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- PA is King commented Apr 14, 2015
Price Action is king again...just closed for 30pips, skipping the news. Cheers
Dollar Extends Gains as China's Exports Slump
- PA is King commented Apr 14, 2015
As expected, price stalled at the 1hr 200ema near .7650. Price has also rallied 95pips for the day, and Aussie's normal ADR is roughly 100pips....figured the odds were good for a short. In at .7644...just looking for a 30-40pip gain since it's a ...
Dollar Extends Gains as China's Exports Slump
- PA is King commented Apr 14, 2015
Well, the euro has rallied 150 pips from the lows today, Pound 180pips, but the Aussie hasn't even rallied 100pips...while the US news wasnt good today, the lack of Aussie to follow the Euro or pounds rally keeps me thinking the market is still ...
Dollar Extends Gains as China's Exports Slump
- PA is King commented Apr 14, 2015
lol...I know right? Seems like the moves always happen when you're sleeping!
Dollar Extends Gains as China's Exports Slump
- PA is King commented Apr 14, 2015
Well, there you have it, price did go up to the1hr 50ema and thensold off 75pips! Too bad I was sleeping and missed the move.
Dollar Extends Gains as China's Exports Slump
- PA is King commented Apr 13, 2015
Ha, looks like the market wants to prove me wrong. Currently I still think shorts are the way to go, but it looks like price may retrace a little higher...maybe to the 1hr 50 or 200 ema's. Since it popped above my .7600 level, just have to sit back ...
Dollar Extends Gains as China's Exports Slump
- PA is King commented Apr 13, 2015
Yeah, considering A/U's normal ADR is around 100pips...and it dropped about 115pips, perfectly normal for it to move back into consolidation and even retrace a bit before the next drop. Still seems to be lots of resistance at .7600...entry close to ...
Dollar Extends Gains as China's Exports Slump
- PA is King commented Apr 13, 2015
I see selling A/U rallies is still the correct trade...price can't stay above .7600 at all now. Cheers!
Dollar Extends Gains as China's Exports Slump
- PA is King commented Apr 12, 2015
Currently, if Aussie consolidates around .7600 then I can see a leg1 leg2 pattern to the downside occurring. Scenario two would be a retrace between .7630-7650 before more selling occurs. And lastly, I have to throw in the very small possibility we ...
World Bank warns of hit to Australia as Chinese growth falters
- PA is King commented Apr 12, 2015
Will Aussie finally break .7500? I hope so, range trading isn't my preferred method.
China's trade figures disappoint ahead of GDP
- PA is King commented Apr 12, 2015
Mentioned it last week...the charts and price action don't lie. Price couldn't ever stay above .7700. Via la shorts! Cheers!
China Econ: Trade Balance (CNY) came in at 18.16B vs 250.B expected in March; prior figure is...
- PA is King commented Apr 12, 2015
Well, as I mentioned last week...the Aussie failed for nearly two weeks staying above .7700...and never able to break above .7750. Sell the rallies was the theme...looks like it's continuing to start the week!
Morning View: New Week, Old Theme
- PA is King commented Apr 10, 2015
Price can't stay above .7700 for two weeks now...couldn't break .7750 either.
Australia Housing Finance
- PA is King commented Apr 10, 2015
Just like every other day the past two weeks, each rally above .7700 is met with sellers back down below .7700. Only thing different is the level the highs. Sometimes .7700-10, Sometimes .7720 area, then a brief .7730-35 attempt. Except now we have ...
Australia Housing Finance
- PA is King commented Apr 9, 2015
Looks like a Head&Shoulder pattern on the 1hr A/U chart...the follow through to the down side TBD.
Australia Housing Finance
- PA is King commented Apr 9, 2015
Guess I was a day early...hit .7730 area today..but yet again, back below .7700. It is making higher lows though.
A Chinese win at IMF no one-way bet for yuan
- PA is King commented Apr 8, 2015
Yep, couldn't quite get as high as I thought it might. Same result as the past week and a half, any rally at/above .7700 is met with lots of sellers. Cheers!
A Chinese win at IMF no one-way bet for yuan
- PA is King commented Apr 8, 2015
Well, the A/U poked a little higher above .7700 again today...but in the end the result was the same, price stalled and the sellers stepped in to drive it back "down under"...yet again! Still stuck in a range. Happy Trading!
Australian PCI
- PA is King commented Apr 8, 2015
If Aussie sticks with its normal ADR, then .7730-50 should be the highs today.
A Chinese win at IMF no one-way bet for yuan
- PA is King commented Apr 8, 2015
I also noticed a double bottom on the Daily.
A Chinese win at IMF no one-way bet for yuan