Finally, it all makes sense now … but sadly, Miss Cleo has passed … now giving
out psychic advice from the great beyond, her buy/sell recommendations still
better than JPM or Squid … my sources tell me she’s running a precious metals
trading desk, and is still alive somewhere in Belize, but I could be wrong … she
did a great job matching me with the Mrs., though, her $1 per minute 900 number
well worth it … I tried getting her trading Ouija board, but she was sold out.
Does it get any worse than this? … scumbag banks killing specs with low
manipulated VIX … it’s who they are, it’s what they do … until they’re all
positioned right for the next pre-planned market moving explosion … when you
don’t know what the Hell you’re doing, going to the casino to play baccarat looks
like a great “investment”! … shit can’t rally, shit can’t break … might as well take
the better spread from baccarat and get some free beers and buffet meals … and
quite frankly, that’s why they’re lined up in droves every day to play … I don’t
see Squid or Jamie Dimon giving anybody anything!
“Hail Bitcoin … long live Bitcoin!” … pretty much the only thing moving today, as
positioned longs continue to get stopped out by “whales” grinding price lower
… quite frankly, the technicals in the crypto space are “textbook” retail spec
… reminds me of the “good old days back in the trading pits”, where if you could
read people going tapioca, just from that alone you could make a very nice living
fading the pit Chumps … now, most “die in silence” … doesn’t have to be this
way, but nobody listens, so there’s that.
You know how bad things are getting when so called “markets” are moving on
jobless claims and Philly FED bullshit … personally, I liked Miss Cleo’s calls
better, cuz there’s really no difference between them … then there’s Coinexx’s
LP’s … nice 10 PIP spread in Cable / Yen on the release, no gouging there, right?
… FUBAR! … quite frankly, the scumbag LP’s just aren’t willing to make an
honest & fair market in crosses … you pay such a large risk premium and get
nothing in return except a few PIPS on the daily range … just isn’t worth it
relative to the standalone dollar pairs.
The alternative algorithm structure I wrote about yesterday, I know for a fact
works extremely well in Bitcoin .., right now arguably the most active market
going … and from what I’ve seen so far, it’s a little quicker on the draw in slower
markets with more trades … the trick in Bitcoin is finding an MT4 market in BTC
that isn’t skewed to shit with a “bigly & yuge” spread … since the major crypto
houses have very tight spreads and high gas fees, it’s the mirror opposite with
Coinexx, where the spread “is” the gas fee, and commissions are pennies
… bottom line is the total cost to trade is the same, right around $35.
Yea, there are probably other houses that have MT4 platforms trading BTC with
the same cost structure, but since I know Coinexx does, and the fact that the
PAMM trades there, I use them for charting BTC … generally, the price at IQCENT
will be roughly about $20 lower from the “bid” price at Coinexx in BTC … charts
look exactly the same, and there’s no lag between quotes or prices … it’s
basically instantaneous … the Mrs. & Miss Gimpy will tell you, use the MT4 for
BTC charting and signals, and use IQCENT for order entry and actual trading
… it’s easy to set up and easy to trade! … this Sunday, on the blog update, I’ll be
publishing a short Adobe PDF explaining this second “alternative trading
algorithm” I touched upon yesterday, which by the way represents information on
volumes and momentum just like the original, only in a different format and style,
and more importantly both the Mrs. & Miss Gimpy wholeheartedly like it and find
it more informative for them in their trading … I’ll be using examples of both
BTCUSDT and EURUSD … so, tune in for that!
Around mid morning in New York, I made the switch out of GBPJPY, and crosses
in general, and will trade either EURUSD, GBPUSD, and if those go completely
“call the morgue there’s been a death!”, I’ll look at USDJPY … EURUSD becomes
my first priority … if trading conditions stay relatively close to where they are at
now, and why wouldn’t they, risk is relatively lower, algorithm signals are plentiful,
and above all CONSISTENCY of profitable trades is there … and for those who
want both worlds available to them, meaning THE BEST BTCUSDT trading
conditions AND a very tight spread in EURUSD, ONCE AGAIN IQCENT COMES IN
FIRST PLACE … I’ve already explained how BTCUSDT has a 1 penny spread
with no commission, but EURUSD has a 0.2 - 0.3 PIP spread with no commissions,
AND the marginable leverage is at 500 : 1, meaning you got plenty of rope to hang
yourself and go out on that limb if desired … use the link in the upper right hand
column to sign up at IQCENT via my affiliate link .. it costs you nothing, but helps
me a little … fast, easy and when you fund your account with BTC, you’re ready to
trade your dollar account in about 15 minutes … check with live chat if you want
your account balance in other fiat currencies and see if they support it.
Past the London Fix and now into the New York afternoon, and somebody should
consider calling 911 for FX … “help I’ve fallen and can’t get up!” … this is
seriously pathetic … since the bush league stats that came out at 8:30 AM EST,
along with some housing data at 10, EURUSD with a whopping 23 PIP range from
the tips … more like about 10 - 15 PIPS of serious chop … I only got in 1 algorithm
buy signal in EURUSD today … PAMM UP SLIGHTLY … shit dried up pretty fast
after that, and there has been no effort at recovery in trading action.
Bitcoin getting dumped for the 2nd day in a row … looks and feels like more stops
to go after come this evening and into the wee hours of Friday … we’ll see … are
Mrs. Watanabe & Gal Pals still long with sell stops below? … I did a few trades
today before the New York session got started, and “The Syndicate” is UP ~ 0.2%
… pretty lackluster action before SHTF and BTC dumped … since then not much
going on except a downward drift … the grind lower is still on! … onto tomorrow.
… 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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