$usd

Comments Anyone? – Kong Back From the Future

Forex Kong 1 Comment

I welcome your comments. Trolls and fans alike…….bring it on people. If you’ve got a gripe.

As I had mentioned some time ago, the “infrequency of posts” can be generally correlated to “how well I’m doing in markets” or more so in recent days – my complacency. Admittedly – complacent.

Why so Kong? You’ve always advocated vigilance and planning / observation as key elements to any trade plan. How’d you get so “chill” here these days? The world is crazy! What about Trump? Trump??

Relax.

Kong_Complacent

                                                                                   Kong_Complacent

As much as the American’s have such terrible views of their current sitting President –  have you seen how markets are performing lately? Trump continues to confuse…..but the big boys / highest earners / tax bracket / big business / economic drivers are loving it!

And now another massive depreciation of the U.S Dollar to boot? Anyone in the “financial biz” in complete heaven!

The “short USD trade” now 5 days running……now swung high on a MONTHLY chart = doom / waterfall action in USD coming AGAIN here pronto.

 

 

 

 

 

 

 

 

Stars Align – U.S.D Crater Begins

Forex Kong 1 Comment

When you zoom out and trade as “deep and wide” as I do……you don’t let the small squiggles get in the road of your larger “macro economic view”.

Mind you…..On occasion I love to get down in to the trenches as well…( short-term trading an hourly chart – something I call fun! ) but rarely as…..the short term trend works best when matched up with both the medium and the long.

stars_align_forex_kong

stars_align_forex_kong

In this case – Short U.S Dollar / Long Bitcoin.

Teetering on the edge….the precipice as it where. U.S D ( as suggested ) looking to fall off a cliff.

Little to add on a slow Wednesday, short of Thursday ( generally seen as a “news day” ) on deck – and likely larger moves in markets.

It’s still just early September.

The big boys / overall trading volume still quite low……I don’t expect “fireworks” for another week er so, when the USD slide becomes something “discussed” in the main stream media.

Keep in mind…..a weak dollar benefits Trump’s general plan / The Fed’s overall plan, and the only way forward for the incredible “recovery in the U.S”.

Stars align. Very little brain power needed.

 

 

Don't Get Fooled Again – EUR Is Going North

Forex Kong 4 Comments

Listen……….

The $dxy (or symbol:$usd) tracks/charts the U.S dollar against a “basket of currencies” where 57% of that basket is weighted EUR – and the remaining percentage is broken down as follows:

http://www.fxtrademaker.com/usdx.htm

Often… traders will watch this symbol, and make assumptions as to the dollars strength or weakness based on its movement.

BUT……………..

When looking at individual currencies independently – “against the U.S Dollar” one can see that this is by no means accurate – and in my opinion…..extremely misleading.

I see the $dxy at 80.05 presently ( up +0.14) – which would suggest dollar strength – right?………RIGHT?

Then why is my screen “so deep in the green” when I am short the U.S Dollar?

HMMMMMM……………

BECAUSE I AM SHORT THE DOLLAR AGAINST EVERYTHING UNDER THEN SUN….”OTHER” THAN THE EURO!

AUD  killin it……NZD killin it………CAD killin it.

So….You get it?

Don’t get fooled…the dollar is goin down….down……down.