Remember this tweet?
Of course they lied … it’s all they know how to do about anything … it’s in their
DNA … liar once, and it’s non stop thereafter, especially when they assume the
corrupt MSM won’t call them out on it … baby formula shortage? … “It’s in the
papers, so I guess I better respond, huh? [chuckle chuckle] … we’re not mind
readers” jokes “Taliban Joe” as he attempts to deflect blame, acting like this is
some big surprise event … fact is, his incompetent regime has known SINCE
OCTOBER 2021 there was gonna be a problem … 8 months later and they’ve
created a government website that doesn’t do Mr. Jack Squat … leave ANYTHING
TO JOE BIDEN AND IT WILL BE FUBAR … count on it!
On a more subtle note, there’s lying by half truth, something Turnkey is very good
at … outside of a few pairs, every single bid/offer quote is an illusion … ladled
with slippage that would make Vito Corleone blush … a few observations … 1) we
live in an era of government manipulation of financial markets, and as their BFF
scumbag bank LP’s are the conduit for central bank policy, the banks are
“protected” entities, meaning quite frankly they can fill your order anywhere they
want and then cry, “DUH!, market conditions, DUH!”, on every single occasion of
any spec trader anywhere getting royally fucked … 2) not all houses are equal
… there are good houses with good markets that are served with decent LP’s … to
be sure, not in all markets … then there are places like Turnkey, and then those
WORSE than Turnkey, where you don’t stand a chance in any market it’s so bad
… 3) as I’ve previously stated in the blog posts, the “VIX Genie” is out of the bottle
now … you somehow don’t think the scumbag bank LP’s don’t know this,
especially in FX? … of course they do! … and their immediate reaction is to adjust
the “slippage meter” on your fills, cuz they ain’t gonna allow you to sit here all day
and pick ‘em off with 1 PIP trades for profit … you CLOSELY watch pairs like
EURUSD or USDJPY, and you’ll quickly notice at Turnkey, the bid/offer quote quite
often changes BY MORE THAN 1 PIP in a microsecond, even with a bullshit razor
thin spread … and the message here is quite simple … scalp for small PIP gains,
and your scalp is the one on the floor … 4) the term “liquidity provider” is a
semantic illusion at Turnkey, and doesn’t exist … they have “market makers”,
who fill your order based on where their book lies and how they’re positioned
… go to buy when they want to sell [for whatever reason], and most likely you
get a halfway decent fill … go to buy when they want to buy and don’t really want
to sell you anything and you will get mugged, raped, then shot in the head
… count on it!
Another Monday bucket of shit … nothing moves until the “Spoos” move … FX its
usual death on a stick with lousy action … crude oil not doing much of anything,
as the grind sets in for some hellacious chop … just another Monday VIX
crushing … EURUSD can’t even get a 50 PIP range after 17 hours … it’s early yet,
the criminals have barely got going with the NYSE open, but it ain’t looking
promising if you’re looking for some active, fluid markets … man-O-man, what
a joke.
Sad to say, there will be no crude oil trading for the PAMM at Turnkey … one look
at what their criminal market making “liquidity providers” [bwahaha] did to the
WTI CFD at 18:15 & 18:16, taking it up $2 and then down $2 while no other house
trading oil had anywhere near that kind of move at that time, and then telling me
the prices were LEGIT when I questioned them on it … what a fucking rip off is all
I can say, and it’s a good “Hoover Dam” thing I didn’t get caught in the FUBAR
mess, cuz if I had people’s ears would be burning … do they give a shit? … nope,
could care less … and that pretty much “seals the deal” for trading any CFD at
Turnkey … not gonna happen.
FX a graveyard today, with some pretty pathetic ranges since Europe opened 9+
hours ago … I’m gonna expand my list of FX pairs to include EURJPY, to go along
with EURUSD & USDJPY … some days it makes sense, especially when they each
head in the opposite direction … nothing to do today, as VIX is about as close to
ZERO as you’re going to find it, meaning the trading algorithm parameters are on
top of each other, and it takes little to set off “false positives” … nothing I can do
about it, it is what it is … nobody gets to have their cake and eat it to! … generally,
we need to see [at a minimum] 50+ PIP ranges starting in Europe and then carrying
over to the U.S. session to maybe an hour or two after the London Fix … today saw
YEN move nicely in the Asian session [about a 95 PIP range], but after that it was a
disaster with only an approximate 55 - 60 PIP “Flying Wedge of Death” [FWD] yo-yo
… the EUR pretty much dead the entire day, despite repeated Apparatchik PIE
HOLES from the ECB touting interest rate hikes this Summer … “hey PIE HOLES,
nobody believes you!” … EURJPY did better, going about 90 PIPS, but again, it’s
the yo-yo FWD at work cleaning out stops on both sides, and making life tough for
anybody trading it, and then going right back to the middle … but whatever, it’s a
viable pair with a decent spread and trades well some days.
Too bad about oil … Turnkey cutting their nose off to spite their face … what a
bunch of Dopes … but hey, you wanna run your trading business to get ZERO
TRADING REVENUE from it, by all means have at it fellas … no trades today cuz
nothing to do … I was primarily looking at EURUSD most of the day
… man-O-man what a disappointment that pair was … but no worries, it’ll move
here soon enough.
… outta here … “The future’s so bright I need sunglasses”!! 😎😎
… Onward & Upward!!
-vegas
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