I know, it was the changing of the clocks that did it, right? … and so, we start
another Monday after Friday NFP Idiocy [historically the second worst trading
day of the month], with anything [excluding crypto of course] you can call a
“market” [cough, bullshit, cough], and you’ll get more action at the county
morgue than anything you’ll see from your screen … one surefire dead giveaway,
is the fact that the scumbag LP’s at Coinexx have increased the bid/offer spread
in GBPUSD [Cable], cuz with no action they need more money from those that
do trade to make up for the lack of any movement in the marketplace … and
they’re gonna get their money one way or another you can count on that, and if
that means fucking people so be it!
Meanwhile over in cryptoland, the sun barely up in “Biden’s Gulag” [a/k/a New
York] and we got crypto shining as bright as the sun! … and why not? … as the
only “true FREE markets” not manipulated to death by central bank
Apparatchiks every 90 seconds, they behave as markets used to behave before
the Japanese taught everybody in government how to manipulate for success
… with no scumbag banks and an almost 100% spec affair [along with “arb”
activity], everything you think you know about the psychology of “greed & fear”
on display for all to marvel at … and if you “tap into that” and follow the
algorithm, you’ll discover why you should be trading it as well … already today,
my favorite crypto pair XRPUSDT [Ripple] has an approximate 700 tick range,
and with trading at the 4th decimal place, a 1 tick bid/offer spread with NO
COMMISSIONS [THE VERY BEST & LOWEST COST ANYWHERE!], if you’re not
trading it, or another crypto pair, just WTF is it you want from a market, or from
trading in general? … WUT!!?
Well now, it appears Moses must have stirred up some “animal spirits” from
somewhere, cuz just like that Cable starts to melt down … maybe FX is
embarrassed by what crypto is doing? … maybe the manipulators realize we got
to let a little VIX out of the barn? … maybe a FED Lounge Lizard opened his PIE
HOLE for some “blah blah, yada yada” with some “higher for longer” bullshit on
state run North Korean MSM biz channel CNBC or Dumberg, cuz they got the
call from some bank that they need a little help with their short positions from
late last week? … file under “FX Manipulation” for $1000 Alex, and I’m going
with PIE HOLE bullshit!
Well, that certainly was uneventful wasn’t it? … and you thought those big ranges
in FX were here to stay? … Silly rabbit … the manipulators aren’t gonna let that
happen, and quite frankly they’re probably a little pissed off about last week’s
movement and resultant higher ranges as some specs probably made some
money … but that was last week, this is now, and the game changes in a
heartbeat when they say it does!
What a bag of dog shit for any traditional market today … embarrassingly low
ranges in FX … was gold even open? … wow, the DOW30 has a 100 index point
range, how can that be any worse given slippage and spread games? … and not
forgetting oil either, which might as well as been closed for the day … Nope, only
crypto saved the day, with one of the best days EVAH!!! In XRPUSDT, WHICH
LAST I LOOKED HAD ABOUT A 900 TICK RANGE! … I made so many scalp trades
in XRP for “The Syndicate” today, my fingers need massage therapy!
And I want to highlight the 2 critical areas you need to pay attention to in crypto,
to be a CONSISTENT PROFITABLE SCALPER … 1) DO NOT FADE MOMO,
represented by the A) ZERO LAG STOCHASTIC [ZLSTO] & THE ZERO LAG
MA [S] [ZLMA] LINES OF 96, 19, & 9 periods respectively in terms of importance
… 2) KNOW THE CRYPTO PAIR YOU’RE TRADING AND ITS “BASIS” TO A MAJOR
MARKET PLAYER.
And today, I want to focus on the 2nd part of this, which is knowing your “basis”
… pick any one of the following … Binance, Phemex, or Coinexx [an LP market]
… I use Coinexx for XRPUSDT cuz it’s on the MT4 and I can put the full algorithm
on the m1 candlestick chart … during the course of the trading day, the “bid” at
Coinexx in XRPUSDT will be -20 to +20 ticks difference from the 1 tick bid/offer
spread at IQCENT … anything between -5 and +5 is considered a neutral value
cuz while IQCENT HAS A 1 TICK SPREAD, COINEXX IS USUALLY 7 OR 8 TICKS
… SINCE i’M BUYING CRYPTO FOR SCALP PURPOSES [you could just as easily
pick the short side], I obviously want to buy, FOR NORMAL SCALP PURPOSES,
only when the 96 ZLMA is steel blue [up slope], and when it’s pink leave the trade
alone … then I want to see the 9 & 19 ZLMA be plum & aqua respectively … I then
look for scenarios where the basis goes negative [price at IQCENT IS LOWER
THAN BID PRICE AT COINEXX], and when I see the Coinexx price spike, I buy at
IQCENT … normally, you got about ½ a second before the price adjusts higher
… you snooze, you lose! … if I want to be aggressive in my buy scalps, I’ll also
do it if the 96 ZLMA is pink but the other 2 are plum & aqua [up slope in both]
… I did that today cuz of the big range to the upside, figuring that a reversal
type day when the range is 900 ticks is a very, very low probability … cuz if you
just go in at IQCENT and buy XRP on an algorithm signal, and you don’t know
where the basis is currently at, if it’s above +10, you more than likely going to
see your position struggle if at any time the market slows down from a rally
… they will take that “basis” trade away from you in a heartbeat! … granted,
it takes some getting used to and there’s a slight learning curve, but if it was
sooooooo easy your deadbeat Uncle Eddy from Lower Alabama [for you Biden
voters, that’s the panhandle of Florida] could do it, HE’D BE DOING IT! … and
obviously he ain’t, so do very low volumes and learn to do it! … don’t make
this “rocket science” cuz it ain’t, just teach yourself the mechanics I’m
writing about.
No trades for the PAMM today in Cable … seriously, not for lack of want, but for
lack of any VIX to the upside in any way, shape, or form … onto tomorrow … for
“The Syndicate” over at IQCENT, I’m gonna need a bigger shed and a forklift to
put the XRPUSDT trades in … wasn’t expecting a 900 tick range today, but
welcome to crypto … “THE SYNDICATE”” UP APPROXIMATELY 0.8% ON VERY
LIGHT VOLUMES … only cuz the range was blown out when I got to my screen,
and the market was a bit extended anyway … well, it got more “extended-er-er”
as the day wore on … perhaps Moses got his wish! … cuz he never mentioned
which market, only more VIX … everything is always in the details isn’t it?
… 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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