No. Don’t do that – or at least not like it’s gonna be the “get rich trade of your life”. I’ll tell you when to pull the trigger.
I’ve thrown this out there to prove a point, as I imagine I’m the only voice out there suggesting something so insane. Insane is it?
I look across the financial blogosphere and financial news sites today, and all I see is a continuous stream of “bearish Euro” “time to sell EUR” “”Euro to tumble past all support” blah blah blah.blah blah….
As I am completely devoid of emotion, I can’t hate the Euro any “more or less” than I hate or love any paper currency ( all paper currencies being tiny pieces of toilet paper with fancy graphics and holograms ) as the “sell spiel” currently running in main stream media would have you thinking “The Euro” is about to run itself directly off a cliff.
How much do you want to bet “Dear ol Kong” this thing is going nowhere but UP UP UP!
Let’s just let it sit. Let’s let this “glaring example” drive home the point – even harder.
The retail forex/investment landscape works from every possible angle to rid you of your hard-earned dollars as fast as humanly possible ( computers do most of it so….that “is” faster than humanly possible ) with the media only seconds behind.
I challenge you to watch the EURO in coming days and put me to the test.
Clinging to your T.V set, you still can’t quite accept the fact that you are being lied to every single minute of every single day.
Oh Kong I pray you are mistaken!!!
Hey Kong, made a few quid today on some of the euro pairs but glad to say I’m out now. Can I ask what’s got ya spooked?
What are we doing here on the blog side you nut?
He he he….it’s not the Euro as much as global macro here…..I don’t believe that Draghi “will or can” do a single thing here so….
Point being….it’s about the media spin / relentless assault on retail investors with every single site I find – telling everyone to sell Euro.
Give it a couple of days but……I’ll take the other side of that trade.
I agree Kong. It is paused to accumulate and trap more shorts. As a harmonic pattern trader I have it as a bullish Nen Star (4 hour chart) – wait and buy. Ignore the noise.
Nice work ma man…..
I’m out blasting the general “financial media” on it here today, and will continue to monitor before considering any trades.
Nice work . Go go go
What the fuck happened to AUD , i mean that is a very bad no for AUD and still it sky rocketed , WTF
Look at U.S Equities!
GDP number suggests economic contraction – the first since 2011! And up she goes!
AN absolute grind……for everyone man.
One day up….next day down….up, down, up , down.
A “new level” of patience – now required.
Kong, do you see any kind of catalyst in the near-term to spark some movement in these markets? I mean it has been a grind and low volatility for so long that it almost feels like this is the new “norm.” In reality I am sure a break is coming and the moves will come but holy hell this is tiring.
The most tiring / exhausting in my entire time trading yes.
I’m not quite convinced it will be the “new norm” but it certainly is an “extended slow period” – that’s for sure.
Common already! Let’s do this!
I share similar views Kong, shorts have gotten more than their share of front-running ECB action (which is really just words at this point!)