I CAN’T MAKE IT ANY EASIER / FASTER / EFFECTIVE!

 

“The final version of the trading algorithm is “Butch Approved” … NATCH!!”

There is nothing really earth shatteringly new here, simply information provided

in a different more “color coordinated” way for ease of use … coded for MT4,

everything you need is in “Download Links” to get it up and running … works

exceptionally well in all markets, so pick your poison and run with it

… obviously, choose markets you like and are familiar with and have excellent

spread conditions … for EURUSD, USDJPY, & USDCNH you can’t beat IQCENT

FOR STRAIGHT UP ALGO TRADING [given some conditions] along with some

“arb scalping” when appropriate and VIX is present in the marketplace. 

If any market moves, the algo will map it and give appropriate buy/sell signals

… the one factor nobody controls is VIX … if I knew with almost 100% certainty

USDJPY would have a NY session range of 150 PIPS, then you could trade off

that information and make a shipload of money … however, in today’s present

era of central bank manipulation, especially in FX & specifically in USDJPY, one

day could be 40 PIPS, the next day 150+ PIPS, then back to 60 PIPS the day after

that … all that saves you are the signals and you go from there … playing

“Whack-A-Mole” with VIX is as frustrating as anything you can attempt in

trading.

I start with “SortVolume.mq4”, which for anything non crypto, it’s a “hit or miss”

bag of data … that’s cuz everything from institutions gets lumped into it along

with spec data, so it can be misleading … put it to work for you or leave it out,

it’s up to you … available for download over in “Download Links”.

Next is the “vegas mq4 support / resistance levels” for 4 different volatilities

… for USDJPY it’s the “vegas FX USD SUPER SCALPER” in one of the

directories of “Download Links” … finally, 2 lines of the “ZERO LAG MOVING

AVERAGE”, WHICH IS AVAILABLE IN “DOWNLOAD LINKS”. Here are the specs

for each line … change colors if you don’t like the ones I use.

click on any image to enlarge

Finally the screenshot from USDJPY from Friday directly below.

If USDJPY MOVES ANYWHERE, it works … if VIX dies, it won’t, simple as that

… if you’re a LONG ONLY trader, buy / be long PLUM OVER WHITE & ignore the

rest, and if you’re a SHORT ONLY trader, sell / be short YELLOW UNDER HOT

PINK & ignore the rest of the color combos … pick your poison mi amigo!

… seriously, how much easier can this get? … and if VIX is low simply sit out

‘til it gets better, the choice is yours to make … tomorrow I’ll show for BTCUSDT,

ETHUSDT, & XAUUSD

The Monday after an NFP, historically one of the worst trading days in existence,

as there is no data flow or Apparatchiks lying in front of a microphone … and

from the looks of things early, why should this one be any different?

… meanwhile over in crypto, IQCENT still maintaining their idiotic destruction

of their crypto markets [with the exception of one crypto pair, ETHUSDT] with

pricing and bid/offer “Scumbaggery & Fuckery” that defies belief … but hey,

it’s your business, go ahead and destroy it if you want! … feel better now?

… and while things can always change quickly, we got another “doji” daily chart

formation in the making today, reflecting complete “indecision” in the

marketplace … with TRILLIONS more of Banana Republic borrowing and

spending coming coming down the road, I find it very difficult to see how rates

go lower to support a lower USDJPY in any meaningful way, unless the BOJ

completely changes their fanatical monetary policy easing, something they’ve

hinted at to get upward pressure off USDJPY, but it’s all talk at this point, and it’s

why I still prefer to maintain long positions for trading over short positions

… however, just let me say, it doesn’t really matter what I think, simply cuz long

or short USDJPY, you got the exact same problems on both sides when trading

it … of course it’s cyclical, depending on the propaganda of “risk on / risk off”

[RORO] bullshit propagated by “experts” on Wall Street to get the velocity of

money flowing to further fund “the FX scam” … it’s all the street knows how

to do!

And while some, perhaps many, find trading action most days “acceptable” in FX,

I don’t … once you see and trade crypto and been around back when markets

were truly FREE [I was], instead of the manipulative horseshit we see today, FX

is like either paint drying on a wall OR a C-4 explosion, with not a Helluva lot in

between … and today’s YEN bullshit just proves my point … quite frankly, I can’t

stand this!

It’s gotten to the point where ETHUSDT, most days and now especially with

IQCENT GOING FULL RETARD FUBAR WITH PRICING AND BID/OFFER QUOTES,

that it’s plenty more advantageous to trade ETHUSDT at Coinexx than it is at

IQCENT! … and the reasons are threefold and “bigly & yuge”! … 1) the bid/offer

is ALWAYS there moving, and 2) as long as the total cost to trade is reasonable,

it’s far cheaper than Phemex or Binance … and 3) the NY session range is about

$100 with the median at about $90, and given that kind of movement, range,

trading activity, and plenty of corrective movement the vast majority of days,

it simply won’t matter if we’re paying a few cents more to trade ETHUSDT at

Coinexx.

Besides, the market we thought we had at IQCENT in crypto ain’t there any

longer … a flowing market with 1 penny spread and no commissions isn’t there

… quite frankly, ETHUSDT @ IQCENT IS STILL PRETTY GOOD, but it ain’t what it

once was … that’s a fact we all got to deal with! … there are still plentiful

opportunities for some “arb scalps” on larger moves, but scalping ETH has

been thwarted by the scumbag LP with their new “ANTI-SCALPING” software

… for the PAMM, it means I’m gonna trade ETHUSDT at Coinexx, keeping an eye

on gold just in case … tomorrow I’ll highlight ETHUSDT with the algorithm

… trading is about choices and where I think I have the best shot at making

money given VIX and trading conditions … surveying a lot of data that is before

us on the MT4, right now that market is ETHUSDT … not all but most everything

else is BULLSHIT.   

The LP at Coinexx in ETH is simply “arb scalping” bid/offers at around 10

different exchanges including Phemex & Binance, and every bid or offer hit on

the screen can be hedged with a profit by them until you exit your trade … it’s

guaranteed money!, and that’s why they are always there with a bid/offer … when

the Coinexx bid/offer widens on volatility, it simply means the market at other

exchanges has widened as well … the spread might remain the same but the

quotes running through the open order book [OOB] are widened … Coinexx

uses FX commissions for ETH [meaningless], and the spread is the total cost

in reality, plus a couple of pennies … no trades in anything today, and quite

frankly I don’t care if the entire MT4 board explodes with VIX, the only markets

worth trading IMHO are crypto, and as long as we got one of ‘em I’ll be a happy

camper … onward crypto!

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

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

-vegas

SUNDAY UPDATE: FOCUS ON LP “SCUMBAGGERY & FUCKERY”

 

“Butch, our head of security, has some issues with LP’s!!”

Brokerage houses serve one purpose only … to protect the scumbag, liquidity

provider [LP] banks and/or HFT’s from having to deal with customers who they

fill orders for … and for that service, they give the brokerage house a piece of the

trading action … some more than others to be sure, and this idea of a vast

network of “tier 1” liquidity providers fighting for your order is complete bullshit

… it doesn’t matter where you trade, your brokerage house will not tell you who

filled your order … under no circumstances will they tell you this … gee, I wonder

why that is? … well for starters, over time you’ll notice it’s with the same

scumbag bank … well, how can that be in this vast network of LP’s fighting for

orders? … and that leads customers to start asking other inconvenient questions

nobody wants to answer.

This idea that LP’s fill orders “on the market” is one of the biggest lies in finance

… they’re SCUMBAG THIEVES, and even in the highest volume, supposed

highest liquidity pool markets like USDJPY and/or EURUSD, they incorporate

different strategies to loot your account a few pennies or dollars at a time, simply

cuz they rely on 2 things … 1) it ain’t enough to matter … OK, I screwed you

… you gonna sue us over $0.75? … and 2) we hope you don’t notice or care, and

make sure nobody in the financial press EVER reports on what we actually do.

From the micro perspective of things, razor thin spreads matter to your bottom

line … if they don’t, you’re telling me you run a business without caring what your

costs are? … or whether your employees or suppliers are cheating or stealing

from you? … but since this is trading, it’s OK? … and as I’ve said before, this is

why people would pay hundreds of thousands to come to the trading floor … to

be at the source and pay AS LITTLE AS HUMANLY POSSIBLE … ACTIVE

TRADERS PILE UP THE TRADES, and over the course of a year or more, the

amount of money is substantial in scope … but even in the tightest EURUSD

cost structure going, which is at IQCENT, where the total cost to trade EURUSD

is between 0.2 and 0.3 PIPS, if you buy on a move up or sell on a move down,

they are gonna impose their own “LP traders tax” on you to the tune of 0.1 or

0.2 PIPS … you’re not gonna get the offer to buy or the bid to sell you think you

should be getting … this isn’t how LP’s work … LP’s view filling your order from

either one of two vantage points … 1) they aren’t really LP’s at all, they are

market makers trading against your order, and your buy/sell fill depends on

whether or not it helps or hurts their own trading book … if it helps, you get a

decent, good fill … and 2) if it doesn’t, you pay up Skippy and are gonna get

filled off the market by at least 0.1 PIPS … you might think this is splitting hairs

or is piddly shit, but in TRILLION DOLLAR+ PER DAY MARKETS, multiplied by

millions of accounts and millions more in trades, it matters.

By doing the opposite of this, doesn’t guarantee decent fills, but it does raise the

probability of getting them … if you consider yourself a scalper, and you’re looking

to book a profitable trade, you absolutely have to sell [liquidate] the spike higher

to get the best chance of a good fill near or at the top … ain’t nobody from the

scumbag bank is gonna send you an email and give you a heads up … if you

don’t liquidate on the spike, you are giving money away! … then, it doesn’t matter

what happens next … let it go … prepare for the next opportunity.

On the macro side, it’s pretty easy to point out scumbag bank LP’s fading order

flow, especially when there’s nothing going on, no news reports or econ data, no

FED Lounge Lizard Pie Holes speaking, or anything else for that matter in

markets spread across the trading spectrum … and we had that on Friday in FX

… any kind of breakout of traditional support / resistance lines on the m15, m30,

or h1, usually get initially faded by banks … simply buying a break of resistance

or selling a break of support will end up with losing trades … in order to break

this cycle, simply use the slope of the RM 1-4 on the m15 as your guide … if you

want to trade both long / short FX pairs, this will always have you on the proper

side for the easiest trade … the one caveat, is that when sentiment shifts, that

first move off the bottom UP or off the top DOWN, you’re gonna miss cuz of the

short lag … the tradeoff here, is that you give up those moves for plenty of others

where the corrective activity is short in time and scope and the trend continues

… get long too soon on the way down, and you know what I’m talking about

… after they club you like a baby seal at a Japanese whale hunt, and the losses

have mounted, it then turns and you don’t take the trades cuz of the prior pain

… by using the m15 RM slopes, you get to skip all that … IMHO it’s a decent

tradeoff.

On the other hand, you don’t get something for nothing in trading … and whether

you love to buy or love to sell, both sides have equal pain from the scumbag LP’s

in equal amounts … they favor nobody, as they hate all specs … so whether you

only want to be long EURUSD or USDJPY, or short EURUSD or USDJPY, you’re

gonna face the exact same problems … the benefit should be obvious, as rallies

and breaks happen all the time, and if you’re a scalper getting the best deal,

opportunities are almost endless during the trading day, FROM THE SIDE YOU’RE

TRADING FROM.

And if by chance you’re trading at some house where costs are higher,

sometimes significantly higher, you got to rethink your strategy cuz you are

giving money away for nothing … Fusion Markets, like many others, offer ZERO

spread trading in many FX pairs, with a $4.5 round turn commission … therefore

your cost is 0.45 PIPS … for pairs like EURJPY, GBPJPY, or AUDJPY that’s about

as good as it gets … you can’t sit there and then pay 1.5 PIPS and then say to

yourself it doesn’t matter, cuz it does … AT IQCENT, EURUSD has a total cost of

0.2 or 0.3 PIPS … I’ve been filled at both … USDJPY at 0.5 or 0.6 … the difference

between many houses will be the marginable leverage they offer traders

… IQCENT is 500:1 leverage for EURUSD and 300:1 leverage for USDJPY.  

 Directly below, the 20 Day Range MA’s for selected markets.

click on table to enlarge

This is “J-Hole” week … PMI’S and a slew of FED Lounge Lizards speaking this

week, and then on Thursday & Friday comes the J-Hole BS, with Spicoli the main

attraction on Friday morning … what happens with the ChiComs this week and

the implosion of their economy, particularly their domestic real estate problems

& defaults, will determine each day how “risk on / risk off” [RORO] is traded and

sorted through by markets … so far, their response has been described as “timid”

… what markets want to see is a massive liquidity infusion, but so far that’s a

pipe dream … the PBOC YUAN fix each night around 9 PM EST, gives a decent

idea of what they’re thinking … the last 2 days has seen the fix much stronger

than usual, a signal of the ChiComs intent on telegraphing their displeasure at

a fast devaluation, and that intervention remains viable … will that still be the

case this week? … in any event, if USDCNH breaches 7.35 to the upside in any

meaningful way, and rates go higher in the U.S. as well, things could get very

ugly in thin end of August markets, especially EURUSD  and USDJPY

… 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