“Please … let me summarize trading in the Central Bank manipulation era!”
I don’t even know where to start with this POS day in USDJPY; first, a complete decoupling from the SP500 amid money flows out of EURJPY [Yen bullish] and also into gold… that causes its own set of problems, but I’m so completely F-ing unhappy with my fills with Turnkey, there was a point late this morning I wanted to throw my computer into the ocean and go work for the circus … however, the dog talked me out of it. I go to buy Yen at 19 offer, get filled at 20.8; I go to sell at 07, and my stop box at 109.96 pops up before any graphic on my candlestick chart shows anything [sure, honest market] and says I’m filled; market is then immediately at 110.02; I go to buy at 109.030 offer and get filled at 109.070; I go to liquidate at 17.2, get filled at 16.2 … in short, this is bullshit. Sure, they know about it, and don’t give a shit … neither does the LP, which have I mentioned before are thieving scumbags?
“Dave? Dave? We don’t have a problem, do we Dave”? Yes Hal9000, we got a problem!!
“Trading” any market no longer exists [although, I will admit today gold actually “traded” well]; there is no “give and take”; it simply “lurches” from point A to point B and then dies, until it “lurches” again at the speed of light where scumbag LP’s can clean out the order books via stops. “Well, 2 can play this game guys, and while you dinged us again today with your bullshit fills off the market and bagging my orders for your own profit, and caught me via a stop hunt, enjoy it while it lasts, cuz it will be the last time. Why? Cuz from now on, I’ll be patiently waiting for you and your “spikes from hell” and when you gas it lower that’s when I’m going to buy it. Oh, I got a “battle plan” alright, and it’s called taking advantage of you when you do shit like this … and since you do it every day to one degree or another, I’ll be waiting to give it back to you seconds later … tell the asshole President of the TBTF bank you work for I’m now the “casino” and you guys get to be the “pigeon.” Good luck scumbags”!
Name your market on the MT4; whatever it is, it’s a joke. There’s a “phantom” bid/offer, which doesn’t mean “bat guano” cuz it’s a fairy tale, and there’s a big TBTF bank ready, able, and totally willing to screw you over via slippage and whatever stop you have in the market. I want to be clear, this isn’t a Turnkey problem; every brokerage house in the world uses the same banks, so switching brokerage houses isn’t going to solve a damn thing. All you do is jump from the frying pan into the fire. What this is, is total freedom of the banks to do whatever the hell they want with zero oversight and regulations, with a “wink & a nod” from the BOJ, ECB, and of course the FED. And when the Twits at the FED retire, where do they go to collect fat 7 digit salaries as “consultants”? Do they become “Greeters” at WalMart? Hell no, they go to the TBTF banks where they “looked the other way” for years on end; now it’s payback time at retirement. [Except for Lacker, who had to resign cuz he gave a big hedge fund inside info … nothing for you!]
Today is a perfect example of “speed of light … crickets” trading; you don’t know when the “blitz” is coming, all you know is that stops will get run, cuz this is how the assholes at the LP get their bonuses. As I told them this morning, “get one of your flunky gophers to keep track from now on … talk with you dirtbags in a couple of months … we’ll see who’s laughing then”.
And of course, when all the loose change is gobbled up by these creeps, it’s back to “crickets”, where we’ll be spending the next hours in a 3 PIP range so they can screw orders via slippage. As I said, there is no trading … only “lurching”, and every market on the board a complete mess by central bank design.
Again today, I feel like “I’ve won”, when I haven’t; down collectively only a couple hundred bucks [a complete “miracle” if you must know, and again, I traded myself to a manageable loss instead of a disaster], 99%+ of which again is F-ing slippage, the 4 PIP off the market lousy ass fill hurting the most, but there were others as well … that one fill alone cost us almost $150 … I seriously hate these guys for shit like this. And don’t think for a second the stock indices are any bargain, cuz they aren’t … slippage and stop hunts in the Dow30 very much in play there also.
I know how to defeat this kind of thing, but I was hoping it wouldn’t come to that and I could simply trade the market, cuz it makes my life more difficult, but I do “what I got to do” to be profitable. Another day of major reversals and fund flows buffeting pretty much everything, and when the market turns [any of them], it’s vicious, with lightning speed, and you can expect to get terrible fills. As I’ve said before, with USDJPY it’s “financial terrorism” each and every day, and what happened yesterday has almost nothing to do with today.
So, in addition to all of this crap, Hurricane Irma is heading straight for the greater Caribbean, due in about 4 or 5 days; already it is a CAT 4 Hurricane with winds over 120 MPH … Oh, won’t that be interesting and fun. If we get into next week, and you don’t see a post or two or three, you’ll know why. I have emergency power, but I’m guessing there won’t be internet or phone service anywhere near here. We’ll see what happens.
And if that’s not enough, tonight I have to reinstall “Open Office” and recreate the PAMM spreadsheet, cuz it’s a total mess because of an upgrade that got interrupted by a Windows 10 upgrade … corrupted files and all that crap. Hopefully, I’ll get it done tonight and everything will be current by the end of tomorrow.
Onward & Upward!
Time for the beach … the dog & I are outta here … until tomorrow.
Have a great day everybody!
OUR TURNKEY FOREX “PAMM/MAM” IS NOW OPEN AND OPERATIONAL; SEE “PAMM/MAM MANAGED MONEY PROGRAM” IN “DOWNLOAD LINKS” SECTION IN RIGHT HAND COLUMN FOR DETAILS [VIEW ONLINE AND/OR DOWNLOAD] AND START YOUR JOURNEY FROM WHERE YOU ARE AT TO “ESCAPE TO SUCCESS”!