We are in the final market paradigm of technology married to manipulators with
the CNTRL-P machine, and quite frankly I can’t see this paradigm of trading
disappearing and being replaced unless there’s a complete societal revolution
and the end of central banks, especially the FED … P.E.R.I.O.D. EXIT QUESTION:
“Excluding the scumbag banks who position themselves as the middleman in
every stinkin’ trade on earth, what is the one group that makes money UNDER
ALL TRADING CONDITIONS?”
EASY PEEZEE: “It’s the HFT’s [High Frequency Trading firms] … and in the final
analysis, what do these HFT’s do? … they’re SCALPERS … granted, they’re at
the extremes of scalping, enjoying technological advantages retail specs don’t
have, but at the end of the day that’s what they do … do they worry about
“up / down”? … are they “trend followers”? … hell no they aren’t, they’re strictly
“buy at 1, sell at 2” all day long, every nanosecond of every trading day … and
they’re the clear winners”!
And in the “rigged bubble”, which is pretty much all of the traditional financial
markets you’ve come to know over the years, there is no such thing as “trend”
anymore … take for example GBPUSD for 2021 … we’re in the last day of the
Q2 2021, and for 2021 there have been 63 down days [if today closes down] and
65 up days … look at the last 5 years on a weekly and/or monthly chart … take
out the idiotic scam known as BREXIT, and the last days of the pandemic hoax of
March 2020, and where has Cable “trended” to over this time? … right, nowhere!
… now do EURUSD & anything else you want, and let me know where the major
trends are for easy pickin’s for you position traders … you’re gonna run out of
money before your lottery ticket hits!
It isn’t until you realize in this “rigged bubble”, that all that matters are 2 things
… 1) central bank manipulation & QE forever, and 2) where is the second by
second order flow so scumbag banks can fade specs and make money to pay for
everything? … everything else is simply bullshit and/or propaganda … and it’s all
allowed to flourish cuz the banks take their profit and send some “skim” upstairs
to the POLS, Apparatchiks, & regulators worldwide so they can “see nothing”
while their crypto e-wallets get filled.
And what that means if you want to make consistent money “trading”, is to learn
where the buying or selling from specs is going to come from and when … “fear
& greed” still move things over the very short term, and it’s where banks get their
very best fills before fading order flow.
The days of Cable being “The Widow Maker” are over … that’s not to say it can’t
have individual days that are bat shit crazy [BSC], but as a consistent paradigm,
that era no longer exists … same goes for the rest of FX … and for gold, it’s too
early to tell only a day into Basel 3 … quite frankly, trading “should be” all about
following big money and using their tactics against them for your advantage
… LET THEM DO THE WORK! … why let them screw you? … make them work for
you! … in other words Skippy, be the casino not the customer.
Turning to today’s manipulations … I’m extremely disappointed in Turnkey’s gold
market … bid/offer spread + RT commish + SLIPPAGE = TOTAL COST TO
TRADE = 28 - 35+ CENTS PER OZ., and that’s unacceptable … it could well be
higher if gold is moving and more volatile than normal … just another market
they’ve ruined with scumbag LP’s that won’t make a fair & honest market … the
only thing they have is traditional FX, the rest is shit … if you look at the daily
range in the New York session, this cost is 2% - 4% each time you trade … and
if you pay this, you’re nuts … Cable for its part, putting in another crap day
… better than the other pairs, but that’s not saying much … ADP job numbers at
08:15 AM EST [New York], so maybe that’s slowing things down some
… we’ll see.
ADP a slight beat, but not that big of a deal … Chili’s & Applebee’s again providing
the bulk of gains in jobs, so I guess U.S. economic prosperity depends on eating
out, by people who only have jobs waiting on other people eating out! … right, go
figure this one out … half the day’s range into the report in 14 minutes to the
downside … now weighing on FX pairs … post ADP, EUR with a 28 PIP range,
JPY with a 22 PIP range, and Cable with a 57 PIP range … hard to see where any
action is gonna come from, but as we head into the London Fix in 2 ½ hours, there
should be some Q2 ending flows … but who knows, this is Summer and nobody
seems to care … these ranges so far and their subsequent trading action are
beyond pathetic, but it’s what we’re stuck with … I can only make hay with what
I’m given!
And there it is, the comical, criminal London Fix for FX … brought to you everyday
by Pepto Bismol, for all of the corporate & institutional dumb asses that rely on
scumbag banks to fill their FX needs … ripped off almost every single day of the
year, why should it be any surprise today’s double reversal in Cable [new low,
new high, new low in the European session] should see a new low for the day
right at the “Fix” … ohhh, somebody got “fixed” alright … I’d ask where the
regulators are, but everybody already knows the answer to that.
Only 1 algorithm buy signal today in GBPUSD … TURNKEY PAMM UP SLIGHTLY.
Combine yesterday & today, and it’s up 0.1%, and today sees only a very brief
window of “buy mode” opportunity via the “P5 Algorithm” … given the very low
daily range of only 57 PIPS, it’s tough to get the algo parameter syncing in the
same direction for buys … again today, like the last 4, more selling opportunities
than buying, but you have to remember we don’t know which way the market is
going until it shows us its hand … early on it looked like it was gonna be an up
day, and then BOOM!, down goes Frazier, and while gold rallies the major pairs go
lower … go figure … and so the absolute need IMHO for the 60 SMA, LOW for
signal direction … otherwise, too many false positives to make your life miserable
… are you gonna take that 5th trade after 4 in a row losers [buy or sell what’s the
difference?] cuz that’s what you’ll face quite frequently if you ignore the 60 SMA
LOW … some don’t mind … I mind … and it’s why it’s there!
Now post “Fix” [cough, bullshit, cough] the trade becomes a joke into the criminal
New York afternoon, where volumes disappear further and “scumbaggery” rises
along with mystery slippage, thanks to the likes of JPM, Squid, and the other virus
scum making a so called “market” … thanks, no thanks … however, I will remind
people that I’m thrilled with 1) how the “P5” algorithm keeps scalpers out of
trouble, and 2) even with the worst volumes & liquidity that we’re subject to right
now in Cable and the other major dollar pairs, it still makes money if you do what
you’re supposed to do!
No matter what governments do in the future to “Stock Bellies”, gold / silver,
and/or crypto, there will always be FX, simply cuz it dwarfs other markets in terms
of size and volumes cleared … and it’s the mechanism banks enjoy via their “tied
at the hip” relationship with central banks, that pays for EVERYTHING banks do
… and of course, the “skim” sent to POLS, Apparatchiks, & regulators … it’s there
everyday, and it ain’t going away anytime soon, if ever ... with the lowest costs to
trade of anything available, it’s ideal for scalpers, especially in the age & era of
“trendless” markets, thank you very much central bank manipulators … and that
very much favors our TURNKEY PAMM.
Meanwhile over in crypto, simply a graveyard of widened bid / offer spreads,
disappearing volumes from specs who’ve gotten cleaned out, and liquidity a real
issue at times … talk about 180 degrees different from 2 months ago, well this is
it! … No trades in crypto today for “The Syndicate”.
… outta here … “the future’s so “GOLD”-en bright I need sunglasses”! 😎
… Onward & Upward!!
-vegas
