It’s kind of funny when I make suggestion that $USD is headed lower ( and that risk should follow ) – within 24 hours full scale global panic sets in – risk jumps ship and the sky starts raining lead balloons.
This stuff doesn’t exist in a vacuum.
Personally I am extremely sceptical of anything seen or heard in the U.S media, as I have long since converted to following the spanish / mexican “version” of world events – so just as likely things are overblown and / or exagerated – if not 100% bullshit. Big woop.
Fact is….this stuff all lines up perfectly when viewing forex markets. You can virtually “tell” the news will be bad within a matter of hours – no matter what the “media spin” on it is.
I pretty much bank on it these days – as the entire thing is just one big orchestration.
I continue to hold and build with considerable “bearish bias”.
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Hammer pants on! It is go time. Yup forex setups can be really useful as a forecasting tool.
Crystal balls my friend – Gorilla’s with crystal balls.
Jskogs! You should set up an icon er something as a primate of sorts as well.
Bonobo….Snow Monkey….or depending on your height / weight…..the Marmoset!
Alright I’m on it! And thanks! I’m not the biggest guy but a marmoset might be pushing it. The people in my office all looked at me when I read that because I just about spit my coffee out when I read it haha.
I had some talent in downhill ski racing so maybe a snow monkey makes sense. I’ll have my pick today bro!
interesting, but how did you know?! care to show us your indicator sometime?
Dear Forexkong
You wrote: “You can virtually “tell” the news will be bad within a matter of hours – no matter what the “media spin” on it is.”
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Please explain, from what event can we tell the news will be bad ?
hybullshit you can often tell if a jobs number might be bad by the technical set up of the dollar index. There are many in the know and that can be represented in certain currency instruments
I think you’ve missed the point Hybullshit.
There is no “single event” in viewing forex markets that can “tell you” news will be bad. Maybe you’re guilt of looking for a magic bullet / holy grail no?
I see it – after years and years of market observation and a combination of many,many factors all coming together both technically as well fundamentally.
if I could just “wrap it up in bow” and give it to you well……I guess you’d all be rich too.
If only it where “that easy”.
In time my friend……..in time.
Anybody noticed the broadening top being produced over the past 3 months on the DX? Sometimes referred to as an expanding megaphone. Hmm very interesting.
Happy 4th Kong!
Don’t comment as much as I should, but love your blogs.
Aussie looking pretty damn bullish this am.
Also, USDCAD looks toppy, GBP, EUR, CHF could be working on final thrust into lows. USDJPY could pull back further.
Short USD could shape up to be a nice trade and catch a lot of people half-steppin. Just sayin..
Hope all the Americans are enjoying mean hangovers today. Happy July 4th!
Correction – Should have had a period after “looks toppy”.
This low liquidity “pop” in USD is bustin my balls here short term – but I see it as that – and that alone.
Holidays are notorious for doing this when many are away from their stations….
My short USD vs Commods are all lookin good.
Ya I was profitable on my USDCAD and EURUSD. Draghi had some fairly dovish comments but i have found for the last year dovish Draghi rarely leads to bearish euro. I am sure nfps will provide some more volatility tomorrow. My positions are pretty small still. Looking to bulk up soon!