The special scalping algorithm I developed, and laid out in yesterday’s blog post,
has its highest & best use in 2 markets; BTCUSDT [Bitcoin] & EURUSD … not
incidentally, 2 markets at IQCENT, that I challenge anybody to find better trading
conditions anywhere else … BTC trading the absolute best on the planet, with 1
penny spread, and no commissions … the kicker here is the industry wide low
leverage of only 10:1, coupled with Bitcoin’s high notional value … on the other
end of the spectrum is EURUSD, where the spread most of the European & U.S.
trading sessions is 0.1, maybe 0.2 PIPS with no commissions … AND WITH
BOTH i’VE EXPERIENCED NO SLIPPAGE ON FILLS that means anything … these
trade logistics give a trader the MAX advantage over others, who pay higher
costs for no reason.
Learning to execute trades in each market is where most will need to learn new
skills … it sounds easy, but remember when dealing with live markets they often
times can move very fast, like right through a buy or sell signal … you also need
the ability to NOT look over your shoulder and play the “coulda, shoulda,
woulda” game, and instead simply focus on the next signal and prepare for it
… and finally, you need to tame the “greed gene” and learn to liquidate when a
market stalls, and not wait for it to turn … this is especially true in trading
Bitcoin, but don’t think EURUSD is for “widows & orphans” … it ain’t and it can
hurt you just as easily … VIX we can’t control, but it helps to understand if it’s
going up or down and what to look for in trades.
I’ve been doing some research work on USDJPY, to see if it can be included along
with Bitcoin & EURUSD at IQCENT … so far today, and it’s early yet so New York
is not in the picture quite yet, and it’s mainly a European session affair so far,
USDJPY appears to have a spread of 0.5 PIPS … I’ll check it again when New York
comes in and gets going, but 0.5 PIPS seems a little high to me … granted, it
moves and right now enjoys a high 20 Day Range MA relative to other pairs, but
the problem I have with USDJPY is that it gaps too often like Bitcoin, then dies
on the vine and goes into some sort of Loser Formation … well Hell, why pay for
that when there’s Bitcoin? … you’ll get plenty of action there and the conditions
are far superior … still, given the way USDJPY moves most of the time, there’s
no commissions, no slippage I can detect, and a 0.5 PIP spread makes it doable
… not optimal, unless the spread contracts some down to EURUSD levels, so it’s
doable on the surface of things.
Moving over to today’s “Slots-A-Rama” inside the casino, rotten services PMI’s
out of Europe has seen EURUSD go “Thelma & Louise” … surprise, surprise
higher rates are killing private demand even in the services sector … imagine
that! … but who cares in government? … after all, ALL OF ‘EM got the CNTRL-P
machine running “BRRRRRRRR”!, 24/7/365 and the central banks are gobbling
up the paper to fund government spending boondoggles … this is highly
inflationary, something that the Apparatchik Dimwits seem to have missed in
their phantom fight against inflation … government doesn’t care about higher
rates, it cares about getting money for votes and perpetuating itself to all other
means & ends, and of course if need be, “PRINT BABY PRINT!”
Meanwhile in the real world, the “Scumbaggery & Fuckery” from Biden and his
sick, psychotic crew of despicable Satanic Communists continues … see below.
“It’s too late, God has already abandoned the U.S., and pulled His once bountiful
blessings … in the vacuum that follows comes the EVIL that is deserved!”
… and it’s only gonna get worse … much worse … everything these POL
Assholes like Biden do is a “game” … a game of propaganda, and how can we
manipulate the news flow to our benefit, while at the same time blaming our
political opponents for every malady known to man … forget the grieving
families, just like forget the East Palatine, Ohio residents of the chemical spill
… if it doesn’t fit our contrived narrative, which needs to be force fed to the
Sheeple via the corrupt MSM, then “fuck it”, we’ll get a story that overshadows
our misdeeds & crimes and get you to focus on something that doesn’t matter,
except to pull at your heartstrings … these are indeed, sick, EVIL people … and
they don’t come any sicker than the perverts in the Biden Crime Family and the
sycophants that protect them.
What an “ass pounding” the banks handed out today in EURUSD … European
PMI’s a tad soft, a market that was long out their collective ass, and sell stops
underneath for the taking … and take they did! … straight down, straight up,
Loser Formation in a whopping 20 PIP yo-yo from Hell, and come again soon
… and that 20 PIPS is multiple hours since about 7:30 - 8 AM EST … from a
trading perspective it’s more like 10 - 15 PIPS, which when you consider it’s
Friday, fugetaboutit! … and for the record, EURUSD needs to see a
“Trading Ratio” [TR] above 2, cuz it’s got a 0.1 or 0.2 spread … anything below
2 and you have to leave it alone … about 5 hours ago was the last time it was
above 2, and with Europe closed, this day is over … I didn’t start my day until
about 7:30 AM EST, and from there it was all downhill … starting Monday I’ll
be at it from the European open … No trades for the PAMM today.
USDJPY over at IQCENT I don’t think is worth the trade … just too high of a
spread, spending most of the day between 0.5 and 1 PIP, and too much of that
was closer to 1 PIP than 0.5 … but, if you don’t mind that, go for it.
Bitcoin roaring back, vaulting 31K today after a slow overnight and into the
New York session … coiled springs got nothin’ on BTC! … multiple trades today
in BTC over at IQCENT, and “The Syndicate” UP APPROXIMATELY 1.1% … quite
frankly, I should have done better, so I’m a little disappointed in myself, but
hindsight is always 20/20 and is wonderful to behold … blog update on Sunday,
where I’ll be going over EURUSD in more depth … until Sunday.
… 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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