Risk Off Anyone? – So Obvious

Right around the time you finally believe things are headed South –  they bounce!

It’s too late to catch the wave lower that I’ve obviously been on for days.

You wait for a weak bounce in risk here….watching AUD/JPY which has now breached 85

https://forexkong.com/2017/03/16/audjpy-focus-on-risk-appetite/

We scoot down to lower time frames and plan to enter short – after the bounce completes.

american gorilla

2 Responses

  1. Lee M March 22, 2017 / 4:17 pm

    Your right to take profit looking at your entry but key resistance for usd/eur is 10855 and its hasnt even tried it yet so not to sure theres a bounce worth worrying about this trading week. As any trader i could be wrong and wont be shy to so if am.

    Like your work my man keep it up, not many out here that try to help people they dont even know and dont get paid for.. big respect!!

    A weekly closing above 10855 will point to a rally back to the 11000 area imo, main resistance after 10855 is 11030 and 11260

    • Forex Kong March 22, 2017 / 5:06 pm

      Karma ma man….all karma as – when I soon get “recycled” I plan on coming back as pure light.

      Thanks for the positive words and support. I really appreciate it as ya…it’s generally “thankless work”.

      I like taking profits, and NEVER worry about “what I may have missed” as there is always another trade.

      People hate hearing of “the down side” as this is somehow construed as “negative” but…..this is trading / making money – period. Anything more and it sounds like people lets their emotions creep in. We all know what generally happens then.

      Keep your eyes on the prize…keep trading the “math” and all is well.

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