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- PA is King commented Mar 20, 2015
Market makers aside, from a technical point of view...we a huges rallies on Wed. Yesterday was a pullback, but price didn't go below or close below Wednesday's low. And today prices have rallied to completely reverse yesterday's selloff. 2 big ...
Taking a step back from the fray
- PA is King commented Mar 20, 2015
Unless they already have enough traders trapped short that they aren't going to make a double bottom!
Taking a step back from the fray
- PA is King commented Mar 20, 2015
Sorry folks...there will be no selling today. The market makers have lots of people trapped down below. Aussie and Pound still making new highs on the day. Euro sitting near the highs. The market makers aren't going to let those poor shorts out of ...
Taking a step back from the fray
- PA is King commented Mar 20, 2015
And just like that...another new high on the day for Aussie and Pound! lol Like I said, won't be caught dead trying to sell today! Now if we finish near the highs or only a small pullback from the highs today...that means the market makers have a ...
Technicals on forex majors still developing again but the DAX remains bullish
- PA is King commented Mar 20, 2015
Oh I agree, Wednesday was a HUGE stoploss hunt day! IMHO, the Thursday selloff on Aussie, Euro, Pound appears to be so that the market makers or big traders can get in long at a good price on those pairs. I'll just have to be patient and wait for ...
Technicals on forex majors still developing again but the DAX remains bullish
- PA is King commented Mar 20, 2015
Have to be patient and see how today finishes up!
Stevens: Remarks to the American Chamber of Commerce in Australia (AMCHAM)
- PA is King commented Mar 20, 2015
We still have a few hours to go before today's daily candle closes...but if it's bullish(closes up here or higher on A/U, E/U, G/U)...that would be 2 bullish candles and only 1 bearish these past three days. I would be tempted to say a USD ...
This Week's Central Bank Rodeo
- PA is King commented Mar 20, 2015
Excellent! Enjoy your profits on these wild rides. If you guess right, extremely profitable. Get caught on the wrong side...well, I don't wish that upon anyone!
Technicals on forex majors still developing again but the DAX remains bullish
- PA is King commented Mar 20, 2015
US traders have done nothing but sell USD since 7am eastern time. Be careful, they are gunning for stops...don't think there will be much selling today.
Merkel says EU leaders are sticking to Feb 20 agreement with Greece
- PA is King commented Mar 20, 2015
LMAO! You have that right. Classic market maker behavior! Get everyone thinking long on Wed FOMC, then get everyone thinking short the next day(Thursday), then reverse it one more time on Friday. Whipsaw lots of traders and kill their accounts! Hope ...
Technicals on forex majors still developing again but the DAX remains bullish
- PA is King commented Mar 20, 2015
And the markets irrational behavior has started again in the US session with euro and pound rallying 50pips or more. Gladly watching from the sidelines.
Technicals on forex majors still developing again but the DAX remains bullish
- PA is King commented Mar 20, 2015
Not much on the calendar today...I assume most traders will be squaring their positions today(not entering new ones) before the weekend. Looks like A/U is pivoting around .7680 still +/- 20pips either side roughly. Not good trading conditions for my ...
Stevens: Remarks to the American Chamber of Commerce in Australia (AMCHAM)
- PA is King commented Mar 20, 2015
5hrs since my last post and Aussie still couldn't break .7700(came close). And it's still struggling at the .7680. No buyers around willing to push it higher. But on the otherhand...not many sellers around to push it below .7650 either! Just ...
Stevens: Remarks to the American Chamber of Commerce in Australia (AMCHAM)
- PA is King commented Mar 19, 2015
Also with it being Friday, could be some profit taking. Can't see why anyone would gamble to open a new position to hold over the weekend, but that's just me.
Stevens: Remarks to the American Chamber of Commerce in Australia (AMCHAM)
- PA is King commented Mar 19, 2015
Not much reaction in the market. Price seems to be struggling at .7680 area, not sure it can clear .7700. Could be worth a short trade, stoploss just above .7700 and standard 30-50pip target. After the wild swings the past two days, have to be ...
Stevens: Remarks to the American Chamber of Commerce in Australia (AMCHAM)
- PA is King commented Mar 19, 2015
Well, after 300pip selloffs on E/U and G/U, and a 200pip selloff on A/U today...I would expect some type of pullback. But to go as high as you're suggesting, I think that would be pretty difficult. Not saying it won't happen...I just don't see any ...
The Conference Board Leading Economic Index for the U.S. Increased Again
- PA is King commented Mar 19, 2015
Well, not even 24hrs later and all the gains Euro, Pound, and Aussie made have evaporated. For me personally, it looks like the market makers just squared their books and made a nice profit yesterday afternoon using the Fed as an excuse to rally ...
The Conference Board Leading Economic Index for the U.S. Increased Again
- PA is King commented Mar 19, 2015
My results vary from day to say, week to week depending on market conditions. Yesterday was a very good day, but not the norm. Some days or weeks have zero growth. But it all averages out to positive growth at the end of the month.
Fed Drops ‘Patient’ Stance, Opening Door to June Rate Increase
- PA is King commented Mar 19, 2015
You are both correct...the market moves up and down. And those movements are controlled by the market makers.
Dollar fights back after Fed drives it down
- PA is King commented Mar 18, 2015
I am still leaning that way. Just making sure there won't be anymore surprises to the topside. Guess you could call me cautious right now.
Fed Drops ‘Patient’ Stance, Opening Door to June Rate Increase