“Oh look, GBPUSD is now open for trading!”
In the great histories of FUBAR’s or SNAFU’s, it would be difficult to place
anything remotely close to the way the Brits have completely fucked up
“Brexit” … whether by design or accident, this upcoming week sees the
world’s biggest “shitshow circus” come to a head … fasten your seatbelts and
put your radiation suit on, cuz it’s got the potential to be extremely volatile.
click on any chart to enlarge
Oil doesn’t register anything this week, having had 2 crazy days and 3 dead
days last week … premiums in here still way too high given the psychotic
nature of oil market action.
in GBPUSD & GBPJPY can be priced “reasonably”, or like what we’ve seen
lately which is priced “nuts” … there isn’t any other alternative, cuz if
you’re needing Cable or Cable / Yen to go 200 PIPS from the tips to make
you money, then you most definitely got a problem … might as well play
Keno in Vegas, they’ll bring you free drinks.
Given the news cycle this week, I’d be surprised if we can hit our threshold of
premium levels for a trade … however, given the nature of the impending
nuclear explosions in Cable AND … AND … a rising 20 Day Range MA in
USDJPY, that most often goes in the opposite direction of Cable, I’m willing
this week to stretch the premium threshold a little bit … we’ll see how it plays
out each day, but I’m not gonna go “out on a limb” here, and I’m not going to
miss a potential explosive trade cuz of a couple of PIPS either.
So, onto crazy week in FX … until tomorrow 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”?
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