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- PA is King commented Mar 13, 2014
You seem to have me confused with a long term trader. I'm a day trader...and the news events have little meaning to me as price often does the opposite of what "they" would suggest. Example: Good US data today, USD being sold!
Jobless Claims in U.S. Decline to Lowest Level Since November
- PA is King commented Mar 13, 2014
Good deal. Many pips to you!
Jobless Claims in U.S. Decline to Lowest Level Since November
- PA is King commented Mar 13, 2014
Risk On... .9100 and beyond for AUD.
U.S. Import and Export Price Indexes - February 2014
- PA is King commented Mar 13, 2014
We'll have to agree to disagree on this.
p.s. I got in long again at .9050, s/l is moved up to b.e. now...Free Trade! Retail Sales in U.S. Increase for First Time in Three Months
- PA is King commented Mar 13, 2014
When did fundamentals ever really matter? Over the past decade, I've seen it time and time again where price does the opposite of what "data" suggests.
Jobless Claims in U.S. Decline to Lowest Level Since November
- PA is King commented Mar 13, 2014
Hey bud, haven't heard from you in a while. How's it going with your AUD trades? Did you get out of those shorts before price went up? Hope all is well!
Jobless Claims in U.S. Decline to Lowest Level Since November
- PA is King commented Mar 13, 2014
Risk back on for the market.
Jobless Claims in U.S. Decline to Lowest Level Since November
- PA is King commented Mar 13, 2014
Hey look at that, GU went down, EU went down, but AU went up slightly. HINT HINT...Market doesn't want to sell AUD. I smell .9100 in the near future...Risk On! Happy Trading!
Retail Sales in U.S. Increase for First Time in Three Months
- PA is King commented Mar 13, 2014
Winner winner, chicken dinner! Market makers tricked some into shorts.
Australia Labor Force
- PA is King commented Mar 13, 2014
For those looking for a/u to drop back to .9000 or below. I just don't see it happening anytime soon. History is just repeating itself....for the past month, any bad Aussie OR China data has resulted in an initial knee-jerk reaction ...
China economic data disappoint markets
- PA is King commented Mar 12, 2014
No worries, PA is my main tool, but knowing how the market reacts to news and how the market makers/big traders position themselves in the market are also in the toolbox. Cheers! Side note...doesn't look like we'll get a pullback on a/u. Instead, ...
Australia Labor Force
- PA is King commented Mar 12, 2014
Last thought for tonight...it would be ideal to get a pullback to .9000 area for longs, but it looks like probably only .9020-30 according to my charts.
Australia Labor Force
- PA is King commented Mar 12, 2014
Just looking at the 1hr chart again...Monday and Tuesday we basically chopped around between .9000 and .9050. Had a late selloff Tuesday and into early Wednesday followed by a 150pip rally today/tonight! We are holding firm above .9050 now finding ...
Australia Labor Force
- PA is King commented Mar 12, 2014
That was the problem this week, it was all just "fear" spreading. False/fake selloff only to be bid right back up. Market Makers needed to balance their books and big traders needed to buy again at a cheaper price. Good solid 1hr candle close there ...
Australia Labor Force
- PA is King commented Mar 12, 2014
Well, unless we form some HUGE 1hr or 4hr pinbar...we're heading back up above .9100. Have a good night all...Happy Trading!
Australia Labor Force
- PA is King commented Mar 12, 2014
Need to wait for some candle closes here for confirmation...but we should take out Friday's highs of .9132 in the next day or two.
Australia Labor Force
- PA is King commented Mar 12, 2014
I hope everyone who shorted a/u this past week took their profits this morning! Price action wins again...the failure to close below .8900 support area, the buying/rallying of a/u the ENTIRE US session, the bulish Daily candle after oversold ...
Australia Labor Force
- PA is King commented Mar 12, 2014
What's that? Data was less than last time and the a/u is still rallying? Up above .9000 now? lol All these articles about problems with China and a/u has done nothing but rally 12 of the last 13 hours? Fundamentals don't mean a thing in this market. ...
Melbourne Institute Survey of Consumer Inflationary Expectations