And just like that, markets go “soggy wet toast” and we sit … another round of
Russia / Ukraine “peace talks” on tap, with the usual gaggle of hangers on with
cell phones nearby to report on every rumor for the banks, large hedge funds,
and of course those sitting at the negotiation table.
What that means obviously, is that gold, oil, and the “Stock Bellies” will hang
on every rumor and morsel, real or made up, and react accordingly like retarded
kittens on meth … meaning, it most likely will be a day of wicked M1 spikes from
Hell in those markets … what a clusterfark … welcome to markets held hostage
by Russians!
Meanwhile, FX appears to have taken sleeping pills … 7+ hours and GBPJPY
can’t even go 40 PIPS, which for a cross is pathetic … seriously FUBAR by all
measures … sure, I’ll trade it … IF IT FUCKING MOVES! … it moved, and if I had
a nickel every time Turnkey has lied to me or made assertions that were false,
I’d be super rich … and quite frankly, I’m finished talking to them about anything
… this comes today as we had multiple trades in GBPJPY … every entry and
liquidation a complete fucking nightmare of slippage … and when I say nightmare,
I mean Freddy Krueger level shit … simply embarrassing … if I had gotten the
fills I wanted, one would have been a scratch trade, and the other would have lost
a few pennies … but no, can’t have that and instead it’s robbery & rape time
… we’ve seen the kind of slippage these assholes hand out in “Stock Belies”
… well now it’s time to add FX currency pairs to the list, as the bid/offer spreads
are pure delusional phantoms … I’ll trade gold and lay with that market come Hell
or high water … and the only reason I screamed at them was to let them know
that I know what’s going on and find it unacceptable.
And I simply won’t trade shit that mistreats us … the algorithm did it’s job, the
brokerage house and their scumbag LP’s have not … not talkin’ about a lot of
money here, and in fact it’s the opposite, mere “Chump change”, and it’s why I
ALWAYS TEST THE WATERS FIRST before increasing volumes, to see how the
small fry shit gets treated.
And when the small fry volumes get royally shit on, it’s time to tell the brokerage
house to go pound sand, cuz it’s nothing but a scam .., at least with gold, it’s
volatile enough for me to overcome shit like this if it happens, but you can’t say
the same with other markets, especially FX pairs … and quite frankly, I don’t
mind hanging my hat on the gold market, cuz along with crypto, the future is
bright indeed, as they are generally believed to be pairs that go up when
governments misbehave [inflation, money printing, wars, economic chaos]
… and there’s no shortage of those these days!
TURNKEY PAMM DOWN A HAIR ABOVE 0.1% today … like I said, the algo did
what it was supposed to do, nobody else did … quite frankly, I fucked up … I
believed their bullshit … well, that ain’t gonna happen again … when you get
right down to it, in theory it’s nice to have a “Plan B”, but gold gives enough in
terms of movement, range, & VIX, when push comes to shove the brutal truth is
there’s no need for another plan … crypto would be nice, but outside the
scumbag bullion dealers in gold, you’re right back to the same scumbag LP’s
that are ripping traders off in “Stock Bellies”, crude oil [today sees an 8 - 10 cent
bid/offer spread in WTI crude at Turnkey … simply unfucking real the level of
thievery], and FX pairs … simply stay away from the stop hunts around the lows,
along with some other protective parameters in the algorithm, and gold’s killer
slippage can be handled pretty well … well enough where I can’t remember the
last time I got caught in one.
What pisses me off to no end, and literally frosts my cupcake and turns neck
veins purple, is their brazen lying and hypocrisy … everything on the board
comes from scumbag LP’s, which in the case of FX are virus scum banks, and
for the CFD’s from HFT’s … the problem is, the quoted spread you see isn’t the
spread you’re gonna get to either buy or sell … they are worlds apart, and the
dirty little secret is, they can fill anybody anywhere they want … they don’t have
to or are required to, fill orders where a market is truly at … if you go to sell, they
can fill you at ZERO if they want to, and there’s nothing you can do about it
… banks and/or HFT’s WILL NEVER CHANGE A COMPUTER FILL FOR ANY
REASON, no matter how far off the market it might be … NEVER.
On the other hand, spot gold has its own set of criminals, which is the LBMA
[London Bullion Market Association], and here the bullion dealer LP’s are not
so bad as long as you can stay away from the stop hunts that can hurt you … at
least you usually know the quotes are “legit” and not phantom, something that
can’t be said at Turnkey with anything else, especially in their CFD’s.
The bottom line, though, is why should we have to put up with this shit? … and
you want me to trade bigger volumes? … with slippage like this? … you’re
fucking dreaming Turnkey, and so are your thieving LP’s … don’t get me wrong,
I can handle losing trades, I’m a big boy playing with other big boys … what I
detest is GETTING RIPPED OFF … legit losing trades is part of the game
… getting bent over a fence out back and told “I’ll like it” is another story … onto
gold and we’ll be just fine!
Gold today, having an inside day inside of another inside day from 2 days ago
… looks and smells like consolidation at higher levels to me … support in the
1920’s has been solid, while trips to the upper 1930’s gets sold pretty quickly
… tomorrow is another NFP Idiocy Day, so things have the potential to get real
interesting … geopolitical events and those rising interest rate forecasts that
got trashed are clearly supporting gold … bank selling and hopes for peace,
along with central banks stalling for time hoping inflation goes down, are giving
resistance … for now, the support looks solid and higher prices are ahead of us
… get price above 1980, and things will heat up quickly to the upside.
Before I go today, I want to be clear … losing a couple of bucks isn’t what upsets
me … getting mugged, robbed, and then raped IS … it ain’t about nickels and
dimes so to speak, it’s how our accounts are treated like shit … Turnkey needs
to learn this, but they never do cuz they don’t give a shit … in any event, onto
gold! … buckle up, we’re movin’ to the gold train!
Meanwhile over in crypto, BTC with a disappointing day of price action … all day
almost straight down with very limited upward price action … no trades today
in BTC … onto tomorrow.
… outta here … “The future’s so bright I need sunglasses”!! 😎😎
… Onward & Upward!!
-vegas
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