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

SUNDAY UPDATE: FOCUS ON SCALPING

 

“Which life do you want? … for me, it was an easy choice to make!!”

It was NEVER a hard choice to make … there were soooooo many impediments

to trading decades ago, and cuz of the cost structure before online, internet

trading took off in about 2002 - 2003 [that’s 20 years for you Biden voters], it was

difficult to get going with a trading career … fast forward to today, and those

“hurdles” have disappeared entirely! … IT’S NEVER BEEN EASIER TO START

TRADING AND MAKE IT YOUR DEFACTO CAREER CHOICE! … literally anybody

who can follow directions [yes, I know, that eliminates a lot of people], and has

about $100 in his/her pocket, can do this … I understand & appreciate the fact

that the world ALWAYS has to have “worker bees” … “Indoctrination Camp”

[what used to be known as “colleges & universities”] trains you to specifically

be a “woke” worker bee, NOT A TRADER OR ANYTHING RESEMBLING IT, and

getting you financial freedom … today, I focus on scalping … not the only way

to get well off financially in this world, but one that 1) anybody can do, 2) need

very little money to start, 3) is THE EASIEST BIZ to set up and get going, 4) is

the most flexible for hours and requires ZERO employees, and really important

5) can be done “in the dark”, anonymously, privately, & securely, where nobody

knows what the Hell you’re doing, how much you’re making, where the money

goes or how it’s saved / spent / invested, all through the wonderful world of

crypto! … YOU CANNOT FIND ANY OTHER BUSINESS THAT OFFERS WHAT

TRADING OFFERS … ADD UP AND COMPARE THE “PROS & CONS” OF

TRADING VERSUS ANY OTHER BUSINESS, AND NO BUSINESS CAN

WITHSTAND THE SCRUTINY!

And that might be well & good you say, but where’s my “business trading

model”? … well, it’s right here in “Download Links” in Adobe pdf, “The Vegas

Super Scalper Trading Algorithm V3”, along with ALL of the appropriate mql4

code files you will need for any market, that you install into the MT4 to complete

the algorithm  … in today’s update, I’ll show you why I think EURUSD is the best

scalpers market going, where to trade it and why, as well as compare it to other

markets for evaluation … ultimately, the choice is yours … I’m not your MOM,

make your bed and sleep in it! … and whatever market you do choose to trade,

the “vegas mql4 code” that needs to be installed into MT4 [live or demo it

doesn’t matter] for extremely important “support / resistance” levels you won’t

find anywhere else, will guide you to profits … if you can follow directions,

you’ll profit … if not? … good luck.

How do we compare different markets for “scalp effectiveness”, so that we’re

comparing “apples to apples” … well, a good way is to take the total cost to trade

a market [excluding slippage] and divide it into its respective 20 Day Range MA

… think of this number as an index of how easy it is to get profitable in a scalp

[the HIGHER the number the better] compared to other markets via a volatility

comparison … directly below that table for volatile markets you would consider

scalping if conditions were right.

click on table to enlarge

Please, study this table carefully cuz there’s a ton of information from it that can

be gleaned with just a little critical thinking … yes, EURUSD [under IQCENT

conditions] has the highest index number … it’s simply the ease to which you

can get profitable in a scalp, based on conditions … as we all know, EVERY

MARKET HAS WARTS, ZITS, SCARS, and nothing is perfect … all the values in

the table are for markets that have the BEST CONDITIONS [meaning total lowest

cost to trade] … since we’re all here to make money and not give it away to

scumbag bank LP’s and their BFF brokerage house Pimps, over time it’s

important to your wallet to trade where you make AND KEEP the most money

… I didn’t include crypto in this table cuz the conditions there [BTCUSDT,

ETHUSDT, & XRPUSDT] are simply ALM OST PERFECT and can’t be beat … the

problem with crypto, is that when trading action slows down [like it has now

… see the 20 Day Range MA for BTC & ETH … yuck!], at least in BTC the IQCENT

LP starts playing games with the bid/offer quote … sure, it could be 29201.00 bid

and offered at 29201.01, and you buy the 29201.01 price … the very next bid/offer

could be ± 50 cents, $5, $20+ and the bid/offer at someplace like Phemex for

BTCUSDT hasn’t changed one penny! … if it goes against you, and you bail with

a loss, it could come right back at the blink of an eye to where you got in, and

nothing happened except you lost money … when BTC isn’t moving much, this

happens a lot, especially when the client base gets too long or too short

… VIX isn’t gonna bail you out like it usually can when BTC is moving, but here

it ain’t moving and you could be stuck in mud for a very long time … unless BTC

has a 20 Day Range of $1K+, crypto is likely to be slow and choppy like I just

described it, and it’s time for “Plan B” … and by default, that’ll bleed over into

ETH & XRP unless there’s specific news that affects one or the other … but

when BTC is moving and the 20 Day Range MA is over $1K+, crypto conditions

are as close to “Hoover Dam” perfect as you’ll ever see them.

Currently, from this table we can see that USDCNH, gold, & crude oil are not very

good markets for scalping … that isn’t to say they aren’t good for day trading,

just that their respective index numbers are far below FX and “Stock Bellies”,

which have their distinctive “pros & cons” … e.g., trading the “Spoos” [or DOW30

or NDX100] is a 6 ½ hour total day, which is the NYSE cash hours … at 0.3 index

point spread with no commission, this is only 0.05 index points over futures

minimum tick at the bid / offer … that’s as good as you’re gonna get for LOWEST

TOTAL COST, especially at a NO KYC brokerage house like SIMPLE FX [deposit /

withdrawal in crypto] … a slightly longer New York session day for dollar FX pairs,

but quite a few more potential opportunities for buy/sell scalps IMHO … bottom

line is it just depends on what your preference is for trading, knowing with

“eyes wide open” what your alternatives are and whether or not you’re making a

good, informed decision … I’ll add also, that trading FX crosses [e.g., EURJPY,

GBPJPY, etc.] at a house like Fusion Markets, where the bid/offer spread is close

to ZERO, or maybe 0.1 or 0.2 PIPS, when you add their commission rate of $4.50

[0.45 PIPS] comes close to what Cable or USDJPY trades at for total cost, but has

significantly higher 20 Day Range MA’s, could also be a good choice for scalping

… unfortunately, IQCENT LP’s in FX don’t carry over the “best conditions” you

see in the “Big 3” dollar pairs to FX crosses … both EURJPY AND GBPJPY are

both well over 1.5 PIPS for spread with no commission, and that alone

disqualifies them from scalping.

I’ve stated before, and I’ll say it again, IMHO I don’t think anything beats the

“vegas mql4 code” for support / resistance in identifying in real time areas to

buy/sell and liquidate positions FOR MAX PROFIT, and/or potentially “buy the

bottom” or “sell the top” zones, for 4 different volatility levels that can be

changed to fit trading conditions “on the fly” … if you find one, let me know,

cuz I’d love to see it … and to that end, today I’m adding “vegas mql4 code” for

STOCK CFD’S … this specific mql4 code is for STOCKS THAT HAVE A 20 DAY

RANGE MA OVER $7 … the high flyers that fit this bill now are NVDA [NVIDIA],

NFLX [NETFLIX], ADBE [ADOBE], MSFT [MICROSOFT], & TSLA [TESLA] … the

spreads are small enough, the ranges large enough, there’s enough in these to

trade ‘em … to give you an idea how good the V3 algorithm models these stocks,

directly below Friday’s day [9:30 AM EST - 4 PM EST] IN NVDA.

click on any chart to enlarge

If you’re an individual “Stonks” trader, trading the CFD gives you 1) both long &

short capabilities, 2) trade in 1 share increments, and 3) get much higher leverage

than trading the actual “Stonk” … as long as the volatile stock has a 20 Day Range

MA OVER $7, you’re good to go … NVDA currently has a 20 Day Range MA

of ~ $14, NFLX ~ $12, ADBE ~ $11.50, MSFT ~ $7.80, & TSLA ~ $9.50 … pick your

poison!

I’ve done some restructuring over in “Download Links” … the mql4 code is

segregated into 3 groups … 1) “VEGAS SUPER SCALPER TRADING ALGORITHM

V3 mql4 code” … this has VIDYA CMO1.1, Uniform Fisher Transform [UFT], and a

spread indicator you can put on your MT4 screen if you desire … 2) “VEGAS

STOCK CFD & STOCK INDICES mql4 code” … by default, the stock CFD is for

dollars and cents, thus 2 decimal … by default, if not mentioned, the stock index

is the most popular index quoted on MT4 platforms … other decimal formats are

shown if your MT4 supports them … 3) “VEGAS CRYPTO GOLD CRUDE OIL FX

mql4 code … by default, if not mentioned, each is the most popular quoted on

MT4 platforms … e.g., in FX it’s 5 decimal format for dollar pairs, and 3 decimal if

appropriate for crosses, otherwise 5 decimal format.

If any code doesn’t work for your particular MT4 & specific market, email me with

details [e.g., which decimal format you use] and I’ll try and resolve the problem

ASAP.

Directly below, the 20 Day Range MA’s for selected markets … I’ve expanded the

table to include NY session ranges for EURUSD, GBPUSD, & USDCNH.

click on table to enlarge

Although I didn’t mention it, it goes without saying that wherever you trade, you

have to know your house and whether or not 1) they’re playing the scumbag

“variable bid/offer spread game”, 2) what kind of “Scumbaggery & Fuckery”

they’re trying to screw you with via the variable spread [watch it for 5 minutes to

see], and 3) ultimately how much it’s gonna raise yout cost to do business … as I

highlighted before, Coinexx is the defacto “KING” of variable spread bullshit, and

the horseshit they throw at you in EURUSD disqualifies that market for the PAMM

… and they do it in the other FX pairs as well … what good does it do to quote a

bid/offer spread if you ain’t gonna ever get it!? … at IQCENT, I know I’m gonna get

the bid or offer when I click the button in EURUSD, USDCNH, OR CRYPTO … while

there might be a change in the bid/offer in faster moving markets, at least I know

I’m not gonna get stuck with bullshit, off the market slippage … do the math

Skippy … trades per day * money saved = end of year big bucks in your pocket

… 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