How many reversals can we put into one NFP day? … apparently more than one!
… throw in a soft ISM Services stat 1 ½ hours later, and specs are jumping out of
their shoes … right, got played again? … Congrats!
And while crypto over at IQCENT remains FUBAR, thanks to “anti-scalping”
software the LP thinks will solve their losing money problem in crypto [it won’t,
it’ll only completely destroy whatever they got now into the dust], today saw
ample opportunities via “arb scalping” in USDJPY after both reports
… “arb scalping” in USDJPY HAS A COMPLETELY DIFFERENT THEORETICAL
PREMISE THAN THAT OF CRYPTO, AND SO THEY ARE TOTALLY DIFFERENT
… BASIS PREMIUMS AND DISCOUNTS ALL OVER THE PLACE FOR ABOUT 30
MINUTES AFTER EACH REPORT … IF YOU CAN’T MAKE MONEY FROM THIS,
YOU CAN’T MAKE MONEY PERIOD! … +20 PIPS to -20 PIPS quite often, and all
of us here doing multiple “arb scalps” in the 12 - 15 PIPS range in seconds in
USDJPY … quoting Miss Gimpy, “I like free money in seconds, I really do!!”
Both reports taken together with revisions, and you end up with a smidge softer
set of numbers, despite the headline jobs bullshit … for USDJPY, it’s gonna be a
very hard task to get the massive cuts in rates for 2024 starting in March the
street is anticipating … given all of the swirling horseshit around “will they or
won’t they” from the Morons at the BOJ about yield curve control and maybe
changing policy towards higher rates, who quite frankly are playing the world
with words, and the on again / off again FED Lounge Lizards about rates, it
should keep USDJPY SIZZLING with each rumor hitting the wires.
Historically, double reversals with size [range] go NOWHERE … they simply run
out of gas and most specs get blistered with preset Fib ratios, Elliot Wave
bullshit, and/or other preset support / resistance levels that get violated, along
with time wasting away to the close … the number of days that turn into bigger
ranges and allow the double reversal to flourish are fractions of a percentage
point! … you really want to bet on that? … that doesn’t mean just cuz it won’t
go further that it’s gonna go the other way, simply that the “Loser Formation”
and/or serious chop is the most likely scenario going forward … and once ISM
came in softer than expected, it’s a race to the lows, put in the double reversal,
and then stall and kill accounts looking for more … we did get a USDJPY bounce
better than I would have thought, but this market doesn’t give a shit what you or
I think, it’s ALL about who’s stuck getting cashews squeezed and what level will
the manipulators let it go towards … in other words, “order flow”.
I have almost finished work on the FINAL version of the scalpers algorithm, which
will be available on Sunday’s blog update … it’s “color coordinated”, meaning
remember the colors to be long / short and that’s all you need … “The Mrs.” &
Miss Gimpy love it, and it takes all guesswork out of the equation … I simply
can’t make it any faster or EASIER to understand & implement … if you can’t
make money with this, you either aren’t following directions & rules, OR the
market has lost all of its VIX [or a good portion of it] … one you control, the other
is out of our hands … coming Sunday … no trades for the PAMM today as I ran
tests on this algo to make sure i got nothing wrong or left something out that
should be there … what better day to do it than an NFP Idiocy Day where
anything can happen.
IQCENT HAS TAKEN CRYPTO AND GONE FULL RETARD FUBAR! … I ain’t
interested in trading Bitcoin in $50 - $100 increments [or much more!] that leave
me stranded when the market reverses and at their mercy for pricing … ditto for
MATICUSDT and the other altcoins where it’s 20+ ticks … who the Hell would
agree to this? … but no mind, “arb scalping” USDJPY today with 2 “bigly &
yuge” reports [NFP & ISM], along with regular algorithm trading from the long
side sees “The Syndicate” UP APPROXIMATELY 0.6% ON light to modest
volumes … be back Sunday mi Amigos!
… OUTTA HERE … “The future’s so bright I need 2 pairs of sunglasses 😎😎,
and my own Brinks armored truck” 💓!! … Onward & Upward!!
-vegas
No comments:
Post a Comment