MARRINER ECCLES BUILDING ROULETTE

 

“I’m sure everything will work out just fine!”

Typical roulette FED decision day on interest rates … markets held hostage 

until 2 P.M. EST … so far very tight ranges across the board in pretty much 

all financial markets, but I’m a little surprised EURUSD has a 50 PIP range, 

with all the action on the high side … after yesterday’s straight down 

drubbing, you sure can’t tell it even happened. Everything is gonna change 

shortly.

“Well, that escalated quickly, didn’t it”?

And of course, what comes with a “news event”? Why 100% wider spreads 

and slippage you could drive a commercial truck through … and in late New 

York trading which makes it even worse … “make no mistake, all the scumbag 

LP’s deserve to be in prison for outright thievery … pick any hour of any day, 

and there’s enough evidence there … but the New York banks are the absolute 

worst of the worst when it comes to picking our pockets, and today is no 

exception”. Why do you think I hate trading New York afternoons?

Only one trade today … PAMM down exactly $2.93; “thank you very much 

scumbag LP for the shit fill getting in, and the worse than shit fill getting out.”

I hit the buy button and the offer is 1.23231 … I get filled at 1.23256 … I 

bring up the liquidation box, and the bid price is 1.23278 … I hit the 

liquidation button and get filled at 1.23257 … that’s over 5 PIPS total = $100 

on a 2 lot; “thanks for the 10 second stickup ...can you fry an egg on my neck

now”?

And I see this, and that’s it … I quit for the day, do whatever the hell you 

want cuz I’m not playin’ in this bullshit up to my armpits, cuz there is no 

room to maneuver at all with horseshit slippage fills like this … seriously, 

these people should be in jail.

I’ll take the meaningless $2 buck & change loss, and we’ll come back 

tomorrow, when hopefully more sane trading conditions prevail, and the 

thieves at the 7-11 are still counting the money they stole from everybody 

today and aren’t playing anymore … it is what it is, and there isn’t anything 

anybody can do about it … it’s just something all traders have to live with in 

the trading paradigm we find ourselves in currently … still, I never get used 

to getting held up and it pisses me off greatly.

Oh well, the dog says he’s still my BFF, “only cuz I let him keep the change 

from the pet store last night and didn’t eat any of his doggie treats” … if he 

was actually trading this stuff, he’d take a piece of donkey from somebody at 

the LP bank I’m sure. Anyway, I’m outta here … until tomorrow mi amigos 

… Onward & Upward!!

PAMM spreadsheet directly below.

 

Have a great day everybody!

-vegas

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