It doesn’t really matter which market you trade, as long as it delivers and meets
the expectations of a “scalping environment” successfully … obviously over
time, this means different markets cuz nothing stays the same in the
manipulation matrix everything finds itself in … in the here and now, you really
only have 5 choices, and 2 of those have a big asterisk next to them cuz it
depends on spread conditions where you trade ‘em and whether or not you
choose to trade futures or CFD’s … 1) Bitcoin [BTCUSDT], or alternatively if that’s
too rich for the blood, Ethereum [ETHUSDT] and/or Ripple [XRPUSDT] at IQCENT
… absolutely nowhere do you get better trading conditions than IQCENT when it
comes to crypto … 2) “Stock Bellies” [DOW30, SP500, NDX100] … right now the
NDX100 is the best market of the 3, cuz people love to trade tech “Stonks” … but,
it really depends on “total cost to trade” and where you trade … some houses will
have better conditions for DOW30, or SP500, it just depends … VIX for the SP500
and the DOW30 right now is very low, and you can see that reflected in their
respective 20 Day Range MA’s … 3) USDJPY … I have a love/hate relationship
with this pair … I like the PIP movement overall, but I don’t like the dollar value
of 1 PIP … but, given its very low spread under normal conditions, generally ½ a
PIP or less, and total cost to trade under 1 PIP given any commissions +
slippage, it’s hands down more volatile than other FX pairs … you get
“gap pricing” in FX in EVERYTHING, meaning the bid/offer quote jumps
erratically with the scam variable spread model employed by houses & LP’s,
so you might as well go with the most volatile, cuz you’re gonna pay for it no
matter the market.
The other 2 “asterisk” areas are 4) gold, and 5) crude oil … it’s very difficult to
find decent markets of these 2 away from futures … for the vast majority of
houses, gold & crude oil are pure rip offs … there simply are much better
trading / scalping markets available for trading without giving up the store just
to say you’re trading one of ‘em … and I don’t want to trade futures cuz it’s in
the U.S., and that opens up a whole box of bullshit nobody wants to deal with
at any level.
From here, we have to deal with these manipulated pieces of shit markets from
a specific angle, or you’re gonna get your money taken from you! … and that
angle is simple … your enemy is the scumbag bank or HFT, and you have to get
them to work for you not against you … you cannot buy rallies nor sell breaks
and expect to win consistently … you have to trade a market that is what I call
“UP / DOWN VIOLENT” in its makeup, and you have to “think like the bank” so
you can get a handle on when a rally is about to take place … and right now,
Bitcoin, NDX100, and USDJPY are like a 3-ring circus offering anything anybody
could want across world time zones … I like the NDX100 cuz of its spread
pricing and wicked intra day VIX … ditto with Bitcoin & USDJPY, but they need
to move to be effective.
Overall grading IMHO sees the NDX100 the clear winner, and it all happens within
6 ½ hours [9:30 AM EST - 4 PM EST] … wherever you trade, the bid/offer spread
for the NDX100 should be around 0.7 index points when the NYSE is open
… commissions should be very tiny or NONE at all … IQCENT has marginable
leverage for accounting purposes at 500:1, which is as high as I’ve ever seen for
any stock index … ditto with SP500 and DOW30 as well … that mi amigos is
tough to beat!.
And this last week has seen about everything you can ever expect to see when
it comes to the NDX100 … skyrocketing higher … panic selling lower … vicious
chop in the middle … straight up / straight down multiple hundreds of index
points … about the only thing you haven’t seen is dead market action over many
hours when the NYSE is open … and if you did, it wouldn’t be much different
than the vicious chop we’ve seen in short time periods … the only thing we
haven’t seen is a crash scenario, where price goes down thousands of index
points, and that’s not something you can model effectively cuz you can’t
measure pure panic successfully past RM=4 … you can try, but conditions get
“out of control” … spreads blow out … bids / offer change so quickly and the
LP’s hike slippage to Vito Corleone levels, and your probability of success in
this is about ZERO.
Here is the summary of the “Super Scalper Trading Algorithm” as it’s now
constructed … 1) 2 VIDYA CMO1.1 lines … the first VIDYA LINE IS CMO
PERIOD = 9, SMOOTHING PERIOD = 3, PRICE = CLOSE PRICE … COLORS0
= AQUA, COLORS1 = WHITE, COLORS2 = WHITE … the second VIDYA LINE
IS CMO PERIOD = 4, SMOOTHING PERIOD = 2, PRICE = CLOSE PRICE
… COLORS0 = LIME, COLORS1 = RED, COLORS2 = RED.
The second component on the m1 candlestick chart is my proprietary support /
resistance lines based on the Gann “Square of Nine” [SO9] … you can create
your own SO9 for further research at the link below.
https://www.bonniehill.net/pages.aux/gann/sq9.html
I use a 15 EMA to calculate uptodate every m1, support / resistance at 4
different volatilities [Risk Models] RM = 1 - 4, with RM=1 being the LEAST
volatile and RM=4 being the MOST volatile … these RM’s can be changed
“on the fly” within a second or two, and for markets I’m looking at, I usually
have both RM=1 AND RM=2 up on the m1 chart … simply load the indicator
twice and run it … each level is represented by a band of 3 lines [2 dotted,
1 solid] … this forms a “ZONE” of either support [below the market] or
resistance [above the market] … OVER 99%+ OF THE TIME, PRICE WILL NOT
ESCAPE RM=2 VOLATILITY LEVEL … THESE ARE NOT “ZONES” TO GET
LONG / SHORT … THESE ARE ZONES TO POTENTIALLY LIQUIDATE LONG
OR SHORT POSITIONS, AS THE PROBABILITY OF A SHORT TERM TOP OR
BOTTOM IS STRONG.
These “zones” of RM’s are at 125° and 45° degrees of angle to the “Cardinal
Cross” cell value of 15, which is on the 90° AXIS on the SO9 … triangles are one
of the strongest support and/or resistance mechanisms found in the physical
universe … and if you’ve taken the trouble to put them onto your MT4 platform
m1 chart, you’ll see just how “Hoover Dam” good they are … IF YOU CAN
SHOW ME A BETTER INDICATOR OF SUPPORT / RESISTANCE IN REAL TIME,
PLEASE LET ME KNOW!
The third component on the m1 is the “UniFisher Transform” [UFT] … the
settings for this are 10, 5, 3 and are the default settings … this oscillator
underneath the m1 chart takes price action and converts it into a Gaussian
probability function where price is converted into points on a bell curve … the
readings then give you SDEV [standard deviation] values from the mean of the
time period, here 10 … as we all should know, 2 / -2 SDEV from the mean covers
95% of the bell curve … in the LEVELS section of the indicator, add “0”, “2”, and
“-2” and the chart will show dotted lines for these “LEVELS” … generally, LIME
CROSSING OVER RED IS A BOTTOM AND LIME CROSSING UNDER RED IS A
TOP … values over 2 and under -2 are mostly seen when price is at one of my
support / resistance RM levels 1 - 4 … used in conjunction with the 2 VIDYA
LINES, the UFT is the key component in first looking for a long / short trade.
All of the files you need are in “Download Links” … VIDYA is listed separate
… the “UniFisher Transform” [UFT] is in the “MQL4 FILES 2” directory … and
the “VEGAS mql4 files” are in the directory “Super Scalper MQL4 Code Files”
… all are located in my shared file folder at box.com and I absolutely guarantee
they are virus free and available to download for FREE … no gimmicks here.
I use LIME / RED for up / down slope respectively in the VIDYA 4, 2, CLOSE LINE,
and I use AQUA / WHITE for up / down slope respectively in the VIDYA 9, 3,
CLOSE LINE … of course, you can choose whatever colors and style of width
you desire, just make sure the input parameters are the same.
Directly below a screenshot from Friday, July 21, 2023 of the NDX100 with the
full “Super Scalper Algorithm” up on the candlestick m1 chart.
As I said before, I have both RM=1 and RM=2 on the chart of the NDX100, and I’ve
placed a yellow vertical line where the UFT is crossing over … this in and of itself
is NOT THE BUY SIGNAL … the buy signal comes when both the VIDYA 9 IS AQUA
AND THE VIDYA 4 IS LIME … that will happen either simultaneously with the UFT
crossover, or within 1 or 2 m1’s later … you have to wait for the colors to be what
they are supposed to be, otherwise in a strong market lower you will get caught in
an “M1 HIT WONDER”, where the bank sucks you in and then continues to bomb
price lower.
For the entirety of FX, which obviously includes USDJPY, there is the “FX”
support / resistance mql4 code file … so, if you’d rather trade GBPJPY, Cable,
USDCAD, or something like EURJPY, directly below is EURJPY with the FX algo
on the screen from Friday, July 21, 2023.
Here, I’m looking at EURJPY from the short side … again, 2 RM’s up on the m1
… the yellow lines lining up with UFT LIME CROSS UNDER RED, but the sell
signal doesn’t occur until RED CROSSES UNDER WHITE … again, this is an
important distinction cuz you don’t want to get caught in a one hit m1 wonder
and have the market continue to go up … also, and this goes for the NDX100
example as well, keep in perspective the slopes of the support / resistance lines
when making a buy/sell scalp trade decision … NONE OF THE FX, GOLD, CRUDE
OIL markets have the “88/6/6” trading paradigm enjoyed by the “Stock Bellies”
complex … sharp slopes up / down and you’re going AGAINST THE GRAIN for a
scalp trade, you either have to make sure the trade is indeed a scalp or leave it
alone … sharp turns in slope are rare, but they happen most often in the
“Stock Bellies”, especially right at the European close [a/k/a “London Fix”],
where price suddenly finds a bid or offers and reverses into the afternoon and
close, thus screwing the European traders looking to close the day out.
The more volatile the market, the better the “Super Scalper Trading Algorithm”
should perform … with Bitcoin, I still prefer to use the m3 at IQCENT in
conjunction with the m1 on the MT4, and use breakouts of the formations I’ve
mentioned before, rather than solely rely on the m1 … for any other markets I
use only the m1.
Directly below, this week’s 20 Day Range MA’s for selected markets.
Onto the week with the Lounge Lizards meeting on Wednesday at one of Hitler’s
super secret bunker locations, to dazzle us with another interest rate increase
… might be a slow Monday and/or Tuesday, we’ll have to wait and see … 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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