WHAT NEXT? … LOCUSTS?

 

“And he hasn’t even started trading yet!”

“Well, that escalated quickly to the downside last night, didn’t it”? … and by the 

time NADEX opened one hour later last night, the call spreads in

anything/everything Cable were skewed so badly, there was nothing you could 

do but lose money or sit … I choose wisely to sit … floors & ceilings way out of 

whack, thanks to the “monkey hammering” in Cable, when it became known 

DUP from Ireland isn’t behaving in the “Brexit” comedy … this morning, the 

new call spreads, out at around 8 AM EST, with premiums so large you could 

choke a horse, didn’t make anything better … “yup, back to the same old shit, 

different day syndrome we’ve become accustomed to in FX”.

Crude oil, for its part, only moved when President Trump weighed in on too 

high oil prices, and even then did very little. The oil complex has got issues 

now, not the least of which is no “MoMo” in either direction, making for 

choppy, worthless trading at best … at worst, it’s the “Flying Wedge of 

Death” [FWD] that ends up killing accounts cuz it won’t move after it sets 

off whatever buy/sell signals you’re using … “if I didn’t know better, I’d say 

the banks know where those levels are, and intentionally breach them to fuck 

retail specs … nahhh, couldn’t be”. [snark]

I’m very disappointed with NADEX, especially in GBPUSD … there is no 

reason whatsoever to have 3 or 4 PIP spreads, then add 2 PIPS for RT 

commission, making our net cost to trade 5 or 6 PIPS … you can  

“optionality” all you want, and make other excuses, but when you only have 

ONE MARKET MAKER [THEIR PARENT COMPANY IG GROUP, 

LONDON], it leads to less than competitive spreads, slippage, & and general 

“scumbaggery” on their part, and believe you me if there’s nobody there to 

compete with them, that’s what we get … well, news flash for NADEX: 

STUFF IT!, I ain’t tradin’ it under those conditions … this is 2019 not 1999, 

where internet electronic trading platforms had Cable bid/offer spreads 

generally at 5 PIPS … what a frickin’ joke.

We’ll see what tomorrow brings … I’m outta here … 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”?