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- PA is King replied Jan 18, 2016
I wouldn't say always, but tonight it didn't help.
kept the loss very small though, waiting for next setup. Overall trend is still down so that was technically the higher probability trade. That's on me.
Just Another A/U Thread...
- PA is King replied Jan 18, 2016
Not liking the last 2 15min Pinbars and failure to get above .6890. Looks like .6850 is going to break down and overall downtrend could resume. Will just have to be patient and look for a better setup. Save your money for another trade/day! Cheers
Just Another A/U Thread...
- PA is King replied Jan 18, 2016
Sorry for my delay in this post, wasn't able to get to the computer sooner...but should be able to go long A/U for 30-50pips. Of course, the better entry was around .6870. If we can clear .6900 then .6930-50 should be retested. Looks like short term ...
Just Another A/U Thread...
- PA is King replied Jan 17, 2016
it was sent through message to 3-4 members. Wasn't posted publicly.
Just Another A/U Thread...
- PA is King replied Jan 16, 2016
Thanks guys! While last year I focused on taking trades with the trend. I hope this year I can show you some counter trend setups also. The profits won't be as big, but it will still increase your account. A few of you know what I'm talking about as ...
Just Another A/U Thread...
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Just Another A/U Thread...
Started Jan 15, 2016|Interactive Trading|827 replies
Hey Everyone, After taking a break the second half of last year and receiving some private ...
- PA is King commented Aug 11, 2015
Good deal, happy it's working out. Although my view has changed as I mentioned last week. I think you're safe to buy dips as well as we seem to have found a bottom around .7250. So buying would have worked too. I will add in here that I still don't ...
Currencies Correct Pre-Weekend Move
- PA is King commented Aug 10, 2015
Anyone take my advice last week and buy dips on Aussie?
Currencies Correct Pre-Weekend Move
- PA is King commented Aug 4, 2015
We've had lots of selling over the months and a nice trend down for over a year. Stevens has exceeded his .7500 goal and price has seemed to found a bottom around .7250. I'm not sure anout a trend change yet...but a range or correction might be here ...
Statement by Glenn Stevens, Governor: Monetary Policy Decision
- PA is King commented Jul 24, 2015
Nah, just didn't really have anything new to say. Selling rallies on Aussie for the past few weeks has been profitable.
China Slump Breaks Aussie’s Back as S&P Spurs Slide to 2009 Lows
- PA is King commented Jul 24, 2015
I've been pretty quiet lately, but that's because nothing has changed...selling rallies has continued to be the higher probability trade. Eventually we'll get enough capitulation where a correction or trend change will occur. Until then, happy ...
China Slump Breaks Aussie’s Back as S&P Spurs Slide to 2009 Lows
- PA is King commented Jul 8, 2015
The current 1hr candle looks very similar to Monday's 1hr pinbar to the same area. We'll find out in 10minutes. Doesn't seem like any follow through on the buying.
Australia Labour Force
- PA is King commented Jul 8, 2015
Not exactly sure on that. Maybe bears taking profit or market makers stopping out bears? Could be anything really. The 1hr candle wasnt bearish, .7450 area was busted through. Testing .7480 area now. Normal ADR is around 100pips, we had a low of ...
Australia Labour Force
- PA is King commented Jul 8, 2015
I'm curious about .7450 area...it's been sold off around here for nearly three days and hasn't closed above .7500 all week since breaking that major support level. But to be fair, after weeks of selling and no real retrace...at some point we'll get ...
Australia Labour Force
- PA is King commented Jul 8, 2015
Good advice. If I may add in 3 things: 1) this is a perfect example of market makers hitting stops on both sides 2) this is a good example not to enter trades right around news. 3) a good example of why I personally like waiting for candle closes ...
Australia Labour Force
- PA is King commented Jul 8, 2015
That's one ugly and bearish 15min candle. Could be one ugly, bearish 1hr candle in another 15minutes.
Australia Labour Force