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- PA is King commented Sep 4, 2013
I'm guessing you are "ITM" after nearly 2 weeks of being negative since I haven't heard much from you on the a/u lately?
Australia National Accounts: National Income, Expenditure and Product
- PA is King commented Sep 3, 2013
Tue Jun 4 12:30am AUD Cash Rate 2.75% 2.75% 2.75% AUD RBA Rate Statement 3:00am EUR Spanish Unemployment Change -98.3K -50.2K -46.1K 4:30am GBP Construction PMI 50.8 49.7 49.4 5:00am EUR PPI m/m -0.6% -0.2% -0.2% 8:30am CAD Trade Balance -0.6B -0.4B ...
Australia National Accounts: National Income, Expenditure and Product
- PA is King commented Sep 3, 2013
Because I don't know how far up it will go...I don't have any reason to short it right now.
Australia National Accounts: National Income, Expenditure and Product
- PA is King commented Sep 3, 2013
Good question...I just noticed that as you pointed it out. Previous was showing .6 now it's .5. I'll be more than happy to stand aside right now and not risk my account. That's quiet the bullish 15min candle....won't be surprised to see .9100 very ...
Australia National Accounts: National Income, Expenditure and Product
- PA is King commented Sep 3, 2013
.9080 is what I saw as initial resistance...then .9100-30 is the next area,I don't have an exact number. After that maybe .9180 and then .9200.
Australia National Accounts: National Income, Expenditure and Product
- PA is King commented Sep 3, 2013
Intersting...we had Really good a/u news on Monday that was more than double forecast and price only spiked up 12 pips. Tonight we have news that comes out as expected and it goes up 40pips. Things are getting a little fishy around here...smells ...
Australia National Accounts: National Income, Expenditure and Product
- PA is King commented Sep 3, 2013
Looks like we may get one more push up from the London traders before they call it a day.
August 2013 Manufacturing ISM Report On Business
- PA is King commented Sep 3, 2013
And it finally did...I was looking for it to go up to .9080-9100 when it did for a possible short there. But it stopped at .9070 so far and consolidating just above .9050 now. I'll leave this pair alone for a little bit until it shows a better ...
RBA Statement by Glenn Stevens: Monetary Policy Decision
- PA is King commented Sep 3, 2013
Another possibility.
August 2013 Manufacturing ISM Report On Business
- PA is King commented Sep 3, 2013
Well, I see the immediate next area of resistance of .9080 and then the psych level of .9100 possibly. I'm just watching at this point. AU has already rallied 100pips today so it's near it's Average Daily Range. I wouldn't expect it to go much ...
August 2013 Manufacturing ISM Report On Business
- PA is King commented Sep 3, 2013
nevermind, 9050 was taken out. just sit back an wait now for another possible setup to come along. This is where patience and waiting for candle closes helps protect your account.
August 2013 Manufacturing ISM Report On Business
- PA is King commented Sep 3, 2013
Look for this 15min candle on A/U to close...if it closes below 9030, then shorts should be in play and you can use a small stoploss just above 9055. .9050 still providing strong resistance. Of course, if it doesn't close down there...wait for a ...
August 2013 Manufacturing ISM Report On Business
- PA is King commented Sep 3, 2013
A/U still hasn't even broken .9050.
RBA Statement by Glenn Stevens: Monetary Policy Decision
- PA is King commented Sep 3, 2013
Not a good 15min pinbar, but a nice bullish 1hr candle. Of course, we do have more major news this week so it might not rally too much and stay in some sort of range. At this point, I'm not going to gamble on a trade...off to bed! Happy Trading!
RBA Statement by Glenn Stevens: Monetary Policy Decision
- PA is King commented Sep 3, 2013
That may be how you trade...but I do quiet well trading 1hr and 15min. Cheers!
RBA Statement by Glenn Stevens: Monetary Policy Decision
- PA is King commented Sep 2, 2013
It's been rejected twice at 9040 during this 15min candle....if you're a bull, hope it doesn't close at a Pinbar, could signal trouble ahead.
RBA Statement by Glenn Stevens: Monetary Policy Decision
- PA is King commented Sep 2, 2013
it has been just a slow climb back up. .9020-50 is still my sell zone. I'd like to see it close above and stay above .9050 before I buy...but that's just me. Just watching for now.
RBA Statement by Glenn Stevens: Monetary Policy Decision
- PA is King commented Sep 2, 2013
Lots of resistance in the .9020-50 area. And you have last weeks high of .9068 too.
Australia Retail Trade
- PA is King commented Sep 2, 2013
Thanks. I won't be a bear forever. As you mention above, things will turn around eventually. Nothing goes straight up or down forever. As for me, I just look to price action for clues. It was pretty easy tonight...that 1hr Bearish Engulfing candle ...
Australia Retail Trade
- PA is King commented Sep 2, 2013
Only 20pips? check your charts again...it fell 27pips on the initial spike down. It's fallen almost 50(.9019 to .8971) total since news release.
Australia Retail Trade