I’m bored. You’re bored too.
The summer grind is certainly “doing its thing” so a quick update on my trade activity will have you rolling your eyes. “Common Kong! – Give us something to trade man! You’re killing us here!”
Just stay short Gold and related names…..as the move hasn’t really even happened yet. Stay long USD as again…..these last few days / weeks have generally traded flat asa pancake but an intermediate decline in Gold ( and subsequent rally in USD ) is the only thing worth looking at here short/medium term.
I’ve added to my short play on MUX ( as a cheap gold short nothing more ) and am still holding short EUR/USD.
It’s boring as hell…but these trades will materialize in a more significant manner here shortly….all you have to do is be patient.
Forex_Kong_Bored
Hey Kong, what do you think of the NZD? I been shorting it against some currencies. It seemed to have reached deep retracements against EUR, GBP. Also its being rejected many times against the USD and JPY around these current levels.
Love your trade as….NZD is a risk related currency as is AUD.
These guys fall hard when risk comes off….and you are bang on the money.
Stay short Richard…..as NZD is bouncing around at levels of support but will soon fall through.
Excellent trade.
thanks Kong. I cant help doubting myself given the long extended wait on this. Especially with some aussie shorts which i gotten in really early.
So kong, where u think nzdusd will target in this next down move?
Richard I feel the same way- We should have a turn around soon or else I think the short USD play will be invalidated. If we breach 1.1313 on EUR/USD I think that trade would be finished.