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- PA is King commented Mar 14, 2014
Aussie bears have to be disappointed with it still above .9000. On the other hand, bulls have to be disappointed it didn't continue above .9100. Have a good weekend all!
Prepare for a Breakdown
- PA is King commented Mar 14, 2014
Yep, I'm out and done. For the week. Cheers
China Stimulus Decision Looms as Investment Slows
- PA is King commented Mar 14, 2014
No problem, hopefully lots of traders made pips this week! Just closed my long for 25 pips. Looks like things are slowing down for the weekend...no need to hold over the weekend. Cheers!
Why the Aussie need not fret the China slowdown
- PA is King commented Mar 14, 2014
Exactly what I've been saying for the past month. Buy the dips.
Why the Aussie need not fret the China slowdown
- PA is King commented Mar 14, 2014
Nothing but selling of USD so far in London session. Keep on climbing a/u.
China Bond Risk Exceeds Ireland as Defaults Unavoidable
- PA is King commented Mar 14, 2014
Aussie seems to be shrugging this off...small selloff during Asian session, 30pip rally Sri far off today's low of .8995, early London had been buying, support art .9000 level, short-term oversold levels.
China Bond Risk Exceeds Ireland as Defaults Unavoidable
- PA is King commented Mar 14, 2014
Trade update...got stopped out for b.e. on that last move down. Looks like a false move below .9000 with a move back up. Long again at .9005, already moved s/l for minimal loss, still looking for .9050 area target. ...just moved s/l to b.e. on this ...
Meanwhile, The Euro...
- PA is King commented Mar 13, 2014
a/u finding some good support/resistance in the .9020-40 range. Still like longs due to it being above the 50&200 moving averages...not to mention, staying above pysch level of .9000 and major support level of .8900. Time will tell, might not have ...
China Stimulus Decision Looms as Investment Slows
- PA is King commented Mar 13, 2014
Moved s/l up to b.e. just in case a/u wants to go down some more. Almost reached .9050 a little while ago.
Meanwhile, The Euro...
- PA is King commented Mar 13, 2014
Ignore the articles on here and ignore the news...trade the charts and become unconfused!
Meanwhile, The Euro...
- PA is King commented Mar 13, 2014
Looks like the selling has found support at the 1hr 200ma(.9010-20). I'm going to try a long with a tight stop and .9050 area for the target.
Meanwhile, The Euro...
- PA is King commented Mar 13, 2014
And that's why you don't jump into trades too soon...looks like support is failing, might head down to .9000 to test that area. 1hr 50ma is at .9025. 1hr 200ma is at .9011. Watching those areas.
China's Slowdown Hits Commodities, But Not All
- PA is King commented Mar 13, 2014
Nice pullback on a/u now...now to see if we find some support around the .9040-50 area combined with some oversold conditions and candle patterns for another long entry. Would like to see it closer to the 50ma though.
China's Slowdown Hits Commodities, But Not All
- PA is King commented Mar 13, 2014
Well, .9100 target was hit, 50pips in the bag. Another nice Long Trade on A/U! Currently liking the pullback right now...looking for it to find some support and then get in long again.
Retail Sales in U.S. Increase for First Time in Three Months
- PA is King commented Mar 13, 2014
I'm not disagreeing that news events move the market. Heck, even Aussie news last night rallied A/U up! But they don't always move them as expected. One day Good US news will rally the dollar, the next day Good US news will cause it to drop. It's ...
Jobless Claims in U.S. Decline to Lowest Level Since November
- PA is King commented Mar 13, 2014
Hello Guest David, First, price action takes time and experience to learn...it's not a get rich quick method. Also, it's no Holy Grail...you will have winners, you will have losers so you have to learn how to manage your trades and minimize your ...
Australia Labor Force
- PA is King commented Mar 13, 2014
BAM! .9100 on A/U! And just like that, in less than 2 days a/u has basically erased all the selling that started this past Friday. Reminds me of last week when a/u rallied for 4 days erasing the previous 2 weeks of selling. A/U is a strong "buy the ...
U.S. Import and Export Price Indexes - February 2014
- PA is King commented Mar 13, 2014
Well, we had leg 1(.9000-70) after Aussie news last night...then sideways consolidation between .9040-70. Now Leg2 has formed(.9050-.9100)! Mission Accomplished!!! Should still keep going up, I don't have anything on the charts saying otherwise. And ...
Australia Labor Force
- PA is King commented Mar 13, 2014
Don't forget the run on USD...keep selling it as long as you can and enjoy the profits before it ends.
Crimea Bank Runs Begin As "Bail-In" Risks Arise