The name of the game is “Churn & Burn” … grow the financial bubble via money
printing for the Elites, and at the same time make trading finance so accessible
to everyone, that literally anybody with a $20 bill in their pocket can participate,
and allow circus casino type derivatives to proliferate like weeds in a garden,
and propagandize insane profits to the masses so that even Grandma wants a
piece of the action … well there yea go, modern day finance in a nutshell!
And no worries, it ain’t goin’ away anytime soon, cuz if it did what would
millions of people do?, and what would the virus scum of Wall Street do
without the means to separate people from their money, all the while making
them think it was a “random walk”, or “DUH!, market conditions, DUH!, or
“no pain no gain”, or some other propaganda piece put out by Apparatchik
central bankers … and while most of you reading this think this is a fairly new
phenomena, maybe since the great ‘08 financial crisis, I’m here to tell you the
only thing that kept this in check since the end of WWII, was the lack of
technology, and that ain’t a problem any longer! … and so everybody and their
pet monkey comes through the “wannabe door” thinking it must be about
“brains and deep thoughts”, and since you’re a smart guy/gal/whatever, you’re
thinking how hard can this trading business be? … but the problem is for you,
“that’s exactly what they want you to think!” … why do you think they let you
play in the first place?
And I learned a very long time ago, perhaps before many of you reading this
were born, that brains & those “edumacation” degrees you value, ARE
WORTHLESS when it comes to trading … NEWS FLASH: “the Elites won’t let
you win on brains or degrees … quite frankly, trading is “Animal Farm”, and
yes, some animals are more equal than others … they will lead you to believe
in many things that are either irrelevant or damaging to your bottom line, with
the focus always being on “banks winning, you losing” … why? … cuz as I have
explained here on the blog many times, what POLS, Apparatchiks, & regulators
want is “skim” from looting the customers … and when banks win via their
offshore ILLEGAL prop accounts, a significant portion of that looted customer
money goes to the aforementioned scumbags … “would you like cash in a
suitcase or some Bitcoin in your e-wallet?” … awwwww, c;mon you say, this
can’t be can it? … well to the doubters, just look at the civil and criminal cases
in recent years of collusion in pricing markets, gold rigging [JPM], FX
“Scumbaggery & Fuckery”, and crude oil manipulation … it’s all there … go
ahead and read it and open your fucking eyes and brain, cuz it ain’t isolated and
it hasn’t, nor will it, ever stop! … the junior traders get sacrificed, fired or sent
to prison, while management says with a straight face, “gosh, we had no idea!”
… and what it really means is that somebody in the food chain, rightly or
wrongly, thought they were getting fucked in their cut of the “Skim”, and
therefore the bank is gonna pay the Piper!
And life goes on … nothing changes nor will it … and so the question becomes,
what’s your role in carving out a CONSISTENT living from trading?, and how can
you escape the clutches of the scumbags running it … and the EASY PEEZEE
answer is … “make them work for you, not against you!" … and you don’t do that
via positioning medium to longer term trades, you do it via scalping … don’t
believe me? … obviously, you have never been on a trading floor, where truth
be told, 90%+ of the Locals were dumber than a box of moon rocks … you talk to
them for like 5 minutes, and what goes through your head is, “how the fuck is
this Moron been able to accumulate wealth from trading and be this stupid?"
… and you look around, and almost the entire pit is like this … and they are the
most successful traders? … WTF! … and it dawns on you pretty fast, watching
the lawyers, doctors, & successful businessmen go tapioca “el quicko mucho”,
all the while the “Dopes” are raking in the profits, that maybe just maybe things
aren’t the way they seem or were presented to me by the outside world especially
B-School … and the conclusion you ultimately come to is simple … B-School
isn’t to educate you, B-School is to turn you into a “worker bee” for a
corporation … and who is it that funds and recruits at that doctrination center
known as a university? … why the firms that hire the newly trained “worker
bees”!
Fuck that! … I ain’t nobody’s “worker bee”! … and it’s a “Come to Jesus moment”
in your life to accept this, or become the worker bee you say you don’t wanna be
… trading is a LEARNED PROCESS … successful scalping, WHEN GIVEN THE
PROPER & RIGHT CONDITIONS FOR SUCCESS IS A LEARNED PROCESS … and
while I’ve known some of the dumbest people walking from my pit days, none of
you reading this can possibly be as bad as them … NONE! … and what it boils
down to is simple … find your own way [good luck!], or adopt what works and
make good CONSISTENT coin … 2 CHOICES BEFORE YOU, MAKE ONE!
Trading is a very large pie … there’s room for everyone, especially in FX … the
vast majority of brokerage houses are ANTI SCALPING … not that they will tell
you this, just that they make conditions wholly unacceptable to a scalper for
his/her success … you think they care if you lose money? … in other words, the
only scalp on the floor from trading is gonna be yours! … fat spreads,
commissions, and of course slippage on fills … all of this robs you of income,
and yet people line up to trade, just like the slot machines in Las Vegas are
always busy.
We live in a world today where “making it” is becoming near impossible for
most people … this isn’t by accident … “you’ll eat insects instead of meat, you
won’t own anything, and your entire existence is based on government help"
… for far too many, this is just fine … but remember, what they give they can
take away at any moment! … trading offshore, depositing & withdrawing in
crypto, and being wholly anonymous to government while you pursue your
lifestyle, should be your dream and goal … all I can say is, “MAKE IT SO!”
… outside of coming to your house and making the trades for you, whaddaya
want me to do?
Turning to today’s “Slots-A-Rama” inside the world’s most corrupt casino, it’s
the day before the most important jobs number EVAHHHHH! [until of course the
next one] … rates are down a little under 10 bps on the 10 YR Treasury over the
last 2 days and yet gold can’t sustain any rally whatsoever … hugging the 1820
level ± a few dollars per OZ., and unless the math whiz kids tell the truth about
the economy [good luck], and instead pump shit higher for Pedo Joe, gold has
farther to go lower in the very near term … as I said yesterday, wherever gold
finds its bottom, it’s gonna need to test it and consolidate for at least a few days
before there’s any hope of a decent climb back higher … it all depends on rates,
and we’re gonna need to see much softer data than what’s been given lately
… but don’t worry, when all of the selling is finished and the bullion banks have
absorbed a shitload of gold, they’ll make the call to the appropriate Apparatchik,
and watch how fast it goes up, where they can then sell it back to you at a
higher price than you sold it to them … buy high, sell low … tough to make a
living doing that!
I want to focus attention today on GOLD [XAUUSD] & EURUSD as scalper
trading markets … if you had the ability to trade gold with a 2 penny per OZ.
bid/offer spread, no commissions, and virtually no slippage on fills, and given
a New York session range [about 7 hours] of at least $13 - $15+, do you think
you could make consistent money? … OF COURSE! … well, that’s the
equivalent of EURUSD TRADING AT IQCENT … forget equalling the trading
floor … this beats the Hell outta it! … gold & silver can be traded at Coinexx
[nothing else, trust me], and EURUSD ALONG WITH CRYPTO PAIRS @ IQCENT
… FOR CRYPTO TRADING FANS, ABSOLUTELY NOTHING BEATS IQCENT FOR
TRADING CONDITIONS … I’VE DONE THE RESEARCH, DON’T BOTHER WITH
OTHER HOUSES!
But today, I’m sticking with the 2 traditional markets that most people will be
comfortable trading … EURUSD for pure scalpers, and XAUUSD FOR THOSE A
LITTLE MORE ADVENTUROUS in terms of reward / risk … although the spread
in gold has climbed a few pennies recently over the last couple of days, at 10
cents it’s right at the futures level where a minimum tick = $0.10 … as I’ve stated
before, what makes EURUSD trading @ IQCENT more compelling, even over
crypto, is the marginable leverage they employ for accounting purposes … at
500:1 leverage, you can have all you want from this market, and your trade
sizes can easily match whatever your trade goals are for making money
… whaddaya want to make per PIP? … $5, $10, $50+? … whatever you want,
this market can handle it!
Both markets to one degree or another have become beholden to rate levels in
the U.S. … to track rates [e.g., the 2 YR Treasury or 10 YR. Treasury] if you
currently are not, simply go to Trading View [TV], open a free account, and
choose the U.S. 10 YR Treasury Note … Easy Peezee! … and you’ll see that both
gold and EURUSD follow almost tick-for-tick the YIELD move in rates on the
10YR WHERE YIELDS GO UP, EURUSD & GOLD GO DOWN … YIELDS GO DOWN,
EURUSD & GOLD GO UP … some days more than others obviously, but you
have to keep an eye on this market cuz it influences HEAVILY what either market
moves in the short term … and if you’re scalping either of these two, it’s
imperative you know what rates are doing at the moment!
I’ve mentioned before, don’t trade during U.S. economic reports no matter how
irrelevant they may seem on the surface … the chances for cataclysmic moves
are high, and you get on the wrong side of any of these, and you’ll wish you
stayed in bed for the day … as I write, yields just popped on soft data that came
out at 8:30 AM EST … the 10 YR TREASURY YIELD TV chart directly below.
And of course, both EURUSD & GOLD go tapioca … not to hard to figure here
when you know what the deal is with rates … how many times do I have to say
this … “we’re ALL interest rate traders now!”, whether you like it or not!
Yes, there are “ins & outs” of both markets that you have to become familiar with
in order to be successful … for EURUSD @ IQCENT, its learning the “basis trade”
of IQCENT EURUSD versus either Coinexx or some other house that has a ZERO
SPREAD … I’ve written about this before, as it usually goes ± 1 PIP from other
houses on spikes … this is how IQCENT makes its money … it’s a “trader tax”
for being ignorant of what’s going on in the market … buy on an UP spike or sell
on a DOWN spike, and you’re gonna pay the tax to one degree or another … for
a good trader, this is great … to a lousy trader this ain’t so great.
Once you understand the scalping “process” and how it’s done, it’s like shooting
fish in a barrel … getting to that process ain’t easy for most people, cuz it takes a
radical rearrangement of thought to get the right orientation … but once you have
it, there exists a “positive feedback loop” that makes you want to do it over &
over again … this isn’t bragging, being pompous, or thumping the chest … this
is real life trading when you understand the process … sure, for those who don’t
“get it”, it all seems a mystery of “how’d you do that!?” … it ain’t a mystery.
Quite frankly, scalpers especially don’t care where any of this derivative shit goes
… up / down, who cares … what matters is that it goes, cuz when it does it sets off
a chain of human psychological events that are inviolate to the human condition,
namely fear & greed, that have been around since we pulled ourselves up from
tadpoles! … it’s what drives things … and when nothing moves, those conditions
are absent, and life becomes very difficult for the average trader … my advice
… “don’t be average, be exceptional!” … and you can easily do it with practice on
a real account with very small volume settings … for gold do 1 OZ, and for
EURUSD do 1,000 notional … nobody cares if you make or lose 25 cents … the
point is to “make profitable trades” given what I have set forth … when you can
do that, up your volumes until you reach your comfort level … now, you’re
a TRADER!
Going forward on the blog, I’m gonna spend a lot of time highlighting the
“ins & outs” of scalping, mostly using either gold or EURUSD on the MT4 for
reference … quite frankly, you should rearrange your thought processes and
figure out that scalping is nothing more than “quasi binary options” in disguise
with a few twists, with a lot more advantages than binary options gives you.
Again today, it’s all about rates and following almost tick-for-tick with the 10 YR.
… gold down 11 out of the last 12 trading days, and EURUSD attempting to stay
above a key technical level of 1.04830 … on days where it’s a tick-for-tick deal
with yields, I want to be making appropriate algorithm long trades in EURUSD
when yield is heading lower, and when heading higher I stay on the sidelines
… inside of that parameter, the stochastic on the m1 will be down near or below
the 10 & 20 yellow lines [oversold], OR we get a crossover higher … but I won’t
be doing any long trades when the stochastic is up near or above the 80 & 90
overbought zone … there, I solved it for you … you’re welcome! [just do this and
you’ll make a fortune!] … bottom line is this … ignore rates, and don’t be
surprised when your account goes toes up.
Directly below, if you simply look at the bottom stochastic, first on top is the
TV 10 YR. yield on the m3, and below that the MT4 m1 of EURUSD
… concentrate on the stochastic oscillator … they are inversely correlated,
where rates stochastic on the high at or above 80 should correlate with
EURUSD down below 20 & 10.
No trades for the PAMM today in gold as Coinexx the entire day has had MT4
problems, the longest outage lasting over an hour … who the Hell needs that?
… over at IQCENT multiple EURUSD trades and “The Syndicate” is up
approximately 0.4% on light volumes in a very tight pre NFP report range
… 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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