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Wednesday, February 6, 2019

GO FIGURE

“Yup, it all sounds good to me Chewy!”  

So let me get this straight … “when you’re open you don’t move for shit, but 
when you’re closed for Holiday celebrations, and there ain’t 5 people in the 
world who are watching and give a hoot, you move 60 PIPS? … do I have this 
right? … and then Europe opens, and now you fucking go into hibernation? 
… sure, let me write this down for future use”!

I am of course, referring to EURJPY at last night’s open, where the volatility 
call spread strategy opened at 33 PIPS … by any estimation a roaring buy 
signal … but with Asia closed for Lunar New Year celebrations, nothing on 
the docket for Wednesday, and tomorrow seeing the BOE interest rate 
decision coming on Thursday, it stands to reason why pay for 8 hours of 
nothing and pick it up at the start of Europe … only it moved … how dare 
they! … and while markets are “sleepy time”, this shit moves, only to see it die 
when they open in Europe … is the circus hiring? Meanwhile, every other 
market in the world completely dead.

Some days I outsmart myself, and last night was one of ‘em … welcome to my 
world. Quite frankly, I don’t have a clue as to what’s moving markets this 
week, with what very little trading action there actually is, only to say it’s 
dead and then it isn’t … like an “on/off” switch for a light. Nowhere is this 
more true than in crude oil, where the “Dr, Jekyll / Mr. Hyde” schtick since the 
rally off the bottom is getting old … all it does is sit or explode … there isn’t 
anything else, and it makes carving out positions almost impossible.

There simply isn’t anything here today … onto tomorrow … 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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