Economic Collapse – Food Stock Piles

Seriously I couldn’t resist.

With respect to the large storms pounding the Eastern U.S, as well it being the weekend –  just one more little video to really get you thinking. You are at home – the T.V sucks, and I can’t imagine you’d dig this one up on your own so enjoy…or not.

Your thoughts / opinions / views are always wanted and deeply respected so fell free to comment on this…if you can help yourself from “not”. I for one appreciate the straight forward exchange between these two lovable creatures – regardless of the content. Take it for what it is…….a cartoon no less.

21 Responses

  1. Mike February 10, 2013 / 1:48 pm

    LOL….Kong, I’ve been enjoying your website since reading your comments on SMT….keep up the good work! I’m still chuckling over this vid, not because it isn’t true but because I’m still eating “outdated” canned food from Y2K and haven’t died from it (yet). So I think canned soup, beans, etc. will hold long enough to get through bad times unless they go more than 12 years….LOL.One question on a personal note….you say you lived in Costa Rica for several years before moving to the Yucatan of Mexico. Did you find problems with CR? Im a subscriber to International Living and they seem to tout so many countries my head is spinning. I’m a beach person, hate the cold, but also hate rainy/cloudy weather as well, and hate mosquitos. Been looking at CR, Panama, Mexico, Nic. The Yucatan and Belize worry me due to hurricanes. If not too much trouble, your thoughts? Thanks.

    • Forex Kong February 10, 2013 / 2:18 pm

      Mike!

      He he he……I too am having a laugh – and appreciate your sense of humour. I expect others may look to lable me a “dooms dayer” and may not share the laugh – so be it. The idea of food stock piles just struck me as being an extreme although…in reality perhaps not.

      Not a single bug in sight here in Yucatan – beaches are beautiful, no worries at all about hurricanes – get your ass down here!

      International Living is great but yes…a touch overwelming. Costa Rica is great for the adventurous – but not a “sit back and relax on the beach” type place. I’d give the entire Mayan Riviera 5 stars across the board in every respect……and could go on and on and on…..

      Watch for me to shoot you a private email…and you can ask / we can chat about it all day long.

  2. schmederling February 10, 2013 / 7:40 pm

    Hi Kong – Still being relative green to trading currencies – was wondering if you might have a look over a thought process if have.

    First the DXY index by itself:

    On a weekly review the dxy has been in a squeeze set-up since 1/4/13 having completed 6-weeks & working on the 7th ending on the 14th. We have seen similar set-ups , one in spring of 12 lasting 8 weeks ( fired upwards). The other back in summer of 2011, running 11 weeks ( fired upwards). Both these set-ups produces nice gains, the current squeeze set-up looks to be aligning up for a move down once it fires which would coincide with another DXY roll-over.

    Moving over to the AUD>USD Pair:

    This par has been in a squeeze set-up for some time now, running 16 weeks completed…. Once this fires, this will in my opinion generate a very large move. We had 2 other set-up recently Jan-Apr -11 & Aug-Sep-11. I suspect once this fires we could see a move up to the 106-108 level in a relative short period of time.

    With the DXY & the aud/usd par setting up for what looks to be an apparent move in both could be the driving force sparking the next leg up in the commodities sectors.

    Thanks in advance Schmed

    • Forex Kong February 10, 2013 / 8:15 pm

      Schmed.

      It is fascinating having a look at “how you see things” – I thank you for that, as I’m sure other readers here do as well.

      Personally, I don’t spend “alot” of time looking back with respect to your “squeeze counts” running “x” number of weeks etc…and in turn looking for similar results moving forward. As dynamic as markets are, coupled with the massive central bank component we see in today’s markets – well…..it’s exactly that “today’s markets”.

      It may very well be that your counts line up to the minute with my trading (and actually quite likely) even if we are following completely separate/different methodologies. I believe this happens in trading all the time – two guys, different method – same result.

      Generally I put little faith in things ever repeating and gather little from looking to the past in that – take any given Forex Chart over time and it might as well look like a radio wave!

      I base my trading on fundamentals – and fundamentally speaking I know AUD will increase against USD….and trade this pair with confidence. I rarely trade EUR/USD for exactly the “inverse” – I don’t see a solid fundamental story and thusly, trade accordingly. A week here, a week there – I don’t know that anyone can “say” for sure – but that is what my short term tech is designed to do – ferret out turns, find entries and exits – and warn of reversal.

      I’m no profit – but the two in tandem have proven quite effective.

      Let’s watch coming days closely and see if we can match up an “overlay” of your views and mine.

      • schmederling February 10, 2013 / 8:51 pm

        Thanks Kong – I must seem like an odd-ball of sorts…. just using what works for me…. My expectation of past results to present are just a guide. I have the USD/USD pair topping out on the 15th of Jan & bottoming today should my method be accurate ( daily view). Looking to enter long AUD in this session…. looking for a nice entry set-up…..

        Sure let’s see where we are at in a couple days…. cheers Schmed…

        • Forex Kong February 10, 2013 / 9:15 pm

          If you’ve got something that’s working for you – yes!

          Your AUD entry looks bang on to me….Japan on holidays and China out too so……I’m gonna sit til tomorrow night.

          Sounds great Schmed! go man go!

  3. schmederling February 10, 2013 / 8:57 pm

    Sorry correction…. top on the 10th…. was looking at wrong chart… LOL

  4. rolo February 11, 2013 / 2:44 pm

    Great quick trades on the JPY shorts – thanks Kong – watching out for your exit call

    • Forex Kong February 11, 2013 / 2:51 pm

      Flash Bam! – Im already out Rolo……as I love to bank profits!

    • Forex Kong February 11, 2013 / 2:56 pm

      Rolo………

      I know we are pushing our luck here with the short JPY trade…so I am nimble / thankful for what I’ve got.

      I feel that there are other pairs / currencies worth focusing on at this time…..but will continue to watch commods vs JPY – and WILL ALWAYS BUY USD vs JPY for the next 2 years!

      EUR/JPY could be a biggy when/if risk on pops…and USD tanks.

      • rolo February 11, 2013 / 3:22 pm

        Cashed out also JPY shorts in your footsteps – great trading there – still short USD/CAD – EUR/JPY to be a quick faller when risk sells – it can’t be long now

        • Forex Kong February 11, 2013 / 5:05 pm

          Rolo!

          If you can keep up – all power to you ma man! I should caution you though Rolo….I make these decisions on a hair trigger and don’t post every little squiggle. A very wise bird told me once “don’t trade what someone else sees – but what you see!”

          If you have any doubt or don’t see the trade for yourself – I’d hate to responsible for a “trade gone wrong” – as we both know it happens all the time.

          Careful young Jedi – the force is strong with you.

  5. John Wright February 12, 2013 / 12:01 am

    The aud/usd has been drawn like a magnet to the median line on this 1H pitchfork.
    When it tried to break out it got slapped back down hard. I thought 1.0250 would hold.
    chart: img542.imageshack.us/img542/6782/audusdy.jpg

  6. John Wright February 12, 2013 / 12:34 am

    Looks like this could be a good entry on a euro short on the hourly. Stop just above 1.34.
    Might take a small nibble here.
    chart:img843.imageshack.us/img843/251/eurusdy.jpg

  7. John Wright February 12, 2013 / 2:59 am

    Oops, charts dont link correctly.
    AUD/USD : imageshack.us/a/img542/6782/audusdy.jpg
    EUR/USD : imageshack.us/a/img843/251/eurusdy.jpg

    • Forex Kong February 12, 2013 / 7:20 am

      John.

      This site does not not permit the posting of external links.
      I had mentioned it earlier John….sorry.

  8. John Wright February 12, 2013 / 7:32 am

    Sorry, missed that.
    It wont happen again.

    • Forex Kong February 12, 2013 / 7:46 am

      John your charts are great……and I would like to continue viewing them, but the site is a bit of a search engine experiement for me as well. As it stands I don’t have any external links, but do recognize this may not be the norm.

      Perhaps there is something we can do..in any case – let me think about a work around.

  9. John Wright February 12, 2013 / 8:03 am

    Dipping a toe in the water here.
    Long AUD/USD @ 10255

    • Forex Kong February 12, 2013 / 8:13 am

      Fantastic John……don’t sweat a pip or two of further downside as nailing an “exact” entry is really no concern.

      AUD down here at 1.02 area is an additional gift.

      Great work in my view.

  10. John Wright February 12, 2013 / 8:27 am

    Comments out of G7 re Yen looks to have caused the dip.
    Reuters

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