Another week starts, and before long, the only people left to manipulate will be
other manipulators! … can’t wait to see scumbag banks start eating each other
for FX PIPS … and as today can attest, simply by watching the lack of any price
movement except for the spikes, nobody is trading … the real question becomes,
“how are the scumbag LP banks gonna pay off all of the POLS, Apparatchiks, &
regulators, and give them their “skim”, when the pot of money shrinks
dramatically, cuz all of the specs have left for greener pastures”?
Dorothy, Tin Man, Scarecrow, & the Lion have all departed the manipulation forest,
and are on their way to OZ … of course, government types represented by the
“Wicked Witch” got other plans for these specs … bogus rumors, bogus
regulation, and scare tactics galore … but as Dorothy finally figures out, all you
gotta do is close your eyes, tap your heels 3 times, and utter “there’s no place
like crypto home”! … and gone are evil government, the wicked witch, and you’re
back on your laptop trading crypto as you awake from that bad dream of “other”
financial markets & their manipulations that cost you money!
We’re about half way through the European session as I write, and quite frankly I
don’t know why they even bother to open … if you want to call this “trading”, then
go ahead, but this is beyond pitiful … there is literally NOTHING here! … and
since we can NEVER count on Turnkey and their THIEVING LP’S to provide us
with HONEST & FAIR MARKETS in 1) crypto, 2) crude oil, and 3) “Stock Bellies”,
cuz of “phantom” bid/offer spreads that lead to massive slippage, there isn’t a
helluva lot to do except wait and hope either Cable or gold can do something
besides wander around like a drunken sailor.
Time for the “London Fix”, marking the end of the European session, and quite
frankly each week that passes these FX markets get MOAR! unimaginably
FUBAR … we passed comical a long time ago … and so yet again, Cable puts in
a pathetic yo-yo “Flying Wedge of Death” [FWD] 60 PIP-ish range … “The Widow
Maker” this ain’t! … I think it’s high past time to pass that moniker onto some
pair in crypto, cuz there isn’t anything in FX worth even looking at, it’s so
“Hoover Dam” pathetic.
And gold? … just as bad as GBPUSD, forging a $14 range but only $10 of that in
the European session … straight down, straight up, then die, so what else is
new? … another scam market when there’s no volume, no liquidity, and the
scumbag bullion dealer banks can fleece the specs with horrendous slippage on
fills … what a nightmare.
No trading today in the Turnkey PAMM.
I’ll trade when there’s something to do, and we can get valid algorithm signals,
otherwise I simply have to be patient and wait it out.
Crypto of course, a different story … “bigly & yuge” moves higher in the Asian
session [Mrs. Watanabe & Gal Pals … you go girl!], while the European session
into New York at lunch, a rather modest affair in terms of range … TRX with
“only” about a 650 tick range since I’ve been up … that’s quite a bit lower than
we’re used to, with ranges in the thousands of ticks … still plenty good, though,
for the trading algorithm … as I said before, while I’m glad to see such volatile
ranges, we DON’T NEED THEM to make money every day, and even if IVIX
[intraday volatility] fell to only ⅓ [one third] of what it’s been doing lately, I’d be
happy … and yea, I’m a happy camper! … seriously, what’s not to like about
making money in crypto? … does it spend any different than money made in
Cable, or gold? … well, the Mrs. doesn’t think so!
The reason the trading algorithm works much better in crypto than the MT4
markets is VOLATILITY … when any market sees volatility fall, especially to levels
we’re seeing in FX, which are at ridiculously low manipulated levels, the lower
VIX goes, the more “false positives” the algorithm will signal … the higher the VIX,
and the more statistically reliable the signal becomes … so, with crypto at
one-third of the VIX it’s been enjoying lately, the algorithm signals still enjoy
90% - 95% statistical reliability for a profitable long scalp trade … and the higher
the VIX, the better reliability of the signal, simple as that … translating that to
Cable [or any OTHER FX PAIRS CUZ YOU’LL NEED THIS THRESHOLD], we need to
see MINIMUM daily ranges at 85+ PIPS, and anything under that is going to
present problems … for gold, that threshold is $20+ … and both markets ain’t
seeing that today, that’s for sure … if they both traded like TRX, and had ranges
for example of CONSISTENT 125+ PIPS in Cable, and CONSISTENT $20+ in gold,
or even higher, you’d see the same kind of results in those pairs as crypto … the
point is, though, they aren’t there and that’s the problem … and they’re not there
cuz specs have abandoned trading them AND scumbag LP banks throttle VIX
… so, if you’re planning on using the algorithm to trade USDJPY, EURUSD,
AUDUSD, etc., pay attention to the 20 Day Range MA, and if it’s below 85, find
something else to trade cuz the algorithm isn’t designed for LOW VOLATILITY
MARKETS.
The algorithm also isn’t designed for high bid/offer spread pairs OR anyplace
you’re paying high commissions, whether they are in crypto or in FX … BTC &
ETH come to mind in crypto, while GBPNZD or GBPAUD in FX … “total cost to
trade” MATTERS! … don’t do “stupid shit” and give money away out of your
account for no reason … as I’ve said before, crypto coins under $5 are the very
best to trade, first & foremost cuz the “gas fees” [commissions] are very low
relative to the days 20 Day Range MA … as for me, and it’s a personal choice, I’m
a very conservative trader … if I lined up 100 of you, I’m betting 95 of you would
want MOAR! action … meaning, leverage and “reasonable” gas fees to get the
leverage plus be able to take short positions … when it comes to “spot” trading,
meaning NO LEVERAGE & NO SHORT POSITIONS, the very best place to trade in
the world is PHEMEX … pay $70 for “Premium” membership for the YEAR, and
your TOTAL FEES FOR TRADING ARE ZERO … “the only thing separating you
from profit is the bid/offer spread”! … quite frankly, I love this … I joined earlier
this 2021, and I’ve already paid for that membership and it hasn’t even been a
quarter … that money I save goes right into the pocket … and even if you’re a
“rinky dinky” account, it will still make you money.
If your more aggressive, IMHO BINANCE is better to trade the perpetual futures,
cuz their “gas fees” are slightly lower than PHEMEX [still, it’s a great place to do
futures, especially if you can get off some “maker’ [limit] orders cuz they pay you
0.025% of the order size], and most of your orders are gonna be “taker” [market]
… the worst level you can be at BINANCE, is VIP0, and that means 2 market orders
for a position will cost you 0.08% notional of the order size … at current price for
TRX, that’s about 9 - 10 ticks, plus the 1 - 3 spread, for a total cost to trade of
about 10 - 13 ticks … and YUP, you get 20X leverage if you want it, and you can
go short … by comparison, 99% of the time I pay 5 ticks [minimum tick fluctuation]
total cost at PHEMEX in spot … so, each has its “pros & cons”, and there is no
perfect solution that fits everybody … it depends on you and your style of trading
… either way, though, it doesn’t really matter in the long run cuz if you follow the
algorithm you’ll get to “millionaire” hood and go find your yacht with all the cash
that’s waiting patiently for you … and that’s what matters most!
Multiple algorithm signal trades today in TRXUSDT … “The Syndicate” UP
APPROXIMATELY 0.34%
Even with toned down VIX today, we still had plenty of profitable signals in TRX,
and from the looks of it, if you were trading either ONT, ADA, or XRP & VET at
BINANCE, those pairs did well also … directly below, I’m gonna keep repeating
this and drill it into your head, until it’s permanently tattooed on the inside of
your eyelids.
$250 becomes $2 million within 5 years making 0.5% per day trading … what you
don’t realize, is that if you’re slightly more aggressive in terms of return, say 2%,
that $250 becomes $30,000 after 8 months … and since you’re already hitting that
2% return, at this point you’re booking about $600 per day … that’s a $200K per
year biz you got there Skippy! … so, if you can’t wait 5 years, here ya go!
… NOTHIN’ TO THE UPPER LEVEL OF EARNERS WITHIN A YEAR!
We’re into the New York afternoon, and it’s hard to put into words just how lousy
& pathetic traditional MT4 markets have become … you can thank the manipulators
at the FED! … Bingo!, Bango!, Boom!, and we’re in another universe called crypto
… FREE, no scumbag LP banks, “open order book”, 100% transparency of price
discovery, and no wonder if the prices I’m seeing are real, or a figment of a
delusional LP looking to screw you.
Just another day racking up gains at the crypto office! … “the future’s so bright I
need sunglasses”! 😎 … Onward & Upward!!
-vegas
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