There is nothing really earth shatteringly new here, simply information provided
in a different more “color coordinated” way for ease of use … coded for MT4,
everything you need is in “Download Links” to get it up and running … works
exceptionally well in all markets, so pick your poison and run with it
… obviously, choose markets you like and are familiar with and have excellent
spread conditions … for EURUSD, USDJPY, & USDCNH you can’t beat IQCENT
FOR STRAIGHT UP ALGO TRADING [given some conditions] along with some
“arb scalping” when appropriate and VIX is present in the marketplace.
If any market moves, the algo will map it and give appropriate buy/sell signals
… the one factor nobody controls is VIX … if I knew with almost 100% certainty
USDJPY would have a NY session range of 150 PIPS, then you could trade off
that information and make a shipload of money … however, in today’s present
era of central bank manipulation, especially in FX & specifically in USDJPY, one
day could be 40 PIPS, the next day 150+ PIPS, then back to 60 PIPS the day after
that … all that saves you are the signals and you go from there … playing
“Whack-A-Mole” with VIX is as frustrating as anything you can attempt in
trading.
I start with “SortVolume.mq4”, which for anything non crypto, it’s a “hit or miss”
bag of data … that’s cuz everything from institutions gets lumped into it along
with spec data, so it can be misleading … put it to work for you or leave it out,
it’s up to you … available for download over in “Download Links”.
Next is the “vegas mq4 support / resistance levels” for 4 different volatilities
… for USDJPY it’s the “vegas FX USD SUPER SCALPER” in one of the
directories of “Download Links” … finally, 2 lines of the “ZERO LAG MOVING
AVERAGE”, WHICH IS AVAILABLE IN “DOWNLOAD LINKS”. Here are the specs
for each line … change colors if you don’t like the ones I use.
If USDJPY MOVES ANYWHERE, it works … if VIX dies, it won’t, simple as that
… if you’re a LONG ONLY trader, buy / be long PLUM OVER WHITE & ignore the
rest, and if you’re a SHORT ONLY trader, sell / be short YELLOW UNDER HOT
PINK & ignore the rest of the color combos … pick your poison mi amigo!
… seriously, how much easier can this get? … and if VIX is low simply sit out
‘til it gets better, the choice is yours to make … tomorrow I’ll show for BTCUSDT,
ETHUSDT, & XAUUSD
The Monday after an NFP, historically one of the worst trading days in existence,
as there is no data flow or Apparatchiks lying in front of a microphone … and
from the looks of things early, why should this one be any different?
… meanwhile over in crypto, IQCENT still maintaining their idiotic destruction
of their crypto markets [with the exception of one crypto pair, ETHUSDT] with
pricing and bid/offer “Scumbaggery & Fuckery” that defies belief … but hey,
it’s your business, go ahead and destroy it if you want! … feel better now?
… and while things can always change quickly, we got another “doji” daily chart
formation in the making today, reflecting complete “indecision” in the
marketplace … with TRILLIONS more of Banana Republic borrowing and
spending coming coming down the road, I find it very difficult to see how rates
go lower to support a lower USDJPY in any meaningful way, unless the BOJ
completely changes their fanatical monetary policy easing, something they’ve
hinted at to get upward pressure off USDJPY, but it’s all talk at this point, and it’s
why I still prefer to maintain long positions for trading over short positions
… however, just let me say, it doesn’t really matter what I think, simply cuz long
or short USDJPY, you got the exact same problems on both sides when trading
it … of course it’s cyclical, depending on the propaganda of “risk on / risk off”
[RORO] bullshit propagated by “experts” on Wall Street to get the velocity of
money flowing to further fund “the FX scam” … it’s all the street knows how
to do!
And while some, perhaps many, find trading action most days “acceptable” in FX,
I don’t … once you see and trade crypto and been around back when markets
were truly FREE [I was], instead of the manipulative horseshit we see today, FX
is like either paint drying on a wall OR a C-4 explosion, with not a Helluva lot in
between … and today’s YEN bullshit just proves my point … quite frankly, I can’t
stand this!
It’s gotten to the point where ETHUSDT, most days and now especially with
IQCENT GOING FULL RETARD FUBAR WITH PRICING AND BID/OFFER QUOTES,
that it’s plenty more advantageous to trade ETHUSDT at Coinexx than it is at
IQCENT! … and the reasons are threefold and “bigly & yuge”! … 1) the bid/offer
is ALWAYS there moving, and 2) as long as the total cost to trade is reasonable,
it’s far cheaper than Phemex or Binance … and 3) the NY session range is about
$100 with the median at about $90, and given that kind of movement, range,
trading activity, and plenty of corrective movement the vast majority of days,
it simply won’t matter if we’re paying a few cents more to trade ETHUSDT at
Coinexx.
Besides, the market we thought we had at IQCENT in crypto ain’t there any
longer … a flowing market with 1 penny spread and no commissions isn’t there
… quite frankly, ETHUSDT @ IQCENT IS STILL PRETTY GOOD, but it ain’t what it
once was … that’s a fact we all got to deal with! … there are still plentiful
opportunities for some “arb scalps” on larger moves, but scalping ETH has
been thwarted by the scumbag LP with their new “ANTI-SCALPING” software
… for the PAMM, it means I’m gonna trade ETHUSDT at Coinexx, keeping an eye
on gold just in case … tomorrow I’ll highlight ETHUSDT with the algorithm
… trading is about choices and where I think I have the best shot at making
money given VIX and trading conditions … surveying a lot of data that is before
us on the MT4, right now that market is ETHUSDT … not all but most everything
else is BULLSHIT.
The LP at Coinexx in ETH is simply “arb scalping” bid/offers at around 10
different exchanges including Phemex & Binance, and every bid or offer hit on
the screen can be hedged with a profit by them until you exit your trade … it’s
guaranteed money!, and that’s why they are always there with a bid/offer … when
the Coinexx bid/offer widens on volatility, it simply means the market at other
exchanges has widened as well … the spread might remain the same but the
quotes running through the open order book [OOB] are widened … Coinexx
uses FX commissions for ETH [meaningless], and the spread is the total cost
in reality, plus a couple of pennies … no trades in anything today, and quite
frankly I don’t care if the entire MT4 board explodes with VIX, the only markets
worth trading IMHO are crypto, and as long as we got one of ‘em I’ll be a happy
camper … onward crypto!
… 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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