The markets are being given ample warning, first with USDJPY, then with a
complete meltdown of other fiat currencies, and a “Stock Bellies” complex that
ain’t behaving … and the Lounge Lizards at the FED think they can turn it all
around with “words” … the ChiComs & Ruskies are showing them otherwise.
That thunderous mystery sound you heard over the horizon this morning? … yea,
that was me turning purple!
Fuck trading gold at Turnkey … getting raped with 80 cent slippage getting in
and about 30 cents getting out, you simply cannot trade something where you
are given a PHANTOM, BULLSHIT bid/offer spread, and then hosed by a thieving,
fucking crooked LP … matters not whether you win/lose on the trade, they don’t
discriminate when it comes to stealing money on bogus fills … your winners get
depleted, your losses get added onto … sure, I sent them all the supporting
evidence of the theft, and it won’t matter one bit … and the one certainty I can
say about Turnkey, is that they will NEVER go to bat for a client on a bogus fill
… ever.
Well, I can’t trade gold with a $1.50 - $2 effective spread, no matter how good &
great the trading algorithm is … this is pure Turnkey LP bullshit … have to go
back to USDJPY and live with the occasional FX bullshit there, along with crude
oil when they feel magnanimous enough to offer a 3 cent spread … today sees
oil inventories at 10:30 AM EST, and I have ZERO trust and/or confidence in
Turnkey to keep a 3 cent spread today going into that report … who knows when
they “click the switch” and blow the spread out, cuz it could be anytime … and of
course, I’m right on the money with this, as they’ve blown the spread back out to
7 - 8 cents and it stays there … we’re now $1 higher 10 minutes later, not what I’d
call a gigantic move by any stretch in oil, but nonetheless the thieving HFT
Turnkey uses as a “market maker” feels the need to gouge Turnkey clients cuz
they can … does Turnkey ever care about this? … nope, not EVER … and IMHO it’s
cuz they get part of the rip off spread + fill as their “kickback” for steering the
order to their favored partner … when questioned about this, they won’t say
“yes” or “no” you’re wrong, they simply deflect the question and provide ZERO
answer … well, if you don’t do it, then why would you refuse to say “no”, we
don’t do this? … well, we know the reason, and it’s cuz they do.
So now crude oil is blown to shit for the day, so on most days it will not be
available to us for trading at Turnkey … it is what it is, I can’t make them change
anything, they are who they are … and once again, it’s back to the ONLY 2
MARKETS TURNKEY OFFERS WHERE THE LP MARKET MAKERS AREN’T
COMPLETE THIEVES … which is EURUSD & USDJPY … and given the state of
the world at present, USDJPY is moving and trading better than EURUSD … so,
my first priority will be USDJPY, and if the situation arises that’s appropriate, I
might trade EURUSD as well … quite frankly, I should have never left USDJPY to
begin with, as it’s been the LOWEST SPREAD / LOWEST SLIPPAGE pair on the
board for like forever … won’t make this mistake again … and while the spread
in USDJPY has gone up a few tenths of a PIP in the last couple of months as the
daily ranges have exploded, that rise is commensurate with a consistent rise in
the ranges … a few tenths of a PIP ain’t gonna matter much to daily profitability
in the scheme of things.
I will readily admit, that I’m somewhat shocked to see this level of gold slippage
under the normal circumstances of trading … in too many markets, Turnkey is
reaching levels of slippage that are literally insane, and there’s no way anybody
can justify with a straight face the slippage we suffered today … this is literally,
THE LAST TIME I GET HELD UP … MUGGED … RAPED … and then told
everything is fine & normal … the only “normal” at Turnkey is in USDJPY &
EURUSD, and on days when they feel like it, maybe crude oil … everything else
is pure rip off bullshit, with phantom spreads and horrific off the market slippage
from the bid/offer, with gold & “Stock Bellies” leading the insanity charge.
Make no mistake, I’m equally to blame as well, cuz I’ve listened to Turnkey’s
bullshit instead of focusing on what the markets tell me and how I’m being
treated … and once again, I sit here and feel like I just played “Whack-A-Mole”
and got snookered again by the same group of assholes … I’m here to make
money trading, not guess which group of thieving Turds I need to avoid today
… I’ve had it with these Assclowns, and it’s time I focused on markets I know they
don’t fuck with, which is EURUSD & USDJPY, and tell the rest to go take a frickin’
hike … performance I’m going to go get … time to focus on markets that
consistently are fair & honest in pricing & fills, and under that scenario the
trading algorithm is exceptional … and if your trading “Spoos” at a house you’re
happy with and you don’t have slippage & fill issues, then great cuz the algo will
shine for you … as we’ve seen, I can’t trade the “Spoos” at Turnkey cuz their
effective spread is about 2.3 index points, one of the worst spreads in history, but
that doesn’t mean others can’t … all I can do is stick to Yen & Euro and make
bread … all the other markets they offer are only going to hurt performance, piss
me off for trading ‘em, and not allow the trading algorithm to do its magic … so
no more these piddly ass games with Turnkey … fuck ‘em, they’re liars, while
most of their LP’s are petty thieves … even with some obstacles, simply cuz no
market is “perfect”, we’ll do just fine in EURUSD & USDJPY.
It only took me one algorithm buy trade today in gold to know this market has
seen the last of me at Turnkey … TURNKEY PAMM DOWN SLIGHTLY MORE
THAN 0.1% … I don’t really care about losing trades when they are very tiny, but
I get absolutely irate when I’ve been fucked by LP’s filling me off the market and
giving me bogus, shit fills … this won’t be happening again … in USDJPY tonight
in the Asian session … giddyup.
… outta here before my neck veins explode and the Mrs. makes me clean up the
mess! … “The future’s so bright I need sunglasses”!! 😎😎
… Onward & Upward!!
-vegas
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