SHOVE THE KNIFE IN QUICKLY

 

“When computer systems run trading!”

They do it fast, like a thief in the night … and all fingers point to the 

HAL9000 computer system … “Oh yea, we checked, and the HAL9000 says it 

checked itself and your fill was “perfect” for that trade”! MY RESPONSE: 

“bullshit … it’s simply a cover for thievery on a grand scale … you know it and I 

know it, but I’m gonna follow up with an email on your scam, not cuz I think 

there’s a snowball’s chance in hell you will ever change anything … no, I’m 

simply hoping someday an audit of your emails by the appropriate regulatory 

agency will see mine and start asking questions that you don’t want to answer”.

I can’t complain about my entry fills today, but my liquidation fills on an 

uptick no less, were simply horrible … and after the second trade of getting 
“knifed” by the scumbag LP bank, I very quickly came to the conclusion today 
is not a good day to trade. Once again, the first 4 ½ hours of the European day 

a complete waste, waiting for the most “important retail sales and CPI numbers 

evvahhhh”!! … and then comes the stupidity. The entire day has been nothing 

but a retail stop hunt, along with scumbag LP banks front running corporate 

orders, then quickly and viciously turning the knife in the other direction. And 

in case you haven’t noticed, we’re seeing the “Flying Wedge of Death” [FWD] 

so often now, in all its glorious manifestations, it’s almost an automatic daily 

occurrence.

It doesn’t make any difference if you’re long or short, the spikes against your 

profit position make holding onto anything almost impossible. But what really 

pisses me off and frosts my cupcake, is when I go to liquidate a long position 

on an uptick, and then get filled on a “mystery tick” lower by ½ to 1 full PIP 

off the market, only to see price go right back to where it was when I hit the 

liquidate button to begin with in less than a second… “and then you insult my 

intelligence by telling me it’s a good fill on the market, when everybody and their 

brother knows you’re nothing but a thief”.

Now that we’re in the electronic age of trading, nobody has any choice in the 

matter, and futures markets are no better or worse than trading via these 

scumbag LP banks, simply cuz they got their own futures firms doing the 

futures as well … “what’s the difference in getting screwed in either one”? And 

despite their “blah blah yada yada” about not knowing where the stops in their 

computer system are located, which I don’t believe for one damn second, they 

route orders to other LP firms they control and own so they can trade against 

your position without you knowing it … this is what got FXCM kicked out of 

the trading biz in the U.S. and forced to liquidate. But “offshore”, and in 

London? London has all the trading volume for one simple reason; it has no 

rules whatsoever … why do you think every damn LP bank has operations in 

London?

Turning to today’s trading … some days, I feel like I’m trading back month 

pork belly spreads … it’s either panic one way or the other, and when it stops 

look the hell out on the other side … EURUSD today a complete mess in terms 

of price action; we’ve been to the highs & lows of the European session so 

many times, I feel like I’m on a rollercoaster … throw in slippage simply cuz 

they can, and it makes for a very, very tough trading day.

Early afternoon in New York, and with Europe closed now, it becomes a 

function of whether the SP500 gets “monkey hammered” later today or not 

… a severe dip could rally EURUSD back over 1.24000, but the resistance 

above 1.24000 is formidable for now. With how the scumbag LP’s are filling 

orders today, I want no part of this “risk 10 to make 1” environment, where in 

2 seconds a “mystery spike” could really ruin your day.

Two trades today … PAMM up slightly, a few bucks, nothing significant.

In both my trades, the “setups” were classic … problem was, they refused to 

move, and the price action down near the low of the day was terrible, with 

slippage everywhere, and price quotes very disjointed and choppy, minute 

after minute.

This is the third day in a row … literally, the whole week up to this point on a 

Wednesday, where price action has been muted and very much restrained 

… plenty of news for the market to absorb, but like today’s disappointing U.S. 

retail sales, it got blindsided by the hot PPI numbers, and therefore the market 

rallied sharply, and then broke sharply, only to come all the way back in a “4 

steps up, 3 steps down” mixture of pure hell price action, guaranteed to produce 

losses across the trading spectrum. “Welcome to my world”. Of course, it is what 

it is, and I deal with this kind of stuff constantly …. All that matters is that 

we’re up money. Trading has slowed considerably, so I’m outta here 

… tomorrow’s another day … until then mi amigos … Onward & Upward!!

PAMM spreadsheet directly below.

 

Have a great day everybody!

-vegas

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