FOCUS ON TRADING NDX100 … THE WORLD LOVES IT!

 

“If you can make $1, you can make a million more!!”

The CME routinely trades over 500,000+ emini NDX100 futures per day [$20 per

index point per 1 lot volume], and routinely trades over 1,000,000+ micro NDX100

futures per day [$2 per index point per 1 lot volume] … and it should come as no

surprise, this is the index futures contract that routinely gets the most volume,

having replaced the emini SP500 futures contract … but why would anybody in

their right mind trade futures in the U.S., when you can trade the CFD’s offshore

with so many more advantages? … 1) margin for emini NDX100 [20 * INDEX] =

$16,800 PER 1 LOT VOLUME … margin for micro futures [2 * INDEX] = $1,680

PER 1 LOT VOLUME … margin for NDX100 CFD at IQCENT = approximately $30

[1 * INDEX] [500:1 leverage for margin purposes] … “HOLY CRAP BATMAN,

WHAT A DIFFERENCE!” … 2) in the U.S., every trade monitored and tracked by

government with a 1099 attached to each trade and sent to the IRS … offshore

brokerage house? … “we report nothing and send nothing to nobody”

… think what you want, this isn’t my opinion, it’s simply a FACT.

The micro futures of course, the CME’s attempt to siphon off biz from offshore

houses, and since most traders in the U.S. are as bright as a 10 watt bulb, they

bumble and stumble their way to a host of problems offshore accounts don’t

have … my point here, is that the NDX100 should be one of the best indices for

excellent volume & liquidity, and the futures allow the house to hedge anything

you wanna do for a reasonable slippage off the futures … and with a 20 Day

Range MA of ~ 217 index points during the NYSE session [9:30 AM EST - 4 PM

EST … 6 ½ hour total], you get an excellent bang for your margin buck offshore,

without having to spend enormous hours in front of your screen … and at

IQCENT you have an excellent CFD with tight spread [AROUND 0.7 INDEX

POINTS DURING NYSE HOURS], no commissions, and no “PISS ME OFF”

slippage that I’ve experienced … definitely can’t say the same at Coinexx, where

the real spread isn’t that good, and the slippage is horrific … absolutely

GUARANTEED they’re gonna gut you like a fish for dinner on every buy/sell

you do.

So when Bitcoin slows down like it did today, although late breaking “blah blah,

yada yada” from the former head of the SEC that BTC ETF’s would become a

reality, sent BTC soaring over $800 … before that, though, it was a dead affair

… no worries, simply moved over to NDX100 and traded that market … pick

your poison, and always have a “Plan B” when a market dries up and goes

“sleepytime”.

I want to make sure readers understand the “UniFisher Transform” indicator

… it takes prices over a specified input period [I use 10 on the m1], and converts

them into a Gaussian probability curve. As a reminder, the normal bell curve

looks like this.

click on image to enlarge

Two [2] standard deviations [SDEV] from the “mean” [average] [“μ”] and your

price only has about a 5% chance of seeing a data point farther than 2 … using

positive for gains and negative for price going lower, on my m1 chart I place levels

2 and -2 with a dotted line on the UFT indicator … I don’t take buy signals of a lime

over red crossover if it occurs ABOVE 2, and I don’t take sell signals of a lime

under red crossover if it occurs UNDER -2 … furthermore, observe carefully the

rise or drop of lime versus red when in a position, cuz often times approaching or

hitting that level, price will stall and either flatten out or reverse, neither of which

is good for your position … and yes, when markets get moving very strongly,

readings can easily get above 2 or below -2, especially in Bitcoin, but they won’t

stay there for long before coming back to “normal” readings below 2 or -2.

In other “Special Trading Algorithm v2” news, over the next couple of weekends,

I’m gonna be expanding the support / resistance bands  of the different “Risk

Models” [RM] where appropriate, AND create a “slower VIX model for RM = 1 -4”

to go along with the current setup … e.g., “Stock Bellies” have been particularly

slow lately, having lost quite a bit of value in the 20 Day Range MA versus months

ago when they were 50%+ higher … the RM=1 for the NDX100, which under

normal conditions would be hit at least once or twice a day, is currently too fast

for current trading conditions … therefore, it needs a slower VIX RM to deal with

generally lower VIX we’re seeing now … this upcoming weekend I’ll be doing FX,

specifically YEN, but relatable to other FX pairs as well, and creating a normal &

slow VIX set of models … I’ll do the same for “Stock Bellies”, and try to get to

crude oil, gold & silver … I’ll then post to “Download Links” a file directory with

all of the mql4 files for each market, for easy download of the ones you want

… THIS WILL GIVE YOU MAX FLEXIBILITY IN YOUR OWN TRADING!

… stay tuned! 

Turning to today’s “Slots-A-Rama” kabuki inside the world’s most corrupt

casino, another blitzkrieg today LOWER in USDJPY, as long position holders get

the wood put to them by the banks … more and more sell stops getting hit, and

who do you think is doing the pushing? … rates ain’t going that much lower to

justify this, so IMHO it’s all order flow… tomorrow sees U.S. CPI inflation numbers,

so I would imagine at some point today there will be a push higher in USDJPY to

cover recent heavy drops lower, or at the least some useless sideways movement

that the U.S. session is becoming known for … nothing but money laundering on

this side of the globe … so, we’ll see cuz it’s very early yet.

The sun barely up in “Biden’s Gulag” [a/k/a New York], and already USDJPY acting

like a psychotic teenage girl on meth … let the chop commence! … and as the

scumbag New York banks take over, it only gets worse into the London Fix and

after … and the excuse will be, everybody and their pet monkey positioning for

tomorrow’s CPI … what a bunch of horseshit … it’s ALL nothing more than banks

scamming order flow and handing out slippage … “it’s been a while since I was

in B-School … do they teach this “Scumbaggery & Fuckery” in B-School yet?

… asking for a friend.”

About a 500 PIP straight down “clean the order books out” of long position

holders in the last 4 trading days … a perfect time for the BOJ to intervene and

add to the pain, but they didn’t … why not? … good question … maybe cuz they

know rates ain’t going down that much and they don’t want to use up “Ammo”

until it’s absolutely necessary? … you think they don’t already know U.S. CPI

from Spicoli or one of his Hacks? … and while the world is waiting for a softer

CPI print, and positioned thus so, what if it ain’t? … this inability to “stick it” to

YEN shorts and add to the gross pain of the YEN crosses tells me a lot … BOJ

silence is deafening.

And I’ll just add, to the markets in “Stock Bellies” and FX at IQCENT, the

marginable leverage they demand for positions in “Stock Bellies” [DOW30,

SP500, & NDX100] is 500:1 … over in FX, USDJPY & GBPUSD [Cable] are at 300:1,

and EURUSD IS AT 500:1 … you can make any market at IQCENT behave like

Bitcoin on steroids cuz of the marginable leverage available to traders … you can

be as aggressive as a “Kamikaze pilot” or as conservative as a “Church

Accountant” … you decide, not some fucked up exchange like the CME which

dictates leverage and margins and favors bigger traders.

STIRS staying “sticky high”, and after early moves towards 140, USDJPY has

stabilized and rallied a little on the 2 YR. T-Note yield inching higher from earlier

levels … “hey, we’re all interest rate traders don’tchanow?” … yield up to 4.88%

as the NYSE opens.

NYSE opens and we get the usual money laundering bullshit and the feeding of

the Chipmunks [mutual funds & hedge funds who have to buy in the first 5 - 10

minutes] … this is to insure against “fraud” between bank desk traders and large

funds … “yea right, how’s that workin’ out?” … what a FUBAR joke! … well, that

feeding went well didn’t it [NOT]! … and then here comes the second wave of

Chipmunk feeding … and yes, they’re hungry for fills most days! … we got an

approximate 63 index point range in the NDX100 here at the NYSE open … plenty

of room for action dead ahead! … and while BTC sits and diddle farts around,

“The Syndicate” finds itself looking at the NDX100 … if there’s a more corrupt

group of markets worse than “Stock Bellies”, I sure as Hell ain’t seen it … and

this “feeding” takes USDJPY higher on hopium cuz “Stonks” are rallying.

The speed at which USDJPY panics is something to behold … up or down, the

panic is roughly equal in scope … it’s not enough in traditional markets for a

long position to have the 2 VIDYA lines be LIME & AQUA, you also need a

correction down, so that the UFT [ALWAYS under 2] sees LIME GO OVER RED,

and price stays higher so that the 2 VIDYA LINES DON’T CHANGE COLOR … and

today, you see that once USDJPY hit its high around 140.900 and change, it was a

slide down for 3+ hours without the condition I just wrote about coming about

… now, this isn’t the case in BTC, cuz BTC is pretty much always bat shit crazy

[BSC] and you need to trade it IN THE DIRECTION OF THE PANIC … I’m still not

entirely sold on the fact that the USDJPY run higher is over for this cycle … more

rate hikes to come, and there’s no indication from the Lounge Lizards that “higher

for longer” is anywhere near over … nor is there anywhere any indication that the

insane BOJ will ease up on the monetary gas pedal anytime soon … and while we

can get “flushes of the toilet” to work off excess positioning, that doesn’t mean it

makes sense just yet to switch sides and take short position trades over long

position trades … CPI will give hints, and we get one tomorrow … if it ain’t super

soft and beating consensus on the downside, I expect “buy the rumor, sell the

fact”, and USDJPY rallies … we’ll see … but in any event, I will trade what I see,

not what I think!

Only 1 decent long algorithm trade today in USDJPY … PAMM UP

FRACTIONALLY … over in crypto land at IQCENT, I switched out of the NDX100

after the insane NYSE open, and went back over to BTC … “The Syndicate”

doing multiple trades today, and we’re UP approximately 0.4% … got out a little

too early on some nice runs, so I’m a little disappointed … onto tomorrow!

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

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

-vegas

CHINA SLUMP, USDJPY DUMP

 

“ A truer trading “rule for profit” you’ll never find or discover!!”

And just like that, more or less 10 trading days of up moves, only takes 3 trading

days to wipe it out … I said last week, that when USDJPY couldn’t vault 145 on

the highest STIRS seen since 2007, and instead moved slightly lower, that

maybe, just maybe the run in USDJPY is over for now … cuz what shoulda

happened didn’t! … and while your brain is saying be long USDJPY, your eyes

are sayin’ and seein’ something entirely different! … as a position trader, it’s a

very nasty problem to overcome … as a scalper, each day is its own “bull / bear”

market and nothing else matters except what the chart is showin’ you.

I noticed last week and observed over the weekend, that as far as the non dollar

crosses are operating, the paradigm for any of ‘em seems to me to be shifting to

much lower ranges and VIX … and since the world trades mostly the YEN

crosses, as I’ve said before on the blog, the other central banks of the world

appear to be silently supporting the BOJ and not allowing the VIX we would

normally be seeing to occur … pre 2008 financial crisis, Cable / Yen enjoying

300+ PIP ranges almost every day … now 15 years later, we’re lucky to see the

20 Day Range MA at around 150 … and a lot of that coming on “opens” for the 3

world sessions, or on economic reports that can’t be captured cuz they happen

in microseconds … take those away from the equation, and Cable / Yen is lucky

to see 100 - 110 PIPS from any kind of normal trading environment … adding

further insult to injury, the present day “risk on / risk off” [RORO] horseshit that

comes from the ChiComs at the start of every single frickin’ day, sees dollar

pairs  moving together as a block, much more than in previous years and

decades where USDJPY would almost always move contra the other dollar

pairs.

ChiCom deflation the “meme dujour” … and suddenly, and by no means a

coincidence [just like last time USDJPY went bat shit crazy (BSC) to the upside

in 2022], the banks get saved with massive USDJPY selling that seems to have

come out of nowhere … and the long positioned specs, are getting hunted by the

“Elmer Fudd banks” … and through all of this, the better pair to trade is USDJPY

and not GBPJPY … starting tomorrow, USDJPY becomes “home”, as

“gap trading” in Cable / Yen gets ridiculous … just too many algo signal

opportunities getting blown through that would have seen us get hosed by

multiple PIPS … what does a higher range mean if you can’t get the trades you

want when you want them? … you want to buy it at 15, and it’s at 23 before you

blink your eyes … well, the “gap trading” in USDJPY not nearly as bad as it is

in Cable /Yen … so whatever of the 3 pairs has the higher 20 Day Range MA

[EUR, GBP, JPY], I’ll trade that for the PAMM … no trades today for the PAMM

… we’ll pick up USDJPY for a little bit in Asia tonight, and then hit it harder

come about 5 AM EST.

Over at IQCENT, with BTC stuck in mud, a very quick change over to NDX100,

where the action picks up with the criminal money laundering NYSE open … and

the “Special Trading Algorithm v2” working perfectly in this delusional tech index,

where BTFD-ers are always lurking to send it higher … we just have to be a

microsecond faster than the Newbie Chumps using traditional indicators to call

for a move higher … and cuz it’s the world’s favorite tech index, they show up in

droves! … “The Syndicate” UP APPROXIMATELY 1.2% … onto tomorrow! 

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

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

-vegas

FOCUS ON ETHEREUM

 

“Ethereum is a great crypto trading pair!!”

Bitcoin gets most of the press and attention, but Ethereum [ETH] is right up there

in terms of DEFI importance, development, structure, and functioning of APPS

that are being developed as I write … and at IQCENT, trading ETH gets you the

same superior conditions that Bitcoin gives you ,,, viz., 1 penny bid/offer spread,

no commissions, and NO SLIPPAGE ON FILLS … yes, markets move, and if you

buy on the way UP or sell on the way down, your fill is gonna be not where you

wanted it to be … but! … and this is a “bigly & yuge” but, you aren’t gonna get

the horrific slippage you would get if you were at Coinexx or some other houses.

Standard “gas fees” [commissions] now run 0.06% per side, unless you do

large volumes … do the math, and at current prices for ETH, that comes out to

about $2 in commissions each time you trade … at IQCENT IT’S 1 PENNY, WITH

NO COMMISSIONS … you aren’t gonna get penny-for-penny movement with ETH

at Coinexx, Binance, or Phemex, unless the market is unusually active, but you

ain't payin’ full boat retail spec commissions either … so just like Bitcoin, you can

profit while others gotta wait to escape the spread … this is a huge advantage!

… and just from my, as well as “The Mrs.” & Miss Gimpy’s [who btw have

become excellent scalpers in their own right] experience trading crypto at

IQCENT, I’d say roughly 80%+ of trades are inside the spread of mainstream

crypto houses … and don’t think the “arbs” [arbitrageurs] & whales don’t know

this cuz they most certainly do … the army of specs that are waiting for $30 - $50

moves in Bitcoin so they can scalp, find out real quick the market can “hit the

wall” with either support [going down] or resistance [going up] against their

trade … and it’s EXACTLY THE SAME SCENARIO IN ETH, ONLY

PROPORTIONAL!

The special trading algorithm I developed for “The Mrs.” & Miss Gimpy, I’ve

added a new feature … I think most people will find it very helpful cuz it pinpoints

key Gann “Square of Nine” [SO9] support / resistance “ zones, where price can

be expected [in a probabilistic sense] to either find support and move higher, or

find resistance and move lower … all of this in a “Volatility Matrix”, where you

can change the VIX settings “on the fly” as the market exhibits higher or lower

VIX trading … these are known as “Risk Models” [RM], with each RM having 3

zones … about 90%+ of the time you’ll be in RM=1 mode, and unless some big

news drops that “bigly & yuge” affects price almost instantly, over 99.9%+ of the

time the 4 RM’s will model the market … you can also use the higher RM’s for

longer time periods on your charts, e.g. m15, m30, h1, and/or h4.

Simply think of this as an “upgrade” of the “Special Trading Algorithm” … I will

publish the Adobe pdf manual this upcoming weekend with the Sunday blog

update, which will explain all of this in much more detail … parameters for

GBPJPY, BTCUSDT, ETHUSDT, & XRPUSDT will be in the manual … I include

Ripple [XRPUSDT] cuz both “The Mrs.” & Miss Gimpy watch & track it, and on

occasion will trade it … IMHO, once the idiotic lawsuit the SEC has against

Ripple is finished, this coin will explode higher … that could be tomorrow or in

years, who knows? … more than likely, a meaningless settlement will happen

so that the SEC can save face and not look like total Fools that they are

… government, whaddaya gonna do? … the punishment is the process.

Turning to today’s “Slots-A-Rama” inside the world’s most corrupt casino, it was

nice of the ChiComs to take the sell stops out of GBPJPY wasn’t it? … then turn it

around while we all sleep and here we are right back to where we were late

afternoon yesterday … thanks guys! … and as I write, BTC just got monkey

hammered and we had a move down to the RM=4 level before temporary support

was found, then another break down to RM=3, where it touched and rocketed

… like I said, a beautiful aid in highlighting support / resistance so no matter

your position you can make a very intelligent trading decision as to when to

liquidate … well, this day should be interesting!

Jobs claims a nothing burger, but ADP with a blowout surge in employment

… thank you Chili’s & Applebee’s! … Coinexx LP’s with their usual bullshit

spread FUBAR in Cable / Yen … can’t do anything ‘til this horseshit ends

… what greedy assholes!, and don’t anybody give me any of this bullshit of

“DUH!, market conditions, DUH!” … ain’t buyin’ any of that propaganda … STIRS

going bat shit crazy [BSC] to the upside, with the 2 YR. T-Note now at 5.08% [on

its way to 5.20%, a 16 year high], a 2023 high … higher for longer, and that’s

weighing mightily on Bitcoin and other crypto.

Meanwhile, all of this monkey hammering of crypto, including ETH, sees the

Coinexx ETH bid/offer spread balloon out to over $2 from around 30 cents … it’’s

why you don’t trade ETH here [OR ANY CRYPTO FOR THAT MATTER], cuz THEY

ARE THIEVES! … THEY STEAL FROM YOUR GAINS AND THEY ADD TO YOUR

LOSSES!

Today is exactly the kind of day where many will find trading ETH superior to

BTC … some great scalping action, and it doesn’t matter which side you’re on

cuz they are both working excellently via the algorithm … the primary advantage,

IMHO is that you can hold onto gains longer in ETH looking for better pricing

… that isn’t to say ETH can’t hurt you or move fast, cuz it can in spades … but

relatively speaking compared to BTC, on days where SHTF about every minute,

I can definitely see why many would want to trade ETH over BTC … and the only

place to trade it with a 1 penny spread is IQCENT WITH NO COMMISSIONS.

For those keeping score at home, let me recap the day in Cable / Yen … straight

down, straight up, straight down [almost back to the low but not quite, rally into

the middle … there you have it … and if ever there was a day for the BOJ to

intervene, today was it, as STIRS hit 17 year highs in yield [2 YR], and the cross

got everybody and their pet rabbit long in the upper 183’s, but couldn’t break 184

despite repeated attempts … perhaps the BOJ Apparatchiks know something

about the payroll numbers tomorrow? … higher rates to come? … we’ll see

… what a FUBAR day, as the real trading came about in the Asian session and

early European session … after that, as has become the norm, nothing left for

the U.S. session except shit … no trades for the PAMM today in GBPJPY, but that

will change starting with tomorrow’s trade {maybe] pre NFP, but most definitely

post NFP … the updated special algorithm aid working exceptionally well, and

giving better information than before … what’s not to like?

I’ve never seen 2 women in my entire life more “giddy” over a market that got

creamed lower, than “The Mrs.” & Miss Gimpy on being short Bitcoin today for

most of the day … some great trades from the short side, with the ADP blowout

number providing fuel for the decline … a shipload of trades for “The Syndicate”

in BTCUSDT, and we’re UP APPROXIMATELY 0.9% … not the easiest of days to

make coin from the long side, but as usual the market gave us our opportunities

… onto tomorrow!

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

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

-vegas