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- PA is King commented Jan 28, 2015
The trend is still down.
It's kinda like asking why was there a big bullish candle on aud news last night... Market market stop hunt and to get traders to think long.
Australia Consumer Price Index
- PA is King commented Jan 28, 2015
Nevermind, I'm not short anymore...I just took 50 pips profit!
Australia Consumer Price Index
- PA is King commented Jan 28, 2015
I didn't say to go long! Just that out Mary be possible the trend changes...but it hasn't change yet. To the guest above...I'm sticking by by short trade at .8000 And in still in it.
Australia Consumer Price Index
- PA is King commented Jan 27, 2015
Just a reminder and something to keep in the back of your mind...last year, the end of January was the turning point for Aussie and price started trending up until the summer. If may or may not happen again, but it's possible. Overall trend is still ...
Australia Consumer Price Index
- PA is King commented Jan 27, 2015
4hr 50ema coming into play. Aussie's normal adr is around 100pips. It put that in in less than 15minutes.
Australia Consumer Price Index
- PA is King commented Jan 27, 2015
We will find out tomorrow I bet.
AUD/USD – Consolidates Above Support at 0.79
- PA is King commented Jan 27, 2015
I expect .7960 area to be retested, we shall see.
Australia Consumer Price Index
- PA is King commented Jan 27, 2015
Smells of a stop hunt to me...sweet, just touch .8000 and I'm in short.
Australia Consumer Price Index
- PA is King commented Jan 27, 2015
Fortunately I had a trailing stop in place, so my 40pip profit turned into only 10pips. But it could have been a lot worse without a stop loss.
AUD/USD – Consolidates Above Support at 0.79
- PA is King commented Jan 27, 2015
Anyone else short Aussie on that late afternoon spike just above .7950?
AUD/USD – Consolidates Above Support at 0.79
- PA is King commented Jan 27, 2015
Well, there was the drop I was expecting earlier from .7960 area. Too bad news got in the way...onto the next trade.
NAB Business Survey Shows 'A Patchwork Economy With Little-To-No Momentum'
- PA is King commented Jan 27, 2015
Thanks Buster! Hope things are going well and you're making pips! I have a sneaky feeling A/U, E/U, and G/U are just making false moves higher before tomorrow's FOMC. But remember, don't trade on emotions.
NAB Business Survey Shows 'A Patchwork Economy With Little-To-No Momentum'
- PA is King commented Jan 27, 2015
Well, would be in profit right now...but that's my fault entering a new trade so close to news.
NAB Business Survey Shows 'A Patchwork Economy With Little-To-No Momentum'
- PA is King commented Jan 27, 2015
That's a shame, spike up in price just before US news. -15. Well, three trades today for net +10...just not working out for me so I'll call it a day and try later. Good luck guys.
NAB Business Survey Shows 'A Patchwork Economy With Little-To-No Momentum'
- PA is King commented Jan 27, 2015
Still have trouble staying above .7960. .7975 is my exit for small loss.
NAB Business Survey Shows 'A Patchwork Economy With Little-To-No Momentum'
- PA is King commented Jan 27, 2015
Lots of sellers have been knocking the Aussie down once it reaches the .7950-60 area.
NAB Business Survey Shows 'A Patchwork Economy With Little-To-No Momentum'
- PA is King commented Jan 27, 2015
Can't say that i do. But i just shorted again at .7960
NAB Business Survey Shows 'A Patchwork Economy With Little-To-No Momentum'
- PA is King commented Jan 27, 2015
Not easy going today...price just doesn't want to drop yet. Closed out that short before US news because price was just going sideways. Took 20pips. Had 5pips on the first short earlier. Not my target, but seeing how today is another up day so far ...
NAB Business Survey Shows 'A Patchwork Economy With Little-To-No Momentum'
- PA is King commented Jan 27, 2015
P.s. I shorted at .7960 after the 1hr candle close. So far, so good. That 50pip rally in one hour seemed like a stop hunt to me.
NAB Business Survey Shows 'A Patchwork Economy With Little-To-No Momentum'