A week has gone by and still no results in the “R” primary in one of the most
corrupt and crooked states out there … maybe Illinois, New Jersey, & New York
are as corrupt [all blue btw and are recognized as dysfunctional Libtard
shitboxes, where anybody who had an ounce of brains wouldn’t be there], but
IMHO there isn’t a place MORE corrupt … and you somehow think all of this
bullshit is legit? … scam votes all over the place … France had a national
election a couple of weeks ago and everything went off perfectly, with no
“scumbaggery & fuckery” that the U.S. is known for, from county dog catcher
to Preezy … what a fucking disgrace, but why should anybody be surprised?
I had planned on writing today about some other things, most notably the
trading algorithm, but that can wait … this is far, far more important and it
involves my favorite house I love to bash when appropriate, Turnkey Forex
… why make this a long story? … let me cut right to the chase … earlier today,
we got put on their institutional platform, where latency on fills [time to execute
for the initiation of an order] is 60 - 100+ TIMES FASTER THAN REGULAR MT4
TRADING PLATFORMS … OUR COMMISSIONS FOR THE PAMM ARE ZERO
… and what this means for pairs like EURUSD, GBPUSD, & USDJPY [and maybe
AUDUSD, NZDUSD, & USDCAD if I ever choose to go there], is the absolute
fastest times out there, with razor thin spreads dependent on market conditions,
AND the ability to do huge volumes if I so desire, all without the FULL RETAIL
MT4 “SCUMBAGGERY & FUCKERY” FOUND ON SMALL RETAIL SPEC
MT4 / MT5 PLATFORMS … no more hundreds upon hundreds of milliseconds
[ms] on the low side to sometimes FULL SECONDS when SHTF on the high
side, that’s guaranteed to give us shit fills off the market.
Earlier today I did a EURUSD trade in 10 ms!! … scalped it for profit in 46
seconds, suffered ZERO SLIPPAGE OFF THE OFFER [getting long], and suffered
ZERO SLIPPAGE LIQUIDATING … I mean seriously folks, I ALMOST SOILED
MYSELF I got so excited. For us in the PAMM, this is a “gamechanger”, and will
directly lead to much larger trade volumes, and ultimately to much, much better
returns … “F-ing GiddyUP!”
Under normal VIX conditions to maybe slightly elevated, USDJPY has a spread
of 0.0 - 0.3 PIPS, with most of the day oscillating between 0.1 & 0.2 … EURUSD a
tenth of a PIP higher … Cable about 0.4 - 0.8 … when VIX goes noticeably higher
add 0.1 - 0.2 tenths of a PIP, especially in Cable & JPY and maybe higher … for
trading news, simply stay away!
Basically, I pressed them for details on how any institution could trade with them
and not be pissed off about latency & slippage … that’s when I found out the
details … I mean WTF? … it’s like going from a black rotary phone to an Apple
iphone 13 Pro! … “umm, exactly when were you gonna get around to telling me
this shit when I blister your ears cuz latency & fills are so bad”? … Welp!, better
late than never AND HERE WE ARE! … now, I know all of this is applicable to the
entire spot FX space … I don’t know if it applies to the CFD’s, cuz spot FX is all
scumbag banks, and most CFD’s are HFT’s [High Frequency Traders, e.g.,
Citadel] … not that it matters much, cuz with conditions like this now for us, I
don’t give a shit what the “Spoos” or gold does, except to watch it for
“risk on / risk off” [RORO] clues that would affect either EUR, GBP, and/or JPY.
But one thing is for certain, and that’s if I can trade EURUSD, USDJPY, and/or
GBPUSD [Cable] with ZERO slippage at these kinds of latency times, the way it
moves historically and has been moving higher with a 20 Day Range MA lately,
then this is the kind of “dream scenario” from floor trading days where we have
a huge advantage over others … sure, these 3 are moving fast and nobody has a
problem with that [or shouldn’t], and if you get a false positive then you get one
… put on your “big girl panties”, live with it and move on to the next trade … what
sends blood pressure over 200 is when they bend you over a barbed wire fence,
take their sweet ass time in executing the order, and handing out slippage that
would make Vito Corleone blush with envy … there have simply been way too
many times in the past where latency has BEEN OVER A SECOND +!, and from
where I wanted to get filled I end up with some shitbanger special 1.5 - 2 PIPS off
the market … and that’s just getting in, what about getting out? … as I said, this
is “dream scenario” floor trading shit without having to commute to the floor in
Murder, Illinois and risk getting shot … from the sunny Caribbean, I finally
… F-ING FINALLY! … got better floor trading conditions than from yesteryear
… seriously, can’t ask or expect anything better than that.
From that first trade, after setup, I’ve spent most of the day getting all of my
laptops [including the dogs] that I use configured correctly … now we’re into the
New York afternoon … did the one algorithm trade in EURUSD, and the TURNKEY
PAMM IS UP SLIGHTLY … when I say this is a “gamechanger” for us, I seriously
mean it and I’m not blowing smoke up anybody’s ass … all I can say in closing
summation, is it’s about “F-ING TIME”, but I’m also appreciative we’re finally on
it … no sense dwelling on “water under the bridge” … onto tomorrow!
… outta here … “The future’s so bright I need sunglasses”!! 😎😎
… Onward & Upward!!
-vegas
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