trade strategies

Did you enjoy the tiny gains made “long USD” some days ago?

I didn’t think so.

I’m getting back on the “short train” with USD as the “6 day long suggestion” has obviously run it’s course.

This daily cycle looks to have rolled over as early as day “3” so once again we are looking at a left translated cycle – following the previous failed daily cycle so…….down we go.

It might be a touch late to jump into pairs such as GBP/USD or EUR/USD so I would suggest waiting for a small intra day pullback “or” placing limit buy orders “above” today’s action and waiting to get picked up on momentum.

Are you still hanging long? Why would you do that?

The next leg lower has lots of room to fall.

I like when things fall, as fear is far more motivating than greed. I’m here to trade, and that usually works out best when people start getting scared.

But you’re not worried about anything are you?

I don’t spend too much time trading high priced U.S stocks but see that good ol Apple has now touched the 200 SMA from below.

Take a quick look here:

Aapl – April 4th

Strategy wise this is pretty straight forward – placing “limit sell orders” under 110 – 109.00 and just let the market do her thing.

You’ll get picked up with momentum….otherwise you are safely tucked away should Apple shoot for the starts…but I find that highly unlikely.

Many believe that Apple is a pretty good indicator of “markets as a whole” so it bears consideration. A turn lower here at the 200 SMA looks quite probable.

It’s funny really….well perhaps not, as there is real money at stake but…

Placing a human being in front of a computer, loading it full of money ( leverged money ) with a big red “sell button” in one hand and a big green “buy button” in the other.

An interesting experiment to observe. Throw the T.V and main stream media into the mix and you’ve got your self a real recipe for disaster. Or not depending on your ability to control fear….and greed.

Japan making the expected turn here first ( Down -600 points here over night ) so you all know what that means.

Whatcha gonna do? You pressing the big red button yet? Maybe greed has got you by the tail – who knows.

You’re only human right?

If you’ve been fortunate enough to have timed the low back in February – Bravo!

Seriously…..job well done in this trade environment.

But!

Don’t get complacent here. This is what I would call a “second chance” as I expect to see the SP 500 ( and all other world markets ) roll over here around 2075-2100 ( duh – right? ) then proceed lower – taking out the lows at 1800.

SP 500 March 30th 2016

Yes that’s right – taking out the lows at 1800.

If I where a gambling man…..I would simply look to book “any” profits I’ve got over the next day or two, and put away the charts for a couple months.

You don’t trade Forex so don’t worry about it.

I’m two days into my “short USD trade” and just getting started.

A significant trade indeed.

Today marks a fairly significant day in the life of Kong as yet another milestone is passed…..another goal achieved.

Stars have aligned, cosmic events have fallen into place and years worth of work and dedication have finally paid off.

It’s time to make “a significant trade”.

The U.S Dollar has juuuust barely swung high as of this morning, and I am placing what may very well be the most significant trade of the year.

I am getting short The U.S Dollar for what I expect to be a “large-scale move” to the downside.

There are a million different reasons to justify such a trade, but I’m sure you already know. Yes the global economy is in shambles, yes the American election is set to be the most embarrassing political event in history, yes the crisis in Syria continues, and yes I am still 1000% completely convinced that further QE is in the cards for America.

This turn looks ugly. I’ve been staring at charts for weeks, and I see the same thing reflected “everywhere”.

Watch from the sidelines, or just buckle up for the ride.

Sideways soon turning to downside.

Britain isn’t going anywhere.

In a world where tensions between East and West continue to escalate, do you really think “now” is a time for the West to divide? Not a chance…..not in a million years. Not to mention the fact that the referendum isn’t set to go off until June 23rd! Th pound has been “pounded” down to serious levels of long-term support ( 1.39 area in general ) and has 3 full months to go ’til this “ridiculous exercise in bureaucracy” plays out.

What is happening?
UK Prime Minister David Cameron has announced a referendum on whether Britain should remain in the European Union to be held on Thursday 23 June.
What is a referendum?
A referendum is basically a vote in which everyone (or nearly everyone) of voting age can take part, normally giving a “Yes” or “No” answer to a question. Whichever side gets more than half of all votes cast is considered to have won.

I am looking for serious trade opportunities in GBP over coming weeks, but am patient enough to wait a little longer. We are close “level wise” but timing is always a factor.

USD down as well stocks cratering – as suggested. My first set of orders were picked up last night around dinner time.

Could be in for a “quick hit” here as markets are still trading in a fairly “blurry range”….but I expect downside to continue. Responsible trading has me holding small orders with a watchful eye.

Getting stopped out is a good thing remember….as you can’t win every time.

Key is to just to keep those losses small.