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

CAN ANYTHING BEAT EURUSD FOR PURE SCALP TRADING?

 

“Pablo gets a case of the “sadz” when FX is closed … turn the machines on!!”

“NO”, if the trading conditions are right … and quite frankly IMHO, IQCENT offers

the very best EURUSD trading conditions you’re ever going to find! … PERIOD!

… yesterday was a good trading day for EURUSD … whether you wanted to be

long or short, there were ample opportunities throughout the trading day post

CPI … cuz here’s the deal … MARGINABLE LEVERAGE IS AT 500:1 … bid / offer

spread from about 8 PM EST / 9 PM EST - London fix [NOON EST] is usually 0.2

PIPS but could be 0.3 PIPS … NO COMMISSIONS … find me anyplace better?

… that’s 15 - 16 hours [maybe more] of the LOWEST TOTAL COST TO TRADE

ANYTHING ON THE PLANET … Fusion Markets offers EURUSD with ZERO

SPREAD [maybe 0.1 PIPS], but their round turn [RT] commission is $4.50 per

1 lot, and that’s 0.45 PIPS … IQCENT IS AT 0.2 or maybe 0.3 … so unless some

house pays you to trade EURUSD, and I don’t know of such an animal, how do

you beat this? … well, you don’t.

Granted, trading EURUSD ain’t “sexy”, and there are plenty of markets that

move faster, harder, and can make or lose you a bundle, but in a money making

environment looking solely at profit ain’t the optimal way to do biz … your

number one priority always has to be minimizing risk and not doing “stupid shit”,

and quite frankly the majority of the world can’t bring themselves to be

disciplined and show patience to save their sorry ass lives … from my years pit

trading back-in-the-day, even those dumber than a bag of carrots and considered

“1 lot pond scum” could make 6 digits trading and scalping 1 lots in the FX

futures … when I traded Swiss Franc, 1 PIP on a 1 lot = $12.50, and I paid clearing

fees of $0.89 with scratch trades free … in my wildest dreams I could never

imagine then what we see today … being able to trade EURUSD with a total

cost of 0.2 or 0.3 PIPS? … GTFO! … and yet, here we are … of course, you got

to have a trading model that works to perfection, and you have to have a

“scalpers mentality”, which can be summed up with one phrase … “take the

money and run!”

IQCENT doesn’t utilize the MT4 platform … they’ve got their own proprietary

platform that uses Trading View for charts … directly below, EURUSD from

Fusion Markets from yesterday, once the CPI report was released at 15:30

server time … the bid price is the closest to IQCENT EURUSD … the V3 Super

Scalper Trading Algorithm is on the m1 chart, and volatility levels RM=1, RM=2,

& RM=3 are up and running … please study the chart and read the commentary.

click on chart to enlarge

Even when EURUSD is slow and it appears nothing is going on, there are 5 - 10

PIP moves all over the place … I fall into this trap quite often, and I got to slap

myself back to reality and realize that pit trading from back-in-the-day quite often

appeared the same … of course it wasn’t, and I commented the other day how

you can take ANY MARKET and increase VIX via LEVERAGE, and with enough

rope at 500:1, you can be the next guy to try and walk on water!

But I want to strongly reiterate, that with the RM volatility levels [any of ‘em],

SLOPE IS THE KEY TO HOW YOU HANDLE LONG ENTRY INTO A POSITION … a

negative slope and I need to see some kind of failed double bottom, and with a

positive slope on corrective activity, I just need to get the UFT crossover to get

long … and the reason this is so important IMHO, is that when markets move

down many times you get the 1 or 2 “one hit m1 wonders” that make you think a

turnaround is imminent when it’s not, and they take away that little bounce in

brutal fashion while going lower still  … you end up being somebody else’s

“buy fuel” [i.e. the scumbag bank LP] … now, Miss Gimpy & “The Mrs.” argue,

that with EURUSD having a 0.2 or 0.3 total cost to trade, that first bounce can be

traded successfully for a scalp … and maybe for EURUSD ONLY this might be

the case … get caught in a 1 m1 rally that goes tapioca “el mucho quicko” and

you might change your mind!

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

this early AM in “Biden’s Gulag” [a/k/a New York], and you can sum up

everything overnight with the following … little appetite for anything, very tight

ranges, and everything today will revolve around U.S. PPI at 8:30 AM EST, what

“Stock Bellies” do, especially the NDX100, and what level of yield will the 10 YR

do throughout the day … up & until then, ain’t nothin’ gonna happen.

Whoops! … that escalated quickly didn’t it? … a miss to the upside, which

nobody was looking for … as analysts would say, “unexpectedly”! … well, that

puts an early damper on “risk on” … down goes Frazier … oil says, “meh, who

cares?” … 10 YR immediately goes to 4.12%+, and the darling tech “Stonks”

look vulnerable again … fasten seat belts … and the whole trading world holds

their collective breath and waits for “Stock Bellies” to open to see how bad the

damage is gonna be for the tech darlings and the NDX100 … some bullshit

casino isn’t it? … the Banana Republic is in the very best of hands

… Bwahahahaha!

Remember what I said about determining the “true bid/offer spread” at any

house … watch it for 5 minutes and keep track of the HIGHEST spread inside

that 5 minutes … “that will be your fill whether buying / selling, cuz they’re

playing fucking games trying to mask the true spread with something

completely bogus … and who’s the “KING” of true bogus? … well, it used to be

Turnkey, but since the merger with Coinexx, it’s now Coinexx … EURUSD today

playing the variable spread bullshit game with a 0.2 - 0.6 bid/offer spread, and it’s

been like this for hours, not just during the PPi report … so your fill is gonna be

0.6 PIPS … add slippage of 0.2 PIPS to that … add round turn [RT] commission

to that of 0.2 PIPS … whaddaya get? … you get a bullshit “total cost of trading”

= 1.0 PIP … so, Coinexx ain’t no “deal” when it comes to scalping their supposed

best & tightest FX pair … on the contrary, it’s a rip off and they know it … they’re

just hoping you don’t notice … meanwhile, over at IQCENT, I pay 0.2, maybe 0.3

TOTAL COST, got no slippage I can see, and how do you beat that? … and what

this means for the PAMM, is that EURUSD ain’t gonna work, so it’s out as a

“Plan B” if oil goes “sleepytime”, which for the most part it has … I’m still not

sure yet if USDCNH is gonna work at Coinexx cuz of their spread structure and

how it can change “el quicko mucho” … am going to go with either the NDX100

or DOW30 for scalping algorithm signals if oil isn’t playing … and from the looks

of oil, it doesn’t want to play … “Stock Bellies” getting jerked around like penny

stocks on steroids in Vancouver … seriously wicked shit, especially in the

NDX100 … alternatively, although I can’t do it for the PAMM cuz Coinexx doesn’t

have “Stonks” CFD’s, a good alternative solution is some of the individual tech

darlings … those “vegas mql4 code” will be available on Sunday’s blog update

… more details on Sunday, natch.

A very wicked day for markets, in terms of speed of UP/DOWN … trading like

penny gold stocks on steroids … only one algorithm buy signal for the PAMM

and that was in NDX100 … PAMM UP SLIGHTLY … USDCNH & oil with very

subpar ranges and trading action, and EURUSD ain’t gonna work cuz of the

bullshit logistics of the trade I laid out earlier at Coinexx … come Monday if I

trade “Stock Bellies”, most likely it’ll be the DOW30 … just a boring day in

USDCNH, whaddaya gonna do? … over at IQCENT, “The Syndicate” with some

EURUSD TRADES AND WE’RE UP APPROXIMATELY 0.3% … the best scalping

at the lowest cost to trade of anything … what’s not to like? … blog update on

Sunday … until then!  

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

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

-vegas