GO FIGURE

 

“Yup, it all sounds good to me Chewy!”  

So let me get this straight … “when you’re open you don’t move for shit, but 

when you’re closed for Holiday celebrations, and there ain’t 5 people in the 

world who are watching and give a hoot, you move 60 PIPS? … do I have this 

right? … and then Europe opens, and now you fucking go into hibernation? 

… sure, let me write this down for future use”!

I am of course, referring to EURJPY at last night’s open, where the volatility 

call spread strategy opened at 33 PIPS … by any estimation a roaring buy 

signal … but with Asia closed for Lunar New Year celebrations, nothing on 

the docket for Wednesday, and tomorrow seeing the BOE interest rate 

decision coming on Thursday, it stands to reason why pay for 8 hours of 

nothing and pick it up at the start of Europe … only it moved … how dare 

they! … and while markets are “sleepy time”, this shit moves, only to see it die 

when they open in Europe … is the circus hiring? Meanwhile, every other 

market in the world completely dead.

Some days I outsmart myself, and last night was one of ‘em … welcome to my 

world. Quite frankly, I don’t have a clue as to what’s moving markets this 

week, with what very little trading action there actually is, only to say it’s 

dead and then it isn’t … like an “on/off” switch for a light. Nowhere is this 

more true than in crude oil, where the “Dr, Jekyll / Mr. Hyde” schtick since the 

rally off the bottom is getting old … all it does is sit or explode … there isn’t 

anything else, and it makes carving out positions almost impossible.

There simply isn’t anything here today … onto tomorrow … until then 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”?

WHEN IT CAN’T GET WORSE … THEN DOES!

 

“Oh Oracle of all knowledge … what the hell is this crap!?”  

How much is China now part of trading? … “you’re finding out this week, cuz 

with them closed for Lunar New Year, markets simply got no idea what to do 

… FX a joke, stock indices are dead, oil confused, and gold more joke than 

market”. And even with all of this, call spreads simply overpriced for the 

volatility we are seeing. Nothing to see here Sheeple, move along.

The only call spreads even worth exploring are the volatile FX pairs … they 

are at least in the “normal” range, with some days offering a bargain, but as 

we see today with EURJPY, it’s simply a function of watching an ice cube 

melting on the pavement of a road in mid July … it won’t move, and no matter 

how great the call spread price, without movement you’re toast. With China 

closed all week, though, you’re risking major theta decay in the mid to later 

hours of the U.S. session, if you take FX call spread positions. Today sees this 

played out in spades, as finally GBPJPY starts to move, and EURJPY sees a 

little life [not much, but a little], but if you overstay your welcome timewise, 

you will pay a heavy price when getting out.

I’m watching gold & oil today, and with oil it’s “Hoover Dam” near impossible 

to get a decent reward / risk profile on any trade involving the call spreads 

… the premiums are simply way, way overpriced … the binaries move so fast, 

when oil blimps the other way, I’m more convinced than ever it’s a market 

that gets “spoofed” by the market makers and any market orders get filled 

not where you were thinking. Gold for its part, simply won’t move … and if 

nothing is moving, you can’t make money … period.

Not expecting much tomorrow, but on Thursday the BOE has an interest rate 

meeting, so GBPJPY could be a potential volatility call spread opportunity on 

Wednesday night … in any event, we’ll see what turns up. Until tomorrow mi 

amigos … I’m outta here … 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”?

THIS DAY IS NOTHIN’ BUT UGLY

 

“What markets looked like today!”  

Call spreads, even though priced like a “blue light” special last night, turn in a 

muted performance today … it sure wouldn’t have been easy to make 

anything being long the volatility strategy … this is the wrong week.

I’m looking at oil this morning, and I’m having a very hard time getting a  

“grip” on this market at present … market moves so “Hoover Dam” fast, and 

the call spreads are usually not spaced right for limited risk moves, it makes it 

very difficult to make high probability trades … ditto in the binaries. Gold for 

its part today simply dead … not much of anything happening anywhere, and 

with 3 hours to go ‘till the day is over the SP500 with a whopping less than 17 

index point range … to say there’s nothing happening anywhere [outside of oil] 

is being kind.

If there was something to write about, I’d write about it … there isn’t anything 

to this day is the bottom line … we’ll see what tonight’s opening brings [I’m not 

optimistic] and then tomorrow … “yes, I know, it’s tough sitting through shit 

like this … welcome to the new central bank cartel trading paradigm”! … onto 

to tomorrow … until then 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: BLAST INTO THE FUTURE!

 

“Dreams trump excuses!”  

I had planned on getting the last two tutorials done by today, but we’re now 

involved in something much bigger … can’t talk about it yet, but the upshot 

is “bigly & yuge”, at least from our perspective. Those subscribed in the 

signals service, will continue to receive free time before their 3 month free 

trial even begins … “that’s right, free until it’s free for 3 months” … UNTIL 

we’re finished with our latest project.

Directly below, our 12 other markets we keep track of and chart.

 

click on any chart to enlarge

 

 

 

 

 

 

Directly below, the daily versus the volatile FX call spreads at the open.

 

It’s no secret what’s happening in the call spreads … VIX is being wrung out 

by 1) a collapse in the stock indices VIX, and 2) the subsequent drop in ranges 

of USDJPY … all three volatile FX pairs showing declines, with EURJPY now 

down to approximately 88 … it looks very much to me we’re in for a period of 

declining FX ranges, probably into Easter … I’m going to need to see some 

real bargains on the call spreads to get me in, otherwise they are gonna melt 

right in front of our faces!

Over in “Download Links”, I’ve added a new file folder that will track 

monthly the recommendations of the signals service … January was OK, but 

2 volatility trades, one in CAD the other in GBPJPY, blew up in our faces 

when VIX dropped quite hard the two days we were in them … we’re not 

down much, but it highlights the need to get exceptional prices for the 

volatility strategy before putting positions in place, cuz when nothing happens 

these are like melting snow cones.

All this coming week, most of Asia is closed for Lunar New Year celebrations, 

so don’t look for any volatility call spread trades in Asia … we’d be paying for 

8 hours of nothing … I’m going to try and focus this week on WTI Crude Oil 

& gold, either in the binaries or in the straight trading of one of the call 

spreads … we’ll see how that turns out. 

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”?

 

 

 

UGHH! … BUT AT LEAST WE TURNED A PROFIT

 

“Way to go Butch … I got stuck in EURJPY all frickin’ night!”  

Anybody want to enlighten me on what’s wrong with this picture? … “we’re in 

a EURJPY volatility call spread at 39 … 39! … with 1) PMI’s out of Europe, 

2) NFP report out in the U.S. later, and 3) we’re in a frickin’ cross, meaning all 

it has to do is literally fart, and the cross moves … and yet, we end up with profit 

crumbs, cuz the “Hoover Dam” thing won’t move”!

Maybe it moves later, I dunno, but what I do know is that with one side [our 

short side] NOT having an offer and effectively at the ceiling, our profit side is 

at severe risk with any move lower, no matter how slight … and in this bucket 

of slop, I ain’t fooling around with it on a Friday, that looks like it wants to lay 

down and die. Here later, it did rally some, but I don’t care … cuz the problem 

is there’s nothing on the other side if it decides to tapioca.

Last night near the open, signals service subscribers got long EURJPY call 

spreads. Directly below the opening trade, where we are long the volatility 

spread @39.

 

click to enlarge

This was like pouring molasses in sub zero weather … slow … very slow. In 

the end, though, we ended up making a few PIPS, and the liquidation ticket 

below shows no offer on the buy side. So, I simply assume for now, we’re out 

at 60 at expiration later this afternoon.

 

We also had a situation last night where GBPJPY was at its lowest opening in 

a good long while, opening at 57 … “well, as I said yesterday, GBPJPY is rolling 

over in its 20 Day Range MA, and can be counted on to put in some lower than 

expected ranges … on the other hand, EURJPY is already there scraping the 

bottom of the barrel! … and yes, PIPS matter when positioning these Nadex call 

spreads … overpay and you will regret it”.

The new addition call spreads in gold, as I write and now post NFP, as well as 

the ones from the open last night don’t offer any value … simply put, they are 

vastly overvalued for current volatility, and almost a sure bet to evaporate in 

front of your eyes as the minutes tick by and gold does Mr. Jack Squat … I’m 

still looking at the binaries if gold can drop into sell stops, which would give us 

a great entry point for profit … dunno if we’ll see it, but who knows on a 

Friday … it’s still a long day ahead of us.

Quite frankly, both of the FX crosses are exhibiting really pathetic trading 

action this week … they’ve gone from “bat shit crazy” to “sleepy time”, and are 

trading like gold, which is a pathetic trading market in its own right at 

present … especially EURJPY, which acts like its stuck in deep mud. Gold for 

its part mired in muck as well, so no further trades today.

Blog update this weekend on Sunday … I’m outta here … until Sunday 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”?