Yes I know, the crypto haters will roll their eyes and talk about what a scam all
crypto is … except it’s here to stay, deal with it … it’s tradeable, and I don’t give
a fuck what anybody thinks cuz I’m here to make money … I’ve said before, I’ll
trade soiled underwear futures if the conditions are right, who gives a shit? … it’s
all numbers on a screen anyway, and the point is to find markets that 1) move,
2) have EXCELLENT LOW BID/OFFER SPREADS, and 3) hopefully have no
commissions. Well, we got that @ IQCENT and in XRPUSDT … it trades to the
fourth decimal place, like all crypto these days leverage is 10:1, the bid/offer
spread is 1 tick at the 4th decimal place, and there are no commissions … and
so as not to be redundant, the house makes its money on crypto pairs just like
they do in EURUSD … most of yesterday, the “Trading Ratio” [TR] = between 9
and 10, which is outstanding … the m1 period 60 H/L range average about 10
ticks, and it’s got a 1 tick spread … yesterday’s range about 537 ticks, and the
20 Day Range MA currently = 228 ticks, so it was well above average for range.
And the reason I like XRP for scalping, aside from the obvious trading condition
parameters, is the fact it’s not political like gold, EURUSD, or crude oil … now
that the SEC has lost its lawsuit against XRP, there’s nothing to stand in its way
for free trading without conditions hanging over its head, and it trades all 3 world
sessions and never closes … no worries about fairy tale whiz kid reports, or what
some Moron at the FED says … it will generally follow Bitcoin and have some
kind of positive correlation to what Bitcoin is doing, but it’s not a tick-for-tick
kind of situation … be careful of generalized correlations, they can bite you in
the ass! … XRP has its own merits and its own crowd of traders … scalping is
terrific, and trends can last longer than Bitcoin … priced under $1, around 55
cents, and traded at IQCENT at the 4th decimal place, some houses use 5
decimal pricing, which is like fractions of a PIP in FX … only matters when the
market is dead, cuz if it’s moving [like today], who cares about the 5th decimal?
… what I care about is the 1 tick spread and no commissions with decent
movement up/down … there’s your opportunity! … and for small accounts, it
makes a lot more sense than trading Bitcoin … doesn’t matter what places like
PHEMEX and/or Binance offer, cuz the “gas fees” to trade it will be in the
neighborhood of 5 - 6 ticks regardless of what bid/offer spread they have.
Coinexx, on their MT4 platform has Ripple listed, but you can’t trade it … you can
chart it, but can’t trade it, which shows how fucked up and moronic their crypto
LPs are … which is OK by me, cuz I wouldn’t pay the extra to trade it there
anyway, nor put up with bullshit slippage, which is a mainstay of anything traded
at “Slippage FX”.
I strongly urge those of you who trade crypto, or want to trade crypto, to pay
special attention to the HULL MA COLOR line, period 40, for short term trends
you want to exploit … and while “fading” this indicator when the VIDYA GOES
“SLOPE UP” [Plum] can / will work most of the time for a scalp, you better be
ready to be “Hoover Dam” quick on your scalps before the trend resumes
“el quicko mucho” … and that means inviting the spikes from Hell … not saying
you can’t get them when you’re trading with the HULL MA COLOR, cuz trends
change, just that the probability of you getting hit on a trend change is a lot
lower than fading the HULL and praying for a bounce.
Turning to today’s “Slots-A-Rama”, gold acting like it could care less about
anything … range very tight overnight and trading action, to be kind, is lethargic
so far … ECB meets tomorrow for an interest rate decision, so FX most likely
will be dead … meanwhile, the world retreads the tired and worn out which never
ever works “peace process through negotiations” with terrorists … outside of
some nutjob attacks in Europe, most notably the Serbian Assclown who is
credited with starting WWI, and various other cases sprinkled around the globe,
when did “terrorism” pop up and really get going? … why yes, in 1979, when
Libtard Preezy Jimbo Carter of the Banana Republic allowed Iranian terrorists to
capture and hold Banana Republic embassy personnel as hostages … that’s the
same Jimbo Carter that stabbed U.S. ally “The Shah of Iran” in the back earlier
… and what did “terrorists” learn about the west, and the Banana Republic in
particular? … why they learned they’re all “paper tigers” … and instead of
turning Iran into a glass parking lot, Carter buckled and we’ve been dealing
with terrorism ever since … see, it makes more sense for POLS & Apparatchik
Elitists to profit off of terrorism, than it is to end it … cuz just like “racy-ism”,
if you solve it, where do the “race baiting poverty PImps” go for money, and
where is the need for them anymore? … so, you make sure it ain’t ever solved,
just make money off of it! … latest & best example is BLM, where the founders
milk the system for cash, a narrative agenda is formed for future reference, and
the “racy-ism” can is kicked down the road ‘til next time.
Imagine a world where the Banana Republic doesn’t need a TRILLION DOLLARS+
IN WEAPONS SYSTEMS EVERY YEAR! … “oh the humanity!” … defense
contractors hurting, fat cat biz scumbags who finance the members of the
Clown College suddenly getting no kickbacks or commissions from weapon
system giveaways … and that means no vegas junkets, no hooker & blow parties
in “The Swamp”, no golf outings to Scotland / Ireland, and no PAC contributions
… “STOP VEGAS STOP! … i’M GETTING A TEAR IN MY EYE!” … and all of this
reality will hang over gold longs while “war” is being labeled the impetus for
gold’s rally … of course, the truth is it ain’t the reason gold is up near 2K … the
real reason is “money printing”, and the destruction of fiat that goes unabated
24/7/365 … there always has to be a reason OTHER than money printing for gold
to rally in the eyes of the financial MSM, cuz the truth is far too dangerous for
Sheeple to grasp, and might lead to critical thinking skills on behalf of said
Sheeple, and we can’t have that!
All of the indicators needed to trade XRPUSDT @ IQCENT are either in the MT4
library of indicators, or in “Download Links” available for download … directly
below from yesterday, when Bitcoin was removed from the Blackrock website,
things got a bit bat shit crazy [BSC] in XRP … notice the grid on the m1 chart!
… also notice how the “vegas risk models [RM], RM=1 & RM=2 acted as support
on the downside … also recognize, that the levels of the RM’s are not for buying /
selling, BUT FOR LIQUIDATING A POSITION at usually MAX PROFITABILITY!
Earlier today from the European open, a screenshot of XRPUSDT … things have
settled down from yesterday, and the RM levels, even RM=1 [lowest VIX level]
isn’t on the screen … also notice the big difference in the grid value from
yesterday.
And as you can clearly see, the HULL does not disappoint in keeping you on the
right side of the scalp trade … sure, we can’t capture every squiggle, but that’s
the price we pay for having the “wind” at our scalp backs!
Well now, I can’t help but think the “nexus of evil” group just might be trading
gold for rockets … Step 1. Get long gold. Step 2. Fire rockets into Israel and get
the usual IDF response … so what if a few Chumps get killed? … all for the cause
and narrative don’tchaknow … Step 3. Sell the top or very close near it and
pocket the dinero … I’m pretty sure Vlad, Kim Jung-Un, Xi, and some other thugs
could show them how it’s done, as they’ve been doing it for decades! … back in
pit trading days, when Vlad ran the KGB, he used to do this in gold futures for
the Soviet regime … but again I emphasize, when ranges are tight, as they were
with the latest gold blitz higher, funny things happen when the reversal monkey
shows up and ruins the party! … it’s gonna take more than a few rockets fired
into the Golan Heights from Syria to get gold over 2K … but once over, look the
Hell out above! … on the other hand, now what after the miserable rally failure
to the high today? … cuz if by chance 1971 gets taken out, a whole lot of longs
are almost guaranteed to puke … and we’re only a handful of bucks away from
that right now … like I said before, under 2K, gold still subject to FED
manipulation along with other UNSAVORY players [see above], and you are
asking a lot from a market that has rallied hard & fast … over 2K, and it’s a
completely different story as the narrative shifts, the FED is in trouble with a
capital “T” on their massive short positions, and the sky is the limit!
File this under, “you can’t make this shit up!”” … well now, after the terrorists
make a bundle getting long, firing missiles, and then selling the top of the rally,
maybe BIBI found out and was jealous, so he shorted gold, and then a report is
released saying the invasion of GAZA has been “delayed”! … FUCKING
EVERYBODY WINS! … very nice $12 haircut! … except specs of course, but they
are always the loser so what else is new? … seriously, the story writes itself!
… just like old times back in the pits, and if you got slaughtered by any of this,
you shake your head and say, “what are the odds of this happening?” … well
actually, they were pretty fucking high that “Scumbaggery & Fuckery” were on
the table anywhere where gold is involved for trading and it’s moving hot &
heavy … history tells us that! … OH PLEASE, ROLL THE ROCK UP THE HILL
AND LET’S DO IT AGAIN!!
I’m going to reiterate about XRP what I said before about EURUSD … why trade
any binary option and potentially get ripped off by an AI software system that is
not only make believe and not real, but will see you get gutted like a fish for
dinner in the last second or two before it expires? … granted, you got limited
risk, but you also got a collective negative expectation for the entirety of the
spec players, and you got a reward / risk ratio of ALWAYS LESS THAN 1:1 … why
not simply trade XRPUSDT AND SCALP? … you’ve got 1 disadvantage, but more
than 1 advantages … like EURUSD, think of it as a “quasi binary option” where
you control risk and expiration, as well as potential gain from trade to trade
… I absolutely guarantee, that if EURUSD had a 200+ PIP range every single
trading day, and the bid/offer spread were 1 PIP, and there were no commissions,
each and every one of you reading this would be all over it like butter on a baked
potato! … and without all of the political bullshit going on in FX every single
minute of the day, along with manipulative banker scum.
Well, chalk this day up to FUBAR on steroids, as it relates to gold … I don’t trade
gold when “Terrorists, Dictators, & Thugs” are calling the shots, and what you
saw today if you were watching gold was nothing short of that … everybody
wants a piece of the “easy money pie”, and firing missiles, calling for cease fires,
and all of the other diplomatic shit behind the scenes that would make a billy goat
puke really offends my sense of priorities as a trader … but, being caught now
between 1950 - 2K, gold is nothing short of a death ritual if you get in it and think
any kind of stop is gonna protect you … all physical sell stops do is guarantee
you get filled at the bottom of the red spike down, or get filled at the top of the
green spike up … bend over, incoming! … and until gold gets through this
congestion, expect more days like this of complete “Scumbaggery & Fuckery”
from the usual suspects … no trades for the PAMM today in gold … horrible
conditions … over @ IQCENT, despite a platform malfunction that lasted almost
an hour [idiots], a shipload of XRPUSDT trades from the long side of things
… “The Syndicate” UP APPROXIMATELY 0.2% on very light volumes as I find
my “sea legs” for this market … so far, I very much like the way it trades,
without the bullshit other markets carry with them every day … smoother than
either Bitcoin or Ethereum IMHO … 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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