It was meant in jest as last Sunday’s post may have pissed a couple of people off.
Now in retrospect – 8 straight days “down in risk” and the “warning” doesn’t look half bad no?. In any case…..we’re smack dab in the middle of “yet another” challenging scenario for both bulls and bears alike.
It’s hard to get “overly optimistic” when the U.S Government can’t “govern” a sack of wet mice let alone themselves…let alone the largest consumer economy on the planet. Yet there’s still “Uncle Ben” lurking in the shadows, printing press in hand, there to “save the day” should things get “too far off track”. Talk about a gong show – and an extremely difficult environment to evaluate / makes sense of…let alone trade.
Every fundamental bone in your body itching to “short this thing into the ground” – while every Central Bank on the planet keep stacking their chips higher, higher and higher.
One thing we can say with certainty is that “this thing is gonna end really, really badly for a lot of people” as we are so far off the reservation now – there’s absolutely no chance of a happy ending. No chance.
What’s October looking like from a gorilla’s perspective?
I don’t waffle, and I don’t make “safe market calls” in order to stay credible. Frankly I generally don’t muck around “much” with intermediate type market calls” as I’m both macro – and micro.
What happens “in the middle” under the current market conditions is exactly what is “supposed to happen” when a significant turn / area has been reached. Confusion , indecision , sideways , churn , chop , grind. Call it what you want – it’s “by design” that accounts get blasted, nerves stretch, blood pressures rise – and traders / investors are pushed to the limit.
We need to look at the dollar (obviously) as well stocks and gold. Bonds fit in there too don’t forget so…..a look at “all things relevant” to follow – through gorilla eyes.
Hey Kong! Nice looking yen rally. I entered an es short at day end today. Looking forward to some movement tomorrow. Profits!
Hi Kong, When are you planing to launch your service? Will you be giving out trades with SL & TP? Thanks
DXY 8hr looking ready to be picked, packed & shipped…. with a Neg fire right on the lips, words of any news we will know by 11am this morning…… from there we will move onto the weekly TF where I think we will have our decision on further movement…. heavily over-sold periods don’t support much more movements however the MM moves don’t lie! We will see here!!
Im in profit on all USD longs vs commods, and haven’t touched EUR or GBP.
As well the long JPY’s have now more than paid.
I’m just not seeing USD push much further down but hey……this gong show??
PM’s have done a 180 here from yesterday on the DXY fall – I would be careful here in the PM sector……
My current framework has PM’s hitting the basement, as the USD rallies out of a major low.
Overnight move was all EUR, as very few USD related pairs did anything – that’s why $dxy “can” be so misleading.
In the history of my trading, I’ve never seen as many “screwed up” smaller time frame moves / chop / market dynamics such as this….with nearly every coorelation getting flipped on it’s head “at least” weekly!
I’ve got several 100 pips sitting out there, and may just book it here today – 500 and some in the Insanity trades alone.
I’m watching a bunch of miners, and see most every chart suggest a re test of the recent lows….so no rush there.
YUP…. PM’s just bouncing off yesterday’s move & the falling dollar….. the move should have been huge since the start of the dollar fall….. but no… not just yet…. will be interesting how the metal react out of this major dollar low…. could surprise just maybe!!
I have a 8hr squeeze which I am looking to fire positive which should like up with the dollar bottom which should be it….. for now…until the next set-up…. & direction ? LOL will be fun!!