Oh boy, here we are on another fun filled “FED Day”, a/k/a “Protect Stocks Day”
… and while rumors fly around over BREXIT rebellion in the Tory ranks of BoJo’s
government, just remember it’s the POLS & Apparatchiks mistress funds who
profit from this crap.
After a morning surge just after the open in the European session, due solely to
said rumor, the rest of the day a bag of nothing really, with GBPJPY chopping
around back & forth like a yo-yo on meth … “well at least it traded, I’ll give the
market that, but not a whole lot here … and now the FED has weighed in, and FX
is dropping and the dollar is rallying some, putting very light pressure on
GBPJPY … now, all eyes turn to the BOE tomorrow morning to see what’s in
store there … “the circus must go on”!
One algorithm trade today in GBPJPY … TURNKEY PAMM / MAM UP SLIGHTLY.
There were multiple algorithm trade signals, but I ignored them due to the FED
announcement at 2 PM EST … simply to close for comfort to release time for me
to get involved … tomorrow’s BOE decision comes early, at 7 AM EST, so an
almost full day of trading with about 6 - 7 hours … no issues today with fills or
spreads, as there almost never is with the 5 pairs I outlined yesterday … simply
too much money at stake to FUBAR these markets, and the money would fly
away quickly out of their stinkin’ hands.
Overall, given the nature of today’s trading schedule, and the fact that the FED’s
announcement comes so late in the day, and the hours preceding it sees the
market slow down significantly, I’m happy with the algorithm’s performance
given market dynamics after the BREXIT rumor … not a lot here, basically about
40 PIPS over 9+ hours, inside a “Flying Wedge of Death” [FWD] … IVIX INDEX
levels very good to excellent in Cable/Yen today, showing it’s a much better
“trading market” than either Cable or Yen standing alone in the dollar pairs.
Outta here … until tomorrow … Onward & Upward!!
-vegas
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