Same Ol Story – I'm Looking Short

It’s no secret.

I can’t imagine anyone being too surprised. I’m looking to get short USD here yet again.

I’ve initiated starter positions long NZD/USD as well AUD/USD, short USD/CAD as well USD/CHF.

The Yen strength can’t be overlooked here either, as any trade “long JPY” is also in the cards.

Over night the Nikkei has yet again pumped into its overhead DOWNWARD SLOPING  trend line , as well the SP 500 is “still” hanging around this 1700 level.

I sound like a broken record I know – but this is the trade I’ve been working towards for some time, looking for the fundamentals to continue paving the way.


8 Responses

  1. $tuart August 6, 2013 / 11:27 am

    Mmmmmm…..this is the first time since following you that I will be trading against you……I guess thats what makes a market 🙂
    I sold gbpusd / eur/usd and bought usdchf and usdcad about 8 hours ago – all running small positives as we speak.

    • Forex Kong August 6, 2013 / 12:05 pm


      Good for you man – this is exactly what makes a market! Having conviction with your trading is paramount to success.

      Learning to make ones “own market calls” is fantastic….as well learning to live with the results!

      Go man go.

  2. Deano August 6, 2013 / 4:48 pm

    Hey Kong,
    Good ideas as usual, so just a couple of things to watch:
    The AUD is showing divergence here around 0.9000 and looks like rolling over so this may be as good as it gets. I exited my long at 0.9000 last night based on my custom indicator signal. The AUD employment data is tomorrow and is not expected to be good, so even with the COT showing huge net shorts this data release will probably firm up the next interest rate cut
    The NZD looks stronger as I’ve explained before, so another way to play this is the AUDNZD cross, which even after the Fonterra disaster has already resumed its downtrend and fallen 100 pips. Target is 1.11 and I’m still short from 1.1640 – easy since no yield differential either.
    CAD, CHF and JPY totally agree, just waiting for JPY to head towards 0.9650 before I go long again 🙂

  3. $tuart August 6, 2013 / 6:56 pm

    Very well said Kong – one of the hardest things to learn in trading is just to move on to the next opportunity.
    Good or bad / win or lose….NEXT.
    Plus I have the world famous $tewieindicator – that gives me laser guided entries………

  4. TheTrueHeir August 6, 2013 / 9:32 pm

    Kong, do you think we’ll ever see UJ @ 100+ again this month? I have longs underwater and not sure what the best play here is.

    • Forex Kong August 6, 2013 / 11:02 pm

      I don’t think so no……but want to get long the pair at some point – looking for much larger gains late 2013 and well into 2014

  5. Umar Bhatti (@kamukak) August 7, 2013 / 8:49 am

    you nailed it Mr Kong, by the when is your kongindicator be ready? are you planing some sort of subscription service for that?

    • Forex Kong August 7, 2013 / 9:27 am

      Hey Umar. Thanks.

      I’ve more or less got everything finished up for the subscription services, but am still tinkering a bit. I’m working on a couple of new / innovative little things that I also hope to offer.

      It’s pretty slow here during the summer months so….I expect to get things cranking in the fall!

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