EUR/USD Update – Kong Books Profits

I don’t leave money one table, and when looking at “the macro” hey – a trade is a trade “within” this framework.

I’m booking some 230 pips profit on a long and hard-fought battle/trade – long EUR/USD around 1.05

Markets suck and you know it. You think you’re right – but you’re wrong. I think I’m wrong and I’m right etc… This is no time to be a hotshot as the sky is cloudy, the water muddy, the day-to-day ( without question ) – unclear.

You need to be right “more times than you are wrong” – get it? If you are still searching for some kind of “krystal ball” here on the ol Internet well…..I advise you to stay tuned here, as well go visit your local psychic. This is likely as good as it gets.

Don’t get me wrong as I will never EVER apologize. If you go bet the farm with your piddly 2k trade account and choose to roll the dice – all power to you baby. Moving forward I will do the following:

Simply look to re – enter “short risk” when yet another grand opportunity arises..just around the corner.

Short USD, long EUR and JPY

Short AUD , NZD and CAD

Gold = hold.

Gold can kiss my ass……these long term trade ideas are exactly that. Long term. You don’t expect to get rich overnight but…..wait – Do you ever expect to get rich overnight?

Calm yourself newbies. Watch and learn. This is the big boys game.

Slow and steady wins the race.

Forex Kong Books Profits

               Forex Kong Books Profits

 

 

 

 

8 Responses

  1. tas March 21, 2017 / 7:57 am

    “You think you’re right – but you’re wrong. I think I’m wrong and I’m right etc…”
    Ha ha, good work …. Kept reading that..
    Awesome trade on the eur/usd, funny because i do watch bloomberg, i know i know very biased and alot of crap.
    You picked it when guys have been on for months about the euro crash, etc etc…
    I am sure they feed us the crap to send us the other way.
    Think about it, why would they give me the retail trader the pot of gold?
    If they did we would all watch bloomberg and make a decent living.

    Trading is hard, their is alot to learn. I am still learning each and every day. But i have found this years market so far quite strange and flat, with trump, brexit, france etc.
    But like you said one thing they have not mentioned is the debt ceiling. I have not heard it mentioned once.
    Only you and zero hedge have spoken about it.

    For the first time ever, the market cap of America’s “Big Four” banks topped $1 trillion having surged 30% since Donald Trump was elected president. While to some this is cause for celebration, we note that the last time a nation’s “big four” banks topped $1 trillion in market cap did not end well…
    That whats i saw on twitter…

    Like you said the down turn is coming just when not if…..

    • Forex Kong March 21, 2017 / 1:25 pm

      Absolutely Tas.

      The media is “the last place you want to look” with respect to what’s “really going on” as…..they just want you to keep your money with the brokers / banks! If there was ever a place for “fake news” – its the financial industry. Bravo! Your eyes are open!

      USD has taken a huuuuuuge hit here ( again this morning ) and the gold trade may actually be “back on” as well.

      I still expect a small bounce out of USD but as I’ve outlined yesterday – the trades in currencies are set to run. Just need to work on the timing, keep things small as you learn…and Boom! You got this man!

  2. matt mccall March 21, 2017 / 2:50 pm

    how do you see the EURO/USD if Grexit happens this summer and Le Pen wins

    • Forex Kong March 21, 2017 / 3:28 pm

      I don’t see a coorelation at all.

      EUR and USD are the most widely held reserves on Earth so….they move in 100% correlation pretty much.

      I expect USD to tank so…..EUR moves higher longer term regardless of Brexit

      • matt mccall March 21, 2017 / 3:42 pm

        Not Brexit, Grexit. And if they move in 100% correlatin how did we get to 1.08 from 1.59 a few years ago?

        • Forex Kong March 21, 2017 / 4:51 pm

          Have you not seen the huuuge run up in USD vs the huuuge fall in EUR?

  3. asd March 21, 2017 / 3:20 pm

    what a load of crap

    • Forex Kong March 21, 2017 / 3:29 pm

      What’s a load of crap?

      Your dumb url and email address? Bug off.

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