Mole’s FX Adventures
9:49am EDT: So, I have been having some fun trading the EUR/USD in the past few days – and so far I’ve been doing well.
Only problem is that I keep missing the peaks/lows as they usually happen when I’m having my (much needed) beauty sleep. I guess it depends on the currency pair but as I’m over here in Bubble Land it seems I’m pretty much SOL on most of them.
10:17am EDT: The NQ just fell off the plate is now at its PP – very strange action quite frankly – ES lagging behind and both are below VWAP. Unfortunately it seems this market is going to shit without me – no chance to load up after all.
10:30am EDT: Let it be written that I officially hate butterflies and I’m done with them. This is the third time I had to leg out of one – they are simply not working for me – not worth the aggrevation. Even if you are right you get screwed on your exit. For some reason Fujisan is able to make them work – but it doesn’t seem to be my cup of tea.
11:04am EDT: I don’t want to be a party pooper but I am suspicious about this drop:
Just saying… that a breach usually completes – meh, perhaps this time is an exception but that doesn’t mean I have to jump into shorts right now (plus my legs are too white).
11:38am EDT: Because this market is pissing me off – a little tribute to Angel Fernandez:
RIP – you are sorely missed. FYI – if anyone is trading this mess – Zero is flat right now and we seem to be melting lower on no participation. Just inverse yesterday’s tape and you should be fine. Anyway, I’m grabbing breakfast – hold the fort, rats.