S&P 500 Market Read on Forex Trading Open
Nearing lunchtime and forex trading risk chart looking worse than am. This can’t be a good day although USD weakness vs. EUR and Yen probably helping the S&P 500 tread water. Nasdaq already tanking.
US Treasury Bond Placement Causes Binary Options Signal Heartburn
Let today be a word of warning to you – this has caused me heartburn twice now but during US Treasury Bond auctions the forex market just plain goes haywire when funds are drawn from purchasing banks, primary dealers etc. Last time I saw this I got spooked but held my cajones, today I saw it coming and let it ride. It was actually rather nice to see the uproar in the forex trading right about when it should have been messed up. Now we just have to dodge Jesus at 3:30pm.
Note to self: Devise binary options trading strategy that doesn’t rely on end of day closing prices – idea being to avoid the nuisance and unpredictability of Jesus tMG – particularly when we’re vulnerable post-binary options trading lockout (not fun).
S&P 500 Down at the Close (Yawn)
The message from the trading markets is simple: go with the (forex) money flow. We’ve seen it over and over again this year. Forex risky crosses up, market up. Forex risk negative, market negative. Not a whole lot of mystery here – it comes down to a question of having the sack to get some skin in the game and take what’s ours. That wraps it up for yet another (yawn) day in the market. Hope everyone took note about the treasury auctions – they do make a difference and really screw up the indicators for a few brief minutes. There has to be a way to capitalize on that too. Will muddle on that for a while see what I can scheme up.
