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- PA is King commented Aug 15, 2013
Can't wait to see what happens to the USD if the Fed doesn't taper in September.
Take Aways from US Data Dump
- PA is King commented Aug 15, 2013
Guys, I think you're reading too much into my comment. It wasn't meant to be taken so literally...more like "the news doesn't matter." Just trade your charts...Price Action is King!
Aug. NAHB builder confidence hits nearly 8-yr high
- PA is King commented Aug 15, 2013
Funny, I only see 2 good data numbers out of the US but 5 bad and 2 neutral. Yet it seems like the market only cares about the 2 good ones and is buying USD today. Not that I care too much, already made my profit on short AU from 9170, took profit ...
Aug. NAHB builder confidence hits nearly 8-yr high
- PA is King commented Aug 9, 2013
Another tapering article to lead retail traders to more losses? I think the market has had enough of the "will they taper or won't they taper." So the USD will stay flat or get weaker until there is actually some action and not just talking about ...
Don't Write Off The USD Just Yet - Commerzbank
- PA is King commented Aug 9, 2013
Had a good 350pip run up on AU this week, I'm going to need a bit of a pullback before any more longs. But my trading is based more on probabilities...so while price could bounce off the 4hr 200ma here and continue up, I think there's a high prob it ...
RBA Statement on Monetary Policy August 2013
- PA is King commented Aug 9, 2013
Well, I wasn't going to say anything(it was my secret)...but I use the 13, basically the same as 14.
RBA Statement on Monetary Policy August 2013
- PA is King commented Aug 9, 2013
50 and 200 should be good enough for most traders to at least make a small profit.
RBA Statement on Monetary Policy August 2013
- PA is King commented Aug 9, 2013
Thanks guys...but it wasn't really that hard. In fact, it was nothing more than looking at the 200ma on the 4hr chart. I do believe the 200 is one of jaygee's favorite ma's!
Seems to be finding some resistance at the 9200 level now...I was ...RBA Statement on Monetary Policy August 2013
- PA is King commented Aug 9, 2013
I'll be expecting more next week and the week after. Better luck in September USD, maybe Bernanke will help you with some actual tapering instead of just talking.
Dollar on track for 1% weekly decline
- PA is King commented Aug 9, 2013
Take the rest of the day off, enjoy the weekend. Come back next week refreshed and open minded to follow your charts and ignore personal beliefs.
ECB says banks to repay EUR 516mln from 1st LTRO, 200mln from 2nd LTRO
- PA is King commented Aug 9, 2013
NFP is out of the way, No Fed statement in August, taper isn't going to affect anything(the FED has lost it's credibility)...no catalyst for the dollar to gain any strength imho. We'll probably continue to see ranges or dollar weakness for the rest ...
ECB says banks to repay EUR 516mln from 1st LTRO, 200mln from 2nd LTRO
- PA is King commented Aug 9, 2013
I feel bad for anyone who went long the USD at the beginning of the week and tried to hold that trade. 5 straight days of dollar selling so far. Maybe you'll catch a break today on some profit taking.
3 Numbers to Watch: Chinese output, investments and retail sales
- PA is King commented Aug 8, 2013
I wouldn't be surprised to see them rally it to stopout those who were short...then drop it some to stop out those who were long(and get more people to short again)...then rally it up even more. 9170 is the next resistance area I see. Also, there ...
RBA Statement on Monetary Policy August 2013
- PA is King commented Aug 8, 2013
That's how the market makers make money. Nice 40pip rally off the pre-news move down(fakeout).
RBA Statement on Monetary Policy August 2013
- PA is King commented Aug 8, 2013
Let me know when we are below .9000 again and I'll consider it. Above that, I'll buy the dips. The USD has been weak all week long, I don't see any reason for it to change tonight/tomorrow.
RBA Statement on Monetary Policy August 2013
- PA is King commented Aug 8, 2013
From time to time I like to look at the various websites that detail retrail traders positions. It's funny, FF shows 71% short EU and 64% short GU. Oanda shows 72% short EU and 62% short GU. Myfxbook shows 75% short EU and 84% short GU! And why is ...
Unemployment insurance weekly claims report
- PA is King commented Aug 8, 2013
Better than previous, but less than expected. Fairly neutral, will probably see more USD selling, seems to be the theme of the week. Eventually we'll get a pullback, but I'm not expecting anything big or dramatic.
Unemployment insurance weekly claims report
- PA is King commented Aug 8, 2013
Thanks for my morning funny!
Mighty Dollar Deflates During Europe’s Timeout
- PA is King commented Aug 7, 2013
With the close near the highs of the day and price basically straight sideways...I would expect a Leg 1, Leg 2 up pattern to play out. May or may not happen, but I would put the odds in it's favor. I think someone else mentioned 1.5800 earlier ...
Someone Just Bet Big On A Spike In September "Taper" Volatility
- PA is King commented Aug 7, 2013
It's not priced in on GU, that's for sure...not after today's 300+ pip rally!
Someone Just Bet Big On A Spike In September "Taper" Volatility