We exist in a paradigm where there are NO RULES … take the word “never” and
strike it from your vocabulary … anything can happen at any time, and we’ve
previously not seen anywhere near the record number of double & triple reversals
we see now in FX markets … this is like no limit Texas Hold ‘Em … and because of
that, you absolutely have to “have the proverbial wind at your back” when trading
… meaning, some kind of short term trend has to be in place to give you some
cover … buck the trend, and you’re gonna find out “el mucho rapido” just how
fast the market can take away gains from you … minutes going up/down
… seconds taking it all away.
Without some kind of trend in place, your buy or sell signals are apt to be short
in scope and range, AND you will have a higher number of “false positives”
… could be one or two, or could be 5+ in a row … and if that traps you, you’re
gonna need a decent winner just to breakeven … on the other hand, if the trend
is long enough, say 20+ minutes on the m5, algorithm signal parameters are going
to “lock in” on that trend, and via the 15s chart at Netdania, you’ll get winning
scalp trade signals … losses for the most part, are only gonna happen when both
HEMA & Heiken Ashi smoothed change colors on a trend change … and if the
trend changes too often, both will go “flat” and lose their respective slope, a/k/a
“chop city” … you simply have to be patient and wait for your market to move
… anywhere, somewhere!, just frickin’ move! … when it doesn’t, don’t trade it.
Since the “Vix Genie” has been out of the bottle, the FX space has seen
increased volatility no doubt, and that’s reflected in a big increase in the 20 Day
Range MA’s … the parameters I’ve set for the Mrs. & “Miss Gimpy” [my niece
with a broken leg] work very well for directional trend in EURUSD, and then
attacking that market from the proper color side [ON THE MT4 M5, BOTH HEMA &
HEIKEN ASHI SMOOTHED = sky blue = UP, get long on signal from 15s via TEMA
OVER ALMA, OR ON THE MT4 M5, BOTH HEMA & HEIKEN ASHI SMOOTHED = pink
= DOWN, get short on signal from 15s TEMA UNDER ALMA.] … PARAMETER
SETTINGS ON THE M5 FOR HEMA = [14.33, 19.0. MEDIAN], AND FOR HEIKEN
ASHI SMOOTHED = [2, 6] … these settings are good for all FX pairs on the M5,
including crosses.
Well, just like that, here we go again with the reversal shitshow circus we’ve
become accustomed to … will it be 1, 2, 3+ reversals today? … ISM services beat
at 10 AM EST beat guesstimates, and the rocket ride higher commenced … shorts
trounced in seconds … specs get long again, after getting their brains beat in
during the Asian & European sessions in USDJPY … like I said, NO RULES
ANYMORE! … FED minutes coming at 2 PM EST, and will that precipitate another
reversal? … who knows, who cares? … if you care, you’re FOMO-ing, and that is
dangerous to your account … meanwhile, I’m growing more impressed with the
directional indicator for long/short positions adopted by the Mrs. & “Miss Gimpy”,
my niece who has started her FX career here at the Caribbean Hacienda with a
busted up right leg … quite frankly, I don’t think she’ll be going back to college
anytime soon! … why? … they’re trading EURUSD … as a side note, it is faster
on trend changes than the HEMA [63,144] on the 15s candlestick via Netdania
… plus, it gives a better overall perspective on the day cuz it’s based on the m5
… and from what I’ve seen, fewer “false positives” which is always a big plus.
Meanwhile, that ISM services beat has jettisoned the 10 YR Treasury yield higher
… can that stick? … and why is USDJPY only about 50 PIPS higher now from
right before the release? … shouldn’t USDJPY be skyrocketing? … we’ll see what
the FED Lounge Lizards say later in the day, but I smell recessionary fears
hanging over markets, and that means nobody is gonna reach for anything.
London Fix has come and gone, and nothing to that today … only the FED
minutes later today, while tomorrow sees ADP employment, and Friday is
another NFP Idiocy Day.
Multiple algorithm buy signal trades today in USDJPY … TURNKEY PAMM UP
SLIGHTLY … man-O-man were the scumbag bank LP’s waiting for us today with
sharpened knives … not at all happy with any of our fills today, with one fill in
particular seeing more than 2+ PIP slippage … talk about “scumbaggery &
fuckery”, well here ya go! … and the other fills nothing to write home to Mom
about either … and yet, we made money, and that’s all that counts! … up ‘till today,
fills have been excellent with no slippage to speak of, so I don’t know what to
attribute the shit fills to, and why today … I’d ask Turnkey, but that’s a complete
waste of time cuz they don’t give a shit … and one other thing of notice … now
that it’s July, Turnkey’s commissions are back in force … 0.002% for a round turn
commission … that comes out in USDJPY at current price to about 2.5 - 3.0
TENTHS OF A PIP … can’t say I’m glad to see commissions return, but on the
other hand it doesn’t matter much in terms of profitability.
Unless there’s some mystery info we’re all missing from the last FED meeting, I
don’t expect the minutes later to have much of an effect … maybe they do, maybe
they don’t … point is, it’s JPM, Squid, and a bunch of other virus scum Wall Street
banks making the market in late afternoon … thanks, but no thanks … onto
tomorrow.
… outta here … “The future’s so bright I need 2 pairs of sunglasses 😎😎, and
my own Brinks armored truck” 💓!! … Onward & Upward!!
-vegas
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