Thankfully past the scam known as “NFP Friday” … also past summer trading
bullshit and the month of August, which historically is one of the worst trading
months facing traders … on the bright side, it has given me some time to
research & analyze both the Super Scalpers Algorithm v3.1, and also refocusing
on binary options … and oh boy, things are moving at warp speed throughout
the binary world with a ton of changes since last i wrote the binary options
manual … I mistakenly thought I could “get a handle” on things over maybe a
week … yea, that ain’t gonna happen! … I need more time to do a thorough job
of it, and so the binary options manual update is gonna be delayed … I’m really
focused on bringing to you the best available strategy for profitable trading
IMHO, and letting you take it from there … stay tuned, in the days / weeks ahead
I’ll be bringing it when it’s ready.
Until then, let’s focus on regular trading, and in that sphere I have some light
changes that IMHO make the Super Scalper Algorithm v3.1 better … there is an
MT4 indicator called “RSX of Momentum”, and essentially it’s a smoothed RSI
without the lag … on the m1, it does the same job as the UniFisher Transform
[UFT] but is slightly quicker, and it’s much better than the momentum indicator
that’s in the MT4 library, which has no smoothing functions in it … and that can
lead to a slew of “false positives” when VIX slows down … set the periods to 7
and match it up on your screen with the UFT, and see which one you like best
… for me personally, I like it slightly better than the UFT, but that’s just me. The
oscillator is over in “Download Links” for you to download and install onto
the MT4.
Here are some intra day screenshots from Friday of markets I’m attempting to
trade for the PAMM, which are DOW30, WTI Crude Oil, & USDJPY [could also be
EURUSD and/or GBPUSD depending].
DOW30
On each screenshot, the m15 is on the left with SuperTrend 4, 1.3 & AQUA UP /
WHITE DOWN trend, and my proprietary VIX risk models [RM] of RM=3 & RM=4
as support / resistance … on the right is the m1 with SuperTrend 8, 1.3 & AQUA
UP / WHITE DOWN trend, and RM=1 & RM=2, and the “RSX OF MOMENTUM”
OSCILLATOR, with both parameters = 7, LIME UP RED DOWN.
Gold and USDCNH haven’t made the cut at Coinexx to trade … gold cuz it needs
better ranges & VIX and then I’ll begin to watch it, and USDCNH simply has too
high of a spread … the best place to trade USDCNH is at IQCENT, where the
bid/offer spread is usually 3 PIPS, no commission, and the hours to trade it are
around 9 PM EST - the London Fix the next day, which is NOON EST. … I’m not
gonna change the manual for the algorithm, I’m just presenting to you an
alternative … pick which one you want and go with it, or have both up … use the
m15 for scalp trade direction, and then implement based on readings from the
m1 … Holiday tomorrow obviously, but I’ll see what gives in the Asian night
session … onto the week.
Directly below, this week’s 20 Day Range MA’s for selected markets.
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