“So says FX to every trader today!”
What can I say … when it doesn’t wanna move, it doesn’t move … despite
reports out today, GBPJPY yawns on the news, and call spread premiums
proceed to collapse almost immediately … for EURJPY, it’s been a train
wreck from the open, with a daily range that is almost incomprehensible, it’s
so small. Quite frankly, it’s hard to tell when either is going to spring into
action given the intent of the manipulators in holding down volatility.
It still looks and feels like we got more to go lower in the 20 Day Range MA’s,
before we see any increase in volumes and ranges … like everything else, FX
goes through these periods of “feast & famine”, where for weeks & months on
end you wonder where it’s been all your life, and then suddenly somebody
turns the lights off, and it’s time to go home. And make no mistake, the lights
are currently in “off” mode in FX.
We’ll see what tomorrow brings … as long as the numbers look right, I’ll take
another look at crude oil & gold, but I’m not about to do “stupid shit”, just to
do “stupid shit”, and end up looking like a “stupid shit”. And on that cheery
note, I’m outta here … until tomorrow mi amigos … Onward & upward!!
Have a great day everybody!
-vegas
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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