We “arb scalp” cuz it’s available to us, and it has a very high probability of
success … it’s simply what the LP does on the MT4 without you seeing it and
it’s what every “arb” firm does on crypto “open order book” [OOB] platforms
… but instead of taking on all comers, I’m a bit more selective in my approach
to “arb scalping”, for the very simple reason I’m not laying off risk via a hedge
somewhere else, I want to take profit immediately from the trade … and the 2
most important identifying characteristics of a successful “arb scalp”, are
1) MOMO [momentum], and 2) then comes the inevitable FOMO
[Fear Of Missing Out] on the ensuing up move … with that kind of “wind at
your back” it takes little to nothing in terms of any up move on the primary
exchange platform [e.g., Phemex or Coinexx for ETH & XRP], to see a pop higher
on the IQCENT platform where we buy at a discount to spot … and when the
specs at IQCENT spot the move up, here comes the bidding, and in that pop
up I give it gladly back to ‘em … rinse / repeat / what’s not to like here?
I don’t want my readers to be confused about the TEMA & EMA lines … in the
classic sense, their respective crossover or crossunder doesn’t mean it’s giving
a “buy signal” … it means, when TEMA is ABOVE EMA, buy appropriate discounts
to spot, and with the MOMO & FOMO winds at your back, it won’t take long for
that discount to disappear and the market at IQCENT pops higher … there’s your
scalp! … sometimes you get discounts, other times you won’t, and that’s the way
the cookie crumbles sometimes, but it doesn’t mean to simply get blanket long
… and when TEMA is BELOW EMA, you leave the “arb scalp” trade alone,
cuz 1) probabilities drop significantly of a market pop at IQCENT … sure, you
can still get them, but it’s simply luck … and 2) the discount can stay a discount
while the price drops, then where are you? … it does you no good to buy a
discount and then watch ETHUSDT go down $15 in 10 minutes and still keep the
discount or maybe it comes in a little … so what? … the price decline has put
you into a hole!
As a logistical side note … the Sunday blog 20 Day Range MA & MEDIAN values
I post every week, the New York session ranges and medians are from
7AM EST - 7 PM EST, as this aligns with GMT of 12:00 - 24:00 [0:00] in crypto
pairs … the other markets on the table are from 5 AM EST - 5 PM EST… Phemex
charting uses GMT as a default time, so I want my readers to be aware that the
end of the day comes when it’s 5 PM in Los Angeles on the west coast … unlike
other markets on the MT4, that go “sleepytime” when mid to late New York
afternoon hits, crypto doesn’t play by those rules! … keep this in mind when
evaluating the averages and medians for crypto pairs.
Then there’s the WAR that’s brewing between the FED on one side, and the
Ruskies & ChiComs on the other over gold, and it has literally RUINED the gold
market for “trading” … and the one-way action in gold,which is PATHETIC, is a
direct result of what’s happening … the ChiComs buy it, the FED then sells it
… straight up followed by straight down, rinse / repeat … there isn’t any
“trading”, no corrective activity, and the simple fact of the matter is, so many
traders have abandoned gold as a trading vehicle cuz there are much better day
trading and scalping activity available in other markets, like crypto … take
today’s FUBAR action in gold on the m1, and match it up with ETHUSDT
[Ethereum] … gold, a rigged market if there ever was one only goes straight up
or straight down … now look at Ethereum … what a difference being a
“FREE MARKET” is to traders … quite frankly, Fuck the FED and double for the
ChiComs … it’s there for all to see … and quite frankly the ChiComs are calling
the FEDS bluff, and buying every ounce in sight and don’t care about price
… oh that’s right, they have a CNTRL-P machine too, don’t they? … and they’re
looking to bankrupt the FED and destroy the gold cartel of the
FED / LBMA / COMEX, and force them to default on deliveries and EFPs
… December delivery for futures should be very interesting when we get
there soon!
The bottom line is, that gold is about as shit of a market for a trader as you can
get … I sure as Hell don’t see any “trading”, like you see in other markets
… where the fuck is it? … well, it’s gone cuz the specs are gone! … maybe
trading come back some day, but right now IT STINKS! … and for that reason
come tomorrow, I’m back in crude oil, although I’ll be in WTI and leave Brent
alone for now … given what’s available for us to trade in the PAMM, and the fact
that the TEMA & EMA algorithm gives a much better picture of MOMO & FOMO
than before, oil is the only thing left for us … granted, it’s a pig [like all of ‘em]
that on some days stinks to high heaven, but it also trades and has decent NY
session ranges … so, onto / back to / back to the future / let’s trade oil!
No trades for the PAMM today … gold is literally lost as a trading vehicle … onto
tomorrow in WTI oil … the first 5+ hours of the day, and ETHUSDT had about as
small a range as you can get, coming in around $20 … then BTC took off, and
so did ETH … amazing what happens everyday when about 10 AM EST comes
around, cuz that’s the time traders on the west coast check in for some good old
fashioned MOMO & FOMO … and today didn’t disappoint!! … I need a forklift to
haul all of the ETHUSDT trades for “The Syndicate” … we’re UP APPROXIMATELY
1.1% on medium volumes … “buy the discount when appropriate, SELL THE RIP!
… CANT DO THIS in gold cuz it won’t trade … sometimes we get it in crude oil,
but there the TEMA & EMA act more like buys on crossovers, cuz there’s only one
place where we can do “arb scalping” … 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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