Shorting all…….so long JPY vs everything under the sun as risk appetite comes off.
malenJanuary 30, 2017 / 10:30 pm
Hello “Kong” 🙂 thanks for the brief post …i do not trade US stocks ..would like to though but do not have this type of account.However I would be very interested to see why you “re buy” this stock after selling it days ago, i assume you ‘ve bought it back on a dip / as it retraced and found consolidation/ support ? ..in other words , i would be interested to get a visual illustration if possible and if no trouble to you ?
Another question, i’ve just found out about the “subscribers’ part” . Is this a “technical + fundamental analysis ” newsletter / section or do you also trade live with traders/ subscribers?
thank you for your posts.
Forex KongJanuary 30, 2017 / 11:23 pm
When I get into trades based on longer term time frames……I can then move down to lower time frames and “actively trade”
I have bought and sold gold/silver names repeatedly over the past few weeks as I am actively trading on smaller time frames. Yes selling highs….yes re buyin dips.
I use “The Kongdicator” which will be ready for commercial use here very shortly.
Mats BergquistJanuary 31, 2017 / 3:10 pm
Hi Kong,
when is it time to rebuy silver again?
Forex KongJanuary 31, 2017 / 5:12 pm
now…but you might have a tough time entering with the massive “gap up” we’ve seen overnight.
I generally buy in the late afternoon…so perhaps wait out today/tomorrow and “hope” for pullback but….
Fear is in the air……and fear means gold/silver move significantly higher.
Lyon OrtegaJanuary 31, 2017 / 4:48 pm
Spot on with the NUGT call! U nailed it
Forex KongJanuary 31, 2017 / 5:14 pm
Thnx Lyon.
Literally…right to the penny on this one..I bought late afternoon yesterday at 10.10 and wake up 9% in profit.
Don’t we wish every entry was like this? Dream on fellow traders…..dream on.
Power CorruptsFebruary 2, 2017 / 3:44 pm
I wasn’t as bold as you, preferring to wait to see if GDXJ could clear its congestion zone and validate it as absorption, which it did this morning. So I just entered a JNUG trade. The P&F price target is ~16.50 which is +66% and my risk is -12% so 5x… I’d rather be in at your level, though!
Forex KongFebruary 2, 2017 / 4:06 pm
Practice makes perfect Power Corrupts….I’m sure you know.
We get it right “some of the time” and take our lumps on a few as well. What I find makes things easier is identifying longer term / macro shifts, to frame larger scale trade strategy…then popping down to lower time frames and hitting it technically / actively trade.
A nice lil combination of both has had these gold trades pay out pretty well. Good luck to you man.
Forex KongFebruary 2, 2017 / 5:46 pm
P & F at 16.50? Wow …….I could never allow a crazy number like that to influence my trade decisions.
16.50 could take years!
I stick with the price action…identifying areas of support and resistance on smaller / shorter time fame charts – once a trend has been established.
I can’t look much past JNUG 12 – 12.50 area..and even at that..we will see a larger scale correction first so…..be safe man! Don’t let a trade turn into a bad investment!
Power CorruptsFebruary 2, 2017 / 7:29 pm
Right, P&F is just an indication of ‘a’ possible outcome. I use an entry stop and adjust it dynamically if trade goes in the direction I am betting. That said, I am betting that GDXJ is breaking out from its congestion area on the (daily) chart from January 5 and a new uptrend is just beginning. I could be wrong and anything can happen. Thanks for your comments!
Forex KongFebruary 2, 2017 / 8:21 pm
USD very likely putting in a final daily cycle low and set to bounce.
As much as I looooove miners moving forward….I plan to wait ( with profits in hand now a third time ) 4-6 days before I get another entry.
Hey…I could be wrong too – but this is trading right? I like keeping things extremely nimble here as uncertainty continues to creep in.
What about yen pairs?
Shorting all…….so long JPY vs everything under the sun as risk appetite comes off.
Hello “Kong” 🙂 thanks for the brief post …i do not trade US stocks ..would like to though but do not have this type of account.However I would be very interested to see why you “re buy” this stock after selling it days ago, i assume you ‘ve bought it back on a dip / as it retraced and found consolidation/ support ? ..in other words , i would be interested to get a visual illustration if possible and if no trouble to you ?
Another question, i’ve just found out about the “subscribers’ part” . Is this a “technical + fundamental analysis ” newsletter / section or do you also trade live with traders/ subscribers?
thank you for your posts.
When I get into trades based on longer term time frames……I can then move down to lower time frames and “actively trade”
I have bought and sold gold/silver names repeatedly over the past few weeks as I am actively trading on smaller time frames. Yes selling highs….yes re buyin dips.
I use “The Kongdicator” which will be ready for commercial use here very shortly.
Hi Kong,
when is it time to rebuy silver again?
now…but you might have a tough time entering with the massive “gap up” we’ve seen overnight.
I generally buy in the late afternoon…so perhaps wait out today/tomorrow and “hope” for pullback but….
Fear is in the air……and fear means gold/silver move significantly higher.
Spot on with the NUGT call! U nailed it
Thnx Lyon.
Literally…right to the penny on this one..I bought late afternoon yesterday at 10.10 and wake up 9% in profit.
Don’t we wish every entry was like this? Dream on fellow traders…..dream on.
I wasn’t as bold as you, preferring to wait to see if GDXJ could clear its congestion zone and validate it as absorption, which it did this morning. So I just entered a JNUG trade. The P&F price target is ~16.50 which is +66% and my risk is -12% so 5x… I’d rather be in at your level, though!
Practice makes perfect Power Corrupts….I’m sure you know.
We get it right “some of the time” and take our lumps on a few as well. What I find makes things easier is identifying longer term / macro shifts, to frame larger scale trade strategy…then popping down to lower time frames and hitting it technically / actively trade.
A nice lil combination of both has had these gold trades pay out pretty well. Good luck to you man.
P & F at 16.50? Wow …….I could never allow a crazy number like that to influence my trade decisions.
16.50 could take years!
I stick with the price action…identifying areas of support and resistance on smaller / shorter time fame charts – once a trend has been established.
I can’t look much past JNUG 12 – 12.50 area..and even at that..we will see a larger scale correction first so…..be safe man! Don’t let a trade turn into a bad investment!
Right, P&F is just an indication of ‘a’ possible outcome. I use an entry stop and adjust it dynamically if trade goes in the direction I am betting. That said, I am betting that GDXJ is breaking out from its congestion area on the (daily) chart from January 5 and a new uptrend is just beginning. I could be wrong and anything can happen. Thanks for your comments!
USD very likely putting in a final daily cycle low and set to bounce.
As much as I looooove miners moving forward….I plan to wait ( with profits in hand now a third time ) 4-6 days before I get another entry.
Hey…I could be wrong too – but this is trading right? I like keeping things extremely nimble here as uncertainty continues to creep in.