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- PA is King commented Feb 12, 2015
Glad to help. I hope lots of people are making pips!
Australia Labour Force
- PA is King commented Feb 12, 2015
Well, I would say the spike up to the 1hr 200ema, along with an 135pip rally today(even though normal ADR is 100pips)...a pullback is in order. So yes, you could have sold that rally. But I'm looking at a bigger picture of things right now...I'm ...
Australia Labour Force
- PA is King commented Feb 12, 2015
hehe...that's a little too far out on my timeline. I'd like to see .8000 and how price acts there first. But I do see where you got .8100(very possible). I'd say anywhere from .8100-8300 has a good chance.
Plosser: Can't Justify Zero Interest Rates In Current Economy
- PA is King commented Feb 12, 2015
Not sure if you doubt me or are being sarcastic?
p.s. Price Action is always my excuse!Plosser: Can't Justify Zero Interest Rates In Current Economy
- PA is King commented Feb 12, 2015
Let me know if price closes below .7600 on the daily chart...then I might consider shorting. It only has a 160pips to selloff in order to do that!
p.s. All the major news events(which were bad) are already past...if price couldn't sell off after ...Plosser: Can't Justify Zero Interest Rates In Current Economy
- PA is King commented Feb 12, 2015
It already hit it... .7750. But as I posted above. the 1hr 200ema was at .7780 area(price hit .7777) for today's high so far. Normal ADR on A/U is around 100pips...we are already at 135pips. Price is free to do what it wants now. I just hope we get ...
Australia Labour Force
- PA is King commented Feb 12, 2015
And the markets love it! Aussie, Euro, Pound all rallying still. lol
MNI: Greece Rejected 3M to 6M Prog Extension at Eurogroup -Source
- PA is King commented Feb 12, 2015
Found my post from last week about the "shift" in the market!
url Plosser: Can't Justify Zero Interest Rates In Current Economy
- PA is King commented Feb 12, 2015
Ok, anyone remember last week after RBA rate cut followed by a 200+ pip rally on Aussie that I said there was a major shift in the market??? Well, it's proving true. After BAD Aussie jobs data last night we already have a 135pip rally today! You can ...
Plosser: Can't Justify Zero Interest Rates In Current Economy
- PA is King commented Feb 12, 2015
Guess no one cares what Plosser has to say...Aussie just hit a new high for the day! Pound rallying again, Euro even going up! lol fyi...the downtrend on Aussie is over for now. Time to start buying the dips! Market makers have lots of traders ...
Plosser: Can't Justify Zero Interest Rates In Current Economy
- PA is King commented Feb 12, 2015
Bingo, .7751!!!! Nailed it! Over a 100pip rally on BAD Aussie employment data...Price Action is Screaming at you!
Australia Labour Force
- PA is King commented Feb 12, 2015
HAHAHAHA...just hit .7743!!! What did I tell you guys??? PRICE ACTION DOESN'T LIE!!!
Australia Labour Force
- PA is King commented Feb 12, 2015
Looks like we are heading up to .7750 again. Just punched through the 1hr 50ema...200ema is around .7780 which is close to the .7750 level!
Australia Labour Force
- PA is King commented Feb 12, 2015
And price just made a new high for the day! Now 80pips up from the lows of the day. Where have all the sellers gone??? Marker Makers have lots of traders trapped short now.
Australia Labour Force
- PA is King commented Feb 12, 2015
If you want a long term trade, buy around .7700(closer to .7650 would be better...not sure if it will even get down that far again) with a stoploss under .7600 and target of .8000. If price closes above .7700 today, then that's TWO BULLISH daily ...
Australia Labour Force
- PA is King commented Feb 12, 2015
The limit on Aussie selling has been reached. Unless we close below .7650 today and get below .7600 tomorrow...it's time to start buying the dips! Nice double bottom on Daily chart and price couldn't follow through with selling on neither RBA ...
Still Fishing for a Limit
- PA is King commented Feb 12, 2015
So what have we learned so far today on Aussie? Well, look back at last week's RBA interest rate cuts and see how price rallied over 200pips from the low of .7624? Now look at how price has rallied 60pips from today's lows after Bad Aussie ...
Australia Labour Force
- PA is King commented Feb 12, 2015
Thanks buster, hope you're doing well and making pips!
Australia Labour Force
- PA is King commented Feb 12, 2015
I actually agree with this comment, just for different reasons. With current price action, it's very hard for me to see the downtrend continuing. Lets recap: 1) Last week RBA cut interest rates and price rallied over 200pips from the intitial ...
Australia Labour Force