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- PA is King commented Sep 2, 2013
Well, that was an easy 20pips to go along with the 30pips from earlier this morning on my .9002 short trade(just before US session). Sometimes history repeats itself...sometimes it doesn't. I've already got 50pips to start out the week. Feel free to ...
Australia Retail Trade
- PA is King commented Sep 2, 2013
You're a smart man!
And on second thought, if this 1hr candle closes below .9000, I'm going to open a small short position...I think I can get 20-30pips before news tonight IF we get a nice bearish 1hr candle close.Australia Retail Trade
- PA is King commented Sep 2, 2013
Remember yesterday when Aussie news was more than Double what was expected and price barely spiked up 12pips??? Now compare that to bad news today and the 27pip spike down. While the a/u has been stronger to start off the week...it's little details ...
Australia Retail Trade
- PA is King commented Sep 2, 2013
I'm taking a small short positing on A/U here at .9002. Looks like it flushed out some stops at just above .9000 level and is stalling. Not sure what US session will do with the holiday, so that's why I'm only opening a small position...I'll either ...
U.S. jobs report could dispel economic haze
- PA is King commented Sep 1, 2013
I'll be honest, news was more than Double the forecast, yet A/U has moved less than 20pips since it's release so far. I'm not impressed. I see lots of resistance areas at .8970-80, .8900, and multiple from .9020-50. Only question is, where to sell ...
Australia Building Approvals
- PA is King commented Aug 31, 2013
Lets see, last week we had good China data, 2 bad days of US data and 2 good so mixed data, and the a/u sold off 5 days in a row. I don't see how this news will cause a/u to gap up to .9000. A small gap up at best with more "sell the rally" traders ...
China Aug. Manufacturing PMI Beats Estimates With 51.0 Reading
- PA is King commented Aug 30, 2013
Doesn't matter, bad data....but the USD is still getting stronger!
Weak spending, inflation data underscore soft U.S. economy
- PA is King commented Aug 30, 2013
news doesn't matter, buy USD(meaning sell the rallies on eu, gu, au).
U.S. consumer sentiment slips in August
- PA is King commented Aug 30, 2013
Well...I didn't get my A/U down to .8800, it basically stalled out on Wed. and started consolidating between .8900-8950. Still a little time left for today, but don't expect much. In fact...this week looks a lot like last week were price ...
Dollar Holds on to Bulk of Gains, but Markets Quiet into Week and Month End
- PA is King commented Aug 30, 2013
Just like every other day this week...Sell any rallies! The tide turned on USD starting late last week from selling to buying and it's been the Theme of this week. No matter how bad the day was. Have a good weekend!
Consumer Spending in U.S. Increased in July for a Third Month
- PA is King commented Aug 29, 2013
Ultimately, I can see it going to .8300-8350. But that's weeks or month or two away. Just looking for it to take out the low from earlier in August at .8846 to start with!
New Zealand Building Consents
- PA is King commented Aug 29, 2013
4 days of A/U selling...here's to Number 5 and hopefully a move down to .8850 or .8850! I've been patiently waiting all week!
New Zealand Building Consents
- PA is King commented Aug 29, 2013
But but but...Merkel said 1.3000-4000 was normal for E/U!
Dollar Seen Casting Off Euro Shackles as Fed Tapers
- PA is King commented Aug 29, 2013
And the GU, EU, AU selling works again! Happy Trading all!
The Dollar Rides High against Majors, while Emerging Markets Recover
- PA is King commented Aug 29, 2013
Yeah, barring anything unexpected...it looks like the "sell the rallies" theme of the week will continue for GU, EU, and AU.
Economy in U.S. Expanded More Than Forecast in Second Quarter
- PA is King commented Aug 29, 2013
Well, i can see A/U is still in the "sell the rallies" theme. Good news last night couldn't even help it get back to .9000. E/U is another sell the rallies pair too.
The "War" Effect
- PA is King commented Aug 28, 2013
I'm still on the fence with this one. Can't tell if they pumped up A/U before news and are just baiting people to go long...or if it really will go long. Really haven't had a retest of today's lows yet either. Just going to pass until it becomes ...
Australia Private Capital Expenditure
- PA is King commented Aug 28, 2013
I use technicals for trading(the news usually just gets price moving one way or the other).
As for A/U...I'm curious if this is a false rally before news or not. We'll find out in about 15minutes. Just watching at this point. If it goes up...I'll ...Pressure off Gold and Aussie dollar as market truce erupts
- PA is King commented Aug 28, 2013
A little relief rally...will be interested to see how price reacts to the news at 9:30pm. Will probably take 15-30minutes to see the true direction though, not the initial knee-jerk reaction.
Pressure off Gold and Aussie dollar as market truce erupts
- PA is King commented Aug 28, 2013
Definitely a possibility. Nothing goes up or down forever. They may wait until 9:30pm news too.
AUD/USD: Trading the Australian Private Capital Expenditure