DislikedFti,
I remembered you said you are done for the week and you said it on Monday. You are right.
Market is waiting for something, I don't know what it is. Broker halt trading, look like the next big thing is gonna exploded soon... and I have no idea.
Just have one trade this week, sitting on my hand most of the time. Daily High to Low is like 50 pips. I follow the price action instead of predicting things but seriously, there's something going on behind the curtains, only thing I know of is option expiration, index, cash-settled currency...Ignored
if i have to speak in chinese , there is always google or babel fish.
ok
if markets closed with no upcoming events, then is just resting for the sabbath.
but if markets are closed with event, like whats happening this weekend.
every financial institution is exposed to risk, be they delta neutral or not.
because every financial institution will have term exposure. So no one can be really squared, unless they do no business at all. Which is an impossibility.
So if markets gap either way. The ir exposures will delta expose them.
Like i asked earlier, any one tried open a cooking pressure cooker?
is ugly. and the heat will be switched on max before opening it.
So best we can expect now since they made a russian roulette situation and no one will have prices, on open.
No market maker will be stupid enough make a price where they cannot see markets flow.
So monday will be vacuum.
The best we can expect will be if the CBs are in markets keeping order.
And thats gonna cost them.
If markets open wild and gapping, then volitility beget more volitility and in a vacuum?
any one have access to God?
So if one is risk adverse trader, just not get backside itchy on monday. The risk will likely be unmanagable, depending on how well the CBs do to keep orderly markets.
For gamblers, there is opportunity. So if you not gambler and take risk before event, then try be safe stay out of the kitchen , when the opening the pressure cooker. kapish?
regards