When you see selling in the high flyers such as the Australian Dollar as well the “bullet proof” New Zealand Dollar – you know something is going down.
These “higher yielding” currencies generally hang on to the very last moment til risk is “fully unwound” and shit hits the fan.
I’ve got “weekly swing high” in NZD as well continued weakness in AUD.
Anyone looking through a microscope at “the tiny world of U.S Equities” needs to step back about a quarter-mile or so.
The big ship takes weeks if not months to turn, and when she turns “wow – does she turn!”
I can only assume ( now ) every stock trader on the planet will soon start watching currency markets / global shifts after seeing the Nikkei top out weeks ago and now this with the continued JPY strength, soon to be USD “rocket ship” – and the waterfall in risk that soon draws near.
It’s all there in the currency market – LONG before you bozo’s see it.
(not you guys………the “other” guys.)
finally ,, after all the wait and patience , soon we are gonna get paid for the patience and mind fuck we were experiencing for the last 2 months ,, hope to get double return on our investments ,, man the grinding has been a hell and quite frankly i am happy that this grinding happened as i got to learn many new things about the market ,, it will be like when this trade begin i was a boy but now that its over i can proudly say that i am a man now as i learned many things ,, and the credit goes to non other than our favorite gorilla ,, kong Sir my utmost respects to you for you have been a light of hope for me cant say about the others but for me you have a guiding light , i thank GOD for the moment in which i found your blog and since then i have been following you like a son follows his dad ,,
Thank you Kong ,,
may you live a happy successful and a blessed life ,,
Farhan Farhan…..I was there with you buddy! Man! It was a tough go I know….but “you” had the understanding / conviction to stick with it.
We’re not out of the woods yet man but I’m pretty certain” the pain” is over.
Thank you so much for the kind words Farhan. This “trading thing” takes an amazing amount of time and effort and is undoubtedly the #1 most challenging thing I’ve ever taken on so…..you are not alone!
Seeing you progress has been fantastic, and quite rewarding for me as well.
We’ve made a trader out of you!
credit goes to you man ,,
because of you i have learned so much in so little time ,, that if i had to learn them by my self then i am pretty sure that it would have taken me more than 2 years to get all this knowledge ,,and with the signal service thing please dont stop posting articles as people will love to keep reading your views and your wisdom ,,
Patience is the key for Forex. However, human being, you know.. Really wish A/J back to 91. But not sure i could wait till then. Swap is the killer.
Just check with you Kong, is CBD chart to see the commods price action?
Sorry sorry It should be CRB
Yes Carrey $CRB
But in my post I was referring to the “commodity currencies” Carey…
These include AUD, NZD as well CAD ok?
Oh I see. What’s their differences?
AUD/JPY Face Event Risk on Economic Calendar. NZ will raise their rates to 3%. How do you view on this kong?
Interestingly……I see that the move in U.S Dollar strength is taking the lead here so…..
Perhaps NZD leaves rates “on hold” for now? Or even with a raise – a quick “spike”?
It’s hard for me to imagine NZD weathering the storm when “risk off” comes home to roost so….
YES a risk, and trades need to account for this ( ie….small…several orders over time ) but……I see NZD making the turn lower – regardless.