One of the hallmarks of any system before it collapses, is a dramatic increase
in chaos, and the velocity of that chaos to spread rapidly to participants … in
other words, how many reversals can the system handle, and how fast do they
come? … and the answer is, too “Hoover Dam” fast! … and it makes for some
very rough trading! … gold a nightmare [today a double reversal and it ain’t
over yet!], “Stock Bellies” not very far behind, and other markets like FX
beholden to “Scumbaggery & Fuckery” from the usual suspects based entirely
off of order flow … and about the only thing certain about order flow, is that
it’s a constant scumbag banks take advantage of and move FX.
Quite frankly, there is very little that can be truly scalped on the MT4 … bid/offer
spread bullshit games, commissions, and slippage the great equalizer for the
banks … what is clear, is that central banks will do anything to preserve the
status quo when it comes to FX trading, so a combination of “day trading” with
scalping makes a lot of sense, especially when other markets are coming
unglued … just too fast of movement in “Stock Bellies” and gold with risk
parameters blown to Hell in the process … case in point the DOW30 today, which
was a nightmare mess both up & down, and the usual reversal games in gold,
thank you very much FED.
And since scalping EURUSD at Coinexx can’t be done successfully cuz of
spread games + slippage, stepping up the ladder of VIX and widening the spread
a few tenths of a PIP, we come back to GBPJPY … it won’t be a true scalp, nor will
it be simply a day trade … mix the two … and to that end, in order to add a
directional component to the trade [as good as the m15 IMHO], I add the ZERO
LAG MA AT PERIOD 96 [steel blue up slope, pink down slope] … my buy
algorithm trades I want to see steel blue, and if pink I generally avoid them
… directly below a screenshot from today’s trading.
It’s important to note also the risk or reward of BOJ YEN intervention … if they
are to intervene they do it when, 1) too many longs in the marketplace and they
trap them with a rally first, and 2) you don’t sell into strength in USDJPY, you sell
into weakness, cuz the market is already willing to go down and longs are
already bailing out … remember, the purpose of intervention isn’t to make money,
it’s to punish specs … the worst thing that can happen is if you intervene and the
market gobbles it up and goes higher still … now what? … and that’s why they’ll
always sell USDJPY on weakness, and why you follow the algorithm!
No trades in anything today … tomorrow is a “bigly & yuge” data dump, along
with the FED interest rate decision … plenty of action tomorrow.
… OUTTA HERE … “The future’s so bright I need 2 pairs of sunglasses 😎😎,
and my own Brinks armored truck” 💓!! … Onward & Upward!!
-vegas