WHEN THE WEATHER CHANGES

 

“Hope is NOT a trading strategy!”  

“Brexit” news all over the place today, coming in the U.S. session,  and that 

has given GBPJPY a profitable boost where there was none earlier today. 

Last night the call spread volatility trade about 7 PIPS overpriced at the 

open.

I did have one signal for service subscribers in WTI Crude Oil … held onto 

the long position for about 15 - 20 minutes, we got long off a call spread floor, 

so our risk was minimal, no more than about 12 PIPS … and on the tiny spike 

rally, liquidated the position for +5 cents after commissions. We got somewhat 

lucky on the trade, cuz seconds after I made the signals call, crude started a 

straight drop of about 8 cents … I simply waited for an uptick, and then got 

long … however, on liquidation when it stalled I was quick to push the sell 

button … I originally was looking more from the trade, but it worked out, and 

that’s all that matters. Directly below the trade tickets.

 

should be blue for buy

 

Crude continuing to edge lower in fits & spurts this afternoon, and while we 

head further into the New York afternoon, I’m not willing to chase it lower, or 

attempt to buy the low … it had its chance, and it feels like we are headed into 

a few days of consolidating price at somewhat lower levels … market is still 

bullish, so I’m not real keen of being on the wrong side of medium term trend 

… time has run out for today, so we just leave it alone.

Stock indices continuing to lose volatility across the board … look for that to 

continue for at least another 5 - 10 weeks into Spring, barring some earth 

shattering news that upsets the narrative from the manipulators. Except for 

GBPJPY and its two components, FX quiet as well … not a very good day for 

the “volatility call spread strategy” if you ask me. I just hope today’s news 

doesn’t explode the call spread premium this evening in GBPJPY.

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”?