SPOTLIGHT ON RIPPLE [XRPUSDT] FOR SCALPING

 

“Welcome to RIPPLE world … c’mon in, the water is fine!!”

Yes I know, the crypto haters will roll their eyes and talk about what a scam all

crypto is … except it’s here to stay, deal with it … it’s tradeable, and I don’t give

a fuck what anybody thinks cuz I’m here to make money … I’ve said before, I’ll

trade soiled underwear futures if the conditions are right, who gives a shit? … it’s

all numbers on a screen anyway, and the point is to find markets that 1) move,

2) have EXCELLENT LOW BID/OFFER SPREADS, and 3) hopefully have no

commissions. Well, we got that @ IQCENT and in XRPUSDT … it trades to the

fourth decimal place, like all crypto these days leverage is 10:1, the bid/offer

spread is 1 tick at the 4th decimal place, and there are no commissions … and

so as not to be redundant, the house makes its money on crypto pairs just like

they do in EURUSD … most of yesterday, the “Trading Ratio” [TR] = between 9

and 10, which is outstanding … the m1 period 60 H/L range average about 10

ticks, and it’s got a 1 tick spread … yesterday’s range about 537 ticks, and the

20 Day Range MA currently = 228 ticks, so it was well above average for range.

And the reason I like XRP for scalping, aside from the obvious trading condition

parameters, is the fact it’s not political like gold, EURUSD, or crude oil … now

that the SEC has lost its lawsuit against XRP, there’s nothing to stand in its way

for free trading without conditions hanging over its head, and it trades all 3 world

sessions and never closes … no worries about fairy tale whiz kid reports, or what

some Moron at the FED says … it will generally follow Bitcoin and have some

kind of positive correlation to what Bitcoin is doing, but it’s not a tick-for-tick

kind of situation … be careful of generalized correlations, they can bite you in

the ass! … XRP has its own merits and its own crowd of traders … scalping is

terrific, and trends can last longer than Bitcoin … priced under $1, around 55

cents, and traded at IQCENT at the 4th decimal place, some houses use 5

decimal pricing, which is like fractions of a PIP in FX … only matters when the

market is dead, cuz if it’s moving [like today], who cares about the 5th decimal?

… what I care about is the 1 tick spread and no commissions with decent

movement up/down … there’s your opportunity! … and for small accounts, it

makes a lot more sense than trading Bitcoin … doesn’t matter what places like

PHEMEX and/or Binance offer, cuz the “gas fees” to trade it will be in the

neighborhood of 5 - 6 ticks regardless of what bid/offer spread they have.

Coinexx, on their MT4 platform has Ripple listed, but you can’t trade it … you can

chart it, but can’t trade it, which shows how fucked up and moronic their crypto

LPs are … which is OK by me, cuz I wouldn’t pay the extra to trade it there

anyway, nor put up with bullshit slippage, which is a mainstay of anything traded

at “Slippage FX”.

I strongly urge those of you who trade crypto, or want to trade crypto, to pay

special attention to the HULL MA COLOR line, period 40, for short term trends

you want to exploit … and while “fading” this indicator when the VIDYA GOES

“SLOPE UP” [Plum] can / will work most of the time for a scalp, you better be

ready to be “Hoover Dam” quick on your scalps before the trend resumes

“el quicko mucho” … and that means inviting the spikes from Hell … not saying

you can’t get them when you’re trading with the HULL MA COLOR, cuz trends

change, just that the probability of you getting hit on a trend change is a lot

lower than fading the HULL and praying for a bounce.

Turning to today’s “Slots-A-Rama”, gold acting like it could care less about

anything … range very tight overnight and trading action, to be kind, is lethargic

so far … ECB meets tomorrow for an interest rate decision, so FX most likely

will be dead … meanwhile, the world retreads the tired and worn out which never

ever works “peace process through negotiations” with terrorists … outside of

some nutjob attacks in Europe, most notably the Serbian Assclown who is

credited with starting WWI, and various other cases sprinkled around the globe,

when did “terrorism” pop up and really get going? … why yes, in 1979, when

Libtard Preezy Jimbo Carter of the Banana Republic allowed Iranian terrorists to

capture and hold Banana Republic embassy personnel as hostages … that’s the

same Jimbo Carter that stabbed U.S. ally “The Shah of Iran” in the back earlier

… and what did “terrorists” learn about the west, and the Banana Republic in

particular? … why they learned they’re all “paper tigers” … and instead of

turning Iran into a glass parking lot, Carter buckled and we’ve been dealing

with terrorism ever since … see, it makes more sense for POLS & Apparatchik

Elitists to profit off of terrorism, than it is to end it … cuz just like “racy-ism”,

if you solve it, where do the “race baiting poverty PImps” go for money, and

where is the need for them anymore? … so, you make sure it ain’t ever solved,

just make money off of it! … latest & best example is BLM, where the founders

milk the system for cash, a narrative agenda is formed for future reference, and

the “racy-ism” can is kicked down the road ‘til next time.

Imagine a world where the Banana Republic doesn’t need a TRILLION DOLLARS+

IN WEAPONS SYSTEMS EVERY YEAR! … “oh the humanity!” … defense

contractors hurting, fat cat biz scumbags who finance the members of the

Clown College suddenly getting no kickbacks or commissions from weapon

system giveaways … and that means no vegas junkets, no hooker & blow parties

in “The Swamp”, no golf outings to Scotland / Ireland, and no PAC contributions

… “STOP VEGAS STOP! … i’M GETTING A TEAR IN MY EYE!” … and all of this

reality will hang over gold longs while “war” is being labeled the impetus for

gold’s rally … of course, the truth is it ain’t the reason gold is up near 2K … the

real reason is “money printing”, and the destruction of fiat that goes unabated

24/7/365 … there always has to be a reason OTHER than money printing for gold

to rally in the eyes of the financial MSM, cuz the truth is far too dangerous for

Sheeple to grasp, and might lead to critical thinking skills on behalf of said

Sheeple, and we can’t have that!

All of the indicators needed to trade XRPUSDT @ IQCENT are either in the MT4

library of indicators, or in “Download Links” available for download … directly

below from yesterday, when Bitcoin was removed from the Blackrock website,

things got a bit bat shit crazy [BSC] in XRP … notice the grid on the m1 chart!

… also notice how the “vegas risk models [RM], RM=1 & RM=2 acted as support

on the downside … also recognize, that the levels of the RM’s are not for buying /

selling, BUT FOR LIQUIDATING A POSITION at usually MAX PROFITABILITY!

click on any chart to enlarge

Earlier today from the European open, a screenshot of XRPUSDT … things have

settled down from yesterday, and the RM levels, even RM=1 [lowest VIX level]

isn’t on the screen … also notice the big difference in the grid value from

yesterday.

And as you can clearly see, the HULL does not disappoint in keeping you on the

right side of the scalp trade … sure, we can’t capture every squiggle, but that’s

the price we pay for having the “wind” at our scalp backs!

Well now, I can’t help but think the “nexus of evil” group just might be trading

gold for rockets … Step 1. Get long gold. Step 2. Fire rockets into Israel and get

the usual IDF response … so what if a few Chumps get killed? … all for the cause

and narrative don’tchaknow … Step 3. Sell the top or very close near it and

pocket the dinero … I’m pretty sure Vlad, Kim Jung-Un, Xi, and some other thugs

could show them how it’s done, as they’ve been doing it for decades! … back in

pit trading days, when Vlad ran the KGB, he used to do this in gold futures for

the Soviet regime … but again I emphasize, when ranges are tight, as they were

with the latest gold blitz higher, funny things happen when the reversal monkey

shows up and ruins the party! … it’s gonna take more than a few rockets fired

into the Golan Heights from Syria to get gold over 2K … but once over, look the

Hell out above! … on the other hand, now what after the miserable rally failure

to the high today? … cuz if by chance 1971 gets taken out, a whole lot of longs

are almost guaranteed to puke … and we’re only a handful of bucks away from

that right now … like I said before, under 2K, gold still subject to FED

manipulation along with other UNSAVORY players [see above], and you are

asking a lot from a market that has rallied hard & fast … over 2K, and it’s a

completely different story as the narrative shifts, the FED is in trouble with a

capital “T” on their massive short positions, and the sky is the limit!

File this under, “you can’t make this shit up!”” … well now, after the terrorists

make a bundle getting long, firing missiles, and then selling the top of the rally,

maybe BIBI found out and was jealous, so he shorted gold, and then a report is

released saying the invasion of GAZA has been “delayed”! … FUCKING

EVERYBODY WINS! … very nice $12 haircut! … except specs of course, but they

are always the loser so what else is new? … seriously, the story writes itself!

… just like old times back in the pits, and if you got slaughtered by any of this,

you shake your head and say, “what are the odds of this happening?” … well

actually, they were pretty fucking high that “Scumbaggery & Fuckery” were on

the table anywhere where gold is involved for trading and it’s moving hot &

heavy … history tells us that! … OH PLEASE, ROLL THE ROCK UP THE HILL

AND LET’S DO IT AGAIN!!

I’m going to reiterate about XRP what I said before about EURUSD … why trade

any binary option and potentially get ripped off by an AI software system that is

not only make believe and not real, but will see you get gutted like a fish for

dinner in the last second or two before it expires? … granted, you got limited

risk, but you also got a collective negative expectation for the entirety of the

spec players, and you got a reward / risk ratio of ALWAYS LESS THAN 1:1 … why

not simply trade XRPUSDT AND SCALP? … you’ve got 1 disadvantage, but more

than 1 advantages … like EURUSD, think of it as a “quasi binary option” where

you control risk and expiration, as well as potential gain from trade to trade

… I absolutely guarantee, that if EURUSD had a 200+ PIP range every single

trading day, and the bid/offer spread were 1 PIP, and there were no commissions,

each and every one of you reading this would be all over it like butter on a baked

potato! … and without all of the political bullshit going on in FX every single

minute of the day, along with manipulative banker scum.

Well, chalk this day up to FUBAR on steroids, as it relates to gold … I don’t trade

gold when “Terrorists, Dictators, & Thugs” are calling the shots, and what you

saw today if you were watching gold was nothing short of that … everybody

wants a piece of the “easy money pie”, and firing missiles, calling for cease fires,

and all of the other diplomatic shit behind the scenes that would make a billy goat

puke really offends my sense of priorities as a trader … but, being caught now

between 1950 - 2K, gold is nothing short of a death ritual if you get in it and think

any kind of stop is gonna protect you … all physical sell stops do is guarantee

you get filled at the bottom of the red spike down, or get filled at the top of the

green spike up … bend over, incoming! … and until gold gets through this

congestion, expect more days like this of complete “Scumbaggery & Fuckery”

from the usual suspects … no trades for the PAMM today in gold … horrible

conditions … over @ IQCENT, despite a platform malfunction that lasted almost

an hour [idiots], a shipload of XRPUSDT trades from the long side of things

… “The Syndicate” UP APPROXIMATELY 0.2% on very light volumes as I find

my “sea legs” for this market … so far, I very much like the way it trades,

without the bullshit other markets carry with them every day … smoother than

either Bitcoin or Ethereum IMHO … onto tomorrow!

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

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

-vegas

IS THERE ANYTHING BETTER THAN COACH PRIME? [HINT: NO!]

 

“In the sick society of the Banana Republic, a breath of needed fresh air!!”

In the twisted, sordid world of everyday Banana Republic bullshit, aided and

abetted by nonstop propaganda from state run MSM, nothing escapes the

watchful eyes of the gerontocracy running politics to sports, and the way the

“good ‘ol boys” want the club to be run … “there’s this club, and you ain’t in it!”

is the official mantra of the ruling class … and nowhere is this more pronounced

and enforced than in college sports, especially high stakes college football

… run by the Gestapo like NCAA, more polluted & corrupt than Libtard Nation on

steroids … we now have the “Power 5” conferences, where the big money is

doled out, and along comes “Prime Time” Coach Deion Sanders to throw a

“bigly & yuge” monkey wrench into the equation … oh, the “haters” are there,

cuz what upsets them more than anything is the impact Coach Prime 1) already

has had in recruiting, and 2) the fresh blood he brings to the table upsetting the

“good ‘ol boy” network of coaching that sees tired retreads get hired over

qualified minority coaches from places like the HBCU network and FCS division

schools … can’t have that!

From where I’m sittin’, if I were a parent of a highly talented football recruit

[4 or 5 star], I would most definitely want my kid to be under the guidance and

direction of Coach Prime … everybody in this world has sin and has sinned

many times … nobody is perfect, but there are people who truly stand above

others in terms of moral character, work ethic, discipline, and focusing on

achieving your goals in life … look at Coach Prime and then cast a glance at a

complete bumbling, lying, hypocritical crook like Joe Biden … who would you

like your kid or grandkid to emulate and be like? … the question answers itself!

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

4 day vacation is over, and it’s back to figuring out what the manipulators want

to do this week … well, the “Thugs & Dictators” in OPEC+ have spoken … Russia

to cut production and Saudi Arabia to leave production cuts in place through year

end … apparently, it’s “fun” to put the screws to senile Joe Biden and the U.S., so

where is inflation headed now? … oil immediately jumps $2 in less than 100

seconds, and like clockwork the Coinexx oil LP or LP’s decide to blow the oil

spread out to 5+ cents … “thanks assholes!” … oil now settled down some, and

the spread is back to 1 - 2 cents … historically, oil has a habit of the “Thugs &

Dictators” doing shit like this to trap shorts, then stand at the top of the blow off

and “sell, Mortimer, SELL!!” … you just never know when mistress demands for

shopping can call for a quick $2, $3, or $5 million dollar shopping spree in

Switzerland [or Dubai] and you need some handy cash! 

Just remember, just cuz they “call for” a production cut doesn’t mean there

actually will be one … “Thugs & Dictators” may be thugs & dictators, but they

ain’t stupid and they know how to play the West when it comes to markets … Vlad

& crew have been doing it for decades, and first started with gold back in the 80’s

when he was KGB Grand Poohbah … I can assure you he was long oil before his

oil minister strode to the microphone! … he is the master! … and I’m sure, he’s

moved on to energy but will “play” gold when the time becomes

appropriate again.

Oil supplies are very tight … in fact, the world is drawing on inventories to meet

demand … as one said over on ZH, Biden weaponized the dollar, and now the

Saudi’s & Vlad are weaponing oil … and while “Taliban Joe” has done a

wonderful job of depleting the SPR, here’s what he’s done to oil rigs operating

in the U.S., as the graph below shows.

click on chart to enlarge

That’s some record for the worst Preezy in U.S. history by a long shot … the

happiest guy in the world is Jimbo Carter, where Biden makes him look like

Einstein … in case you haven’t noticed, the Banana Republic is in deep,

deep  trouble.

Meanwhile, gold looks like nobody cares or is giving it any respect at all … the

Rodney Dangerfield of markets! … what a pathetic trade today, now into the

New York afternoon with a $13 range … $8 for 8+ hours of nothingness!

… seriously, can it get any worse for our favorite pet yellow rock? … and what

the Hell has happened to crypto? … this is like “nuclear winter” all over again

… “Stock Bellies” doing NADA, where the DOW30 has barely moved since the

NYSE open … the oil shock news from Vlad & his best bud in Saudi Arabia, and

some new highs for the year in USDJPY … other than that, nothing to show for

any trade on the board … another “stink bomb” Monday after NFP Friday, the

second worst trading day of the month by far … what did we do to ever deserve

shit like this?

Oil blown apart cuz of the news, and it skews the shit out of all of our algorithm

parameters going forward today from the news release … it sucks up and

destroys buy and sell fuel cuz of the panic, and quite frankly there’s nothing

worse than trying to trade a market that is in panic mode … up or down, the

dynamics change, and change drastically … it’s like a football team that is

always used to being up in the score, and then they run into an opponent and

find themselves down 21 points going into halftime … the emotions will be vastly

different, and their response will most likely show some form of panic, like trick

plays or fake punts … very hard to decipher! … so it is with oil today, but the

good news is that the trade looks and feels vibrant going forward … gold so far,

not so much.

“Stock Bellies”, at least the DOW30, finally pukes lower … I guess traders finally

figured out sharply higher oil prices and resultant inflation ain’t exactly good for

“Stonks” … not that the cult members of the NDX100 care, cuz as we all know,

tech “Stonks” and “AI Stonks” like NVDA can only go higher no matter what

… won’t it be something when that bubble finally goes “POP!”

No trades in anything today … looking for better conditions tomorrow & beyond

now that we’re outta Summer … today was a “one off” from oil news … regular

weekly oil inventories tomorrow from the EIA at 10:30 AM EST, while tonight after

the close @ 4:30 PM EST, API gives its inventories of crude oil … should be a

good trading day tomorrow barring any news items that ultimately affect oil

… you just never know! … onto tomorrow.

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

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

-vegas