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Thursday, January 24, 2019

VOLATILITY? … AAAAND IT’S GONE!

“Yes, as in all markets died today!”  

Protest culture is a sham & a scam … just look at the Covington kids and 
think financial markets … is there any difference to what is manipulated and 
held out for truth? … “No not really”.

So for whatever reason, everything on the board decided in unison to die 
today … GBPJPY was not spared, and has resulted in the lowest range day 
in quite a while … December 18, 2018 to be exact … from a volatility 
standpoint, it was simply a slaughter … well planned, well timed, and 
delivered by the scumbag LP banks.

I did a volatility trade in GBPJPY … bought the call spreads at 66, which is 
a very good price given recent ranges and the 20 Day Range MA, but when 
your long volatility and there isn’t any … literally none … you lose, simple as 
that. I liquidated at 47, for a loss of 19 PIPS which isn’t the end of the world, 
and a lot less painful than either being long or short the actual market and 
getting whipsawed. The trade tickets directly below.




I’m a little surprised at today’s action, and later in the day I was following 
crude oil before the oil inventories report was released, and the problem for 
me was the fact that there weren’t any good call spreads to trade that had 
floor’s near market price … after the inventories report, the closest to a floor 
was about 80 cents, and then proceeded to rally over a dollar … so where’s the 
limited risk like we had yesterday?

Onto tomorrow which is Friday, and given today’s very sluggish market 
atmosphere, I’m thinking tomorrow could easily be worse … it’s going to take 
a very good spread quote to get me into GBPJPY overnight … I just don't see 
any volatility going into the weekend. And indeed, if that’s the case I’ll look at 
crude oil tomorrow for some algorithm trades.

We’ll see what tonight’s open brings … until then mi amigos 
… Onward & Upward!!

Have a great day everybody!

-vegas

OUR NADEX SIGNALS SERVICE IS UP & RUNNING … DAILY 
WTI CRUDE OIL SIGNALS & “VOLATILITY” STRATEGIES 
IN 20 OTHER MARKETS, INCLUDING COMMODITIES, FX, 
& STOCK INDICES! … “what on earth are you waiting for”?








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