“NO”, if the trading conditions are right … and quite frankly IMHO, IQCENT offers
the very best EURUSD trading conditions you’re ever going to find! … PERIOD!
… yesterday was a good trading day for EURUSD … whether you wanted to be
long or short, there were ample opportunities throughout the trading day post
CPI … cuz here’s the deal … MARGINABLE LEVERAGE IS AT 500:1 … bid / offer
spread from about 8 PM EST / 9 PM EST - London fix [NOON EST] is usually 0.2
PIPS but could be 0.3 PIPS … NO COMMISSIONS … find me anyplace better?
… that’s 15 - 16 hours [maybe more] of the LOWEST TOTAL COST TO TRADE
ANYTHING ON THE PLANET … Fusion Markets offers EURUSD with ZERO
SPREAD [maybe 0.1 PIPS], but their round turn [RT] commission is $4.50 per
1 lot, and that’s 0.45 PIPS … IQCENT IS AT 0.2 or maybe 0.3 … so unless some
house pays you to trade EURUSD, and I don’t know of such an animal, how do
you beat this? … well, you don’t.
Granted, trading EURUSD ain’t “sexy”, and there are plenty of markets that
move faster, harder, and can make or lose you a bundle, but in a money making
environment looking solely at profit ain’t the optimal way to do biz … your
number one priority always has to be minimizing risk and not doing “stupid shit”,
and quite frankly the majority of the world can’t bring themselves to be
disciplined and show patience to save their sorry ass lives … from my years pit
trading back-in-the-day, even those dumber than a bag of carrots and considered
“1 lot pond scum” could make 6 digits trading and scalping 1 lots in the FX
futures … when I traded Swiss Franc, 1 PIP on a 1 lot = $12.50, and I paid clearing
fees of $0.89 with scratch trades free … in my wildest dreams I could never
imagine then what we see today … being able to trade EURUSD with a total
cost of 0.2 or 0.3 PIPS? … GTFO! … and yet, here we are … of course, you got
to have a trading model that works to perfection, and you have to have a
“scalpers mentality”, which can be summed up with one phrase … “take the
money and run!”
IQCENT doesn’t utilize the MT4 platform … they’ve got their own proprietary
platform that uses Trading View for charts … directly below, EURUSD from
Fusion Markets from yesterday, once the CPI report was released at 15:30
server time … the bid price is the closest to IQCENT EURUSD … the V3 Super
Scalper Trading Algorithm is on the m1 chart, and volatility levels RM=1, RM=2,
& RM=3 are up and running … please study the chart and read the commentary.
Even when EURUSD is slow and it appears nothing is going on, there are 5 - 10
PIP moves all over the place … I fall into this trap quite often, and I got to slap
myself back to reality and realize that pit trading from back-in-the-day quite often
appeared the same … of course it wasn’t, and I commented the other day how
you can take ANY MARKET and increase VIX via LEVERAGE, and with enough
rope at 500:1, you can be the next guy to try and walk on water!
But I want to strongly reiterate, that with the RM volatility levels [any of ‘em],
SLOPE IS THE KEY TO HOW YOU HANDLE LONG ENTRY INTO A POSITION … a
negative slope and I need to see some kind of failed double bottom, and with a
positive slope on corrective activity, I just need to get the UFT crossover to get
long … and the reason this is so important IMHO, is that when markets move
down many times you get the 1 or 2 “one hit m1 wonders” that make you think a
turnaround is imminent when it’s not, and they take away that little bounce in
brutal fashion while going lower still … you end up being somebody else’s
“buy fuel” [i.e. the scumbag bank LP] … now, Miss Gimpy & “The Mrs.” argue,
that with EURUSD having a 0.2 or 0.3 total cost to trade, that first bounce can be
traded successfully for a scalp … and maybe for EURUSD ONLY this might be
the case … get caught in a 1 m1 rally that goes tapioca “el mucho quicko” and
you might change your mind!
Turning to today’s “Slots-A-Rama” inside the world’s most corrupt casino, Into
this early AM in “Biden’s Gulag” [a/k/a New York], and you can sum up
everything overnight with the following … little appetite for anything, very tight
ranges, and everything today will revolve around U.S. PPI at 8:30 AM EST, what
“Stock Bellies” do, especially the NDX100, and what level of yield will the 10 YR
do throughout the day … up & until then, ain’t nothin’ gonna happen.
Whoops! … that escalated quickly didn’t it? … a miss to the upside, which
nobody was looking for … as analysts would say, “unexpectedly”! … well, that
puts an early damper on “risk on” … down goes Frazier … oil says, “meh, who
cares?” … 10 YR immediately goes to 4.12%+, and the darling tech “Stonks”
look vulnerable again … fasten seat belts … and the whole trading world holds
their collective breath and waits for “Stock Bellies” to open to see how bad the
damage is gonna be for the tech darlings and the NDX100 … some bullshit
casino isn’t it? … the Banana Republic is in the very best of hands
… Bwahahahaha!
Remember what I said about determining the “true bid/offer spread” at any
house … watch it for 5 minutes and keep track of the HIGHEST spread inside
that 5 minutes … “that will be your fill whether buying / selling, cuz they’re
playing fucking games trying to mask the true spread with something
completely bogus … and who’s the “KING” of true bogus? … well, it used to be
Turnkey, but since the merger with Coinexx, it’s now Coinexx … EURUSD today
playing the variable spread bullshit game with a 0.2 - 0.6 bid/offer spread, and it’s
been like this for hours, not just during the PPi report … so your fill is gonna be
0.6 PIPS … add slippage of 0.2 PIPS to that … add round turn [RT] commission
to that of 0.2 PIPS … whaddaya get? … you get a bullshit “total cost of trading”
= 1.0 PIP … so, Coinexx ain’t no “deal” when it comes to scalping their supposed
best & tightest FX pair … on the contrary, it’s a rip off and they know it … they’re
just hoping you don’t notice … meanwhile, over at IQCENT, I pay 0.2, maybe 0.3
TOTAL COST, got no slippage I can see, and how do you beat that? … and what
this means for the PAMM, is that EURUSD ain’t gonna work, so it’s out as a
“Plan B” if oil goes “sleepytime”, which for the most part it has … I’m still not
sure yet if USDCNH is gonna work at Coinexx cuz of their spread structure and
how it can change “el quicko mucho” … am going to go with either the NDX100
or DOW30 for scalping algorithm signals if oil isn’t playing … and from the looks
of oil, it doesn’t want to play … “Stock Bellies” getting jerked around like penny
stocks on steroids in Vancouver … seriously wicked shit, especially in the
NDX100 … alternatively, although I can’t do it for the PAMM cuz Coinexx doesn’t
have “Stonks” CFD’s, a good alternative solution is some of the individual tech
darlings … those “vegas mql4 code” will be available on Sunday’s blog update
… more details on Sunday, natch.
A very wicked day for markets, in terms of speed of UP/DOWN … trading like
penny gold stocks on steroids … only one algorithm buy signal for the PAMM
and that was in NDX100 … PAMM UP SLIGHTLY … USDCNH & oil with very
subpar ranges and trading action, and EURUSD ain’t gonna work cuz of the
bullshit logistics of the trade I laid out earlier at Coinexx … come Monday if I
trade “Stock Bellies”, most likely it’ll be the DOW30 … just a boring day in
USDCNH, whaddaya gonna do? … over at IQCENT, “The Syndicate” with some
EURUSD TRADES AND WE’RE UP APPROXIMATELY 0.3% … the best scalping
at the lowest cost to trade of anything … what’s not to like? … blog update on
Sunday … until then!
… 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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