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

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

A JAMMED PACK WEEK OF ACTION … BUT NOT TODAY

 

“Did you notice we just went through “Pearl Harbor II”, 82 years later!!”

The day after NFP bullshit, is historically one of the worst trading days of the

year, and that’s cuz there is literally nothing on the docket to report … however

the rest of the week is a veritable “newsfest” of central bank interest rate

decisions, and econ reports, starting with CPI tomorrow … and having said that,

overnight some excellent trading action in both USDJPY & crypto … of course,

with nothing going on for a Monday in New York, it’ll be more than likely

“shitsville” to the close.

I smell bullshit! … Ueda of the BOJ lets loose a nuclear weapon on USDJPY on

Dec. 7 … “a day that will live in infamy” … true, but with today’s modern sad

sack Sheeple, 90% of ‘em think history started the day they were born … and it’s

pretty plain to see if you’re paying attention, it was done on purpose to start a

spec community avalanche of sell orders from over leveraged long position

holders …. Mission accomplished! … then last night, Dumbberg in a

pre–planned report, says  that “people close to the BOJ” [what a fucking joke]

are stressing there’s likely to be no change in policy in the short term … well,

isn’t that convenient? … and right there is your pre-planned financial

“Pearl Harbor II”, where all the right people and institutions get to buy USDJPY

“cheap”, and 48 hours later sell it 400 PIPS+ higher … “Merry frickin’ Christmas!”

… you’ll never hear this from the MSM financial “in the tank” North Korean

hacks at CNBC, cuz whoever brings it up will be working at WalMart in Wyoming

as a “greeter”, their career in financial “journalism” being over

… just ask Kathleen Hayes!

Turning to today’s bag of flaming shit, inside the world's most corrupt casino,

crypto & USDJPY with nice moves in the overnight session … gold gets

monkey hammered again, it’s got no place to go with interest rate cuts

OVERPRICED TO THE MAX FOR 2024! … implied rate cuts got so hyped to the

upside from a week ago, and now they’re coming down, but they got a ways to

go before they hit reality, and that spells trouble for gold … which we’re seeing

today down into the 1970’s … IMHO, it’s gonna be a while for gold to get its

“rally legs” back … until then it’s “dead trading money” from the LONG side.

Then there’s USDJPY, where “Pearl Harbor II” got successfully executed to

perfection within 48 - 72 trading hours, and all of the position players in “spec

land” got their battleships sunk, while all of the “right” people who are

connected to the BOJ via some channel, got the X-Mas gift of the century so far

… so with an approximate 180 PIP range for the day coming into the New York

session, isn’t it wonderful they can put together a session with about a 25 PIP

range [50 if you count 1 trip to the high and 1 trip to the low, but for most of the

day it was around 25 PIPS with “bigly & yuge” bullshit chop]?

But, it’s Monday after NFP, historically one of the worst trading days of the year

with ZERO news of any kind in the New York session, and I don’t care which

market you look at … all that will change tomorrow I can assure you with the

week getting going with CPI coming at 8:30 AM EST, and every day this week

there is market moving news flow … No trades in the PAMM today in USDJPY

cuz there’s nothing to do … yes, you can get a signal trade for very smallish

PIPS, but for the most part, algorithm parameters are flat, so where's the wind

at your back? … we need “slope” in the TEMA & SMA, and it would be nice to get

some volume … as for “arb scalping” USDJPY in this chop, fugetaboutit!

… there isn’t enough movement by anybody to the premium necessary for

an “arb scalp” trade.

Seeing this bag of shit on fire early after I hit my screen this AM, I notice crypto

is getting mauled across the board … MATICUSDT with a “bigly & yuge” range

of about 1400 ticks, which suggest “arb scalps” will be there … and boy were

they there in droves! … I had a boatload of “arb scalps” that looked like the one

below … this was just one of many, but typical of the day.

I had the Phemex platform minimIzed overlaying the IQCENT PLATFORM … all

I had to do is move my eyes about 2 inches to know where everything was at

price wise … today, saw the “basis” in MATICUSDT between about +30 PIPS

PREMIUM to at one point of over -40 PIPS DISCOUNT … that’s a pretty fat range!

… with a veritable shipload of MATICUSDT “arb scalps”, "The Syndicate" UP

APPROXIMATELY 0.8% on light volumes … I don’t plan on being over in crypto

the rest of the week, but when USDJPY literally slows to a crawl and the

movement & ranges are pitiful, AND crypto is moving heavily somewhere, I’ll

switch to crypto and look for the most volatile pair that makes sense … I traded

light volumes cuz with a 1400 tick range coming into the session, where the Hell

is that going to expand towards? … right, a very, very high probability the range

doesn’t get extended,  AND IT DIDN’T … so while the volatility [VIX] is there cuz

the day’s range is 1400, it’s most likely gonna be “high range chop”, and that’s

exactly what it did with 150 tick movies up & down several times … onto

tomorrow in USDJPY.

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

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

-vegas