Another excursion into the hell of dealing with scumbag Liquidity Providers
[LP’s], courtesy of Turnkey Forex, where you to can experience the joys of being
robbed, mugged, & then raped when trading gold [XUAUSD] … and for an added
attraction, watch as your order is held for seconds at a time by scumbag LP’s as
they try and decide which high tick to fill your buy order! … limited slots
available for you gold traders out there, so sign up and get robbed, mugged, &
raped the “right way”! … what an absolute fucking joke.
What should have been a good winning day, turned into shit by thieving slippage
of unimaginable magnitude … winners into losers, and winners robbed blind
… the problem isn’t the trading algorithm, which did very well, the problem is
mostly 1) Turnkey and their robbing, thieving LP’s who refuse to make an honest
market, and 2) a gold market that has nothing but illusions and phantom price
quotes to show you … there is no “there” there, and what you see on your screen
or tick box has nothing to do with the reality of the trade … “top tier 1” LP’s my
ass … nothing but petty thieves.
By comparison, over in FX a decent enough trading day, where even with slippage,
it’s nothing like gold … would you accept a GBP fill that’s 7 - 8 PIPS off the
market? … hell no you wouldn’t … but in gold, anything goes and it can even be
worse than that, as some of today’s sell stops got filled over $2+ LOWER when
gold busted 1800 on the downside … that’s equivalent to 20 PIPS in FX for those
demanding the “racy-ist “math … well, easy enough to make the slippage back
from today, but not in gold … F gold, F Turnkey, and Triple F their scumbag LP’s
… I’m not gonna sit around and get raped like this in gold, when there’s FX … so
back to GBPUSD and maybe GBPJPY for the PAMM … quite frankly, gold is far
worse than Bitcoin … even including slippage, the trading scalper algo in GBP,
EUR, & GBPJPY was phenomenal … money is money, so who the hell needs
gold’s LP problems anyway?
Quite a few algorithm buy signals today in gold, and if we hadn’t gotten taken out
back and robbed, mugged, and then raped by Turnkey’s gold LP’s, we would be
UP money today … as it is, we hand them a couple of hundred bucks in illicit
slippage gains, and I hope the lot of you choke on the champagne … of course
they’re thieves, we all know this … no surprise here … but the extent and scope
of today’s thievery has taken me by surprise … well OK, fool me once, but there
ain’t gonna be fool me twice … and that pretty much sums up the day, putting
slippage aloe vera salve on my ass and screaming at Turnkey management … so,
who wants to be a trader?
In the scheme of things, today’s clusterfark “Slippagefest”, not that big of a deal,
cuz the silver linings in this are twofold … 1) I’d rather find out early than late how
gold is going to trade, and 2) the response in FX pairs bearing out my thoughts
that the scalpers algo will work very well in those markets as well … and they did
… and so OK, we paid a couple of hundred bucks for that info, so consider it
cheap tuition!
Meanwhile over in crypto, the ChiComs continue to want to destroy Bitcoin, thus
putting a lid on rallies for now … in the alt-coins it’s a disaster … no volumes, no
liquidity, moves are worth shit, and the bid/offer spreads have increased,
sometimes by increments that make them untradeable … truly pathetic for now.
NO trades today for “The Syndicate”.
Ok, we live and learn, onto tomorrow’s adventures in FX … granted, the thieves
and crooks are over in FX as well, it’s just that their “vig” for trading is a lot less
ostentatious [like an ATM fee] than the scum residing in metals and
“Stock Bellies” … I don’t expect anybody to give me something for nothing, but
I also expect to be treated fairly & honestly, something that is lacking “bigly &
yuge” in most markets outside of FX … quite frankly, it’s hard to discern the
“how & why” of Turnkey’s involvement in all of this ... they say they have their
clients best interests, but I have seen nothing to support that … NOTHING … only
reason FX steals as little as it does is cuz of 1) its size compared to other markets,
and 2) the sheer number of participants … in other words, competition for stolen
spec money … and isn’t that a happy thought to end the blog for today?
… outta here … “the future’s so “GOLD”-en bright I need sunglasses”! 😎
… Onward & Upward!!
-vegas
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