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- PA is King commented Mar 2, 2015
Funny how a lot of you are saying "I knew it"....but I'm the one who actually called it! 5 days ago!!! Just sayin'
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Statement by Glenn Stevens, Governor: Monetary Policy Decision
- PA is King commented Mar 1, 2015
In the first link, why are you giving us information from an article dated December 2014??? And in the second link, you posted an article that talks about an aussie rally which contradicts your view of a gap down. Weird
China Steps Up Easing With Second Rate Cut in Three Months
- PA is King commented Mar 1, 2015
Are you guys sure it won't gap up? I mean, the Aussie rallied 200pips after the initial drop on RBA rate cut. The market has time to digest things before Sunday's open. p.s. This is why I rarely hold trades over the weekends. News could get you bad ...
China Steps Up Easing With Second Rate Cut in Three Months
- PA is King commented Feb 27, 2015
Another week, same results...Aussie still pivoting around .7800... Not able to stay below. It pushed higher above .7900 but found sellers again that high. My view is the same...buy the dips as price keeps making higher highs and daily chart has been ...
China Drums Up Pro-Growth Moves as Disinflation Seen Deepening
- PA is King commented Feb 26, 2015
Not sure what you mean? I made 50pips long Aussie after that initial selloff last night. I don't have any setup to get back in long right now.
Australia Private New Capital Expenditure and Expected Expenditure
- PA is King commented Feb 26, 2015
Well, I do like to buy dips. But today's market has me cautious. I really don't see anything that should have caused the Aussie, euro, and pound selloffs today, but something caused it. Early end of the week profit taking? Some type of shift in the ...
China Drums Up Pro-Growth Moves as Disinflation Seen Deepening
- PA is King commented Feb 26, 2015
lol...well, I think it's safe to say you aren't a fan of the USA.
I won't disagree with most of your points...and I will agree the US is destroying itself. Unfortunately I like the freedoms I have here so I put up with what I need to. If this ...China Drums Up Pro-Growth Moves as Disinflation Seen Deepening
- PA is King commented Feb 26, 2015
Nice work. Another choppy week with a slight up trending bias. Looks like we are back to the same .7800 pivotal area we've seen for weeks now. As far as I can tell...price is hitting resistance at the 4hr 200ma(.7900 area) and finding support at the ...
China Drums Up Pro-Growth Moves as Disinflation Seen Deepening
- PA is King commented Feb 26, 2015
Guess we are going risk off today.
China Drums Up Pro-Growth Moves as Disinflation Seen Deepening
- PA is King commented Feb 26, 2015
IMHO, I think the RBA cut interest rates earlier(Feb) instead of waiting until March. So they will now wait and see what affect it has on things and probably won't cut again until August timeframe. Again, just my opinion...I don't make the interest ...
Australia Private New Capital Expenditure and Expected Expenditure
- PA is King commented Feb 26, 2015
Just wanted to point something out again in what helps me determine which way to trade.... Lets recap the Price Action of February so far: 1) RBA cut interest rates 2) Australian employment data was bad 3) US NFP data was good 4) and for fun, we can ...
Australia Private New Capital Expenditure and Expected Expenditure
- PA is King commented Feb 26, 2015
See, buying the dips works yet again. I mentioned yesterday to buy around .7850(prior resistance now turned to support)! Easy 50pips!!!
Australia Private New Capital Expenditure and Expected Expenditure
- PA is King commented Feb 25, 2015
Price is just eating away at supply around .7900. Still no major sellers as far as I can see.
AUD/USD - Imminent Breakout to a Form Price Bottom
- PA is King commented Feb 25, 2015
I know right? lol I will try harder next time.
p.s. does the spike up to .79004 about 30minutes ago redeem me? lolChina manufacturing output and new orders both increase slightly in February
- PA is King commented Feb 25, 2015
Probably a good area to look at for a reversal...but I don't see anything right now that could cause it to drop that far. I'd be watching .7850 area also since that was such strong resistance the past couple of weeks. Will be interesting to see what ...
AUD/USD - Imminent Breakout to a Form Price Bottom
- PA is King commented Feb 25, 2015
As I said above, buying the dips is the way to go. Only problem yesterday was there was no dip to buy after Yellen news...it basically went straight up 160pips. lol
AUD/USD - Imminent Breakout to a Form Price Bottom
- PA is King commented Feb 25, 2015
Too late, I told everyone a few weeks ago to start buying the dips on Aussie! Now you are playing catch up. Now after spending the last couple of weeks hitting resistance at .7850 area, it finally broke above yesterday...I wouldn't expected it to go ...
AUD/USD - Imminent Breakout to a Form Price Bottom
- PA is King commented Feb 25, 2015
Sorry guys, I was wrong...price never made it to .7900...it stopped at .78999 on my platform! Sorry for being wrong on calling for .7900. lol On another note...maybe yellen can push Aussie up to .8000 today with her second round of testimony!
China manufacturing output and new orders both increase slightly in February
- PA is King commented Feb 24, 2015
Let's say that small possibility does come true. Remember what happened three weeks ago? An initial drop followed by a 200 pip rally!!! So let's say we drop 200 again from around current levels(let's say .7850ish)...then you're only down to .7650 ...
China manufacturing output and new orders both increase slightly in February
- PA is King commented Feb 24, 2015
I highly doubt they actually cut rates next week. Can't see the RBA cutting two times in a row. Last thing I remember was someone mentioning August for the next rate cut. But there is always a small possibility!
China manufacturing output and new orders both increase slightly in February