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- PA is King commented Mar 12, 2014
Pretty good post here, except using technicals can be profitable imho.
US dollar under pressure again overnight lifting weight off the Aussie dollar
- PA is King commented Mar 12, 2014
Perhaps last month's bad job numbers caused some profit taking the past few days just in case tonight's numbers are bad. But if they are good, it's not much higher to .9100 again. Should be entertaining...I'll be watching from the sidelines.
AUD/USD in a Precarious Position Ahead of Employment Data
- PA is King commented Mar 12, 2014
This article is just another example of how meaningless articles are. Absolutely no weakness during the US session. Trade your charts, not the headlines/news. That being said, just closed my long trade for 50pips on this so called "weakness"!
AUD/USD - Weakening further
- PA is King commented Mar 12, 2014
AUD is definitely the winner in the US session today. 6 straight hours of buying. Just moved my stoploss up again to lock in at least 20pips of profit for today. Less than 20pips away from my .9000 target.
Another thing to note...yesterday a/u ...AUD/USD - Weakening further
- PA is King commented Mar 12, 2014
All the best to you too JollyBean! I agree, trade safe, limit your risk...that's why I moved my s/l up to limit risk. Never know when something unexpected will happen.
China Wakes Up To Corporate Default
- PA is King commented Mar 12, 2014
I'm up to speed with Price Action and the 50pip rally today on a/u and my profitable long trade I currently have open. I'm not expecting a late day selloff like what happened yesterday.
p.s. how much bad data did we have out of China and ...China Wakes Up To Corporate Default
- PA is King commented Mar 12, 2014
And now s/l is moved up to +2 on this lately rally up to .8970! .8900 support still in tact and getting closer to my .9000 target. But the best part, it's a free trade at this point...no risk! Happy Trading!
AUD/USD - Weakening further
- PA is King commented Mar 12, 2014
Nice 40pip rally off today's lows on a/u. .8900 still in tact.
China Wakes Up To Corporate Default
- PA is King commented Mar 12, 2014
The RBA changed their tune last month and took out their wording for .8500. Price rallied above .8900 And hasn't closed below since. Trade update...moved stoploss up to very small risk now...trade been positive almost the whole time.
AUD/USD - Weakening further
- PA is King commented Mar 12, 2014
What I'm watching on this trade is that there was about 14hrs of support at the .8950-60 area overnight. Then we had a 1hr selloff down to a low of .8922 today....but price has spent the last 3hrs failing to break that low and staying around ...
AUD/USD - Weakening further
- PA is King commented Mar 12, 2014
Long at .8940, stop near lows of the day, target around. 9000.
AUD/USD - Weakening further
- PA is King commented Mar 12, 2014
I agree, this looks like a normal pullback for a chance to reload long. All these "headlines" about China are to start putting fear into retail traders and get them thinking short again. When a/u closes solidly below .8900 on the daily chart, then I ...
Aussie, rand under pressure from concern over China demand
- PA is King commented Mar 12, 2014
Inverse H&S is what you are seeing right?
Aussie, rand under pressure from concern over China demand
- PA is King commented Mar 11, 2014
Well, for the last 7 1hr candles, we've had some dips in price, but price just won't close below .8960. I think we have our short term support level. I'm thinking a retest of .9000 level at least.
Australia Housing Finance
- PA is King commented Mar 11, 2014
There we go, maybe China market coming into play will push it through to the downside...I'd like to see another stall at .8900 for a possible buying opportunity.
Australia Housing Finance
- PA is King commented Mar 11, 2014
Bad Aussie data tonight, yet no follow through on the selling through .8950....hhhmmmm
Australia Housing Finance
- PA is King commented Mar 11, 2014
Things are getting bit mixed for me. Still need a solid daily close below .8900 before I believe in a trend change downward. But it does look like the rally has stalled after hitting .9100 last week. My two attempts at longing earlier today resulted ...
Australia consumer confidence falls to 10-month low in March
- PA is King commented Mar 11, 2014
Looks like time for some $ weakness according to my charts.
Dollar Better Bid; Will Consolidation Morph into Correction?
- PA is King commented Mar 11, 2014
Thank you for the repky, but over the years, the 1hr chart has been most reliable for entries for me. I do evaluate other timeframes for price action though. Cheers. Entered long again on the early US session dip at .9020. Trade updated: when a/u ...
AUD/USD regains upside after weak Australian data
- PA is King commented Mar 10, 2014
Just like every other piece of bad news out of Aussie and/or China...temporary selloff followed by a rally back up(typically higher then before the selloff). Got stopped out on an earlier long. But I like how we have a double bottom at .9010, ...
AUD/USD regains upside after weak Australian data