2 Things To Watch – Earthly Trades Evolving

I don’t have a lot of time this morning but wanted to let you know…..

Gold is looking like a “top” as The U.S Dollar is “slowly” ( very slowly ) putting in a medium term bottom.

I tried to hit this trade a week er two ago…but the cycles are extended, and the trade treaded water too long for me to care/stick around. I dumped broke even…and spend the time out playing in the sand.

This is very much so “back on my radar” as….the big spike in gold and the continued pressure on USD is setting up for something “worth trading”.

Find some levels people. Look at a few longer term charts of gold, eur/usd and USD in general (weekly charts ) and you’ll see that we are very close to an area of resistance in gold, and support in USD.

Tell me you see it…..tell me you look at these longer term charts to find areas worth trading. If not….don’t tell me anything. You’ll get smoked in this environment solely looking at short-term action. Short term is “grind your account into dust” type action no?

On an aside….Aerospace entrepreneur Robert Bigelow just did an interview on 60 minutes, stating that he is “absolutely convinced of an ET / alien presence on Earth. That’s all there is to it.”

No shit sunshine….I’ve been here for 1000’s of years.

Trade setting up for Kong….just not today.

Forex_Kong_Future

                Forex_Kong_Future

 

8 Responses

  1. "M" June 5, 2017 / 7:46 pm

    Can’t take credit for this one, but adatherton’s potential eur/chf short halfway down on https://stocktwits.com/symbol/EURCHF looks like big potential ahead of euro data coming out later this week. also I’m short aud/usd ahead of the RBA action tomorrow

    • Forex Kong June 5, 2017 / 10:15 pm

      I don’t trade the pair as regardless of news / or EUR strength / weakness as a whole…often this thing just sits flat. They are too closely correlated / geographically “centric” for me, and the Swiss are very well known for intervention.

      Although…USD bottoming out / EUR falling “could” provide for a small win here..just not my style.

      You’ll get a bigger bang for your buck on the AUD/USD trade but I don’t think it has anything to do with RBA action. I suggest waiting for a confirmed bottom in USD – then hitting this one.

  2. David Kurzhal June 6, 2017 / 1:51 am

    At least Bigelow can see behind the curtain.

  3. tas June 6, 2017 / 10:22 am

    Hey Kong…
    Thanks for the info again mate, i did grab some pips on Gold and Usd/jpy but got out of gold due to the resistance hit.
    Mate i was wondering a random question with google ppc do you recommend their keyword tool or is there another you can recommend, as you far more advanced than me with ppc.
    I can message you off site if easier.
    thanks Kong

    • Forex Kong June 6, 2017 / 6:23 pm

      The google keyword too is great for general research and getting a few campaigns up and running – sure.

      I can certainly recommend one very crucial thing though…..do not use “broad match” keywords in your campaigns as Google will match your search to every single possible keyword combo it can. For example – if you are looking for traffic / clicks for “buy tea cups”

      use the phrase match “buy tea cups” and not just – buy tea cups or you will get clicks for 8 million things that have “any association” to tea cups.

      You can blow your entire marketing budget in a day or two if you use the recommended “broad match” keywords.

      • tas June 6, 2017 / 9:07 pm

        great kong thanks very much mate

        • Forex Kong June 6, 2017 / 10:23 pm

          Lemme know if you’ve got any more questions about it. I can go on for days.

  4. Brian G June 6, 2017 / 4:52 pm

    Looks like we’ve broken through quite a big trendline in gold…is space kong coming out? Do you we have liftoff?

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