USD Waterfall – We All Knew This Was Coming

At this point, having taken a lump er two holding a couple of USD longs, it’s an easy “stop and reverse” for a decent trade in the opposite direction.

We’re pretty much looking at the long anticipated “USD waterfall” here as of yesterday, and you’d not want to get stuck on the wrong side of that.

Pure play – a simple long both GBP/USD as well EUR/USD.

Otherwise, some great comments and ideas on AUD here overnight ( thank you everyone who’s contributed ).

As counter intuitive as it may seem I’m easy holding / adding short AUD while holding these two “new trades” for a shorter term rip. It doesn’t “appear” AUD has got much life left in her anyway.

USD looking to take out lows from October….and then some. Easiest play – long EUR and GBP.


10 Responses

  1. Careydina March 7, 2014 / 7:05 am

    Kong, so u think usd will continue to fall?

    • Forex Kong March 7, 2014 / 7:15 am

      Yes….quite aggressively here….heading for lows of last Oct, taking out those lows and likely falling further.

      It’s time yes.

      • Careydina March 7, 2014 / 7:18 am

        I should have close my nzd/usd and gbp/usd…

        • Forex Kong March 7, 2014 / 7:24 am

          NZD/USD looks to be “near topping” but GBP has a ways to go yes.

      • Careydina March 7, 2014 / 8:19 am

        Tuesday has important announcement from the US. USD might get bounce again. Find a good level to close my gbp/usd. Thanks kong! Aud/jpy was crazy to shoot 50 pips up just now.

        • Forex Kong March 7, 2014 / 8:27 am

          Need to ba calm here as short AUD/JPY is essentially a “bearish play” while the algos/machines etc all just keep buying so…..

          When will it pay off? How long might we be sitting here day after day subject to this “meaningless data” and sham of a market?

          Can’t be “much” longer.

      • Careydina March 7, 2014 / 10:18 am

        Predicted usd will do better in next week. Latest by tuesday (confidence).

        Hehe… good luck!!!

        • Forex Kong March 7, 2014 / 11:12 am

          I don’t think so Carey….

          USD is heading for the basement and in all…..looking out further….perhaps “May” when they say “sell in May and go away” may line up for a larger bottom and counter trend move in USD.

          That’s my thinking at least….please be careful.

      • Franky March 7, 2014 / 12:33 pm

        What about USD/CHF? Not a good buy at these lows?

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