- Search Energy EXCH
- PA is King commented Feb 23, 2014
well, .9100 was elusive last week...yet here we are still above .8900. Another week in a just under a 200pip range or will we break out one way or the other? Game on!
HSBC Flash China Manufacturing PMI
- PA is King commented Feb 20, 2014
I think below .8900 and they will be.
HSBC Flash China Manufacturing PMI
- PA is King commented Feb 20, 2014
You are right, I was a bit premature in thinking short early this morning. Price is still making higher lows on the higher timeframes. Could get a fourth run up to the .9065 area...would probably break through if that happens. Double and triple tops ...
Risk is back on dragging Aussie higher while gold goes along for the ride
- PA is King commented Feb 20, 2014
Gotta say, the strong bounce off the 4hr 200ma and the very bullish daily pinbar candle looks pretty promising for longs. Even looking at the e/a...there is a strong bearish daily pinbar there too indicating stronger AUD!
Risk is back on dragging Aussie higher while gold goes along for the ride
- PA is King commented Feb 20, 2014
And just like that, we are back up above Pre-China data from last night. Exactly how price action played out last week on weak Aussie job data. I was wrong earlier...it's not time to go short. Last night/today's dip on a/u was just another Higher ...
HSBC Flash China Manufacturing PMI
- PA is King commented Feb 20, 2014
Glad I didn't try shorting a/u today...nothing but buying after the China data last night. Still can't crack .8900. Going to be a very interesting Daily Pinbar if it closes up around these levels...perhaps the Guest above is right about it ...
HSBC Flash China Manufacturing PMI
- PA is King commented Feb 20, 2014
I've used them in the past, I couldn't quite use them well enough to keep them on the charts.
HSBC Flash China Manufacturing PMI
- PA is King commented Feb 20, 2014
Looks like that 4hr 200ma is just a bit too strong for a/u to go down any further.
HSBC Flash China Manufacturing PMI
- PA is King commented Feb 20, 2014
Yeah, we have quite a ways to go...but I'm not liking the current looks of the daily Pinbar bouncing off the 50ma. So basically, we had 3hrs of selling after China data last night and now 7 1/2hrs of buying that has almost erased all of the selling. ...
HSBC Flash China Manufacturing PMI
- PA is King commented Feb 20, 2014
Just closed my e/u short at 1.3590...nice 60pip profit. Can't complain about the last two trades.
Australia Wage Price Index
- PA is King commented Feb 20, 2014
Nice post by guess xxx.xxx.199.39 above. All seem logical and valida reasons for a continuation up. I haven't taken any shorts, waiting for it to retest .9000 and see how it acts. I can also say, .8900 is going to be the key level of support as ...
HSBC Flash China Manufacturing PMI
- PA is King commented Feb 19, 2014
That is true...the Aussie jobs data last week wasn't good, selloff and then rally back up higher and higher. Always be careful and have a gameplan.
HSBC Flash China Manufacturing PMI
- PA is King commented Feb 19, 2014
Same levels I'm looking at!
At some point, I'd like to see a pullback higher to get in short.HSBC Flash China Manufacturing PMI
- PA is King commented Feb 19, 2014
A little relief for frx trader.
I was wondering if .9000 area would hold up or finally break down. Looking at some good support levels between .8900-8950 now. After 3 weeks of going up, overbought conditions, triple top around .9065 area...should ...HSBC Flash China Manufacturing PMI
- PA is King commented Feb 19, 2014
Closing my a/u long for 40pips...selling e/u at 1.3750(stop is somewhere above today's high), looking for 1.3680ish.
Australia Wage Price Index
- PA is King commented Feb 18, 2014
Bought a/u at .9001...lets see if it can get back up to .9050 area.
Australia Wage Price Index
- PA is King commented Feb 18, 2014
Almost hit .9100 last night... .9080 isn't too bad. For me personally, I still need to see price get below .8900 to form a lower low then I can start thinking about selling any rally/pullback higher. Right now, it seems like just a pullback to ...
Aussie Dollar Traders Should Be Wary Of The RBA Minutes This Morning
- PA is King commented Feb 17, 2014
Sounds like you do your homework...well, almost! If you did, you would have read some of my previous posts where I say I mostly trade from the 1hr chart.
As for your 4hr chart, I do see the possibility of a top...however, we don't have a lower ...China’s Record New Credit Boosts Outlook for Economic Growth
- PA is King commented Feb 17, 2014
Maybe the RBA will throw frx trader a bone tonight.
Aussie Dollar Traders Should Be Wary Of The RBA Minutes This Morning