Kong Wins Again – Risk Trade Hits

Bang on the money.

I bought JNUG at 6.80 yesterday afternoon, as well shorted USD/JPY and AUD/JPY. I took long positions in both EUR/USD and GBP/USD first thing this morning.

How can anyone imagine the meeting of Trump and Chinas President Xi being anything less than a total disaster?

April 11th  I “believe” to be a full moon ( what you didn’t check your lunar cycles either? ) – I am very comfortable with these positions through the weekend and beyond.

It’s celebration time here so…..have a good one y’all.



10 Responses

  1. Lee M April 7, 2017 / 4:01 pm

    Still waiting for my triggers, going lite on the hole game to start with, waiting short eur/usd 580 and a far out at 530 because we all know forex hates people lol, even then 100pip SL.

    Sense tells me 615 should be the right buy but im guessing its gonna try and wong foot people and trap first.. As always i could be wrong.

  2. Lee M April 7, 2017 / 4:28 pm

    Sorry `waiting short` is not grate wording lol, i mean i still see more down thats all 🙂

  3. tas April 7, 2017 / 6:03 pm

    Mate been watching the euro for sometime now, wanted to trade it late in london session, but was nervous about the non farm payroll and unemployment.. Fuck woke up early this morning to see eur/usd crashed….
    Did you play that out with more the thought of the trump xi meeting or was it price?
    I guess theeq is always next time. 🙂
    Well done on the trades kong

  4. RIchard April 10, 2017 / 3:41 am

    Does friday night closing change your positioning?

    • Forex Kong April 10, 2017 / 2:32 pm

      Not YET! But its close!

  5. Peter April 10, 2017 / 3:08 pm

    Close to closing all ur current positions?

    • Forex Kong April 10, 2017 / 5:56 pm

      Just watching closely as USD is rinsing. I still expect it to roll over here but AM watching closely.

  6. RIchard April 10, 2017 / 4:30 pm

    im somewhat in similar trades with the USDJPY and the GBPUSD. also shorting the us market. record number of commerical shorts on the GBP and the US equity market gives me confidence on those trades. Problem is with the short term im wondering if there is some freaking weird reason for the USD to rise when the market collapses.

    • Forex Kong April 10, 2017 / 8:42 pm

      Impossible as……..USD and U.S Equities so closely correlated.

      Its YEN that has driven the rally…..so when stocks fall….USD is converted back to Yen ( so USD is essentially SOLD ) and JPY is BOUGHT.

      This is the way it is…..don’t let anyone convince you otherwise.

  7. RIchard April 11, 2017 / 6:23 am

    thanks kong. im so paranoid if theres a sudden breakdown in the current correlations. what you said made a lot of sense. now let us pray for this full moon manifestation.

Leave a Reply