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”?

 

SUNDAY UPDATE: SOME CHART CHANGES

 

“Well, the guy does have a point!”

Some chart changes going forward … I’m dropping the charts on soybeans, 

copper, natural gas, USDJPY, USDCHF, USDCAD, RUT2000, & DAX30 

… the reason is simple; they just aren’t that volatile, and have provided no 

trade opportunities in months. So, directly below are WTI Crude OIL, 

GBPUSD, GBPJPY, & EURJPY. 

 

click on any chart to enlarge

 

 

 

This is Easter week, so trading conditions are apt to be very slow … some 

important Cable data during the week, so that economic news might move 

GBPUSD, and after last week who knows what China is gonna do on any 

given day … 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”?

 

 

WELCOME TO TUESDAY’S MUD

 

“Oh, it’s deep all right!”

Today’s ranges in FX could have been worse, had it not been for the well 

placed horseshit headline from the BBC about Merkel supporting some Irish 

backstop gizmo she’s never supported … it was quickly shot down by Berlin, 

but the 30 PIP damage to the upside in Cable cemented the top for the day, 

and it’s been all downhill ever since … but hey, on the bright side some 20 

something gets to go to a Benz dealership and pick out a shiny red one, 

courtesy of another mistress fund escapade.

Other than that, complete horseshit trading conditions across the board, 
except for a brief rally in gold, as the scumbag dealers there roll the rock 
back up the hill to shitcan it later at their convenience of course. WTI crude 
oil sees another pathetic day of trading under its 20 Day Range MA, while 
finding a way to move higher consistently on overnight vapor ramps … can 
somebody say Saudi manipulation?

The call spread premiums last night surprised, coming in “cheap”, but the 

kicker is that today offers little movement expected within NADEX call 

spread hours, before they expire … so, a little deceiving here, and sure enough 

all we’ve seen most of the day is short term stop hunts from the scumbag LP 

bank crowd in Cable as well as everything else … GBPJPY call spreads would 

have made money, GBPUSD call spreads either lost money or came close to 

scratching, and EURJPY a clear loser.

Here in mid afternoon New York, Cable trying to press lower, but facing very 
tough sledding into the 1.30300 area … as I said over on Traderzoogold, this is 
week 4, inside a weekly candle, with support at 1.2960 area and topside 
resistance at 1.33810 … until one side or the other is taken out, Cable looks to 
be a bucket of shit, from a trading perspective. I would expect an eventual 
breach to have some legs.

Well, won’t tomorrow be interesting … we await tonight’s open … 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”?

 

AN FX MESS

 

“Markets have a message for you!”

EURJPY looks and feels like it’s died … no movement, no ranges, no 

volatility, and still the call spread premiums are too high. GBPJPY & 

GBPUSD are like flipping a coin … some days OK, some days nice gains, 

and other days a complete and utter disaster … at the end of the day, what 

have you got? Crude oil today, another joke … an 80 cent range? … excuse 

me? … have you seen the call spread premiums in crude oil?

Which, in case you’re wondering, is why I believe NADEX has only one 
market maker [their parent, IG Group, London] … they can price anything 
they want, any way they want … competition? … what’s that?

Well, nothing to comment on really until we see some more trades … and for 

that we need to see reasonable premium pricing, something we sure as hell 

aren’t getting lately. Tomorrow is NFP … should be a nothing burger 

overnight, so we could possible see a trade early before the NFP … we’ll see 

… 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”?

 

 

“Today was one of those days you should have stayed in bed!”

There isn’t anything that can be said about the process of “Brexit”, and its 

effect on Cable and/or Cable crosses, that hasn’t been said by many, none of 

which is complimentary or good … today proves that point in spades, as the 

 “shitshow circus” continues with May’s Gubermint flipping & flopping to get 

a “deal” … any deal … through Parliament come hell or high water. 

Crude oil for its part, stumbling slowly higher in a crawl … big whoop, an 
87 cent range today … gold literally dead … and the SP500 can’t even get a 
10 index point range for cryin’ out loud … and oh yea, EURJPY rites will be 
held tomorrow night in the FX chapel.

Up ‘till the point when May “flipped”, it was looking like death for anybody in 

the call spreads that was long … thereby pointing out why I’m almost NEVER 

short gamma … it’s simply a shot to the head, with no chance to recover when 

it occurs.

We’ll see what tonight brings, but I’m not optimistic … this kind of psychotic 
market behavior reinforces scumbag LP dealer “scumbaggery”, and that 
generally means very high call spread premiums … we’ll see … 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”?

 

TOMORROW LOOKS INTERESTING

 

“When you call the market, and this is the response you get!”

GBPJPY finally getting some breathing room to make some coin from the 

vastly overpriced call premiums from the open last night, EURJPY not so 

much, and in GBPUSD you’d have been toast … all in all a mixed bag … oil? 

… don’t even go there, cuz the next OPEC meeting isn’t until May.

Tomorrow appears to be the day SHTF in Britain RE “Brexit” … well, we’ll 
see cuz they change their minds so often, and I’m interested in tonight’s 
premiums to see just how overpriced they can get. If they’re reasonable, we’ll 
make the trade, if bat shit crazy they can have ‘em … simple as that.
 

I’m tired of sitting around watching high premiums either drift to zero, or 

making just a little … if NADEX can’t price this stuff correctly, the only 

option we have is to sit … don;t like it, but whaddaya gonna do?

  

We’ll see what tomorrow brings … 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”?

 

WHOOPS! … TROUBLE IN CABLE LAND

 

“When volatility calls!”

When call spread premiums are high, you better get some movement, cuz if 

you don’t you’re left “high & dry” with no place to run … and nothing says 

that better than anything Cable, which today decided to take the day off, and 

leave long volatility traders in the lurch … tomorrow may be different, 

though, as the “Brexit” saga picks up steam in Britain tomorrow.

Oil for its part dead … can’t even muster a $1 range … price stuck between 

OPEC+ member production cuts and slowing world demand for oil [read 

worldwide depression] … as I’ve said recently, I’m gonna need to see the 20 

Day Range MA start to move higher in oil to get back taking positions … it’s 

still in the contraction process, and paying high oil call spread premiums 

when nothing is going on is not a winning trade strategy.

We’ll see what tonight brings at the open for Cable & Cable / Yen, in terms of 

premiums … it would be nice if NADEX got their act together and had better 

market makers besides the one they got, which is their parent IG Group, and 

actually reflect premium prices as it relates to volatility … “well, I can dream 

can’t I”?

We’ll see what tomorrow brings … 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”?