Welcome to the BREXIT “rumor mill”, where not once, or twice, but three times
you can ride the dumpster fire known affectionately as “The Widow Maker” … and
of course, everything is hush - hush anonymous sources “that have knowledge”
of the situation … what a crock … what did I say days and/or weeks ago? … you
can expect the POLS & Apparatchiks to go bat shit crazy filling the mistress funds
on rumors, cuz after all Christmas is approaching fast you know … AND, why
stop in October? … let’s extend this thing another [pick a number] months so the
manipulative “games” can continue and the stealing can go on forever!
How many times did the order book get wiped out today? … and the scumbag LP
banks are popping champagne corks ‘till dawn … “no folks, it ain’t just precious
metals that sees massive manipulation, cuz nothin’ beats FX … after all, it’s the
group of markets that pays all the bills, where the “skim” is the highest, and
where nothing is ever going to change until the system collapses … and the way
the world is going, that moment in time is closer than many would want to admit.
Again today, panic down, panic up, then panic down, ALL on BREXIT rumors from
the usual suspects … and the mistress funds say “thank you” for donating.
One algorithm trade today in GBPUSD … TURNKEY PAMM / MAM UP SLIGHTLY
LESS THAN 0.1%
And after that second rumor jacked price higher for a nice “double reversal” for
the day, I pulled the plug on signals cuz it’s simply too dangerous to be in this hot
mess of bubbling dog poo, where any PIE HOLE can say anything and Cable can
go 50+ PIPS in seconds up or down … if I want to gamble, I’ll go to Las Vegas
… and again today we see another double reversal in price … once only seen
every 5 -7 years if you were lucky, now it’s commonplace along with triple
reversals, quadruple reversals, and only Heaven above knows what else … quite
frankly, I’m waiting for locusts!
Although it’s not as messy as Cable, tomorrow sees me in EURUSD cuz I don’t
want to see massive spikes on rumors that have the potential to make for a very
bad day … 3 times today? … “yes, they did it 3 times today … 2 down and one up
… and what’s not to say it won’t be 4 or 5 times tomorrow before the weekend?
… the only thing worse than getting smacked in the face once, is getting it again
minutes later with another brick that’s even bigger and heavier … sorry, that level
of BS is way past my nose level”.
I have previously said in earlier blogs, about the HFT’s invading the FX space and
taking biz away from the scumbag LP banks … in other words, THEY STEAL
MUCH LESS … bottom line is good news for us! … their networks and market
making abilities are far superior to anything any of the usual suspects on Wall
Street or in Europe have, and they have spent hundreds of millions to get that
way … “hey, nobody does business for free … but if your total cost to trade is
UNDER ½ PIP, this is about as good as it gets … directly below, early afternoon
New York bid/offer spreads for the 3 major FX pairs in the PAMM / MAM live
account at Turnkey.
If only the Yen had higher IVIX INDEX levels and better ranges, this would be a
“lock” to trade … sadly, it doesn’t and quite frankly I have no idea how anybody
makes money in the pair … Cable is great, but EURUSD IS EXCELLENT … I don’t
know of another place that has 0 - 0.3 spread practically all of the day, and RT
commissions are $2 / 100,000 notional … and what that means, is anything past
½ PIP is profit … without the BS BREXIT spikes seen in Cable … during today’s
European session, IVIX INDEX levels in EURUSD were between 52 - 66, and the
day’s range [so far] a paltry 52 PIPS … 20 Day Range MA = 76 PIPS … given the
way it trades with less “spikey action”, and it’s cost to trade, using the trading
algorithm here nets many trades and works exceptionally well, without the major
BREXIT headaches seen today in Cable … doesn’t matter if the spikes from hell in
Cable benefited you, cuz the simple fact is you got lucky … you gonna avoid them
every single time without fail? … good luck with that … bottom line is, I’m not
missing much except headaches moving over to EURUSD, and leaving Cable
alone until this BREXIT “shitshow circus” comes to a close … as if anybody
needed any evidence outside of today, Cable right now is FUBAR … some small
spikes you expect, but the crap we saw today makes me very sensitive to just
how much this market can take from you MULTIPLE TIMES and hurt you, and I
want no part of that.
Market “hopscotch” it is, as I refuse to be enslaved to a market(s) that won’t
behave, OR it’s LP’s are total crooks & thieves … onto better trading conditions
& more profit … outta here … until tomorrow … Onward & Upward!!
-vegas
No comments:
Post a Comment