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Tuesday, March 19, 2019

A WASTED DAY ALL AROUND

“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

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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