There are only 2 other markets that can compete against Ethereum [ETHUSDT]
@ IQCENT FOR BEST SCALPING / TRADING MARKET in existence … 1) EURUSD,
& 2) Bitcoin [BTCUSDT], both traded @ IQCENT as well … most trading days
see ETH hitting “the sweet spot” over & above both EURUSD & BTC, and being
more consistent in its daily & NY session ranges … liquidity for all 3 are strong,
and while BTC enjoys 1 penny spread as well as ETH, the LP @ IQCENT makes
a better market in ETH than they do for BTC … just cuz BTC goes up/down a
couple of bucks at either Phemex or Coinexx, doesn’t mean or equate to the
same corresponding price move @ IQCENT, where it’s gonna take a move more
than that to get BTC to move … and for that reason, BTC isn’t quite as strong a
scalping market as ETH, it’s better as a day trading market … in addition,
“Trend VIX” is usually weaker in BTC, so ETH enjoys more trading opportunities,
whether you trade it long or short … EURUSD has its advantages, with crazy low
margins and the LOWEST COST TO TRADE OF ANY PAIR OUT THERE
EXCLDUING CRYPTO, but it lacks VIX on far too many days and NY sessions
… yea, when VIX is present and EURUSD is moving somewhere, it’s definitely
worth trading @ IQCENT … other houses not so much cuz the LP’s do
everything in their power to erode scalp gains, mostly via “variable spread
games” and slippage … you just aren’t gonna get the fills you want at the
price you think you should get … that’s how they defeat you! … those problems
don’t exist at IQCENT!
I commented yesterday, that you have to know the “basis” when trading ETH
… meaning, look at the cash ETHUSDT market at Coinexx for an LP based
market price, or large crypto houses like Phemex [or Binance] versus the
ETHUSDT price at IQCENT … they will never be exactly the same cuz they are
different platforms across different exchanges as their main market … each has
its own dynamics and spec order flow, with “arbs” keeping the markets close
to each other … the link to the Phemex ETHUSDT directly below.
https://phemex.com/trade/ETHUSDT
And cuz of this phenomena, price can get “out of line” for a second or two
where you can take advantage … I’ve literally done this many, many times … cuz
while the spec Dopes trading at Phemex get a 1 penny bid/offer spread, they
also pay 0.12% of the notional they trade as a round turn [RT] commission … at
current price of about $1640, that comes to roughly $1.97 … in other words, it
costs them about $2 per 1 lot to trade … at IQCENT, we got the 1 penny spread
and nothing else! … and that means I can scalp ETH for 50 cents, $1, maybe
$1.50 and “ring the register” all day long, while Phemex traders can keep praying
it can go $2 so they can break even … ditto with BTC as well … and with on
average a 420 PIP range in the New York trading day, what the Hell do you want
as a trader looking for scalp opportunities WITHOUT THE HIGH COST OF
TRADING THAT PARTICULAR MARKET? … ONE OF MY MAIN FRUSTRATIONS
AS A TRADER, in this era of central bank manipulation and the crushing of VIX,
is the total & absolute INCONSISTENCY of mainstream markets to keep VIX
levels steady … nowhere is this more evident than in crude oil, dollar FX pairs,
and gold … e.g., one day in EURUSD it moves and has a NY session range of
100+ PIPS, and then it’s followed by multiple days in a row of total bullshit,
where you’re lucky to see a 30 PIP range, and trading action is D.E.A.D.!
There’s no question that crypto pairs have lost that bullish shine they enjoyed
when people FOMO’d the shit out of BTC & ETH a few years ago … those ranges
and trading action most likely gone forever … and while that is surely a negative,
the positive side of things is that we have the ability to trade BTC, ETH, DOGE, &
XRP with the LOWEST COST TO TRADE ANYWHERE @ IQCENT … OK, we have
a new paradigm in crypto, one where trading action is more confined and stable
around lower levels of VIX, but with a 1 penny bid/offer spread and no
commissions, all you need is ANY MOVEMENT AND YOU’RE UP MONEY … quite
frankly, I don’t know why others trade at crypto houses with high “gas fees”
[commissions] and then expect to make money … there’s no way you can scalp
ETH [or BTC] at Phemex and expect to consistently book profits … sure, you
can day trade ‘em, but why would you shovel money to arbs & the house when
you can put it in your pocket? … and I’m not talkin’ small amounts of dinero
either … over the course of a year it’s multiple thousands of dollars!
Today of course, is FED Lounge Lizard day … and that means the entire day up
to 2 PM EST in FX is a pitiful joke … held hostage by politics, central bank
Apparatchiks, and the nature of the FX paradigm where scumbag banks control
everything, the trade this week so far a complete joke … who the fuck wants to
hold a position in EURUSD for multiple minutes, maybe longer, just to scratch
out 1 PIP on a scalp? … screw that, it makes no sense! … maybe gold moves, but
lately it sure hasn’t … I do think my theory where the FED is crushing gold VIX to
cheapen their short calls is valid, cuz price declines ain’t gonna be happening to
the tune the FED needs to get out, and the only other option [no pun intended] is
to bleed volatility out of call premiums and therefore prices of the short strikes
… what the Hell else is there to bail them out?
One of the “norms” of successful crypto trading, especially the “Big Two”, which
are BTC & ETH, is the following “Golden Rule” … “Before “Whales” take price
HIGHER, first they have to convince the collective spec trading community it’s
going LOWER, and before they take price LOWER, first they have to convince
the collective spec trading community it’s going HIGHER” … it’s how very large
traders insure they get the best price for the size of trades they do, by fading
spec buy/sell orders WITHOUT MOVING PRICE THAT WOULD ORDINARILY
HURT THEM … make no mistake, “Whales” in crypto learned from the feet of
the FX masters in how to successfully manipulate a market … the difference is
government manipulators DESTROY VIX, while “Whales” INCREASE VIX cuz
they’re interested in profit … government Apparatchiks don’t even know what
“profit” is! … and we see this every single frickin’ day! … just look at the
trading difference between EURUSD and ETHUSDT and the way each trades
… are you fucking kiddin’ me?
To be sure, both the slimeball rats that make up the LBMA in spot gold, as well
as the scumbag bank LP’s that run FX, use the crypto “Golden Rule” as well to
defeat and rape specs all the time … that’s why you have to be wary of
buying / selling breakouts on traditional trendlines, especially if there’s a large
spike to create the breach … you somehow think the manipulators don’t or
can’t see the m1 charts? … they’re looking for stops to fade.
Yes, sometimes there is news that affects ETH, but it’s gotten to the point
where it’s “few and far between” events … the risk of news that obliterates your
position in FX [long or short] happens far more frequently, and that’s not even
considering all of the political bullshit that goes on with pairs like USDJPY or
EURUSD … for all intents & purposes, ETHUSDT is almost 100% spec based
… there are no scumbag banks … there are no central banksta criminals … there
are “Whales”, but they create volatility which is beneficial … and the one thing
you can absolutely count on with 100% certainty, is that the “Chuckleheads”,
Mrs. Watanabe & Gal Pals, and Newbies that come in by the migrant busload,
will absolutely FOMO & panic and end up buying tops and selling bottoms,
day in day out as long as humans are around to trade, and will fund the 10%
of those who are profitable … and therefore, these human psychological traits
in the collective are INVIOLATE! … and that means, from the long side of the
equation cuz that’s where I trade crypto pairs from, you have to buy before the
spec collective sees the rally, and then seconds later when they see it and panic
bid it higher, you give it back to ‘em and say, “thank you, come again!”
… rinse / repeat and let’s make another 50 - 100 trades today under the EXACT
SAME SET OF CIRCUMSTANCES! … and again, I’ll repeat … “why the Hell do
you think people paid hundreds of thousands of dollars to stand on a trading
floor and in a “pit”, and commuted into shitholes like Murder, Illinois
[a/k/a Chicago] on a daily basis? … cuz they liked shithole third world cities?
… of course, IT WAS TO DO EXACTLY THIS, WHERE THE COSTS TO TRADE
WERE THE BEST IN THE WORLD, AND EVEN THE LOWLIEST 1 LOT POND
SCUM TRADER COULD MAKE 6 DIGITS WITH HIS/HER EYES CLOSED … and
now it’s even better AND CHEAPER! … somebody pinch me or wake me
the fuck up, cuz what’s not to like here!? … cuz right in front of your nose is
the greatest CONSISTENT MONEY MAKER the world has ever seen, with ease
of entry so ridiculously easy a retarded kitten on meth could do it … and yet,
you still got shiploads of people who think $7 / hour for their labor is the only
way … I’ll never understand this in a million years!
And the “dirty little secret” is, anybody can start with ANY AMOUNT of money
and build it from there … IQCENT has a minimum deposit of $20, and people can
trade ETHUSDT starting at 0.10 lots … don’t sit there and tell me what a fuckup
you are and can’t afford $20 to get going [or more, whatever] … that’s a lie and
you know it … quite frankly, other than traveling to your house and dragging your
ass off the couch and making the trades for you, WTF do you want from me?
… I’m about the only professional trader you’re ever gonna meet who is willing
to help you, get you started, and give you the trading algorithm to boot
… FOR FREE! … everything you need is here on the website.
I do think, that ETHUSDT scalpers can use the same algorithm for scalping as
EURUSD … i.e., VIDYA CMO 1.1 with parameter settings at 7, 2, median price
… color AQUA FOR UPTREND, COLOR WHITE FOR DOWNTREND, and at the
bottom a simple stochastic with default MT4 settings of %K = 5, %D = 3,
SLOWING = 3, PRICE FIELD = LOW/HIGH, MA METHOD = SIMPLE,
FIXED MIN = 0, FIXED MAX = 100 … IN “LEVELS”, YELLOW LINES AT 80 &
90 / 10 & 20 … directly below from earlier today, a screenshot of the MT4 m1
from Coinexx of ETHUSDT.
I concentrate my long scalps 1) when the stochastic is down at the 10 - 20 level
or very close to it, and look for a turnaround, and 2) when VIDYA then turns AQUA
FROM WHITE … I’ll look for small dips in price on the IQCENT PLATFORM and
buy … if for some reason I don’t like the price fill, I’ll immediately get out … when
price spikes up, I’ll sell … sometimes this happens in literal seconds, or it may
take a minute … and if it refuses to cooperate, I exit the trade … with a 1 penny
spread and no commissions, what’s the penalty? … and as you can see just
from this roughly 2 ½ hour period, there are at least 8 scalp opportunities where
the price moved higher … I mentioned before in prior blog posts about “basis”
… i.e., the difference between Coinexx ETH and IQCENT ETH … generally, this
“basis” fluctuates between +$1 HIGHER to -$1 LOWER of the price at IQCENT
relative to the Coinexx LP, who is simply arbing and making a market with a
guaranteed fix for the LP [nice work if you can find it!] … that doesn’t mean it
can’t go higher or lower than that, cuz when SHTF in crypto, all rules go out
the F-ing door “el quicko mucho”! … but for my money, if I’m looking to buy,
no way am I buying that premium and then get disappointed as it comes in and
costs me … in other words, “do your homework!”
And while EURUSD can see “gap pricing” almost anytime, ETHUSDT @ IQCENT
IMHO enjoys smoother trading when both markets are moving … ETHUSDT is a
24/7/365 market that never closes, while EURUSD is very much a session affair,
where currently the latter part of the trading day from 12:00 - 24:00 sees most of
the activity … boil it all down to “dollars & cents” and it becomes mighty tough to
argue with ETH as a scalping market, ESPECIALLY WITH A 1 PENNY SPREAD
… seriously, get real … there just isn’t anything better on a consistent day-in
day-out basis! … and IMHO, ETHUSDT @ IQCENT is approximately 1.2X - 1.3X
MORE VOLATILE than the Coinexx ETHUSDT … A LITTLE BIT MORE ON
RALLIES AND A LITTLE BIT MORE ON BREAKS … the “basis” trade if you will!
… if you find a better market, please let me know, cuz I don’t see it anywhere
… ETHUSDT throws off as many, if not more, scalps as EURUSD ever thought
of having on a good day!
The betting money is on the FED Lounge Lizards doing nothing today … in
other words, “pausing” … the suspense is in the “dot plot” going forward into
November & December and where they project rates to go … “higher for
longer”? … we’ll see, but markets aren’t buying what the Lounge Lizards are
selling, and that can make for some “bumpy” trading going forward, especially
for EURUSD, where DEPRESSION for the E.U. looks like a slam dunk certainty
… but, we’ll see, and we’ll see how this plays out in gold.
Well, that escalated quickly didn’t it? … no, not the FED … somebody panicked
in gold, and off we go to the upside … seems somebody is convinced the FED
“dot plot” will show dovishness, or they’re just too short with no place to go cuz
gold ain’t going down … in any event, please!, more days like this with a razor
thin spread of 5 - 7 dents per OZ.!
No trades today for the PAMM in gold, as we await the FED at the end of the day
… we’ll see what tomorrow brings … I don’t see how it can be any worse than
what we’ve seen these last weeks in gold, with exceptionally tiny ranges,
diminished VIX, and lackluster trading action … but we’ll see … over at IQCENT,
a supertanker shipload of ETHUSDT trades today on light volumes, and
“The Syndicate” is UP APPROXIMATELY 0.4% … 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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