You’ve all heard me say it before, and I’ll say it again….
I am “short” humanity – and “long” interplanetary space travel.
With respect to the “rampid stupidity” playing out via the Twitter I.P.O this morning, I’ve had further confirmation that the “buy n hold strategy” short humanity should do well.
What the hell is the matter with you people?
I’d give my left arm to know the exact number of people who “bought at 50″ only to see it at 45 minutes later….let alone where it will be in the weeks to come.
But wait…..”you screwed up” the buy price…and now plan to “nail an exit”?? You are a complete and total loser.
I have to get the f^$k out of here pronto…as – I’ve pretty much lost all faith.
The spaceship is coming along but I’m still getting heat from the local authorities. Now a couple of the local “policia” are requesting I add a couple more seats for them.
P.S – they didn’t buy twitter at 50.
I wil def need 2 x tickets on the Spaceship please…. There’s idiots everywhere those that bought in at all are not reading the Blog
You’ve got a couple seats on reserve – no question.
Seriously….maybe it’s just me and this industry but…..
what the hell is going on?
Im doubling up on labor here..we ned to get this thing off the roof / pronto!
Between the nuke waste in the pacific, fireball tap water due to fracking in the US, asshat politicians and central bankers, US oil and gas industry being exempt from the clean water act I need first class tickets outta here for me and the other 4 members of my family. This place stinks.
That being said I might as well make some money while I wait. Pretty significant Yen futures action today. I think this is the final piece. Correction is on. Trade accordingly!
and they bot it w/ doll hairs
I certainly didn’t buy twitter at any price… but I did short eur/jpy, usd/jpy and eur/usd
So happy … another 3.9%
Kong – you are a pro trader and it’s cool that you have a forum filled with people who are sharp enough to take your advice and also contribute constructively.
Trading fiat currencies is a cool racket, if you’re the best at it – Kong, you seem to be pretty damn good at it with a 114% ROI just this year alone. (I am assuming that means you have profited 114 units on a bankroll of 100.)
Since I first posted on this blog, on October 18, 2013, my currency strategy has yielded 123%. The strategy is remarkably simple and it will likely work for the next few years, at least. The strategy begins with realizing that all this fiat toilet paper is getting exceedingly useless, and just in the nick of time, a new technology, a superior version of gold has been invented. It holds many of the same characteristics of gold, except that it was invented in the last 5 years. It’s useful in our digital age, whereas gold has lost a lot of relative utility. It’s going to keep going up and up because it’s a new asset class that can, at least, be used as a hedge.
Anyone on this forum who would like me to stop mentioning Bitcoin, just let me know. I’m puzzled why anyone wouldn’t want more information about Bitcoin. It’s the future whether you want it to be or not, so you might as well learn about it, and divest.
Cheers. Galt out. Seats on this spaceship available for the brave.
And I end with a quote:
“Far better is it to dare mighty things, to win glorious triumphs, even though checkered by failure, than to take rank with those poor spirits who neither enjoy much nor suffer much, because they live in the gray twilight that knows not victory or defeat.” -Teddy Roosevelt
Keep it coming ma man as Bitcoin will soon get the full endorsement here at Forex Kong regardless.
I’m no stranger to early adoption having “pioneered” search engine optimization so…anything you have to offer , you’ve found a home here.
You can lead a horse to water but you can’t make em drink.
Bitcoin is a facinating ideal, but as we currently see every day (with the U.S subject to such
manipulation)……it’s hard enough even getting people to the water!!
Come! Drink!………………bleeep! Not.
It is cool that this forum has some serious thinkers.
I’m very proud of that.
Thanks, Kong. You are the man.
Pioneering SEO, that’s impressive. That must have been like minting money out of thin air. Very, very cool. Nowadays, a guy can drive himself insane keeping up with the algorithm changes, as well as the $0.50/hour content writers from India.
Back on the day (out on the tiny island of St Kitts) you couldnt type a gambling related keyword and ‘not’ hit one if not several of my sites.
at times i had 6 out of the top ten in the network.
It was a special time yes.
Ha, I love it. I was doing a bit of gambling online back in the last 90s, early 00s. I bet I hit some of your sites and didn’t even realize it.
And I bet that your friends and family told you to get a real job!
Im not sure what my family thought at the time really….
I still don’t really but….
You gotta do what you gotta do right?
I saw a ship pulling out, I jumped on board.
Bull trap in the DX? What do you think Kong?
Oh Andrew……
Ive been long UsD for 12 days! Booking profits and “almost” getting ready to switch teams.
Not yet though…..but soon.
I’d call it more of a “retail trap” as peoples lights are just coming on???
Theres more USD upside but….my move has long and since been made.
You know my long term view of USD to the basement so..in that context yes….if people are considering “reversal here” ugh – I really dont know what else to do or say
.
I’ve traded a massive counter trend blast in a well defines downtrend so…..as I see it.
Downtrend intact, and already scaled out of my counter trend “totally huge /massive / incredible / freakin unreal trade”!!!!!! long USD
Ill keep pecking sure but…..u see the last 10 days?? wow!
Buying the breakout in Forex has not been a winning strategy of late. Anyone who tried it today likely is getting nervous and underwater or break even. I know you’ve been long, so obviously you’re not in that crowd.
I need a lawyer / patent on:
“I’m very often early…..but rarely ever late”.
Is that eve possible? Joking aside…..I do try to ‘look ahead’ and yes..those left chasing….are usually punished.
Ha, so your now an investigative journalist. Careful, the NSA knows all about you and I have full access to their files 🙂
He he he……impossible obviously.
I do get around yes…..
As we’ve clearly made friends it is interesting to note……we are world’s apart man.WORLDS APPART
You gotta love that. I love that.
Cheers Andrew – and “mucho respeto”.
Hey Kong i’ve been a silent follower for some time. I mainly trade off technicals but your fundamental side intrigues me especially your macro views. Combining the two has been a powerful mix. Still following you down the rabbit hole.
Stop being silent.
We’ve all got something to add – if only from a different perspective.
Personally I don’t care about someones ‘forex knowledge’ nearly as much as my interests in where they are,and how they are seeing it.
Get in here…and yes / the combo of tech and fundies “is” powerful – IF…you’re willing to do the work
Did you manage to catch any of the eurjpy fall?
I know you mentioned it several days ago…….
Yes of course……but in all….Im expecting a much larer move.
DOWN
If I mention it……rest assured……I’m into it!
John, I can only speak for myself but as a frequent reader here I am all ears in what you have to contribute here about Bitcoin. I have to admit that I don’t know much about it but I have an open mind. I saw where a Norwegian Man bought a flat in downtown Oslo with his $24 investment. About a $850,000 return. Not bad. It just seems to me though that anything that would seriously challenge the system would be slammed down at some point making it quite risky.
Seeker,
That was a neat article about that Oslo guy. Certainly good for capturing new eyeballs to the bitcoin awakening. I personally believe that anyone who buys into bitcoin while it’s less than $1000 will be very rich in 5 years. I always look at the total market cap of all the bitcoins in existence, and compare it to other asset classes, payment systems, and money supplies.
I completely agree about the backlash this will produce. The “system” is going to fight back viciously against bitcoin. The US has already taken a pretty negative tone against it, enough to push innovation to countries like China, Canada, and Germany. Technically, bitcoin cannot be destroyed by regulation, anymore than the internet could be destroyed. Once it exists, it’s peer to peer, and has no central nerve system with which to attack. It is likely to get ugly, though. Right on point, there.
China, Canada, Germany and other countries that show an early warmness to bitcoin will benefit greatly, as their citizens will have more bitcoin and gain a larger marketshare of the new bitcoin economy, which is steadily growing.
Many, including myself, believe that bitcoin is the most significant societal development since the internet itself. The internet de-centralized communication and bitcoin will do the same for money.
Cheers! Viva la revolucion!
The sucker sheep bought the old pump and dump. Chumps
USDJPY has really worked itself into a tight range. I would expect an explosive move soon from that pair and I would think it will have an impact on the DX as well. Technically speaking it looks like USDJPY will take another short sell off and lead into a more durable rally up from there and out of the multi-month consolidation. So, if that means the Nikkei is ready for a new move up and the SPX looks ready for a new move down. If that decoupling holds true could we not see a mega DX rally (short in time but high in price) as “traditional” risk-on currencies get sold off with SPX correcting as people take profits? I would think this scenario would only work if the yen doesn’t receive massive inflows as institutions take profits from the SPX.
I might just be really confusing myself with too much mental masturbation…..somebody save me from this!!
I can save you a pile of mental process man…..
How bout – not trading / looking at usd/jpy?
Its a tug of war with the easing etc and not really likely to produce “massive moves” either way no?
I want to get long the pair when us interest rates are “forced higher” long before jpy…..but I’m nuts right?
Keeping eyes on jpy should risk come off…which it has too…..I’d see the pair taking a super big dive……and picking it up then.
But again…….what do I know.
Ya I would have to agree with wait n see and not trading it. Also, yen futures volume was bad ass today so that has to keep a guys eyes open.
I eat dream and sleep jpy correction skogs so…..
We are on the same page.
Yup. And yen longs against commods have been productive the last week or so and I’m assuming they are just getting warmed up due to today’s yen action. So, why screw with other pairs. Except maybe EURJPY still.