HQ inside dozens of Hitler’s & Churchill’s old
bunkers [a/k/a bank trading desks], scumbag LP banks must feel like today is
Christmas morning opening presents when looking at GBPUSD… the
“scumbaggery” & thieving among orders must be breathtaking as the market
ramps up, gets clocked down, and brought back to even, and then let’s do it
again!
Up / down, spike from hell over here, and then over there … screw the shorts
then screw the longs, and the New York criminals haven’t even arrived on the
scene yet … how utterly unfair! … I can hear the wailing over the horizon as I
type! … the only thing I know for sure? … BOJO & crew will FUBAR this to high
heaven, just like everything else they have touched [how many examples do you
need?] since he took over last December promising to “get r done”! … and
since that’s the true “given”, don’t expect Cable trading today to be anything
other than “messy” to say the least, and I’m being nice … at this point in the day,
this whole thing is a “shitshow circus” of political malfeasance on steroids.
And then the “Oracle” from 10 Downing Street speaks.
No deal BREXIT, huh? … Ok, then why did you send out D. Rabb this early AM
with “positive spin” that sent Cable rallying, if you knew you were gonna say this
now? … oh wait, that’s easy … banks have got to get out of longs and sell to
Chumps … there, solved it for you! … besides, what’s a 100 PIP drop in seconds
anyway, but a minor correction that some of your crony capitalist pals can buy
from the Dopes with sell stops? … and now what? … you gonna now send out
more Apparatchiks to say that even though there’s gonna be a “no deal” BREXIT,
if the E.U. wants to relent some you’re back at the table? … WTF are you doing
BOJO? … stop being a “limp DICK” & start leading the country forward!
And as you can imagine, GBPUSD is on the roller coaster ride from hell right
now … bid/offer spread blown to hell, which means SLIPPAGE is a major issue
at the moment from bogus fills … just how the scumbag LP banks want it … see
my shocked face … “nothing like the infamous “Flying Wedge of Death” [FWD]
to make a traders day, huh?
So what does anybody over on the other side of the pond have to show for this
debacle? … “no deal, but kinda a deal, but we can always talk, and maybe there
will be a deal, but maybe we walk away, and quite frankly it’s FUBAR”! … and
Cable caught up in this, where even the HFT’s have doubled or tripled the
bid/offer spread, thank you very much, and why exactly cuz this crap hasn’t even
got but a 102 PIP range!? … and now that Europe is closed for the day, we just
went through 8 hours of pure bullshit in GBPUSD … totally coordinated and
manipulated for the benefit of the scumbag banks … nothing really left to say
about this crap, other than think of all possible rotten scenarios being played out
today … and YUP! … winner winner, chicken dinner as the corrupt POLS &
Apparatchiks don’t ever disappoint when it comes time to either 1) stealing
money, or 2) FUBAR top to bottom anything they touch … another amazing
coincidence, huh?
As for Cable itself, this can only be categorized as one of the worst days I’ve ever
witnessed in “The Widow Maker”, and I’ve been at this for decades … simply
ZERO volumes & liquidity, and LESS THAN ZERO trade flow … nothing but a
scourge of price blimps with dubious, expanded bid/offer quotes from the usual
suspects with only one thing on their mind … stealing money from your account
cuz they can … “duh! Market Conditions, DUH!’ … what a bunch of flaming dog
poo … today a complete exercise by the scumbag LP banks to burn the
“news traders” through a system of stop hunts back & forth inside the FWD
… and when those stops get torched, meaning buys filled at highs, and sells filled
at lows, and then there’s nothing left to the order flow, they’re right there 1
nanosecond later taking this crap the other way so fast most ordinary people have
little comprehension how this can honestly be done … NEWS FLASH: “it ain’t
“honestly” done, it’s a rigged casino, or haven’t you figured that out by now”?
… and when you watch order flow closely, and see what today is all about, if you
don’t simply “walk away”, you’re handing them money, simply cuz there will be
ZERO time when it turns and then it’s way too late.
Yesterday & today are somewhat different from other days, in that “gap risk”
against you is/was much higher than normal from anything & everything one of
these “dog catchers” either in the E.U. or Britain might have to say … and they
all want that 15 seconds of fame for their idiotic opinion to be heard, and of course
to possibly replenish the mistress fund … if we “read between the lines” of what
transpired today, I get the sense there will eventually be some kind of deal … at a
minimum, Cable has got some weeks ahead where I don’t think any negative
news on BREXIT sentiment is gonna have a large negative effect on price, simply
cuz there’s too much time to the end of the year, and BOJO THE CLOWN has
already tipped his hand that his word isn’t worth dog shit, so why believe
anything either he or his shit weasel crew have to say, when they utter again
… “well, this time we mean it, we’re gonna leave!!” … on the other hand, at any
time a “deal” could be struck and hastily announced, and that would completely
“torch” shorts to the tune of, most likely, hundreds of PIPS in losses … cuz quite
frankly right now, the “betting money” among everybody is that the most
probable outcome is some kind of deal, no matter how watered down and worth
not much more than a warm bucket of spit, but it would be viewed as slightly
better than a no deal where both sides lose, but that’s the conventional wisdom
… where does conventional wisdom get you in trading? … “right, the trader’s
graveyard!, so I’d be dubious blissfully banking on some POS agreement being
a sure thing in the next 10 weeks” … if / when we get to December and nothing
is done then it becomes a lot more dicey, and as we approach the end of the year,
we’re right back at this pile of dog shit we’re standing in hip deep right now.
No trades today in the TURNKEY PAMM / MAM.
As I’ve said before, I don’t particularly like sitting at my screens and doing
nothing … sometimes, though, we got no choice cuz the alternative is to play in
the casino when we have ZERO advantage … thanks, no thanks … there was
ONLY ONE LIGHT MOVE TODAY IN GBPUSD THAT WASN’T CUZ OF SOME “DOG
CATCHER” OPENING HIS PIE HOLE … that came right after the “London Fix” at
11 AM EST, and it’s scope was about 30 PIPS … that’s it! … and judging by the
time of day it came, it was pure short covering that ran dry after about 20 minutes
… other than that, it’s a pre-planned and coordinated market attack by the usual
suspects and the mistress fund crowd … good luck navigating that minefield!
Hopefully, Monday sees a return to some kind of normalcy in Cable trading, and
the algorithm can escape “chop mode” from the last 2 days of political intrigue,
and let’s be honest here, pure hell … this IS NOT how markets, however you want
to define them, are meant to be traded! … on the flip side, there isn’t anything
else out there trading wise, that’s better so it’s not like I’m missing something
while the POLS & Apparatchiks diddle fart around with BREXIT and make life
miserable for FX … granted it ain’t much, but some uncertainty has been lifted
today … and what we learned isn’t anything to do handstands over and cheer,
quite the opposite … let’’s hope next week gets back to “normal” … we’ll see!
Blog update on Sunday … outta here … Onward & Upward!!
-vegas
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