As I understand it – Putin and Obama have made an “appearance for the camera’s” but that no “official meeting” between the two will take place.
I’d suggested some days ago that Russia will not stand by and allow this “attack on Syria” to take place, and was generally met with the opinions from most of you – “”well Kong – the U.S is gonna do it regardless”.
Currency trading provides some pretty deep insight into “WTF” is going on in our world today, and I can tell you from my experience ( as well the countless hours reading / researching every element of our world ) that “this time” is different.
There has been a lot of activity overseas in the past few years, particularly between Russia and China, as well a number of Middle Eastern countries “getting their sh#$t together” – if you will.
I see the “divide between east and west” stronger now – then every before in my lifetime.
Technology has played a tremendous roll. Growth in China, and the continued downturn in the west has the now “unified East” stronger, smarter, and more confident than ever.
Russia will not have this, and in my view ( with greater confidence in its relationship with China ) may just as well see this “event” as the “single event” to re assert itself as the “big boy across the oceans” – and take this one to the limit.
These are crazy times we live in – thusly……….. crazy things “will” happen.
story by F Kong
What time frame are you thinking for any real action? Lots of useless banter back and forth as of late in my opinion.
Ouch – useless banter?
Go easy now…….
“Per pair” lots of trades could easily unfold here overnight / early next week. The USD pairs in particular.
Long JPY is an idea / trade that in all honesty – I don’t care if it manifests late Dec!
It’s “risk off” and there is no other way to look at it. It’s also fighting against every Central Bank on the planet so……there’s that too.
Maybe I can help you out a bit on the shorter term.
You wanna “fly a trade” short EUR/JPY ? – How bout 131.51 with a full 100 pip stop?
Let’s watch it overnight – see how I do.
Hey Kong its JSkogs! I used to comment and follow you at ibc. Good to see you are doing well. Ya this Syria business is scary and Putin wants to flex his muscles as he enjoys doing so. I entered some JPY longs today. Kinda looks like some of the pairs are working their way into ending formations.
Well what do you know…..good ol JSkogs.
There just websites you know – not to tough to track down ol Kong. Great seeing you kickin around.
It’s more about the bigger picture here for me – and ya – if Nikkei and “risk” is blowing thru the ceiling fair enough.
I find it pretty hard to swallow, and see risk vs reward pretty solid here.
Back in 2010 I read “the next 100 years” by George Friedman. He talks about an east/west war with Russia around 2020. It seemed impossible then, but this (or something similar) looks like it could be the trigger. Still hard to imagine but as you said – more divided than ever…
Looks like we are off… I have fire’s in USD/CAD & USD/JPY….. on the 30min…
Right on Schmed – I’m in already as per usual.
Damn though – the recent “grind” has me making a couple tweaks. I’m a full 48 hours early on these trades this time, and don’t ever “enjoy” having trades hanging in the balance/wait.
I’m back “under the hood” here this evening, doing a little tinkering.
FWIW – my 8hr squeeze in USD/CAD has been running for some 6 days now…. a Neg fire here should be the meat & potatoes for this par from what I can see… (A NEG fire being positive for CAD here…) as for tinkering an old says sticks with me… .if it is not broken best to leave it alone….. could just be our current status or events playing out currently….. but what do I know…:) as you have said… your always early but never late…
Keep marking the board as you have more hits then misses from what I have seen over & over Dr, Kong!!
CAD’s weekly squeeze has been running for some 14 weeks here…. not sure if this TF will fire as it may just continue in the range…. however should it fire then this will go deeper testing the 96-98 range…. but that’s still ahead of use here…. so will look closer as each TF fires off…. 🙂
Yup already short usdcad (1.05074) and in the money and a few jpy longs that are in the money. Should be a nice weekend!
Nice work JSkogs.
Don’t be a stranger.
Any chance that equities rally but yen pairs go down? Must they correlate as a risk off indicator?
It would be pretty “irregular” as I suggested in the earlier post.
I’ve got this last move in “risk” being primarily “driven” by stimulus money out of Japan so….when equities are sold (these days) it moves pretty much hand in hand with a stronger Yen.
Equities rally “should” see JPY fall.
I am just thinking where taper is off and usd to weaken more due to possible more qe perhaps? Resulting in a weaker usd to jpy but fueling equities with more usd?