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- PA is King commented Jul 13, 2013
Hopefully I Will Be Again, But I Don't Control The Markets And Will Be The First To Admit I'm Not Perfect. I Take Losses Too From Time To Time.
Aussie takes a pasting through 0.9050
- PA is King commented Jul 12, 2013
Guess we'll have to wait until next week for .8800. That is IF, it can close below .9000.
Aussie takes a pasting through 0.9050
- PA is King commented Jul 12, 2013
It's All Part Of Forex. MarkeT Got You Thinking Long AFter Bernanke, But The True Direction Was Still With The Overall Downtrend. If 0.9000 Doesn't Get Taken Out Today, It Should Be Sunday/Monday. Happy Trading!
Aussie takes a pasting through 0.9050
- PA is King commented Jul 11, 2013
Now we have some USD selling. The lower highs pattern on GU, EU, and AU have ended.
Now we get dollar selling taking over
- PA is King commented Jul 11, 2013
Nice post. Especially the last sentence! Hope others are reading/learning from that!
Thoughts on FX Price Action
- PA is King commented Jul 11, 2013
Seriously, we have 1 bullish 15min candle this forexlive.com gets all excited about dollar selling??? We've just had 3 bearish 15min candles after their post. Oh, and looks at AU now...right back to yesterday's Pre-Bernanke comments at 9120!
Now we get dollar selling taking over
- PA is King commented Jul 11, 2013
Agreed. I use Price Action to put the odds in my favor. I'll be the first to admit I'm not perfect and don't always get the direction right...hence the importance of cutting the losses and money management.
Thoughts on FX Price Action
- PA is King commented Jul 11, 2013
I don't know, the Double Top Price Action on AU gave me a nice short entry at 9275.
Thoughts on FX Price Action
- PA is King commented Jul 11, 2013
Hey look at that...AU right back down to 9150! haha Lets not get all excited about dollar selling until we get some confirmation. I stand correctly, AU down to 9143 now...nearly 40pips down in 10minutes!
While I see the possibility of some ...Now we get dollar selling taking over
- PA is King commented Jul 11, 2013
Yeah, that's why I need to switch from trader to analyst.
Thoughts on FX Price Action
- PA is King commented Jul 11, 2013
Well, EJ has given back all it's Bernanke pips. AU is still selling off and almost fully back to pre-Bernanke levels. GU and EU shouldn't be far behind. Back to the overall downtrends
Greek Unemployment, Non-Performing Loans Soar To Fresh Record Highs
- PA is King commented Jul 11, 2013
Price action/technical trading. Chart patterns, candlestick patterns, Support&Resistance areas. A few basic moving averages(200 and 50). That will lead you in the right direction.
The hardest part is going to develop the discipline to wait for ...Greek Unemployment, Non-Performing Loans Soar To Fresh Record Highs
- PA is King commented Jul 11, 2013
Do these guys get paid for this? I should start my own blog....I basically said the same thing hours ago.
url Thoughts on FX Price Action
- PA is King commented Jul 11, 2013
bad news = strong currency! or in the AUD/USD's case...good news = weak currency.
Greek Unemployment, Non-Performing Loans Soar To Fresh Record Highs
- PA is King commented Jul 11, 2013
I understand some of you are new...and for those that are, I recommend not trading around news time. Many many many times price does the opposite of what the news data suggests. Take notes, watch and learn how price reacts to news. This is why I ...
Unemployment insurance weekly claims report
- PA is King commented Jul 11, 2013
watch and see...give it a few minutes for price to settle down. the news numbers(fundamentals) won't matter much...just watch how price reacts to it. Right now the US data was bad, but the USD is getting stronger! It took a pounding yesterday ...
Unemployment insurance weekly claims report
- PA is King commented Jul 11, 2013
Looks like it...From yesterday's Bernanke spike...the EU has retraced 150pips, AU 100pips, GU 70pips, UJ 100pips, Ucad 90, and Uchf 100pips. There has been no follow through selling of USD so far.
For Now Dollar Bulls Lick Their Wounds
- PA is King commented Jul 11, 2013
No follow through selling of USD in Asian or London sessions....see what US session brings.
Fracking Pushes U.S. Oil Output to Highest Since 1992