Japanese elections play out exactly as expected with a HUGE GAP UP in JPY crosses here Sunday night.
As the currency wars continue – everything is clearly in place for some serious USD devaluation. If you choose to just sit and “see how things go” you will soon (if not Monday morning even.. ) be left in the dust – as the dollar has absolutely no where to go but DOWN. I don’t go making calls in a minute to minute / day to day type way ( although if you’ve been following the trades at all – you’ll find that I might as well) but…….this is it!
I expect markets to power forward here this week and as simple as it gets – all assets shall rise!
If you’ve got dry powder – I seriously suggest no…..I SERIOUSLY SUGGEST you take this opportunity ( and perhaps get out of bed a little early tomorrow morning) to pull up a chart or two, get that broker of yours on the phone – and place a trade.
I am already trading / initiating further “risk related” trades across many many currency pairs with the same ol underlying theme – buying the risk related currencies….and selling the safe havens. I am expecting to do very, very, very well this week. Watch for “whipsaw” type activity – and please take the time to find entry at areas of support – don’t be surprised if “they don’t make it easy” – but it’s time….I believe Christmas has come a week or two early.
Learning from your posts- Nice call on yen and elections!
I am still in precious metals and have a chunk in inverse volatility index….I assume “risk on” next week means that volatility will go down.
Bang on man…..however an individual chooses to play it.
Personally I dont get the movement I “require” through anything other than currency – but would assume that some type of leveraged “inverse etf” should provide some positive results.
My hat is off to you Kong. Congratulations on getting to the top of a heap of very smart and very aggressive traders in the commodity world. That’s far over my head, but I really appreciate and plan to benefit from your very simple calls relating to whether risk is on or off and whether the USD is up or down. I started following you on SMT. Thanks for for being willing to share your knowledge, experience, and perspective. That shows that you are a very “evolved” gorilla! If you ever go commercial, I will be signing up.
I can’t thank you enough for the kind words and support – thanks again.
I’ve tried my best to keep things “general” as I’ve come to understand that my currency trading (unto itself) is a touch complicated/convoluted for every day type explanations. I figured the general reference to “risk on risk off” would do for now – and I so appreciate your feeback on the subject.
Please do what you can to get in here and contribute as I would really like to get this community growing as I continue with the trade posts!