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- PA is King commented Aug 21, 2013
Lets see if it can close above .9000. Lots of resistance there now. And if good China data can't rally the A/U...then that's not a good sign and you know the bears are in control.
The Conference Board LEI for Australia
- PA is King commented Aug 21, 2013
Nah, I took that EU long early on the 1hr 200ma touch...but closed it for a small profit when price stalled and started reversing. I don't like entering near the lows of the day for shorts...so I'll need to wait for some type of pullback. Or if we ...
Gold rout seen bottoming by analysts as China buys
- PA is King commented Aug 21, 2013
Nice job on your GU and EU shorts.
Gold rout seen bottoming by analysts as China buys
- PA is King commented Aug 21, 2013
Do the opposite of what banks say and you'll make money!
Gold rout seen bottoming by analysts as China buys
- PA is King commented Aug 21, 2013
Looks like GU and EU are going to join the selling party! We have some 1hr uptrendlines that were broken down on GU and EU today. And AU has just been selling off all week. Down 300pips already from Sunday/Monday's Highs and counting. Jaygee will ...
The Conference Board LEI for Australia
- PA is King commented Aug 21, 2013
A/U is toast...keep selling. Already down 50pips to start off the Asian session. .8900, then .8850? Will it stop there or continue?
The Conference Board LEI for Australia
- PA is King commented Aug 21, 2013
Well, seeing how the US session ended with GU, EU, AU, and EJ down...I am anticipating early Asian to sell as well since they often follow what happened during the US session. I don't see any reason these pairs should start rallying, but stranger ...
EUR/USD, USD/JPY, AUD/USD, Gold, and the S&P500 after the FOMC Minutes
- PA is King commented Aug 21, 2013
That's the end of the mortgage modification program(people they hired to help with those apps). Now Wells Fargo will just foreclose, fix up the place, and sell it for profit since the housing market is on the rebound along with mortgage rates.
Sales of U.S. Existing Homes Rise to Highest Since 2009
- PA is King commented Aug 21, 2013
Stops are definitely getting flushed on GU right now...EU and AU still heading down as well.
Key Passages From Fed Minutes
- PA is King commented Aug 21, 2013
It appears the A/U is failing to hold above the .9000. I don't care what the China news comes out as...if price can't stay above .9000 price is going to continue down. Looks like we are going to retest .8850. Could keep going. We shall see.
AUD/USD: Trading the Chinese Flash Manufacturing PMI
- PA is King commented Aug 21, 2013
The USD at the moment.
Fed Seems on Track to Slow Bond Buys by Year’s End
- PA is King commented Aug 21, 2013
Well, pretty typical pattern...first the initial move(down), then the stophunt reverse move(up), then true direction(down again. However, we're pretty close to where we started before FOMC...so it could be sideways(range). I mentioned in a previous ...
Key Passages From Fed Minutes
- PA is King commented Aug 21, 2013
Get your game face on people...3 minutes to go!
Less-Dovish FOMC to Spark USD Breakout- Key Levels on Tap
- PA is King commented Aug 21, 2013
I did see your EU short add on yesterday, very nice spot! Congrats. I'm looking at the 1hr 200ma as possible first area of support around 1.3330, that's why I picked that area for longs. Of course, if it closes below there...I'll be looking for the ...
Sales of U.S. Existing Homes Rise to Highest Since 2009
- PA is King commented Aug 21, 2013
Alright, place your bets now...is E/U going to 1.3250 or 1.3500 after FOMC?
I'm going to say buy around 1.3330-50. stoploss about 1.3280 and TP 1.3490ish. Trading a smaller lot size due to the increased stoploss. Happy Trading!Sales of U.S. Existing Homes Rise to Highest Since 2009
- PA is King commented Aug 21, 2013
"A short note..." meaning short USD before Fed minutes!
I kid...I kid. Follow your charts, not the articles.A Short Note Before FOMC Minutes
- PA is King commented Aug 20, 2013
Another bank about to take a loss with their predictions??? We shall see.
Commerzbank Holds USD/JPY Short & Limit Orders To Sell EUR/USD & Buy Cable
- PA is King commented Aug 20, 2013
I tell you, e/u looks very similiar to 5 days ago on Aug. 15th. In fact, if you look at the 1hr chart you can see the Leg 1, Leg 2 pattern I talk about sometimes. Big rally Leg 1 on Aug. 15th(which happened to be the bounce off the 4hr ...
Germany’s Schaeuble Says Greece Needs New Aid Program
- PA is King commented Aug 20, 2013
Sounds like another reason for e/u to rally!
Actually, I'd just like to see it shoot up some more...show some capitulation. Might as well go to 1.3500 and knock out that level. Germany’s Schaeuble Says Greece Needs New Aid Program