The CME routinely trades over 500,000+ emini NDX100 futures per day [$20 per
index point per 1 lot volume], and routinely trades over 1,000,000+ micro NDX100
futures per day [$2 per index point per 1 lot volume] … and it should come as no
surprise, this is the index futures contract that routinely gets the most volume,
having replaced the emini SP500 futures contract … but why would anybody in
their right mind trade futures in the U.S., when you can trade the CFD’s offshore
with so many more advantages? … 1) margin for emini NDX100 [20 * INDEX] =
$16,800 PER 1 LOT VOLUME … margin for micro futures [2 * INDEX] = $1,680
PER 1 LOT VOLUME … margin for NDX100 CFD at IQCENT = approximately $30
[1 * INDEX] [500:1 leverage for margin purposes] … “HOLY CRAP BATMAN,
WHAT A DIFFERENCE!” … 2) in the U.S., every trade monitored and tracked by
government with a 1099 attached to each trade and sent to the IRS … offshore
brokerage house? … “we report nothing and send nothing to nobody”
… think what you want, this isn’t my opinion, it’s simply a FACT.
The micro futures of course, the CME’s attempt to siphon off biz from offshore
houses, and since most traders in the U.S. are as bright as a 10 watt bulb, they
bumble and stumble their way to a host of problems offshore accounts don’t
have … my point here, is that the NDX100 should be one of the best indices for
excellent volume & liquidity, and the futures allow the house to hedge anything
you wanna do for a reasonable slippage off the futures … and with a 20 Day
Range MA of ~ 217 index points during the NYSE session [9:30 AM EST - 4 PM
EST … 6 ½ hour total], you get an excellent bang for your margin buck offshore,
without having to spend enormous hours in front of your screen … and at
IQCENT you have an excellent CFD with tight spread [AROUND 0.7 INDEX
POINTS DURING NYSE HOURS], no commissions, and no “PISS ME OFF”
slippage that I’ve experienced … definitely can’t say the same at Coinexx, where
the real spread isn’t that good, and the slippage is horrific … absolutely
GUARANTEED they’re gonna gut you like a fish for dinner on every buy/sell
you do.
So when Bitcoin slows down like it did today, although late breaking “blah blah,
yada yada” from the former head of the SEC that BTC ETF’s would become a
reality, sent BTC soaring over $800 … before that, though, it was a dead affair
… no worries, simply moved over to NDX100 and traded that market … pick
your poison, and always have a “Plan B” when a market dries up and goes
“sleepytime”.
I want to make sure readers understand the “UniFisher Transform” indicator
… it takes prices over a specified input period [I use 10 on the m1], and converts
them into a Gaussian probability curve. As a reminder, the normal bell curve
looks like this.
Two [2] standard deviations [SDEV] from the “mean” [average] [“μ”] and your
price only has about a 5% chance of seeing a data point farther than 2 … using
positive for gains and negative for price going lower, on my m1 chart I place levels
2 and -2 with a dotted line on the UFT indicator … I don’t take buy signals of a lime
over red crossover if it occurs ABOVE 2, and I don’t take sell signals of a lime
under red crossover if it occurs UNDER -2 … furthermore, observe carefully the
rise or drop of lime versus red when in a position, cuz often times approaching or
hitting that level, price will stall and either flatten out or reverse, neither of which
is good for your position … and yes, when markets get moving very strongly,
readings can easily get above 2 or below -2, especially in Bitcoin, but they won’t
stay there for long before coming back to “normal” readings below 2 or -2.
In other “Special Trading Algorithm v2” news, over the next couple of weekends,
I’m gonna be expanding the support / resistance bands of the different “Risk
Models” [RM] where appropriate, AND create a “slower VIX model for RM = 1 -4”
to go along with the current setup … e.g., “Stock Bellies” have been particularly
slow lately, having lost quite a bit of value in the 20 Day Range MA versus months
ago when they were 50%+ higher … the RM=1 for the NDX100, which under
normal conditions would be hit at least once or twice a day, is currently too fast
for current trading conditions … therefore, it needs a slower VIX RM to deal with
generally lower VIX we’re seeing now … this upcoming weekend I’ll be doing FX,
specifically YEN, but relatable to other FX pairs as well, and creating a normal &
slow VIX set of models … I’ll do the same for “Stock Bellies”, and try to get to
crude oil, gold & silver … I’ll then post to “Download Links” a file directory with
all of the mql4 files for each market, for easy download of the ones you want
… THIS WILL GIVE YOU MAX FLEXIBILITY IN YOUR OWN TRADING!
… stay tuned!
Turning to today’s “Slots-A-Rama” kabuki inside the world’s most corrupt
casino, another blitzkrieg today LOWER in USDJPY, as long position holders get
the wood put to them by the banks … more and more sell stops getting hit, and
who do you think is doing the pushing? … rates ain’t going that much lower to
justify this, so IMHO it’s all order flow… tomorrow sees U.S. CPI inflation numbers,
so I would imagine at some point today there will be a push higher in USDJPY to
cover recent heavy drops lower, or at the least some useless sideways movement
that the U.S. session is becoming known for … nothing but money laundering on
this side of the globe … so, we’ll see cuz it’s very early yet.
The sun barely up in “Biden’s Gulag” [a/k/a New York], and already USDJPY acting
like a psychotic teenage girl on meth … let the chop commence! … and as the
scumbag New York banks take over, it only gets worse into the London Fix and
after … and the excuse will be, everybody and their pet monkey positioning for
tomorrow’s CPI … what a bunch of horseshit … it’s ALL nothing more than banks
scamming order flow and handing out slippage … “it’s been a while since I was
in B-School … do they teach this “Scumbaggery & Fuckery” in B-School yet?
… asking for a friend.”
About a 500 PIP straight down “clean the order books out” of long position
holders in the last 4 trading days … a perfect time for the BOJ to intervene and
add to the pain, but they didn’t … why not? … good question … maybe cuz they
know rates ain’t going down that much and they don’t want to use up “Ammo”
until it’s absolutely necessary? … you think they don’t already know U.S. CPI
from Spicoli or one of his Hacks? … and while the world is waiting for a softer
CPI print, and positioned thus so, what if it ain’t? … this inability to “stick it” to
YEN shorts and add to the gross pain of the YEN crosses tells me a lot … BOJ
silence is deafening.
And I’ll just add, to the markets in “Stock Bellies” and FX at IQCENT, the
marginable leverage they demand for positions in “Stock Bellies” [DOW30,
SP500, & NDX100] is 500:1 … over in FX, USDJPY & GBPUSD [Cable] are at 300:1,
and EURUSD IS AT 500:1 … you can make any market at IQCENT behave like
Bitcoin on steroids cuz of the marginable leverage available to traders … you can
be as aggressive as a “Kamikaze pilot” or as conservative as a “Church
Accountant” … you decide, not some fucked up exchange like the CME which
dictates leverage and margins and favors bigger traders.
STIRS staying “sticky high”, and after early moves towards 140, USDJPY has
stabilized and rallied a little on the 2 YR. T-Note yield inching higher from earlier
levels … “hey, we’re all interest rate traders don’tchanow?” … yield up to 4.88%
as the NYSE opens.
NYSE opens and we get the usual money laundering bullshit and the feeding of
the Chipmunks [mutual funds & hedge funds who have to buy in the first 5 - 10
minutes] … this is to insure against “fraud” between bank desk traders and large
funds … “yea right, how’s that workin’ out?” … what a FUBAR joke! … well, that
feeding went well didn’t it [NOT]! … and then here comes the second wave of
Chipmunk feeding … and yes, they’re hungry for fills most days! … we got an
approximate 63 index point range in the NDX100 here at the NYSE open … plenty
of room for action dead ahead! … and while BTC sits and diddle farts around,
“The Syndicate” finds itself looking at the NDX100 … if there’s a more corrupt
group of markets worse than “Stock Bellies”, I sure as Hell ain’t seen it … and
this “feeding” takes USDJPY higher on hopium cuz “Stonks” are rallying.
The speed at which USDJPY panics is something to behold … up or down, the
panic is roughly equal in scope … it’s not enough in traditional markets for a
long position to have the 2 VIDYA lines be LIME & AQUA, you also need a
correction down, so that the UFT [ALWAYS under 2] sees LIME GO OVER RED,
and price stays higher so that the 2 VIDYA LINES DON’T CHANGE COLOR … and
today, you see that once USDJPY hit its high around 140.900 and change, it was a
slide down for 3+ hours without the condition I just wrote about coming about
… now, this isn’t the case in BTC, cuz BTC is pretty much always bat shit crazy
[BSC] and you need to trade it IN THE DIRECTION OF THE PANIC … I’m still not
entirely sold on the fact that the USDJPY run higher is over for this cycle … more
rate hikes to come, and there’s no indication from the Lounge Lizards that “higher
for longer” is anywhere near over … nor is there anywhere any indication that the
insane BOJ will ease up on the monetary gas pedal anytime soon … and while we
can get “flushes of the toilet” to work off excess positioning, that doesn’t mean it
makes sense just yet to switch sides and take short position trades over long
position trades … CPI will give hints, and we get one tomorrow … if it ain’t super
soft and beating consensus on the downside, I expect “buy the rumor, sell the
fact”, and USDJPY rallies … we’ll see … but in any event, I will trade what I see,
not what I think!
Only 1 decent long algorithm trade today in USDJPY … PAMM UP
FRACTIONALLY … over in crypto land at IQCENT, I switched out of the NDX100
after the insane NYSE open, and went back over to BTC … “The Syndicate”
doing multiple trades today, and we’re UP approximately 0.4% … got out a little
too early on some nice runs, so I’m a little disappointed … 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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