It’s bloody hot here now. The kind of heat that has you rollin outta bed at 6:00 a.m and heading “straight for the fridge to crack a cold one” kinda hot!
The short USD trades are on fire too – and short of a little “pop and crackle” I expect it to continue. With everyone else already baked or fried, I see no reason why we won’t see the US Dollar take it’s turn naked on the beach – it’s gonna burn! It’s hot out there!
I can’t pull a single chart that doesnt suggest the same – I think we could see a really large move here spanning several weeks as the good ol USD is set ablaze.
I’m short usd via the commod currencies as well short against CHF. The long JPY trades are actively traded, as I pop in and out on smaller time frames – still not willing to lay any major bets.
I’m expecting a big week here.
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Thanks Kong ! “a big week”= the market rally ??
You guys are killin me!
I dunno, maybe you read a post here or there but no – I don’t expect the markets to rally.
I do expect USD to continue lower.
Good trades Kong! Your chf long is raging. My usdjpy short is solid. Missed the boat on my cad long obviously by getting out early. Wasn’t a believer. Anyway, good work!
I’m in 9 different pairs – all with considerable profit based on the absolutely nutty call of short USD and long JPY – although……I’m not trading USD/JPY!
I like the commods trading against the safe havens for the volatility and larger moves/profits.
Nice goin man
So pairs like cadjpy, audjpy, usdcad, audusd? What would the others be? And thanks
Yes – have a good look at those, and compare the “ATR” – average true range – to see that you get some really good moves in these pairs.
But be careful! – The volatility will eat you alive when trading these – so take your position size down to compensate.