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- PA is King commented May 27, 2015
Some good posts guys, keep it up!
EUR/USD: Bouncing on the short-term trend-line
- PA is King commented May 27, 2015
I was going to add in there, the Pound is the only one that really had any type of pullback. Last Thursday is had a spike up in price...but then went flat and has been selling off since.
EUR/USD: Bouncing on the short-term trend-line
- PA is King commented May 27, 2015
Well, I'm scratching my head folks...Since May 14th(a day that didn't have any real major news)...Euro, Pound, and Aussie all started a selloff. E/U is down 600 pips straight, Pound 450pips, and Aussie 450pips. Two things strike me as odd: 1) I ...
EUR/USD: Bouncing on the short-term trend-line
- PA is King commented May 26, 2015
I think the RBA has been intervening(stealing) in the Aussie the past couple of weeks. It's done nothing but selloff since May 14th...no type of retrace at all, straight down. Not normal market behavior for any pair. My guess is Mr. Stevens didn't ...
Dollar Rallies in Asia and Europe, but may Pull Back in North America
- PA is King commented May 26, 2015
That success isn't spilling over into the Aussie!
It's official: Chinese stocks have surged over 100%
- PA is King commented May 25, 2015
Well guys and gals, I'm pretty much scratching my head on Aussie now. A couple weeks ago we finally broke out of the .7500-7900 range, but price has sold off nearly 7 straight days right back into the range. Price hasn't been acting normal either. ...
The Conference Board Leading Economic Index for Australia
- PA is King commented May 21, 2015
I don't use that big of a stoploss or profit target...but I'm still in favor of longs due to oversold conditions.
The Conference Board Leading Economic Index for Australia
- PA is King commented May 21, 2015
Tough week for me. No big losses, just a couple small ones...so I'm happy about that. Typically don't see 6 days of selling in a row on Aussie, so that's why I was trying a long...not to mention price was near the Daily 50ema, the bottom of a 4hr ...
The Conference Board Leading Economic Index for Australia
- PA is King commented May 20, 2015
Wasn't a good 1hr candle close...closed for -10. Keep the losses small and live to trade another day!
The Conference Board Leading Economic Index for Australia
- PA is King commented May 20, 2015
Quick update...price stalled lady night in Asian session around .7930 area for a couple hours, I closes for +5. We've had5days of selling, things are oversold...just trying to pick the right spot to go long...trying again at .7894.
The Conference Board Leading Economic Index for Australia
- PA is King commented May 18, 2015
Did pretty well last week(meaning I could risk taking a small loss), so took a chance with this one...didn't work so out for -20. Onto the next.
The Conference Board Leading Economic Index for Australia
- PA is King commented May 18, 2015
I'm long a/u at .7991
The Conference Board Leading Economic Index for Australia
- PA is King commented May 14, 2015
It's a tough call now...things were more clear at the beginning of the week. The Leg1 Leg2 pattern is pretty solid...Leg3 doesn't happen to often. We may just have some consolidation heading into the weekend.
AUD/USD – Surges to Three Month High Above 0.81
- PA is King commented May 14, 2015
Thanks Buster. Price Action isn't 100% accurate, but it usually puts the odds in your favor.
AUD/USD – Surges to Three Month High Above 0.81
- PA is King commented May 14, 2015
Just wanted to add one more thing about price action...on the 1hr chart was another clue the rallying was fading out. If you look at the candle that rallied up .8162 and then the following candle came right back down forming railroad tracks(aka ...
AUD/USD – Surges to Three Month High Above 0.81
- PA is King commented May 14, 2015
Read my above comment...I think it nearly 300pip rally pretty much straight up and the weekend coming near has traders taking profits. Just a normal pullback after a big rally. Nothing goes straight up/down forever. Cheers!
on a side ...AUD/USD – Surges to Three Month High Above 0.81
- PA is King commented May 14, 2015
I could be right or I could be wrong...but I was only looking for .8200 if price formed Leg 3 up from consolidation. It didn't do that thought, instead it spiked up around .8160 and then sold off 100pips. I'm thinking some profit taking is occurring ...
AUD/USD – Surges to Three Month High Above 0.81
- PA is King commented May 14, 2015
Awe, someone has a crush. Macdon, you have a secret admirer.
Happy trading!AUD/USD – Surges to Three Month High Above 0.81