Buy JPY – Don't Be A Complete Moron

If you are only  “half a moron” O.K fine…….you’re allright.

But if you envision yourself as “full moron” well…….that’s your thing.

COMPLETE MORON…..and now I’m looking to punch you in the knee, spit in your ear, and very likely kick you in the face – as you flounder around…….. reaching for your retainer ( and your Ibankcoin log in info ).

This is truly “complete moron”.

You buy JPY here ( meaning you “short” JPY related pairs such as AUD/JPY etc..) and you go boat shopping.

You dump your winning trades NOW, and you get to cash NOW….you book profits NOW…you go boat shopping NOW!

For forex people….duuhh…short AUD/JPY, NZD/JPY,USD/JPY and every other JPY pair under the planet.

Abe won’t be thrilled.






Biotech Already Showed You – GDP Dismal

The US Dollar has FINALLY broken below its previous daily cycle low to confirm the beginning of the long await “intermediate decline”.

A few days bounce may be in the cards, but what is most important to understand is that the cycle of higher highs and high lowers has finally come to an end –  with a “lower low” now in place.

Larger implications?

I assume gold, silver and the related mining companies are about to see  strong move upward, and it will be interesting to see if the price of oil related names move higher – in the face of a weaker U.S Dollar.

The ol adage to “sell in May and go away” looks to be taking hold this year, so I would caution you sleepy , passive , complacent traders and investors to consider “once again” to bank those profits here, as this extended topping process finally comes home to roost.

Short USD trades have performed wonderfully, and we’ve got the JPY related pairs on deck next.

CNBC has now moved to a shitty little office in San Francisco, because t’s all they can afford. Look for the network / channel to likely disappear from the airwaves late this year.

Yesterday’s “trade of the day” posted on Twitter was a smashing success, as will be today’s and the next days and the next….

The Fed has your back here this afternoon. U.S GDP craters lower “again” and the world is a happy shiny place “financially speaking”. Lol.

Keep drinkin the watered down, luke warm kool-aid here today. Ahh screw it….just go back to bed.







Getting Ready – Sell AUD/JPY at 95.50

Not today folks ( but you can see that risk is indeed being sold already).

I am planning for a fat trade Short AUD/JPY up around 95.50 over the next day er two.

What do you know? Apple earnings finally out-of-the-way, and could it be… seriously?

Market may “actually start to look interesting here again soon”!

I will be posting more short-term trades here in coming days and weeks, as I see the potential developing for some movement – Finally!

Teeter Totter….stocks can fall like water.





USD Shorts – Taking Profits Then Reloading

As per last week’s weekly report to members.

In the current environment these trades playing out over the past 7 – 10 days equate to “monsters” if you ask me.

Long GBP/USD back on like April 17 around 148.50 for 300 pips.



EUR/USD for a 100 pips



Markets are set to roll over here, so USD could go either way short term…a continued fall or small bounce before “continued fall lower”.

Biotech leading the charge – getting hammered today…

I’ll bank the cash….sit tight a day er two and reload across the board for continued and “larger gains” short USD and short RISK in general.



Picking Coca In Peru – Beats Following Markets

The hard cold truth.

There is very little “if any” money to be made on the long side. Period.

If you love “anguish and grief” then great. You can do your best to push though this “as a bull” but……you will likely wake up “morning after morning – for weeks on end” hoping to see a few extra pennies added to your account, only to find more shitty ads on CNBC, an empty sugar bowl, rats in your attic and a dull pain behind your eyes.

With a general view that we ultimately move “significantly lower”….this thing is doing “this” at best:



Who could be bothered?

Short of looking for some “big red candles” to follow – I could just as well have a completely  “alternate identity” picking coca leaves in the mountains of Peru as opposed to contemplating this.

Imagine it going sideways for “the next 4 months” and I think you get the picture.

Big red candles or bust folks…otherwise….you’re just wasting your time.




Up Then Down – Forex Markets Wobble

It’s my feeling that this continued sideways action is likely to persist into early May – giving us little “tradeable action” in any kind of medium term sense.

The following charts really don’t suggest any advantage “bullish or bearish” as these longer term “triangle patterns” continue to plod along to the ultimate point of confluence – when a solid direction will ultimately be seen.

It’s a real drag. It can’t be helped, but what is important is being able to identify it for what it is….and trading ( or not trading ) accordingly. I for one see no real advantage putting money at risk here…..until of course we see something solid unfold.

How long can this go on?

It can “and will” continue as long as the big boys continue to plan and plot positions, dragging in as much retail money as they possibly can before pulling the pin.

I’ve essentially given up trying to convince anyone that the best possible thing to do at this junction is to bank your profits, call it a “good run” and politely move to the sidelines – while the final stages of this “massive distribution at the top” plays out as….human beings will be human beings.

Greed generally being the driving force. I’ve learned enough over the years to appreciate that, there is very little “more” one can expect to milk from this thing on the long side of risk, and that it makes the most sense to just get yourself prepared and positioned for the next move lower so……..if you want to push it – feel free but so so with caution.



We can see that most anything “USD related” continues to grind sideways until this triangle finally resolves itself. Resolving lower in my view so……I don’t see any “edge” jumping into larger positions short of just letting it play out.

EUR/USD – nothing to really offer.



Looking at a weekly chart I’d be more inclined to watch GBP for a better risk vs reward.



With consideration for JPY related pairs…they look pretty ripe for short entries anywhere in here with AUD/JPY suggesting that “risk” could just as well turn lower any day.



I’m looking for another decent down day in risk, and an opportunity to get short the JPY related pairs here very soon, while waiting on USD realted pairs to finally show their hand.

I don’t have any interest in jumping into anything short of seeing something “solid” develop as far as trend goes.

This is not a trending environment regardless of the usual day to day bullshit media suggesting things are “always going higher”.

The big up day in DOW today was widely promoted as “a huge upswing in stocks” while most people have already forgotten Friday’s wipeout. Net net….its – 78 in my books over the past 2 days right?

Sheep will be sheep.

Small orders if tading at all. Waiting for a shoe to drop.





Dow Futures Down -225 – China Crashing

Chinese stock futures are now down almost 7% – the 2nd biggest drop in 7 years.

Down futures down -225 Completely erasing April before you even get out of bed, and get a chance to have a look.

You see what I’m saying here? This thing will not give you “half a chance” to get out with your skin intact if you don’t have the foresight to consider  “ringing the bell” and “taking some off the table” BEFORE IT HAPPENS.

You “powerbulls” can take one on the chin this morning – and you deserve it.

I don’t have alot to say these days, as you know where I stand on the global economy in general, and this puff ball/hot air balloon you call a market.

Looks like you’ve ignored the last two posts…..and the “50 points lower” is “- 250 points lower” before the days has even begun.

Good luck with that, I’m off shopping for a new boat.

Ring The Bell – I Marvel At The Greed

Are you dense?

Let me ask you…….What “will it take” for you to call your broker and ring the bell on your top 5 winners? That one account….the one that has performed “sooooo well” and is just sitting there “dripping with profit”.

What’s it gonna take? 5 points higher? 10 points higher?

How about 50 points lower? Ya……that’s what I figured. Sell on red – as retail will always do.

I remember a wise man telling me once “you buy low ( on red ) and you sell high ( on green ).

It’s simply amazing to me that retail investors continue to “define themselves” by doing the complete opposite so consistently that an entire industry ( the financial industry ) has grown to the mammoth that it is…..simply laying in wait.

Retail will do as retail will do. Make a change. Do something different today.

Bank “a few” of your winners and go for a nice long walk. You’ll feel good.

And you won’t miss a thing.

I remain short USD.

Take Some Off The Table – Just Do It!

With all that we do in our normal daily lives, inevitably there comes a time when things just don’t seem to “do it for us” – as they once did.

The music doesn’t flow, the words don’t come, the canvas sits blank – staring back at you like a long cold winter, and nothing really “does much” to get you up and out of bad…each and every day.

Your’e bored. Things haven’t changed.There is little news, and life just seems to be an endless string of events – repeating themselves day in and day out.

Well then get off your ass Bucko!

I’m bored stiff watching this bullshit market swing back n forth in “no man’s land” day after day, but what? You think that’s gonna get me down? Fat chance of that! It’s just a market for Christ’ sake!

Get up! Get going! Go find something “productive” to do with your time, and don’t let this thing get you down.

Its pretty obvious at this point, that the majority of traders and investors alike have now fallen asleep at the wheel. It sounds to me like most people are completely satisfied with the idea that “things will never go down” and have even become used to the idea that “things may not be going up” either.

People seem to have grown accustom now… this endless back n forth / stagnation of price, content to “hold” but with less and less expectation of much further return. Sounds complacent to me.

That sounds like a pretty good reason to take something off the table if you ask me. Profits are only profits once they are sitting in your account.

I’m taking my second entry on adding to USD shorts here this afternoon., with a final installment likely early next week for my last kick at the can before I go find something else to do too.

Life is too short to sit here watching this thing go nowhere.

Long Trades Sink – Kong Waits On Private Island

If you’ve heard me say it once – I’ve said it a million times. A strong U.S Dollar will not be tolerated, as it represents a “red-hot poker to the eye” of both the corporate American “and” The U.S Fed.

You can fire up with all the fancy economic bullshit you can rustle from the countless “pro risk/pro USD/pro economic recovery loser blogs” out there ( and I hope you do ) and it won’t make a stitch of difference.

This thing will be cut off at the knees as U.S earnings plummet to the depth of an ocean.

Lets just call it the “Sea of Recession”.

You’ve heard of it but have no f*^*king clue where it is…..perhaps try looking in your backyard.

Short USD trades are once again “up and running” as we prepare to snap up all those long trades – soon going overboard.

I’d take a look at U.S Equities as well and consider that when BOTH the U.S Dollar AND Stocks start dropping like a rock….the big boys will have already taken the life rafts to shore.

I’ll already be on my private island – scanning my beaches for washed up traders and radio shack suits.

Do you think New Yorker’s can even swim?

I doubt it.