HOW LOW CAN FX VIX GO?

 

“Somebody is about to discover FX!”

Bad! ... then there’s FX … sorry, I can’t do anything with 40 PIP range days or

European sessions where it’s closer to 30 PIPS, and it’s so slow that by

comparison watching paint dry looks like a NASCAR race … even the “London

Fix” is boring! … as a result, today’s EURUSD is an insult to pathetic … maybe

tomorrow is better, but it is what it is and there isn’t anything I can do about it

… VIX this low is simply untradeable, cuz it boils down to a flip of a coin to see

where the next 0.1 of a PIP goes … we really need to see European session or

daily ranges in excess of 55 PIPS, for the necessary volatility needed by the

trading algorithm for low VIX markets like EURUSD … that’s down from the

90 PIPS level seen before, a rather significant decline but still profitable if we get

it … the 20 Day Range MA for EURUSD is currently around 60 PIPS, so we should

get the necessary VIX most days … today not one of those days, and 40 PIPS

ain’t cuttin’ it! … if we get another completely unacceptable day tomorrow in

EURUSD, I will most likely move over to GBPUSD [Cable], simply cuz getting

55 PIPS in Cable is a foregone conclusion, and even if we have to pay a couple of

tenths of a PIP more to trade, I can’t see where that makes a difference in whether

we make money or not … lately Cable has only been about 0.2 - 0.3 PIPS higher

spread than EURUSD … I really didn’t think we’d be seeing 40 PIP ranges, but

here we are, so Cable will do the trick.

Crypto gets bloodied over the weekend, and what’s with the deal that Saturday’s

& Sunday’s are more volatile than Friday’s & Monday’s? … it’s been like this for

over 6 months! … quite frankly, crypto has been overdue for corrective activity in

most pairs, so IMHO it ain’t Elon Musk or Binance is under investigation … that’s

simply silly … when any market gets stretched, all it takes is anything to get the

avalanche started and the sell stops put in motion … and that’s what is

happening here … nothing new under the sun!

NO trades today in the TURNKEY PAMM, for obvious reasons.

Over in crypto land, multiple trades in TRXUSDT for “The Syndicate”, and we’re

UP APPROXIMATELY 0.19%

Mr. Slim Pickens in crypto today from the long side, but enough tradeable action

in TRX [TRON] to book some coin … an ugly day in ETH & BTC, though, as they

continue to get “monkey hammered” … I continue to favor TRX as a trading

vehicle, and since I B. I. Itched to PHEMEX about $10 orders screwing things up,

they’ve been nowhere to be seen on the platform holding up bids & offers … so,

that’s good news.

Outta here … “the future’s so bright I need sunglasses”! 😎

… Onward & Upward!! 

-vegas