PROPAGANDA ON STEROIDS

 

“And here I am, spreading truth over propaganda every single trading day!!”

The 3-ring shitshow circus of central bank lies & propaganda, followed by math

whiz kids who can’t find a job in the private sector so they show up in

government, comes to an end today [for now] with the biggest propaganda pile

of horseshit known to mankind, in the form of NFP Idiocy … yes, the Dept. of

Unicorns & Fairy Tales has worked so hard this month to come up with more

new lies heaped upon old lies, just to keep the fantasy alive that the U.S.

economic picture has a pulse … where that pulse is, nobody really knows, cuz if

it wasn’t for part time jobs at Applebee’s & Chili’s waiting tables or serving

drinks, what would you think reality would look like?

Right now, if things are so good as Creepy Uncle “Taliban Joe” reminds us, how

come the Banana Republic is running $2 TRILLION DOLLAR DEFICITS? … when

the depression comes, as it surely will, what happens with $5 TRILLION DOLLAR

DEFICITS? … Grandma Yellen’s treasury dept., has already admitted that in

2 years WITH ROSY FORECASTS, INTEREST ON THE NATIONAL DEBT WILL HIT

$2 TRILLION DOLLARS ANNUALLY! … that’s what “they admit to” … imagine

what the real numbers will be if the rosy forecasts are in “error”? … and how the

fuck does that ever get paid off without hyperinflation, somebody in Libtard

Nation enlighten me? … and in the midst of this, the ChiComs are flooding their

system with printed Yuan, and the idiots over at the BOJ are about to lose total

control over the world’s largest pile of stinking debt, with YEN DEBT IN THE

QUADRILLIONS, all at super low interest rates that are now creeping higher! 

And since I’m your “truth detector”, here’s some advice … “GOLD / SILVER /

CRYPTO [BITCOIN] is your financial salvation in coming weeks / months / years,

and you need to get your wealth OUT OF THE BANANA REPUBLIC ASAP, before

they either outright confiscate it, or tax it to death, and leave you financially

ruined cuz you have one more penny than somebody else … that they will do it,

there’s no doubt, it’s only a matter of “WHEN”, NOT “IF”! … there is no way out

of the “death spiral” the Banana Republic is in, only hyperinflation or

confiscating your wealth … and they won’t give you any warning when it

happens … remember, “it’s better to be 10 years too early, than 1 day too late!”

… if you’re late, you’re screwed!

Well now, that escalated quickly didn’t it? … misses all around to the downside

for the data, and it’s clear that rate hikes from the FED Lounge Lizards are

O.V.E.R.! … question is, with fiscal policy of the Banana Republic a first class

train wreck, and Treasury borrowing headed to the stratosphere, can rates go

lower and dollar FX pairs go higher? … we’ll see, but it sure looks like

uncertainty is likely to prevail for the foreseeable future.

Upon “Homer Simpson” reflection and “deep thoughts”, it’s pretty clear I made a

mistake … yes I know, hard to believe and all that, but the data doesn’t lie … quite

frankly, all of the crosses are “not so great” places to either scalp or day trade,

you’re better off simply trading the dollar pairs … it used to be certainly before

the 2008 financial crisis, and then placed in permanent stone on one of Moses’s

tablets after the great EURCHF debacle on January 15, 2015, that central banks

sang their own song on monetary policy … immediately following 1/15/2015 that

changed, and outside of the nutjobs at the BOJ, every other central bank in the

world started singing from the same hymnal … EVERY SINGLE ONE OF THEM!

… as a result, VIX collapsed, ranges dwindled, and the nature and scope of FX

trading changed forever … one of the biggest changes came about in the non

dollar crosses, where before 1/15/2023 4 out of 5 days saw both numerator and

denominator most likely go in opposite directions … now however, IT’S THE

EXACT OPPOSITE! … 4 out of 5 days sees a pair like GBPUSD be equal to or

exceed the range of any of the Cable crosses … and this leads cross traders

into a very big problem.

And that problem is simply this … what was once before, ain’t any more, and to

make matters worse, unless you recognize the switch scumbag bank LP’s are

gonna feast upon you as if your account was a free buffet! … 1) you got a higher

spread in the cross versus the dollar pair, yet 80% of the time you don’t get any

reward for that extra vig you pay … and 2) on average 4 days of the week sees

pathetic range in the cross, which leads to ever tighter scalps or trades in terms

of PIPS, and then when it explodes and surpasses the dollar pair, traders are

extremely hesitant to chase it cuz they know they’re pissing into the wind that

sees them not at a probability advantage … you end up cutting trades short in

order to make a buck, and then aren’t there when it explodes! … how on earth

does this help anybody?

Today a perfect example of this, where GBPUSD [Cable] has an approximate 200

PIP range [so far], and GBPAUD is sitting there with a 67 PIP range … WTF IS

THIS!? … well, both Cable & Aussie are moving together higher, and whatever

range in the cross comes about cuz the denominator influences the cross more

than the numerator … the other day, it was just the opposite, where AUDUSD

went up and Cable didn’t do Mr. Jack “Diddly” Squat … how many traders got to

capture that full ride on the trade pony? … my guess is “Hoover Dam” few!

On the surface, it would appear that EURUSD has the advantage over Cable, but

in watching both over time, IMHO EURUSD gaps more in price from bid to

another bid, even though the spread is slightly lower by a few tenths of a PIP,

than Cable … don’t get me wrong here, Cable has its moments, but on the whole

I think EURUSD is a somewhat rougher trade, especially when it gets moving

some … but even when it sits, the gap pricing is still there … DIRECTLY BELOW,

3 screenshots of GBPUSD from today in succession, the first from 14:00 server

time to 16:30 server time, the second from the NYSE open [16:30 server time] to

the London Fix [19:00 server time], and the third from 19:00 server time to 21:30

server time … the first chart has RM=1, RM=2, & RM=4 due to the fact that the

NFP comes at 15:30 and there was severe panic gap pricing upon release … the

other 2 charts I’ve left off RM=4 … from normal trading movements, unless there

are economic reports or “blah blah, yada yada” from central bank Apparatchiks,

99.9% of the time you won’t see any movement above RM=2 in any

significant way.

click on ANY chart to enlarge

Looking at these 3 charts, notice that I’ve changed the ZERO LAG STOCHASTIC

OSCILLATOR [ZLSO] overbought and oversold levels [yellow lines] to 100 & 110

on the upside, and 0 & -10 on the downside … this oscillator can go past 100 and

go under 0, and these levels reflect better overbought or oversold conditions

… this will be reflected in the manual as well … and looking at the day, how

much better can the algorithm be at calling the turns? … granted, Cable is putting

in an overextended range based on its 20 Day daily & NY session Range MA, by

a factor close to 100% … so this is kind of an outlier, but it gives a good look at

what happens when SHTF and market sentiment abruptly changes form 5 - 6

weeks of dollar buying and attempting to get Cable under 1.21 - 1.20 and failing,

and then catching everybody and their pet rabbit with short positions and

watching the carnage as that melts away “el quicko mucho” … the vast majority

of days won’t see RM levels get above RM=2 [up or down], and most of the time

RM=1 nails support and resistance to the barn door! … and as you can probably

guess, I’ll be back in Cable come Sunday night for Monday’s trade for the PAMM.

No trades for the PAMM today, I wasted too much time post NFP looking for

decent long trades in EURAUD … and outside of the first move from the

downside at RM=3, and the subsequent small rally, there wasn’t

Mr. Jack “Diddly” Squat for movement in the crosses across the board

[excluding YEN, which I want nothing to do with] … in retrospect, I’ve known

for a good long time that the dollar pairs offered advantages, but I thought

[wrongly] with a much faster algorithm in place we could get as many trades

… NOPE! … I’ll also be adjusting my trading times, and be at the ready just

after the European open … given the uncertainty of the FED now, war

everywhere, and fiscal irresponsibility a given, ranges should stay elevated

from where they are now and maybe expand some … in any event, it doesn’t

really matter cuz the algo uses “zero lag” with both HULL & EMA in the

computer code to give us the fastest change in order flow you can get … and

you’ll notice, that when the “zero lag MA” [ZLMA] period 96 is steel blue

[up slope], and the 9 & 19 ZLMAs are plum & aqua respectively, the market

rallies with few and far between red m1’s … sometimes 1 m1, maybe 2 m1’s

usually small in scope … and at the turn, the algo is very, very fast in warning

you to get out and liquidate, and come back later … flip it around and when

the ZLMA period 96 is pink, it’s mostly red m1’s down, and the exact opposite

occurs … this is not by accident, but rather it reflects scumbag bank LP

activity and how they fade order flow and screw specs … that’s why I say,

“the algorithm as presently constructed, makes the scumbag bank LP WORK

FOR YOU … let the “Hoover Dam” bank take it higher!, you don’t stand a

chance when you’re against them! … let them do the work … it repeats

endlessly, hour after hour, day after day, the same process at work to

separate specs from their money … don’t be one of ‘em!!”

Over at IQCENT, good scalping via EURUSD today, with a very robust 132 PIP

range … who do we have to kill to get this every day!? … “The Syndicate” UP

APPROXIMATELY 0.3% on very light volumes cuz I absolutely hate / detest/

stinkin’ NFP Friday’s with a passion … rarely does anything good come out of

any NFP Friday, but I have to admit this one was pretty good … next week sees

volumes go up, now that this shitshow circus of data & Apparatchiks is over

for now … I’ll have more on Cable via Sunday’s blog update, and I’m aiming for

a next Sunday release of the latest version of the scalping algorithm … it will be

more comprehensive in scope than prior versions with plenty of examples of

how I handle trades under varying circumstances … stay tuned!

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

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

-vegas

PATIENT BEAR

 

“The essence of successful trading!!”

We start off with a very basic premise, which is often overlooked by traders of

all experiences, no matter which market it is they call home … “what is the

“purpose” of patient bear sitting there? … is he trying to find a date? … is he

looking for a friend? … why is he just sitting there? … well, he’s sitting there

cuz he’s waiting to eat!” … so when you tell me you “trade”, what does that

mean exactly? … trade what? … how? … what parameters of price and TIME

do you use? … do you even know? … or do you just say, “I wanna make money

trading!?” … great, but that ain’t a purpose or a premise, THAT’S A

MANIFESTATION OF TRADING RIGHT … IT’S THE END RESULT, that’s all, and

it ain’t gonna get you to any finish line you’re gonna like!

The scalping algorithm, as currently constructed, will get you successfully to

the finish line! … meaning, it will make consistent money in whatever market

you're attempting to scalp, as long as you abide by the rules and choose markets

that can be scalped or maybe bleed over into what’s known as “day trading”

… some markets are better than others, and for sure some houses are better

than others depending on what market you’re trading … and then there are

markets that are a mess, cuz presently constructed and traded by LP’s that are

total thieves and crooks, and you are definitely behind “the eight ball” when it

comes to trading them … gold comes to mind quickly, but so do other markets

that have high spreads + slippage, and are inconsistent in terms of session 20

Day Range MAs or trading session “medians” that are vastly different in terms of

movement from the “average” … and lately, that spells Bitcoin and USDJPY,

where the “median” is quite far away from the “average” … from day-to-day,

you never know what you’re gonna get, a sleeping dead giant or a fire breathing

dragon Hellbent on destroying you with volatility.

Either this weekend or next, I’ll have a new scalping algorithm version manual

posted with all of the blog posts over these last weeks incorporating all of the

information into a Adobe pdf manual, for an easy read & implementation by

anybody that wants to make money trading … but remember, this is “scalping”

and/or faster “day trading”, which might be a little slower than a true scalp, but

that nonetheless will make you consistent money … this ISN’T POSITION

TRADING, OR SWING TRADING THAT LASTS HOURS … don’t make this “rocket

science” when it ain’t, and don’t slam round pegs into a square hole … this is

TRADE PARAMETER SPECIFIC, and if you can’t accept that, then don’t do it!

This is the easiest way I know of to make consistent money trading … the

hardest part is to pick your market [s] and the brokerage house, and to

understand how the brokerage house makes its money … trust me [I’m a

professional, remember?], it ain’t from commissions … all of these brokerage

houses pay anywhere from $15,000 - $25,000 PER MONTH FOR INSTITUTIONAL

FEEDS on the markets they offer … and they got to cover that each and every

month! … so you’re gonna sit there and tell me that $1 OR $2 commissions per

side per 1 lot volume is gonna make that up? … no, they either sell ALL client

information [except personal] to a bank or HFT for millions of dollars per year,

OR they have a side “deal” with one LP, where all fills are off the market and they

then get a percentage of said slippage from the LP, OR BOTH SCENARIOS

… IMHO, IT’S BOTH!, for the majority of offshore houses, where they are in

“friendly” domiciled jurisdictions where they can do whatever the fuck they

want, whenever they want, and no questions are ever asked or entertained

… I’ve already explained numerous times on the blog how IQCENT makes its

money as a brokerage house, and summing it up, IMHO they both sell customer

information [except personal details] AND get part of the slippage on fills when

their markets move … so, if you buy on an up green spike in EURUSD, you’re

gonna pay an extra 1 - 3 tenths of a PIP for the privilege, and if you sell on a red

spike down, you’re gonna pay the same 1 - 3 tenths of a PIP for the privilege

… nice work if you can get it! … but, if you use the spikes to liquidate in your

profit direction, you can reap this extra price and avoid paying the “tax” for

being wrong! … but you have to “ring the register” WITHOUT HESITATION, or

you pay the Piper! … and quite frankly, I’m pretty sure every other brokerage

house does this to one extent or the other in some way, so there’s not much

difference between offshore houses IMHO.

And while I’m not going to reiterate the components or the rules, cuz 1) I’ve done

so already in previous blogs, and 2) the soon to be manual will have them in

detail with examples, let’s take a “snapshot” look at different markets people

should be interested in trading … in succession, EURUSD, EURAUD, BTCUSDT

[NOTE: BTCUSDT has RM=3 on it as well], XRPUSDT, SP500, & NDX100, from the

NYSE open [16:30 server time] to Noon EST [London Fix] … AND THIS IS ONLY

2 ½ HOURS OF A TRADING DAY!

click on ANY chart to enlarge

All of these markets are on the MT4 at Coinexx, live or demo makes no difference,

with the appropriate “vegas mq4 code” for support [below price] and resistance

[above price] via 4 volatility levels, RM=1 [lowest] to RM=4 [highest], which are

ALL AVAILABLE IN “DOWNLOAD LINKS” for you to download and install on your

MT4 … all the charts for the markets listed above have RM=1 & RM=2 on the m1

candlestick, which will cover 99.5%+ of all market action outside of market

reports which may distort prices on gaps … EURUSD, BTCUSDT, & XRPUSDT

have the very best conditions at IQCENT … you can’t beat IQCENT FOR THESE 3

MARKETS WHEN IT COMES TO SCALPING! … PLAIN & SIMPLE, IF YOU TRADE

THESE 3 MARKETS ANYWHERE ELSE YOU’RE THROWING MONEY AWAY!

The others, it just depends on the spread, the commissions if any, and slippage

on fills … wherever you go, make sure you’re getting the very best deal the

market offers, otherwise don’t trade there.

Looking at the above market charts, can anybody beat the support / resistance

levels of RM=1 & RM=2, which by the way are all “Cardinal Cross” or

“Diagonal Cross” values on Gann’s “Square of Nine” [SO9], IN ANY OF THESE

VOLATILE MARKETS? … as I have repeatedly pointed out, these are not levels

to buy/sell for entry, they are levels for LIQUIDATION FROM THE PROFIT SIDE

OF THE EQUATION ONLY … and since I touched on the SO9, the ZERO LAG MAS

are 9, 19, & 96, which given the SO9, is shown below.

click on image to enlarge

A very nice triangle of support / resistance highlighted by this triangle among

“Cardinal Cross” and “Diagonal Cross” interplay … and this is the theoretical

premise on which the scalping algorithm is based, not something I pulled out of

my ass @ 1 am while talking with the dog [no offense Fido] and threw up against

the wall … there’s a reason why it works so well, and Gann nailed it about 110

years ago!! … [although, Gann was interested in hourly charts … but since

everything is fractal in nature & scope, it works equally as well in the m1

domain.] … as well, if you study these charts [I’m hoping you will], you’ll notice

that in strong uptrends / down trends, the ZERO LAG MA [ZL] needs more than a

few m1s to change slope trend … a weak trend, and the slope changes almost

immediately! … and as you’ve probably figured out by now, this 96 period ZL is

the basis for everything else in determining and making scalp trades, although I

make the case in the manual that’s coming, that for “Stock Bellies” it’s a little

different cuz of the “88/6/6” paradigm in which it operates and trades, the only

such group of markets that has this … I also make the case in other markets,

specifically EURUSD & EURAUD, or any other cross you’re looking at, that

trading both sides of the market makes sense when the 96 period ZL has a

strong slope either up or down … when the ZL slope is “flattish”, you have to

stick to one side of the trade or the other, you can’t go back & forth on your

scalps cuz you run the risk of getting chopped to death from the scumbag

bank LP.

When “flattish”, choose always long or always short, OR SIMPLY LEAVE IT

ALONE UNTIL A SLOPE SHOWS UP, and go from there … when the slope is

strongly positive or negative, go with the flow or sit out one side, the choice

is yours! … EURUSD specifically, is a scalper's dream when conditions are

right, and with NY session 20 Day Range MAs almost above 70 PIPS, the scalps

are certainly there!

I’m in my second day of getting my “sea legs” in EURAUD … can’t learn much

from yesterday cuz the session range was so big, it blew the range MAs out of

the water … Hell, anything almost works if you get enormous ranges, but the

consistency isn’t there, something the FX Apparatchik manipulators know oh

so well … get back down to the session 20 Day Range MA or lower, and it’s an

entirely different story in trading land … but I’ve seen enough to know, that the

algorithm presently constructed is as “good as it gets” in terms of calling the

shift in order flow that scumbag banks use to screw specs blind … and quite

frankly, if you don’t get them to work for you via the algorithm, they work

against you, and how’s that turning out for ya? … and the proof I’ve given you

over several markets is above! … of course, once a month we get the NFP

Idiocy, and about every 2 months we get that PLUS the central bank “trifecta”

of the FED, ECB, & the BOE with interest rate decisions … don’t care much for

the BOJ cuz they’re fucking insane, and the RBA does all of its shit during the

Asian session, so who basically cares? … AUDUSD is out of the way when

Europe opens, and they’re all asleep for the U.S. session, so there isn’t gonna

be any surprises from Aussie land. 

And right now we’re in the heart of data dumps & central bank bullshit, with the

Apparatchiks out of the way, and all that’s left is tomorrow’s math whiz kid lies

and bullshit via NFP to complete the circle … no trades today for the PAMM in

EURAUD, it was a day of study and preparation in this market, as we get ready

for tomorrow’s blitzkrieg and beyond … I like what I see and I like how this

market responds to the algorithm model … quite frankly, night & day different

from any of the YEN crosses, and yet AUDUSD in the denominator has enough

up/down to compete via the numbers with any other market, even YEN … not

that much difference, but a “bigly & yuge” difference in how they trade and react

to data, POL bullshit, and of course central bank Apparatchiks … over

@ IQCENT, some really good scalp action in EURUSD, and “The Syndicate” UP

APPROXIMATELY 0.4% ON LIGHT VOLUMES … come next week, after NFP

stupidity is over and done, I’ll be increasing my volumes for scalps @ IQCENT

… with ranges [both daily and NY session] heading higher, now that the FED is

generally believed to have finished tightening, it makes for “el mucho”

indecision in EURUSD … and we see that in the m15 and daily chart, where

one day you can’t get an uptick to save your life, and 15 minutes later it’s the

other direction where for hours it can’t go down 3 PIPS! … this presents

opportunities for scalpers, as well as dangers … the danger being if you get on

the wrong side of this puppy, it can go farther easier than you have money in

your account chasing it with losses! … the algorithm keeps you on the

“RIGHT SIDE” of the market for your scalps, and gives you the highest

probability for profitable trades, that quite frankly casinos in Las Vegas would

kill for … all the while, letting the scumbag banks work for you, NOT AGAINST

YOU! … onto tomorrow!

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

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

-vegas