Trading Patience – Summer Doldrums Almost Over

Anyone who hasn’t already learned their lesson “this summer” can simply file it away for next year. You’ve learned something right? You’ve learned that you just can’t “make” markets move…no matter how badly you are scratching to hit those buttons! Markets suck during the summer, and I don’t care what anyone else has to say about. I know. I continue to survive – picking my shots when most likely to see reward….staying out of trouble when volume is low.

Summer is no time for big moves / big trades or big expectations. Take it. Learn from it…and consider yourself a better trader.Done deal.

Looking ahead….as much as it pains me to admit it…..this thing continues to pull in retailers at an incredible clip, and has every likelihood of blowing expectations “TO THE UPSIDE”.

All the pieces are in place really….as I receive more and more inquiries from old friends across the planet asking me for investment assistance “scared shitless” that they’re gonna miss out – as their broker just called with another hot deal.

All the makings of one incredible “blow off top / blast for the stars rip” as the last of the retail gang get’s off the couch with their 2k nest eggs. Sad in a sense as……these poor folk are very often buying the top and unable to act quickly enough to book profits before the fall. Seeing it s many times in the past…’s a cycle and it ALWAYS repeats.

I got bumped ( obviously ) on the last lil trade with The U.S Dollar ‘s continued fall. Certainly didn’t expect another daily cycle down, but that should be the last before both USD and U.S Stocks pop to the upside.

Charts? I got nothin……short of wishing I could chart my continued boredom / lack of participation vs some idiot out there pushing buttons all summer. Profits dick-head? I think not.

I will plow you in the face – the next dumb ass giving me a hard time in the comments section believe me. I’ve gotten on planes to “make things right” for a lot less.

Cool your jets kiddies….I’m back, and will be lighting it up again here shortly.






9 Responses

  1. AncientEvil July 18, 2017 / 9:50 pm


    good to hear you’re ready to get back and hopefully we’ll get meaningful action all across the board soon.
    I’m not really an FX trader, but it seems despite the relative calm and endless bid/low volatility environment, some currencies seem to have moved quite a bit in the last couple of sessions/weeks. Correct me if I’m wrong…
    Just patiently waiting for it to spill over to equities too.. then put the proverbial knife in between my teeth and look for beefy opportunities…

    • Forex Kong July 18, 2017 / 11:10 pm

      I like your lingo and monicor man…very cool.

      You bet currencies have moved but nothing “meaningful in my view” short of the all too expected huge slide in USD!

      We know I am an eternal USD bear – regardless of my continued expectation for a significant bounce. Regardless…..keep that knife poised. This will “once again” do what it always does…..once we’ve reached this level of exuberance.

      The biggest question for those who are nimble / not greedy – when do you just jump off the merry go round? He he he….I did in May….and will take “pot shots” from here on out.

  2. Fernando July 18, 2017 / 9:59 pm

    So Kong would you think it would be a good idea to short the sp500 at say close to 2500 and what do you think might be the trigger for the next bear market

    • Forex Kong July 18, 2017 / 11:06 pm

      Absolutely not!

      There are no levels at this point….as it’s already well past “lunacy”.

      This is pure retail / cyclical market dynamics as the big push could just as easily go into the late fall! Pick no levels…at this point everything makes sense yet….nothing makes sense. You will only survive if you fully understand the gamble you take buying at these levels and “marrying some investment ” thinking you’ve got years of profits to follow.

      You will be crushed buying at the top ( even if it takes months ) you will slip into complacency and get killed.

  3. tanlimin July 19, 2017 / 5:09 am

    kong… you are hilarious.. interesting blog on every investment topic..

  4. Chris July 19, 2017 / 9:26 am

    To be truthful you need the criticism.. you offer advise to people.. and you are referring to us as kiddies.
    Not all of your followers a children

    ahhh.. the pen is mightier than the sword… and the mouth rules. be careful what you say….

  5. Chris July 19, 2017 / 9:48 am

    Yes it is very hard to find tops and bottoms in any market.. but we keep looking.. never know!
    y the way Kong.. about 10 days ago I severely dislocated my middle finger… and it still sucks

    • Forex Kong July 19, 2017 / 1:28 pm

      He he he…..Chris you nut.

      I try my best to chase the “kiddies” away….please don’t take it personally!

      The vast majority of my followers are certainly NOT kiddies, but when the odd one “steps on my lawn”…..gotta lay down the law.

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