Just when you thought trading action in FX couldn’t get any worse, here comes
Tuesday! … “oh my, what do I do with an 8 hour European session range in
GBPUSD of 35 PIPS? … nothing but a low volume, nobody cares, “Flying Wedge
of Death” [FWD] clusterfark, where scumbag LP banks got everybody on a string
like a master puppeteer … and when ranges get this ridiculously low, it doesn’t
take much to get rats scurrying for cover from either side of the spectrum at the
median … of course there’s no follow through, cuz they won’t let it follow
through to anywhere … it’s simply a read of order flow, and then fade it.
One algorithm signal in GBPUSD today … TURNKEY PAMM DOWN SLIGHTLY
MORE THAN 0.1%
And after that first signal didn’t work out, it became obvious to me quickly, that the
day was gonna be shit, unless either the high or low of the range got taken out
… and that never happened … another extremely low volume day with nothing to
offer but trouble, cuz when it gets this bad, not even the algorithm adjusted for
low volatility can make this bag of dog poo not stink! … 35 PIPS? … good grief,
what’s the frickin’ world coming to?
Over in crypto land, great trading in TRXUSDT, my favorite coin to trade for a
number of reasons … 1) LOWEST CONSISTENT bid /offer spread of any coin I
know of, 2) ZERO FEES cuz we’re in “Premium” club, which is “Bigly & Yuge” cuz
on every trade it puts money back into our pockets, 3) current 20 Day Range
MA = 1,560 ticks, which means it’s plenty more volatile than either BTC or ETH,
and 4) great liquidity, with about $20 - $25K minimum dollar volume at every
minimum tick [0.00005] … quite frankly, if you’re looking for a coin to trade to
make a living trading, this one is it!
Multiple algorithm signals today in TRXUSDT, and “The Syndicate” is UP
APPROXIMATELY 0.10%
This was by far, the SLOWEST range day of the YEAR for TRX, and today’s range
of 820 ticks ALMOST 50% BELOW THE CURRENT 20 DAY RANGE MA … even so,
the signals were there, and once New York got going, I was reluctant to take buy
signals down near the low cuz I was expecting some range expansion … well, that
expansion never came [so far] … really didn’t expect TRX to catch the shits from
GBPUSD and die right along the vine with FX pairs, but it is what it is … no
matter, cuz “The Syndicate” just keeps chugging along making money every
frickin’ day … and when you see the algorithm for crypto, and understand what
it does [not what you think, I can assure you] and what it successfully maps &
models, you’ll realize just how powerful it is, even though visually it is very
simplistic in design and implementation.
Outta here … “the future’s so bright I need sunglasses”! 😎
… Onward & Upward!!
-vegas
No comments:
Post a Comment