forex trading

The weekly charts in SP 500 and Dow now clearly broken.

We move lower here….like weeks lower…so don’t get caught buying dips!

We sell rips in this environment so what you are looking for are strong “daily closes” in order to find higher levels to continue to “add short on”.

Find “max green” intra day / week  to continue loading short.

Long JPY the biggest winner ( as you guys already know this! ) with Commods like AUD getting punched in the knee.

Looming buys in both EUR and GBP vs USD but likely not for a few days…..legging in as soon as this evening /  late afternoon tomorrow.

A fantastic start to the new year with equity markets in particular – showing their hands early.

Today looks fantastic as currency markets are essentially `giving us the day to catch up`….with little movement in USD itself – but OBVIOUS movement in JPY as risk sells off hard.

You guys know this…..this should look very straight forward at this point as the clear trade is still Long JPY vs Commods….as well short USD coming up here again soon.

These pairs are a given as risk falls off the cliff, while we get another full day ( or two more perhaps ) before USD rolls over and `those` pairs get added to the pile.

I wish it was more exciting at times too folks…however after a time…this just gets redundant.

We are going lower…..days lower…….weeks lower.

Forex_Kong_Face_Book

The Japanese Nikkei Index is down  nearly 3% ( -525 ) and it’s not even lunch time in Japan.

Care for a dynamite roll? Lol. Markets are imploding.

As suggested here countless times in the past…..just tune into to The Nikkei on Sunday nights for your early morning trade strategies there in the U.S. as it would be a very rare occasion that such destruction over seas doesn’t hit the shores of America come sunrise. When will you expand your circles of influence wide enough to truly get a grasp on this thing we call a “global economy”?

CNBC and the Wall St. Journal just won’t cut it girls.

I am making “sick money” long JPY since last week ( you could be too ……..but wait….the trade involved discussion/concepts of something “asian” so……its more than likely you “let nothing but patriotism stop you” ) – bleeeep! Red button. Some silly buzzer going off on some hilarious Japanese game show set – YOU LOSE Honky.

It’s a “global economy”! You seriously don’t believe it? How long can the television continue to guide you?

Now I’m not asking you to consider ducking out on your “trailer pad rental”, packing up Grandma and yer guns and moving to Canada ( at least Canada “admits” it’s in recession with back to back quarters of negative GDP growth now in the can ) – Juuuuust hoping to alert you to the stark realities of the current situation.

If you haven’t sold yet – you are not going to be the happiest camper moving forward.

Forex markets don’t give a rat’s ass about you, so if you can keep your eyes on the fundamentals and “not” on the tube. You’ll do fine.

Tomorrow morning the entire move with “have already happened” pre – market ( ya…actually it’s called Japan ) and the most likely scenario will see Western investors pile in short around 10:30 a.m thinking they’ve “scored a tip” here Sunday night.

Wall St. will then strip you clean ( ramping the thing into the late afternoon ) then sell hard into the close.

That…….or perhaps a fake alien invasion and an address from your leader.

I stand impartial ( this is my forex blog……..so you can imagine my thoughts on other “more interesting things” ) so take it with a grain of salt.

I trade to make money….I blog to help you.

Try your best not to get the lines crossed here k?