Frustration, anger, disbelief, can somebody please end this FX nightmare?
Straight down … straight up … sideways … DIE! … well, there you have it for
Cable today, cuz that about sums it up … I said yesterday that FX has become a
nightmare for the very trading action we see today …. nothing up or down lasts
longer than a squirrel fart in the breeze, and then it screams the other direction
trapping those left behind … kill the longs, kill the shorts, rinse, repeat, thanks,
come again! … cuz if you get on the wrong side of this stuff, it’s lights out cuz
there’s nothing left after the scumbag banks kill both sides of the order book
… there is no trading, just “scumbaggery” … no news of course, unless you look
at the inept British government, lock downs, NIRP on the horizon, and Britain on
the same page as Venezuela … but that’s just news, and the scumbag LP’s don’t
care about such mundane details … all they care about is killing order flow as
volumes & liquidity sink to the bottom of the ocean.
Not any better in anything else either, as EURUSD is sitting here with a massive
33 PIP range, and USDJPY with a 43 PIP range … and you can thank central bank
manipulators for this … good grief what a filled barf bag markets have become
… and so, what is it ya want me ta do in this hollowed out shell of a former
market called Cable? … it doesn’t trade, it simply lunges on scumbaggery from
the usual suspects as they either run stops or front run orders via the prop
accounts in offshore trading accounts … and it looks & feels like there’s maybe
3 people trading it, and action simply stinks … it’s easy to blame the election
tomorrow, but this has become a systemic problem cuz of the manipulators.
No trades today in the TURNKEY PAMM / MAM.
Nothing really to say about this crap, a/k/a GBPUSD … the trading action is
“one directional”, and then at the flip of a switch it turns with a vengeance and
runs the other direction … I will say again, there is no corrective action, and today
isn’t any different than the 200 before it … ridiculously low volumes, ZERO
liquidity, and a group of scumbag LP banks running stops … 12 hours after
Europe opened, here we are right near where we started … only thing is, the
banks burned both longs & shorts as a matter of course, cuz they can … what a
joke … and if you’re a Euro trader or Yen trader, you have my sympathy as well,
cuz quite frankly they’re worse than about anything next to hunting for coins on
the sidewalk and getting lucky … the world in literal flames, and FX sits & dies,
all cuz the CNTRL-P machines go “Brrrrrrrrrrrrrr” at a clip that would make a
Chicago taxi meter look slow … once really great markets, now a bag of flaming
dog poo … this is truly pathetic … but onto tomorrow and the election, and we’ll
see if this stirs the pot some … MAGA BABY!!
… outta here cuz I can’t take anymore of this … until tomorrow
… Onward & Upward!!
-vegas
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