OUTSMARTING THE BANK MOUSETRAP

“We’re all mice Ninja’s against the scumbag LP banks!”

Make no mistake, every quote and order filled by a bank is cuz they can offer it

to you cuz they get it cheaper somewhere else, and book the difference … ain’t

nobody giving anything away here, no how no way! … they operate in total

secrecy, with ZERO TRANSPARENCY & ZERO OVERSIGHT … don’t insult my

intelligence by suggesting regulators have a clue … every now & then a junior

trader or exec is offered up as the “sacrificial lamb” and the firm punished via a

fine … a fine that means nothing in the scheme of things of what they steal

… and the only reason they get singled out is cuz the regulators got it in their

collective heads that they aren’t getting the proper “skim” shoved up to them,

like the POLS & Apparatchiks at the FED and every other central bank … they

feel “slighted”, and besides it never hurts to have the propaganda that they’re

doing something … in other words, they’re a “protected” group of criminal

enterprises.

Unless you’re willing to fork over some bucks per month [I’m not], brokerage

houses either make it very difficult via trading platforms to offer time periods

less than m1, or they make it unavailable … sure, you can go to “Trading View”

[TV] and pay thousands of dollars per year to get it, and have the TV feed tied

to your brokerage house order entry system, and that will give you an edge

over the standard MT4 / MT5 platforms [or proprietary systems] used most

frequently … “I’m cheap, I don’t wanna pay for it!”

What is needed is a robust plan that deals with DIFFERENT LEVELS OF

VOLATILITY [VIX], ACCESS TO WHAT MOVES MARKETS, AND THE ABILITY TO

GO UNDER M1 WHEN NEEDED … and I’m gonna show you how in today’s blog

… when it’s SNAFU, and FX pairs, most noticeably YEN and YEN crosses, follow

“risk on / risk off” [RORO] parameters, it’s relatively easy to just put the SP500

chart on a split screen and see the correlation … lately, the trading paradigm has

shifted to yield differentials for a variety of reasons, but shifted it has … go to

TV and open a FREE ACCOUNT AND FOLLOW THE 10 YR. U.S. TREASURY

YIELD … here’s a screenshot from my system directly below

… the Turnkey m1 & TV.

Next, go to www.netdania.com and sign up for a free account, and get access to

anything & everything traded with charts of a multitude of chart options,

including UNDER 1 MINUTE … right now, since we find ourselves on the fringes

or directly in “The Twilight Zone” [TZ] for EURUSD, USDJPY, & EURJPY, I’m using

a 15 second candlestick with HMA of 11, close … TEMA of 8, close … CCI of 8

[use -100 to +100 as the “zone” for trades … outside of that leave it alone]

… directly below a screenshot of this setup on 15s. [Netdania doesn’t offer VIDYA

in their indicators library, so I use HULL cuz it’s very similar, and I use close cuz

they don’t offer median]

So when the m1’s get too slow cuz YEN or EUR is moving too fast [or any other

pair you’re following], and we find ourselves in the TZ, switch your scalping to

the 15 second, and then use your platform for order entry … I’m still

experimenting with parameter settings, but over the last 2 days the ones I just

gave you work well, so for now I’m gonna stick with these parameter settings

… even today, when it seems slow, it isn’t … although ranges are lower cuz we’re

one day removed from FED STUPIDITY DAY, and some have backed away until

that clusterfark is over and done with, YEN is still moving strongly and at times

leaving the MT4 m1 in the dust … and if you are trading with razor thin spreads

and minimal to ZERO slippage, using the 15s can be a great advantage over

others who have much higher spreads and are on slower systems … fortunately

[knock on wood], Turnkey is one of the very best out there, IF NOT THE BEST, in

USDCAD, EURUSD & USDJPY, and right up there for EURJPY & GBPJPY

… EVERYTHING ELSE they offer [maybe excluding AUDUSD & AUDJPY], and

you’re grocery shopping at the Conoco MiniMart for your household groceries

every week … how many of you do that?

At 07:45 NetDania server time in USDJPY, for my first PAMM trade today I used

the 15s, and checking the CCI, which was “good to go”, I bought USDJPY at

134.394 … within mere seconds it was above .405 but couldn’t sustain any up

move … I gave it a few seconds to see if “buy fuel” was coming in, realizing

slower systems and those on the m1 or m5 might be slower … the “BUY FUEL”

didn’t materialize … when the bid lowered to .401 I liquidated, and got filled at

the bid price … no commissions, and there it is in less than 30 seconds

… compare that with Turnkey m1 at 14:45 and there’s no trade anywhere to be

made, yet in both we’re TRYING TO DO THE SAME THING … and so what in

essence we’ve done, is remove ourselves from the TZ in the m1 realm, and cross

over to the 15s realm where everything is much, much FASTER, and relatively

normal! … and that’s exactly what’s needed when ranges OR trading conditions

make the m1 unreliable … I simply used the Netdania chart for reference, and

then did the order with Turnkey … pretty simple … oh, and I don’t have to pay

the likes of TV thousands of dollars per year for the privilege of using charts that

are less than one minute.

The only caveats I would mention, are 1) that you have to be of the mindset to

“take the scalp” when the market either slows down or stops going in your profit

direction … you can’t hang around and “wish” for more … and 2) I would wait for

good setup moves, and not take every HULL / TEMA crossover that came down

the pike … be judicious here … but if you got the razor thin spread, no

commissions, and minimal to ZILCH slippage, this is a “no brainer” floor trader

scenario that is practically “foolproof” if you utilize it correctly … it’s why 1 or

2 lot traders on the floor back in the day [pond scum they were called] could

make $500,000 per year and never take anything home, and go on 10 vacations

a year, and keep that “smoking hot” runner over in the hog pit he’s dating, in the

lap of luxury she demands and wants … do “stupid shit” and lose the income

stream, and the “babe” is out the door for the next guy … in the infamous words

of Gordon Gecko in “Wall Street”, these floor locals wouldn’t know the difference

between “preferred stock and livestock”, but they know how to make money!

Now, don’t get me wrong here … I’m not suggesting every single one of you that

sets his/her/whatever you are eyes on markets has what it takes to do this … you

need the “right mindset” … however, there isn’t a person on earth that couldn’t

do this IF THEY WANTED TO … most of these clowns on the floor were dumber

than a box of rocks … it’s all discipline, patience, and learning how to do it with

the proper algorithm & rules … DISCIPLINE & PATIENCE ARE FREE, and the

algorithm you got access to thanks to yours truly [your welcome] … question is,

do you want to make money trading or not? … if you do, the path is right here and

you can start with any amount of money no matter how small … this blog should

be viewed as “continuing education” [CE] for you … first start on a demo, then

when comfortable go to live trading … this isn’t rocket science or brain surgery

… do what you’re supposed to do when you’re supposed to do it, and the money

takes care of itself … DON’T GET MARRIED TO A MARKET! … trade it, don’t date

it! … all that matters are 1) razor thin bid/offer spread, 2) no or very low

commissions, and 3) minimal to ZERO slippage on fills … right now for the

PAMM, as I look at my screen, Turnkey has a 0.0 - 0.3 PIPS bid / offer spread, no

commissions, and I’m on the fastest platform they offer … ditto with USDCAD,

OR EURUSD if that’s your preference.

And quite frankly, your trade size can be as big as you want it to be, and in at

least EURUSD and/or USDJPY, you can easily do 5 - 10 million stuff

[± $500 - $1,000 per PIP], and most likely a Helluva lot higher than that if that’s

your desire … when I was on the floor many years ago [ancient history now, yes I

know], before stock indices were created, I used to routinely trade 1 - 2.5 million

stuff in Swissy, Yen, & Cable every day … about 6 ½ hours of “Scalp-A-Rama”

that most days was like shooting fish in a barrel … well, we don’t have that now,

but we also don’t have to commute into shitholes like Murder, Illinois

[a/k/a “Chicago”], and pay $500,000+ for a membership to do it! 

There is absolutely no need to trade markets that have high costs to trade … all

they do is rob you of money … do you drive down the highway throwing out $20

bills? … trade the markets that give you the best opportunity to make money

… PERIOD! … I’m pretty sure there are a ton of brokerage houses open to people

who are not citizens or residents of the U.S. financial police state … you have the

pick of the litter! … I would choose NO KYC houses that utilize crypto for

deposit / withdrawal, but immediately upon deposit they place the funds into

your account in either USD or EUR … no exposure to crypto madness … for

U.S. folks, it’s tougher … if you like USDJPY, EURUSD, or USDCAD, you literally

can’t beat Turnkey, but in order to get on their fastest platform [for free] you have

to start with a $5K balance or higher … for others, SIMPLE FX is good for stock

indices, and CEDAR FX has a very good to excellent selections of markets

… both no commissions and NO KYC … and literally every market traded is

available at Netdania for under m1 time frames.

So when is it appropriate to use the Netdania 15s charts with shortened algorithm

[shortened cuz we don’t need the HULL 200 EMA]? …EASY PEEZEE: First look at

the pair you’re trading and determine the total cost to trade it [bid / offer spread +

commissions if any, plus “usual” slippage] … then go to the m1 candlestick and

put 2 simple MA lines on it … 60 period high, 60 period low, any color … take the

difference … that’s the average range for the m1’s every 60 minutes, and gives a

very good picture of VIX at that moment … determine “Trading Ratio” [TR], which

is simply the average range in PIPS / total cost to trade … for the PAMM at

Turnkey, I place total cost at 0.5 PIPS … it’s usually less than that, but it’s a nice

round number and makes for easy math … as long as the TR is > 2.0+, use the

15s for scalping … today, as slow as it seems, I just took the reading for USDJPY

at 10:46 AM EST [17:46 Turnkey server time], and the 60m avg. range = 3.5 PIPS

… 3.5 / 0.5 = 7.0 and for USDJPY most days these last few months have been

running between 5.0 - 14.0 [when things get bat shit crazy] … the higher the

number, the more the m1 chart with algorithm will miss scalp trades, and the

more the 15s becomes far superior … just looking at daily ranges isn’t going to

give you the info you need, you need to calculate the TR.

Turning to today’s slot machine happenings inside the world’s largest casino, I

asked rhetorically yesterday if the YEN would ever have another UP day?

… forget rhetorical! … and via the link I provided, we learn that the BOJ is buying

TRILLIONS OF YEN IN 10 YR JGB’S to maintain the yield curve control [YCC] in

the 10 YR JGB … what part of insanity are “Peter Pan” Kuroda & crew devoted

to? … how long can they keep this massive money printing going on, that

ultimately keeps the YEN going lower? … and what if the FED tomorrow raises

rates by 75 or 100 bps? … what level does USDJPY stop at? … 140? … 150?

… higher? … and this is a “safe haven” currency? … is Biden giving advice to

“Peter Pan” Kuroda? … one seriously wonders.

Heading into the London Fix, a gigantic puke in FX, which sees USDJPY once

again assault the 135 level, mainly cuz not only is the early rally in “Spoos”

getting faded, so “risk off” is prevalent, but the 10 YR. Treasury is up past 3.40%+,

knocking on the door of 3.50% … and while it may seem slow today, it ain’t … with

a TR of about 7, YEN is trading actively and well …  a little nutso, but that’s OK on

the 15s, while it ain’t OK on the m1 … and if your predilection leans towards

either EURJPY or GBPJPY, the TR’s have been between 2.0 - 3.0 pretty much all

day long … in “Stock Bellies”, if you can get a good DAX40 spread [CEDAR FX],

the TR there has been around 6 for multiple sessions, so it’s a very good

candidate as well … btw, CEDAR FX spread in DAX40 is a solid 1.4 index points

from the European pre open to the NYSE close.

Multiple algorithm buy signal trades today off the 15s chart platform at Netdania

with orders going to Turnkey in USDJPY … with the last couple of “up slightly”

days + today, UP a little shy of 0.1% … volumes and number of trades will go up

rather quickly, including tomorrow, and once the FED is out of the way, we can

really get cooking. 

All-in-all, everything depends on VIX each day you trade, and it is absolutely

essential you adjust with it via your trading model … finally I have what I need

that gets as close as humanly possible to what existed on the trading floor back

in the day … there have been a literal SHIPLOAD of challenges over the months ,

from market paradigm shifts that lasted decades to now central bank manipulation

on a number of fronts, to platform & algorithm issues that seemed

insurmountable at times … it’s not completely perfect cuz nothing ever is, but

I’m extremely pleased with what we got now … GiddyUp into the FED meeting

tomorrow!!

… outta here … “The future’s so bright I need 2 pairs of sunglasses😎😎, and

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

-vegas