SPOTLIGHT ON RIPPLE [XRPUSDT] FOR SCALPING

 

“Welcome to RIPPLE world … c’mon in, the water is fine!!”

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!

click on any chart to enlarge

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

AGAIN THIS WEEKEND THE WORLD DIDN’T END

 

“Just another drawn out proxy war coming right up … AGAIN!!”

There’s a part of me that says BIBI is getting rolled by Biden and his ilk of

Communist parasites … and the reason IMHO, is what I have said before,

namely the purpose of any conflict is to enrich the Elites … it’s a veritable flea

market of free weapons systems with kickbacks & “commissions” galore … I

know it’s early yet, but appeasing terrorists NEVER works, just ask

Jimmy Carter, Bill Clinton, George Bush [you pick ‘em], & Chalky Sotero, with

Biden being the worst of the lot … you don’t negotiate, YOU EXTERMINATE!

And since the world didn’t end this weekend, thanks to football season being in

full gear, it leads to the Sunday night open where most likely the FED came in

and pummeled futures in precious metals … nothing to serious, just an

approximate $10 haircut in gold that got bought up “el quicko mucho”, but

enough to satisfy some scumbag banks who bought the spec sell stops … some

things never change!

But what is happening under the RADAR screen, is that the rest of the world,

notably the “BRICS Cartel”, are selling U.S. Treasuries across the board, with

both the Ruskies & ChiComs leading the way, and buying gold … and since gold

has been reclassified as a “Tier 1” asset by the BIS [Bank of International

Settlements], and carries ZERO counter party risk and threat of sanctions by a

despotic U.S., more and more central banks are ditching fiat paper and

demanding gold for their reserves … in other words, the world can see right

before their very eyes just how bad the U.S. has become, being the financial bully

if you don’t adhere to the U.S. agenda … and the middle finger salute

shines bright!

Another milestone reached today, as the 10 YR. Treasury goes past the “Maginot

Line” of 5%+ … whether it stays there or not, gold ain’t breaking cuz people are

starting to wake up to the fact that 1) the entire political system of the Banana

Republic is broken beyond repair, and there is neither the desire nor will to reign

in spending on the “Free Shit Army”, which now includes foreign governments,

and 2) the Banana Republic is borrowing $1 TRILLION DOLLARS every 6 weeks,

whether to replace existing debt or for new debt, in the infamous words of

Cankles Clinton, “what difference at this point does it make?” … nothing says

bankruptcy better than paying the highest interest rate on your debt in 20+ years,

at the exact moment your debt load is its highest, which is $33 TRILLION AND

GROWING! … meanwhile the drunken sailors inside “The Swamp” will continue

binging cuz they see no reason not to … and I’m left wondering, “does Ft. Knox

really have the 8,000 tonnes of gold they say they do? … neither the FED nor the

Treasury will allow for an actual legit audit … what does that tell you? … and if

the gold has been pilfered away by LIbtards & RINOS over time, guess what

happens next? … and now you know why there won’t be an audit anytime soon!"

We come into today again, with another almost $20 range overnight in gold

… will skyrocketing rates hold it back? … can the “Spoos” hold the 4200 level,

and can rates stay above 5% on the 10 YR., or does the FED do some of its

“trickeration” via yield curve control [YCC] and manipulate it under 5%? … and

finally, when does BIBI take the gloves off, tell Biden to fuck off [after he gets his

aid?], and end this bullshit once and for all? … my guess is he won’t, and he’ll

“blink” and shit goes “part time” again and off cable news ‘til next time

… meanwhile, the weapons systems are delivered, and the all important

kickbacks & “commissions” get received by the POLS & Apparatchiks that are

connected to the process … “quite frankly, this is morally disgusting and

reprehensible, but since POLS & Apparatchiks control the MSM, you won’t ever

hear about it cuz they’re all in it together!”

Turning to today’s fun filled manipulation adventure inside the world’s most

corrupt casino, another near open decline near the criminal money laundering

NYSE open sees the “Plunge Protection Team” [PPT] show up after a mini

meltdown to rescue “Stock Bellies” … seems 4200 is one of Spicoli’s “puke

points” that needs to be protected, but can it last the rest of the day? … gold for

its part hitting some more sell stops as “Stock Bellies” melt down … “dude,

where’s the LOW!?” … and after a couple of hours, it’s apparent gold wants to

play “wait & see”, with nothing here but chop, although anything can & will

happen, but for now it’s “dullsville” … gold can correct in 1 of 2 ways, either

price or time, or a combination of both, but I would add that sideways chop for a

day or two isn’t gonna allay anybody’s fears about a moonshot over 2K … quite

frankly, the FED is trapped and the world knows it, and they ain’t in the mood to

let ‘em off the hook IMHO, and maybe consider it doesn’t correct and blows up

again while nobody is looking? … absolutely nothing surprises me anymore

with respect to gold.

What does somewhat surprise me, is the everlasting battle between “Stock

Bellies” BTFD-ers and reality … cuz what the BTFD-ers have on their side is

history of the “88/6/6” trading paradigm regardless of what you think the

economy or political situation is, and the PPT along with the North Korean

financial MSM, who never saw an uptick they didn’t like … as a result, we got a

pretty active “Stock Bellies” complex, where IMHO the “Spoos” offer the best

reward / risk trade of the bunch cuz of the depth of market, while the NDX100 &

DOW30 act more like penny stocks trading in Vancouver, and have higher

spreads along with slippage that can be “disturbing” to say the least far too

often … and while “SIMPLE FX” has the best bid/offer spread, which is 0.3 index

points when the NYSE is open, their slippage takes that advantage away in a

heartbeat … IQCENT has the “Spoos” with a 0.5 index point spread, no

commissions like Simple FX, but IMHO it has far fewer slippage incidents that

are gonna piss you off to no end … and lately [including today], with said spread

and thus cost to trade, the “Trading Ratio” [TR] is hanging between 5 and 6 on

a regular basis over the 6 ½ hours the NYSE cash market is open … that’s pretty

good, and can be looked at as a borderline scalp if this holds, or a decent

“day trading” vehicle.

Meanwhile, while the country burns down financially and Sheeple sleep, BTC

finally vaults 30K, and looks to hold above that level … with said debt and

interest payments in the TRILLIONS [and growing], somebody enlighten me

how the Banana Republic can keep fiat viable for much longer? … Bitcoin &

gold, what’s not to like here?

The London Fix over and done with, and it’s another “piss poor Monday” to

show for gold, it’s inability to trade adequately despite news flow that supports

both upside and downside potential … “so where the fuck is it then?” … good

question, ask the manipulators! … meanwhile, cuz Ackman says he’s out of his

short treasuries trade, a big outside day in the 10 YR., with yields going from

5.02%, down to 4.88% … despite Ackman’s call, I’d bet dollars to donuts the FED

has got a lot to do with this rally in price for bonds, all the while protecting

“Stonks” cuz of their propaganda value … all of this sees EURUSD put in a nice

rally, with the day’s range over 70+ PIPS, and some nice scalping opportunities

… compare it to gold and you wonder WTF is the matter with our favorite

yellow rock?

Quite frankly, I don’t know how to make it any clearer to those looking to make

consistent money from trading … 1) open an account through my link @ IQCENT

… 2) scalp EURUSD with a 0.2 PIP spread and no commissions … 3) use the

algorithm to trade … buy breaks and sell rallies … OR … sell rallies and buy

breaks … depending on your session time from the European open to the New

York close, you have so many scalping opportunities it’s ridiculous! … choose

leverage that makes sense for you, don’t go “ape shit” with leverage, even

though they’ll give you 500:1 for margin purposes … using the formula charts I

posted yesterday on the 2nd Sunday blog [storm? … what storm?], directly

below a screenshot of EURUSD FROM THE NYSE OPEN, for about 2 ½ HOURS

ONLY.

click on chart to enlarge

It’s all there in the algorithm, and all of the necessary components are either in

the MT4 library, or are available for download in “Download Links” … if you can’t

scalp and make money in this, then nobody can help you, it’s that simple … I’ve

already gone over many times how IQCENT makes their money from this market,

so don’t buy spikes higher and don’t sell spikes lower unless you are forced to

in the event of a “false positive” … if you’re trading from the long side [like me],

use spikes higher to liquidate … and if you’re a better short trader, then use the

spikes lower to liquidate shorts.

Let’s face facts, the E.U. is a “basket case” when it comes to managing anything

… right up there with the Banana Republic … their magical E.U. economy is a

wreck, and there’s enough uncertainty with politics, economics, war, and other

idiotic ideologies, that EURUSD when matched up with the Banana Republic’s fiat

fiasco, looks like shit thrown up against the wall on a chart … and that makes for

some nice long or short trades … pick a side, any side, and stick with it! … you

won’t get chopped nearly as bad as all of the analyst traders who think they can

outsmart the central banker scum and their BFF bank LP’s that manipulate the

shit out of this thing … in other words, most days it’s a perfect scalping

instrument when conditions are right to scalp it … and that spells IQCENT, cuz I

don’t know of any other place that offers EURUSD trading with a total cost of

0.2 PIPS … if you find one, let me know! … and for reference, Coinexx is not the

place to trade EURUSD … although they quote 0.2 PIP spread, it’s bullshit cuz

there are commissions to pay of another 0.2 PIPS PLUS SLIPPAGE, which if

truth be told can be anything from 0.2 PIPS to 1.5 PIPS when it’s moving … so this

is a non-starter cuz the cost to trade is significantly higher than IQCENT … don’t

be stupid, money is money, and over the course of time these added costs

mount up “el quicko mucho” and hurt your account … and I’ll just add to sum

things up, I find EURUSD cuz of the available leverage is a better scalping

vehicle than BTC, even with a 1 penny spread.

No trades today in gold for the PAMM, simply a wasted day of chop bullshit and

no range whatsoever … over @ IQCENT shiploads of scalps in EURUSD, and

“The Syndicate” is UP APPROXIMATELY 0.7% … I’ll be raising my volumes here

shortly, unless we happen to go under 1.05710, where I remain cautious

anywhere near the 1.05 level … onto tomorrow!

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

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

-vegas