Markets [cough, bullshit, cough] meandering around in front of NFP, but overnight
saw some USDJPY liquidations … I think it was more of the failure to bust higher
after yesterday’s blowout ADP numbers, that got people thinkin’ maybe it’s time to
lighten up on some long YEN & YEN cross positions, than pre NFP positioning
… and like almost always, they do it when this side of the world is asleep, so that
by the time I wake up and hit my screens it’s all over … now you know why
scumbag banks love 24/5 trading.
You look at these traditional markets, and I don’t know how you NOT feel like a
hamster running in place … until you realize it’s ALL bank front running order
flow, and that there are NO “fun-durr-mentals” to speak of, you can run as hard
as you like, and the result is gonna be the same … you buy highs from banks, and
then sell lows to banks, and the process repeats … breaking free from the
hamster wheel is what scalping is all about … the banks do everything in their
power to thwart short term traders … you rise above it and do it anyway.
Each and every month we play this stupid fucking game with made up, make
believe, horseshit government numbers nobody has a clue where they came
from … and each month, almost without fail over the years and decades,
somebody goes in and gets monkey hammered up & down no matter the
market … who keeps doing this? … you’d think they would learn, but no … and
through it all, run by the most corrupt people in suits but always staying in the
shadows … what utter and complete garbage.
It’s no secret, I hate NFP Friday’s for trading … always have, always will … Asia &
Europe are usually a waste waiting for it, and when it does come order books get
blown to shit ‘el quicko mucho”, spreads get blown out, and the day gets
artificially shortened by it cuz the weekend beckons … by my accounts,
historically the absolute worst day of trading for the month.
One algo trade in the PAMM today in Cable / Yen … UP SLIGHTLY … over in
crypto, a slow day range wise in BTC since the early hours of only about $400
… “The Syndicate” up slightly as well … more on all of this on the Sunday blog
update.
… 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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