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- PA is King commented Jun 26, 2015
Ah forex! You are a tricky beast...I can get the direction right 90% of the time, but when and how far are the hard parts. After last week's Fake FOMC rally, I called it time to go short on Aussie, Euro, and Pound(you can go back and look it up if ...
China stocks plunge 7%, slide toward bear territory
- PA is King commented Jun 26, 2015
Spot on. url might be more appropriate. Their so-called "best perfoming currency" Aussie has dropped 100pips in less than 24he's. Lmao I wonder how many of their clients just lost money!
AUD and NZD benefit from cash leaving Europe
- PA is King commented Jun 26, 2015
Boom, Aussie continues its selloff tripping stops. Nice 40pip drop last hour as early US session gets started.
China stocks plunge 7%, slide toward bear territory
- PA is King commented Jun 26, 2015
Nothing goes up(or down) forever. Stocks shot up too high, now the correction. Normal market cycles!
China stocks plunge 7%, slide toward bear territory
- PA is King commented Jun 26, 2015
P.s. I'm looking at the weekly chart, Aussie has a bearish weekly candle...how can that possibly be one of the best performing currencies this week according to forex.com? lmao. And the daily chart candle have been drifting lower since last Friday. ...
AUD and NZD benefit from cash leaving Europe
- PA is King commented Jun 26, 2015
Nothing tricky on Aussie. Sell the rallies near .7750 since it's been rejected there all week. It's also been held under .7800 for over a month on a daily chart now. Sell near those resistance levels, use a stop just on the other side to protect ...
Tricky market consolidation continues as fx traders await Greek resolution
- PA is King commented Jun 26, 2015
NEVER trust forex.com! Lol...they are a joke with their articles! Almost all of them are wrong and if you trade opposite what they say, you'll be profitable. I ignore most bankers and market makers articles on FF, but here's a tip on these ...
AUD and NZD benefit from cash leaving Europe
- PA is King commented Jun 25, 2015
You got that right! Wish I learned not to be greedy earlier in my trading career...but at least I did learn. ;-) Many pips to you!
AUD and NZD benefit from cash leaving Europe
- PA is King commented Jun 25, 2015
I agree, safer to have your money somewhere other than Europe...and Aussie isn't a bad option. I just don't see many people actually doing it. Yep, glad I stuck with price action. Had a short open earlier today at .7741, standard TP was just hit for ...
AUD and NZD benefit from cash leaving Europe
- PA is King commented Jun 25, 2015
The charts aren't showing any Aussie buying. It's been capped at .7750 all day and .7800 for over a month. Let me know when it closes above .8000 on the daily and I might believe it.
AUD and NZD benefit from cash leaving Europe
- PA is King commented Jun 25, 2015
18 straight hours below the .7750 cap on Aussie now. To be fair, Not a whole lot of selling either.
Technical Outlook – Important AUD Pairs
- PA is King commented Jun 25, 2015
My only real question...is the 60pip pullback from yesterday's low of .7680 to just under the .7750 resistance area going to be all the pullback we get? Price had been stalled just under .7750 for 8hrs now. Time and price action will tell. Happy ...
Technical Outlook – Important AUD Pairs
- PA is King commented Jun 25, 2015
Yes, it definitely hasn't dropped as far as I thought it would have by now. But on the other hand...it hasn't close above .7800 for over a month now on the daily chart. And it hasn't been able to close above .7750 this week on the daily so far. ...
Technical Outlook – Important AUD Pairs
- PA is King commented Jun 24, 2015
That's true on any pair, any day if the week. Just have to try and put the odds in your favor and trade in the right direction. After a few days of selling( and still stuck in the smaller range of .7600-.7800) it's time for me to be cautious and ...
Technical Outlook – Important AUD Pairs
- PA is King commented Jun 24, 2015
Without a doubt some traders can make money trading both directions. My posts are geared towards the higher probability of a winning trade. Many pips to you!
Consumers Help U.S. GDP Contract Less Than Previously Estimated
- PA is King commented Jun 24, 2015
As I eluded to yesterday, market makers are strengthening the USD...in other words, sell rallies on Aussie, Pound, Euro(although I wouldn't trade euro right now with the Greece volatility). Happy Trading!
Consumers Help U.S. GDP Contract Less Than Previously Estimated
- PA is King commented Jun 23, 2015
Thanks. Just to clarify, I don't trade news numbers...but I do watch price action and see how the market makers react to the news which could take a couple hours of patience after small news or a couple days later major news like FOMC. Learning just ...
Fed's Powell: Economy is in a bit of a slowdown
- PA is King commented Jun 23, 2015
I guess before anyone says it, I'll add in there that price isn't going to go straight down...or one way forever. There will be pullbacks in downtrend/uptrend. Sell rallies in a downtrend, but dips in an uptrend...sell high/but low in ranges. Many ...
Fed's Powell: Economy is in a bit of a slowdown
- PA is King commented Jun 23, 2015
Good euro data, less than expected US data yet the USD strengthens and Euro weakens. Prime example of why over the past year I've been saying ignore news and trade price action. The Market makers are in full control of the forex market make no ...
Fed's Powell: Economy is in a bit of a slowdown
- PA is King commented Jun 22, 2015
Again, another broker trying to distort things...this isn't about the Aussie. It's about the strengthening of the USD across the board. All the articles last week were about the "Dovish FED." but look now...the USD is stronger against the Aussie, ...
AUDUSD’s hit from all sides