forex trading

Is it any wonder I’ve had little to say as of late?

There finally comes a time where……you’ve seriously “had enough” and just can’t be bothered to explain / rationalize this nonsense.

The Fed “STILL” refuses to spit it out, talking this afternoon as if they are ( rolling on the floor laughing my ass off ) “achieving their goals” and that ( love this ) the U.S economy “continues to expand”.

Again…….laughing my fu$&kin ass off. “Expand”?

Perhaps the “balloned heads” of those on Wall St. and obviously the “waist lines” of the general American populus continue to expand ( a wonderful honor – deemed the “fattest nation” on the planet ) but……the economy???

Fudge.

You boys better get this war going soon as……..even Yellens acting coach is now re watching the tape with consideration that “shit! – we can’t get away with this again”.

Adding short SP 500 at 1940.

I’m pretty sure that markets will take the 3rd and final “zig/zag” of this correction on the Fed statement tomorrow afternoon.

The Fed must align with the “already downward sloping projections” of both the IMF as well World Bank “admitting” – global growth ( and along with it – U.S growth ) is firmly on the decline.

I expect this to kick off the last little leg down, before ( god knows for what reason other than Central Bank intervention ) markets make one last shot for the highs – completing the “projected market direction” from last weeks report.

Investors may want to consider the next month even, as the last and final stop / place to consider taking serious steps towards portfolio liquidation / protection and a complete “changing of the guard” if you will.

Holding stocks after this final push higher will have you sitting in loss for much longer than it could possibly be worth ( short of the piddly dividends ) tieing up dollars that could easily produce much better returns “actively traded” on the short side so……please be warned. Buy and hold will not survive here. Period. You’re a complete and total idiot holding stocks past Sept – and I will mark this post / welcome you to look back and quote me in fact…..I’m marking it, and will look back to tell you so….

Traders can take a shot at it ( as I will be ) catching the next turn higher and taking it for what it is – a trade.

I will quite likely just “stop and reverse” on EUR/USD, GBP/USD ( re-enter short ) and USD/CHF at the bottom of this correction, sell USD/JPY as well the SP short  – and leave the JPY’s flat / re-evaluate the commodity currencies as……I don’t really expect these to “rocket ship higher” based on a crummy “last-ditch effort” in equity markets.

In any case……watch for another leg lower here in risk on “Fed admission” of lower projected growth in the U.S – then prepare for a quick turn and “last-ditch effort” ( which could still run for weeks if not months ) before markets turn for good late Aug / early Sept.

For members – Real time trades to follow in your inbox. I’m holding all now and will likely add short SP 500 to average in “after Fed” tomorrow, with plans to blow out this trade a few days later.

Oh no……what do you know.

I’ve seen a handful of news articles ( ironically out of the U.S ) this morning suggesting that “The Fed” will likely “guide down” with respect’s to future outlook on U.S economic growth. He he he….you’ve got to love coming from my point of view. You’ve really gotta love it.

The Fed….now “changing the language” ( well…duh…as we all know global growth is set to “slow” ) to reflect concerns of “lower than expected growth” to follow.

Do you feel that you’ve been duped? Do you feel angry?

Can you imagine that after 5.5 years of essentially “robbing you of your savings” ( via 0% interest ) as well as”rapidly devaluing” your currency, providing “a big fat zero” to job creation and economic growth AND blowing an enormous bubble in the stock market……

You’ll now enter recession?

You’ve got your head buried so deep in the sand that you don’t even realize that “the recession” never left. Only a brief “5 year soaking” of the “mom’s n pop’s” to keep those Wall St banks afloat a while longer.

Well…..no that your savings are gone…..now that the “little bit extra you thought you had” for stock investing is gone…..now that your job is gone…shit….now that your wife and kids are gone we might as throw in the fact that your hair has likely “left the building as well”.

What the f#%k are you gonna do now?

Hey! It’s America! Let me guess??

Please don’t say “join the army”….please no……please don’t say that.

War! War! ( southern twang ) What we Americans need is a damn war!! Let’s go to  war dang it ! Mamma! Mamma! I wanna go to war!!

Fudge.

How many times do you need to see the same stupid Hollywood movie over and over,and over again?

Have you considered taking up arms against The Fed?

Some interesting macro factors have “suddenly” come into play over the past few days, but the question still remains – “does anything fundamental even matter to this market”?

Markets shrugged off the concerns in Ukraine, which in my opinion is very strange as “if anything” – the fighting / conflict / killing has only escalated! What started out as people throwing rocks in the street has now progressed to full on military assaults involving helicopters, fighter jets, tanks etc….

And now “suddenly” a good part of Iraq has been taken over! Practically overnight  ISIS, the brutal insurgent/terrorist group formerly known as al Qaeda in Iraq, has seized much of western and northern Iraq with eyes now set on Baghdad. Incredible.

If not under the complete and total control of Central Bankers news like this would / should normally have “ROCKED” markets but of course…..not these days as….these aren’t “our markets”. The distance between rationality / fundamentals and “absolute ridiculous manipulation” has never been greater.

Will either of these “new wars” put a crimp in global appetite for risk? Maybe we should throw in the World Bank’s recent “slashing” of global growth prospects as well. 2014 estimates slashed from 3.2% to 2.8% – with the U.S specifically cut from 2.8% to 2.1%.

Is that even considered growth?

Looking ahead…..this thing is a train wreck “slowly gathering speed”.

Those on the sidelines should actually consider themselves lucky.

You know….It’s pretty tough to teach someone to “grow a pair”.

There will always be that certain kind of person….afraid to stand to close to the edge, scared half to death of “doing something different”, completely freaked out about “most anything” that hasn’t already  been tried, tested and proven “safe”. A real “straight edge” if you know what I’m getting at. A real “puss-puss” in other terms. You know what I’m talking about? You know someone like this?

Imagine…….

What a complete and total bore.

What kills me, is when these kinds of people “somehow” stumble into the trading / investing / financial world with actual hopes of succeeding! Like they expect “for whatever reason” that the world will be kind to them and help them along. The complete and total misconception that “everything will be alright” and “if I just stay positive…everything is going to be fine”.

( sound of iratating buzzer going off on some ridiculous game show ) Beeeeegh!!

Wrong. You lose. Thanks for coming out. Please exit stage left, and don’t let the door smack your ass on the way out.

Puss- puss’s don’t win, and from what I’ve come to understand….there’s no changing them. Once a puss-puss “always” a puss puss.

This thing is a street fight. You’ve got to imagine yourself with a skull half bashed in “swinging for the fences” against 4 or 5 guys twice your size ( true story by the way ) lookin to make you go “bye bye” for good!

You need to fight! You need to grow a freakin pair!

I can show you what I’m doing……and I can tell you what I think. But it’s you and only you!…..that needs to push the buttons.

Faith is bullshit, and last time I looked – balls are real.

We’ve touched on this pair here a couple of times throughout the past year, as it falls under the category of “face ripper” in my books.

This thing can move “several hundred pips” in a given 24 hour period, and has the tendency to “literally” rip your face off if you don’t keep your eyes peeled.

Well….

If a person was “so inclined” to enter a trade right around now…oh I don’t know lets say “long GBP/AUD at 1.79 with a full 100 pips stop ( a single penny stop in forex terms) I glady welcome “the showers of thanks” to follow.

One needs to keep in mind …..you “could” get your face ripped off but…..

I think you’ll be ok….this time.