Why not? … the BOE punts and welcomes back QE INFINITY … Specs in Cable
get obliterated when the BOE comes in and buys Gilts, and then tanks one
minute later … FX a complete nuthouse, with Cable leading the way.
Crude oil slow to start the day, but has shot higher on a draw in oil inventories
and rallies in FX and “Stock Bellies” … good range today in crude, but signals
overshadowed by straight line shots higher in WTI.
So far today, the spread & latency in crude at Turnkey is acceptable, so no issues
there … the big news is the BOE abandoning QT and going back to money
printing … the “Pivot” is here!, and hence the rallies in risk assets, oil included.
Not very many buy signals in crude today, especially after the oil inventories
report at 10:30 AM EST … straight up the wall on multiple occasions hampered
any corrective activity, and once we blew past the 20 Day Range MA by about 20%,
algorithm rules prevent long positions until we get a decent sized correction that
takes us down about 25% - 30% of the range … and that never came close.
One algorithm buy signal in crude today … TURNKEY PAMM UP SLIGHTLY … we
start with small volume and work up, cuz it allows me to gauge how the scumbag
LP’s are filling orders … entry kinda sucked, but liquidation was OK, so it evens
out some … latency could have been better, but not a major issue … volumes will
increase, and I like the way crude oil trades … as long as Turnkey has an
acceptable spread, and doesn’t get blown up, we will do well here in this market
… crude doesn’t usually go straight up or straight down, but rather has plenty of
corrective activity … not today, though, as risk asset markets rallied smartly
… going forward, this will be the PAMM’s primary market … some of our buy
signals got blown through rather violently, so I couldn’t take those without
suffering major slippage … but overall. it has everything we want and need, but
not the things that are negatively affecting FX pairs … VIX is among the best out
there, with only Natty Gas being more consistently volatile … unfortunately, we
do run into days where news has an undue influence on price to make it go
straight up or down … today’s BOE “Pivot” back to QE, and then the oil
inventories report [10:30 AM EST every Wednesday morning] provided the
impetus for buying … onto tomorrow.
OUTTA HERE … “The future’s so bright I need 2 pairs of sunglasses 😎😎, and
my own Brinks armored truck” 💓!! … Onward & Upward!!
-vegas
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