Tagged: forex trading

Brexit Actually Happens! – Speculators Washed Away

“Brexit” –  I can’t stand these catch phrase / trending terms –  “Brexit”.

Although rather fitting in this case right…..who would’a thunk?

The hoity toits of Great Britain have actually pulled the plug on remaining a part of The E.U. Currency markets ( not to mention equity markets! ) are flipping out. Truly “exciting times” we live in today.

Now…..the question begs –  WTF? ( what the f*$k? )

Is this an economic issue? Political? Or……..perhaps even more telling – an IMMIGRATION ISSUE?

You don’t see it as close to home – like the Brits do. Things are clearly getting out of hand with respect to the huge numbers of people now “displaced” due to the insanity raging in the Middle East. the British people have stood up and said “hey!” We can’t just stand by and watch our great nation “dilute”.

Touchy stuff for sure – as I am a globalist.

The “movement of human beings on this earth” has accelerated considerably over the past few years, and has now gone “parabolic”. There is true and legitimate “fear” out there, as people ( mostly narrow-minded and slow ) hold tight to what they know…..what they understand –  what they feel is “safe”.

I don’t see this as an economic issue ( although that will come next ) but more so as another indication of the larger issue at hand….and the larger issue on most people’s minds. People are moving! The world is shrinking! People are starting to freak out.

Keep in mind Britain’s place on the global stage. They OWN the banks. They are all-powerful in ways the common man may never truly absorb/understand. The British Pound ( GBP ) isn’t going anywhere as the world’s “elite” hold it in vast quantities. They’ve already built their spaceships…and paid for it in pounds.

I’m curious to see what “spin” the two America clowns running for President put on it. The timing couldn’t be better.

In any case…..catch the news tomorrow morning, and expect all kinds of fireworks. I’ve not posted or traded for well over a month now – essentially proving a point.

Remember Apple short at 111.00? Remember suggestions that”2100″ in SP 500 was the high water mark? You’ve spent the last few months pulling out your hair trying to figure this out.

I’ve got a killer tan and cash in the bank. Hairline intact.

 

Forex_Kong_Kongdicator

 

 

 

More Planets Found – Just Tell The People!

The number of known alien planets has just gone up by more than 60 percent.

NASA’s Kepler space telescope has discovered 1,284 new exoplanets, including nine rocky worlds that might be capable of supporting life as we know it, astronomers announced today (May 10). This is by far the largest haul of alien planets ever unveiled at one time.

The total exoplanet tally now stands at about 3,200, and Kepler has found 2,235 of them, NASA officials said. [1,284 Exoplanets Found: NASA’s Kepler Space Telescope Discovery in Pictures]

– See more at: http://www.space.com/32850-nasa-kepler-telescope-finds-1284-alien-planets.html#sthash.lgLHcuoi.dpuf

 

This is so old news…and just another example of the sheeple being fed this info bit by bit.

I’ve been on this planet for centuries…..when are these crook’s just gonna tell you the truth?

Stop And Reverse – Day 3 Already

Why not take a quick second to blow my own horn right? I mean…….why not!

Day 3 of the full “stop and reverse” on The U.S Dollar – timed exactly,faultlessly, superbly, superlatively, excellently, flawlessly, to perfection, without fault, ideally, inimitably, incomparably, impeccably, immaculately, exquisitely, consummately. Bang! After week s of pure profit on the short side….3 days straight up long. Job well done for those of you that actually trade.

In any case…..always a great feeling when you nail one….or two – maybe 3 in a row, as it certainly makes up for the couple that you get 100% completely wrong.

By the strength of the move in USD I think it’s fair to say we’ve got ourselves an intermediate bottom, a fantastic entry and many more days of upside so it’s unlikely I’ll be changing my tune over the next few weeks. Mind you….I will be there for the next turn lower…you can count on that.

This is a great time to get those gold and silver miners back on your radar, and start zooming in to find solid areas of support. I hope these little babies fall hard, as the longer term reversal is now so…. major weakness will provide buying opportunities.

Rock n roll people.

Hope you’ve managed to make a buck er two. I’m back on the beach.

 

 

Forex_Kong_Beach

 

 

 

 

Mind The Hammer – Japanese Candles Tell All

Can you see the candle formation currently forming on $DXY – The U.S Dollar Index? That’s reversal shit there.

A hammer is a type of bullish reversal candlestick pattern, made up of just one candle, found in price charts of financial assets. The candle looks like a hammer, as it has a long lower wick and a short body at the top of the candlestick with little or no upper wick. In order for a candle to be a valid hammer most traders say the lower wick must be two times greater than the size of the body portion of the candle, and the body of the candle must be at the upper end of the trading range.

When you see the hammer form in a downtrend this is a sign of a potential reversal in the market as the long lower wick represents a period of trading where the sellers were initially in control but the buyers were able to reverse that control and drive prices back up to close near the high for the day, thus the short body at the top of the candle.

After seeing this chart pattern form in the market most traders will wait for the next period to open higher than the close of the previous period to confirm that the buyers are actually in control.

Two additional things that traders will look for to place more significance on the pattern are a long lower wick and an increase in volume for the time period that formed the hammer.

And here’s the kick in the face for those thinking this market is still properly correlated –  stocks taking a hit.

Complete and total gong show out there folks…..stick to what you know and don’t even try to understand it day to day.

I’m full stop and reversal on USD with orders sitting above and below. Japan may well have more to show us this evening….but we’ll just have to wait til then.

When gold and silver mining companies pull back here ( on USD strength ) BOOM! – Entry of a lifetime coming very soon. I shall keep you posted.

 

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Kathy Lien – Completely Wrong About USD

Another CNBC talking head pushing her latest headline: Fed Statement Is Good News For U.S. Dollar

How do these “supposed” industry analysts get this stuff so completely and totally wrong?? While a simple off planet ape keeps getting it right?

Kathy Lien Managing Director of FX Strategy for BK Asset Management is obviously just another cog in the media wheel, sputtering out mindless garb aimed at keeping you trusting, keeping you in belief that the financial systems are stable and working in your favor.

Overnight here in the jungle, The U.S Dollar has finally broken support – after trading sideways for essentially the entire month, and things look very ugly in Japan. The Nikkei is now down -630 ( 3.6 % ) and USD has absolutely dive bomb a full 300 pips vs JPY. The short USD trade will finally pay “the big one” allowing me to finally purchase the magnets and nuclear material I need to get back home.

The profits are staggering. Thank you Kathy –  for selling the retail trading community “exactly what I needed” to catch the vast majority of them on the wrong side of the trade. I will be closing these trades immediately ( as many will just now look to get in ) and continue to place smaller trades “under the action”.

It will be interesting to see how the next couple trading days go there in the U.S. That ol saying ( however cliché ) Sell in May – Go away. I don’t really buy it. So we’ll see.

Future_Kong_Nuclear

Future_Kong_Nuclear

 

 

Step Outside – Embrace Death – Start Living

You think I could pull this off if I was scared?

I know you……..

Well…..I know some of you.

I know a handful of successful people who kick around here on occasion – likely getting  a bit of a charge out of good ol Kong as….these are people who have weathered their own storm, and can relate. People who’ve made sacrifice, people who’ve taken chances. People who’ve thrown “caution to the wind” to realize their dreams.

People that recognize you don’t get anything for free in this world, and that nothing…..and I mean NOTHING can stop you if you work hard and believe in yourself.

Is that you?

Or are you some “lurker” here fishing for a “free tip” –  hoping you’ve lucked into the “lotto blog” and your wildest hopes/dreams will be instantly realized in doing what I say…..no effort….no sacrifice……no “self belief”?

Have you lost your mind?

In any case……….

I’ve been invited to a party this evening. A friend here in Playa. A very successful gent from Holland running a very successful beach bar and club. A celebration of birth on a level you’ll likely never see in your life.

I’ll pass thank you.

This is how it works for me…….

I’m not much for “birth” as much as I am for dieing.

If I didn’t approach it this way –  how could I have lived this incredible life?

If I didn’t have complete and total belief / conviction that this “brief time in human form” was exactly that well….how could I possibly have done the things I’ve done? Imagine if I lived a life “in fear”?? How could I know what’s possible?

Do you know what’s possible? Do you know what you are capable of? Are you scared to die –  or perhaps scared of living? Do you think you know the difference?

Total bullshit.

The sooner you start thinking/believing  you are “eternal” and that this “brief stint as a werkin joe” is just a stop over – the sooner you and I start getting along.

Don’t do anything stupid ( short of the standard stupid shit we do ever day ) but seriously….

Step outside. Embrace death…….and you never know – you might just start living.

This blog is gonna change soon. I’m bored stiff with the simple math of  trading.

Psychology coming soon to a theatre near you.

Stay tuned er bug off.

Thoth

Thoth

 

 

 

 

 

The U.S Dollar – Back On The Downside

Did you enjoy the tiny gains made “long USD” some days ago?

I didn’t think so.

I’m getting back on the “short train” with USD as the “6 day long suggestion” has obviously run it’s course.

This daily cycle looks to have rolled over as early as day “3” so once again we are looking at a left translated cycle – following the previous failed daily cycle so…….down we go.

It might be a touch late to jump into pairs such as GBP/USD or EUR/USD so I would suggest waiting for a small intra day pullback “or” placing limit buy orders “above” today’s action and waiting to get picked up on momentum.

Are you still hanging long? Why would you do that?

The next leg lower has lots of room to fall.

I like when things fall, as fear is far more motivating than greed. I’m here to trade, and that usually works out best when people start getting scared.

But you’re not worried about anything are you?

 

 

USD Cycle – New Daily Cycle Begins

The short USD Trade has been all too kind.

Have a peak at some “marketing timing” as a new daily cycle now begins for USD. I’m obviously 100% completely cash.

For the brave at heart – full reversal trade here….feel free to take a couple of days on the long side if you like.

Not for me….as I trade with the trend, but I’m sure you’ll squeeze a couple of days ( maybe as many as 6 ) long here if ya like. Have at it.

I’m hitting the oysters hard. No plans to trade for at least the coming week.

 

 

USD Devastation – USD/JPY Over The Edge

Absolutely incredible.

Silly people clinging to their television sets, clinging to their currency – still clinging to the ridiculous notion that “everything is going well”.

Straight up…..anyone suggesting that you “buy” is likely a banker, a broker or some dumb ass blogger with a single strategy ( or total lack of strategy ) appealing to you on the only level they can.

The notion that “bears are negative” and bulls are “positive” is completely and totally ridiculous as this is a “market” that trades in both directions. If you can’t develop strategies for the “red candles” how on earth do you possibly think you can be successful? Just buy and hold? Just “buy” cuz you are “optimistic about the future”? Dumb.

I’m as optimistic as it gets. Building my spaceship, saving my pennies for the liver transplant I expect to get somewhere down the road..plotting my investments in Graphene and spending my spare time plugging away at the latest developments in physics. The future looks amazing! But what the f#@k does that have to do with making money in the markets?

Blind optimism has no place here. It’s actually pretty irresponsible.

Since the vast majority of you don’t even trade Forex, it’s very likely that you lack proper context. If you dig back into the blog, you’ll find countless references to the fact that “currency markets lead all other markets”. Pretty straight forward considering that you need “money” to buy stocks so…….there it is. If you’re watching the money – you will always be one step ahead.

So what’s the deal with my USD Short Trade?

The deal is – it’s been 8 straight days since entry, and the trade has been amazing.

The US Dollar has absolutely cratered against it’s “printing partner/funding currency” the Japanese Yen. Didn’t hear too much about it in the news? Not surprising.

USD/JPY has fallen 1700 pips ( yes that’s right – 1700 pips! ) since markets topped out some months ago., and is quickly approaching “intervention territory” as far as The Bank of Japan goes. The huge move in Japanese Yen – a Tsunami for the Japanese economy.

USD-JPY_April

USD-JPY_April

 

I’m banking profits, as well letting a couple of these trades run with a tight stop as the money has already been made on this recent “leg lower in USD” but don’t be mistaken.

 

There will be another one coming. Bank on it.

 

 

 

Merle Haggard Dead at 79 – A Lifetime Of Memories

Hey we’ve all gott’em – that small handful of artists / musicians that hold a special place in our hearts.

A treasured memory of my youth – Merle Haggard has died today at the age of 79 years of age.

An outlaw…..a renegade and a hero – the music of Merle Haggard served as the back drop to my youth….always there, behind a myriad of fond memories of home.

Memories of family, memories of falling asleep on my dad’s shoulder listening….heartfelt songs that brought smiles and happiness to all of us – and all who knew us.

A tough day for fans of the legend. We wish him well.

Here’s one for ya that certainly strikes a chord in this ol silverback. Cheers Merle – thanks for all the great times.