It’s not a contest, but a serious question. Is anybody “else” making any money today?
I know. You’re petrified of coming to the “dark side”, as getting short “risk” is akin to casting spells and sacrificing small animals but hopefully…..something can still be learned from this. Markets behave very differently when the driving factor is “fear” and not “greed”. The moves are faster, the choices more difficult, but in most cases the rewards are also “unearthly”.
As suggested some days ago…indeed The U.S Dollar has hit the skids and the vast number of “risk averse” trades are well in profit. My plan was in effect last Tuesday.
A solid “Dow down -500 points” over coming days would have me back on a beach and shouldn’t even take “too big a bite” out of you Bulls so in all……everyone can win as long as you are on the right side of the trade at any given time.
The Japanese Yen ( JPY ) is up across the board with both AUD/JPY and NZD/JPY behaving as expected. USD/JPY continues lower, with EUR and GBP both making gains. It’s a full sweep here.
Even JNUG hanging in profit – however slight.
It’s more of a holistic approach, having these correlations burned into the back of skull like a cerebral tattoo. When one goes…..they all go. Even The Nikkei has broken support as foreseen many, many days ago.
How far we can go here is still anyone’s guess, as it’s not as much the “specific” levels I look at ( as I draw my lines of support and resistance with my Crayola crayon and not my laser beam ) but more so the combination of “price and time”.
Baring any significant news ( good news? – I highly doubt that ) I would expect to hang in here through the week, and likely book profits quickly in these times of continued Central Bank intervention, behind the curtains of shenanigans.
Forex_Kong_Future
AG is on the move today. The miners finally had a match lit under their ass!
Everything is looking great today as fear does make some sharp moves.
USD down = Miners up and ya AG as well as my lil JNUG – everything up up up with this really only the first down day in USD so….looks like we’ve got a nice one here!
xiv and svxy are the e ticket ride. oops, just dated myself…
Tis a wonderful thing…..this is what I’ve been looking for.
Let’s see if it has any legs as….these days – you need to grab those profits fast.
There is clearly “something up” as markets are all over the place. Me? seeing The Nikkei break support is generally a bad sign. Or in my case a good sign depending where you are positioned.
Stay on it…watch this like a hawk. I’d hope we get a full week’s move to the dark side.
$3 on svxy and $2 on xiv. 11 am eastern fade on vxx is reliable.
I bought some Calls: AAPL, ORCL and SPY.
And everybody wins! Timing timing……ORCL pullback here not looking that bad really.
And this is just the thing…..lots of trades out there for those of us who are nimble and not “married to a direction”.
Being right is great….being wrong is just as much a part of it. Key is to see the account rising over time.
Cheers Bryan – and good luck with your trades!
Sold JNUG at 7.23 this morning everyone.
Profits are small but “in and out” here the only way to trade these things as you can’t hold for too long while things trade flat.
Long Gold – Win
Short Nikkei – Win
Short Copper – Win
Nice works!
Wins abound here these days.
Glad to hear you’re doing well.
Look into that copper short Kong, there was a massive upswing in prices on the back of the Trump that won’t hold once the plan fails to materialise. She’s still about18% overvalued and with China’s liquidity excesses rolling off commodities should get smashed!
No not this time Kong i aint making jack got a 70pip move on eur/usd from a buy ay 580 cashed in but thats it..
Im not liking what im seeing right now something dont feel right enough to pull the trigger and trying to work it out with all the cage rattling from fed,trump and the war machine is almost impossible.
Eur/usd target for me is now 520/530ish by monnday/tuesday before i see any big move up, took the fake brake out to off load my early 580 buy.. just waiting and watching now.
Nice move on usd/jpy Kong
Keep slugging as it’s pretty rocky out there – no question of that.
I’ll book profits here across the board as USD/JPY now touching the 200 SMA from above so…likely time for a bounce.
Thanx Lee…keep on trucking.