As one commentator quipped, “I don’t know who “Taliban Joe” is gonna pick for
the next SCOTUS seat, now that Breyer is retiring … however, whoever it is,
he/she raped me 25 years ago”! … and so the circus starts with who has all of the
right identity & diversity boxes checked, with the “right” Libtard litmus tests all in
order, and ultimately who shovels the “right” amount of cash up the ladder to
“Taliban Joe’s family & cronies … maybe Hunter Biden can help pick the next
SCOTUS … oh wait, he’s too busy in Ukraine right now covering his ass … I
suspect race hustler Al Sharpton to come to the fore, with his hand out for his
endorsement.
This is the kind of bullshit that got Kamala Harris elevated past the horizontal
position in Kalifornia, and now the entire world can thank Willie Brown for that
disaster … next time Willie, just pay the Hooker, OK? … and we all end up poorer
in more ways than one, cuz there’s “no there there” behind the fake smile … just
a Libtard Prop who’s expected to take orders and then STFU … I give you such
legal geniuses as Sotomayor & Kagan, who between them couldn’t run a hot dog
stand at a baseball game … and down the moral rathole we go, further & further
towards the end game of revolution … no country lasts forever, and this one
won’t either!
Everything, and I do mean EVERYTHING, except 2 pairs, is trading very badly,
with blown out spreads, and who knows what slippage at Turnkey … these guys
really take the cake don’t they? … point this out to ‘em, and they come back with
the “we’re just an ECN / STP broker taking feeds from our LP’s and we have
nothing to do with nothing, and we have no say in anything” … the only two
exceptions are EURUSD & USDJPY, where spreads are very tight … the rest of
their offerings a bag of shit, where the “bait & switch” LP crowd is at work every
second of every day attempting to screw accounts with bullshit spreads cuz
they can, and then adding slippage cuz “DUH!, market conditions, DUH!” … and
while I can’t prove it, my gut says Turnkey is getting part of the cut as they route
a majority of our orders to favored LP’s that pay out the highest to them after an
order is butchered.
“It’s really very simple … they don’t want anybody to profit from scalping markets
that are somewhat volatile, so they jack the spread out … then they add slippage
to boost profit to themselves and punish you for thinking you can “beat the bank”
… their philosophy is you aren’t allowed to make money more than them for their
efforts at making a market” … why they should care is beyond me, except to say
it PROVES THEY AREN’T LIQUIDITY PROVIDERS BUT MARKET MAKERS, looking
after their own book for extra profit … the spread at times today in GBPJPY simply
ridiculous, upwards of over 2 PIPS on more than several occasions … and quite
frankly, that’s bullshit … forget “Stock Bellies” and everything else as well, cuz
spreads are blown out there as well, as they USE THE SP500 VOLATILITY AS AN
EXCUSE TO SCREW YOU! … but when you look at those markets, it makes no
sense for those spreads to go higher based on their respective ranges and
what’s going on … they’re trying to sell us a bill of goods based off of “Spoos”
VIX, and it’s bullshit … meanwhile, other offshore brokerage houses don’t seem
to have the problems Turnkey has with LP’s … I guess they intentionally lose
money to service their client base, right?
Can’t argue with today’s FX ranges, only that the entire FX space is moving
lower together … that leaves GBPJPY in the dust … but it’s the blown out spread
that pisses me off, cuz there’s no reason for it … and once again, the horseshit
that we have to deal with away from the actual market is legendary … and it’s
why around 10 AM EST I said, “fuck this”, and decided to go to USDJPY for our
trades … sure, there’s some warts on this pair, especially when it goes
“sleepytime”, but the spread is the very best going anywhere, and usually stays
there within a tenth of a PIP or so … that’s a big advantage … and again, there’s
warts on everything! … there aren’t any pairs that you can point to and say, “Oh,
there’s a perfect pair to trade cuz of “X, Y, & Z” … I’m going there”! … that pair
doesn’t exist, so it becomes a matter of triage, meaning, “how do I NOT GET
SCREWED by these LP Jackals while making money”? … well, the answer starts
with the LOWEST spread and goes from there with some tradeoffs … sure, there
are a lot of other markets I’d rather trade, like oil for example or the “Spoos”, but
it’s next to impossible to get over the LP “Vig” [spread + slippage] … you’d do
better at Vito Corleone Brokerage!
If things slow down in USDJPY, Plan A-1 becomes EURUSD … these ARE THE
ONLY 2 MARKETS WE’R NOT GONNA GET SCREWED IN BY TURNKEY’S LP’S
… everything else is not “IF”, but “WHEN”? … in either pair, I’ll be upping my
volumes, so we should be OK making decent money going forward
… day in / day out it could be either pair … and that’s it! … no more playing
“Whack-A-Mole”, chasing a market and hoping beyond hope Turnkey’s LP’s are
gonna play fair & honest … THEY AREN’T! … these 2 pairs are “IT”, cuz they are
the only 2 Turnkey can’t screw over and remain in business, simple as that … so
that’s where we go, and more importantly that’s where we stay!
And while the “London Fix” might interfere somewhat with EURUSD, I don’t think
it will affect USDJPY much, and if anything the Yen can trade right up to the NYSE
close … my trading style in each will be a combo of algorithm scalp / day trades,
as both pairs tend to be a tad slower in their respective moves than others
… USDJPY has a “cleaner chart” than EURUSD, and moves can be “slow walks”
up / down the hill, while EURUSD tends to be slightly more volatile in its m1
ranges … in any event, it’s where home is now. It’s important to note, that with
these 2 pairs, it’s almost imperative that if you trade them you have to start early,
close to the European open, to give yourself the max opportunity to make money
via the trading algorithm … if you wait to the U.S. open of the NYSE, you’re giving
up too much IMHO … yes, there will be days that frustrate, but nothing is as
frustrating as watching scumbag LP’s go “scumbaggery & fuckery” with spreads
that throw you out of the ballgame … unless things really get out of hand and
SHTF “bigly & yuge”, there won’t be any problems with EURUSD & USDJPY
… too many times I’ve set my sights on markets like the “Spoos”, gold, crude
oil, the non dollar crosses, AND EVERY SINGLE TIME I GET INVOLVED, along
comes Turnkey’s scumbag LP’s to throw sand into the engine gears, mostly
sooner rather than later, and there ain’t no way I’m giving away money to these
assholes to simply trade … screw that, this is 2022 not 2001 … and if they
don’t bend you over the fence railing via a blown out spread, they then turn to
slippage to make things even worse … I’m so tired of their LP bullshit, if I have
to hear it one more time I’m gonna puke! … at most, slippage in EURUSD &
USDJPY should be no more than 0.1 - 0.2 PIPS, which is nothing … most of the
time it’s non-existent … so, I’m not expecting any problems and can spend
my time executing the trading algorithm, instead of being on chat or the phone
turning myself purple!
No trades today in anything … I’ll turn my attention for the PAMM to EURUSD &
USDJPY starting tonight, and we should be good to go going forward banking
some coin … over in crypto, the landscape has gone from good to depressing
in most crypto pairs … most of the alt-coins are in deep bear market territory,
and a hawkish FED raising rates is not a good environment for sustained gains
… ADA remains my favorite right now, but it’s looking very tenuous attempting
to hang onto the $1 level … it’s time to be very cautious and not do “stupid shit”
and give back the gains made over the year … if we have to wait some, then we
have to wait some, otherwise nobody is gonna like what comes next, and I have
no intention of giving back a single penny of our gains!
The start of the 2022 trading year has been a very strange one … I get the sense
that so called “LP’s” are making a gigantic effort to screw more people more of
the time … I can’t recall more “scumbaggery & fuckery” in terms of spreads AND
slippage than what I’ve seen in the last month … it’s truly disgusting the lengths
these Assclowns go to to steal $1 … I guess since “Taliban Joe” has been in
office, the “vig” to POLS has gone up, and they’re fighting to get it … sorry guys,
I ain’t payin’ it! … and there’s only 2 markets where that’s possible, namely
EURUSD & USDJPY … and now you know why we’re there now!
… outta here … “The future’s so bright I need sunglasses”!! 😎😎
… Onward & Upward!!
-vegas
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