MY FRUSTRATION WITH NADEX MOUNTS

 

“Words can’t even!”

I don’t even know where you start with the assclowns at NADEX … the only 

market worth a “Hoover Dam” is WTI Crude Oil, but even here problems are 

becoming a real pain in the ass … consider, 1) the call spreads are $5 apart, 

and one is $10 apart … great for margins, huh?, 2) last night the con artists 

wanted 5 cents a barrel in the bid/offer spread … add in 1 cent for RT 

commissions, and you’re paying 12 cents for a position … “no, I’m not paying 

these scumbags 12 cents vig for a position”, 3) last night oil opens about 

40 cents away from the floor/ceiling, making the call spreads expensive as hell, 

and 4) this morning’s “new” call spreads aren’t any better.

So, because of this, there’s no way I’m getting into a position, and so when oil 

moves overnight, like it did last night, we’re sitting on the sidelines cuz these 

doofus noodles can’t get their act together and make an honest market in 

anything … hell, they’re worse than Turnkey … at least Turnkey doesn’t want 

12 cents to take a position [I shouldn’t give them ideas].

In other so called action, FX has become a no win coin flip, and the stock 
indices can’t price themselves fairly no matter what … some choice we have 
here isn’t it? We’ll see what it looks like tonight at the open for oil and see if 
the stupidity continues unabated … we may be in these conditions until Asia 
reopens on May 7 from “Golden Week”, but we’ll see.
 

Onto tomorrow mi amigos … I can’t take another minute of this crap without 

hitting something … 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”?

 

FX IS DEAD, & OIL CONFOUNDS EVERYONE

 

“Please read the manual carefully!”

For all practical purposes, FX is dead … yea, at some point maybe it gets its 

“MoJo” back, but for now the central banks are in firm control and that 

means almost zilch intraday volatility … you like “coin flips”? … you’ll love 

FX. Oil, on the other hand, sees the biggest massacre in months on the 

downside on Friday, so I guess it’s only natch that today sees the market go 

up and stay up … call spread premiums here not outrageous, but not that 

great either … the only thing oil has going for it, is the bid/offer spread is 

pretty stable at 2 cents.

I looked at stock indices this morning [SP500], and premiums here were just 
too high to justify a trade … simple as that. However, spreads here between 
bid/offer are pretty rotten … I don’t know what the hell NADEX thinks 
they’re doing, or how they think people will trade doing “stupid shit” and 
overpaying for trades, but this shit they pull on a daily basis has got to stop. 
Otherwise, the ONLY market that has any chance is oil.
 

Back 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”?

 

SUNDAY UPDATE: OIL FINALLY GETS ACTIVE

 

“Is this the long awaited start of an upswing in Crude OIL VIX!?”

Well, I dunno either, but at least with Friday’s carpet bombing of the oil 

complex from a Trump Tweet, things got a little interesting on Friday, 

didn’t they?

  

Directly below our charts for the upcoming week.

 

click on any chart to enlarge

 

 

I’ve decided to drop the chart of FX versus their respective call spread 

premiums from NADEX. It’s gonna be awhile before these pick up any, and 

this complex has simply turned into a “coin flip”, day after day, no matter 

the level of premium.

And, as a reminder, Japan is closed until May 7 for “Golden Week” festivities, 
so don’t look for anything until China opens.
 

Have a great rest of your weekend 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”?

 

 

LIGHTNING BOLTS & CRICKETS

 

“Markets have turned into hanging parties!”

Where do you begin talking about this day? … first I guess, is the fact major 

FX pairs are beyond hope anymore … seriously, forget volatility here as 

central bank HQ is dialed in, which leads to reversals and the infamous 

“Flying Wedge of Death” [FWD] … forget stock indices today, as premium 

erosion sets into the SP500 chop around 2930 … but then there’s oil, where a 

Trump Tweet unleashes a selling panic, thus giving oil a much needed boost 

in the daily range … something that’s been severely lacking these last months.

I looked at both oil and SP500 earlier, and nothing looked good simply cuz 

premiums were too high based on lethargic market action … well, one was 

right, the other went ballistic … “when somebody figures out when Trump is 

gonna Tweet on oil, let me know OK”? And of course, this fits well within what 

I’ve been saying for ages now, “that markets only move when POLS & 

Apparatchiks open their Pie Holes” … today sees that in oil in spades.

Next week sees Asia off the entire week, not returning until May 7 … 10 days 

of “Golden Week” Holiday … so, don’t look for anything to be priced fairly at 

NADEX on the open or until Europe opens about 10 - 11 hours later. Lately, 

their bid/offer spreads have been horrific … only oil priced around 2 cents 

per bbl. is OK, everything else a complete ripoff … you gonna step up and 

pay 10 PIPS to get into GBPJPY? I’m sure as hell not. And until we get close 

to the NYSE open [about 90 minutes], don’t expect the SP500 call spreads to 

be priced well either … last night they were hovering around a full index 

point, which is embarrassing.

It’s bad enough when you have to deal with manipulative market forces 

… it’s worse when you got to pay huge “vig” just to get a position on and 

make a trade. Geesh, I wish they’d get their shit together.

Back Sunday night with a blog update … until then mi amigos 
… Onward & Upward!!
 

Have a great weekend 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”?

 

I’M TIRED OF THE FX “COIN FLIP”

 

“You know who you are!”

I grow weary of the NADEX FX “coin flip”, where premiums are high most 

nights and in the morning, intraday volatility sucks and shows zero signs of 

getting significantly better anytime soon, and it’s either a complete loss of 

premium or a small gain … this ain’t a winning formula. If you want to 

continue to trade GBPUSD, GBPJPY, & EURJPY, that’s fine with me, but 

until volatility is substantially higher consistently, I don’t see the advantage 

to us in this area … “hell, I can flip a coin and make the decision process just 

as easy, so why bother with them”?

Instead, tonight I’ll be looking at WTI Crude Oil & the Stock Indices, and 

again at the European open … it’s the only place where bid/offer spreads are 

anywhere near reasonable, combined with the fact premium levels in these 

two markets have FINALLY come down significantly … ‘bout frickin’ time 

… nonetheless, the way they are priced now, even slow days can make us 

money. So, back to oil, and most likely the SP500.

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”?

 

IT’S A RIGGED JOKE

 

“When there’s no volatility and the trading platform is rigged!”

Another pitiful day, with ranges very low in oil, GBPUSD, & GBPJPY 

… given the premiums last night, it’s nothing but losses over 20 hours, no 

matter what the market does or doesn’t do … really just pathetic.

Just as pathetic is NADEX, with 4 PIP bid/offer spreads in GBPJPY, so even 
if you wanted in, you’re paying an arm & a leg just to get a position 
… seriously, when I see this, I just move on to something else, cuz there’s no 
way I’m paying 10 PIPS to trade volatility in GBPJPY … and anybody that 
does, especially in this low VIX environment is nuts. And it’s like every day & 
night is a replay of the same bullshit the day before … and in oil, it’s the same 
thing, with another week playing out to another drop in the 20 Day Range 
MA, unless things turn around quickly, and I don’t see that. 
 

This is depressing.

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”?

 

FOR A SECOND THERE

 

“There was a time this A.M., when everything looked dead & hopeless!”

On the one hand, it would have been nice to capture something today … on 

the other, it looked early like markets would never move again. Finally, the 

USD catches a strong bid and SHTF … I’ll take that as good news and move 

on from there.

Last night greatly pissed me off to no end, as the NADEX market maker in 
GBPJPY had 4 PIP bid/offer spreads on each side of the call spreads … throw 
in 1 PIP on each for RT commissions, and it’s a cost of doing business of 
10 PIPS to get into a position … seriously, what the hell is wrong with you 
guys, expecting anybody in their right mind to pay that? Does anybody pay a 
10 PIP spread to trade GBPJPY at any offshore brokerage house? … well, if 
they do, they’re stone cold nuts!

Not much better in Cable, which came in at 6, to get into a position … sure, 

hindsight is great after the day is over and you’ve seen the small moves 

… does anybody pay 6 PIPS to trade Cable?

Meanwhile, oil plugs along with another sub $1 range, as the 20 Day Range 

MA just goes lower and lower every week … they’ve brought down the 

premiums some, but not enough … we simply need to see a rise in the range 

MA to become interested again in oil, otherwise it’s a losing proposition.

Hopefully tonight is a different story with bid/offer spreads … 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”?