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- PA is King commented Mar 17, 2014
Mind me asking how you know "traders' position shifted"? Reason I ask, if they closed their longs...I would have expected price to drop. But today' price went up and stayed up...no selloff. Nice bullish daily candle. Second, it would be nice if it ...
AUD/USD Technical Analysis – Stalling Near 0.90 Figure
- PA is King commented Mar 17, 2014
Here comes some more "fear spreading."
China Developer With $567 Million Debt Said to Collapse
- PA is King commented Mar 17, 2014
I'll be expecting the same as most other AUD news releases...temporary selloff followed by rally higher than before news.
Forex Global Central Bank Week Kicks Off in Australia
- PA is King commented Mar 17, 2014
There in lies the problem...how long are you going to wait for it to sell off? A week, month, the whole year? I've made over 300pips the past 3-4 weeks, while someone else has probably been trying to sell, and if they weren't scalping, then they ...
AUD/USD Technical Analysis – Stalling Near 0.90 Figure
- PA is King commented Mar 17, 2014
We've had nothing but buying since the market opened yesterday...not sure when you're looking for .8990 to buy, but it won't be today. I personally don't see it tomorrow either...no reason for it to selloff.
AUD/USD Technical Analysis – Stalling Near 0.90 Figure
- PA is King commented Mar 17, 2014
No worries, I have been carefully buying a/u...3 of my last 4 trades have ended up with 50pips profit on each!
Unless you're a scalper, I have no idea why people are trying to short a/u right now. For a month and a half it's stayed above .8900, ...AUD/USD Technical Analysis – Stalling Near 0.90 Figure
- PA is King commented Mar 17, 2014
Above .9102 will take out this past Thursdays high, and a move above .9132 will take out March 7th high. Very possible considering the price has moved up 85pips since the opening gap down yesterday and it's ADR is closer to 100pips...but on good ...
AUD/USD Technical Analysis – Stalling Near 0.90 Figure
- PA is King commented Mar 17, 2014
Nice work...enjoy the pips! Long is the way to go on aussie.
AUD/USD Technical Analysis – Stalling Near 0.90 Figure
- PA is King commented Mar 16, 2014
Pop goes the Aussie! Any dip is just another buy opportunity...as long as it stays above .8900!!! In fact, .9000 is a good support area right now...it's found support there 3 times now(Thursday, Friday, and today)!!! Already up 60pips since the gap ...
Gold Technicals – Paring Early Gains As Market Calm After Crimean Vote
- PA is King commented Mar 16, 2014
And just like that, A/U spikes up and I close my trade for 50pips! Nothing but buy buy buy on aussie since that gap down to start the trading week.
AUD/USD Technical Analysis – Stalling Near 0.90 Figure
- PA is King commented Mar 16, 2014
No laughing here, each trader needs to find what works for them and have the discipline to stick to it.
AUD/USD Technical Analysis – Stalling Near 0.90 Figure
- PA is King commented Mar 16, 2014
With your short bias, I kinda figured you were talking about daily or weekly. While I too enter on the 1hr, I typically only use the higher timeframes as a reference, not really a bias. So I think that's where we differ on direction. Hopefully we're ...
AUD/USD Technical Analysis – Stalling Near 0.90 Figure
- PA is King commented Mar 16, 2014
Which timeframe are you trading from? Monthly is up, Weekly is down, Daily down, 4hr is up, 1hr you can make a case for sideways or up depending on how much data you are looking at.
AUD/USD Technical Analysis – Stalling Near 0.90 Figure
- PA is King commented Mar 16, 2014
Price is being supported nicely on the 1hr 200ma so far.
Australia new vehicle sales up 0.1 pct in Feb-ABS
- PA is King commented Mar 16, 2014
Be careful, Aussie has Policy Meeting Minutes tomorrow night...could really rally a/u. Especially if they don't talk about .8500 again or seem worried about how strong aussie has been lately.
AUD/USD Technical Analysis – Stalling Near 0.90 Figure
- PA is King commented Mar 16, 2014
Nice job! Always nice to start out the week with a little profit. Happy Trading!
AUD/USD Technical Analysis – Stalling Near 0.90 Figure
- PA is King commented Mar 16, 2014
I agree...the trend will change at some point. No crystal ball here...so I'll just buy while buying works...when it stops, I'll sell until it stops working.
Just the normal rise and fall of the markets.AUD/USD Technical Analysis – Stalling Near 0.90 Figure
- PA is King commented Mar 16, 2014
Once again, buying the dips proves to be profitable! I bought at gap down open, .9002 and already moved stoploss up after being +25. China fear, Ukraine troubles, mixed Aussie data...nothing makes that pair selloff and stay down. Technicals prove it ...
AUD/USD Technical Analysis – Stalling Near 0.90 Figure
- PA is King commented Mar 16, 2014
Gaps down, usually mean rally upwards.
CNY Band Widening, Ukrainian Factor: Impact On EUR/USD, USD/JPY - SocGen