THE FED SHOULD BE DESTROYED

“OH look, it’s lunch time at the FED!”

They created the financial bubble problems along with inflation, now have no idea

how to get rid of ‘em, except raise rates that will kill middle class America … the

financial system of the world is about to go Sri Lanka, if they go ahead and drop

the 100 bps rate hike coming up later this month … these people should be

arrested, tried, and hopefully convicted of corruption, bribery, theft, sedition, and

treason … they won’t be of course, but they should be … evil scum the world has

seen too much of these last 109 years, as they have successfully debased the U.S.

Dollar some 98%+, unleashed historic inflation, and are about to inflict the world

with a depression that they eagerly agree needs to happen.

FX markets today a complete train wreck … “crickets” in EURUSD & GBPUSD,

“speed of light” panic in USDJPY … oh, the manipulators have had a busy day so

far … USDJPY making me look like an idiot, but that’s OK, it won’t be the first or

last time! … as it goes parabolic, just remember what ALWAYS HAPPENS TO

MARKETS THAT GO PARABOLIC … ALWAYS! … and the upcoming crash as the

world enters a DEPRESSION will be one ugly event … it’s not a question of “IF”,

it’s a question of “WHEN”!

Now after the London Fix, and wasn’t that a nice little “gift” to strapped bank

longs from FED PIE HOLE Waller RIGHT AT THE FIX? … no doubt somebody got

a phone call for help to stop the FX bleeding and dollar strength … no problem

the PIE HOLE says, maybe that 100 bps rate hike is a little premature … and it took

all of 1 microsecond for both EURUSD & GBPUSD to GO SUPERNOVA and

explode higher … “yes, being short with the entire rest of the world for that “easy

money” sure is fun isn’t it? … and I’m guessin’ that buy stop didn’t help much

did it? … yea, I know without knowing, it got filled at the tippy top”.

FX is so fractured, it’s like there are 3 markets wrapped up into a day … 1) Asia,

which doesn’t give a shit but for what the ChiComs say … 2) Europe, which is

almost totally useless for anything except chop & drift … 3) anything after the

London Fix [11 AM EST], cuz with Europe closed, it’s now the virus scum of Wall

Street calling the shots … reversals, double reversals, triple reversals, it’s all in

the mix now … today sees EURUSD putting in a TRIPLE REVERSAL from Asia

… seriously, WTF is next? … we get the usual “speed of light … crickets”

bullshit today, which helps nobody but the scumbag banks … meanwhile

USDJPY just says “Fuck It”, we’re going straight up 2 handles to almost 140,

who’s gonna stop us? … well, apparently nobody!

The only good thing about today, is that the “parity” level in EURUSD got taken

out, and so now life can move on from an artificial level that doesn’t mean Mr.

Jack Squat … until Friday 7/22, I want nothing to do with EURUSD … that’s the

day Vlad decides whether or not Germany gets Natty Gas turned back on or not

… until then price is definitely capped, and regardless of today’s turnaround on

FED PIE HOLE help, I don’t think EURUSD is going anywhere … for the entirety of

the day, I was watching and waiting in Cable … and in 11 hours+, we had about a

little less than 3 hours of “sky blue” UP trend on the MT4, and a little more than

8+ hours of “pink” DOWN TREND on the MT4 … problem was, none of the

uptrends produced diddly squat in terms of price movement … I kept waiting for

buy signals PLUS confirmation breakout, and got exactly NADA! … and it was like

that all the way to the London Fix … and then the FED PIE HOLE from central

casting shows up and blows the shit out of the market in less than a second

… when all else fails, and banks are long and trying to get a market to rally so

they can sell to spec Chumps, but it’s not rallying, all it takes is a call to the FED

for help, and here comes today’s “du jour help” Apparatchik with some timely

words … what a frickin’ scam!

Quite frankly, I’m no longer willing to attempt “bottom picking” in any of these

markets, for the simple reason that there are no rules anymore in trading … NONE

… and any of these markets can continue on their merry way killing you all the way

to the bottom, where you will puke hard before it bounces smartly … “how much

salt do you want rubbed into your stab wounds”? … you have to have some kind

of “wind at your back” [a/k/a trend] for trades or they will carry you out … and if

there ain’t no wind, then there ain’t no trading, simple as that … and for me right

now, I absolutely refuse to be short EURUSD UNDER 1.02 & GBPUSD UNDER 1.20,

cuz 1) the consequences of rapid reversals are very high, 2) they are both

extremely oversold on every technical metric known to mankind and the entire

world is short them, and 3) the consequences of both going lower still portend a

worldwide DEPRESSION, and I don’t think any central bank wants to see that, so

“Plunge Protection Teams” [PPT] I think are at the ready to intervene heavily if

things get more stupid … having said that, if Vlad decides to not turn the Natty

Gas back on, for whatever reason on 7/22, all bets are off the table and both pairs

could see substantially lower quotes rather quickly … until then though, no.

I will remind readers again of the central premise of the trading algorithm

… 1) first priority is to stay the Hell outta trouble … 2) identify a trend that can last

for some scalp trades, thus we use the m5 with the 2 indicators [HEMA & HEIKEN

ASHI SMOOTHED] to accomplish this … when both indicators are “sky blue” trend

is up, and when both are “pink” the trend is down … 3) when trend is up on the M5,

we do ONLY LONG TRADES, AND WHEN THE TREND ON THE M5 IS DOWN WE

ONLY DO SHORT TRADES … 4) having identified trend, using a split screen of a

15s chart via Netdania with 2 indicators [TEMA [yellow line] & ALMA [white line] ]

… 5) TEMA OVER ALMA BUY … TEMA UNDER ALMA SELL … with appropriate

trend of course … and that’s it, there are your very high probability scalp trades.

As I just said, I’m not interested in being short Cable when/if it’s under 1.20 given

circumstances in effect right now, so the short trades are for the moment off the

table … and so today, like many a day lately, we get some kind of gamma burst of

buying, that when it ends, doesn’t come back and then go higher … we simply get

a gamma burst UP, then followed by drifting down, until it races towards the

bottom … rinse / repeat for again like the millionth time inside this POS “Flying

Wedge of Death” [FWD], and you got a lot of traders simply getting mauled to

death with CHOP … the banks know it, they start it, and then they end it … and

then they just keep on doing it to you, cuz they got order flow info [bids/offers]

and we don’t.

I fully realize I’m passing on some short trades that will be profitable in either

EURUSD and/or GBPUSD, but I also fully realize what’s at stake for the world’s

financial system with major pairs at 20+ year lows, and growing with each day

… QUITE FRANKLY, THE “SYSTEM” CAN’T TAKE THIS! … and so, IMHO it makes

sense to understand some adult somewhere in charge isn’t gonna let it happen,

and the PPT gets unleashed and shorts get burned … and today left some burn

marks, no doubt … as for the YEN, it’s a basket case where some day the entire

system over there is gonna blow the Hell up … I don’t really want to be in USDJPY

right now either, cuz it’s dangerous as Hell, and more importantly Turnkey has

blown the spread out past where Cable trades … what the Hell is that all about?

So, if major pairs wanna go to ZERO, and the MT4 trend stays “pink” for a good

majority of the time, then let them go to ZERO, I don’t care … like I said, though,

7/22 WILL CHANGE EVERYTHING with Vlad and Natty Gas … Vlad holds all the

cards, thanks to idiot POLS … does he play nice, or does he take ‘em to the mat?

… dunno, we’ll find out a week from tomorrow!

Amazing as it seems, cuz quite frankly we should be getting at least 5 - 10 good

trades per day, there were no trades today in GBPUSD for the PAMM … and the

reason is simple, simply no good buy signals when the MT4 was “sky blue” … if

it’s “pink”, I’m not interested cuz I’m peeing into the wind and hoping not to get

hit … good luck with that. And while it’s kind of frustrating, what’s more frustrating

is buying rallies and selling breaks and losing money … sorry, I don’t do that, and

if you follow the algorithm that’s not gonna happen … so, onto tomorrow … it can’t

go lower and stay lower every day can it? 

… outta here … “The future’s so bright I need 2 pairs of sunglasses 😎😎, and my

own Brinks armored truck” 💓!! … Onward & Upward!!

-vegas