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- PA is King commented Feb 5, 2014
Nice job on the shorts for those of you who took them, you were Spot On!
I really don't mean to be rude, I just don't understand why people fail to understand the market and can only focus on themselves "being right"??? When you learn to accept ...
Australian Central Bank's Edwards: A$ Fall Not Necessarily Over
- PA is King commented Feb 5, 2014
Guess you got stopped out eh? .8930 right now.
Australian Central Bank's Edwards: A$ Fall Not Necessarily Over
- PA is King commented Feb 5, 2014
Well, that didn't take long...just moved my s/l up again to lock in 20pips profit! Who could have seen that coming?
Seriously though, there was a 200+pip rally yesterday, a shallow pullback and price stalled at .8870-80 area 6hrs! There's no way ...Australian Central Bank's Edwards: A$ Fall Not Necessarily Over
- PA is King commented Feb 5, 2014
We aren't at .9000 yet, about 90pips away still. I'd rather sell up there(if the charts say it's time) than right now and be down 90pips when it moves up there. Just sayin'
Australian Central Bank's Edwards: A$ Fall Not Necessarily Over
- PA is King commented Feb 5, 2014
Good luck bud...hope you know your risk on the trade. a/u now moving above .8910...I've moved my s/l up to breakeven now.
Australian Central Bank's Edwards: A$ Fall Not Necessarily Over
- PA is King commented Feb 5, 2014
I see things differently...I see price being supported by the 4hr 200ma, I see pinbars on the 1hr chart at the .8870-80 area(tested 3 times). And I see this pullback as normal since we had a 200+ pip rally yesterday. The market makers are trying to ...
Australian Central Bank's Edwards: A$ Fall Not Necessarily Over
- PA is King commented Feb 5, 2014
Trying to scare those who went long? Looks like a/u found a support area at .8870-80 area(tested that area 3 times already on 1hr chart). Time to buy again if you haven't already....now you know your risk(just below that area) and profit I'm looking ...
Australian Central Bank's Edwards: A$ Fall Not Necessarily Over
- PA is King commented Feb 4, 2014
The Aussie sure didn't get the message about any tumbling!!! haha Today's daily candle has wiped out the past 3 weeks of selling. Rally on A/U...Rally on. See you at .9000 and above.
Markets Tumble. How Will the Fed React?
- PA is King commented Feb 4, 2014
And there we go...just another new high for A/U today. This pair can't be stopped, don't even try shorting it! .9000 is the next target! Let this be a lesson for all the newbies learning fx. When price has a big move up or down...and it consolidates ...
Battle Of The CB’s: RBA And AUD A Winner
- PA is King commented Feb 4, 2014
Well, there's a new high on the a/u for today...who could have seen that coming?
I won't be surprised if today is one of those 250 to 300 pip knives on Aussie...all shorts are being squeezed out now that .8500 is If the table from RBA!RBA Moves to Neutral as It Signals Comfort With Aussie Level
- PA is King commented Feb 4, 2014
A/U is taking a breather right now....market maker accumulating contracts before it moves up even higher. I won't be shorting anytime soon. We've now had 6 hourly candles in a tight 30pip range betwren .8875-.8905, after a 180pip rally overnigh. ...
RBA Moves to Neutral as It Signals Comfort With Aussie Level
- PA is King commented Feb 4, 2014
Yep, everyone was looking for .8500. Not any time soon. Price just busted right up through the 4hr 200ma without any trouble!
RBA Statement on Monetary Policy
- PA is King commented Feb 4, 2014
Good luck, hope it works out for you. But it's already moved up 184pips today without any reversal in sight...don't let all your profits go to waste by adding on shorts. A/U is in correction mode and can go up a few hundred pips.
What To Expect From RBA? - Goldman, Citi, BofA, Barclays, & Others
- PA is King commented Feb 4, 2014
Looks like lots of people are getting trapped short A/U. Be careful out there... .8900 has been taken out, .9000 is up next. Go back to August 5th, 2013 and look at the next 4 daily candles and the 400pip run up from the lows. Then go to Sept. 1st ...
RBA Statement on Monetary Policy
- PA is King commented Dec 3, 2013
Which bank was it last week that said they were selling a/u and looking for .8911?
Australian National Accounts: National Income, Expenditure and Product
- PA is King commented Nov 8, 2013
Good discussion on here...you guys are reading between the lines! Happy Trading!
The Employment Situation - October 2013
- PA is King commented Nov 8, 2013
The lesson this week should be to expect the unexpected at the least expected time!
Not many saw 200k plus NFP, Not many saw Draghi rate cut, etc... I imagine we get some dollar strength for a little while. Jaygee was the first to mention it a ...The Employment Situation - October 2013
- PA is King commented Nov 8, 2013
Who didn't see that coming? Seriously though...I mean, they were only expected 121k jobs...it wasn't going to be a hard number to beat! Now everyone is going to be talking about taper again, but it's still a ways off. The Fed wants to see months of ...
The Employment Situation - October 2013
- PA is King commented Oct 29, 2013
short term charts have changed over to a downtrend. I'm looking for confimation on the higher timeframes(daily/weekly). G/U looks like it has...but E/U and A/U might have one last rally in them. Of course, it's not set in stone and then can just ...
ECB’s Nowotny: No realistic prospect of refi or deposit rate cut
- PA is King commented Oct 23, 2013
Good call...and that 200ma is powerful stuff!
I'll be watching to see if this the pullback to get back in long or if it makes a lower high for possible trend change. Hapy Tradin!Australia Consumer Price Index