SPECIAL ANNOUNCEMENT

See my June 30, 2012 post for details at http://vegasxau.blogspot.com

-vegas

A FRIDAY RIPFEST

                                        Some Day’s It’s Hard

A total ripfest in the wee hours; Ok, we deal with it and move on. The algo had only sell signals, and I ignored them; not on a Friday based on news.

We didn’t make as much as I wanted to today because 1) I have no algo buy signals, and 2) the daily range is already very high when I start.

Ending NAV:  0.9075

Have a good weekend everyone.

-vegas

PRE-EVENT WEEK: DAY 3

                                      On Cue in 3… 2…. 1….

We live in rumor driven markets; basically the range today in EURJPY got put in with a few 15M candlesticks on the downside [Euro fail]. Then almost immediately, after the dip, comes the rip on a news article Germany may allow some kind of Eurobond [Euro save]. Well, Germany was quick to squelch that one.

Of course, when you are trading live, you don’t always get news events in real time. Many times it takes minutes if not hours to find out what the moves are about if they are sharp. We sold the ramp up after the big dip; spent some time in the trade, and when it got profitable I wasn’t going to let it come back and become unprofitable.

So, we made a few pips today – nothing major – and the market hangs in the same general area from the break. Ramp down; ramp up; then even out into chop. So what else is new?

Ending NAV:  0.9040

No twitter today as I was having a problem with “Tweet Deck”. It’s fixed now.

Have a good day everyone.

-vegas

PRE-EVENT WEEK: DAY 2

                            Does This Outfit Make Me Look Fat?

I went to the closet and pulled out the grape suit at about 6 AM. I’ve seen Christmas Eves more volatile than this.

Kinda tough watching this stuff as Hollande gets all the fun on his date with Merkel. EURJPY has about a 25 pip range over the last 14 hours. I was looking for slow, but not this slow.

Made a few pips today, but what else you gonna do with these very small ranges? So, an incremental gain today.

Ending NAV:  0.9029

Have a good day everyone.

-vegas

THE PRE-EVENT WEEK

                                              The Eurozone

Outside of the usual games being played by large hedge funds and the Central Planners, this is the type of week you can expect fake outs all over the place. What with the “big” EU summit this coming weekend, where nothing will happen except they agree to meet again in 2 weeks with a different caterer, position squaring is the order of the next few days.

We got our 10 pips early, and after that there were a couple of weak buy signals, but nothing to get me back in to the U.S. session clusterfark.

End NAV:  0.9014

Have a good day everyone.

-vegas

THE FREIGHT TRAIN RUNS

                                     The EURJPY Freight Train

Once again, starting from about the European open, the EURJPY freight train started rolling down the mountain and never stopped. Basically 9 days taken out in about 3 hours; EURUSD gets hit and the Yen rallies. No ebb and flow, just pretty much straight down.

We profited today, and almost got our 10 pips, missing it by just a couple ticks.

The trade is either the “Flying Wedge of Death”, or a straight run up or down; not much in between. With the latter, you don’t have the luxury of waiting for a rally/break; you got to go with it and beware the FWD.

Ending NAV: 0.8949

Have a good day everyone.

-vegas