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- PA is King commented Aug 7, 2013
It won't go straight up forever, so it will pullback. When? I don't know that, that's for the market to decide. But I'd be looking for 1.5400 as the first major support area(broken prior resistance). I doubt it comes down there today though. I could ...
Bank of England Inflation Report
- PA is King commented Aug 7, 2013
I think you're right...just look at how many people are short GU and EU(nearly 70%). More damage to come because people can't handle losing money so they think the market will come back down to let them out of their losing trades.
Bank of England Inflation Report
- PA is King commented Aug 7, 2013
Just another down day for the USD. The price action, nor market is fooled by any tapering talk!
IMF Calls on Berlin to Loosen Pocketbook
- PA is King commented Aug 7, 2013
Winner winner chicken dinner!
USD Index Set To Base As EUR/USD Creates A 'Diamond Top' - BofA Merrill
- PA is King commented Aug 7, 2013
Well, there went 1.5500 level.
Bank of England links interest rates to jobless target
- PA is King commented Aug 7, 2013
Yep, it can go either way...have to stay flexible. If I don't get the daily candle I'm looking for, then I'll come up with a new plan or trade a different pair.
Will EM Intervention Eventually Hurt The Euro? - JP Morgan
- PA is King commented Aug 7, 2013
Well, considering the article was talking about the Eur/Usd "top"....and they are looking to short. That trade! The g/u trade you speak of should have been put on another on yesterdays "bad call" thread
USD Index Set To Base As EUR/USD Creates A 'Diamond Top' - BofA Merrill
- PA is King commented Aug 7, 2013
Still think we can reach 1.3500 by the end of this week on E/U...we'll need to break today's/yesterday's highs though and close with a bullish daily candle.
Will EM Intervention Eventually Hurt The Euro? - JP Morgan
- PA is King commented Aug 7, 2013
Well, if GU can make it back down to 1.5400, that should be a good buy area. It was resistance, probably now going to be support. Of course, use proper money management and a relatively small stoploss to protect yourself.
Just wondering if we'll ...Bank of England links interest rates to jobless target
- PA is King commented Aug 7, 2013
BofA better hope they make money on this trade because they are going to need it for the lawsuit the US just filed against them about home mortgages!
USD Index Set To Base As EUR/USD Creates A 'Diamond Top' - BofA Merrill
- PA is King commented Aug 7, 2013
I love it...another example of something that that US Fed does and the dollar gets hammered. But when another country does it, their currency rallies! If you can learn these little details of the market, the profits will fill your account! Happy ...
Bank of England links interest rates to jobless target
- PA is King commented Aug 7, 2013
That's the sole purpose of market makers.
Bank of England provides monetary policy guidance
- PA is King commented Aug 6, 2013
Well the S&P and Dow might be confirming Taper is closer...but the GU and EU aren't! USD is definitely weaker so far today. Same weakness on UJ and UChf. Lets see how it finishes the day. Might even see EU at 1.3500 by the end of the week depending ...
S&P Loses 1,700; Dow Off 140 From Highs
- PA is King commented Aug 6, 2013
Yep, I'm just waiting to see how price reacts around .9000 before I make my final decision on buying or selling. At this point, I'm short with a small stoploss just above .9000. I could be wrong, but I haven't over leveraged my trade...so the loss ...
RBA Statement
- PA is King commented Aug 5, 2013
I'm not saying it won't go up...but there is a lot of resistance to break through if it is going to do that. Not much follow through after breaking through .8970. I'm going to need to see a daily close above .9000 to convince me that selling the ...
RBA Statement
- PA is King commented Aug 5, 2013
If it can make it above .8970, then I think you have a shot.
RBA Statement
- PA is King commented Aug 5, 2013
Until we get a close on the daily above .9000, I personally will be selling rallies. As of right now, we have a double top from last weeks US NFP.
RBA Statement
- PA is King commented Aug 4, 2013
Just keep selling the AU on any rally!
My view will only change if we close above .9000(but I don't see that happening anytime soon). Next pause is .8800.Australia Retail Trade
- PA is King commented Aug 4, 2013
If gold goes down, oil goes down, and with expected AUD rate cut...not to mention AU staying below .9000...I'd keep selling the rallies on Aussie.
Gold Pulls Back
- PA is King commented Aug 2, 2013
Winner winner, chicken dinner. AU under 8900, took my 50pip profit and calling it a day. Have a good weekend everyone!
Payrolls Rose 162,000 in July; U.S Jobless Rate Falls