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- PA is King commented Mar 1, 2016
See, if you guessed long you win 50pips! Easy money!
AUD/USD: Trading the Australian GDP
- PA is King replied Mar 1, 2016
That's very true. Even with just an hour difference in closing times between brokers price/candles can look different.

Just Another A/U Thread...
- PA is King commented Mar 1, 2016
"5 possible outcomes"??? Hahahaha I'll give you two: buy or sell just before news with a 30-50pip target. Enjoy your profit or loss. It really is a 50/50 chance of winning....not 20%.
AUD/USD: Trading the Australian GDP
- PA is King replied Mar 1, 2016
No surprise here...Aussie dipped down after good US data but has rallied back up nearly 40pips. Same pattern as the past few weeks. Enjoy the pips while you can, you'll only be wrong once.
I stand corrected, we are now up 50pips after the USD ...Just Another A/U Thread...
- PA is King replied Mar 1, 2016
Here's one other chart for you....remember last week I said to look at the Aussie Daily chart for early and mid February??? Notice what happens every time there is a 1 day selloff on Aussie? Price spends the next few days rallying. There is NEVER ...
Just Another A/U Thread...
- PA is King replied Mar 1, 2016
Stay story different week, Aussie has bad data Sunday night and Monday night but failed to follow through on any selling. My Bias is still to buy the dip on Aussie near the bottom of the up trend. I've attached a 4hr chart showing how price has been ...
Just Another A/U Thread...
- PA is King replied Mar 1, 2016
Here you go dab, this is how my weekly chart looks. Last week(after Friday's selloff) was the first bearish candle in 6 weeks.
Just Another A/U Thread...
- PA is King replied Feb 29, 2016
Double bottom near .7100 seems pretty strong. Break above yesterday's high near .7170 brings .7200 easily in reach.
Just Another A/U Thread...
- PA is King replied Feb 29, 2016
Yes indeed, for weeks we've seen bad AUD data and it usually provides a small dip that is bid right back up. So is the Aussie really that strong or are the market makers artificially supporting it??? Double bottom around .7100 so far tonight. Guess ...
Just Another A/U Thread...
- PA is King replied Feb 29, 2016
I will try to post a chart in the morning as I'm not home at my computer right now.
Just Another A/U Thread...
- PA is King replied Feb 28, 2016
Could be a volatile week guys, trade cautiously. AUD interest rate tomorrow, ADP report Wednesday, and NFP on Friday.
Just Another A/U Thread...
- PA is King replied Feb 26, 2016
That's the first bearish weekly candle in 6 weeks.
Just Another A/U Thread...
- PA is King replied Feb 26, 2016
I'll be honest, we are at an interesting spot...we are at the bottom of the 1hr up channel. But we also closed below major support at .7150 area and 1hr 200ma. And I haven't seen this type of selling in a while. So the big question is, is this just ...
Just Another A/U Thread...
- PA is King replied Feb 26, 2016
some big moves in the markets today guys. I don't have time now, but will analyze things after markets close today. Could be some changes coming as some strong support levels were broken today.
Just Another A/U Thread...
- PA is King replied Feb 26, 2016
Was busy last night and was sleeping during London session. I see price rallied up to the top of the 1hr channel and formed a double top around .7250. Did anyone trade that short? If so I hope you made lots of pips! Have a great weekend everyone and ...
Just Another A/U Thread...
- PA is King replied Feb 25, 2016
My w/l ratio is about 75%. But not all winners are big wins, some are only a few pips.
Just Another A/U Thread...
- PA is King replied Feb 25, 2016
Still no follow through on any selling with Aussie. Every dip is bid right up! The 1hr up trend channel still going strong. And so I stop sounding like a broken record, my bias is Buy the Dips until that channel is broken! Happy Trading!
Just Another A/U Thread...
- PA is King replied Feb 25, 2016
Keep an eye on this current 1hr candle, if it closes around .7190 we'll have an Evening Star pattern and double top from the .7210 area.
Just Another A/U Thread...
- PA is King replied Feb 25, 2016
Yep, I take my share of losses. The key is to keep them small and manageable.
Watch the 1hr candle, could possibly get a double top around .7210. If not, we may go up to retest Monday's highs. Both Euro and Pound are down while Aussie is up ...Just Another A/U Thread...