“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!!
-vegas
WTI CRUDE OIL SIGNALS & “VOLATILITY” STRATEGIES
IN 20 OTHER MARKETS, INCLUDING COMMODITIES, FX,
& STOCK INDICES! … “what on earth are you waiting for”?
No comments:
Post a Comment