Get Rich Trading – I'll Show You How

If one considers “capturing the most pips possible” and entering a trade at the “exact right time” where as to not only move directly into profit, but also catch a turn of “such significance” that the trade produces “substantial profit over time” – you’ve really got to look out to the larger time frames, as well draw on your knowledge of the fundamentals.

Shooting for small “short-term gains” is fine too ( as this skill comes into play when timing “any entry” ) but there’s nothing like nailing and entry on the “longer term” – watching it move directly into profit, then running for weeks.

These types of trade don’t come around very often, but when they do……wow.

Lets look at an example:

Long_Term_Trading_Example_Forex_Kong

Long_Term_Trading_Example_Forex_Kong

You can easily see what I’m saying.

When identifying a “macro change in trend” in a particular market one sees “amazing profit potential” but only if positioned either “before hand” or “very early”.

I’m very often early……but rarely…RARELY ever late.

I can show you how to do this.

I’m considering opening / starting the premium services here at Kong but wanted to first ask those who’ve been following along for some time.

I’m considering “pulling back the curtain” and taking a small group of traders ( 50 maybe? ) along with me through this next phase of the markets – where one has to assume…. many will struggle.

Full blown intraday trading / signals / weekly overviews, entry levels, stops, “the whole enchilada” as well as tools / charts etc – stocks / forex / whatever so…….as it stands – I’d look at it on an “individual basis” so…..anyone interested please drop me a line at [email protected] and we can go from there….

Otherwise….good luck to all.

 

 

 

 

 

Trade Ideas For Next Week – If USD Gets Legs

If the U.S Dollar can put in a solid “swing low” and reversal down here ( which it appears to be doing ) then it looks like a number of solid trades setting up, with well-defined risk – having that stops can be put just above or / below any number of USD related pairs such as:

  • short EUR/USD with “stops above” 1.39 ( that’s only 30 pips risk )
  • short GBP/USD with “stops above” 1.6820 ( 100 pips )
  • short AUD/USD with “stops above” 94.60 ( 60 pips )
  • long USD/CAD with “stops below” 1.0856 ( 100 pips )
  • long USD/CHF with “stops below” 86.90 ( 75 pips )

The Kongdicator hasn’t “officially rung the bell” on any of these, as the technology “looks ahead” a specific number of bars / time , taking into account near term volatility and a number of other factors BUT!….I’m out ahead of this with some “general trade ideas” should we see a solid swing in USD, as early as Monday / Tuesday.

Short of that, seeing the U.S Dollar fall below the recent lows in $DXY around 79.28 would have it in some real trouble, simply extending gains in all the currencies mentioned above.

Looking at “EEM” turning lower as of yesterday ( near the “same ol area” of resistance ) also suggest possible U.S Dollar strength ( if you can ever call it that ) to come.

From a fundamental perspective, as much as the Fed wants / loves a lower USD,we’ve come to an interesting junction where ( for the Fed unfortunately ) a showing of strength is really whats needed if these guys want to uphold “any sense of confidence” on the world stage.

Most of you likely don’t realize that Russia’s “announcement” that Gazprom ( largest supplier of Nat Gas to EU ) will soon be signing a massive deal with China “priced in Yuan” was a huge reason for market concerns / risk off type action over the last couple of days as I don’t imagine “that” was mentioned in American news.

I guess J.P Morgan ( one of Americas most “trusted banks” ) shit canned earnings / missing both top and bottom line expectations too but……you know….”that” can’t have much to do with anything either I suppose.

As well curious if anyone took note of my “short Japan trade” EWJ puts / short going back to March 31st?

Have a good weekend all.