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- PA is King commented Jun 6, 2015
The Market makers have everything under control. I can't see their books so I don't know which way they will go first, but one of two things will happen this week: 1) USD will strengthen early in the week and selloff after FOMC or USD will be weak ...
Week Ahead: RBNZ, Retail Sales, Sell EUR/USD Rallies, Buy EUR/JPY
- PA is King commented Jun 5, 2015
Well, if anyone remembers last year...the market was always looking for 300k. Short term memories I guess. But when you post as a "guest"...is really easy throw stones isn't it?
‘This is what a good jobs report looks like’: payrolls reactions
- PA is King commented Jun 5, 2015
Yes, lower everyone's expectations(it use to be over 300k was good)...and now anything around 250k is good....the new norm! lol The fake rallies at the beginning of the week on euro, pound, and Aussie were just market makers clearing their ...
‘This is what a good jobs report looks like’: payrolls reactions
- PA is King commented Jun 5, 2015
Just as expected...down Aussie goes. The maket makers spent two weeks selling Aussie for 650 pips, then they took one day(Tuesday) on a major 200pip stophunt. There was no follow through...only two more days of selling. And then today, they created ...
Australia Retail Trade
- PA is King commented Jun 5, 2015
With a low 220k forecast, it shouldn't be hard to meet or beat that expectation.
U.S. jobs market seen firming despite lackluster growth
- PA is King commented Jun 4, 2015
Thank you. I hope my posts do help some traders learn/understand price action and how the markets work better. Many pips to you!
Australia Retail Trade
- PA is King commented Jun 4, 2015
Yeah, I agree...that's pretty much what I was talking about, the big move will come after NFP. Happy Trading! p.s. So much for the Good GDP number a couple days ago eh? lol
Australia Retail Trade
- PA is King commented Jun 4, 2015
I going to keep this one to myself. But let me add in here a rhetorical comment...the euro rallies 150pips today, the pound about 130....both are back where they started....Aussie is the only one to move 100 pips straight down(looking at the daily ...
Australia Retail Trade
- PA is King commented Jun 4, 2015
Just a recap of the week for those who are interested in how forex works: 1) Monday was a false move lower by the market makers to make traders think/enter short on Aussie 2) Tuesday was a major stophunt higher to take out the bears and get traders ...
Australia Retail Trade
- PA is King commented Jun 3, 2015
I live in the USA, so I can only trade with US brokers. I'm not familiar with brokers in India...sorry I can't help in this matter.
Australia Retail Trade
- PA is King commented Jun 3, 2015
I have before and sometimes still do...but with the volatility lately I just wanted to cash out. I'll wait for another setup.
Australia Retail Trade
- PA is King commented Jun 3, 2015
Well, I'm kicking myself a little for closing my short before the news came out...would be a nice profit right now. On the flip side, if price spike up on good news...I would have lost my profits. So I can't be mad. Here's the part that you guys ...
Australia Retail Trade
- PA is King commented Jun 3, 2015
Well, looks like price has stalled around .7770 area for hours now. Going to take profit(and risk off the table) before news tonight. +35 pips. Another thing aiding my decision is the fact that E/U over a 200pip range today, G/U had over a 100pip ...
Australian National Accounts: National Income, Expenditure and Product
- PA is King commented Jun 3, 2015
Already up 30pips...50 is my limit. Gotta love trading price action!!!
Australian National Accounts: National Income, Expenditure and Product
- PA is King commented Jun 3, 2015
Looks like a double top on the one hour chart around .7810. Trying a short with a stop slightly above today's high.
Australian National Accounts: National Income, Expenditure and Product
- PA is King commented Jun 3, 2015
Lots of supply at the .7800 area...Aussie is trying to eat through it
Australian National Accounts: National Income, Expenditure and Product
- PA is King commented Jun 3, 2015
Euro up 140 pips from the lows of the day, pound rallied 75 pips and Aussie only 40 pips...just goes to show you the markets feelings on Aussie(which isn't much).
Australian National Accounts: National Income, Expenditure and Product
- PA is King commented Jun 3, 2015
I think ADP will have little affect. There are more important news items today and on Friday.
Australian National Accounts: National Income, Expenditure and Product
- PA is King commented Jun 3, 2015
Looks like GDP news was just a One Hit Wonder! 1hr hour it rallied, follow by 10hrs of drifting lower back down to pre-news levels. Now onto the next set of news items to cause movement. Happy Trading!
Australian National Accounts: National Income, Expenditure and Product
- PA is King commented Jun 2, 2015
We've also had a 200 pip rally with no pullback and trouble following through above .7800. One other thing...the 200 pip rally is the first pullback in two weeks from almost a 600 pip drop. Could get tricky here. Happy trading!
Australian National Accounts: National Income, Expenditure and Product