“Which useless trading path do I take today?!”
I have no idea why call spread premiums are so high at NADEX … in FX, the
drama is over for now in “Brexit”, and in oil nothing is happening … and yet,
there they are. “Well, they can be there all they want, but it doesn’t mean I have
to be an idiot and buy them … cuz from where I’m sittin’, it’s a losing proposition
right down the line”.
Last night was tempting in EURJPY, but given the “situational awareness” of
what’s to come tomorrow, what is/was on the docket for today [nada], and the
fact EURJPY has been comatose since the start of the year after the JPY
clusterfark, isn’t exactly “awe inspiring” to say the least … granted, premiums
are historically cheap, but ranges are way down in EURJPY, so show me
something! … and of course, theis market hasn’t … today in the New York
PM, with less than 2 ½ hours to expiration, EURJPY has a 52 PIP range, &
GBPJPY has a 53 PIP range … Cable / Yen priced last night at the open at
72 PIPS, makes this trade a disaster.
Well, speaking of disasters, hereeeeeeee’s oil! … 1 PM EST and oil has about
a 75 cent range … and unless something happens here real soon this week,
we’re looking again at a dramatic lowering of the 20 Day Range MA come
this weekend for next week … volatility in this complex has been taken out
back and shot … fugetaboutit!
Onto tomorrow and the FED … oh joy, oh fun … 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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