Trade Alert! – USD "Almost" Swings High

As per usual – you can take it for what it’s worth but..( I’m sure by now you’ve followed long enough ) The U.S Dollar is literally ” a single point ” from its swing high – and subsequent reversal lower to follow.

The U.S Dollar without question “is now being sold along side of risk” as opposed to taking inflows as a safe haven. THIS HAS CONSIDERABLE LONGER TERM IMPLICATIONS.

Risk off related trades are well within reach here as several including GBP/AUD entered yesterday morning – have already started taking off.

This will further validate the “short Nazdaq” signal issued here on Friday, with the holiday and low volumes of Monday and Tuesday – the entry is still very much “right on the money”.

I suggest getting in front of your screens over the next couple hours, as I feel we are on the cusp of another “reasonable sized move” here as of this morning.

18 Responses

  1. robert November 13, 2013 / 9:18 am

    Once again the powers to be is not letting the us equitiy markets roll much longer can they resist..

    • Forex Kong November 13, 2013 / 9:22 am

      Truly amazing…..right to the line / edge and BAM!

      Yet another save…..with a full month now trading at near the exact same level.

      Frustrating for everyone in equities yes….

      Thank god there are so many more trade opportunities in forex markets.

      • robert November 13, 2013 / 9:33 am

        First time i am seeing such relentless saves… it is as though they are running out of options. if this breaks i expect a big correction of more than 20%

        • Forex Kong November 13, 2013 / 9:41 am

          Classic topping process yup…..the goal being to frustrate and confuse both sides to the degree that “both” act on “pure emotion”….and more than likely make mistakes.

  2. robert November 13, 2013 / 10:06 am

    Probably waiting for yellen tmr to give it a good headfake b4 reversing

  3. JM November 13, 2013 / 10:08 am

    Hi Kong,
    I’m a newbie in forex, but I take the risk of not being with you on this one. The USD looks to me breaking through lots of resistances, and the ichikumo is pointing north.

    • Forex Kong November 13, 2013 / 2:53 pm

      Do your thing JM – that’s what makes a market right?

      Frankly….I don’t have a single short USD trade on – short of the “120 pip monster” GBP from a day ago.

      Ill’ take the cash here tonight, and continue on!

  4. robert November 13, 2013 / 10:46 am

    There goes the usd…now just lack a rising yen

  5. The Seeker November 13, 2013 / 2:13 pm

    John Gault or anyone who knows,

    I’ve decided to take your advice and take an initial position in Bitcoin. Do you have any advice for the best way to do it? I’m not that tech savvy and want something easy yet safe.

  6. robert November 13, 2013 / 2:52 pm

    Madness in equities… breakout in all sectors…

    • Forex Kong November 13, 2013 / 2:56 pm

      Good thing I’m not in equities yes. GBP trades killin it today wow.

      I can only point out / suggest so much in a given day….

      It looks like most people are “asleep at the wheel” if you ask me.

  7. JSkogs November 13, 2013 / 4:36 pm

    NZDUSD looks to be topping vs consolidating. I’ll take a small short sometime in the next 24 hrs. Other than that the USD trades are probably a little tough to get a good read on. Rather just add to Yen longs tonight and finally add to ES short tomorrow sometime. I think Yellen effed up the program today for sellers of the market. Oh well. Topping is slow and horribly painful.

    In other news THE FLY went 130% long today. He is sharp but gets caught up wayyyy too much in the momentum. I’m calling a FLY top as a friendly poke at him.

    On holiday down in sunny CA. There are many things wrong in the US…..but damn CA is pretty nice.

  8. Jennifer November 13, 2013 / 5:00 pm

    Nice alert Kong 🙂
    USD traded lower on Yellen’s dovish comments.

    • Forex Kong November 13, 2013 / 5:09 pm

      USD traded lower on the alert.

      Yellen and the markets just a little late I’d say…..

  9. illutionz November 14, 2013 / 7:20 am

    Nice call on that GBP/AUD long!!

    • Forex Kong November 14, 2013 / 7:33 am

      Wow….unreal trade no??

      I”ve taken profits ( all be it too early ) but will seriously be jumping all over GBP moving forward.

      • illutionz November 14, 2013 / 7:38 am

        Don’t forget to post your entry! I really love to cross reference your posts with my own analysis. I have a full time job so sometimes I don’t even have the time to check the technicals on these more exotic pair like GBP/AUD so your posts really helps me!

        Started doing this method few months ago and it’s been a 48% return since September 15th for me.

        Thanks again

        • Forex Kong November 14, 2013 / 8:01 am

          Im re entering now with super small order and a 200 pip stop – then leaving it til I either get stopped out or buy beach front in Xcalak.

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