Go Learn Something – Expand Your Arsenal

An old high school girlfriend of mine had a grandpa. This guy was sharp as a tack.You just knew it the second you met him. Words rolled off his tongue, math was a joke. He could sing / play the piano and was outright hilarious on almost every occasion that we met.

You know what he owed it to? His secret? His “super power”?

Cross word puzzles. Yup……good old run of the mill crossword puzzles.

Find Something Else To Do

When you’ve got a trade environment such as this ( struggling to move higher, yet refusing to go down ) go find something to learn! You’ve got the time! The charts / stocks and currencies aren’t going anywhere. Everything will “be there” when you get back.

Japanese candle sticks for one…..go study Elliot Wave Theory. Take a crack at Gann’s Studies or “get wild” and go have a look at Lunar Trading and the connections with human sentiment. Pull up some charts and start throwing new indicators on them / evaluate what they can or can’t do for your trading. Go read a report…..or pick up a musical instrument for Petes sake! Do something else!

This stuff will drive you bat sh#t crazy if you let it. Trust me…..I know. I have trouble sitting in a room with an overhead fan ( as I tend to look for cycles / counts in the rotation) and god help me if there might be a tap dripping, or a dishwasher running at the same time. I start pitting the rhythms against each other looking for patterns etc….its nuts.

Sitting on the sidelines is healthy as….I do far more “observing” than I actually do trading these days – and it pays off big time.

Get away from the computer more, and you will see your trading improve – I guarantee it.

 

Buyers Of Stocks – Now Is Your Time

I too will be taking part….but of course – in my own “creative way”. Even at that “very cautiously”.

The U.S Dollar as well U.S Equities will now put in the long-awaited “swing low” ( if you don’t know what that is yet….please research swing trading ) so for those of you interested in pressing the long side in stocks –  now would be your time. I have no individual stock suggestions as the vast majority are so ridiculously bloated, with valuations that ( to me at least ) make very little sense but….you can’t knock “retail euphoria”.

The larger question at hand begs….

Will the next leg in “risk” reach for higher highs before hitting the skids? Or……will we fall short / put in a “lower high” and roll on over for the larger scale “plunge” expected in coming months?

The current geo-political landscape isn’t exactly what I would call “stable” but how many times has that been the case where U.S Equities simply shrug it off…and the funny money just keeps flowing.

I’m immune to earthly headline / media disease and rely only on my “inter-dimensional time shifting machine” to guide me. I see retail money……must get retail money…must have MORE RETAIL MONEY! So……there it is in a nutshell.

Buyers beware. Stay tight. Remain vigilant. But feel free to jump out on the playing field and take a kick at the can.

What’s the worst that can happen?

Kong Strong

                               Kong Strong

 

Kong Sells NUGT – 9.86- 100% In Cash

The 3x leveraged  ETF’s have just not performed during this last waterfall in USD so I’m booking out of NUGT here at 9.86

The way things are setting up we will get another fantastic buying opportunity once The U.S Dollar gets its inevitable bounce out-of-the-way here in the next few days. Once USD puts in a daily cycle low….we can really only expect about 6-8 days UP before she rolls over for another devastating leg down.

I am sitting 100% cash as of this moment. Not a single penny on the table.

Can you imagine how good that feels?

 

Forex_Kong_Photo

       Forex_Kong_In_Cash

USD And Gold Update – Big Trades On Deck

Ugly in Japan right now ( Nikkei now down -323 ) ….so you can likely look for a pretty tough open there in ‘Merica tomorrow morning. Yes that’s right…..Japan’s stock market opens while most of you are still “drinkin buds ‘n throwin horseshoes” out back yer mamma’s trailer. Sunday night baby!

Sunday night is when “we” start putting in the work.

The U.S Dollar continues to get absolutely demolished on the back of Trump’s “healthcare beat down”. You get it right? Markets are recognizing very quickly that poor Mr. Trump isn’t gonna get jack shit done in Washington ( as this was his first real attempt ) and that future tax cuts / infrastructure spending and all the other horse shit promised ( no fault to the Donald on that though…. ) will inevitably fail. Not gonna happen. Impossible. So…….

QE5 is coming to America. Sooner than you think, and it doesn’t have a single thing to do with “who” sits at the helm.

USD and “risk trade” works like this:

The U.S Dollar is incredibly late putting in a “daily cycle low” and will likely do so very soon. Not to say we don’t get further “waterfall action” first but….I’m actually more interested in “the next leg down”.

USD Failed Daily Cycle

                                                                                                USD Failed Daily Cycle

Now that we have what we called a “failed daily cycle” we can count on the next one doing the same ( as suggested months ago ) so……you wait for a daily swing low – then max 6-8 days bounce ( in this case likely less ) for re – entry on the next full daily cycle expecting it to go EVEN LOWER.

This will coincide with all the same currency correlations I’ve hammered you with for years now, so keep your eye on JPY as well EUR and AUD for some “massive trades” coming soon.

Gold is…..well gold so……fear = gold up and we’ve got “just a wee bit of that” going on now no?

 

 

 

 

 

Healthcare Bill To Stall – Market Tumble Continues

By Megan Davies and Rodrigo Campos

NEW YORK (Reuters) – The Trump Trade could start looking more like a Trump Tantrum if the new U.S. administration’s healthcare bill stalls in Congress, prompting worries on Wall Street about tax cuts and other measures aimed at promoting economic growth.

Investors are dialing back hopes that U.S. President Donald Trump will swiftly enact his agenda, with a Thursday vote on a healthcare bill a litmus test which could give stock investors another reason to sell.

“If the vote doesn’t pass, or is postponed, it will cast a lot of doubt on the Trump trades,” said the influential bond investor Jeffrey Gundlach, chief executive at DoubleLine Capital.

U.S. stocks rallied after the November presidential election, with the S&P 500 posting a string of record highs up to earlier this month, on bets that the pro-growth Trump agenda would be quickly pushed by a Republican Party with majorities in both chambers of Congress.

 

Investors extrapolated that a stalling bill could mean uphill battles for other Trump proposals. Trump and Republican congressional leaders appeared to be losing the battle to get enough support to pass it.

Any hint of further trouble for Trump’s agenda, especially his proposed tax cut, could precipitate a stock market correction, said Byron Wien, veteran investor and vice chairman of Blackstone (NYSE:BX) Advisory Partners.

I expect markets to continue lower well into next week, as those who’ve not yet sold “freak out” at the last minute…then sell into the waterfall. Sound familiar? Stocks will bounce sure…so if you are holding now…you likely lose a few nights sleep but “its too late to sell now”. 

How many days / weeks ago did I suggest to “raise cash” and look for another great entry opportunity?

Read the rest here.

التداول عبر الانترنت مع Trade 360

arabic-trade-360

طريقة ذكية لتجارة الفوركس

انضم إلينا اليوم.

قم بالايداع الان واحصل على ما يصل الى 5000$ استرداد للنقود!

 

مع Trade360 ستحصل على:

  • تصل إلى 1: 400 النفوذ
  • التداول بنقرة واحدة
  • أكثر من 200 أصول قابلة للتداول
  • تداول الأصول المفضلة لديك على تطبيقات الجوال الخاص بك (على حد سواء دائرة الرقابة الداخلية والروبوت)
  • الدعم التعليمي لكل مستوى الحساب
  • الحرة الحشد مجاني إشارات تجارة الأعلاف
  • دعم على مدار 24 ساعة عبر الدردشة، ماذا التطبيقات، والهاتف، والبريد الإلكتروني

تلقي استرداد النقود على كل التجارة التي تقوم بها

سيكون لديك مدير حساب مخصص لمساعدتك

 التجارة بثقة مع وسيط تداول منظم وآمن تماما

Features

Trade360 is especially noted for its innovative crowd trading platform that is based on research indicating that group behavior patterns can reveal market trends before they appear as exchange rates or prices in the market. The proprietary trading tools employed by Trade360 measure how market sentiment changes in relation to other market indicators. This can result in an above average forecast of future market trends. While the company does not yet provide trading advice, their indicators and signals can be used in making trading decisions.

قم بالايداع الان واحصل على ما يصل الى 5000$ استرداد للنقود!

Through the company’s proprietary CrowdTrading platform, traders can choose from a wide variety of tradable assets. The unique interface offers live data feeds of crowd activity that provide traders interested in the behavior of crowds, with a basis upon which to make a trading decision.

Trade360 has a minimum deposit amount of $100.00 to open a standard live trading account. If a trader is interested in opening a demo account, then Trade360 is currently offering a promotion using a practice account with $10,000 in virtual money. The company also awards the new trader with $10 for opening a position, $20 for closing the position, and $30 if the trader has made a profit of more than $30 on the trade, which makes the bonus worth $60.

“The entire concept of CrowdTrading is to show the aggregated actions of masses of traders, but not only what asset they are trading on and whether they buy or sell it,”

“CrowdTrading shows all of that, but also changes in Volatility, in trends of asset directions, in volume traded, in speed of quote fluctuations and many other factors that can help a trader make an informed decision.”

The web platform works off a single browser screen showing a feed of trading ideas and selected instruments with a small chart, rates, spread, margin and the buy/sell sentiment in one box. Clicking on the small chart opens a separate window with a larger chart and clicking on the feed loads a tab to take action on the instrument. Other aspects of the platform, such as a competition leaderboard, are available from tabs on the screen.

The firm reiterates the “revolution” it is aiming to deliver in the way online brokers approach newbie traders: “The collaborative work of our developers, data specialist and financial experts that created CrowdTrading is going to make the learning curve of a new trader much simpler and the decision making process so much easier and intuitive.” Trade360 says that several new features to be released in the near future will foster traders’ decision making process.

Trade360 offers clients their own proprietary crowd trading platform called CrowdTrader. This platform gives clients access to a number of custom built tools that traders find particularly useful. The CrowdTrader platform does not require a download and can be accessed through any current web browser and operating system. Also, a mobile application for the software is available to run on Android mobile devices, and an iOS version is offered for use on Apple iPhones, iPods and iPads.

قم بالايداع الان واحصل على ما يصل الى 5000$ استرداد للنقود!

One of the advantages of using the CrowdTrader platform includes getting alerts that allow the trader to keep ahead of possible market trend developments. The system also detects trend reversals in a timely fashion that become evident as crowd sentiment shifts.

A favorite CrowdTrader feature is that it allows the trader to monitor the market through a live feed, showing market trends taking place and changing in real time. This feature gives the trader an edge since they can monitor the so-called “wisdom of the crowd”. Conversely, if the trader uses a contrarian system, they can detect the “lack of wisdom of the crowd”.

With the CrowdTrader platform, the trader can place trades and monitor position in hundreds of different trading instruments, which include major currency pairs, indexes, commodities, stock and CFDs. Trader’s funds and transactions are secured by 128-bit SSL encryption technology.

Deposits and Withdrawals

Trade360 only requires a minimum $100 deposit. In addition to the beginner’s “practice trading” account mentioned previously, the broker offers money back on every trade made with the initial $100 deposit.  The higher the initial deposit, the more Cashback Trade360 will pay out. Trade360 accepts credit card deposits made with Visa, MasterCard, Maestro, JCB, DinersClub and American Express. In addition, you can use bank wire transfers, Skrill and Neteller to fund trading accounts.  Trade360 charges no fees on deposits.

Beginners’ and Customer Support

Trade360’s customer service department is open 24 hours a day throughout the financial trading week. The company offers its clients support through email, live chat and telephone lines. The staff seems helpful and gives out valuable information on crowd trading, which is a somewhat unfamiliar subject to many traders.

Conclusion

Trade360 is a unique type of regulated broker, providing a social trading service that can be extremely useful to many traders. The broker also allows for trading in a wide array of financial instruments.

Their proprietary online CrowdTrading platform is fairly easy to use, although it can be a bit difficult to navigate relative to the platforms supported by other brokers. Still, it uniquely offers traders potentially valuable and timely market information based on what large groups of people are doing in the market. In addition, the platform is available for mobile devices running Android or iOS operating systems.

قم بالايداع الان واحصل على ما يصل الى 5000$ استرداد للنقود!

EUR/USD Update – Kong Books Profits

I don’t leave money one table, and when looking at “the macro” hey – a trade is a trade “within” this framework.

I’m booking some 230 pips profit on a long and hard-fought battle/trade – long EUR/USD around 1.05

Markets suck and you know it. You think you’re right – but you’re wrong. I think I’m wrong and I’m right etc… This is no time to be a hotshot as the sky is cloudy, the water muddy, the day-to-day ( without question ) – unclear.

You need to be right “more times than you are wrong” – get it? If you are still searching for some kind of “krystal ball” here on the ol Internet well…..I advise you to stay tuned here, as well go visit your local psychic. This is likely as good as it gets.

Don’t get me wrong as I will never EVER apologize. If you go bet the farm with your piddly 2k trade account and choose to roll the dice – all power to you baby. Moving forward I will do the following:

Simply look to re – enter “short risk” when yet another grand opportunity arises..just around the corner.

Short USD, long EUR and JPY

Short AUD , NZD and CAD

Gold = hold.

Gold can kiss my ass……these long term trade ideas are exactly that. Long term. You don’t expect to get rich overnight but…..wait – Do you ever expect to get rich overnight?

Calm yourself newbies. Watch and learn. This is the big boys game.

Slow and steady wins the race.

Forex Kong Books Profits

               Forex Kong Books Profits

 

 

 

 

AUD/JPY – Focus On Risk Appetite

Well…..

Now that we’ve got that out-of-the-way ( the Fed’s sill little rate hike, and of course the nearly “not covered” debt ceiling debacle) we can move on. It’s time for more “mind bending macro market analysis” considering that these last few calls have been bang on the money. In short…..the U.S Dollar “plunge” shall continue, as both gold and The Euro continue to move higher. Further riches will be made with this simple concept burned into the back of your skull like a bad tattoo.

Let’s have a quick look at the weekly chart of my old friend AUD/JPY and refresh our memories, as to how this currency pair can help you gauge risk appetite with another simple concept.

AUD/JPY UP = Risk on.

AUD/JPY DOWN = Risk off.

                                                                       AUD/JPY – Risk on vs risk off

You can see how AUD/JPY has been trading completely flat for the past 10-12 weeks as U.S Stocks have really only taken a small leg higher during the same period of time. U.S Stocks are always ALWAYS the last to go when risk appetite ( and the machines on Wall St ) switch from “buy” to “sell”. Always.

AUD/JPY has been up against very solid resistance for an extended period of time, and if “all was well” would surely have broken through, and climbed higher along side U.S Equities some time ago.

Such is clearly not the case as this currency pair has “literally” miles to fall. And fall it shall.

I am currently tracking this pair but not getting excited about entry “short” until I see a nice solid read candle and a decisive break lower. Even 85.00 and lower to truly seal the deal.

You see how this works right? I’m “tracking / observing” market activity with a pre conceived notion of at least two ( if not two hundred ) things.

  1. AUD/JPY ( a significant indicator of risk appetite in markets in general ) is trading in a range against significant over head resistance.
  2. A significant break lower should “clear the field” and is suggestive of a much larger shift from “risk on to risk off” across markets in general.

Eezy Peezy when you have a plan. Do YOU have a plan? There could be 1000 pips below this currency pairs current price.

Damn rights I’m still short USD. Damn rights I still own NUGT. Damn rights I’m killing it long EUR/USD.

Any questions today? I’m back in the saddle.

 

 

 

Debt Ceiling Wednesday – Rate Hike Too?

Unfortunately….for those of you who’s investment and trading decisions depend solely on the grunt’s and groans of some smart mouthed Silverback with an attitude – I am busy today.

An esteemed  colleague and I have been summoned to the head offices of Google San Fran – where we will be building time machines, slipping microchips under our skin, and dancing through holographic simulations of the future. Jealousy will get you everywhere. I’ll post some pics later this week.

The Euro has continued higher – as expected. The U.S Dollar has taken its beating over the past few days and ( in my view ) will continue to get hammered –  as expected. And good ol’ gold has now put in its daily cycle low somewhere here around 1200.00 per ounce.

The current trade hypothesis still resting on the fact that “whatever happens” on Wednesday with respect to both interest rates rising and the U.S debt ceiling being reached “again”…The U.S Dollar sees its day, and continues South.

This “could” stretch another month if indeed the powers that be somehow appease markets – by what? Raising both interest rates AND raise the debt ceiling? This I truly have to see with my own eyes to truly get the full sense of just how “totally F’d” this system is.

I don’t particularly enjoy trading ahead of macro news events, but in the case will take it on the chin one way or another.

Good luck to all over the next 48 hours…you’ll likely need it.

Best advice…..don’t move a  muscle til ‘after the announcements on Wednesday….and even then – don’t get “trigger happy” Thursday morning either.

Forex_Kong_Space_Future

Forex_Kong_Space_Future

 

The U.S Dollar Is Everything – But Nothing At All

If you still don’t have currencies on your radar ( insert four letter words , cuss , spit , tantrum , psychotic episode, violent outrage ) well……..you and I can only go so far. Every time a U.S stock is bought or sold “on this entire f$&king planet” –  somehow / somewhere it likely involves currency exchange. What? You think you ‘Mericans are the only people buying your own crap? No wait…China’s crap. Sold back to you at 1000% mark up from your most trusted and beloved “American brands”.

Consider this.

The daily dollar volume of the entire planets stocks markets “combined” is around 84 billion dollars a day. That’s pretty impressive right?

Get ready numb nuts. ( a shout out to my alien followers currently residing in Antarctica ) Get it? “numb nuts”? Ya we talk…..we trade secrets/ compare notes etc…Different planets of origin –  same day to day shit.

The daily dollar volume of the entire planets FX market? 4 Trillion baby. 4 Trillion pieces of paper / bullshit / currency trading hands every single day so you can keep sippin yer Pepsi and scarfing those Dorritos.

The boats stay afloat….the rubber duckies keep showing up, and the wheels of the global economy keep on turning. All of it “currency driven”.

As the world’s “reserve currency” The U.S has had a strangle hold on world trade for like…eons. You get it right? If you want to buy oil…(tankers full of oil dip shit…not oil for your grandma’s lawn mower) Must convert rupee to dollars. You wanna buy copper? Must convert Canadian Loonies for U.S Dollars.

It’s bullshit. It’s ridiculous and it’s over. The planet has been moving away from exchange of USD for years now….China leading the charge.

Every stock market on the planet fits in the palm of my hand, but I need to “use my back” when I’m moving currencies.

Get a chart of $USD on your watch list boys. It’ll save you surfing through a million others trying to figure out WTF is goin on.

More “global perspective” for you . Imagine how stupid this looks to those of us from other worlds.

this is how it looks in the literal sense

Paper slaves…..more on this coming.