IS THIS SUPPOSED TO BE COMEDY?

 

“I think you’ve been watching markets too much!” 

The call spreads are getting hit, although there was a tiny window earlier 

today in EURJPY, right near the European open where EURJPY was around 

35 - 36, and then later it was in the high 50’s … other than that, though, it’s 

tough sledding. GBPJPY is starting to roll over in terms of VIX, and we have 

to be very careful here on what we pay.

Oil has become “sloppy”, with the very quick rallies / breaks, not doing us any 

favors. Stock indices are slowly being manipulated higher … and VIX here is 

dying as well. Gold overnight is starting to trade, but in New York it’s insanely 

quiet … today a good example so far.

I’m watching gold intently now, cuz I see opportunity in this complex with 

both the binaries and the call spreads … the call spreads that come early in 

the morning, and not the ones at the open. I think we’ll be doing a lot of high 

probability trades here in the days and weeks to come. 

Quite frankly, I’ve been disappointed in the binaries for the DOW30 & WTI 

Crude Oil … I thought they would be better priced, and they move so  

“Hoover Dam” fast, that by the time I see a potential trade, I can’t even get 

over to the email to send it before it’s 10+ points away in the profit direction 

… watching gold the last couple of days, I don’t see that as a problem … so, 

look for some gold trades upcoming in the binaries.

Onto tomorrow, where I’m expecting gold to take some kind of hit in New 

York … it can’t simply just go up every day can it? … I’m outta here … until 

tomorrow mi amigos … Onward & Upward!!

Have a great day everybody!
 

-vegas

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