- Search Energy EXCH
- PA is King commented Jun 16, 2015
IMHO, which doesn't mean much...I wouldn't be surprised to see USD weaken initially when the Feds leave rates unchanged. Then after the knee jerk reaction, the USD strengthen through out the day/week as traders start positioning themselves for a ...
AUDUSD Coils Ahead of FOMC
- PA is King commented Jun 16, 2015
Same story, different day...sell the fake rallies on Aussie around .7800. Limit your risk by placing a stop around .7810-20( depending on your entry and risk tolerance). Take 30-50 easy pips profit! Cheers!
RBA Minutes of the Monetary Policy Meeting
- PA is King commented Jun 15, 2015
For three weeks now Aussie has been held under .7800. Still lots of supply there. On the flip side, .7600 still seems to be near term support. Happy Trading
RBA Minutes of the Monetary Policy Meeting
- PA is King commented Jun 11, 2015
So what have we learned the past couple of weeks on Aussie? There is lots of supply/selling around .7800 and no matter what good news there is(GDP or Employment) there is no follow through on the spikes up...each rally is sold off shortly after the ...
AUD steady, waiting on RBA’s Stevens, speaking today
- PA is King commented Jun 11, 2015
Another day, another success for market makers stop hunting trader's trades in both direction!
Jobless Claims in U.S. Hold Below 300,000 for a 14th Week
- PA is King commented Jun 11, 2015
Same thing on Aussie employment data last night. Great data, spike up on Aussie followed by hours and hours of selling! Market Makers at their finest! They did the same on Good GDP news last week on Aussie too! Happy Trading!
Retail Sales Increase as U.S. Consumers Propel Growth Rebound
- PA is King commented Jun 10, 2015
Yep, that's the next event to move price.
AUD steady, waiting on RBA’s Stevens, speaking today
- PA is King commented Jun 10, 2015
Well, I wasn't expecting that spike down on Aussie based on NZD news...but I'll take it...my 50pip limit was hit while I was away attending other things.
AUD steady, waiting on RBA’s Stevens, speaking today
- PA is King commented Jun 10, 2015
I was hoping for a little bit higher pullback, but short at .7765. See where this goes...cautious about another attempt at .7800.
AUD steady, waiting on RBA’s Stevens, speaking today
- PA is King commented Jun 10, 2015
approximately 30pips. sometimes a little less(or I exit my trade early for a smaller loss). On rare occasions I may widen it depending on how I feel about the trade or when price is "jumpy" so as not to get pre-maturely stopped out. That's why I ...
AUD steady, waiting on RBA’s Stevens, speaking today
- PA is King commented Jun 10, 2015
The rally party is over for today. Aussie's normal ADR is about 100pips...it moved 150 today. Hit resistance at the 4hr 200ma which is also daily 50ma. And stalled just under .7800. If it happens to get close to the daily high again, I'll be looking ...
AUD steady, waiting on RBA’s Stevens, speaking today
- PA is King commented Jun 10, 2015
Looks like everyone is right today. We got the initial drop I was looking for(I only look for 30-50 pip profits as a day trader). Then price found support at 7640 area to form a double bottom on the1hr chart. And then it rallied close to .7800. ...
AUD steady, waiting on RBA’s Stevens, speaking today
- PA is King commented Jun 9, 2015
News and people may lie...but price action doesn't!
AUD steady, waiting on RBA’s Stevens, speaking today
- PA is King commented Jun 9, 2015
He's wanted it at .7500 for a long time, but I do think he's happy with the .7500-.8000 range now. Personally, which doesn't mean much, I think the RBA or some central bank intervened in the market a few weeks ago when price spike up around .8150 ...
RBA Stevens: Economic Conditions and Prospects - Creating the Upside
- PA is King commented Jun 9, 2015
The short opportunity was a while ago when price was just above .7700. On a different note, did anyone really think Stevens would say anything to rally the Aussie? It's well known he wants Aussie at .7500.
RBA Stevens: Economic Conditions and Prospects - Creating the Upside
- PA is King commented Jun 9, 2015
Well, I can't argue support just above .7500...it's been there for a while. In the grand scheme of things we have been in a wide .8100-.7500 range for months now.
AUD steady, waiting on RBA’s Stevens, speaking today
- PA is King commented Jun 9, 2015
Last week Aussie had one big bullish daily candle followed by a Pinbar, and then two days of selling. We had a bullish daily candle Monday and a Doji candle today...if history repeats, should see two days of selling. Aussie has hit a wall(supply) ...
AUD steady, waiting on RBA’s Stevens, speaking today
- PA is King commented Jun 9, 2015
Seems like things have slowed down...just took my normal 30pips and calling it a day. Hope some of you made pips too!
NFIB: Small Business Optimism Rises in May
- PA is King commented Jun 9, 2015
Triple top on Aussie 1 hr chart around .7710. There's your current supply area and a stop slightly above today's high would minimize risk. Cheers
NFIB: Small Business Optimism Rises in May
- PA is King commented Jun 7, 2015
I apologize everyone for my above comment. I looked at the wrong week on the calendar...the FOMC meeting is next week, not this week.
Week Ahead: RBNZ, Retail Sales, Sell EUR/USD Rallies, Buy EUR/JPY