You know I’d have to say that I’m pretty proud of myself.
A full ten days here in January and I’ve placed a couple of little “feeler traders” here and there, but for the most part haven’t made a single “move” of any real size / conviction. The investment environment has been volatile yet “directionless” as even today ( with the “even worse than expected data” out of the U.S – surprise , surprise there Kong ) we still find ourselves “hovering” around the same levels, with currencies taking people for big rides in both directions, and plenty of questions still hanging in the air.
I think you know where I stand.
The idea of “recovery” in the United States is ridiculous, the stock market is a complete and total fabrication, the idea of “tapering” sounds more ridiculous by the day, and I expect to see global growth “slowing” moving forward.
It’s “the timing” that will be key in order to keep pulling profits.
We’ve still not been given a clear signal as to “what’s gonna happen” when we see risk come off, or even if the Fed will “allow” risk appetite to wane as…….you wonder…at what level would the Fed immediately step back in to prop up markets? ( Gees….I’m already looking “that far ahead”.)
With continued concern as to “which way will USD go”? I remain focused on the “known/obvious” correlation between Japan’s Nikkei and the Yen ( trading inversely as expected ) as opposed to getting caught up in the confusion surrounding USD, and the next turn in markets.
I don’t want to get long USD – but I will if I have to.
I’ve over road signals produced by the Kongdicator these past few days as yes….signal fired “long JPY” on several other pairs other than just AUD/JPY, but I’ve approached this with caution, made a couple tweaks and have now “extended” the entry time “x factor” further away from the time signal is initally issued. So far that has kept me out of markets longer, but also out of “chop” a full 2 or 3 days longer so……an improvement in my eyes.