SOME HANDY RULES FOR “ARB SCALPING”

 

“No time to chase cats! … EVERYBODY in the fam is all in!!”

Rule #1 … understand what it is you’re doing with regard to trading philosophy

… the theoretical concept is “buy at 1, sell at 2” all day long … we aren’t “gurus”,

we’re traders, so don’t fall into the trap of thinking any of these alt-coins gotta

go somewhere or do what you want … they don’t … “Whales” run the show and

don’t forget it! … Rule #2 … pick any of the coins at IQCENT, and spend the

needed time to understand the coins trading action, as well as the “discounts”

to spot from a place like Phemex … start with very small trading volumes until

you a got feel for your coin … just cuz I trade MATICUSDT, doesn’t mean you have

to … IMHO, both BTCUSDT & ETHUSDT are tough trades for 2 reasons … 1) too

big a price, and the LP at IQCENT doesn’t make a good enough of a market for

my liking … but that’s just me, maybe you think differently … Rule #3 … we buy

discounts to spot, then we sell rallies, we don’t buy rallies! … and when the bid

spikes in 5 seconds from when you bought it, give it back to ‘em! … thanks,

come again! … in other words, DON’T GET GREEDY WITH SCALPS! … Rule #4)

… think like a “Whale”, not like a spec Chump … Rule #5 … pay close attention

to the 9 period SMMA and its SLOPE … positive slope means there won’t be as

big a discount, and in MATICUSDT for example, that usually means discounts of

about 10 ticks MAX … negative slopes means BE FUCKING CAREFUL!

… looking for discounts 20+ ticks, and remember that specs puke at IQCENT at

bottoms, and the market can go down while the discount remains below 20 ticks

… that’s to be expected as longs refuse to puke … then at the bottom the

discount blows up, and after the “Whales” have cleaned out sell stops and start

taking it higher, there’s that “fat” discount sitting there for a few seconds

… Bingo!, Bango!, Boom! 

Ho hum, just another 900+ tick range today in MATICUSDT, complete with

multiple sell stop hunts, and a couple of buy stop hunts thrown in for good

measure, as the “Whales” don’t want company on the trip lower … meanwhile,

over on the MT4, can anything actually “trade”? … Nope, just another pathetic

excuse for what the MSM financial propagandists will tell you is “trading”

… bullshit! … nothing trades anymore, it just moves, then stops and fucking

dies … there ain’t no UP/DOWN, there’s the train going one way and then it stops,

have a nice day! … the last time any of these traditional markets actually saw

consistent “trading”, it was before the 2008 financial crisis … since then, it’s

only gotten progressively worse with each passing year … and gold? … $30

range today, pretty good no? … well no actually … it had a 2 hour straight up

move around the criminal NYSE money laundering open … then what?

… where’s the trading? … anything up/down more than a couple of bucks while

the scumbag bullion banks “chop & slippage” you to death? … can’t have

trading, somebody might actually make money! … and so it goes … either the

FED has its boot on the throat of gold and is pushing it down via the “Rally

Protection Team” [RPT], or they stand in the way each buck when it rallies

… there is no trading, only one-way movement, just like everything else that’s

manipulated by government and/or their central bank Apparatchiks.

Again today, textbook crypto action in MATICUSDT … just like yesterday, it’s like

I wrote the fucking script! … but it ain’t me, it’s simply the way collective specs

[in the millions] behave in a free market … no trades in gold for the PAMM

… when it “trades” I’ll be there, but I refuse to get caught in bullshit bullion dealer

chop & slippage if it won’t trade after ANY RUN HIGHER OR LOWER! … fucking

trade will yea?! … meanwhile over at IQCENT, BEST TRADING DAY EVER FOR

“THE SYNDICATE” … I had 7 trades over 50+ PIPS!, and that doesn’t even count

everything else … for a “scalper” this is unheard of, but for an “arb scalper” in a

free market environment like crypto, BRING IT ON! … on a fleet of ships loaded

to the water line with trades in MATICUSDT, “The Syndicate” UP

APPROXIMATELY 4.1% … onto tomorrow!

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

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

-vegas

COLLECTIVE SPEC BEHAVIOR NEVER CHANGES IN A FREE MARKET

 

“Trader angst … some things never change!!”

Everything I wrote about in yesterday’s Sunday blog update, concerning crypto

and specifically MATICUSDT [Polygon], has occurred in today’s trading … Hell,

MATIC moves more ticks in 4 hours than EURUSD does in PIPS in 4 months!

… NOT exaggerating here! … pump, dump, pump, dump, pump & then dump to

the low of the day before exploding higher off that low, before dumping again

… ho hum, welcome to crypto! … the specs FOMO the MOMO and then panic

sell when taken to the woodshed by the “Whales” … and the “Whales” have

done “their thing” all morning … and the “arb scalping” discounts I wrote about

held true, and after specs puke at the bottoms, along comes IQCENT with their

flavor of a customer pukefest, and the discounts widens substantially, before

smartly rallying off of nothing but air … meanwhile over in manipulation land

on the MT4 or MT5, what a fucking wasteland of bullshit … gold might as well

be closed, and FX is remarkably pitiful in scope and movement … seriously,

what a wasteland.

And the reason things play out like they do isn’t cuz of anything I know nobody

else doesn’t, it’s cuz I understand spec trading psychology … whether it’s in a

pit or electronic doesn’t matter, it’s the same group of people who always think

alike … and that thinking is dead wrong! … and of course, “Whales” eat the

collective alive, cuz 1) they got the money, and 2) brokerage houses give ‘em all

of our trading info … they know where the stops are cuz management makes

sure they get it … why do you think they pay millions for the info?

No trades for the PAMM today, simply cuz there’s nothing to do inside a smallish

range of bullshit … “has it moved $3 from a median price yet in 5+ hours? … and

when it does, it goes bat shit crazy for exactly 2 minutes while the scumbag

bullion dealers hit off buy stops and sell everything they’ve bought the last 4

hours … nice work if you can get it! … what a bag of shit, but there isn’t anything

anybody can do abut it cuz the FED runs gold … but for how long?

Over at IQCENT, a shipload of MATICUSDT trades, that play out like I personally

scripted ‘em … “The Syndicate” UP APPROXIMATELY 1.1% on modest volumes

… going forward, I’ll be going heavier volumes, and for the PAMM I’ll trade gold

when it’s appropriate to trade it … it ain’t there now … you can’t trade gold and

take 20 cent gains, while risking $3 - $5 each time you got a position on … what

fucking sense does that make? … gold needs better ranges and better NY

session VIX, and right now it’s absent … meanwhile crypto rules the free trading

world, and it’s why millions are trading it … nothing like a market free of

government manipulation! … onto tomorrow!

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

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

-vegas