Yes, the new plague infecting humanity … government’s response to a flu virus
… now all the “Little Joe Stalins” the world over from Australia to Zimbabwe can
control their populations via “health care control for your own good”, and thus
1984 is upon us faster than Preezy Idiot Boy making another gaffe … all of us are
now subject to the whims of the “Wizards of Smart” … “does this mean I get
another Stimmy check real soon”?
I laid out yesterday in the blog update how scumbag LP banks get bailed out by
Apparatchiks … “well, that didn’t take long did it?” … heavily long absorbing
sells for hours in Cable, scumbag banks found themselves a tad long early this
A.M., and so here comes BOE PIE HOLE Haskel to save the day, muttering
bullshit about not tapering or tightening too soon for the BOE, and setting off a
furious 40 PIP rally straight up starting around 12:20 Turnkey server time, that
crucified shorts and ran buy stops … “Is that Eddie Haskel of “Leave It to Beaver”
fame, from the 60’s hit sitcom? … wouldn’t doubt it one bit … and who do you
think was selling all the way up?” … and an hour later Cable hits a new low for
the day … welcome to modern day manipulation and how it’s done! … sadly,
there isn’t anything anybody’s algorithm or model can do with Apparatchiks
when they decide to manipulate a market short term for the scumbag LP banks
benefit … it comes out of nowhere.
Meanwhile, here early, other markets [gold & “Stock Bellies”] are getting
“Monkey Hammered” on lockdown fever, as the “Wizards of Smart” panic over
another mutation of the coronavirus … ATTENTION “EXPERTS”
[COUGH, BULLSHIT!, COUGH]: “Since the dawn of time, flu & cold viruses
belong to the coronavirus family, and are known for their capability to mutate
into different strains … are you just learning this? … in the last few months,
more people have died from your vaccine via “complications” than from the
actual coronavirus … oh well, shit happens I guess, right?” … welcome to the
New World Order of permanent pandemic crisis! … “Hi, we’re from the
government and we’re here to help”!
Turning to Cable today … nothing in the Asian session to start the week, which
kind of surprised me … given the scope of panicked POLS & Apparatchiks in
Australia & France, among the worst so far, I expected some downside action
… Asia didn’t deliver … by the time I got to my screen around 4:10 AM EST
[New York], the day is practically over with an 11 minute 60 PIP drop to start
European trading around 3 AM EST … now it’s time for the “Loser Formation”
for a few hours, followed by the PIE HOLE from the BOE bailing the scumbag
banks out of longs … and since then it’s a bucket of shit, where ranges are tiny
and choppy, and the scalper algo parameters are not in sync … and what that
means is that the market is a “coin flip” … go long go short, nobody has an edge
here … might as well be in Las Vegas playing Baccarat, at least there you could
get a free drink.
The range [so far] today in Cable about 75 PIPS, which is a tad light under the
20 Day Range MA, but nothing out of the ordinary … what hurts today is the way
in which the range [so far] has got put in, followed by the “Apparatchik stick save”
that burnt “buy fuel” back to ZERO … and add to that, nobody wants to short the
market right above 1.37000, where support runs deep down to 1.36700 … so if you
get short here, given the range isn’t that sub par, where do you go if it can’t break
1.37? … and how much room do you give it if it starts to rally … if you get long,
where’s the play here, given that the Apparatchik can’t even keep it higher? … can
you say “chop chop”? … and as the sun comes up in New York, that’s where things
stand right now, a meat grinder where only the banks win … my best guesstimate
is, everything is gonna come down to where the SP500 is at this afternoon in
New York … somehow above 4300 and look out above … below 4250 and look out
below as gamma selling picks up intensity … and this will spill over into FX &
Cable as sure as I’m sitting here … late New York today could get very chaotic
and volatile.
The algorithm pre-supposes, and is designed such, that the market is gonna have
to move more than 5 - 10 PIPS over hours, cuz if it doesn’t the parameters collapse
onto each other and the math becomes meaningless … doesn’t matter if your
analyzing time and/or price, that little of movement is defined as “CHOP”, and
it is “CHOP” [especially inside a tight “Flying Wedge of Death” (FWD)] that kills
accounts and is to be avoided at all costs … and of course, since the scumbag
banks pay ZERO commish and are the bid/offer, they benefit from chop and
you lose.
NYSE open and is this ugly … “Tulip bulbs on sale, down 500 index points … get
‘em while they’re hot”! … Cable doing nothing [for now] … “Stonks” are so
overpriced and valued to perfection, any new lockdown bullshit that comes down
the pike ain’t factored into prices I can assure you … this matters cuz it plays into
dollar strength / weakness and affects Cable … Cable today, once the European
open 11 minute “Thelma & Louise” was done, has been a wicked affair … a very
nasty FWD, at times slow and at other times viciously fast, has seen price go
up/down multiple times over 20+ PIPS … through it all, the algorithm has
remained steadfast.
Only one algo signal trade today … TURNKEY PAMM UP SLIGHTLY.
And while some might think I’m displeased with the number of signals, on the
surface that may be the case cuz we always like to see trading opportunities
… however, the algo did it’s job perfectly! … first priority is to say the hell out of
trouble and not get WHACKED! … then and only then, by induction the algo gives
signals that “don’t lose”, or I should say have a low probability of that happening.
The fact there’s only 1 signal in the European session is somewhat an anomaly,
but given the nature of the pandemic news cycle and panic flows occurring, I’m
not at all unhappy with today’s trading … just the way it is sometimes!
Cable now minutes before the London Fix, hits a new low for the day and the
range for the day has expanded to approximately 102 PIPS … any sell signals
Cable gets going forward will have to expand the range on the downside, and
we’re already above the 20 Day Range MA, so not a good look for shorts down
here … of course if “Stock Bellies” continue to slide, it could get ugly this
afternoon … we’ll see.
And the mid afternoon in New York is proving to be “ugly” … DOW30 down
almost 1,000 index points from Friday’s close, and the back end of the “88/6/6”
paradigm rears its ugly head and bites down hard … the “PLunge Protection
Team” [PPT] will eventually show up, but as long as there is selling they won’t
... there job isn’t to sop up selling, their job is to punish the shit out of you after
you’re done selling, thus making you look like an idiot for selling the break
… and that “risk off” will influence Cable.
Meanwhile over in crypto, it’s nothing but steady selling in terrible trading
conditions … good grief what a nightmare the alt-coins have become.
… outta here … “the future’s so “GOLD”-en bright I need sunglasses”! 😎
… Onward & Upward!!
-vegas
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