Britain lurches towards another lockdown … I can only assume the Brits are
taking it as a challenge to see if they can be MOAR! stupid than anything
“Taliban Joe” can do on this side of the pond … after yesterday’s embarrassing
show of weakness with Vlad cuz he can’t even turn a frickin’ web microphone on
without looking like a complete idiot, the Brits led by BoJo show they are in the
running for the TOP idiot award as well … cuz you know, all of the face diapers,
head condoms, lockdowns, and complete loss of everyday freedoms has just so
well contained the hoax virus hasn’t it? … sure! … so, by government logic, let’s
do MOAR! of the same shit that didn’t work before only MOAR! of it in larger doses
to completely rampage the country and turn it into “UK-istan” … what a bunch of
fucking idiots! … these people deserve scorn, ridicule, and exile, only don’t
send ‘em to the “U.S. of China”, cuz they got enough already.
And of course Cable reacts negatively … as I said earlier in another blog, markets
react to government stupidity cuz they know with CERTAINTY how capable they
are to FUBAR anything they touch, and it’s that uncertainty markets react to with
worst case scenarios … BoJo, who had such promise and a clear mandate when
he steamrolled Labor, now looks like a complete fool after so many gaffes, he’s
rivaling Biden for “gaffemaster” … some days [mostly all of ‘em] you wonder
who’s running things in the U.K. as it slides into PC obscurity while the
mainstream of the country suffers under a group of Assclowns he’s assembled
… Assclowns who make videos of Christmas parties while violating COVID rules
set for the little people under their thumb and laughing their collective asses off in
the process … these are ELITES, and rules don’t apply to them, simply cuz they
know it’s all a fucking hoax … “never let a crisis go to waste!”, and anything they
can do to make your life worse and more oppressive & authoritarian, they will
gladly do to grow government and destroy freedoms … “Please, take the stupidity
test to see if you pass … I bet the vending machine is stuffed with 1 Pound
notes & coins! … what a bunch of LOSERS”!
The only other country on earth in just as bad a shape as the U.K. is Japan … I
still can’t figure out how the market considers the Yen to be a “safe haven”
currency when SHTF, but it does … amazing … but from a trading / scalping
perspective it creates volatility, something the other pairs lack by comparison.
Oh, and as the sun comes up, here comes the pre-planned release from big
pharma giant Pfizer, saying that if you get 3 booster shots, it’ll defeat Omicron
COVID … and markets soar! … Cable/Yen goes orbital and the shorts get
obliterated … another banks win, trend followers [mostly short] get shafted on
“news” … amazing coincidence banks are always on the winning side isn’t it?
… cuz if it isn’t a preplanned news release, it’s trotting out some Apparatchik just
at the right moment for MAX effect to save the banks … NEWS FLASH: “You
aren’t trading against the “market”, you’re trading against banks that seek to
destroy you … and they’ll employ every frickin’ trick in the book in the rigged
casino! … don’t ever forget this”!
Well, that rocket ride has left the Cable/Yen market blindsided … talk about
burning up “buy fuel”, that hoax headline from Pfizer, one of the most evil
companies on earth, has left players pulling back to reassess what comes next
… and the sideways trading action tells me the market is gonna wait for the NYSE
open before it moves in any direction … this isn’t a new phenomena in FX, cuz
quite frankly it’s par for the course, and why over the years and decades I’ve
traded successfully, I’ve been a scalper the vast majority of the time … as Angel
Larkey, a professional poker player once told me in Las Vegas, “I play the people
knowing the probabilities of the cards, nothing more and nothing less” … in FX,
that means know the scumbag banks and attempt to let them work for you, and
don’t try and trade against them cuz it ain’t gonna work.
Today turned into a “Tale of Two Cities” kind of trading environment … take away
the 7 minutes right after the Pfizer jab hoax release, and it’s a very rough day
… first the hours walking down the hill, and then confusion and a walk up the hill
to new highs for the day right at the “London Fix” … another amazing coincidence
that highs and lows occur within minutes of some special bank screw job for
corporates & institutions looking to give away money … why this isn’t illegal, I
have no idea cuz it serves nobody’s interests but the scumbag banks, and of
course the POLS, Apparatchiks, & regulators who get fed off of the “skim” … and
therein lies the answer to why it’s allowed … I hate these kind of reversal days,
simply cuz the bat shit crazy [BSC] news event, whatever or form it comes in,
skews the shit out of order flow and absolutely destroys “buy fuel” in the
process … not only is the order book cleaned out, it leaves in its wake literally
nothing but a vacuum … and from a trading perspective, that’s not good.
And once we hit the London Fix, all you have to do is look at the m1 charts to see
that the ranges shrink dramatically as Europe closes for the day … again, not
good for scalping to see this development … and it leaves me no choice but to
skip New York afternoon trading cuz 1) the 20 Day Range MA has been exceeded,
and 2) trading activity has dropped off a cliff … no matter, in the earlier part of
the day before the Pfizer news, we did get one algorithm buy signal in GBPJPY
… TURNKEY PAMM UP SLIGHTLY … then after the Pfizer news, not a single buy
signal … about a dozen instances of coming very close, about 2 PIPS or less
away from a signal, but we never got the actual signal to buy cuz the market
turned … “some days you’re the pigeon and some days you’re the statue,
whaddaya gonna do”? … this occasionally happens with algorithms, cuz no
matter where you draw “the line”, markets have a way of normalizing a probability
curve around your “line” for signals such that some are hit and some aren’t, no
matter how small you want to make the increments … you just live with it and
move on … there are other times when it’s the reverse and you think you’re a
genius, but the truth is you ain’t, although it’s a nice thought … generally
speaking though, today’s action in the 2 parts of the day split by the Pfizer news,
not all that good for signals cuz we got no real defining moves of any
significance … one we did and we captured the scalp … but after the news, it’s a
different story … onto tomorrow.
Over in crypto, for once Asia & Europe dead … ETH came to life in early New York
as “risk on” took hold early … that faded as the “Spoos” couldn’t hold gains
… up ‘till then the range in ETH was tiny … and once it took off to the upside it
was a straight shot until the turn lower … we did get one algorithm buy signal in
ETHUSD, and “The Syndicate” UP APPROXIMATELY 0.1% … again “grinding” in
a market that hasn’t done much the entire week … and like GBPJPY, onto
tomorrow.
… outta here … “The future’s so bright I need sunglasses!! 😎
… Onward & Upward!!
-vegas
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