Yes, I’m clairvoyant and can see into the future! … OR, I just know &
understand scumbags in the financial trading industry like the back of my hand?
… the first option sure sounds better, but the truth is, they are sooooooo
predictable I can’t take credit for knowing who and what they are … I said
yesterday, the Turnkey MT4 platform crash will end when “Stock Bellies” stop
climbing or start going sideways … and sure enough, after 3 hours and 11
minutes of no access, AND 9 minutes after the NYSE had stopped trading,
BINGO!, here comes the platform back live, like nothing had ever happened
… “Gee, do you think maybe the close of trading sees a halt to the climb?”
… and Turnkey’s totally predictable response?
… “we regret the inconvenience”.
So, in my conversations with them afterwards, I asked which preferred LP went
“belly up” yesterday and shut the machines off? … “it was a technical glitch”
… sure, sure it was … amazing how the system goes down, and you’re the only
brokerage house it affects that uses MT4, right IMMEDIATELY before “lift off” in
the “Stock Bellies” led by the NDX100, and amazingly still, it comes back on right
after the close … and you want me to buy in to the idea it was a “glitch”?
… “Yes”! … “sorry, I can’t go there cuz there are too many “coincidences” to
make that believable … so, who was it that went bust”?
At the end of the day, you feel like you just got an apology from Uncle Adolph,
that doesn’t entirely satisfy your gut instinct that nefarious forces were at work
to rob you and enrich the Elites, and maybe … just maybe … he’s a “little
disingenuous” in his apology … in other words, “eat the shit sandwich and
pretend it was chicken salad, OK? … now STFU and trade and stop asking
inconvenient questions”! … right after 1) government at any level, and 2) the
airline industry, next you have brokerage houses attempting to win worst
messaging and customer service in the universe … quite frankly, what happened
yesterday SHOULD NEVER HAPPEN unless there’s some “bigly & yuge” natural
disaster of some sort … to be down for over 3 hours on any day is not
acceptable, but yesterday wasn’t just some ordinary day, it was a “big mover”
day … and the fact this happens on this type of day I can’t accept as some kind
of “accident” … “I’m not eating this shit sandwich!” … but, there’s nothing you
can do about it, cuz 2 minutes after the machines came back on, they’re already
acting like it never happened! … this isn’t isolated to Turnkey, they’re ALL like
this, and it SUCKS! … what the hell does no commissions for 3 months mean
after shit like this, where you cost us some decent bucks? … or when your
scumbag LP’s rip fills off the market? … “did all of you used to work for
government or United Airlines before Turnkey? … asking for a friend”!
I knew from the “get go” yesterday, once the NDX100 support gave way about
an hour before the NYSE open, that it was gonna be a “Plunge Protection Team”
[PPT] kind of day, and all anybody had to do was be patient and wait for the
algorithm signals, and not be early to the trade … that means some panic selling
in waves that is followed by weak attempts at rallies, but ultimately when the
selling wears out, certain technical formations would appear, and when the
moment was right, the PPT would show up and literally crucify shorts with at
least one blistering rally … most often that means EITHER right after the London
Fix, or very soon thereafter into the New York afternoon … the scumbag banks
having bought the panic from the public, would now be in a position to book
some serious profit on any rally … and sure enough, a little before 1 PM EST,
here they come! … and when I heard the platform go off at 12:58 PM EST, I
immediately told the Mrs. to get on her other platform and get ready to buy the
DOW30, cuz I kinda knew this shutdown was gonna be for more than just a
minute or some seconds … had no idea they would pull the bullshit they pulled,
but just for the record it has historical precedent, all the way back to 2018 when
they first started this kind of “scumbaggery” in gold when it was around 1200,
on a big turnaround day that saw about a $35 range to the upside
… “we regret the inconvenience” … what a pile of bullshit.
Today sees the Asian session very quiet, most likely due to the fact most of the
entire month of January is devoted to partying the new year … the start of the
European session sees some short covering at the open in “Stock Bellies”, but
that lasted briefly and now prices are drifting lower … in the U.S., scumbag
banks are climbing all over themselves adjusting rate hike probabilities higher,
with some like JPM looking for 4 rate hikes in 2022 … if that’s even remotely
true and happens, that will mean inflation stays high, “Stonks” suffer, gold gets
“monkey hammered”, and oil does whatever it wants but will have a hard time
climbing the inflationary mountain theme inherent in commodities markets
… Spicoli at 10 AM EST in front of the “clown college” [a/k/a Congress] for
testimony … oh, won’t this be interesting?
I knew this last weekend when I was doing some statistical analysis, and it
became clear the DOW30 was better than the other “Stock Bellies”, that it
almost never comes down to the market that’s the problem, the problem is
Turnkey, and specifically their absolute SHIT liquidity providers, who truth be
known mean as much to any market in providing liquidity as Vito Corleone
was in providing small business loans to the local community … in other
words, they’re thieves & crooks, only these jackals wear coats & ties and smile
at you when they’re mugging you, instead of Vito’s crew who only broke some
thumbs when needed … essentially they are the same type of people … and as
if yesterday’s excursion into incompetence wasn’t enough, by having the
platform down for over 3+ hours into the close, today comes and quite frankly
it takes first prize for “fuckery & scumbaggery”.
I get a buy signal in the DOW30, and since it’s NOT rocketing higher but simply
dinking around, I go ahead and get long … BOOM!, congrats here’s your 25 point
slippage & rape! … market moves up and comes back to where I wanted to
originally get long and I figure I can get long again but I don’t want to be in this
thing if it starts to drift lower … so, I hit the sell liquidation … BOOM!,
CONGRATS here’s your almost 30 index point slippage, selling the absolute low
tick on some bullshit waterfall NOT SEEN ON OTHER PLATFORMS OR IN
OTHER “Stock Bellies” markets … and literally one second after I get this
horseshit, the DOW30 is almost 40 higher … OK, you tell me, WTF happened
here? … well, it’s pretty obvious … and so commences a literal “scream-a-thon”
between me and Turnkey, where I tell ‘em, “I have fucking had it with your SHIT
TRADITIONAL MARKETS"!!!… this takes the proverbial cake for “scumbaggery”
… you can take these markets and shove ‘em where the sun never shines!
… now, before everybody has a heart attack, I do have a plan.
Things in this business change so fast it’s frightening … whether it’s markets,
brokerage houses, central banks, it doesn’t matter … conditions can NEVER BE
SAID TO BE FIXED! … before the new year, from every indication and metric you
can think of, “open order book” platforms were beating the living hell out of
platforms like the MT4 … wake up into the new year, and it’s a whole new
ballgame as pretty much ALL of the OOB houses have instituted very tight “forced
liquidations” on ALL positions, and it doesn’t matter the funds in your account,
cuz if the market goes against you they’re gonna liquidate your losing position
pronto! … and as I’ve said before, this is horseshit cuz all it does is feed the
“whales” and the big LP’s to run markets into these liquidations and take the
other side, or keep going until all of the liquidations stop … then they turn it on
a dime and screw everybody who had a position and now everybody panics
back in … rinse, repeat, WTF is this? … in some of the alt-coins, these forced
liquidations are about 2X - 3X further away than in markets like BTC & ETH, so
they can be handled differently … but ETH & BTC? … well, you can forget
trading BTC cuz all that’s gonna happen is you’re gonna get forced liquidated
way too often, and most likely that happens in ETH as well.
But here’s the deal … on the MT4 THERE ARE NO “FORCED LIQUIDATIONS”
… and while when the market is not doing much the total cost to trade ETH is
cheaper than over on the OOB platform, when it starts to make a move the
spread ALWAYS BLOWS OUT and the cost to trade it goes up … and while
nobody likes to pay higher costs, this cost pales in comparison to the TOTAL
FUCK JOB seen when trading “STOCK BELLIES”, OIL, & GOLD … TODAY A
PERFECT ILLUSTRATION OF WHAT I MEAN … we get totally hosed in the
DOW30, and get stuffed with about 50 index points of slippage … WTF!!!
… meanwhile, ETH moves, and if we had caught the UP move it had based on
the algo call over in that market, the spread would have started at $2, and
when ETH was about $70 higher, the spread had blown out to about $4 - $5
… take that total and compare it with what happened in the DOW30 and they
aren’t even close in dollar terms! … so, if they take a few bucks off the top
after a profitable trade [maybe, maybe not], while I’m not happy about it, IT’S
NOT TOTAL THIEVERY & SCUMBAGGERY COMPARED TO “Stock Bellies” or
any of the other markets … quite frankly, you simply can’t trust Turnkey to
have honest & fair LP’s in traditional markets … they keep telling me things
are different, but they’re flat out LYING … nothing is different!
So, what makes me so sure it won’t be the same in ETH? … EASY PEEZEE:
“they can’t get away with it, cuz crypto is a lot like FX … too easily known price,
and while they may steal some pennies, they get it back with the blown out
spread during the move UP / DOWN … you can’t say the same with indices or
oil cuz nobody really knows what makes up the CFD, and they ain’t talkin’!
… so, tomorrow I’ll move over to crypto [and yes I know, a few weeks ago I don’t
think I would have ever said this], looking at primarily ETH, and LTC … things
have changed so radically in crypto on the OOB platforms, they’ve become the
new MT4!, while the old MT4 picks up new steam cuz there’s no forced
liquidations at random prices set by the OOB platforms! … knock me over with a
feather for cryin’ out loud.
One trade today for the TURNKEY PAMM, DOWN APPROXIMATELY 0.1%
Thanks Turnkey scumbag LP’s … and while I’m not worried about getting screwed
by these assclowns again, simply cuz I’m not gonna ever trade this shit again
here … I told ‘em, go pound sand! … quite frankly, a lot of people will be happy
with ETH, cuz they’re sick & tired of being sick & tired of watching “The
Syndicate” get all the money, so it’ll work out just fine … and if that’s not enough
to frost my cupcake today, over in oil it explodes out of the box and here comes
Turnkey’s LP’s jacking the spread from 2 - 3 cents to 5 - 6 cents … this is wholly
unacceptable! … quite frankly, you’d have to be an idiot not to see, that no matter
the market, their primary purpose is to screw clients every chance they get via
their LP’s … and as I’ve said before, I’m pretty sure they get a cut of this shit, but
of course I can’t prove it … crypto is different and always has been … so, might
as well go with the market that ultimately costs us less via “Scumbaggery &
Fuckery”, cuz it will mean more money in our pockets.
For “The Syndicate” today, I traded ADAUSD [Cardano], and we’re UP
APPROXIMATELY 0.2% … forced liquidations here about 3X farther away on a
percentage basis than either BTC or ETH, so it’s not likely to happen … quite
frankly, I like trading ADA cuz it’s a good market, and it’s showing signs of rising
VIX as well, with today’s range being significantly higher than its 20 Day Range
MA for the second day in a row … I think I’ll probably be trading this for a while.
So while there is not such great news today cuz of scumbag market makers,
behold the joy of crypto come tomorrow for the PAMM … in traditional markets,
Turnkey has worn out their welcome as far as I’m concerned, so fuck ‘em, and in
the MT4 we don’t have to worry about “maker” versus “taker” or whether or not
an order gets filled in a fast moving market resulting in us getting penalized cuz
our limit didn’t get filled … none of that matters at Turnkey, or with the HFT LP
[most likely they are a market maker, not an LP in the true definition of the word]
… since I first noticed this change on the OOB platforms, I’ve kept a close eye in
things [specifically ETH & LTC] at Turnkey, trying to decipher whether or not
traders are getting screwed by the LP … only if you buy the fast rally or sell the
vicious break and the spread blows out and you do the order anyway, are you
at a disadvantage … otherwise, they only steal pennies! … and I don’t have a
problem with that cuz it’s like an ATM fee … what I got a problem with is outright
scumbaggery & thievery! … and I don’t see that in ETH or LTC, so let’s hope
things continue in that vain … I think they will, and we’ll be just fine in ETH!
… much better overall than the complete bullshit that’s leveled over in traditional
markets … “you may resume breathing now, everything is OK!” 🙏
… outta here … “The future’s so bright I need sunglasses”!! 😎
… Onward & Upward!
-vegas
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