“The only place that makes any sense to trade … the rest an illusion!”
Over in the right-hand column, under “Download Links” are 2 new sets of data;
the first, is the GBPUSD algorithm manual, appropriately titled. “GBPUSD
SCALPER TRADING ALGORITHM PDF” [14 pages], and the other is a data
set, “GBPUSD M30 HISTORICAL CHARTS PNG”. The first, obviously, is the
trading manual for short term trading GBPUSD, and the second is historical
M30 charts in GBPUSD starting from August 1, 2017; every month going
forward, the prior month will be added to the archive.
The manual explains the reason for the historical data, and why it’s important.
The manual isn’t just for scalpers [regular or aggressive] either; if you’re into
short term positioning from day to day, or position yourself for the week, the
manual shows you what to do, and how to incorporate the information into
your trading so that you can successfully trade GBPUSD.
Going forward, I don’t expect to have any issues regarding disastrous slippage
in GBPUSD; I’m comfortable with our “come to Jesus” moment between me,
the brokerage house, and the major LP’s in GBPUSD, so I don’t expect to be
talking about it in the blogs … granted, this is FX and news moves this stuff
around, and nobody understands that better than me … trade 3 seconds after
the NFP report or a central bank interest rate decision, and you get what you
deserve, which is something you more than likely aren’t gonna like … but,
that’s your fault, not the LP’s fault … having said that, though, nobody expects
every market fill to be on the exact bid or offer as you go to initiate a position or
liquidate a position, especially with 5 digit tenths of a PIP pricing; that you only
get in a “Demo” account, not a real live account … so, while I made it
“Hoover Dam” clear what I expect, nobody is gonna get their “big girl” panties
bunched up over a fill that’s 1/10th or 2/10ths of a PIP off the bid/offer when
you hit the button.
But, the days of getting a new donkey surgically implanted in us via scumbag
LP’s in either the stock indices, gold, or the FX crosses IS OVER … I consider
that “cheap tuition” to learn now, as to who they are and what their scam is
… and as I explain in the new GBPUSD manual, it isn’t the Dollar amount we
got ripped over that has me seeing “RED”, and watching my cupcake get
“frosted”, although I ain’t happy about the combined couple of grand we’ve
lost to these assholes over the weeks and months, it’s more the “what if I was
doing 20 million notional … what the hell would THAT have looked like”?
I want to also make it abundantly clear, that I got no problem with others
trading different markets, and my sincere hope is you don’t get mangled by
these asshole LP’s and the slippage they hand out like Halloween candy … but
what I know about these assclowns, is the fact they know sometimes they can
get away with it, simply cuz it’s CFD’s [in the case of the stock indices], or the
fact a specific FX cross is “thin” at that moment, is that they will “push the
envelope” of criminality to the point of where they stop just short of getting into
real trouble with the regulators. And what they can “get away with” in other
markets is far greater than what is allowable in U.S. Dollar pairs.
Truth be known, it is this simple fact, that has led recent successful lawsuits by
corporate customers, getting “front runned” by bank FX desks, that saw some
rather large discrepancies in fills in major dollar pairs … in the manual, I give
the link to one recent case where the head FX trader just got 2 years in jail.
Any other market besides a major dollar pair, and more than likely the bank
would have gotten away with it. “It’s amazing what discovery will show in a
lawsuit isn’t it”?
There are only 3 other markets where I would consider trading size, and for the
PAMM this is of extreme importance as we get larger; they are EURUSD,
USDJPY, & USDCAD, but the problems in each are lack of “consistent”
intraday volatility which can drive you nuts, then all of a sudden market
volatility explodes on surprise news from some Apparatchik Pie Hole, or a
significant “sigma” miss on a scheduled report … market has a 140 PIP range
one day, and the next it’s 37 PIPS … and quite frankly, that isn’t gonna cut it.
So, bottom line is … “we’re home!” … GBPUSD is it, and we’re gonna need to
see “pigs fly”, SNOWBALLS survive in hell, & the Mrs. start giving me money
every week! … so, don’t hold your breath, cuz we ain’t going anywhere,
anytime soon, that takes trading away from GBPUSD … facts are facts
… Cable has the lowest spread, combined with the highest volatility, over the
longest periods of time, than any other market on the board … period, end of
discussion, it’s not even close by comparison.
And, as the manual points out with details, my very first original trading
algorithm for FX futures, developed and traded many moons long ago, is still
the simplest and best for GBPUSD you’re ever going to come across … simple
in structure and rules, easy to implement, and the only thing that can trip
anybody up is a small “doji” day, and that’s still the least probabilistic event
trading offers on an ongoing daily basis.
So, enjoy the manual and the data, and if anybody has any
to you ASAP with a personal response.
The PAMM spreadsheet has been updated below. First, the spreadsheet for
April 24 & 25, 2018, directly below.
The PAMM spreadsheet for April 26 & 27, 2018, directly below.
Have a great rest of your weekend everybody!
-vegas
OUR TURNKEY FOREX “PAMM/MAM” IS NOW OPEN AND
OPERATIONAL; SEE “PAMM/MAM MONEY PROGRAM” IN
“DOWNLOAD LINKS” SECTION IN RIGHT HAND COLUMN
FOR DETAILS [VIEW ONLINE AND/OR DOWNLOAD] AND
START YOUR JOURNEY FROM WHERE YOU ARE AT TO
“ESCAPE TO SUCCESS”!
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