TIME FOR A PERMANENT CHANGE

 

“Even Butch agrees … time to kick drop some scumbag LP’s!”

And, that’s what I did … I laid out the evidence, told them they were fucking 

thieves that belong in jail … and of course their response was something along 

the lines of, “well, that’s a nice theory you got there sonny, but you have no actual 

proof of what you say … it’s simply a case of “market conditions”, and our 

computer systems fill accordingly with no human intervention, so everything you 

accuse us of is simply wrong”.

MY RESPONSE: “You and your HAL9000 systems only give us the time you 

“allow” an order “entry” into your system, you don’t show us the time it got to 

your computer system and has been held by YOU; why don’t you tell me when 

you “received” the order, cuz in my MT4 platform “JOURNALS” section, it gives 

to the thousandth of a second when the order was sent to you, and then when it 

comes back to me with a fill … please explain why the length of time changes 

with each order by magnitudes the size of earthquakes … I literally have times of 

a few hundreds of milliseconds to over 7 full seconds … why the delay? … I’ll 

tell you why, cuz you hold the order for as long as it takes your dumbass 

computer system to change the bid/offer up/down … what I call the 

preprogrammed “slippage meter”, to fuck my order … every buy ticket filled on a 

mystery uptick, and every sell filled on a mystery downtick, sometimes 2 - 3 full 

points away from where both futures and cash say the CFD should be … and 

then once filled, within milliseconds the market snaps back to where it was where 

I should have gotten filled … you do this all fucking day to orders, and that’s 

why you’re thieves that belong in jail … I have more respect for the guy at the 

7-11 who tries to rob me … at least he’s got a reason … you assholes do it cuz 

you got the regulators, POLS, and the brokerage house execs “on the payroll” 

and give them their cut, and it’s nothing more than pure greed and the thought 

you can’t be caught … fuck you and the horse you rode in on”.

They didn’t like that much.

Of course, nothing was solved except this … “It’s time for a permanent 

change … no longer am I willing to be ripped off from these assholes and 

entertain the lies, deception, and general bullshit that flows through banks 

and/or brokerage houses … I got very little respect, if any, for either at this point. 

Any CFD offered by any brokerage house, I don’t care where it is, what the 

spread and/or commission is, or what market it’s in … any and ALL CFD’s are 

a 100% pure fucking ripoff exercise in general bank/brokerage house thievery 

… sure, you can get lucky, but they grind your account with sandpaper every 

single day with every single order, and it’s a complete shitshow, I don’t care 

what they say or how they say it … they’re all fucking liars and thieves … they 

make the pasts futures pits look like Boy Scout picnic days”.

Which means, there is no way I’m gonna trade any of the CFD’s at Turnkey 

or anywhere else, ever again … and while I don’t blame Turnkey for the 

scumbag LP bank’s behavior, they “enable” the behavior daily and do 

absolutely NOTHING for any of their customers except try and calm you 

down every time the bank fucks you and/or sticks a knife in your back … in 

other words, they’re totally useless.

That only leaves FX … and while FX can be boring at times, the one thing 

about “major pairs” FX, is that it’s very difficult to stick somebody with a fill 

that is totally off the market and get away with it, without news or some 

economic release … especially in EURUSD & USDJPY. And when it comes to 

“tight spreads”, EURUSD at 1/10th or 2/10ths of a PIP, is as good as it gets. 

Given the widespread nature and scope of reporting now in FX, it’s very 

difficult to get away with a fill that is more than 1 or 2 tenths of a PIP at most 

away from the bid/offer … and yea, I realize markets fluctuate, and I know it 

gives the scumbags an excuse to “clip” orders for that extra tenth of a PIP, but 

in context that is as “good as it’s ever gonna be” for anybody in retail spec 

trading … these people are no Saints, they aren’t in business to be your friend, 

they’re in business to see how much they can make off of you and if possible, 

how much they can steal and not get indicted … given the ranges and market 

movement, a tenth of a PIP now & then shouldn’t ruffle anybody’s “big girl 

panties” too much, versus the wholesale “rape & pillage” found in any of the 

CFD’s.

Sure, it would have been nice to “mirror” the NDX100 … these scumbags, 

though, aren’t gonna allow it, simply cuz they won’t make an honest market 

to trade … almost every single order filled off the market with “mystery ticks” 

that leave you sitting there and saying to yourself, “WTF is that”? They 

manipulate it, and then they fuck your order blind … well, no more. You want 

to trade stock indices? Do yourself a favor and trade the futures, cuz they’re 

more honest and transparent than these low life banks and their criminal 

CFD’s. They should be in jail, but we all know that isn’t gonna happen, cuz 

the regulators and POLS get part of the skim … and the shell game will 

continue on unabated.

So, I’m going to refocus trading on EURUSD going forward … best spread, 

most honest & transparent market in the basket of thieves trading universe 

we’re going to ever get. EURUSD is a better trade than the Yen, and the 

offshore platforms have better spread & commission pricing than the futures 

… so, there isn’t anything to dislike here or put us at some disadvantage.  

“And yea, I realize the first 3 months of 2018 we didn’t have a losing day in the 

PAMM trading EURUSD, and that it was a very big mistake to wander away to 

other more “exciting” markets that were showing signs of increased volatility 

… I should have never listened to the lies & bullshit of promised 

“fair treatment” in these other markets … all it did was lead to horrendous 

slippage, more lies & bullshit, and losses that now need to be made up … that 

process starts today, and going forward the PAMM will be EURUSD oriented 

until either the moon drops out of the sky or the sun stops shining … we don’t 

need anything else, and quite frankly it’s a bitter pill for me to swallow, but I live 

in “Realville” and when faced with the facts of the matter, if I have to change 

and adapt cuz of the realities, then I change cuz that’s what I need to do 

… simple as that”.

Now, I’m not going to trade EURUSD like I did before … volumes will be 

much higher, and I’ll scalp when necessary, but what I’m looking for are 

larger moves during the day consistent with risk, with the possibility of 

carrying positions through rollover and into Asia when appropriate with 

good profits baked into the cake … never weekends … but the possibility exists 

it might happen during the trading week … after all, it is a 24/5 market and 

spreads don’t blow out during rollover … we’ll see.

So, given all that, turning to today’s EURUSD market … an absolute pile of 

August crap, with lightning moves up, lightning moves down, and a whole ton 

of bullshit, in a market that is scared to death of Turkey and the consequences 

of contagion to the EU banks and spreading into the general economy. 

A handful of EURUSD trades today … PAMM down less than $100. 

Please remember, up/down less than about $150 is basically a “scratch” day 

… with volumes approaching 500,000 nominal, it only takes a couple of PIPS 

to get to $100 … add to that, today sees very sloppy action in everything, even 

with an EM debacle, political turmoil everywhere, and volumes & liquidity less 

than ideal … in fact, a lot less than ideal. I don’t think I’ve ever seen financial 

markets more illiquid and dangerous than right now … everything, we are 

assured, has great liquidity, until it doesn’t.

I’m quite happy being back in EURUSD, and I’ll have more tomorrow to say 

about it … PAMM Spreadsheet will be back up soon … much more tomorrow. 

Until then mi amigos … Onward & Upward!!

 

Have a great day everybody!!

-vegas

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