All they gotta do is change the narrative and then go for the positioned stops
… doesn’t matter what the narrative is, it can be anything … what the narrative
does is get specs and institutions to go position themselves, and once the banks,
who make no mistake collude with one another via anonymous chat apps that
self destruct 30 seconds after the chat is over, get everybody positioned to the
hilt and there’s no real new money being added to the pile, then all Hell breaks
loose cuz the banks are positioned correctly and everybody else is “prey” … and
what we see today in USDJPY is nothing more than, first screw positioned longs,
then screw newly positioned shorts with a 200 PIP rally straight up the wall to
almost a reversal high, and top the month and end of week off with a nice 100+
PIP drop … any indicator you can name is gonna have problems with this.
Well, welcome to the new paradigm of FX trading, where it’s either 1) bat shit
crazy [BSC] daily & session ranges, with often times attendant double or triple
reversals, or 2) “it’s dead Jim, stick a fork in it”, and you’ll be lucky to see a 15 PIP
session movement over 6 - 8+ hours … and here lately the last couple of weeks,
the emails I get from people ready to rip their hair out has grown … although
worded differently, the themes are decidedly common and strike the same tone
… so, what to do?
Sunday’s release of version 3.0 of the trading algorithm is the “what to do” … learn
it, love it, and most importantly FOLLOW IT, and you won’t have any problems
… tinker with it, add some shit, subtract some things cuz you’re “brilliant”, and I
promise you heartache is right around the corner … I’m not asking for anybody’s
“Input” cuz I don’t need it, and version 3 spells it out … read it and don’t like it or
disagree, and it’s fine with me, it’s your loss not mine … JUST FRICKIN’ DO IT!
The narrative changes today in USDJPY, and then WHOOPS!, never mind, inflation
still is a problem … what a crock, of course it’s still a problem … the upshot,
though, is that banks literally mug, rob, and then rape, first longs, then rip shorts
apart, and then kill longs again twice in one day … champagne and weenies
wrapped in bacon for everybody on the trading desks!
Just as a side note, I had to go back to the hospital early this morning cuz I noticed
tiny amounts of blood in my urine … had another urinalysis and blood test run,
and from Tuesday afternoon when I got released to very early this morning, I’ve
developed a common kidney bacterium infection … it wasn’t there on Tuesday, but
it’s here on Friday … one of the infinite ramifications that can happen when
dehydration comes calling … not always of course, but it’s why they always want
follow up after you’re released … no problem, got an antibiotic prescription from
the doctor, went and got it filled, and I’m back about a little after 8 AM EST.
One algo trade signal today in USDJPY … TURNKEY PAMM UP SLIGHTLY … I got
to the trades late today, so I kept volumes light … next week they go higher
… USDJPY TREATING me right, with fills and latency excellent … EURUSD a
frickin’ mess … onto next week, with a blog update on Sunday … until then.
… outta here … “The future’s so bright I need 2 pairs of sunglasses 😎😎, and
my own Brinks armored truck” 💓!! … Onward & Upward!!
-vegas
No comments:
Post a Comment