“When your trading day is worse than his day selling shoes!”
Think it can’t get worse? … well, there’s this week isn’t there? … and even
with very soft call spread premiums last night, they still can’t produce any
profit, simply cuz there is no market movement … hell, after 20+ hours of
trading GBPJPY has a 46 PIP range … if you paid 49 at last night’s open,
there isn’t any way your up money at any point in the day from where you
bought it … it’s just “Evaporation City”.
WTI crude oil not much better, where it’s range is well less than $1 for the
day … we’ve been here before this week and last, and don’t expect tomorrow
to be any better. For FX, Friday is open, but nothing else is for “Good Friday”
… ditto for Monday … so nothing really gets back to normal until Tuesday.
Premiums are gonna have to be “giveaway” tonight to get me in, cuz I don’t
think tomorrow will yield anything at all in terms of range … in fact, probably
worse than today.
scraping the bottom of the river, and I can’t honestly ever remember trading
conditions being this bad in the course of my career … sure, there’s been
some slow times, but this is ridiculous. We’ll see what happens.
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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