THE CHICOMS ARE "PUSHING ON A STRING"

 

“After 1 PIP in your profit direction!!”

Well, thank you ChiComs! … another day of “it’s over before it begins … 3 piddly

rate cuts in one day are gonna stimulate the economy? … sure, go with that idea

and PUSH ON THAT STRING! … plus some bad {lying] data sending USDCNH

skyward … thanks for playing “risk on / risk off” [RORO] at the ChiCom casino

… where’s Nicky Santoro when you need him?

All that’s left is U.S. Retail Sales, and it’s gonna take a sigma miss one way or the

other to move FX … we have started to see this way too often these last months /

years, as the ChiComs take over the world financially … let me say it again, why

do we even need New York for anything? …. Like Chicago, a first class shithole

run into the ground by clueless Libtards & Communists, and outside of the

money laundering that goes on at the NYSE open, what’s the point? … yesterday

a perfect example, when it’s only the first and last 30 minutes of the day that

matters and everything else is bullshit chop with ZERO interest and

trading action.

I have mentioned before the use of the slopes of the“Risk Models” [RM] volatility

level “zones” for support / resistance as a guide for which side of the scalping

equation to be on … the obvious risk, and it’s by no means minor in scope, is the

dreaded chop that can set in, and you get alternating, back & forth oscillations

that have you getting long on the way down and short on the way up … a decent

solution to this problem is to use the m15 candlestick and run the V3 algorithm

… you simply use higher RM levels … e.g., in EURUSD on the m1 I use RM=1 and

RM=2 and that will cover over 99.5% of all action in EURUSD … AT THE SAME

TIME ON A DIFFERENT CANDLESTICK CHART, I USE AN M15 WITH V3

ALGORITHM RUNNING AND RM=2 & RM=3 RUNNING … the UFT crossover *

slope and the slope of the RM’s will tell you which side of the ledger to be on for

MAX profit opportunity … you will be very close to EVERY TURN OF THE

MARKET BY ONLY A FEW PIPS [unless the turn is violent, like from some news

event] … directly below, the screenshot of both charts up and running … study

them carefully.

click on chart to enlarge

The m15 on the left has RM=2 and RM=3, and the m1 on the right has RM=1 and

RM=2 … the advantage of this type of setup, is that it prevents you from getting

hosed by a quick spike in price [up or down] without any kind of follow through,

that might otherwise get you into a position that’s a “one hit wonder” … the

disadvantage is that off bottoms and tops it’s a little slower to the right side of the

market … IMHO, it’s a good trade off, as you’re likely to get a lot more “one hit

wonders” than you are decent short term turns in the market … most turns take

time to make the turn and have to burn off excess long / short positions, or

attempts to take it one way or the other, and the vast majority aren’t “V’ shaped

bottoms or inverted “V” shaped tops … use this setup on every FX pair you trade,

but remember to use the USDCNH mql4 code for USDCNH … directly below

USDCNH … and for those who like to use the H1 or H4 charts, use RM=3 & RM=4

and experiment with those, depending on the pair … in any event, remember that

markets are fractal in nature, meaning what you see at the mirco level you also

see as you move out.

For FX, it’s ALL A YIELD GAME with the 10 YR T-Note. … 10 YR yield goes up, FX

pairs go down … 10 YR. yield goes down, FX pairs go up … and in the case of

USDCNH, over in ChiCom land [the Asian session], it’s all about the state run

ChiCom banks and what the PBOC does or doesn’t do … very little of this 55

PIP-ish range today in EURUSD [so far] has anything to do with anything else

… of course, scumbag LP banks play the front running game with order flow, so

there’s always that, and the V3 algorithm attempts to model that.

The ChiComs are already driving their way to a worldwide DEPRESSION, so the

question becomes, how long can the BTFD-ers keep ‘Stock Bellies” elevated

before a mini meltdown? … or a major meltdown? … one of the dirty little secrets

about getting rich trading any of the “Stock Bellies” is avoiding getting whacked

from the back “6” of the “88/6/6” paradigm … cuz when it comes it’s usually very

nasty in scope, and much quicker than the front “88” … the infatuation with the

tech darlings is the biggest bubble of all time, and when that ends [which at some

point it will] it will be epic in scope.

We reach the London Fix, and not much to show for range in FX, but the trading

action was good … got to my screens late today, and we had the retail sales BS

at 8:30 AM EST to avoid, so it was kind of a shortened day … still, some good

signals in both USDCNH & EURUSD … one decent algo buy signal in EURUSD

... PAMM UP SLIGHTLY … for “The Syndicate”, over at IQCENT UP SLIGHTLY AS

WELL … onto tomorrow!

…  OUTTA HERE … “The future’s so bright I need 2 pairs of sunglasses 😎😎,

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

-vegas