I Love This Price Action! – Everything Has Changed!

While everything remains “exactly the same”.

I love it.

The market is doing exactly what it’s designed to do.

Drawing in those last hopeful bulls ( after already trapping the majority of “old bulls” in devastating fashion ) as well dangling the carrot for “hopeful bears”  legging into position here – but quite possibly “equally under water”.

The push and pull of good and evil! happy and sad!

All that you love and all that you hate – playing out in one incredible combination of “ones and zeros”! “dollars and cents” !! I love it I LOVE IT! I LOOOOOOOOVE IT!

I LOOOOOOOOOOOVE IT!

Complete and total devastation awaits you on both sides of the fence should you lose your head here.

Always remember that “human emotion” is one of the largest and most powerful contributors to market direction so step back a second and ask yourself…….

Are you “more scared” than you where a week ago?

I think that’s right around the time I mentioned the Nikkei leading, oh ya ..and days before that getting short Japan etc….blah blah.

Oh no wait……let me guess…..you’re sitting in some crap “monthly rental” office somewhere in the bowels of New York City, watching your investments crap their pants wondering “WTF?”

Word of advice…….look out your window pal….( more likely a basement suite in Minnesota ) – It’s CALLED THE REST OF THE WORLD!

Wise up. Going down.

 

 

 

Face Ripper GBP/AUD – Making The Turn

I’ve refered to these pairs many times before as “face rippers” in that……they can move with such violence and such volatility as to literally…..well – you get it. It can get pretty ugly if you’re not careful.

It is not uncommon “in the slightest” to see these pairs move some 200-300 pips in a given 24 hour period, only to shoot back 150, then jet off in the opposite direction another 200 or more. They are “crazy volatile” and cannot be treated in the same fashion as one might consider trading a “pussycat pair” such as – lets say..USD/JPY.

I’m talking about EUR/NZD, EUR/AUD, GBP/NZD and GBP/AUD.

These guys can produce some major moves, and in this case the “upside potential” is easily….EASILY 1000 pips and higher – if we finally see the commods (AUD and NZD) roll over, as they appear to be doing now.

You trade these pairs as if holding a hand grenade so….careful, careful, small  (tiny small) order with “super wide stop” if you look to stand “any chance” of taking the ride.

Again, you may consider that I’m usually “early to the party” so get these on your screens – and watch for some “serious fireworks” in coming days.