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Friday, July 16, 2021

REARRANGING DECK CHAIRS ON THE TITANIC

 

“Basel 3 accomplished NOTHING … same players, same shit market!”

Now that a bunch of high brow bankers have taken over 10 years to do

something about abuses in the precious metals market, we can now clearly see

that only the deck chairs have been rearranged for show … what a crock! … back

to the “Comex Con Game” in all its rotten glory!


Today sees retail sales at 08:30 EST [New York] on the altar of trading

manipulation … last few reports saw moves up before inflation figures reported,

while today sees sell stops hit before the retail sales numbers … all for the

benefit of the scumbag bullion banks who’ve been selling to specs the last 3

weeks straight … Bingo!, Bango!, Boom!, and half of that is gone in less than a

couple of hours as stops get raped … and who do you think bought your sell

stop?


FX so pathetic this Friday, it’s hard to even know if the idiotic FX market is even

open … 15 hours into the day and EURUSD doesn’t even have a 30 PIP range

… Cable & GBPJPY attempting to move somewhat better, but it’s a full fledged

mess as well … this is truly pathetic trading action, and when conditions get to

the point they are at now, there isn’t anything you can do but wait … the scalping

algo is designed to give trading signals no matter how LOW VIX goes … but at a

certain level, they become meaningless, collapsing unto themselves in a pile of

worthless mathematics where measurements and their trading implications are

absurd … it’s not the algo’s fault, it’s the markets run by the manipulators.


One look at today’s “markets” [cough, bullshit, cough], and if you ever need

proof positive of the manipulators desire for the “Loser Formation” as their

preferred method to destroy you, today is it! … the insanity that is “Stock

Bellies”, FX is dead btw [especially EURUSD], and gold all point to “speed of

light … crickets”, and if you got caught in any of that bullshit, there’s no way to

make any of it back cuz after it’s over they crush IVIX into dust! … and like I said

yesterday, it’s reversals on top of reversals “ad infinitum nauseum”, where the

only real purpose is to drive stops to be hit from the specs.


However, as I’ve pointed out in previous blog posts, 1) you have to do your

homework when it comes to scalping, and 2) you should scalp an “optimal”

market or markets and stay there and not play “Whack-A-Mole” with other markets

unless you absolutely have to when conditions go “tapioca” … there are silver

linings to the crap we’re witnessing now, cuz any Chimp can do well when markets

are volatile and moving, but when shit slows down to a crawl or worse, that’s

where true traders earn their stripes and money … so in a sense we’re fortunate

for conditions we’re seeing in GBPUSD, GBPJPY, EURUSD, DOW30, & XAUUSD

… and from that list, after analysis last week and this week, it’s clear to me which

market I’m gonna plop down in and trade … but remember, it’s all numbers on a

screen, nothing more nothing less … we trade “widgets”, who cares? … and after

analyzing a whole host of critical factors, Cable [GBPUSD] is the clear scalper

winner day-in, day-out … that doesn’t mean it’s perfect cuz nothing is, but it’s

heads above the other markets on a consistent basis over time in almost every

metric … and if conditions improve, which they will, so will profits in the PAMM

… since I developed the scalper algo, it’s been a laborious & sometimes tedious

process in real time ferreting out the intricacies of how markets really behave and

whether or not scalping makes sense in them … this is something that cannot be

done by simply looking at a chart from the past and fitting your ideas into it, it

has to be done in real time to be effective … well, that work has been done now

… come Monday say “Welcome” to our new home in GBPUSD, where while it ain’t

“The Widow Maker” any longer, it ain’t chopped liver either … thank you other

markets for showing your true colors during crap trading conditions, as I couldn’t

have asked for shittier trading from you over these last 2 weeks … it’s been a

true blessing for us!


Then there’s crypto … I knew when BTC crashed back in May, crypto [especially

the alt-coins] would suffer … I didn’t foresee it being this bad though … truly

ugly conditions … it needs a little more time to consolidate, back & fill, and at

some point the brush fire will start again … I’ll be there when it does for

“The Syndicate”.


No trading in anything today … come Monday, I’ll be focusing on Cable only, from

the European open [maybe a hair earlier] to the London Fix at 11:00 EST

[New York] … that will give us 8 - 9 hours of scalping which should … should

provide ample opportunity … bring it on, I’m ready.


… outta here … “the future’s so “GOLD”-en bright I need sunglasses”! 😎

… Onward & Upward!!


 -vegas



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