forex trading

Even if you are still holding long now ( which is ridiculous by any stretch of the imagination ) it may not be too late.

Get ready for the dump.

Volatility has had equity markets trade up and down over the past week, and currency markets have remained flat.

I assume that will end today.

You won’t survive the next leg down, and if you’re not short USD ( as well long JPY against the planet ) you are clearly on the wrong side of the trade.

But what else is new right?  Retail will be retail.

This afternoon I plan to eat copious amounts of over priced Canadian sushi, while sipping vats of the finest sake Japan has to offer.

Come late October………… you can ask me how fat I am.

Get out. Get short. Get bent.

Have it your way.

Forex_Kong_Face_Book

It’s taken you a long time.

You’ve looked at Forex before, but continue to take the “easy road” with trade in ETF’s and faith in your “television Shepard” ( making you “living room sheep” ). I’ve said it a thousand time before………they will never ring the bell when it’s “time to sell”. Never.

Your broker never calls when it’s time to get out. These people disappear into the woodwork ( like the tiny pests they are )  right around the time you likely need them most.

This is the way it works. The entire year of 2015 wiped from the map in a matter of days……and you didn’t get the call. No email. No smoke signal. No coded message. Zip. Nada. Zero.

And then…..on top of this…..you reach for the phone “begging” for advice as to “WTF do I do??” “My savings are lost!” “Our nest egg is gone!” “Please tell me…..what do I do now?”

You call your broker??

Wack man…..that is wacked.

Forex markets saw this coming from miles away, as we observe a “global economy” now ( in case you hadn’t noticed over the past 25 years ). Currencies will ALWAYS lead….as you need to figure out “money” before you use it to buy stocks ( Duh! ).

It’s really quite simple.

You just need to get the larger. broad strokes under your belt. Come to understand which currencies move in which direction when global appetite for risk is “on or off”. There’s really only 5 or 6 that even matter…as the entire market then moves in tandem with movements in these.

You also learn patience – as Forex moves at a snail’s pace. Eezy Peezy.

If you want to participate in a stock market that is currently swinging some 700 points – all power too you. You are clearly trading in “panic mode”.

Me? I’m about 1300 points in the green over night…as it’s pretty straight forward.

Forex markets LEAD.

If you are currently “reeling” in the wake of U.S stock market devistation….clearly you didn’t sell – when selling was the way to go.

Fair enough.

You watch T.V, you trust the talking heads ( cuz you have absolutely no clue otherwise ) and you firmly believe that “everything is gonna be fine”. Likely a little late now….you choose to hold, and watch your paper profits evaporate to the degree that you are finally getting motived to “take what little you have” – and hit the road.

You fucked up. You know it….you feel like shit and look in the mirror to recognize yourself as the greedy little pig you are. You greedy little pig.

You just got smoked.

But hey…..think positive…there’s still hope as..the wheel keeps turning, and if you’ve still got a penny or two left to your name – you can still get ready for “the next big trade”.

Let’s talk commodities.

Assume that the big corps/banks  have now taken every last penny from the average “at home investor” and are looking for the next big opportunity. They’ve been selling you stocks “at the highs” for the better part of 2015…and are now dumping so fast….you’ve got absolutely no chance of survival. Stock prices “are not” indication of economic stability/growth…but simply a mechanism to transfer your money to the big boys on Wall St.

Mission accomplished.

So……

Now….dripping with cash….where will these big companies look to put their money? Where can they “buy on the cheap” in order to fill the coffers….and in turn…spin the wheel again?

Think about it.

You still need to eat. You still need to buy toilet paper ( no matter how poor you get ). You still need to put clothes on your children’s back, and you will continue to live beyond your means…until you ultimately live in a cardboard box behind the local Taco Bell ( all be it with the newest Iphone 9 in your pocket ). You still need to buy shit…and they still need to sell it to you.

Hmmmm………

They will be buying commodities you dumb ass!

Yes! All the things they still need to sell you ( you can’t build an Iphone without silver/copper right?) are currently on sale!

No matter how bad things get…..the big boys still need to take their shot at “producing” the silly gadgets you hold so close to your heart, as they still need to sell them to you!

You’ve taken the hit…and have filled their bank accounts. Now……they use your money to buy the shit they need ( at the absolute lowest of lows ie…..oil/gold/silver/ag ) only to sell it right back to you once the wheel turns again!

You can’t afford to keep trading like this.

You need to get this flipped around, and trade “with” them – not against.

Commodities are gonna FLY! ( not tomorrow ass face…..) Think about it.

It’s a big wheel……and it takes time. I only encourage you to do your best…..

To GTF off it!

Looking back at the last time I bothered to post ( August 1oth ):

It looks as though we are back on track for another short entry in risk, as both The SP 500 as well $USD are signalling – downside ahead. You don’t see it? How about 2095 as a good place to start?

I’m looking for today’s high in “both” as a level to look at “getting short” – again.

The huge profits are irrelevant.

It’s the psychology that counts.

I tuned into “Mad Money” here this afternoon “on purpose” just to get a bead on what the current pitch/slant is there in America. Apparently…… China is “playing games” and the best recommendation is to sit tight/hold and look to “buy more” of the completely bloated / bullshit / worthless / buyback stuffed stocks you all hold so dear as…….

It’s just “China playing games”.

Cough/Choke/Sputter………….you’ve got to  be kidding me.

Back when America was the benchmark for “global economic growth” ( not of my generation ) one might consider this a possibility but..lets be frank….

As China goes……so goes its little bitch.

America has been a “product” of China since I was a teen….just that the T.V didn’t let you know.

You sold out back in the 80’s when American CEO’s were commended” for the brilliant outsourcing of manufacturing to the far east.

You killed manufacturing. You shot yourself in the face.

If you buy this market now…….I will shoot you in the face.

China is the leader now. Get over it.

Get smart. If you’d of pulled up a chart of the Chinese stock market some weeks ago…..you’d be drinking the world’s finest tequilla too. Too bad you’re out back your grandmas trailer – sniffing glue.

China is NOT playing games…..they are tanking cuz the global economy is tanking.

F**k you Jim Cramer.