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- PA is King commented Mar 5, 2015
Ok, just closed my trade for +25pips. Not sure if it's hitting resistance at the .7785 area the was price support earlier in the day. Will be looking forward to a possible setup tomorrow!
USD Head and Shoulders above AUD
- PA is King commented Mar 5, 2015
Actually, I take that back. I'm going to try a long here at .7755 as price looks a little bit oversold for the day, we are near it's normal ADR, and price found support around this level on Monday this week and Tuesday last week. A slightly smaller ...
USD Head and Shoulders above AUD
- PA is King commented Mar 5, 2015
Yep, I'm just going to wait until after tomorrow's NFP at this point. Last month US NFP was good and Australian employment was bad...but A/U rallied 100pips after the initial news selloff. Waiting to see if it happens again tomorrow!
USD Head and Shoulders above AUD
- PA is King commented Mar 5, 2015
There's your dip below .7800. Now the only question is have we found support around the .7785 area staying just above the Double Bottom area of .7750 from last week and Monday? Or will we get a retest of .7750 for a better entry long. I don't expect ...
Australian National Accounts: National Income, Expenditure and Product
- PA is King commented Mar 4, 2015
My suggestion is we are still in a range...I would buy dips below .7800(if it can even do that). Take profits around .7850. I have no interest in shorting, for me...the higher probability of a winning trade is with buying the dips. Again, that's my ...
Australia Retail Trade
- PA is King commented Mar 4, 2015
Nothing, more noise. Look at the charts, still lots of support at .7800.
Australia Retail Trade
- PA is King commented Mar 4, 2015
All just noise my friend!
Australian National Accounts: National Income, Expenditure and Product
- PA is King commented Mar 4, 2015
How much time are you giving it? A day, week, month, year, more? You'd be 100% correct given enough time! lol Also, dips don't count. A sustained move that stays below .7800 would be a good start...but .7700 is the stronger support. .7800 is more ...
Australian National Accounts: National Income, Expenditure and Product
- PA is King commented Mar 4, 2015
What, no mention of Aussie? lol Oh yeah, that's because that pair really isn't moving much...ranging between .7800 and .7850!
The forex markets are moving
- PA is King commented Mar 4, 2015
Eu selling of, gu selling off , yet the Aussie is bouncing off .7800 yet again. Just sayin'
Australian National Accounts: National Income, Expenditure and Product
- PA is King commented Mar 4, 2015
I'm sure you're not the only one to hope I'm wrong. lol.
The market makers have lots of people trapped down lower around .7700 and below.What's Next For AUD Post-RBA? - Views From 15 Major Banks
- PA is King commented Mar 3, 2015
Not one bank was bullish on the Aussie...lol. I know what that means.
Also, I like how a few of the banks expected A/U to be around .7300 to .7500 by the end of 2015. That's only a few hundred pips away...if it makes it down there!What's Next For AUD Post-RBA? - Views From 15 Major Banks
- PA is King commented Mar 3, 2015
lol...yeah, no real follow through so I took my small profit too. Time to wait for next setup.
Australian National Accounts: National Income, Expenditure and Product
- PA is King commented Mar 3, 2015
Well, was looking for 30-50pips...but no real follow through on buying. Closed for +15.
Australia 200 – Runs into Resistance at 6000
- PA is King commented Mar 3, 2015
You guys should learn to read price action and ignore the actual news numbers. Just sayin'
Australian National Accounts: National Income, Expenditure and Product
- PA is King commented Mar 3, 2015
Possible long setup with the three current bearish candles on A/U. Of course, news coming out in a few minutes...trade accordingly(proper risk management/tolerance, lot size, money management, etc...).
Australia 200 – Runs into Resistance at 6000
- PA is King commented Mar 3, 2015
From a price action standpoint...after the February rate cut, after the initial selloff...price rallied 200pips! Then when BAD Aussie employment data came out, again after intial selloff, price rallied 100pips! Price hasn't been able to stay below ...
Aussie Jumped 0.6% in Minute Before RBA’s Rate Announcement
- PA is King commented Mar 3, 2015
Insider trading aside...common sense told me with how conservative the RBA usually is(and they don't like to rock the markets too often) that there was no chance they were going to cut interest rates two times in a row!
Aussie Jumped 0.6% in Minute Before RBA’s Rate Announcement
- PA is King commented Mar 3, 2015
Hopefully you're a scalper.
Statement by Glenn Stevens, Governor: Monetary Policy Decision
- PA is King commented Mar 2, 2015
lol...shhhhh. Don't let the secret out!
Hope a lot of you made pips tonight!Statement by Glenn Stevens, Governor: Monetary Policy Decision