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…..it’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.

Chill.

 

 

 

 

Dollar Finally Bottoms – Flip A Coin On Stocks

Well well well…..it looks as though USD has finally, FINALLY found its bottom.

I can pull out a number of fantastic correlations / trades in the currency market ‘specific to USD’ but at this point in time…..the general market movement / usual correlations will be saved for another day – as we’ve all seen a number of these fall apart as of late.

Gold has fallen consistently “with” USD which in most cases makes no sense, tech stocks have been clobbered and considering the buoyancy in markets in general….have NOT been actively participating.

EUR/USD pretty straight forward here: SAFE TO SHORT

safe to short EUR

                                                                                  safe to short EUR

Markets continue to trade in “good ol summer fashion” leaving most traders scratching their heads looking for direction.

It’s nuts out there! You know it, I know it.

You’d think an intermediate bottom in USD would send Gold decidedly lower…but even there….gold has landed near an area of support so…..we’ve got some “rotation” going here, and need to take the time to figure out –  WHERE IS THE MONEY GOING NEXT?

Risk trade in AUD/JPY would appear to have hit resistance but…..nothing to write home about.

Risk Trade in AUD/JPY

                                                                                Risk Trade in AUD/JPY

It “almost looks to me” like a bottom in USD might amount to more U.S stocks being sold, and in turn US dollar reserves moving higher, while gold stays flat but….that’s pure speculation.

We need another day er two to see how things unfold from here. I’m short EUR/USD – and that’s it!

 

 

 

Still Short MUX – Still Long USD

I’m bored. You’re bored too.

The summer grind is certainly “doing its thing” so a quick update on my trade activity will have you rolling your eyes. “Common Kong! – Give us something to trade man! You’re killing us here!”

Just stay short Gold and related names…..as the move hasn’t really even happened yet. Stay long USD as again…..these last few days / weeks have generally traded flat asa pancake but an intermediate decline in Gold ( and subsequent rally in USD ) is the only thing worth looking at here short/medium term.

I’ve added to my short play on MUX ( as a cheap gold short nothing more ) and am still holding short EUR/USD.

It’s boring as hell…but these trades will materialize in a more significant manner here shortly….all you have to do is be patient.

Forex_Kong_Bored

       Forex_Kong_Bored

 

EUR/USD Chart – Gold Chart – USD Chart

Personally….I rarely look at this pair as any, “ANY indication” of larger market moves or global appetite for risk as – these are they two most widely held reserve type currencies on the planet, and their comparable  movement does nothing for me / my analysis or for the most part….my account.

Regardless….

The general “forex media / forex industry” promotes the trading of this pair like there’s no tomorrow, and new traders tend to love it. Don’t ask me why. Well ok ask me why…..cuz they don’t know anything about forex before they start trading it!

So if the coming move in forex markets “in general” can be at all illustrated for you “new comers” via this pair – take a look at the weekly chart of EUR/USD:

Resistance Ahead For EUR

Resistance Ahead For EUR

See that big red candle back near the first part of October? The one with the tall “wick” on it? High of 1.1305? Then looking back…..see the confluence area surrounding this price level “rough and nasty”?

Great.

Now check Gold:

Resistance For Gold

Resistance For Gold

Now USD:

Support For USD

Support For USD

These are the kinds of “large time frame” areas of support and resistance where you can start considering some “serious” trading . Not getting bogged down in the short-term flutters, if you can just manage to keep your friggin hands off the mouse for a day er two!

Not much more to be said here. You know what I’m getting at as this trade is getting very close.

It’s the “knowing ahead of time” and the “recognition” that these levels and correlations exist that will elevate your short term trading as you should “already know” the levels to watch for reversal. THEN pop down to your 1H charts and plot your entry.

Eur set to top. Gold set to top. USD set to bottom for a solid “medium term trade” so……start eyeing these charts for their reversal on the 1H at the bare minimum before even considering entry.

You owe me big time.

 

Curb Your Expectations – Summer Has Arrived

I’ll make this short and sweet.

Just because you’ve got your fancy new monitors set up, and all your charts / bells / whistles / lights ‘a flashing – doesn’t mean you’re gonna find a trade. Human nature would have it that you “expect” amazing things to happen. You’ve got all the tools, you’ve even gone a little overboard on that “extra screen” and you’re hell-bent on sitting down every morning at your trade terminal, and conquering the world.

Sorry buddy…ain’t gonna happen.

I can’t tell you how many times in the distant past I was 100% completely “jacked” to jump on into markets based on some over night news release, or some new article I’d found. Like a kid on Christmas morning I’d be up well before the crack of dawn, hardly able to contain myself sitting there in dark waiting……waiting…waiting for that opening bell.

Then summer came along and spoiled the party.

Hours on end sitting there staring at charts now frozen. Pacing the floor in anticipation of “hitting my exit” only to find the trade moving sideways for days……then days ‘n days more. Finally one year it got so bad that I almost gave up. I just couldn’t understand. There it all was right in front of my face…lights flashing, news running, bing bing – bam bam! Let’s do this!!

ZZZ zzzz zzzz…….zip…nada..zero – nothin.

You can’t make markets move, and as much as it’s a difficult thing to do when you’re just so excited to just get in there and kick ass…you’ve got to understand.

There is a time to step on the gas, and there are times to pump the brakes. Summer has arrived baby.

Get ready for whole lot o’ nothin.

empty trade terminal

                                                                     empty trade terminal

 

Looking To Buy Volatility – Volatility Has Crashed

Market euphoria has now lead to a complete and total collapse in volatility.

Volatility rises when people get scared. No one appears to be very scared as volatility is now at an “all time low” ( obviously correlation with markets being near all time highs ) – Get it?

Isn’t this about the time one starts thinking…hmmm….no one is scared, volatility at all time low, markets at all time highs….hmmm…..thinking, thinking….hey! Let’s start looking at buying some volatility around here!

Volatility Has Crashed

One can only assume we are getting very close to a reasonable bounce in volatility as – markets never change. Just when you think it’s safe…..boom – things head in the opposite direction.

Watch that Nikkei. Watch that AUD/JPY as well USD/JPY and add volatility to your short list ’round these levels.

A lil bit of UVXY here over coming days? I like it.

 

 

 

Gold Bottom, Dollar Crash – Kong Coming!

This set’s up time and time again when you’ve got the timing right. Gold is going to complete its correction here very shortly, and there are several “juicy trades” on deck. Every “wanna be stock guy” on the planet has this chart / set up on his screen.

Something interesting though…

The U.S Dollar “has bounced” against a large number of currencies but “vewy very quietwy” as The Euro has bounced EVEN more! This is not something you see very often and ( in my view ) is suggestive of some very VERY SERIOUS currency repositioning.

This is setting up for “crash like / waterfall action” in USD – and I would expect U.S Equities to follow.

I “could enter as early as Friday as this is a slam dunk. Risk gonna come off HARD next week.

Here is what you do:

Wait until you see gold bottom / dollar top. You need to “get ready and wait” as this one’s gonna help you pay for that big vacation you’ve been planning.

The FOMC meeting is early next week so I would not be surprised if we just bounce around ’til then. Get ready and wait…I’ll post specifics over coming days but this is the plan. This is gonna be a doozy!

Forex_Kong_Prepares

       Forex_Kong_Prepares

Kong Wins Again – Risk Trade Hits

Bang on the money.

I bought JNUG at 6.80 yesterday afternoon, as well shorted USD/JPY and AUD/JPY. I took long positions in both EUR/USD and GBP/USD first thing this morning.

How can anyone imagine the meeting of Trump and Chinas President Xi being anything less than a total disaster?

April 11th  I “believe” to be a full moon ( what you didn’t check your lunar cycles either? ) – I am very comfortable with these positions through the weekend and beyond.

It’s celebration time here so…..have a good one y’all.

forex_kong_happy

forex_kong_happy

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!