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- PA is King commented Feb 11, 2014
Another day, another Aussie rally! We are starting out week 3 of Aussie buying...now while nothing to straight up or down forever, I to see the Daily downtrend that started in Oct...it's being broken to the upside. Looks like the next resistance ...
China Bulls in Australia Belie $1.6 Trillion Stocks Rout
- PA is King commented Feb 10, 2014
I see no reason to short it. But I don't know how high it will go either...need to be patient and see how price action develops now. Technically, it should come back down and retest the .8960-70 area and find support there...then head back up.
AUD, EUR, GBP all higher… Japan markets closed so liquidity is lacking
- PA is King commented Feb 10, 2014
Been saying it for two weeks, .9000 on a/u!
AUD, EUR, GBP all higher… Japan markets closed so liquidity is lacking
- PA is King commented Feb 10, 2014
Personally, I still don't see anything on the charts saying a selloff is coming. And all the big news to cause a big drop passed last week. I'm still thinking another test of .9000 our higher...but you never know. Good luck to you.
Rich Chinese line up to leave China
- PA is King commented Feb 10, 2014
How is your short A/U trade going? Have you added on to it? Do you still see .8600? Looks like it found support just above .8900 and is heading back up again to test .8940(prior support).
Rich Chinese line up to leave China
- PA is King commented Feb 7, 2014
What timeframe are you talking about? The short term trend is up...we've had 2 weekly bullish candles now, 4 straight days of bull candles, and hardly any pullbacks this week. I can only assume you are talking long term since the a/u has been in ...
AUD/USD breaks 0.8940 support, harsh decline post RBA
- PA is King commented Feb 7, 2014
Good thing you are in for the long haul...4 straight days of buying. Good luck with your short.
AUD/USD breaks 0.8940 support, harsh decline post RBA
- PA is King commented Feb 7, 2014
Well, a/u might have broke .8940, but definitely didn't stay below it! Finding lots of support there last night and today...also strong resistance at .9000. Guess we'll find out next week which one fails. Have a good weekend.
AUD/USD breaks 0.8940 support, harsh decline post RBA
- PA is King commented Feb 7, 2014
Agreed, not ready to call a top just yet....looks like a normal pullback to support area. Watching to see what NFP brings.
AUD/USD breaks 0.8940 support, harsh decline post RBA
- PA is King commented Feb 6, 2014
I wouldn't get too far ahead here. Still need .9000 taken out. Just my guess, perhaps a little profit taking before NFP tomorrow and now some consolidation. For me, I'm taking 50pips profit on my long from earlier and going to skip NFP. There's ...
AUD/USD breaks 0.8940 support, harsh decline post RBA
- PA is King commented Feb 6, 2014
Hopefully you sold around today's highs and not .8750 area...that way if it goes up to .9000 or higher, you won't be risking too much.
The Australian dollar - still more to fall
- PA is King commented Feb 6, 2014
Is this another article to get people on the wrong side of the trade? Guess we'll find out with RBA tonight and NFP tomorrow. Stay tuned... I'm looking at .8935, .8900, and .8875 areas for support. If they get broken and turn into resistance, then ...
The Australian dollar - still more to fall
- PA is King commented Feb 5, 2014
Completely calm, heading to bed, moved s/l up to +40 on my long a/u. Will sleep well tonight...free ride.
Australia International Trade in Goods and Services
- PA is King commented Feb 5, 2014
You'll have to tell me something I don't know if you want to enlighten me.
Australia International Trade in Goods and Services
- PA is King commented Feb 5, 2014
Sorry bud, I think about them before I enter a trade. I was asking you if YOU knew where you were going to exit your losing trade?
Australia International Trade in Goods and Services
- PA is King commented Feb 5, 2014
That I can't answer, I don't have a crystal ball. I was actually expecting a/u to hit .8900 last week, but it didn't. It's really up to the market as to when it will hit that level...if it hits that level. Need to see what happens around .9000 ...
Australia International Trade in Goods and Services
- PA is King commented Feb 5, 2014
And if it keeps going up above .9 or .91...then what? Are you going to close your losing trade or are you going to keep moving your stop up higher?
Australia International Trade in Goods and Services
- PA is King commented Feb 5, 2014
Sorry about your loss bud.
Australia International Trade in Goods and Services
- PA is King commented Feb 5, 2014
Here comes .9000! From a technical standpoint, .9150 is where price could go on my charts depending on what happens around .9000. Happy Trading!
Australia International Trade in Goods and Services