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

SUNDAY UPDATE: THE SCUMBAG LP’S FEEL THREATENED

 

“Life behind the “Oz Curtain” at the LP when markets move!!”

According to “forexlive.com” in a post on December 18, 2023, we’re labeled as

“TOXIC TRADERS” … did you know you’re a “toxic trader”? … the link

directly below.

https://www.forexlive.com/Education/how-forex-brokers-can-identify-toxic-

traders-20231218/

A quick read of this disgusting article pretty much proves my thesis and

premise, that anybody who makes money is “toxic” to the brokerage house

and the scumbag LP, and if you’re not a source of constant & continued

profitability to the house [would you like to make another deposit?], you’re a

problem … am I the only one who finds this article extremely annoying and

pisses me off!? … and while this article is for “edumacation” purposes [so it

says], don’t be fooled into believing propaganda … this is a warning … and it’s

not just “Tapaas”, there’s an entire “cottage industry” that springs up to help

serve the thieves and crooks that call their shakedown operations as a

“liquidity provider” [LP] … anybody who’s ever traded anything in a “live”

account for longer than 5 minutes at any house will find out real quick about

mystery bids [sells] and mystery offers [buys], along with slippage on fills,

and utter. “WTF was that?”, and wonder how the Hell their mini-lot buy trade in

EURUSD could send the offer price up 1 ½ PIPS for their fill … well, wonder

no more!

Of course, the Standard Operating Procedure [SOP] at houses everywhere

when you point out to them you got royally fucked on an order is to invoke

the “DUH!, market conditions, DUH!, plausible deniability mantra, and that’s the

end of the conversation … and now, houses are all to eager to tell you

SCALPERS WELCOME! … that’s cuz they all pretty much employ

“ANTI-SCALPING” SOFTWARE [just like the article suggests] to thwart those

trying to “pick off” the LP in a somewhat more highly VIX environment … some

houses worse than others to be sure, but since the start of 2024, a sea change

at IQCENT where they’ve taken it to extremes in crypto pairs … not that it’s a

decision at IQCENT, they’re simply going along with the LP [Thompson

Reuters], who I can only assume has gotten beaten in Q4 2023 worse than a

baby seal at a Japanese whale hunt in crypto pairs … and their predictable

response is to scream “HELP!” to the cottage industry telling them they can

defeat scalpers … and so what we’ve seen this last week is that going into

affect … and I can tell you it will completely destroy the crypto trading at

IQCENT if they keep it up, cuz nobody is gonna accept trading [for example]

Bitcoin in $50+ increments and get trapped into losses they have no control

over, and the fact you can’t depend on them to keep the bid/offer current

… would you trade EURUSD right now and could only get in or out in 5+ PIP

increments and had no idea when the bid/offer would change to reflect actual

market conditions? … HELL NO YOU WOULDN’T!!

It’s a different story in EURUSD, USDJPY, and USDCNH, the only 3 FX pairs I

would trade at IQCENT … THAT’S CUZ THEY HAVE RAZOR THIN SPREADS

AND NO COMMISSIONS … and as I have explained before, know how this place

and LP makes their money … they split the slippage from constantly being off

the actual market by fractions to maybe as much as 2 or 3 PIPS under normal

conditions … you ALWAYS HAVE TO HAVE A PRIMARY MARKET [COINEXX,

FUSION MARKETS, ETC.] served by a very thin spread to compare bid prices … obviously, you want to buy FX when the IQCENT price is LOWER THAN THE

COINEXX BID by at least 0.2 PIPS … when SHTF [like Friday with NFP & ISM

numbers] you can effectively do “arb scalping”.

The entire thesis / premise of FX and “arb scalping” I’ve explained before, and

it’s at least 100X bigger and deeper than crypto could ever think to be right now

… there’s an entire ocean of institutions being served by scumbags like

Thompson Reuters, and since they’re not traders, they take their piece of the

pie and pass on the rest to the platform … within 1 second, maybe 1 ½ seconds

at most, IT’S GONE! … they’ve already employed “ANTI-SCALPING”

MEASURES INTO their skipping around slippage on the platform, and for

most of the Dopes who trade at IQCENT IN FX, I’d be shocked if any of ‘em

looked or watched closely at other platforms and figured out the “game” that

is being played on them … this ain’t 2003, where 20 years ago FX spreads

[and everything else traded as well] were FAT, SLIPPAGE EVEN FATTER, and

the houses online for electronic trading made a fucking killing … in theory,

today spreads are “tight”, but as a spec trading, you have to OVERCOME the

“T DISTRIBUTION” MATRIX of added slippage up/down on the “T Curve” based

on current volatility, which gives the LP & house the “edge” in successfully

defeating you in a collective sense … THAT’S WHY THEY WELCOME

SCALPERS! … if they simply raised the spread, nobody would trade with ‘em

… anybody trading USDJPY AT A HOUSE WHERE THE SPREAD IS 2 ½ - 3

FULL PIPS? … no? … wonder why when it’s 0.4 PIPS at IQCENT WITH NO

COMMISSIONS? … now, if you buy and sell at the wrong times compared to

the primary market [Coinexx bid for example], you’ll be trading it almost right

there at 2 ½ - 3 FULL PIPS!

And while I’m secure in the fact they’d love to have better conditions for

themselves in FX, THEY CAN’T cuz the competition is too intense and traders

too smart … they simply have to live with what they got now and realize there

will always be people like me who can defeat them, but the collective makes

them tons of money so who cares? … and that ain’t the story over in crypto!

… I guess if they’re Hellbent on destroying their business they got the right to

do that, but it is what it is … we’ll see what management does when they look

at their runs and figure out “el quicko mucho” everybody has left and they got

ZERO CRYPTO TRADING REVENUES … what happens then? 

Directly below, this week’s 20 Day Range MA & MEDIAN values for selected

markets.

click on table to enlarge

In this modern age of manipulation, you just never know when houses & LP’s get

better / worse, do good things / do “stupid shit” things, buy others, sell the

business to Dopes, and we out here in the public domain got no clue what’s

going on … it’s not like they share anything cuz they don’t! … still, IQCENT IS

THE PLACE TO BE FOR USDJPY, UNDER THE RIGHT CONDITIONS, and with a

primary market to compare it to, and “arb scalping” is excellent on important

reports and releases most of the time.

Look for the final version of the algorithm coming next Sunday in pdf, although

tomorrow’s blog I’ll highlight the important concepts … “almost finished” didn’t

make it to today’s finish line!… 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