iBankCoin
I patiently trade the fundamentals - with a technical machete.
Joined Apr 1, 2013
69 Blog Posts

Red Faced – Ready To Trade

My face is red.

Three full days on “Isla Mujeres” will do that to a guy. You can do your best to “stay safe” but those rays creep through the canopy of your golf cart, burn throuh your hat, and have the suncreen melting down your face like ice cream. It can’t be helped. You don’t get away with that much paradise, that much freedom, and that much joy  – without the additional cost.

I pay it in spades, which is hilarious considering beers at the “drive thru” are .69 cents a pop.

If you look back a day or two ( did you “mind the hammer?”) price action has played out exactly as suggested. The dollar has bounced as have equities – as has risk…….NOT.

This is a bounce not a dip. Currency wise  – absolutely nothing has changed in days……as the USD and US equities continue to trade in tandem – both in preparation for the coming “deep dive in the shallow end.”

Staying nimble has offered a miriad of trade opportunities as I now look to “re short USD” and continue “getting long JPY”.

Again – catch me waffling, fair enough – otherwise……. please stay tuned.

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9 comments

  1. What kind of beer is that for 69¢?

    I remember drinking a dark beer in Merida, maybe a stout – I believe it was called Leon Negra.

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  2. barrilito – it’s the low end, but not too bad.

    I drink Modello – they are made by the same company who have a drive thru at the brewery there on Isla Mujeres.

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  3. My audjpy and audusd shorts are slaying. Kong I assume you were at least in audjpy?

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  4. Modello is good. I like my tequila as well. I travelled up and down the east coast by myself for awhile when I left high-tech. It’s nice. I actually strongly considered buying land and moving there…near Tulum. Great water and sand. Drinks and girls aren’t so bad either.

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  5. Glad to have a forex player on the site. Big move in the nikkei as the yen does nothing tonight. Any thoughts would be appreciated.

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  6. Dollar yen does nothing. Not a currency guy here.

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  7. Oh yes…..shorts in both AUD/JPY as well NZD/JPY.

    I won’t be getting short AUD/USD here – and caution you to look to book profits. I’m only 40 minutes from Tulum and am all over this peninsula – exploring past 3 years. Love tequilla ( but Mezcal more! )

    Great trading man – good for you.

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  8. Yo Fake Amish!

    You’ll see better moves in other “JPY” pairs than you will in straight USD vs JPY. The big move has already (more or less) been made there, and if anything I keep lookin for a reasonable pullback in the pair.

    Pull some other /JPY charts and you’ll see some major movements.

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  9. Just booked audusd. We’ll see what it looks like after some breathing.

    Enjoy that coast man. I love it there!

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