Can it get worse? … YUP, IT CAN AND IT DID … FX, and USDJPY specifically a
pure slippage nightmare … version 3 algo makes the correct call, but it’s
meaningless when you got scumbag LP bank THIEVES, robbing, mugging, then
raping you … the last straw for me came when I got a 7+ PIP slippage fill in
USDJPY … that prompted a direct call to the guy who owns Turnkey … “take
your server and LP’s in FX and shove it, cuz I ain’t ever gonna trade this
worthless shit ever again here … absolutely horrifying slippage on every trade
… and you call this your best institutional server? … right, what a frickin’ joke
… be gone and away from me”!
Over a week ago, the Mrs. & “Miss Gimpy” stopped trading FX completely … once
the Mrs. got that first Turnkey EURUSD “slippage special”, she yanked all of her
funds out of Turnkey and placed ‘em back at “SIMPLE FX” … ditto “Miss Gimpy”
… then both of ‘em started trading the DOW30 with a 2 index point spread and no
commissions, and using the Netdania 15s chart [you could use either 10 or 15s
cuz it’s splitting hairs] for DOW30 WITH “ALLIGATOR” … AND THE ALGORITHM
has responded excellently to the DOW30 … so during my heated call, I asked
Turnkey management which markets are most popular via their clients … their
answer was DAX 30/40 and the DOW30 … “I asked, how can that be with so
much slippage? … on the institutional server slippage isn’t an issue much, have
I actually traded the DOW30 since I came onto the server? … no, but I’ll try it
starting now, cuz I’m finished with your thieving FX LP’s … and that ended the
“friendly” conversation.
Multiple trades today in USDJPY, and multiple trades in the DOW30 CFD
… TURNKEY PAMM DOWN SLIGHTLY … all the losses came from USDJPY, and
all the gains from the DOW30 … and to say I’m surprised is an understatement,
but you can’t make money when you get horrific slippage on fills, it just is
impossible, cuz the thieving LP’s just aren’t going to let you make coin and pick
them off … and so they level the playing field from their perspective with
slippage, and it’s as bad as I have ever seen it, in FX right now … just horrible
… so, “F Off” thieving FX LP’s.
I’ll have more on the DOW30 tomorrow, and why “IF” you can get fair fills, it
theoretically should be one of the best money making instruments out there for
scalpers … the issue at Turnkey HAS ALWAYS BEEN SLIPPAGE, in terms of this
CFD … get rid of that, and it’s a different ballgame entirely … so far, from what I’ve
seen today, I’m perfectly happy with latency & fills off the institutional server … in
fact, I’m somewhat shocked as I pressed that first buy signal, wondering how bad
is this gonna be? … it wasn’t … who knew?, cuz I sure didn’t … going forward, as
long as we get fair fills, I’ll trade the DOW30 for the PAMM cuz it’s a “no brainer”
winner winner chicken dinner in the “88/6/6” paradigm … today, latency & fills
worked out very well for us … let’s see if that holds tomorrow … Turnkey says it
will cuz it’s one of their most heavily traded CFD’s and they monitor it closely
… seems they like that CFD income cuz it’s a Helluva lot better than anything from
FX for them … but Turnkey says a lot of things, so you got that to consider … on
the other hand, they had no idea I was coming in to trade it, so if we were gonna
get hosed, it would have happened right out of the gate … we don’t need
“bigly & yuge” ranges in the DOW30 … today’s range of about 400 index points is
ideal in that range of about 300 - 600 index point ranges where spread will
remain tight and price action movement not too severe and disruptive, thus
causing massive price gaps and slippage on fills … more tomorrow.
The algo is “gold bars”, finding a market they aren’t going to screw you in is the
tough part … you would think FX would be a natural … more like trips to Hell on
every fill … so, you ditch ‘em and find what does work … I’m not at all happy with
the FX slippage we took today … on the other hand, I’m ecstatic to learn that they
seem to have a decent handle on the DOW30 … down slightly isn’t gonna get me
to wet my “big girl panties”, so I’m relieved to some extent cuz the stock indices
are a “natch” for making money … ALL YOU NEED IS FAIR FILLS … let’s see what
tomorrow brings.
… outta here … “The future’s so bright I need 2 pairs of sunglasses 😎😎, and
my own Brinks armored truck” 💓!! … Onward & Upward!!
-vegas
No comments:
Post a Comment