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- PA is King commented Mar 20, 2014
Just thinking about it some more...why is this article coming out now? In order for Citi to have entered at .9016 short a/u...the last time price was that low on a/u was 10-11am NY time this morning. Price has done nothing but go UP UP UP since ...
Citi Exists AUD/NZD Long, Enters AUD/USD Short
- PA is King commented Mar 20, 2014
Hahahaha...didn't BoA say to short AUD earlier today too? There was no selloff earlier and looks like Asian session is starting off buying Aussie as well(albeit, not a huge rally by any means). So thanks to Citi, we should all expect to see .9150 on ...
Citi Exists AUD/NZD Long, Enters AUD/USD Short
- PA is King commented Mar 20, 2014
Looks like yesterday was just a one day selloff on a/u...right back to buying today on the daily candle. Market makers adjusting their books.
AUDUSD : Lower on CNY fixing
- PA is King commented Mar 20, 2014
Just closed my long for +20 pips as price stalled near .9050. Two 20pip winners today....not bad considering today's range is only 55pips.
AUDUSD : Lower on CNY fixing
- PA is King commented Mar 20, 2014
Very good post...The market makers are behind everything! You can use technicals most of the time to make some pips, but it won't always work. And fundaments/news...forget about it. Good US news didn't = stronger USD today.
AUD/USD: Will Bullish Trend Line Support Break?
- PA is King commented Mar 20, 2014
The problem is, there was no follow through on the selling...unlike e/u and g/u(both of which have sold off for nearly 200pips since yesterday) that kept going down overnight, the A/U traded sideways(only sold off just over 100pips since ...
AUD/USD: Will Bullish Trend Line Support Break?
- PA is King commented Mar 20, 2014
Why yes, I do make losing calls. I have posted my losing calls, but it's been a couple weeks since I had one. I've had a couple break even trader recently. But you just can't go wrong buying dips on Aussie since the beginning of February! My current ...
AUDUSD : Lower on CNY fixing
- PA is King commented Mar 20, 2014
You are on the wrong side? I'm profitable today being long.
E/U and G/U have sold off today, but not aussie. For now, .9000 is the new .8900 support level.AUDUSD : Lower on CNY fixing
- PA is King commented Mar 20, 2014
Thanks for reinforcing my long a/u trade BoA.
Trading Leading Indicators: Buy USD Vs EUR & AUD - BofA Merrill
- PA is King commented Mar 20, 2014
Long at .9015...if US news ends up bad, I anticipate all of yesterday's USD strength to disappear. Stoploss near lows of today. The spike down to .8994 just a little bit ago and rally right back up looks like a stophunt to me.
AUDUSD : Lower on CNY fixing
- PA is King commented Mar 20, 2014
We just had our 2nd test of the 4hr 200 MA with rejection. It's failure to close below .9000, along with the 4hr 200ma, and then you look at E/U and G/U had follow through selling overnight while A/U has just been sideways basically...I'm going to ...
AUDUSD : Lower on CNY fixing
- PA is King commented Mar 20, 2014
I just closed after that 1hr Pinbar for +20...looks like we are consolidating in a roughly .9010-40 range. I was expecting a little quicker pullback...we'll see what US session offers.
AUDUSD : Lower on CNY fixing
- PA is King commented Mar 19, 2014
Similiar to what I'm seeing...in long at .9005. Watching how price acts or is supported at the 4hr 200ma and pysch level of .9000. Have short term oversold conditions and should get some kind of rebound up to form a LowerHigh IF the trend is going ...
AUDUSD : Lower on CNY fixing
- PA is King commented Mar 19, 2014
Yep, proper money management...I'm out for -10pips. I agree, I see another support area at .8995(which happens to be the 4hr 200ma). If it makes it down there, will see if we get some kind of stall/reversal pattern.
AUD/USD Technical Analysis – Stalling Near 0.90 Figure
- PA is King commented Mar 19, 2014
Long at .9029, small stop near the lows of today. First target around .9070 +/- 10pips...second target near .9100. Typically there isn't any follow through on aussie selling...most of the time it's a 1 leg selloff and then rally up. We'll see if ...
AUD/USD Technical Analysis – Stalling Near 0.90 Figure
- PA is King commented Mar 19, 2014
That's funny, I make nice profits on T.A. while ignoring fundamentals. However, I do look to the news to see how the market reacts.
New Paper Says That Chart-Obsessed Technical Analysis Traders Are Fantastic At Losing Money
- PA is King commented Mar 19, 2014
Nice bounce off .9020 level...could be our support area. Need to see some retests of that area and make sure there is no follow through selling.
AUD/USD Technical Analysis – Stalling Near 0.90 Figure
- PA is King commented Mar 19, 2014
No remorse here, never traded today.
Will let the dust settle and evaluate things.AUD/USD Technical Analysis – Stalling Near 0.90 Figure