All eyes fixated on Spicoli’s Friday speech at J-Hole … dovish or hawkish? … not
that it matters much, cuz even he doesn’t know WTF to do or what he’s doing,
he’s “winging it” as he goes along … this idea he’s gonna get inflation back to
2% anytime soon is delusional … he’s simply a flat out pathological liar … like
the rest of the Lounge Lizards, and sociopaths & psychopaths infesting
government … today sees some U.S. stats, but even when those disappoint
nobody cares … ranges awful across the board, and “Trading Ratios” [TR] not
far behind … this isn’t a Cable problem or FX problem, this is systemic to the
entire casino.
Everything looks sick, but that doesn’t mean being short is the answer … blitzes
to the upside very wicked in Cable … volumes a joke, and whatever liquidity level
there is, I dunno where they are measuring it from cuz from where I sit there ain’t
none … everything a chopfest with some wicked spikes thrown in for shits &
giggles … there’s not yours! … and while TR is marginally acceptable, it sure as
Hell ain’t optimal … if you want to see what “horror show” trading looks like, pick
any market and watch the “circus shitshow” unfold, as front running loving LP’s
gouge the shit out of institutional orders as they front run order flow … and when
that order flow stops in one direction, it’s a wicked turn to the other side for more
fun and games, cuz it’s now time to gouge the other side.
I had hoped coming into today, that Cable could see some more upside from
yesterday and blow some more shorts out … but Cable is so sick, the problems
facing Britain so large and intractable, it’s hard to see how this shit can rally at all
given the news flow … the BOE about as clueless as the BOJ, and that’s sayin’
something … horrific energy problems facing the U.K., while inflation roars above
10%+ … and they think a couple of rate hikes is gonna solve this? … good grief,
what a bunch of Morons … but whatever, wake me when the riots start at grocery
stores … forget EURUSD at parity, think Cable under $1 before it’s all over and
done with!
Maybe tomorrow sees something, but quite frankly the entire board is preparing
for the C-4 explosion when Spicoli speaks at J-Hole on Friday … it is what it is,
and you already know it’ll be lightning strikes in various markets, spreads blown
out, and slippage a nightmare … it’s what “markets” [cough, bullshit, cough] have
become … heading to the London Fix within the hour, and quite frankly this is a
joke … about a 30 PIP range for my 5+ hours in Cable, and I can’t do anything
with that … just mindless drift up/down with no discernible meaning other than to
screw specs … well, it is August, and we got J-Hole in less than 48 hours, so
what did anybody expect leading up to the next explosion in price up/down
… tomorrow will probably be worse, but let’s not prejudge, cuz who knows.
This isn’t Cable’s fault … this is preplanned central bank planning for fireworks
come Friday … I’m pretty sure all of the big players already have been informed
what Spicoli is gonna say, cuz that’s how the era of manipulation works … in any
event no market is moving, and it’s all position squaring bullshit of the
highest order.
And then out of nowhere, we get the short squeeze from Hell … almost 30 PIPS
straight up in almost 18 minutes straight … can’t do Mr. Jack Squat all day long,
but going into the final hour towards the London Fix, here comes the
“scumbaggery & fuckery” from the usual suspects … and true to form, right at
the “Fix” [somebody got “fixed” alright], the high of the move to within a PIP or
two … “gosh, what another “coincidence” … maybe a regulator or somebody
can explain all these coincidences” … I’m guessing they’ll pass.
Multiple algorithm signals today in GBPUSD … TURNKEY PAMM DOWN
SLIGHTLY … collectively a couple of Happy Meals … Most of the trades saw
acceptable fills and latency, but one liquidation completely sucked and cost us
some … tomorrow sees bigger volume flows into J-Hole and beyond … I’m
generally satisfied we’re not getting hosed by these scumbag LP’s, except for
there few pennies or ounces of flesh, so on that score things are acceptable and
OK … the trading algorithm I’m using for Cable I’ll reveal next week, which again I
developed for the Mrs. & “Miss Gimpy” specifically for Cable, but appears to work
exceptionally well in all markets … it’s more day trading than scalping, and it’s
ease of simplicity should appeal to everyone … from what I can tell, it has the
potential for slightly more “false positives” under chopfest circumstances, but
oh so many more profitable trades when conditions aren’t choppy and see price
moving … no worries, time to make hay with bigger volumes! … onto tomorrow.
One final note … I’ll have some thoughts on crude oil tomorrow … today, I simply
ran out of time and it slipped by me … OUTTA HERE … “The future’s so bright I
need 2 pairs of sunglasses 😎😎, and my own Brinks armored truck” 💓!!
… Onward & Upward!!
-vegas
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