I’M REALLY, REALLY LOSING MY PATIENCE

“I did, and it’s called ASSETS FX”

“How many days did that fucking take; five, seven, maybe a week and a half?” In any event, it didn’t take long, did it, for the “new” LP at ASSETS FX to begin the process of raising spread conditions in the DOW30 & SP500? I have warned repeatedly, given their track record of lousy CFD’s in the stock indices over the last 2 years [this is their 4^th attempt], that we would have to watch carefully to see if the LP could be trusted to keep trading conditions stable for customers; “of course not, that would be too fucking easy and give clients a good stock index to trade during U.S. hours. On some levels, these people are worse than the Clintons, and that’s saying something.”

You’ll remember, just a few scant days ago the DOW30 & SP500 were put on the ASSETS FX MT4 with spreads of 1.4 index points and 0.40 index points, respectively. Yesterday late morning, with dull trading conditions everywhere and not a damn thing happening, all of a sudden it changes. Below, a “snapshot” of the new quotes taken off my MT4.

Well, looky here; now we got 1.8 index points for the DOW30 and 0.60 index points for the SP500; throw in round turn commissions and the SP500 is untradable at a “net” cost of 0.7 index points [who the hell is going to trade this?], while the DOW30 “net” trading costs go from 2.4 to 2.8 index points. Too be sure, the DOW30 at 2.8 is still tradable, but it is their continued pattern of deception, lies, and ‘bait & switch’ that really pisses me off. EXIT QUESTION: “Does anybody out there really think this is the end to spreads being raised and money stolen out of our accounts for absolutely no reason other than LP greed?” To ask the question is to answer it.

Of course, the blistering email I sent off to the LP will be met with crickets, cuz bottom line is they don’t give a shit; same with the brokerage house. “Bitch all you want customers, we just gave ourselves a raise!”

So far, they haven’t touched the DAX30, probably because they have too many clients in Europe that trade it and they need to stay competitive with other houses for this very popular stock index; spread here has remained around 0.7- 1.0 index points, with a “net” trading cost of about 1.7 – 2.0 index points. Not the best in Europe by a long shot, but not anywhere near the worst either; above average and tradable. We’ll see what happens here as well in the days and weeks ahead.

Seriously, these people are contemptible, because they think we don’t notice or care about our trading costs and that they can just do whatever the hell they want; in a strict sense that is true, but it’s also true I don’t have to trade through you and can take my trading account someplace else, so go fuck yourself.

So, I’m not exactly in the best of moods this morning coming into the day; my fuse is short. And just for the record, I had to deal with the dog getting into it with the neighbor’s cat late last night, thus cutting into my beauty rest. “Look at me when I talk to you … what the hell are you doing? … how many times do I have to tell you he’ll kick the living shit out of you cuz he’s got claws that hurt? … and so, after peeing for the 407^th time yesterday, you decide to go looking for trouble? … hey, guess what dumb ass, you found it!”

And so, he comes whimpering into the house looking for Mommy, acting like he deserves a ‘Purple Heart’ for bravery cuz his nose got scratched by the big, mean, bad ass cat next door. And of course, Mommy pampers the living shit outta him with ‘goo goo baby talk’ and hugs and kisses as she puts a little antibiotic cream on the side of his nose while he’s all shivering and upset. “For Christ’s sake, it’s not even bleeding! It’s just a scratch.” [Ok, now who’s the bad guy, as 2 sets of eyes pierces me like bullets for being “insensitive”.]

Ok, hours later after our brave Comrade fought the “enemy at our gate”, he’s settled down and munching on a bacon Beggin’ Strip, and I’m tryin’ to figure out what happened as I partake in some medicinal Scotch on ice. Best as I can tell, it all went down something like directly below.

“All I did was call him a ‘Pussy’ and he goes all nuclear on me!!”

It looks like Comrade Merkel’s statements early this A.M. in New York about “hard Brexit” got some gold shorts to hit the liquidate button; this after, of course, the Asian session failed to produce a rally. This produced 2 moves to the upper RM=1 exhaustion lines seen in the chart below, about 2 hours and 40 minutes before the 08:00 New York open.

So now we’re after 08:00 and we get the first buy signal from the algorithm, and to be honest I’m not at all excited about buying this stuff at 1270.75.  The chart directly below.

And really, after a few minutes, I’m not liking the action in the marketplace cuz I don’t think we can vault higher due to the fact we got Fed Beige book out later at 2 PM. Yea, it’s a long ways away, and a lot can happen, but we already got an $11 range which is higher than what we have seen lately. All I’m looking for now is a short spike up to get out with a good fill, cuz I know if I sell [liquidate] after it turns around, me and another 5,000 traders will be hitting the button. On that little blimp up [orange arrow] I sell, and do get a decent fill, so my piddly profit is a little less than half a buck after commissions. It is what it is, and if this first signal is any indication of the rest of the day at this level [which I think it is], then it’s going to take a nice waterfall of some kind to get me long again today.

[Note: In case you haven’t noticed, I’m taking the screen ‘snapshots’ of my algorithm trades as soon as I close them; I’m doing that so you all know, at the time it is happening what I’m doing and thinking. I don’t want Skeptic Cat on my ass, emailing me and telling me how easy ‘hindsight’ is after the fact and ‘cherry picking’ a fill or some trade. So, get used to real time trade charts as they happen. (Unless you think I can somehow make data disappear off a chart on the MT4, in which case send me your address and I will send you some more tinfoil.)]

Directly below after a couple of hours [white/orange arrows were first trade], I’ve highlighted in blue another algo trade you could have made and made money, although I’ve chosen not to take it for reasons I said above. If you took it, then great.

From where I’m sitting, the day in gold is over; I could be wrong obviously, but I just don’t see [unless the Fed Beige Book produces some nasty surprises at 2PM] what “lights a fire” under gold to go higher and expand the range. Looks to me like “chop” the rest of the day.

Right now, I need the beach[“yea, you can come … but leave the damn cats alone, OK?] and some Vitamin C therapy [Corona & Limes]. You say it’s too early do you? “Well, it’s 5 o’clock somewhere!” is my response. I’m soooooo outta here. Until tomorrow …

Have a great day everybody!

-vegas

OPEN A DEMO AND/OR LIVE ACCOUNT AT THE LMFX LINK IN THE “DOWNLOAD LINKS” SECTION OF THE WEBSITE TITLED “OPEN TRADING ACCOUNT – DO IT NOW!”

 

WHAT KEEPS US UP AT NIGHT

“All I wanted to do was order some ‘Meow Mix’, and here I am setting up an appointment @ 3 A.M. to get neutered at the Vet? Wait … what?”

Up until I left right after the “fairy tale” NFP report, Friday was one of the worst days evahhh! I have seen in electronic trading, over the whole mix of markets. Oh, to be sure, each market [FX, stock indices, metals, interest rates, & commodities] has had its rough days over the last 15 – 16 years, but throw them all in the same bag at once with headline news, and you have a recipe for disaster; and that “disaster” are gyrating markets that go up/down at speeds most traders [including myself] find not at all conducive to making money. Get on the wrong side of a couple of these vicious swings and you’ll be like internet Kitty above, looking to book a reservation at the nearest animal shelter to get your trading balls back.

Because here’s the thing; you always have to recognize and remind yourself why you are being allowed to trade by the banks/LP’s; why are they giving you and your piddly retail account such easy access to a multiple trillion dollar per day market? ANSWER IN THE FORM OF A QUESTION: “why do the swankiest casinos in Las Vegas offer penny slots?” SHORT ANSWER: “they’ll take any amount of your money any way you want to give it to them.” 

“If the LP is the squirrel, guess what your account is to them?”

So, when trading is so utterly chaotic simultaneously across multiple markets, probability theory is out the window, GBP & NFP stupidity reigns supreme, and not wanting even to be tempted by this kind of market bullshit, I left early; when I got back and took a look at what I missed, I realized immediately leaving was the right choice. If the probability for a profitable trade is not on my side, via algorithm rules, I simply will not be an “ear of corn” for some fucking LP who views my account as “lunch”!

I have repeatedly, in the past, told people there is no “perfect” brokerage house to trade at; they are all conduits for bank liquidity providers [except Saxo Bank which is its own], and thus are no more than marketing tools and middlemen for the banks because the banks do not want [under any circumstances] to have to deal with the retail trading public. So, before I consign the great “Cable Disaster of 2016” to the history books, I want to point out something I should have done on Friday; and this is an important point. Let’s take a look at the “flash crash” in Cable at LMFX and see what happened on their MT4 trading platform, and then compare it to the “rape” at ASSETS FX. Directly below, the GBPUSD candlestick chart from LMFX.

And, just as a comparison reminder from Friday, the chart below from ASSETS FX.

“Why yes, you too can lose almost 1,000 PIPS to the criminal LP for no fucking reason other than pure greed. Yes, special indeed.”

On the face of it, it’s borderline criminal what the LP crooks did to the trading clients of ASSETS FX in Cable [in my opinion, the LP was Standard Financial, which is Citibank, but it could be somebody else. Not that it makes that much difference, but I thought you might like to know which LP I thought either started this or piggybacked somebody else on the way down.]; AFTER FRIDAY, THERE’S NO REASON THIS LP SHOULD HAVE ANY CLIENTS. Oh, they’ll be quick to “hem & haw” like a flock of chirping birds in heat about 1) fast chaotic markets, 2) no liquidity with disappearing bids, 3) widening spreads 50X normal, 4) computer systems run ‘amok’, and 5) a combination of any or all of the above, but the one thing they won’t ever talk about in public is how they live to feed off of these events all the while escaping  legal scrutiny because as we all know “the only rule” in FX trading is simply this: “there are no fucking rules!”

EXIT QUESTION FOR THE LP @ ASSETS FX: “Since all dealers and LP’s face the same market conditions, have the same basic computer & networking systems, and are tied at the hip to every single level 1 top tier bank trading desk in the world on down, how is it your low bid price is a whopping almost 1,000 PIPS below the same quote @ LMFX, thus totally screwing any customer sell stop to the tune of almost 1,000 PIPS?"

ANSWER FROM THE LP: [crickets]

Of course, there is an answer, and it comes in 2 parts; the first part drives the second part: 1) absolute pure greed, and 2) the computer & networking systems are INTENTIONALLY PROGRAMMED to execute market orders with the lowest of the low ball bids/offers from a “pre-defined” list of 20-30 banks around the world; your order to sell, at any given millisecond goes to the bank for execution WITH THE LOWEST BID, and if your order is to buy, your order goes to the bank with the HIGHEST OFFER. This “pre-defined” list of banks runs the gamut from tier 1 banks like JP Morgan to tier level 5 banks in some shithole parasitic banking backwater nobody ever heard of before. In the case of a liquidation sell/buy stop on a position, that order is automatically routed back by the system to the counter party bank holding the other side of your initial position; there is no “competition” [hahaha] for your stop because the position needs to be closed with the originating bank, NO MATTER THEIR BID/OFFER QUOTE, WHICH IS MORE THAN LIKELY TO BE OFF THE MARKET WITH OTHER BANKS! So, in the case of what we saw in GBPUSD on Friday, there is the very real possibility some traders at ASSETS FX actually got filled BELOW THE LOW @ 1.10217.

And this kind of bullshit happens all the time in multiple markets; only not nearly with the severity of what happened in Cable; more like a “paper cut”. Many times, as I’m liquidating a gold position the liquidating price on my sell comes back $0.05 - $0.15+ below the bid/offer I’m seeing on my screen. Why? Because my liquidation order to close is not going to ALL bullion banks, it is strictly going to the bullion bank it originated from [i.e., the bank that had the highest offer at the time I bought, even though my trading screen ALWAYS shows highest bid/lowest offer, which from a trading standpoint is a total joke and pure fictional bullshit], and many times their quotes are “off the market” intentionally as they seek greater profits for themselves that they split with the brokerage house. In other words, the vast majority of banks in this “game” of trading are parasites; feeding off the host [the market] hoping you won’t care or notice for simply a few pennies. Great work if you can get it, all the while repeating the process a million times over during the trading day!

This is the “raison d’etre” of WHY IT IS SO IMPORTANT TO “BUY” VIA ALGORITHM RULES, AND TO LIQUIDATE GOLD ON THE WAY UP AS PRICES ARE RISING ON ABOVE AVERAGE SPIKES SINCE THE INCEPTION OF THE TRADE, OR AT WORST, WHEN IT STALLS; because if you have to liquidate when it turns around and starts going down, YOUR GOING TO BE LIKE MY FRIEND DIRECTLY BELOW!

“Please Lord, a ‘special place in hell’ for those LP’s that fill my liquidation order way off the market. Amen.”

So, while all the powers that be feign shock … SHOCK I TELL YOU … with their faux outrage over some LP who decided they needed a “quick” capital injection to meet customer losses they had to back via huge losses in gold & JGB’s and figured out GBPUSD was ripe for the pillage, the “dirty little secret” whispered to LP execs all over the world by their CEO’s on Friday was, “Christ, why can’t we do shit like this? Johnson, form a committee and study this and get back to me ASAP; damn, I could use a bigger Christmas bonus!” And so, after the SNB showed them all how to do it back in Jan. of 2015, these “one offs” are happening with more frequency than anyone would like to admit; now you know why.

And so, the brokerage house & dealer crime syndicates just sit back, watch with hidden glee as the customers “bitch, scream, holler, moan, threaten legal action [hahahaha, that’s a good one!]”, AND THEN RAKE IN MILLIONS OF DOLLARS JUST TRANSFERRED TO THEMSELVES IN SECONDS AT CLIENTS EXPENSE. “Thank you, please come again!”

And while ASSETS FX aren’t the ones that did this to their customers, and they have no control over what an LP does, it isn’t like they haven’t been warned of this kind of behavior in the past by the LP in FX. After all, I let them know in no uncertain terms of what I thought about their actions when they refused to fill my limit sell order in EURJPY @ 121.175 on its way to 121.270 before immediately dropping to 121.080. [see Friday’s post for details if you want more] And, just for the record books, they never did do a damn thing about it.

So, my message to ASSETS FX is simple; I realize you had no part in totally screwing your client base in GBPUSD on Friday, 10/7/2016 during the Asian “flash crash”; I’m not blaming you. My question, however, is a simple one: is the LP still on your platform? Because if it is, I guess you have no problem seeing your clients get royally screwed on sell stops. If I owned your business, I would have told them by Friday afternoon to “get the fuck out and don’t let the door hit you in the ass as your leaving; you’re finished on my MT4!”

Now, if they are still there with you, the next question is why? It can only mean money; they either agree to give you part of the “customer spoils” from the flash crash, or they give you a bigger piece of the spread going forward; please explain to me how this arrangement benefits your clients in any possible way?

And, if all this isn’t enough, we know from the last few weeks that the LP made changes to their crude oil CFD, seeing it go from an above average instrument for customers to one of the worst on the market in a day. “Any bets out there, that the same LP in GBPUSD is the one in Crude Oil also?”

To be fair to ASSETS FX, their spot gold [spread, round turn commissions, and minimal slippage] trading is still [and has been for a long while] one of the very best on the market along with LMFX [I know it’s hard to believe, but it’s true]. While at times I get a little annoyed with some slippage that I think is a “little over the top” with market orders, it’s still only a matter of a few pennies I’m trying to squeeze out on a position. Their recent additions of “new” stock indices [especially the DOW30, SP500, & DAX30], so far at least are very good; “net” trading costs are “reasonable”, and so far I don’t see any problems with slippage.

We’ll see what happens with these CFD’s in the days & weeks ahead; ASSETS FX history with stock indices isn’t a very good one. It was 2 years ago at this time on the calendar, that they first introduced stock indices onto their MT4 [October 2014]; since then, the current “new” CFD’s are the 4^th set [with 4 different LP’s] that are supposed to impress. It’s very early still; let’s see what they do with 1) round turn commissions, 2) spreads, 3) slippage on market fills going forward, and most importantly 4) not if, but when there is another market panic to the downside in the DOW30 or the SP500 in the future, what kind of shenanigans is this “new” LP going to pull? Will the CFD’s be on the futures market, or will the bottom drop out like what happened in GBPUSD to screw customer stops below the market that have no business being hit and set off by the LP? I guess we got something to look forward to don’t we?

As I looked over the action from Friday, when I got back from the beach and after dinner, it very much looked like a small capitulation move occurred at the European close, when somebody [read BIS on behalf of the Fed] monkey hammered gold lower in a $10 blitz in 3 minutes with $2 billion notional of futures contracts at the market [see Zero Hedge for details]. Either that, or it was the dumbest hedge fund manager on the planet [theoretically possible, but highly unlikely]. I’ll ask the question again; “What kind of normal [haha] trader person that cares about price, after a $70 price move to the downside in 4 trading days, sells 2 “large” at the market at the bottom?” Well, nobody I know that’s going to be in this business very long with behavior like that; which reinforces my belief he/she didn’t care at all about price, and that means it’s the manipulators punishing day trader longs. Directly below the RM=3 move within a minute of the European close @ 18:30 LMFX server time.

So, coming into today, what’s the worst thing you can possibly see on your screen if want gold prices to go higher today? That’s right, the numbskulls in Asia rallying gold about $8 per Oz., buying like they always do, and then watching the price drop. Seriously, these people need psychological help; “how many weeks/months/years of data do you need to convince you that if you wait to buy in New York you will get consistently cheaper prices? What the fuck is wrong with you? Pay some young MBA 100 Yen per hour to sit and wait for the manipulators to strike and buy it then; for the life of me, I can’t understand the idiocy and dementia of these traders!”

And of course, with that having been said, here we are at midday New York with what … a $3 - $4 per Oz. chop session that sees prices unable to go up or down. Exactly what am I supposed to do with this? I’ll tell you … leave it alone and come back tomorrow … not that I want to … but I’m unwilling to subject myself to a trading strategy today that consists almost entirely of hope … “as in I hope it can go higher … please?” No thanks.

This time of day all it takes is eye contact with the dog for more than 2 seconds, and a little grin on my face that says, “ready to hit the beach?”, and he’s scrambling like a fighter jet looking for Ruskies, trying to locate his leash, nurfball, and the all important bag of Beggin’ Strips. Time to unleash in the beauties of the turquoise water and forget markets … I’m so outta here … until tomorrow.

Have a great day everybody!

-vegas

OPEN A DEMO AND/OR LIVE ACCOUNT AT THE LMFX LINK IN THE “DOWNLOAD LINKS” SECTION OF THE WEBSITE TITLED “OPEN TRADING ACCOUNT – DO IT NOW!”

 

 

 

 

 

WHAT IF NOBODY DOES NOTHIN’?

THE “PUDDING BUSINESS” IS STARTING TO LOOK GOOD

I think the markets greatest fear is that the BOJ [11 PM New York time for actual decisions on rates, 2:30 AM New York time for the presser with Kuroda & Crew if you’re interested] will “sit tight” and while they do nothing will “jawbone” the market to try and take the Yen lower [good luck]. And if that happens, it leaves the door open for the FED, which I think has a very good chance of raising rates, to knock the shit out of everything.

But what if they both do nothin’? Would that mean markets are on hold until December? [Better dust off that resume to the bearded lady at the circus.]

I don’t know folks, but I can tell you this about gold; it very much feels like it’s going lower no matter what the asshats do or say. In the last 2 days, have you seen any short covering of significance after the recent move down from the 1350’s? Well, I haven’t, and that gives me a sense most commercial shorts are comfortable in their positions, and aren’t worried about what the BOJ & FED might do or say. Sub 1300 here we come.

Now, I could be all wrong about this; they both could be dovish and we get a massive move higher in short order and catch the entire crowd on the wrong side of the trade. Boy, would I love to see this!

And much to the delight of the entire financial elite community, volatility in pretty much all markets has collapsed today ahead of these 2 meetings; there aren’t any trades to be made anywhere that justify a position in this slop.

And speaking of slop, no comments from Black Pearl to Yours Truly on the blistering emails I sent them yesterday about the crude oil CFD’s at ASSETS FX, where you too can get screwed by a liquidity provider that sees you as solely an income source to be “milked” like a cow. “Hey, if we do it slow enough you won’t even feel it!”

No comments from LMFX either about their PAMM’s; silence all around as they take their sweet ass time getting things done. I mean, God forbid, let a customer know when shit will be done; it’s like they do this intentionally, almost like the airlines, they alienate and piss all over their client base and then are shocked to find out people hate them and wish there were alternatives to using them.

In essence, the financial trading business is a complete and utter mess. As retail customers, we face 2 big problems; 1) all, and I do mean ALL, brokerage house management types are lying sacks of shit, that will say anything, promise anything, and then deliver nothing like what was agreed upon, then look you in face and say, “what, what’s the problem?”, 2) the entire industry views your account as a source of revenue that is theirs, not yours; that money you put in, that’s theirs not yours; your money is just “borrowed” from them for a short while, as management in cahoots with the LP’s figure out how to separate more money from you every time you click the button.

As I have stated numerous times, the PAMM concept is in its infancy; it’s only been around for a couple of years, and the early years were a total disaster in terms of 1) fees, 2) outrageous spreads, 3) outrageous round turn commissions, and 4) slippage on fills. On top of this, pretty much everybody in the trading business from the brokerage house & LP side viewed “managed money” as “chump money”; money we can screw and at the least take advantage of with fees.

Sadly, not a whole lot has changed much; in the last 5 years I’ve hosted 6 PAMM’s that had to be shut down, either because the brokerage house no longer wanted U.S. clients or money managers [3], or because when I started trading spreads ballooned, slippage increased, round turn commissions increased, volume quotas were instituted, or a combination of all four and I simply said, “this is bullshit, and I’m not screwing my clients, so shut this thing down. This isn’t what I agreed to!”

To be sure, some brokerage houses & LP’s are clearly better than others; that doesn’t mean they aren’t lying sacks of shit, it only means they don’t stink as much. I’m trying very hard to show patience and remember what it is that is at stake in this business; I know “Rome wasn’t built in a day”, and I fully realize from the annals of business history these things take time. But for Christ’s sake, you would think one of these outfits would get their act together and dominate the business; sadly, so far, it’s amateur hour on a massive scale. Until tomorrow when “stupid shit” happens … I’m so outta here.

Have a great day everybody!

-vegas

SPITTING INTO THE WIND

“So, you wanna a piece of me?”

We live in a world [financial, political, etc.] that is changing so rapidly, there are days when I just want to jump off and say “stop the spinning before my head explodes!” Two things today that “frost my cupcake”, and I got that look on my face like the dog above; “you pretend to throw the ball and expect me to run? WTF is wrong with you?”

The first is the crude oil pricing and spreads at ASSETS FX, where 2 things are in play today that I most definitely DO NOT LIKE; 1) increase of spread costs by 25%+ from 3 cents to 4 – 4.2 cents, and 2) this idiotic 3 decimal pricing by the “Black Pearl” liquidity provider [London] that does nothing more than rip customers off and place them at a bigger disadvantage when trading. So, why the increase in the spread? Because they can, and you’re not supposed to notice, so STFU and start trading. The 3 decimal pricing is nothing more than an attempt to pick buy/sell stops off from small retail specs who are trading, and serves absolutely no other purpose. None. This is a pure greed play by increasing the cost of trading for no purpose, except you’re not supposed to notice.

Those of you that have accounts at ASSETS FX, send them an email at the following; info@assetsfx.com and let them know you don’t appreciate what Black Pearl is doing, and tell them to pass along your criticisms to Black Pearl, and that you won’t trade it unless they stop. That’s the only thing we can do; stop the money flow where it hurts them is the only thing they pay attention to and understand.

My second bitch comes from LMFX, where all of the PAMM upgrades should have been completed 5 weeks ago; in other words, I’m getting the same old “tried & true” brokerage house bullshit of 1) “Everything Is F-ing Awesome, Baby?”, 2) the PAMM will be up “soon”, and 3) “Everything is F-ing More Awesome-er than it was before!” and thanks for your patience. “If I want bullshit, I’ll walk into a pasture full of bulls, Ok?” In other words, I’m getting stonewalled by these guys and have no idea what the hell they are doing, why they are doing it, what the delay is, or how long it will be.

What is extremely frustrating to me [and I’m sure others as well] is that in order to put together a PAMM, you need to do planning which takes time; then the brokerage house comes along, and along with the LP, changes the rules that made you want to partner with them in the first place. It’s like I’m just some chump who just hopped off the turnip truck and said “wow, looky here, a place to trade. Go ahead and rip me off, lie to me, and change your trading conditions, cuz I’m just some rube who doesn’t pay attention to things like you sticking your fucking greedy hands in my wallet. Yea, no problem.” Well, it is a problem.

What makes matters worse is that we all [U.S. citizens & residents] are being “sold out” by our government to the likes of the pukes at the CME, who make no doubt about it, don’t like the fact you can trade CFD’s and don’t have to use their futures contracts. The number of “offshore” [definition = non U.S. based] brokerage houses that accept U.S. clients grow smaller every day, as most offshore brokerage houses want nothing to do with U.S. clients because of the hassles of the U.S. Government. The ones that do accept U.S. clients [like LMFX] know this, and thus feel no pressure to keep their promises; “shit gets done when it gets done, OK?”

To put it all into context, we HAVE NO STABILITY AMONG BROKERAGE HOUSES AND/OR LIQUIDITY PROVIDERS, AND THE ONLY THING YOU CAN COUNT ON WITH COMPLETE 100% CERTAINTY IS THAT THEY WILL DO THEIR UTMOST BEST TO FIND WAYS TO EXPLOIT YOUR ACCOUNT FOR THEIR OWN PROFIT. If that means THEY LIE TO YOU 100% OF THE TIME, raise spreads indiscriminately, raise commission round turn rates, increase slippage on market fills, not honoring limit buy/sell orders, and raping buy/sell stops at every chance, well … THEN SO BE IT! And when I see it, I get greatly offended by it. I’ll have more on our gold PAMM tomorrow.

Other than that, “Everything Is F-ing Awesome, Baby!”.

And, of course, the entire world is on “hurry up & wait” as this is Central Bank week [no trades today]; markets churning, going nowhere, as we all await the “stupid shit” they will unleash in the next 48 hours. Thank God, nature isn’t nearly as fucked up as the financial markets find themselves in with being controlled by the 0.01%. The beach awaits … I’m so outta here with this mindless, senseless chop.

Have a great day everybody!

-vegas