SUNDAY UPDATE: THE SCUMBAG LP’S FEEL THREATENED

 

“Life behind the “Oz Curtain” at the LP when markets move!!”

According to “forexlive.com” in a post on December 18, 2023, we’re labeled as

“TOXIC TRADERS” … did you know you’re a “toxic trader”? … the link

directly below.

https://www.forexlive.com/Education/how-forex-brokers-can-identify-toxic-

traders-20231218/

A quick read of this disgusting article pretty much proves my thesis and

premise, that anybody who makes money is “toxic” to the brokerage house

and the scumbag LP, and if you’re not a source of constant & continued

profitability to the house [would you like to make another deposit?], you’re a

problem … am I the only one who finds this article extremely annoying and

pisses me off!? … and while this article is for “edumacation” purposes [so it

says], don’t be fooled into believing propaganda … this is a warning … and it’s

not just “Tapaas”, there’s an entire “cottage industry” that springs up to help

serve the thieves and crooks that call their shakedown operations as a

“liquidity provider” [LP] … anybody who’s ever traded anything in a “live”

account for longer than 5 minutes at any house will find out real quick about

mystery bids [sells] and mystery offers [buys], along with slippage on fills,

and utter. “WTF was that?”, and wonder how the Hell their mini-lot buy trade in

EURUSD could send the offer price up 1 ½ PIPS for their fill … well, wonder

no more!

Of course, the Standard Operating Procedure [SOP] at houses everywhere

when you point out to them you got royally fucked on an order is to invoke

the “DUH!, market conditions, DUH!, plausible deniability mantra, and that’s the

end of the conversation … and now, houses are all to eager to tell you

SCALPERS WELCOME! … that’s cuz they all pretty much employ

“ANTI-SCALPING” SOFTWARE [just like the article suggests] to thwart those

trying to “pick off” the LP in a somewhat more highly VIX environment … some

houses worse than others to be sure, but since the start of 2024, a sea change

at IQCENT where they’ve taken it to extremes in crypto pairs … not that it’s a

decision at IQCENT, they’re simply going along with the LP [Thompson

Reuters], who I can only assume has gotten beaten in Q4 2023 worse than a

baby seal at a Japanese whale hunt in crypto pairs … and their predictable

response is to scream “HELP!” to the cottage industry telling them they can

defeat scalpers … and so what we’ve seen this last week is that going into

affect … and I can tell you it will completely destroy the crypto trading at

IQCENT if they keep it up, cuz nobody is gonna accept trading [for example]

Bitcoin in $50+ increments and get trapped into losses they have no control

over, and the fact you can’t depend on them to keep the bid/offer current

… would you trade EURUSD right now and could only get in or out in 5+ PIP

increments and had no idea when the bid/offer would change to reflect actual

market conditions? … HELL NO YOU WOULDN’T!!

It’s a different story in EURUSD, USDJPY, and USDCNH, the only 3 FX pairs I

would trade at IQCENT … THAT’S CUZ THEY HAVE RAZOR THIN SPREADS

AND NO COMMISSIONS … and as I have explained before, know how this place

and LP makes their money … they split the slippage from constantly being off

the actual market by fractions to maybe as much as 2 or 3 PIPS under normal

conditions … you ALWAYS HAVE TO HAVE A PRIMARY MARKET [COINEXX,

FUSION MARKETS, ETC.] served by a very thin spread to compare bid prices … obviously, you want to buy FX when the IQCENT price is LOWER THAN THE

COINEXX BID by at least 0.2 PIPS … when SHTF [like Friday with NFP & ISM

numbers] you can effectively do “arb scalping”.

The entire thesis / premise of FX and “arb scalping” I’ve explained before, and

it’s at least 100X bigger and deeper than crypto could ever think to be right now

… there’s an entire ocean of institutions being served by scumbags like

Thompson Reuters, and since they’re not traders, they take their piece of the

pie and pass on the rest to the platform … within 1 second, maybe 1 ½ seconds

at most, IT’S GONE! … they’ve already employed “ANTI-SCALPING”

MEASURES INTO their skipping around slippage on the platform, and for

most of the Dopes who trade at IQCENT IN FX, I’d be shocked if any of ‘em

looked or watched closely at other platforms and figured out the “game” that

is being played on them … this ain’t 2003, where 20 years ago FX spreads

[and everything else traded as well] were FAT, SLIPPAGE EVEN FATTER, and

the houses online for electronic trading made a fucking killing … in theory,

today spreads are “tight”, but as a spec trading, you have to OVERCOME the

“T DISTRIBUTION” MATRIX of added slippage up/down on the “T Curve” based

on current volatility, which gives the LP & house the “edge” in successfully

defeating you in a collective sense … THAT’S WHY THEY WELCOME

SCALPERS! … if they simply raised the spread, nobody would trade with ‘em

… anybody trading USDJPY AT A HOUSE WHERE THE SPREAD IS 2 ½ - 3

FULL PIPS? … no? … wonder why when it’s 0.4 PIPS at IQCENT WITH NO

COMMISSIONS? … now, if you buy and sell at the wrong times compared to

the primary market [Coinexx bid for example], you’ll be trading it almost right

there at 2 ½ - 3 FULL PIPS!

And while I’m secure in the fact they’d love to have better conditions for

themselves in FX, THEY CAN’T cuz the competition is too intense and traders

too smart … they simply have to live with what they got now and realize there

will always be people like me who can defeat them, but the collective makes

them tons of money so who cares? … and that ain’t the story over in crypto!

… I guess if they’re Hellbent on destroying their business they got the right to

do that, but it is what it is … we’ll see what management does when they look

at their runs and figure out “el quicko mucho” everybody has left and they got

ZERO CRYPTO TRADING REVENUES … what happens then? 

Directly below, this week’s 20 Day Range MA & MEDIAN values for selected

markets.

click on table to enlarge

In this modern age of manipulation, you just never know when houses & LP’s get

better / worse, do good things / do “stupid shit” things, buy others, sell the

business to Dopes, and we out here in the public domain got no clue what’s

going on … it’s not like they share anything cuz they don’t! … still, IQCENT IS

THE PLACE TO BE FOR USDJPY, UNDER THE RIGHT CONDITIONS, and with a

primary market to compare it to, and “arb scalping” is excellent on important

reports and releases most of the time.

Look for the final version of the algorithm coming next Sunday in pdf, although

tomorrow’s blog I’ll highlight the important concepts … “almost finished” didn’t

make it to today’s finish line!… onto the week!

… OUTTA HERE … “The future’s so bright I need 2 pairs of sunglasses 😎😎,

and my own Brinks armored truck” 💓!! … Onward & Upward!!

-vegas

THE 1 MICROSECOND MARKETS … ANOTHER NFP SCAM NUMBER

 

“Oh boy, another NFP Idiocy Day dead ahead!!”

How many reversals can we put into one NFP day? … apparently more than one!

… throw in a soft ISM Services stat 1 ½ hours later, and specs are jumping out of

their shoes … right, got played again? … Congrats!

And while crypto over at IQCENT remains FUBAR, thanks to “anti-scalping”

software the LP thinks will solve their losing money problem in crypto [it won’t,

it’ll only completely destroy whatever they got now into the dust], today saw

ample opportunities via “arb scalping” in USDJPY after both reports

… “arb scalping” in USDJPY HAS A COMPLETELY DIFFERENT THEORETICAL

PREMISE THAN THAT OF CRYPTO, AND SO THEY ARE TOTALLY DIFFERENT

… BASIS PREMIUMS AND DISCOUNTS ALL OVER THE PLACE FOR ABOUT 30

MINUTES AFTER EACH REPORT … IF YOU CAN’T MAKE MONEY FROM THIS,

YOU CAN’T MAKE MONEY PERIOD! … +20 PIPS to -20 PIPS quite often, and all

of us here doing multiple “arb scalps” in the 12 - 15 PIPS range in seconds in

USDJPY … quoting Miss Gimpy, “I like free money in seconds, I really do!!”

Both reports taken together with revisions, and you end up with a smidge softer

set of numbers, despite the headline jobs bullshit … for USDJPY, it’s gonna be a

very hard task to get the massive cuts in rates for 2024 starting in March the

street is anticipating … given all of the swirling horseshit around “will they or

won’t they” from the Morons at the BOJ about yield curve control and maybe

changing policy towards higher rates, who quite frankly are playing the world

with words, and the on again / off again FED Lounge Lizards about rates, it

should keep USDJPY SIZZLING with each rumor hitting the wires.

Historically, double reversals with size [range] go NOWHERE … they simply run

out of gas and most specs get blistered with preset Fib ratios, Elliot Wave

bullshit, and/or other preset support / resistance levels that get violated, along

with time wasting away to the close … the number of days that turn into bigger

ranges and allow the double reversal to flourish are fractions of a percentage

point! … you really want to bet on that? … that doesn’t mean just cuz it won’t

go further that it’s gonna go the other way, simply that the “Loser Formation”

and/or serious chop is the most likely scenario going forward … and once ISM

came in softer than expected, it’s a race to the lows, put in the double reversal,

and then stall and kill accounts looking for more … we did get a USDJPY bounce

better than I would have thought, but this market doesn’t give a shit what you or

I think, it’s ALL about who’s stuck getting cashews squeezed and what level will

the manipulators let it go towards … in other words, “order flow”. 

I have almost finished work on the FINAL version of the scalpers algorithm, which

will be available on Sunday’s blog update … it’s “color coordinated”, meaning

remember the colors to be long / short and that’s all you need … “The Mrs.” &

Miss Gimpy love it, and it takes all guesswork out of the equation … I simply

can’t make it any faster or EASIER to understand & implement … if you can’t

make money with this, you either aren’t following directions & rules, OR the

market has lost all of its VIX [or a good portion of it] … one you control, the other

is out of our hands … coming Sunday … no trades for the PAMM today as I ran

tests on this algo to make sure i got nothing wrong or left something out that

should be there … what better day to do it than an NFP Idiocy Day where

anything can happen.

IQCENT HAS TAKEN CRYPTO AND GONE FULL RETARD FUBAR! … I ain’t

interested in trading Bitcoin in $50 - $100 increments [or much more!] that leave

me stranded when the market reverses and at their mercy for pricing … ditto for

MATICUSDT and the other altcoins where it’s 20+ ticks … who the Hell would

agree to this? … but no mind, “arb scalping” USDJPY today with 2 “bigly &

yuge” reports [NFP & ISM], along with regular algorithm trading from the long

side sees “The Syndicate” UP APPROXIMATELY 0.6% ON light to modest

volumes … be back Sunday mi Amigos! 

… OUTTA HERE … “The future’s so bright I need 2 pairs of sunglasses 😎😎,

and my own Brinks armored truck” 💓!! … Onward & Upward!!

-vegas

DON’T MAKE MOUNTAINS OUT OF MOLE HILLS

 

“Trading is SIMPLE! … I never said it was EASY!!”

Before we get to actual trading, a few things need to be said … 1) traditional

financial markets are RIGGED, MANIPULATED, & SKEWED against specs

… 2) trading platforms are dishonest and a disgrace to the concept of trading

anything representing a “free market” … and 3) liquidity providers [LP’s]

everywhere, no matter the platform or house, are scumbag thieves and crooks

and belong in jail … their sole purpose is to enrich themselves at your expense,

and they all employ to varying degrees very sophisticated mathematical

algorithms to trip you up into losses … they understand spec psychology better

than you know yourself, and most likely you never realize you are constantly

being enticed into psychological reactions you don’t understand or fully

appreciate.

I’ve written at length about “arb scalping”, which is only available with LP’s that

are not on the MetaTrader MT4 or MT5 platforms … you are completely at the

mercy of a scumbag LP for a bid and offer, without knowing whether or not it’s

legit or bogus … most are “BOGUS” / phantom bid/offers, and you have ZERO

chance of ever getting a fill near them … under the surface, the LP is skimming

the shit out of markets worldwide, and you end up getting the worst bid/offer

imaginable WITH SLIPPAGE TO BOOT! … it’s called life at the bottom of the

MetaTrader totem pole!

Open Order Book [OOB] platforms are only available in crypto, but are just as

susceptible to abuse from “arbs” [SPOOFING ORDERS] and “Whales”

[RUNNING STOPS], and most of the time that depth of market you’re looking at

is a complete joke … again, manipulation at the highest psychological level

known to humans, and the “spoofing” bullshit that goes on here is legendary

… bid/offer spreads are about as tight as tight can be, with the problem being

“gas fees” [a/k/a commissions], which are “high” to say the least … then we

encounter places like IQCENT, which have the OOB tight spreads, and also

have ZERO commissions … it begs the question of “how do they make their

money then?” … EASY PEEZEE: “they split slippage & thievery with the LP

[Thompson Reuters], and probably sell customer account information to boot

for extra income [nothing personal, just trading info about you]”.

I mentioned briefly the other day about “anti” scalping measures LP’s employ

against specs … 1) the bid/offer quote doesn’t correspond 1:1 with a primary

market [e.g., Phemex] … so while a crypto pair rallies 7 ticks on the bid side at

Phemex, at IQCENT, the bid/offer doesn’t change at all, it remains the same as

before the rally … if the market keeps rallying, then the IQCENT LP will in one

jump, up the bid/offer by a factor set by a mathematical algorithm that represents

a statistical “T DISTRIBUTION” based on current volatility in the marketplace … if

VIX is low or medium it can jump 7 - 15 ticks, and if VIX is bat shit crazy [BSC], it

can go much higher to levels over 70+ ticks into the hundreds! 

Bottom line is simple … what seems like random up/down movement AIN’T!

… it’s the LP attempting to thwart specs who are “scalping” cuz the market is

volatile enough to do it and make money at the LP’s expense … and the LP is

saying to you, “we have ways to defeat you that you aren’t aware of!” … only,

they didn’t reckon on me coming along and spilling the beans! … generally

speaking, “T DISTRIBUTIONS” are an attempt to normalize small sample sizes

… directly below a generalization.

Generally speaking, you have to determine the scope of “BASIS PREMIUM” &

“BASIS DISCOUNT” for the crypto pair or pairs you are trading, and get a good

idea given the VIX level of the pair when you’re trading it, of where PREMIUMS

& DISCOUNT values are at and when you should adjust them for major VIX

changes … remember “BASIS” = (price at PHEMEX) - (PRICE AT IQCENT)

… NEVER EVER buy a DISCOUNT [price is higher at IQCENT than Phemex]

… I’m most familiar with the crypto pair MATICUSDT [POLYGON] … under

normal VIX for the pair, PREMIUMS & DISCOUNTS will be in the +25 ticks for

PREMIUM to -25 ticks for DISCOUNTS … when m1’s start to go BSC, they can

go into the hundreds! … realize that these measures taken by the LP are to

thwart scalpers looking for a quick hit at the LP’s expense … they may look

random, but I can assure you they aren’t! … you need to know the SCUMBAGS

YOU ARE DEALING WITH!, and how to defeat them at their own game! … very,

very few understand this, but now you do!

The trading algorithm for crypto pairs is as POTENT AS IT CAN POSSIBLY BE!

… TEMA period 13 [white], and SMA period 7, hl/2, [orange] … both in the library

of indicators on the Phemex platform [ https://phemex.com/trade/MATICUSDT ]

… and in crypto, volume is often a harbinger of tops and bottoms, especially after

a medium to long run in price [up or down, doesn’t matter] … large sell volume

[red] at bottoms and large buy volume [green] at tops … directly below FROM

EARLIER TODAY, can you spot the top in MATICUSDT price and match it with

volume?

click on chart to enlarge

Crypto pairs love to run and squeeze cashews! … “Whales” love to “pump &

dump” pairs at will, and the TEMA & SMA lines are almost perfect in calling

short term TRADEABLE TOPS & BOTTOMS! … “just follow it Skippy” … when

TEMA is above SMA BUY PREMIUM … liquidate on jumps higher … rinse / repeat,

what’s the problem? … don’t turn mole hills into mountains by adding a whole

bunch of technical indicator shit that is only going to rob performance … nobody

can deliver the “Holy Grail” so stop looking for it! … and btw, as 2024 unfolds,

more and more people will make the move to crypto pairs and abandon

traditional markets altogether … “it’s dead Jim, it’s DEAD!”

Like previous days, monster ranges in SOLUSDT & MATICUSDT, and if you can’t

make money in this, YOU CAN’T MAKE MONEY PERIOD! … blog update on

Sunday … cya then!

… OUTTA HERE … “The future’s so bright I need 2 pairs of sunglasses 😎😎,

and my own Brinks armored truck” 💓!! … Onward & Upward!!

-vegas