“When you’re on the wrong side of the trade!”
As I said yesterday, it’s amazing to me oil stays above $55 given what we
now know about the state of affairs economically just about everywhere
… problem is,, NADEX call spreads have such a wide floor & ceiling, it
makes it impossible to trade with limited risk … and if you’re going to buy
or sell something out of the money, the market needs to move in your profit
direction 50 - 70 cents for you to profit … this is ridiculous, and that’s why
there were no oil trades for today.
Hopefully, FX looks like it might be breaking out of its volatility drought,
and next week is going to see some major, major moves in GBPUSD, which
will influence the crosses as well as EURJPY. Tuesday looks to be the day for
the ultimate “Brexit” showdown in Britain’s parliament, so we’ll see what
happens there. Call spread premiums look to increase for next week, so look
for some trades in FX.
Have a great weekend everybody!
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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