CIPHERIN’ WITH JETHRO

 

“I only hire the best & brightest!!”

Sometimes you just gotta learn the hard way … nothin’ personal against the YEN

as a trading pair, but it is as deceptive & devious as they come … more than the

other 2 pairs that make up the “Big 3” dollar pairs [EURUSD & GBPUSD],

USDJPY is rife with problems … viz., 1) “gap pricing” far too often even in

normal situations outside of news, 2) exaggerated spikes from Hell both up &

down that obliterate stops and pretty much guarantee your buy stop will be filled

at the top and/or your sell stop at the bottom of any respective m1 spike, 3) it has

cross implications from the entire FX space, where anything / everything is

crossed against the YEN in the denominator, making it “fair game” for abuse

from many different angles, and last but certainly not least 4) the value of a PIP

is far less in USDJPY than it is in either EURUSD or Cable … in Cable, if you made

10 PIPS on a trade, that same trade in USDJPY would have to be 18 PIPS.

Looking at the current [as of today’s close] 20 Day Range MA for both,

USDJPY = ~ 117 PIPS, and GBPUSD [Cable] = ~ 92 PIPS ... Hell, even Jethro

Bodine can see Cable is a richer trade cuz it earns more in $$$ for each PIP

… approximately 1.8 times more! … granted, nothing in FX is a perfect pair to

trade, cuz they all got warts & blemishes and without makeup they can be

hideously ugly … and there have been times where Cable is nothing more than

fodder for POLS & Apparatchiks looking to grease the mistress funds, as they

did during the 5 - 6 years of BREXIT bullshit, when there were almost daily gaps

all over the place on “blah blah, yada yada” from some PIE HOLE looking for 15

minutes of news fame on financial MSM … thankfully, that shit is over … so,

YEN can GTFO!

Yesterday’s big mover was XRP [Ripple] … almost doubled in price, and that

coin should be looked at for trading at IQCENT … a good alt-coin for smaller

accounts where BTC is just too “Hoover Dam” expensive with only 10:1 leverage

… will the SEC appeal? … probably, although they should disappear and go

watch midget porn like they’ve done for years … not my analysis, that comes

from the GAO [Government Accounting Office] where some years ago they

found rampant porn watching from SEC computers … who’s surprised?

Is this some kind of sick joke? … I switch over to Cable for the PAMM and for 7+

hours I got what? … a 25 PIP range? … more like 10 - 15 PIPS that’s tradeable

… did I land in the “Twilight Zone” by mistake? … and yea, it is Friday, and yea

all week FX has been rock n’ roll, but still … all you can do is shake your head

and laugh … with that pitiful of a range, even the super scalper algorithm has got

its limits, although a quick look at signals and it wasn’t that bad … surprisingly

to be truthful, I thought it would be worse … oh well.

HOLY BAZOOKAS BATMAN! … overnight, the number of emails I’ve gotten over

the Super Scalper Algorithm has got me a little shocked … yea, I know it works!

… as I said, “The Mrs.” & Miss Gimpy have been tearing up the NDX100 like they

own it! … below, just a quick screenshot of this AM in the NDX100 … 8 trades, 8

winners, I mean whaddaya want?

click on chart to enlarge

And the reason it works is twofold IMHO … 1) the “88/6/6” paradigm in which it

functions & operates, and 2) it’s got excellent VIX, a reasonably tight spread, and

it’s got a ton of chumps who love to trade it! … and Chumps love to FOMO and

then panic [or vice versa], and that spells opportunity. In some ways, it’s like

Bitcoin, but the institutional side of the NDX100 is strong … and the kicker as far

as I’m concerned, is the fact that at IQCENT the marginable leverage is 500:1

… and if that ain’t enough for you, get psychological help … of course, can’t trade

the NDX100 at Coinexx, cuz if you do you’ll get mugged, robbed, and violently

raped on each and every order … simply horrific order filling and they should be

in prison cuz they’re thieves … so, you can’t trade it there.

Quite frankly, if you know you’re a scalper [or “super scalper”], just take the mql4

code for support / resistance levels and put them on the Super Scalper Algorithm

… this way you have good levels to see support and resistance … and to that end,

this weekend I’ll be publishing the “Super Scalper Algorithm” and include the

appropriate mql4 code for somewhat lower levels of VIX than would normally apply

to day traders … Initially this weekend I’ll get the NDX100 & GBPUSD done, and if I

have time, other markets as well … it’ll be out Sunday when I publish the blog

update.

With the leverage available, the fact that pretty much all of the good tradeable

action is gonna come from 9:30 AM EST - 4 PM EST, and the 20 Day Range MA

right now is at ~ 200 index points, it’s very hard to find anything better to trade

under the circumstances … yea, when Bitcoin “moves” it’s a beautiful thing, but

the key word there is “moves” … when it doesn’t it’s a different story … the

NDX100 ALWAYS has interest, cuz the world LOVES TECH STOCKS! 

Today’s action in Cable about as bad as I’ve ever seen it for a non Holiday day

… I mean seriously, 20-ish frickin’ PIPS? … No PAMM trades today … Friday!,

what can you say? … over at IQCENT, “The Syndicate” had a couple of very early

Bitcoin trades, but after the consumer sentiment report at 10 AM EST, I switched

over to the NDX100 … “The Syndicate” UP APPROXIMATELY 0.4% … given the

run this puppy has had this week [the best in 3 years for a week], I lightened up

volume some cuz it’s Friday … back to normal come Monday … blog update on

Sunday.

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

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

-vegas

ESCAPE THE LIARS, HYPOCRITES, & SCUMBAGS

“A snapshot of modern day America!!”

We get so much propaganda thrown at us each day it’s frightening … nowhere

is this more pronounced than in schools, business, and government … it’s

amazing anybody is sane … trading finance has its own concentration of

scumbags, and you don’t have to look far to see them … Wall Street banks.

Before I retired last night, I had a nice long talk with the Mrs. & Miss Gimpy

about trading … both now having been in it for quite a while so they have some

perspective … it’s a maze of hornets, and through it all we have to deal with

scumbag liquidity providers [LP’s], whose only purpose is to screw specs for

their own benefit … trade longer than 10 minutes and you’ll know what I’m sayin’

… inventorying today’s traditional markets and I want to go puke … corrupt to

the core and manipulated beyond belief, very little of it resembles a “market”.

And then there’s crypto, which has emerged from a “nuclear winter”, where

everything that could go wrong, went wrong for the industry and trading space

… from a brutal interest rate tightening cycle by the Lounge Lizards, to

bankruptcies of Silvergate, FTX, and a bunch of others … but, innovation

triumphs, and crypto ain’t going away like some would like cuz they have their

vested interests they want protected … the one shining achievement of crypto

is its ability to operate and thrive outside mainstream finance and prosper … and

let’s not forget government, which at every turn wants it dead but will never be

able to do that … the horse is out of the barn and ain’t goin’ back in

… decentralized finance only gets better no matter what POLS & Apparatchiks

dream up to kill it … it’s a threat to their power & control, and that’s what

scares them.

Many people thought these recent bank failures would see crypto get monkey

hammered … not so … all they did was point out counterparty risk and how to

escape it … Bitcoin does that, and don’t anybody give me this shit about “well

what if the internet goes down?” … this “straw man” won’t fly … and what it

means to trading and traders is simple … “a free market without interference

made up of specs, with almost no interest from scumbag banks” … yea, there are

“whales” who push price around … so what? … they help create volatility, which

we as traders like and need. 

Nice moves in crypto in the Asian session [of course], where even gold moved

some … get to New York and it’s a nightmare of bullshit nothingness … crypto

still moving [of course], but so called traditional mainstream markets can’t do

shit … manipulated and dead, what else is there to say … and quite frankly, given

conditions at IQCENT, there isn’t any good reason to trade anything but crypto

given the movement and unreal low spreads … why? … most days, gold is

bullshit … and far too often FX is a joke … somebody check the morgue and see

if EURUSD AND GBPUSD happen to be in there … talk about non-breathing

bullshit markets going nowhere and doing nothing day after day, week after week,

month after month … seriously, WTF whatever it is, it sure as Hell ain’t a “market”

you want to touch or get involved in, unless you love giving money away to

scumbag LP’s … and “Stock Bellies” are run by the 0DTE options crowd now

… pricing stinks, spreads stink, and the stench from LP “scumbaggery &

fuckery” on every order and transaction would make a maggot gag.

Miss Gimpy today with nothing but smiles, and why not? … Bitcoin today with a

$1,500+ range, and she’s trading it at IQCENT with 1 or 2 penny spread AND NO

GAS FEES [that’s no commissions for you Biden voters getting up late.] … and

just as good, Ripple [XRPUSD] with a 700+ tick range, trading at the 4th decimal

place, with a spread of $0.0001 [1 tick] AND NO GAS FEES … take your pick

… either of these light years better than any of the shit I have at Coinexx.

I mentioned yesterday that IQCENT has “copy trading” … simple, fast, easy

… every account is eligible to have their accounts be followed … it’s done by the

system, and once you break the “Top Ten” of traders there, you’re eligible to

receive “copy trades” … you don’t have to do anything, it’s done automatically by

the system.

Here shortly, I’ll be opening my account at IQCENT to trade Bitcoin [BTC]

… “The Syndicate” is born again!! … I’ll post when I do this, as well as when I

break the “Top Ten” of their traders … with these kinds of trading conditions and

the trading algorithm, it’ll be sooner rather than later … I’m anticipating a “race to

the top” versus the Mrs. & Miss Gimpy … this will be wild to say the least! … stay

tuned.

Turning to today’s pile of manure called “markets” … it’s deep and it stinks!

… Noon in New York, and gold has been in a $5 - $7 range for over 7+ hours

… ughhhh! … USDJPY some movement but choppy as Hell … the rest of the

board put in a casket and call the funeral home for services … yea, it’s that bad

… as I write, gold hits a new low for the day, extending the range to about $10

… this after threatening a new high an hour ago … news? … nope, just the usual

dealer bullshit of yo-yo screwing specs … get ‘em to buy highs and buy back

from ‘em when they sell the lows.

Now into the New York afternoon, and gold threatening new highs … all inside a

nothing range, while dealers have their way with specs … new highs, new lows,

new highs, etc., what bullshit … all on “Trading Ratios” [TR] that stink [below 3]

… USDJPY even worse … multiple trades in USDJPY today … PAMM DOWN

ABOUT 0.1% … chop chop, and plenty of LP “scumbaggery & fuckery” on fills

… quite frankly, I’m sick and tired of being sick and tired of this bullshit in FX

… they simply can’t stay CONSISTENTLY volatile enough for good trades, and

when we get hosed by LP’s or the market chops, we get caught in chop with no

movement that we need to see for good results … screw FX.

Going forward, I’m gonna trade either ETHUSD, and bite the bullet paying more

than I should versus IQCENT’S trading conditions, OR trade gold … there simply

isn’t anything else you can justify and have it stay consistent … realizing gold is

no bargain most days, but it simply has its moments … the only thing worth

trading anymore is crypto … not like the old days with wild ranges, but more

constrained … still, though, worth trading cuz they move and the trading

conditions are relatively above average at Coinexx for ETH … yes, we’ll get ripped

off for a few bucks over & above what we could be doing at IQCENT, but we don’t

have a choice in the matter … can’t trade Bitcoin with a $35 per 1 lot “vig”, simply

cuz that shit adds up quickly, and over time is a tremendous amount of money

being given away to a bunch of scumbags for no reason.

As I said earlier, “The Syndicate” will be returning to IQCENT and trading Bitcoin

[BTCUSD] soon enough … our returns over at PHEMEX when we were trading it

over a year ago were very good, in excess of 100%+ p.a., and that was with

conditions that were far worse than what IQCENT has now … gone are the days

of $4,000 - $8,000 per day ranges, and millions of “rube” specs throwing money at

crypto … but in its place is a more refined market that still moves and can rip your

face off if you’re not careful … all that matters in trading is making money

… crypto has it, and other markets don’t! … simple as that … having talked with

Miss Gimpy earlier, I seriously don’t think she’ll ever look at the shit on the MT4

again for trading … ditto for the Mrs. as well, as markets are just not consistent

enough for them versus what crypto has to offer, especially now at IQCENT

… she’ll use her account for charting and the algorithm, but she won’t ever again

look to trade their shit markets, as long as crypto is around, and crypto is only

growing more [especially Bitcoin] in mainstream acceptance … can’t blame her,

in fact I’m joining her! … I AGREE WHOLEHEARTEDLY WITH BOTH OF THEM!

… TR in BTCUSD as I write is ~ $27, and with a 1 cent spread at IQCENT IT

BECOMES 270, WHICH IS UNHEARD OF IN OTHER MARKETS … and you

seriously wonder why she’s there? … onto tomorrow.

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

and my own Brinks armored truck” 💓!! … Long live crypto! 😍

... Onward & Upward!! 

-vegas

 

SUNDAY UPDATE: PEAK STUPIDITY ON DISPLAY

 

“Where’s Brandon!?”

Where’s Brandon? … I guess he had to get his diaper changed or somethin’

… nothin’ says clueless, tone deaf Dopes like a group photo of the absolutely

worthless & useless G20 POL party in Rome … “Taliban Joe” brought 800

sycophants, met with a clueless Pope to assure us “I’m a good Catholic!”

[Bwahahaha], whatever that is supposed to mean given he’s “all in” for abortion,

and all of the party photos will be on display at the “Goebbels Institute of

Communications” located somewhere in “The Swamp” … hundreds of millions

spent for POL bullshit, where ZERO is accomplished … this IS “peak stupidity”!

I had hoped to get the project I have been working on for readers finished by the

end of October … well, it’s gonna have to wait a week or maybe 2, simply cuz

there’s still some heavy lifting to do before it’s ready … but, I can assure you it’ll

be worth the wait … stay tuned!

Directly below, the 20 Day Range MA for selected trading pairs.

click on table to enlarge

As you look at the table of 20 Day Range MA’s, you’ll notice an addition of 3

crypto pairs, bringing the total to 6 … the additions are XRP [RIPPLE], DOT

[POLKADOT], & BTC-DOM [BITCOIN DOMINANCE] … the additions will become

obvious when the project is finished … notice how volatile these alt-coins are

relative to Bitcoin [BTC], especially DOT … you want volatility in a daily range?

… the VIX in DOT is higher than BTC, and this coin has a mind of its own, it just

doesn’t follow BTC.

What is BTC-DOM? … it’s a metric of BTC market capitalization divided by the

market capitalization of every other crypto pair … in other words, it’s an oscillator

that cannot fall below 0, or rise above 100 … since it’s a well documented fact

BTC influences price direction of alt-coins, BTC usually rises faster and drops

quicker than the alt-coins as a whole, thus when BTC gets “monkey hammered”

this index will most likely fall, and when BTC goes ballistic to the upside the index

rises … directly below, the top daily candlestick is of BTC-DOM Aug - Oct 2021,

and right below it for comparison is the BTC daily candlestick for the same

period.

click on chart to enlarge

This oscillator / index [BTC-DOM] is starting to gain a lot of interest from traders,

especially those who want to trade BTC, but don’t like the extreme volatility that

can potentially kill their account … from a practical perspective, this oscillator

won’t go much below the high 30’s, or much above the high 70’s or in extreme

cases the low 80’s over an extended period of time, and gives traders the

opportunity to have BTC exposure, but against all other coins … in other words,

it’s a great pair to trade for those interested in mitigating risk of BTC price VIX, but

still finding opportunity to trade BTC trends.

This upcoming week is FED week … oh boy, hurry up & wait ‘till Wednesday at

2 PM EST … the most important FED meeting evahhhhh! [until the next one of

course!], and the consensus is the Lounge Lizards will announce their “tapering”

plans to reduce QE … given the state of China imploding, inflation roaring, and

the U.S. economy stagnating, how long will it be ‘till the FED gives up this plan?

… EASY PEEZEE: “they’ll give it up when the SP500 tanks, cuz it’s the only thing

that matters to these globalist Satanists … make no mistake, these are evil people

who DO NOT have your interests at heart”!

Onto the week … outta here … “the future looks so bright, I need sunglasses”! 😎

… Onward & Upward!!

-vegas