“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.
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.
mi amigos … Onward & Upward!!
Have a great day 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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