From my perspective, all I can do is shake my head and chuckle … for weeks if
not months, I get emails from readers of all stripes asking, “where’s the options?
… where are the binaries? … when you gonna publish something? … so, I study
it, research it, become familiar as best I can with it, and then give it my best shot
… in the history of my blog posts, I’ve never gotten so many emails from readers
who are on both sides of the spectrum, as I have since I released the binary
options manual last weekend … “this is brilliant … this sucks! … this is a scam!
… I must be a shill for the house! … and on and on “blah blah, yada yada” … my
first reaction is, “well, it would be helpful if you actually read the manual and took
what I said and implemented it, rather than tell me I’m full of shit … but no matter,
I spent most of my adult life in a trading pit, so I know a thing or two about human
nature, spoils of war, bullshit when I smell it, slings and arrows from
knuckleheads trying as hard as they can to get under my skin, and generally
the lowest common denominator of brains on the planet … so, nothing really
bothers me!”
People wanted my opinion and advice on trading binary options … I gave it to
them … take it, leave it, throw it away, WTF do I care? … it’s just one part of the
trading puzzle some will find appealing and others won’t … and while I now look
at the OTC binary options charts [m1] with the algorithm I developed, in BTC &
Doge, it’s not where I spend most of my time, nor commit tons of resources [that
would be account money for you Biden voters] to it … quite frankly, and I’ve said
this about a thousand times since I found IQCENT and their platform for trading
regular, normal spot Bitcoin trading [BTCUSDT] … given the way BTC moves and
its ranges and almost ZERO cost to trade, why trade anything else, and put up
with the bullshit of scumbag LP’s & their slippage games? [unless of course you
have to cuz you can’t trade BTC without getting ripped off, hello PAMM at
Coinexx!].
So, if you don’t like or want to trade binary options then don’t!
Onto today’s pile of manure inside the casino piled high to the ceiling! … PPI data
coming in under consensus by more than predicted … quite frankly it doesn’t mean
Mr. Jack “Diddly” Squat in the scheme of things, except the fact the FED is through
tightening for this cycle … and the markets already know this … now, the $64,000
question for markets going forward become, 1) when does the Biden depression
come, 2) when does the Dollar collapse into dust, and finally further out in time
3) when does the Yuan [gold backed] become the world’s reserve currency and
replace the Dollar?
Looking at all 3, it leads me to believe a number of trading criteria that are
important … 1) the main dollar pairs are about to “take off” north, 2) “Stock
Bellies” will discover a new “lost decade” of chop dead ahead, 3) crude oil
becomes “Yuan-ized”, and 4) the best trading action will be in FX major dollar
pairs and not any of the crosses … of course, we’ll get from time-to-time cross
movement, but overall the majors will move together against the dollar, rather
than pursue their own trading agenda … and for that reason, it only makes sense
to “trade” the dollar major pairs … given the low spreads, less slippage, high
volumes & liquidity, it’s hard to analyze EURUSD and find fault with it as a
trading vehicle … both YEN & Cable I’m leery of for different reasons, and AUD &
NZD lack in movement too often … USDCAD might be a good secondary choice,
but the “Loonie” has been known to go “sleepytime” and leave traders wanting
… like I’ve said before, everything has warts, pimples, blemishes, and scars and
there is no perfect market … except BTCUSDT at IQCENT, where even if BTC is
rather slow, when your cost to trade a 1 lot [1 BTC] is 1 penny versus the other
major crypto houses at $35+, you can profit while others can’t even get out of
the spread necessary to see profit.
Overnight, AUD moved higher on better than expected employment numbers, so
the cross [GBPAUD] got whacked in a microsecond in the Asian session … so on
reports like that, crosses might outperform, but other than that the dollar pairs
will trade better, with smoother trading action with less gaps and bullshit
surprises along with less slippage … looking at ranges, it’s hard to beat EUR,
GBP, JPY, or CAD in the dollar pairs, and their ranges and trading action have
been fairly consistent over the last few months, with only a few dead spots … take
your pick and deal with the warts!
Moving over to Bitcoin trading, BTC holding well above 30K … at least so far,
repeated attempts to smack it lower have failed rather quickly … that bodes well
for further gains, but like always, it’s just a trade … “trade it, don’t date it!”
… again, I’m gonna repeat cuz it’s worth repeating until you see it tattooed on the
inside of your eyelids … “with a cost to trade of as close to ZERO as you’re gonna
find, there isn’t anything on the board that moves like BTC, has the range of BTC,
and offers the opportunity of BTC that’s out there … not even close! … so even if
you don’t care for binary options, it still behooves you to open an account at
IQCENT through my affiliate link and trade their crypto pairs … money is money,
doesn’t matter whether you love or hate crypto … it’s a market like all the others
… in other words, blimps on a screen! … both the Mrs. & Miss Gimpy have
switched focus and now pretty much only trade either BTC or Doge, in regular
trading format at IQCENT, and both use a combination of m3 running the binary
algorithm and m1 from the MT4 [BTC only] … occasionally they will wander over
to the OTC binary option area, being run on a different screen, if they see
something they might be interested in, but mostly it’s just regular BTC trading
with a sprinkle of Doge … for me personally, it’s mostly 100% BTC regular trading.
Some readers have emailed me about IQCENTS lack of a bid / offer cue where
traders can see the various bids & offers in the market and how they move … OK,
if that floats your boat, pay $35+ to see “spoofed” bids & offers from “whales”
that come and go like squirrel farts in the wind, or open a demo at someplace like
Phemex or Binance and follow that kind of worthless data to your heart’s content
… those big bids & offers don’t mean shit, but if you like seeing them, then be my
guest … all I’m saying is, do the order entry and trading at IQCENT cuz of the
superior trade cost conditions and pocket the saved money [over time it’s
considerable!] into your pocket instead of throwing it away to scumbag
brokerage houses and/or market maker LP’s on the platform.
For the PAMM, I switched over to trading EURUSD in late morning New York trade,
and you can clearly see that once the London Fix comes & goes, most FX
volumes, liquidity, and price action tumble significantly … not every day, but
today for sure … the PAMM UP SLIGHTLY … trading EURUSD today was mostly a
problem solving venture … used a buy signal to trade / scalp EURUSD paying
close attention to latency & price fill away from both bid and offer … both
acceptable, so I don’t expect any trade problems going forward … “The
Syndicate” did no trades today in BTC … signals were there, but the range in
BTC today from the time I hit my screens is only about $400 … that’s pretty
pathetic for BTC, and I expect more from the market, but today didn’t get it
… no problem, tomorrow is another day.
I will point out, that in SPECIFICALLY trading EURUSD, I can substitute the binary
algorithm in place of the m5 on the MT4, and utilize 2 m1’s charts … I can do this
cuz the necessity of using the m5, which is very useful in volatile markets, isn’t
quite as important in less volatile markets like EURUSD … AND IF EURUSD is a
market that you trade regularly, it’s traded equally well with about the same very
low spread seen at Coinexx, also seen at IQCENT … and the margin leverage for
EURUSD AT IQCENT is 500 : 1, which is quite a bit above that offered by other
houses … at current price of around 1.10520, the required margin at IQCENT is
$222 on a 1 lot standard volume [100,000 notional] … I’m not suggesting using
this high of leverage, but it’s there, offering flexibility to aggressive traders
wanting raised stakes.
And, if you do regular trading only, there’s no reason your entire charting
package can’t be at IQCENT … you get higher leverage, and the algorithm
components from Trading View [TV] are included in the library of indicators,
although the tick volume indicator histogram and Heiken Ashi Smoothed are
missing … what I don’t like about MT4 charts is the fact that the time periods
aren’t extensive … I do like m3 charts, a good “go-between” of the m1 & m5
… fact is, though, the binary algorithm on the m3 for regular markets mirrors very
well that offered by the v2.1 trading algorithm for regular markets on the m1
… m1 to m1 also mirrors well … my point is, no trader is getting cheated by using
the IQCENT trading platform when it comes to charts or indicators.
I also find IQCENT’S SUPPORT STAFF better than most … quite frankly almost
anything is better than Coinexx, and while it was around Turnkey had the habit of
stinking the joint up … bottom line is it all boils down to flexibility in your trading
… what can I do there, what does it cost to trade there, are major markets offered
for trading there, etc. etc. … so whether you love or hate binary options, love or
hate regular trading markets, or love or hate crypto, the flexibility is there for you
to find what you need … quite frankly, it’s never an easy task … 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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