“Any guesses who I’m screaming at?”
“Oy” is an element best avoided … and with the ECB rumor mill in full swing,
stocks getting “monkey hammered” lower, and 199 other market moving events
to consider, is it any wonder today’s EURUSD market was just a tad
“psychotic”? Again today, the problem is no liquidity & no volume, and that
leaves the market up to the scumbag LP banks to jack fills around to make up
for the lack of any corporate volume … and they were more than happy to
attack us today with shit fills.
“Why yes, I would like some cheese with that whine … thank you”! … Pretty
much without exception, except for the last trade or two, every other trade saw
slippage from ½ PIP to the most egregious fill I got today of 3 full PIPS off the
market … “so yea, I’m not a real happy camper with the way things shook out
today, cuz these asshole, scumbag banks did a number on us … all told, looking
at the trades, they robbed us of over $200 today in slippage … and you wonder
why I hate these guys”?
All day long, you could see in the order flow, just how dangerous price changes
were occurring ... outside of the 40+ PIPS in a second spike up at 12:00 server
time, due to the Reuters report the ECB is planning on a rate hike in Q1 2019,
there were phantom mystery ticks of 3 - 5 PIPS all over the place, both up &
down, quickly followed by a move right back from which it came not 5 seconds
earlier. The Reuters report changed the day, though, and turned sentiment
solidly to the bull side, but for long periods, the market couldn’t move much,
only to have very fast moves with little or no follow through … up or down, it
didn’t make any difference. About the time you wanted to buy, EURUSD
gapped lower by 7 PIPS in less than a minute, where in the next two minutes
it rallied 9 … so on and so forth the whole damn day … a very frustrating day.
Turning to today’s action … now that the “EURUSD Aggressive Scalper
Tutorial” is out, I didn’t sit on my hands today, and I increased volume levels,
but the slippage was too much for me to overcome without risking more than I
wanted … and while I would have liked to make every day in 2018 a money
maker, today saw a very tiny collective loss of $14 and change.
A total of 9 trades today … PAMM down very slightly; all told $14 & change.
Yes, I could have traded into the late afternoon in the New York session, but
after about 18:00 server time, things started to get choppy and the spread
started to widen some, going into the end of the day … now out to about 3/10
or 4/10 of a PIP. Whether I’m up $14 or down $14 doesn’t really change
anything … the $14 I’ll get back tomorrow, but what I don’t want is to get into
something and get caught in another end of day blitz, that sees price go 5 - 7+
PIPS against me, with no chance to make it back … that is the worst , most
helpless, situation you can find yourself in as a trader, and so I will not go
there.
As I said earlier, I’ve increased volume sizes and today saw 2.3 million
EURUSD traded … so, losing $14 isn’t something I lose sleep over, but it still
“frosts my cupcake” and pisses me off to no end … I made a strategic mistake
today, that I should know better than to do … it’s technical, and no need to go
into detail, but as a professional trader I’m not happy with myself over it
… “oh well, another Corona, here in a few minutes, to deaden the pain”.
Tomorrow’s another day … I’ll be back at it, and with increased volume sizes,
I’m looking forward to the next few days through the FED meeting on
Wednesday … until tomorrow mi amigos … I’m outta here … “I sent the dog
for more Corona’s and gave him $20 ... where is he”? … oh well
… Onward & Upward!!
PAMM spreadsheet directly below.
Have a great day everybody!
-vegas
OUR TURNKEY FOREX “PAMM/MAM” IS NOW OPEN AND
OPERATIONAL; SEE “PAMM/MAM MONEY PROGRAM” IN
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