And the “Wizards of Smart” at the FED flood the system with money, send out
the “Plunge Protection Team” [PPT], and everything is now “A-OK” from
Monday’s market wide meltdowns … banks get saved from all the shit they
bought on the way down, so they can sell back again to the same Dopes who
bought it last week … doesn’t matter the market, it’s ALL OF ‘EM! … rinse, repeat
endlessly cuz it’s the scumbag banks who have positioned themselves as the
middleman in EVERY SINGLE TRADE ON EARTH, so as to “skim” markets to
1) pay the bills for everything, and most importantly 2) the “vig” for POLS,
Apparatchiks, & regulators to look the other way so it never ends short of
revolution … it’s simply “The FED Con Game” … today sees the ECB wax
eloquent with an interest rate meeting … another excursion into stupidity &
hubris … and quite frankly, it’s never going to end until heads get separated
from shoulders!
BOE Pie Holes & an ECB meeting … what else do you need for complete chaos
and mispricing in GBPUSD? … well, this one has been one for the clusterfark
cookbook IMHO … Cable today let loose from the insane asylum, where early
nothing made any sense whatsoever, and as we drifted to the London Fix, things
got stranger & more weird by the minute … talk about a day for LP scumbaggery,
this is it … price quotes jumping all over the place in such a disjointed fashion, I
simply backed away from this shit cuz I know what happens when you get filled
3 PIPS off the market … and by looking at the tick box, 3 - 5 PIP slippage all over
the fucking place no thank you since I turned on my screen … although not quite
as bad as during the March 2020 pandemic hoax, there’s simply no way the
algorithm can capture anything without risking plenty … screw that … today
wasn’t a case of “Speed of Light … Crickets”, it was a case of take your fucking
meds for cryin’ out loud and settle the hell down into some kind of tradeable
market … which it didn’t and hasn’t since the BOE Pie Hole opened his mouth
early this A.M. … somebody or group of somebody’s sure got walloped today,
cuz the price action bordered on insane.
Quite frankly, algorithm signals in this look like linguini thrown up against a
wall … they’re all over the place, meaning they’re useless when conditions get
like this … when market action dies and when market action goes past above
volatile, you simply have no choice to sit, otherwise it’s guaranteed losses on
the worst fills Turnkey’s LP’s can hand out without getting indicted … and make
no mistake, your winners are gonna get clipped as well, so it’s a double
whammy … it is what it is, nothing I can do about it … I’m here to make money,
not give it away in an environment that only enriches the scumbag LP banks
… won’t break on the way up, and can’t rally on the way down … no corrective
activity at all, and don’t even go there telling me 6 PIPS is a “correction” cuz it
isn’t … and with shit fills GUARANTEED on days like this, every time you click
a button it hurts.
And since the London Fix has come & gone, this is an embarrassment to the
concept of trading … limping along now mirroring the idiotic “Stock Bellies” as
they go on their manipulative merry-go-round way … of course, in a sane world,
where you could count on spreads to be the same everyday, and not some kind
of lottery, and LP’s were half-way honest, meaning they didn’t or won’t steal
much, we could actually trade a phyz commodity like crude oil … sounds
reasonable enough, but no can’t do that cuz Turnkey’s LP’s in crude oil are a
nightmare … I mean, if you can’t steal money what’s the purpose of being an LP?
Now into the New York afternoon, where criminal banks on Wall Street take
charge … 10 hours from the late Asian session, and Cable is a handful of PIPS
of where it was then … 25 PIPS up from then, and about 15 PIPS down from then
… in all about a 40 PIP range of hyperactive “Flying Wedge of Death” [FWD], turn
on a dime blink your eyes and it’s moved 5 - 7 PIPS before you can even think to
yourself, “WTF was that”? … and that’s from the tips, it doesn’t even begin to
describe the horseshit trading conditions inside of that … when I look at an order
box and see the bid go from 63 to 68 in one jump, followed in the next 5 seconds
a move down to 59, followed by a return to 68 in under two seconds, I know
somebody is getting obliterated ... I have no plans to join them … cuz the dirty
little secret is, as I can attest myself, you’re up on a trade and go to liquidate,
and find your fill 3 - 5+ PIPS off where you think it should have been, and now
have a small loss … OK, that means you have to have about a 10 PIP winner
before you know for sure your trade is going to be legit … good luck with that in
a measurable 30 PIP range of bullshit with LP’s stealing money left & right, like
taking candy away from a baby … in other words, no measurable flow of price
that makes any sense at all for PROFITABILITY … it’s been a while since we’ve
seen this in Cable … lately it’s been ONLY “Speed of Light … Crickets” … well,
that’s out the window today with BOE Pie Holes & ECB stupidity hitting the
market … can’t break going up, can’t rally going down, and only the scumbag
LP banks know where the manipulators lie in wait to turn it around.
I said the other day that Cable belongs in that group of markets that can be traded
both from the long & short side … true enough … however, from what I see &
observe, even on down days, the “pops” that move the best are those to the
upside … unless Cable is in one of those days where it’s getting “monkey
hammered” unmercifully, which is few & far between cuz on most down days there
are tradeable rallies to scalp for sure, IMHO the best results lie from the long side
… so, I’m going back to trading Cable from the long side only, as I feel algorithm
parameters when it’s in “sell mode” cost us money … I’ll start that tonight in Asia
and go from there … quite frankly, today could have been profitable had I done
that.
No trades today in anything.
I’m going to also be extending my trading hours into the New York afternoon for
Cable … what’s happening in “Stock Bellies” & the 10 YR Treasury are having a
heavier influence on Cable, so I simply will adjust for the fact the criminals are
running things and deal with it.
Onto tomorrow … outta here … “the future looks so bright, I need sunglasses”! 😎
… Onward & Upward!!
-vegas
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