Currencies were tamer then I thought. I'm long GBP/JPY and had bids and offers out trying to catch some wicks and didn't get crap.
I took my profits and closed out everything this morning. The last couple of meetings have been hard on my account, to put it mildly, so I decided to be chicken and play safe this time.
you should use this to your advantage should be selling the wings and look for a reversion trade. I disagree market makers are stop hunting they have to take whatever positions are thrown at them and hedge/offset. They are looking at their aggregate book. I think its the best time to trade personally.
Yeah if you have good core positions this is like free money. I overestimated vol though so my fishing line came up empty. Remember the pendulum I was talking about.
I think the high volatility is more forgiving, ie you can be wrong by a lot and the vol/movement saves you. You see that over time after getting your ass kicked a few hundred times. Moment of silence for all those short the NQ....
where do you think zb will head from here with the 10 billion taper how do you think this will affect zb? selling off here.