FROM RED TO TRIPLE DEEP PURPLE!

“And to think, this was my happy face today!”

“What you read today, you’re not gonna believe … but, I got the proof, as you’ll see soon enough”. It all started innocent enough … data at 4:30 EST, Cable quiet, the LP’s doing their usual screwing of customer orders via stops and fills … up until the data dump, a usual morning. When the data came out, again, the usual stop hunts the requiem for the day, and the market starts begrudgingly moving higher.

My thoughts here are simple: “it’s Friday, and unless the market can move out of this pathetic 119.8 PIP range, no need to mess around with it … all it’s gonna be is chop, chop, and more chop via the usual fun & games the LP’s play with customer orders. However, if it gets over 1.3170 or under 1.3100, there’s likely to be fireworks heading into the weekend; question is, can we get to either side. Well, it didn’t take long to figure out did it? Up we go, and at first the mid to upper 1.3160’s provided some tough resistance, and I’m thinkin’ if Cable goes 1.3171 bid, I’m getting long for the stops above 1.3177, which have been there all week. I also put an order to “Take Profit” on the order ticket at 1.31850, FIGURING THIS IS ABOUT THE AREA THE STOP RUN SHOULD STOP, AND IF I DON’T HAVE SOMETHING IN THERE, I’LL MISS THE BEST PROFIT OPPORTUNITY”.

So, we’re trading up in the 1.3160’s, and it goes 69, 70, 69, 70, and then 71 bid 71.40 offered, and I press the buy at the market button … “Now, you ready for this bullshit from the LP? … I get filled at 1.31855, a full 14 PIPS above the market … but wait, it gets better … IN THE SAME SECOND, IT FILLS MY “TAKE PROFIT” ORDER AT 1.31850! “WAIT … WHAT”?

Now, I know what you’re thinkin’ out there: “How can you get filled at 1.31855, and your “take profit” price is BELOW your fill price in the same second”? Well, no shit … how come I didn’t get an “improper order parameter” error message? How is it possible the “super-duper” HAL9000 computer system you use accepted this order when it is clearly in error at the fill me at 1.31855 (which is bullshit and everybody knows it) on the “way up” to the then high of 1.31875, 2) they then sell my “take profit” order higher than my fill, 3) they fill me at my order price and POCKET THE DIFFERENCE.

“You got to kiddin’ me -vegas; they did this”? You want proof, I got proof; directly below, the order ticket from the master pool account “account history”, detailing the scumbag bag LP hit job on the PAMM. Go ahead, look it over carefully … note the prices and times, and then tell me how it’s possible if it’s legit? … there ain’t no way it’s legit … they are scumbag scam artists and should be in jail for robbery … you know it, I know it, and they got the brokerage houses and regulators in their “hip pocket”.

[click too enlarge, please, and look at this.]

Go ahead, try and place a sell stop above your long position, or a buy stop below your short position, and see what happens. I’ll tell you what happens, you get an error message that says the order parameters are “invalid”. Same will happen if you put a “take profit” under your long price, or a “take profit” above your short position; by definition, how can you “take a profit” on something that is a LOSS? Well, I guess you can if you’re a Turnkey Forex LP, cuz they did it to the PAMM today.

As you can imagine, I’m seeing red at this bullshit, and of course, they tie me up in explaining the scam [go ahead Turnkey, erase the account history, I got a copy of the order ticket for the entire world to see … you & the LP can explain away all you want, but I got the proof of something that under no circumstances should happen, cuz the computer should have rejected the order … plain, simple, end of story … but no, the LP sees a chance for further profit and takes it, to the detriment of the PAMM … who cares if it’s only $5 plus RT commissions, the fact is they did it … F-ing scumbags of the highest order.] And, of course, they don’t appreciate it much me telling them they are thieving scumbags that belong in jail for their bullshit, but if my explanation isn’t correct, then somebody out there give me one that “fits”, cuz the order makes no sense for the computer to take it and fill it. Period. It isn’t a “limit order”, it isn’t a “stop”, it’s a “take profit” AT A HIGHER PRICE sell order.

Well, I apologize, but this takes me over an hour with these ass-clowns, and meanwhile the market gives another decent buy signal which we should have profited from … but no, I have to explain to pure idiots why the order makes no sense. At this point I’m pure red … but wait, it gets better. The rest of the day in GBPUDSD is pure LP hell; every order I do is off the market by at least a full 1 PIP, and the last one clipped us for almost 2 PIPS … now I’m “triple deep purple”, and my head is about ready to splatter all over the wall and the dog. All the while, I’m trading GBPJPY with 5 and 10 lots in my own account and getting fills right on the market, with one 2/10 of a PIP off on a liquidation [big whoop]. “And I’m asking the LP … WTF man, how can I get total bat gunao fills in Cable, and get “fair” fills in GBPJPY? All that tells me is that the PAMM is getting screwed royally by you and your pals, each and every time I trade … and you expect me to boost my volumes when I get treated like horse shit from your HAL9000? … Clearly, there’s a problem, and it ain’t on my side … problem is all of you are thieves with a capital “T”, and if I were King, you’d be in hiding somewhere”. And, of course, they don’t like hearing that either, but at this point I could give a flying “you know what” to what they care about.

And what really “frosts my cupcake”, is the fact that everything I’ve been saying about volatility, ranges, stops, and the scumbag LP’s comes to fruition today, and the account should be up 1% - 2% today, and instead, with simply awful [there isn’t any other way to say it] fills, and the fact I’ve got to explain the “ABC’s” of trading to a bunch of dimwits and waste time, we end up losing about $60 … this really pisses me off … you have no idea.

I demanded a written response from the LP regarding the order … I’ll post it in its entirety when the ass-clown finally gets back to us in the next 1 – 30 days; when they finally get around to it between screwing other accounts … it should be funny as hell, going through the twisted logic of this FUBAR-ed order, and how they justify something that should not be … You’ve seen the order ticket … what does “take profit” mean? … does it mean a LOSS? … Apparently with Turnkey, and their batch of doofus LP’s, it does … We’ll see.

There is some good news, though; last trade I made today was in GBPJPY, and both entry and liquidation were “right on the market” … I went for a “scalp” to see if the orders contained slippage … neither of them did, and as a result, I made back the slippage we received on the last GBPUSD order of almost 2 PIPS … some comfort right? On the other hand, like I said, I was trading some today in GBPJPY, for my own account, and was happy with the algorithm signals [which Cable wasn’t getting] they produced. The reason I was doing this, is the fact that all week long, both GBPJPY, EUURGBP, USDCAD, & GBPPJPY were getting good algorithm signals and Cable wasn’t; I’m not gonna sit around and watch other volatile markets make gobs of money, and sit while Cable does Mr. Jack Squat. And, I wanted to see how volumes got treated before I switched the PAMM trading, which I intended to do starting next week into GBPJPY.

The logic of this move should be clear … while we are getting “bent over the pasture fence” by the GBPUSD cabal of LP thieves, 1) GBPJPY has treated me well all week … granted, I side-stepped the stop-hunts, but there simply isn’t the slippage in GBPJPY as there is in Cable … a very strange set of events, but it’s been that way all week … should I expect it to improve? [Me thinks not!] 2) starting with the European session and then morphing into the U.S. session, the spread for GBPJPY is only 1 or 2/10 of a PIP higher than it is for Cable … that’s nothing … and GBPJPY is over 50% more volatile in its ranges … “well hell, if you’re gonna screw me on Cable fills, and aren’t gonna give me the volatility, why the hell should I trade you? I can trade GBPJPY, and get better fills and better volatility, along with ranges that are consistently at least 50% higher … all this for maybe 2/10^th of a PIP, if not 1/10^th? Man, sign me up for cryin’ out loud”!

While I got nothing but praise for Turnkey Forex, you have to realize they are only middlemen in this equation; they aren’t responsible for the crime. Having said that, though, like the Hollywood elites who have known about Spacy, Weinstein et al for years and decades, and said nothing to either promote their careers or take “hush money”, brokerage houses are the enablers of the LP’s; there are only so many big banks to go around and make markets, and if you piss them off, and they end up showing you the door for whatever reason, what do you, the brokerage house, do now? Generally, the folks at Turnkey are helpful, and try to get to the bottom of things; but, at the end of the day, they will side with the LP, each and every time, cuz that’s where their “bread is buttered”. So, it should be funny as hell, the email that’s coming our way in the near future, explaining this mess. As for the bat guano fills? Standard response is always … and I do mean always … “the HAL900 has checked itself, and says everything is F-ING awesome, baby! … all fills are “fair” and on the market”. [Yea, sure they are … I’d have more respect for them if they simply said, “yup, we screwed you … so what”? … but this crap”?]

So, next week, I’ll be moving over to GBPJPY; truth revealed, I didn’t think the more “honest” market would be a non-Dollar cross, and I expected the spread in GBPJPY to be higher than it is … like I said, only a tenth or two difference from Cable, but a 50% increase in ranges and volatility … I got to admit, I am surprised by this, but in the long run, it’s a good development for us as I trade higher volumes. Yes, I’m pissed they [brokerage house & LP] took me away from the market to explain the obvious problem; nothing I can do about that, but let me simply say this: “win, lose, or draw today in Cable, it’s literally peanuts … and yes, I do mean “chump change”, compared to the potential waiting for us starting next week in GBPJPY … so, while it pisses me off they wasted my time, the dollar amount isn’t meaningful compared to what GBPJPY signals give us … just keep this in mind”. Really, today is just cheap “tuition” and the expense of moving to a higher market; one that has all we want and more, with a great spread and fair fills … I can’t ask for anything more than that.

Why is it, every time I have a problem with one of the LP’s and/or Turnkey, my spreadsheet program goes on the “fritz”? First with “MS Office 365”, and now with “Open Office”? Once again, the “updates” won’t load and install; I did this the other day, for cryin’ out loud; you tellin’ me there’s more updates? Anyway, when I get it fixed … AGAIN … I’ll upload the PAMM spreadsheet … tonight, tomorrow, or Sunday when I post GBPJPY 8-hour data & 5 year weekly data [I was gonna do USDCAD, but I’ll finish GBPJPY first, since I’m trading it on Monday going forward.]

I want to be clear here; I got nothing against Cable, but if the LP’s are going to “hose us” and rob us each time I click the button [and they have all FRICKIN’ week], why should we put up with it? All told, I think we gave them over $200 this week in slippage on 1 lots … that’s BS, and I gotta do something about it … the only thing to do is move to the more volatile cross, where GBP is in the numerator, and the cross has its own dynamics apart from the Cable shenanigans.

I think, unless there is a complete “sea-change” in the market [which I don’t foresee], you will see next week that GBPJPY, along with the algorithm, produce some fantastic signals … they’ve done it all this week. And really, no matter what Cable produced today … win, lose, or draw, I had intended to move us to GBPJPY since Wednesday … I simply wanted a new week to start, and get the data up on the website first, which I will do this weekend and have up on Sunday night.

So, hang in there folks, it is what it is, and now you know why I do small volumes first before I go wading into the pool … you never really know until you’re standing in water, if the sharks are about to take a bite out of you. Well, we found out in Cable, while at the same time, doing much higher volumes in my own account in GBPJPY, everything is excellent … I got no problem moving our trading over to this market next week. Onward & Upward!

Too bad Johnny Cochrane isn’t with us anymore … maybe I “better call Saul”! … we’ll sue for the $5, and Saul will ask for $1.4 billion in punitive damages; cuz of all the pain & suffering of course! I’m outta here … until Sunday night mi amigos.

Have a great weekend everybody!

-vegas

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