Kong Enters Market – Trade Positions And Levels

I’m In! These for starters….and far more to come.


AUD/USD at 97.00

NZD/USD ( adding to existing postion ) 85.13

EUR/USD ( small position ) 1.3780

GBP/USD enter at 162.58


EUR/NZD at 161.85

GBP/NZD at 190.50

USD/CAD at 1.02 85

I’m trying to get some of this out in as real time as possible so….please forgive the “lack of meat on the bone” here from a fundamental stand point.

We’ve been into all that already….and obviously there’s plenty more to come.

21 Responses

  1. ezyfx October 22, 2013 / 12:22 pm

    You should be right, however I’m still long the aud/usd and aud/jpy for now.

    • ezyfx October 22, 2013 / 12:22 pm

      … and totally out of the bitcoin scam.

      • John G. October 22, 2013 / 4:39 pm

        Ezy, if Bitcoin is a scam, how do we define all this fiat toilet paper you’re so enamored with?

    • Forex Kong October 22, 2013 / 12:29 pm

      It’s generally a matter of timing at this point EZ – you know that I’m sure.

      If you’ve been fortunate enough to stay long risk / AUD then fantastic job. You “might” want to consider booking some profits, and hitting the beach with a job well done.

      We can’t catch every pip – and it’s always nice to “put those pips in your pocket”.

      Well done.

  2. GTFO October 22, 2013 / 2:41 pm

    The market strength today is a bit deceiving. Most of the high betas I follow are getting the smack down and you have staples, utilities, and healthcare leading the way. RUT and NDX lagging. US treasury bonds ripping. Oil getting the smack down. Gold and Silver ripping. Hmmm…. USD and these are out of whack.

    • Forex Kong October 22, 2013 / 2:46 pm

      100% completely off the reservation Andrew!

      This market has made little sense for the past few months…and now is “completely outta wack”!

      I love it!

      All fundamental correlations are full on “gonzo” as last ditch / pump / turn / wax job takes it to the next level.

      I love it!

      Inching in here “short risk” a bad idea? I think not.

  3. GTFO October 22, 2013 / 6:52 pm

    Kong, am I right that Swissie is still pegged to the Euro, so long USD/CHF is the same trade as short EUR/USD?

    • Forex Kong October 22, 2013 / 6:55 pm

      Swissie pegged to Euro yes…..

      Both trades essentially reflect a “long USD” yes.

  4. David October 22, 2013 / 7:36 pm

    Wow, really nice spike on AUD on the CPI data just now, taking out Highs of day (and many trader’s stops); To me, this makes it even seem more likely to reverse now since “less people will benefit” lol. I’m adding here and on GBP/AUD longs at these levels and will reassess tonight.

    • Forex Kong October 22, 2013 / 7:49 pm

      Exactly David.

      It’s funny…..short term traders ( some of them here and at other forums / blogs I participate in ) look for some kind of “instant result” on a market / trade call where a move of 30 – 60 pips would likely blow their account!

      I see points against my initial entries nearly every single time I push the button, and 50 pips isn’t a “move”….it’s a blip!

      When one has the patience to create multiple orders “around the horn” you’re happy to see a spike 50 pips against you! As it’s a great place to add!

      AUD will turn in that….”even” the decent print in CPI has barely moved the needle.

      • JSkogs October 22, 2013 / 10:35 pm

        Getting into the yen longs and adding some usd longs

        • Forex Kong October 22, 2013 / 10:43 pm

          I’m in party mode yes.

          GBP/NZD and EUR/NZD’s rippin.

  5. JSkogs October 22, 2013 / 10:36 pm

    Fairly certain its party time now!

  6. David October 23, 2013 / 12:52 am

    Beautiful… just Beautiful! A few hours after that AUD spike and we already faded 100 pips (2 “blips” in Kong language). I’m booking some profits to be safe and initiating a position long USD/JPY to hedge against my GBP/JPY short. Hope everyone’s making money as the trades Kong listed are just Ripping higher.

    Patiently waiting for the EUR to come back down to earth.

    • Forex Kong October 23, 2013 / 6:31 am

      A thing of beauty indeed!

      Some amazing short term / immediate profits here as my short term tech / Kongdicator coupled with the good ol fundamentals produces a nice one!

      I hope you’ve made out well!

  7. Franky October 23, 2013 / 3:19 am

    Kong!!! Great entries!!! That was very quick move in profit…
    I only missed GBP/USD short order by 1 pip 🙁

    • Forex Kong October 23, 2013 / 6:32 am

      Thank you Franky.

      Ya the GBP trade was much larger / faster than I’d expected so…..sometimes all the hard work pays off , and you really hit a winner.

      Keep on it here, as I think we’ve got a ways to go.

  8. Andy Jackson. October 23, 2013 / 11:43 am

    Kong, My sincerest thanks. Got out fully pipped up at 5.30 this morning (uk) just before leaving for work. By luck, a nice point to do so.
    Ps. How did you know the Kiwi was going down the crapper?

    • Forex Kong October 23, 2013 / 11:57 am

      Right on Andrew….glad you made out well.

      Ya with the amout of time I’ve spent viewing forex markets in real time…I’ve got more than a couple “cool little spots” throughout the trading day where I might “choose to enter” or “get out before the wolves start hunting”. It’s taken alot of time but the 24 hour forex clock is now fully under wraps.

      The Kiwi yes….well – I’ve got my short term “Kongdicator” tech that gets me in and out on the smaller time frames but only after my long term “Super Kongdicator” has had it’s requirements met. It takes incredible patience as the big guy looks into “weekly and daily data”.

      When those criteria are met, I then drop to my shorter term stuff and time a trade. Generally a pretty powerful one at that.

      Laying low for weeks at a time is hard, and the urge is always there to just “find something” but…..when “stars align” and I have it all lined up – Boom 700 + pips overnight.

      It’s just too bad that these days I’ve pulled my position size down considerably (considering the markets “insanity”) thus making smaller returns on these relatively large moves. That too will change when we hit a straight away.

      • Blackswan007 October 24, 2013 / 1:45 pm

        Dude… Sorry (young people these days). Sir, that was – wait for it – KONGTASTIC !! Been cashing in the past 2 days, more bullets to reload and complete my sniper trades (equities next priority). Trading around long term res/sup and initiating with short term tech, that’s the way to go…

        • Forex Kong October 24, 2013 / 4:15 pm

          It’s been a very profitable two days….imagine when this thing “really” rolls over.

          Great hearing of your success, and I love your handle.

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