Late Friday some conversations with management about LP’s, disgusting fills,
and “what are you going to do about it”? … nothing you can really do about FX,
it is what it is and the LP’s throughout the industry are the same scumbag banks
we all know & loathe, no matter the house … CFD’s are a different story, cuz
while there may be some banks, most are HFT’s or by definition very large
hedge funds acting as LP’s … so to be kind, it’s a diverse lot … long story short,
there have been some changes we can’t get into, but conditions have improved
and we think you’ll like trading the indices if you trade in them … well, not that
we have a boatload of options, OK I’ll go light volume and we’ll see … quite
frankly, can’t be much worse than the gap bullshit we see in FX, so what’s the
risk really? … onto the NDX100.
Although not part of the “Super Scalper Algorithm”, there are some important
identifying characteristics that are almost ALWAYS present with up / down
moves, and it behoves you to remember them … when the VIDYA 13 IS LIME,
meaning UP SLOPE, until the UFT oscillator turns down, you’re most likely to
see “V” bottoms of only 1, 2, or maybe 3 m1’s that are red, and when the
VIDYA 13 line is RED, meaning DOWN SLOPE, until the UFT oscillator turns
UP, you’re most likely to only see 1, 2, or maybe 3 m1’s that are lime … THIS
IS AN IMPORTTANT FINGERPRINT OF THE NDX100.
In addition, when the VIDYA 13 IS RED, bottoms come on “failed” double
bottoms a great majority of the time … the best bottoms are the ones that make
a new low, then rally hard, and when the algorithm gives a buy signal it has a
very high probability … the equal and “falls short” double bottoms are also
good … remember them!
Now into the New York afternoon, and the insatiable appetite among people
worldwide for tech “Stonks” is not only “unreal”, but it is never ending … no
matter the news, no matter the historic rise in interest rates, it doesn’t matter
… BUY MOAR! … and in the “88/6/6” paradigm we find ourselves in since 1987,
when the “Plunge Protection Team” [PPT] was formed, BTFD is about the only
game in town … the trick now? … beat the BTFD-ers to the punch BEFORE the
scumbag HFT LP’s bid the price higher “el quicko mucho”! … and there’s
nothing on the board, except maybe Bitcoin when it’s moving higher in bat shit
crazy [BSC] conditions, that can beat what the NDX100 has done / is doing
now / and IMHO I can’t see anything to change the perception in the future
… ALL that matters is 1) can your house deliver a product with a spread around
0.7 index points when the NYSE cash market is open, and 2) can you execute
the algorithm? … if the answer is yes, welcome to the profession.
Before the NYSE open, 1 trade in GBPUSD, which will be my last … what should
have been a 1 or 2 PIP loser at most, turns into more cuz of horrendous slippage
on both entry and liquidation … I don’t care what they say, or what they quote,
if you trade Cable at Coinexx the spread in Cable is close to 2.5 PIPS, maybe
slightly more if it’s moving … moving on to the NDX100, I’m more than
somewhat surprised that fills in this CFD were actually “on the money” … “stay
like this, and we’ve found a new home to trade … but we’ll see what and how it
holds over the next few days, and whether or not “it’s live or it’s Memorex!
… the decent fills fake or real?” … PAMM finishes the day DOWN SLIGHTLY,
thanks to Cable stinkin’ up the joint … but no matter, it’s water under the bridge
… onto the NDX100 tomorrow, and I’ll be hittin’ the buy algorithm trades … it’s
a great market if you can get conditions & execution … let’s see how it
progresses with Coinexx.
Over at IQCENT, Bitcoin not doing Mr. Jack “Diddly Squat”, so I turned my
attention to the NDX100 … a few trades, and “The Syndicate” UP
APPROXIMATELY 0.2% … should have done a lot better.
And with my focus for both shifting to the NDX100, look for blog posts after 4 PM
EST … 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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