“Or, how to trade gold, Volume 1!”
I think in the annals of trading, this day ranks right up there with one of the
most frustrating days I’ve ever seen … first Turnkey, where to nobody’s
surprise, a trade in my own account took 2.5 seconds to execute, ON BOTH
SIDES, where the buy gets raped going in, and then the sell gets raped again
coming out … what should have been about $0.80 gain ended up with 15
cents, thank you very much crooked, scumbag LP’s … “so, right out of the
gate early today, I got issues with their stupid MT4 … but that issue aside, we’ve
reached the point where gold is near impossible to trade effectively, and today
proves it”. I have ZERO confidence we’re being treated fairly in gold, either
by Turnkey, or their thieving LP banks … more than likely, they’re using a
robot order filler and sending orders to a specific LP, unknown to us of
course, and their bid/offer is off the market, and the routing takes a little
extra time … time which I’m not supposed to notice … can’t prove this, but I
suspect it.
There simply is nothing in this market except mystery ticks, spikes from hell,
and disastrous “slippage candy” … and when that’s not enough, they’ll hold
your order so it can be properly mugged and mauled. “Let me be blunt: There
is no such thing as “trading” in this market … there is no trading … there are
lurches up/down, stop hunts, and vapors trades, and it’s the scumbag bullion
dealers against everybody else … and we aren’t coming out on top cuz neither I
nor you can see 1) order flow, 2) institutional orders that get front runned to
death, nor 3) what the rest of the scumbag cabal of dealers is doing or are going
to do in the next 5 seconds … in other words, this isn’t a market … call it
whatever you want, but it’s not a market that can be traded without severe risk
to achieve minimal gain … call me when it gets back above 1340, cuz until then
it’s a waste of time … until the banks can be put down, it’s a waste of time … cuz
all that’s happening now is 1) the “Comex Con Game”, 2) dealers front running
orders, and 3) stop hunts”. Right now, gold is nothing but a pile of garbage
waiting to be picked up and distributed by the garbage dealers.
As I said, call me when it gets above 1340 … I’ll watch it, but starting
tomorrow I’ll be switching trading back over to GBPUSD, where there
actually is some trading … not saying it’s “perfect”, but it’s a helluva lot
better than gold in how it trades, and that’s what I’m looking for in a
trading instrument. I don’t think gold is going anywhere in the near future,
and even if it does, it has to get through 1340 to do anything … until then
it’s a bucket of manipulative shit. “I’m sick and tired of all the bullshit gold
brings to the table every day … the mystery ticks, the spikes from hell that go
nowhere, the overt dealer stop hunts, the monstrous “slippage candy” that
would make Vito Corleone blush, and the loss of a customer base that keeps
shrinking by the day … screw it, who needs it until it actually goes somewhere?
… until then, there are much better opportunities in Cable”.
Sure, Cable has its moments of insanity like everything else on the board, but
for the most part the “Brexit shitshow circus” is about to either get a “no
deal” and it’s over, or it gets delayed until the end of the year … it’s over or
it’s delayed, my point being the gaps in price we used to see are for the most
part a thing of the past … in any event, it’s better than gold, which is a
complete nightmare to navigate. Like I said, gold isn’t even a market
anymore, it’s simply a “manipulative scheme”.
Tomorrow sees NFP … oh joy, oh fun … another manipulative morning,
where for 5 minutes post report, th scumbag banks will steal more money
from customer accounts worldwide than what was taken in the Brinks train
robbery … and FYI, that’s why reports are released during market hours.
tomorrow mi amigos … Onward & Upward!!
Have a great day everybody!
-vegas
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