No worries, after yesterday’s complete Clusterfark of stupidity in GBPUSD, where
we saw 3 - 7 PIP moves in the bid/offer within milliseconds for hours on end,
today Cable has been given its MEDS by the scumbag LP banks … I guess after
you’ve stolen so much from traders yesterday, today being Friday and golf day,
THE MARKET GETS PUT ON ICE … which is kinda interesting since early this
AM, UK Services PMI had a big sigma miss to the downside, which shoulda
prompted selling … nah, what does any of this econ shit mean anyway? … all
that matters is BOE, FED, & ECB Pie Holes and QE forevahhhhhhhhhhh! … and
when the banks get stuck, trot out the nearest Apparatchik from anywhere to wax
eloquent about “tapering”, QE, or interest rates and it’s problem solved! … cuz
trapping the specs on the wrong side of order flow is what trading is all about
… and the Apparatchiks are only too happy to oblige cuz years from now when
they retire from being Faculty Lounge Lizards at the central bank, it’s time for the
“quid pro quo”, 7 digit consulting gig for services rendered in the past … OR,
which is more common in the U.S., $500K+ for a 15 minute speech, which is
nothing more than a delayed bribe … made famous by the Clinton Crime Family
of course!
And so, as we limp into this Friday as the sun comes up in money laundering
New York, Cable is sleeping quietly on a heavy dose of sedatives cuz the bankers
gotta play golf today … 3 hours into this so far, and this shit can’t move 10 PIPS
on a sigma PMI miss … if you ever needed more proof that this shit is
manipulated beyond belief by the central banks for the benefit of the scumbag LP
banks so that they can distribute the “skim”, this day should solidify no more
proof is EVAHHHHH needed!
Meanwhile, just a scant few days ago when the world was melting down in
markets, along comes our “heroes” from the FED to “stick save” the SP500
from a negative gamma meltdown … now hours later, the SP500 is just a few
index points from another new all time high [ATH] … amazing what printing
money for Wall Street can do when 1) it’s free money from the parking of
treasuries for a day or two, and 2) all of the corporate fascists get to do more
buybacks to enrich themselves via their stock options … what an amazing
scam! … “but hey, you got a Stimmy check didn’t you? … they get untold
BILLIONS, you got $1,400, what a deal! … do you need more proof the “U.S. of
China” is filled to the brim with Dopes”?
And speaking of Dopes, how about that CNN town hall with Preezy Idiot Boy the
other day? … good grief, what an embarrassment … they couldn’t even fill half
the room up, as he mumbled & babbled his way answering questions from
planted audience hacks! … oh, but he got 81 million votes … Bwahahahaha
… I’m sure Vlad is shaking in his boots when he sees comedy like this! … and
then there’s the flu that’s gonna kill all of us! … 40 some thousand people get this
new “Delta” flu, and about 0.1% have died … “Look over there, a squirrel”!
… NEWS FLASH for “Little Joe Stalin” control freaks: “every year thousands of
UNHEALTHY people die from colds & the flu … these pathogens are part of the
coronavirus family … get a grip on reality, the fucking government isn’t gonna
prevent you from dying some day from something, no matter what Preezy Idiot
Boy says or any of his sycophant agenda hacks in the North Korean “U.S. of
China” MSM say or report … this country has lost its fucking mind”!
So here we are, 15 hours into the trading day, and EUR has a whopping 26 PIP
range, JPY a 43 PIP range, and Cable with a paltry 21 PIP range since the
European open about 3 - 4 hours ago … “when is tee time again”? … this is
beyond pathetic.
And just like that, Cable comes off its MEDS, and let the manipulation games
commence at the blowing of the whistle? … who blew the whistle?
Quite frankly folks, after this week, I know I made a mistake and I’ve picked the
wrong market to trade … clearly, whether it’s Summer or not, FX is a disaster
happening in real time … I’ve picked the wrong market, cuz Cable and the rest of
the FX space just doesn’t have the spec volumes necessary for decent,
functioning markets … quite clearly if I had my stupid eyes open, the only place
to be is “Stock Bellies”, specifically the DOW30 … the downside is slippage on
fills … the upside, though, is characterized by 1) good ranges, 2) relatively pretty
good spread and total cost to trade, and most importantly 3) it’s part of the
“88/6/6” paradigm supported by the FED for over 33 years now … today sees the
20 Day Range MA = ~380 index points … does anything in FX have one third of
that for a range in PIPS? [Hint: NO!]
Running the scalping algorithm in the DOW30 yields excellent results … the key
though, is not getting whacked by the back 6% [see Monday] … if you can clear
that hurdle, there isn’t a ship big enough to carry the money you make
… seriously … in addition to the NYSE session, the DOW30 trades very well from
the European open to the NYSE open … probably trades better & truer than when
the crooks are on the loose from 09:30 EST - 16:00 EST in New York.
I don’t really look at it like I’m bailing on FX … more like FX is proving to me it’s
nothing but a bank LP scam running stops and order flow … and while the
lightning moves in DOW30 can be eye watering, at least you got a chance to have
IVIX work for you … you don’t have that in FX, cuz almost every move is “one &
done” followed by the “Loser Formation”, or even worse the “Flying Wedge of
Death” [FWD] and a trip to the other side … in other words, there’s ZERO behind
FX moves, especially in Cable … we get these explosive moves, and then 3 - 5
minutes later it’s done and over, thanks for playing and allowing us to run your
stop! … until the next time hours away … screw that! … you move into new digs
and you don’t like what you see, if you have any brains you leave … I’ve never
been one to ignore reality in markets, even when the brick comes through the
window and hits you right between the eyes … are you awake now? … did that
shot to your face leave a mark? … hell yea, you better sit up and pay attention!
… and the dirty little secret is, is that for upwards of 30+ years everybody and
their brother has been calling for a “bigly & yuge” market crash, which never
comes [except for the virus hoax of March 2020] … and the FED, with the
CNTRL-P machine and unlimited funds for the “Plunge Protection Team” [PPT]
has been there EVERY SINGLE FUCKING TIME for the “stick save” [see what
Tuesday did after Monday] since 1987!… the “FED Put” so to speak … they’ll be
there ‘til they ain’t no more, right about the time heads start getting separated
from shoulders!
Which brings me to Turnkey … quite frankly, the only 2 indices worth a shit,
meaning you won’t suffer too much slippage [knock on wood please], are the
DAX30 and the DOW30 … of the two, the DOW30 is a superior trading vehicle
… Turnkey has a problem with the NDX100 & SP500 with slippage and off the
market fills that are horrible … my experience in the DOW30 lately has been OK,
although at times I’m not happy with a fill or two … comes with the territory
believe me … but, and this is a very “bigly & yuge” BUTT, if you buy it right the
money is unlimited.
As far as I’m concerned, gold & crude oil are out of the question for trading
… gold cuz nothing has changed with Basel 3, cuz they’re still shit weasels
playing the “Comex Con Game” like before, and scumbag bullion dealer
“scumbaggery” via slippage is a very big problem … crude oil cuz the LP’s
refuse to make an honest and fair market via the spread … plain & simple it’s
a rip off.
Any market I trade has got to have “Pop” on a CONSISTENT BASIS, meaning it
moves throughout the trading day, NOT just for a few minutes on scumbag bank
LP’s “juicing” order flow, and then DIES and all we see for hours on end is the
“Loser Formation” via chop … throw in the “88/6/6” paradigm, which no other
group of markets enjoy, and as long as you don’t do “stupid shit”, the money in
here is like it’s falling from trees … bend over and pick it up! … so yea, I’m gonna!
… I’m not trying to play “Whack-A-Mole”, and shift all over the place chasing
markets, I’m finding us the best home for making money given the way “markets”
[cough, bullshit, cough] act & behave today, in the era of extreme manipulation
… an era which I don’t see ending anytime soon or even changing in the slightest
… we got QE forever that isn’t gonna be dispensed with no matter what the
talking heads say … the FED is “all in” on market manipulation on the buy side,
and they aren’t gonna just change their tune.
No trades today in anything. I’ll pick it up in Asia with the DOW30 on Sunday
night.
I’ll have more on my switch to the DOW30 on the blog update on Sunday … outta
here … “the future looks so bright, I need sunglasses”! 😎
… Onward & Upward!!
-vegas
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