JPY Center Stage – Reversal Complete

The near term bottom in Japanese Yen ( JPY ) marks the top in Japanese Equities, and subsequent fall in “global risk for appetite”.

Wouldn’t you say?

Down -420 points in Japan,with U.S Equities falling past “any idea of near term support”, and fast.

This would only make today “Day 1” in a new investors cycle in JPY ( generally playing out over many weeks ) so one can only imagine the trade implications here.

You can get under just about anything JPY related and short.


Risk moves lower from here.

6 Responses

  1. Michael Penthouse October 2, 2014 / 11:05 am

    Great calls!

    • Pot Stock Watch October 2, 2014 / 11:08 am

      Of the “many” trades now in action this was a fantastic entry yes.

      I’ve been stalking this trade for some time now so….in that sense I “better have gotten it right”.

      Take the easy ones / good ones when you can.

  2. guy October 2, 2014 / 1:59 pm

    You have been selling dollars and buying yen since 101. Now at a big figure it corrects and you say it was a great entry. 9 out of 10 retail guys do not have the patience or the account to follow these macro views Kong. If you have been trading for many years,, trading with size and your account is hedged then you may have the ability to trade these views that i guarantee many of your followers do not.

    I know your expertise is trading and not teaching and i enjoy reading your blog from time to time. I just don’t believe a lot of retail can trade like this. I think they need to be given information about what is driving the price at the particular moment and “precise” entries and exits.

    • Pot Stock Watch October 2, 2014 / 5:50 pm

      I understand that many short term traders just don’t have the account size “or” the patience needed to trade time frames such as these – 100%.

      I can only hope that many “retail traders” can learn to slow down, look for the larger picture view, then make “even better decisions” based on their own set of parameters.

      Ther’s lots to be learned navigating a river…long before you even get your line in the water – let alone catch anything.

  3. james October 5, 2014 / 6:08 pm

    Kong i dont wanna discourage you. I have readed some of your stuff when you where at ibankcoin. But what i dont get is you keep being a permabear on this market. This is a 1 of à lifietime bullmarket and the train isnt still at the end of the station so hop on in and enjoy the ride. Instead standing in front of it this are corrections and they tiny what that means it is a healthy strong bullmarket. You as the big macro guy should maybe zoom out your charts a bit it is a uptrend if ya dont get it. And with the yen thats à bearmarket you can short not the usdjpy thats a uptrend.anyway the yen is still also in half the stage that thing will get disorderly and will cutt through every support like à knife through butter. Pls Kong pls hop in on the train and dont try to look smart because to the smartmoney you actualy are dumbmoney…..

    • Pot Stock Watch October 6, 2014 / 2:14 pm

      Oh James…….thank you so much for your concern.

      And best of luck with “the train” you currently imagine yourself on.

      I think I’llbe alright.

Leave a Reply

Your email address will not be published. Required fields are marked *