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- PA is King commented Feb 4, 2015
Nothing to see here folks...Aussie is trapped above the 1hr 50ema and below the 1hr 200ema. Support levels are .7750, .7700, and then .7600 area. Current resistance .7850. I would use caution right now(I'm staying out of the market). We have signs, ...
PBOC cuts reserve requirement ratio by 50bps to 19.5%
- PA is King commented Feb 3, 2015
Last thing I saw was RBA may cut rates again, but not until August. So that would support my idea of a possible rally in Aussie in the next few month. Of course we'll know more after NFP on Friday. But for now I don't see any selling in Aussie, it's ...
Epic dollar squeeze erases AUD/USD losses
- PA is King commented Feb 3, 2015
See, price had a huge rally today. Aussie rallied up and above the 1hr 50ema. Now it just retraced to it and then rallied 45pips up to .7800 again just in the last few 15min candles. I don't see any real sellers stepping into the market right now. ...
Australian PSI: Services sector stabilises at start of the new year
- PA is King commented Feb 3, 2015
I'm neutral at this point...today's 225pip daily pinbar has me on the sidelines waiting for more clues on if it was just a stop hunt higher or if it's the start and a bigger move higher in the coming months just like last year. Either way, I ...
Australian PSI: Services sector stabilises at start of the new year
- PA is King commented Feb 3, 2015
Feel free to think and say whatever you would like...it's an open forum. First things first, I didnt say it WAS the low of the year, just that it could be a possibility. I'm still bearish overall on Aussie but cautious of a possible reversal. It all ...
Epic dollar squeeze erases AUD/USD losses
- PA is King commented Feb 3, 2015
I'm starting to think its the 2015 low, at least for a while(as in months). I'm just wait for a few more days for confirmation the downtrend is over. As you mention, same thing happened last year about the same time.
Epic dollar squeeze erases AUD/USD losses
- PA is King commented Feb 3, 2015
Nice job! I'm not liking the moves in the market right now, so I'm sitting out. Congrats to those who did make money and not stopped out.
RBA To Cut Rates This Week; Sell AUD/USD - Barclays
- PA is King commented Feb 3, 2015
In fact, just looking at the E/U and G/U chart and how the USD is getting hammered. There is some type shift happening in the markets right now. Best to just stay out and save your account. I can't tell if it's just a pre-NFP fake out or an actual ...
RBA To Cut Rates This Week; Sell AUD/USD - Barclays
- PA is King commented Feb 3, 2015
Wow, how about that 90pip 15min spike up! PURE stop hunting and profit taking!!! Glad I exited my short when I did. Personally, I'll be real curious to see what happens on Friday's NFP. That is a HUGE daily Bullish Pinbar right now. If price can't ...
RBA To Cut Rates This Week; Sell AUD/USD - Barclays
- PA is King commented Feb 3, 2015
Ok, I closed my short for +10 as price seems to stall around the .7730 area and just wouldn't go much lower. So that makes up for my 10pip loss earlier. Just a quick opinion on the market...just my own personal view: Pretty much everyone knows Mr. ...
RBA To Cut Rates This Week; Sell AUD/USD - Barclays
- PA is King commented Feb 3, 2015
Sorry, meant 1hr 50 ema.
RBA To Cut Rates This Week; Sell AUD/USD - Barclays
- PA is King commented Feb 3, 2015
I'm sorry again at .7740, just under 1hr 200ma. See how that goes.
RBA To Cut Rates This Week; Sell AUD/USD - Barclays
- PA is King commented Feb 3, 2015
Funny, I made my first post and price went up to make a new high. When I took the small loss and got out...price dropped and I would have had a 10pip profit! hahaha That's the way it goes sometimes. Should have stuck with the 1hr chart...sometimes ...
RBA To Cut Rates This Week; Sell AUD/USD - Barclays
- PA is King commented Feb 3, 2015
Ok, I'm out for -10pips...not liking how price went back above the 15min 50ema and made a new high for the day. A little too choppy at the moment for me. Trade Smart!
RBA To Cut Rates This Week; Sell AUD/USD - Barclays
- PA is King commented Feb 3, 2015
It appears the rally/pullback on Aussie might be over. 80pip correction to a pysch level of .7700. Popped above and was sold off right back down under. Also was the 15min 50ema OR 38.2% Fib level(for those who like fibs). .7690-7700 area would be a ...
RBA To Cut Rates This Week; Sell AUD/USD - Barclays
- PA is King commented Feb 2, 2015
My target was already met....100pips profit in the bank! Cheers!
Statement by Glenn Stevens, Governor: Monetary Policy Decision
- PA is King commented Feb 2, 2015
Well, that was an easy 100pips! Hope you did as well or better buster 48! Cheers!
AUD/USD – Enjoys Some Support Above 0.77
- PA is King commented Feb 2, 2015
That's the safest course of action. I personally have a smaller than norm position short on Aussie right now at .7820.
AUD/USD – Enjoys Some Support Above 0.77
- PA is King commented Feb 2, 2015
Some nice stop hunting going on. Be patient guys. No need to trade the chop unless your experienced.
AUD/USD – Enjoys Some Support Above 0.77
- PA is King commented Feb 2, 2015
Looks like Aussie was finally able to poke through .7800. But no real follow through. Its still consolidating overall. My best guess it's that they are trying to shake out some weak shorts before need tonight. I'm just standing on the sidelines ...
AUD/USD – Enjoys Some Support Above 0.77