“The essence of successful trading!!”
We start off with a very basic premise, which is often overlooked by traders of
all experiences, no matter which market it is they call home … “what is the
“purpose” of patient bear sitting there? … is he trying to find a date? … is he
looking for a friend? … why is he just sitting there? … well, he’s sitting there
cuz he’s waiting to eat!” … so when you tell me you “trade”, what does that
mean exactly? … trade what? … how? … what parameters of price and TIME
do you use? … do you even know? … or do you just say, “I wanna make money
trading!?” … great, but that ain’t a purpose or a premise, THAT’S A
MANIFESTATION OF TRADING RIGHT … IT’S THE END RESULT, that’s all, and
it ain’t gonna get you to any finish line you’re gonna like!
The scalping algorithm, as currently constructed, will get you successfully to
the finish line! … meaning, it will make consistent money in whatever market
you're attempting to scalp, as long as you abide by the rules and choose markets
that can be scalped or maybe bleed over into what’s known as “day trading”
… some markets are better than others, and for sure some houses are better
than others depending on what market you’re trading … and then there are
markets that are a mess, cuz presently constructed and traded by LP’s that are
total thieves and crooks, and you are definitely behind “the eight ball” when it
comes to trading them … gold comes to mind quickly, but so do other markets
that have high spreads + slippage, and are inconsistent in terms of session 20
Day Range MAs or trading session “medians” that are vastly different in terms of
movement from the “average” … and lately, that spells Bitcoin and USDJPY,
where the “median” is quite far away from the “average” … from day-to-day,
you never know what you’re gonna get, a sleeping dead giant or a fire breathing
dragon Hellbent on destroying you with volatility.
Either this weekend or next, I’ll have a new scalping algorithm version manual
posted with all of the blog posts over these last weeks incorporating all of the
information into a Adobe pdf manual, for an easy read & implementation by
anybody that wants to make money trading … but remember, this is “scalping”
and/or faster “day trading”, which might be a little slower than a true scalp, but
that nonetheless will make you consistent money … this ISN’T POSITION
TRADING, OR SWING TRADING THAT LASTS HOURS … don’t make this “rocket
science” when it ain’t, and don’t slam round pegs into a square hole … this is
TRADE PARAMETER SPECIFIC, and if you can’t accept that, then don’t do it!
This is the easiest way I know of to make consistent money trading … the
hardest part is to pick your market [s] and the brokerage house, and to
understand how the brokerage house makes its money … trust me [I’m a
professional, remember?], it ain’t from commissions … all of these brokerage
houses pay anywhere from $15,000 - $25,000 PER MONTH FOR INSTITUTIONAL
FEEDS on the markets they offer … and they got to cover that each and every
month! … so you’re gonna sit there and tell me that $1 OR $2 commissions per
side per 1 lot volume is gonna make that up? … no, they either sell ALL client
information [except personal] to a bank or HFT for millions of dollars per year,
OR they have a side “deal” with one LP, where all fills are off the market and they
then get a percentage of said slippage from the LP, OR BOTH SCENARIOS
… IMHO, IT’S BOTH!, for the majority of offshore houses, where they are in
“friendly” domiciled jurisdictions where they can do whatever the fuck they
want, whenever they want, and no questions are ever asked or entertained
… I’ve already explained numerous times on the blog how IQCENT makes its
money as a brokerage house, and summing it up, IMHO they both sell customer
information [except personal details] AND get part of the slippage on fills when
their markets move … so, if you buy on an up green spike in EURUSD, you’re
gonna pay an extra 1 - 3 tenths of a PIP for the privilege, and if you sell on a red
spike down, you’re gonna pay the same 1 - 3 tenths of a PIP for the privilege
… nice work if you can get it! … but, if you use the spikes to liquidate in your
profit direction, you can reap this extra price and avoid paying the “tax” for
being wrong! … but you have to “ring the register” WITHOUT HESITATION, or
you pay the Piper! … and quite frankly, I’m pretty sure every other brokerage
house does this to one extent or the other in some way, so there’s not much
difference between offshore houses IMHO.
And while I’m not going to reiterate the components or the rules, cuz 1) I’ve done
so already in previous blogs, and 2) the soon to be manual will have them in
detail with examples, let’s take a “snapshot” look at different markets people
should be interested in trading … in succession, EURUSD, EURAUD, BTCUSDT
[NOTE: BTCUSDT has RM=3 on it as well], XRPUSDT, SP500, & NDX100, from the
NYSE open [16:30 server time] to Noon EST [London Fix] … AND THIS IS ONLY
2 ½ HOURS OF A TRADING DAY!
click on ANY chart to enlarge
All of these markets are on the MT4 at Coinexx, live or demo makes no difference,
with the appropriate “vegas mq4 code” for support [below price] and resistance
[above price] via 4 volatility levels, RM=1 [lowest] to RM=4 [highest], which are
ALL AVAILABLE IN “DOWNLOAD LINKS” for you to download and install on your
MT4 … all the charts for the markets listed above have RM=1 & RM=2 on the m1
candlestick, which will cover 99.5%+ of all market action outside of market
reports which may distort prices on gaps … EURUSD, BTCUSDT, & XRPUSDT
have the very best conditions at IQCENT … you can’t beat IQCENT FOR THESE 3
MARKETS WHEN IT COMES TO SCALPING! … PLAIN & SIMPLE, IF YOU TRADE
THESE 3 MARKETS ANYWHERE ELSE YOU’RE THROWING MONEY AWAY!
The others, it just depends on the spread, the commissions if any, and slippage
on fills … wherever you go, make sure you’re getting the very best deal the
market offers, otherwise don’t trade there.
Looking at the above market charts, can anybody beat the support / resistance
levels of RM=1 & RM=2, which by the way are all “Cardinal Cross” or
“Diagonal Cross” values on Gann’s “Square of Nine” [SO9], IN ANY OF THESE
VOLATILE MARKETS? … as I have repeatedly pointed out, these are not levels
to buy/sell for entry, they are levels for LIQUIDATION FROM THE PROFIT SIDE
OF THE EQUATION ONLY … and since I touched on the SO9, the ZERO LAG MAS
are 9, 19, & 96, which given the SO9, is shown below.
click on image to enlarge
A very nice triangle of support / resistance highlighted by this triangle among
“Cardinal Cross” and “Diagonal Cross” interplay … and this is the theoretical
premise on which the scalping algorithm is based, not something I pulled out of
my ass @ 1 am while talking with the dog [no offense Fido] and threw up against
the wall … there’s a reason why it works so well, and Gann nailed it about 110
years ago!! … [although, Gann was interested in hourly charts … but since
everything is fractal in nature & scope, it works equally as well in the m1
domain.] … as well, if you study these charts [I’m hoping you will], you’ll notice
that in strong uptrends / down trends, the ZERO LAG MA [ZL] needs more than a
few m1s to change slope trend … a weak trend, and the slope changes almost
immediately! … and as you’ve probably figured out by now, this 96 period ZL is
the basis for everything else in determining and making scalp trades, although I
make the case in the manual that’s coming, that for “Stock Bellies” it’s a little
different cuz of the “88/6/6” paradigm in which it operates and trades, the only
such group of markets that has this … I also make the case in other markets,
specifically EURUSD & EURAUD, or any other cross you’re looking at, that
trading both sides of the market makes sense when the 96 period ZL has a
strong slope either up or down … when the ZL slope is “flattish”, you have to
stick to one side of the trade or the other, you can’t go back & forth on your
scalps cuz you run the risk of getting chopped to death from the scumbag
bank LP.
When “flattish”, choose always long or always short, OR SIMPLY LEAVE IT
ALONE UNTIL A SLOPE SHOWS UP, and go from there … when the slope is
strongly positive or negative, go with the flow or sit out one side, the choice
is yours! … EURUSD specifically, is a scalper's dream when conditions are
right, and with NY session 20 Day Range MAs almost above 70 PIPS, the scalps
are certainly there!
I’m in my second day of getting my “sea legs” in EURAUD … can’t learn much
from yesterday cuz the session range was so big, it blew the range MAs out of
the water … Hell, anything almost works if you get enormous ranges, but the
consistency isn’t there, something the FX Apparatchik manipulators know oh
so well … get back down to the session 20 Day Range MA or lower, and it’s an
entirely different story in trading land … but I’ve seen enough to know, that the
algorithm presently constructed is as “good as it gets” in terms of calling the
shift in order flow that scumbag banks use to screw specs blind … and quite
frankly, if you don’t get them to work for you via the algorithm, they work
against you, and how’s that turning out for ya? … and the proof I’ve given you
over several markets is above! … of course, once a month we get the NFP
Idiocy, and about every 2 months we get that PLUS the central bank “trifecta”
of the FED, ECB, & the BOE with interest rate decisions … don’t care much for
the BOJ cuz they’re fucking insane, and the RBA does all of its shit during the
Asian session, so who basically cares? … AUDUSD is out of the way when
Europe opens, and they’re all asleep for the U.S. session, so there isn’t gonna
be any surprises from Aussie land.
And right now we’re in the heart of data dumps & central bank bullshit, with the
Apparatchiks out of the way, and all that’s left is tomorrow’s math whiz kid lies
and bullshit via NFP to complete the circle … no trades today for the PAMM in
EURAUD, it was a day of study and preparation in this market, as we get ready
for tomorrow’s blitzkrieg and beyond … I like what I see and I like how this
market responds to the algorithm model … quite frankly, night & day different
from any of the YEN crosses, and yet AUDUSD in the denominator has enough
up/down to compete via the numbers with any other market, even YEN … not
that much difference, but a “bigly & yuge” difference in how they trade and react
to data, POL bullshit, and of course central bank Apparatchiks … over
@ IQCENT, some really good scalp action in EURUSD, and “The Syndicate” UP
APPROXIMATELY 0.4% ON LIGHT VOLUMES … come next week, after NFP
stupidity is over and done, I’ll be increasing my volumes for scalps @ IQCENT
… with ranges [both daily and NY session] heading higher, now that the FED is
generally believed to have finished tightening, it makes for “el mucho”
indecision in EURUSD … and we see that in the m15 and daily chart, where
one day you can’t get an uptick to save your life, and 15 minutes later it’s the
other direction where for hours it can’t go down 3 PIPS! … this presents
opportunities for scalpers, as well as dangers … the danger being if you get on
the wrong side of this puppy, it can go farther easier than you have money in
your account chasing it with losses! … the algorithm keeps you on the
“RIGHT SIDE” of the market for your scalps, and gives you the highest
probability for profitable trades, that quite frankly casinos in Las Vegas would
kill for … all the while, letting the scumbag banks work for you, NOT AGAINST
YOU! … onto tomorrow!
… OUTTA HERE … “The future’s so bright I need 2 pairs of sunglasses 😎😎,
and my own Brinks armored truck” 💓!! … Onward & Upward!!
-vegas
