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- PA is King commented Jan 15, 2015
Well, there you have it, Aussie did go for the daily 50ma like i mentioned on Monday, I was just three days early in my analysis!
Australia Labour Force
- PA is King commented Jan 15, 2015
Just something to think about....If you look at January 2014, Aussie sold off that month and put in it's low...then for the next several months(through the summer) it did nothing but rally. It's not confirmed yet, but looks like a possibility the ...
Australia Labour Force
- PA is King commented Jan 14, 2015
Overall I'm still bearish(Sell the Rallies). Right now, waiting for the rally to find a top. I agree....8250 area will be interesting since it was Monday's Highs and the 4hr 200ema roughly. Just depends on what the Market Makers order books are like ...
Australia Labour Force
- PA is King commented Jan 14, 2015
As I mentioned on another post, the bar wasn't set too high with expectations of only 5.3k! It's easy to beat such low expectations!
Australia Labour Force
- PA is King commented Jan 14, 2015
Depending on how things go, a retest of Monday's highs, the 4hr 200ma, might be in store. We shall see how the .8200 level is handled first.
AUD$ waiting on Jobs data
- PA is King commented Jan 14, 2015
HAHA...see what I'm talking about? The market makers are tricky people...but if you can learn their patterns, you can use it to your advantage!
AUD$ waiting on Jobs data
- PA is King commented Jan 14, 2015
Well, not much has changed...still in the short term .8100-8200 range. Looks like price is just bouncing up and down at the .8150 level. As for jobs data...they didn't set the bar too high with the expectations of only 5.3k! So I won't be surprised ...
AUD$ waiting on Jobs data
- PA is King commented Jan 14, 2015
I typically don't enter trades right around red news unless I feel very very confident. Most of the time I wait until after news by about 15minutes to an hour depending on how significant the news is. And sometimes I don't enter at all if I don't ...
AUD selling as Copper crashes
- PA is King commented Jan 14, 2015
40pips. My target profit is always between 30-50pips. In a range/consolidation phase, yes...you can do that.
AUD selling as Copper crashes
- PA is King commented Jan 13, 2015
Regarding the Aud/Usd...we have found a short term range between .8100-8200 roughly and a slightly wider medium term range of .8000-8200. It looks like we may be consolidating like this past October where is spent the entire month in a 250pip range. ...
Keep the Dollar Rally In Perspective
- PA is King commented Jan 12, 2015
I made a mistake, as it happens from time to time....as I'm not perfect. I was looking at the daily chart and thought price might go up to the 50ema...which would have been about .8300. I forgot to check the 4hr chart where the 200ema was just above ...
ANZ job ads rise for seventh month
- PA is King commented Jan 12, 2015
Dang, I knew it was a fake rally...just got the level wrong!
ANZ job ads rise for seventh month
- PA is King commented Jan 11, 2015
After months of selling, we are finally getting a correction/pullback on Aussie...but don't mistake it for a trend change yet. Be patient, this could pull back to .8300 or even .8500.
ANZ job ads rise for seventh month
- PA is King commented Jan 10, 2015
Thanks, took some years of experience to learn their tricks. I just hope others are learning to look for them too so we all can make pips.
Australia Retail Trade
- PA is King commented Jan 9, 2015
See how the market makers spiked price up to .8175ish, but then spiked down to .8125 forming a bearish candle? Then they spent the rest of the day moving price back up. So if you were short before news, you probably got stopped out on the spike up. ...
Australia Retail Trade
- PA is King commented Jan 9, 2015
There's a reason I don't normally trade nfp days...markets tend to be erratic. You should enjoy a three day weekend at least once a month!
Australia Retail Trade
- PA is King commented Jan 9, 2015
If I was a market maker and could make just 1% of that 185billion...it would be worth it for me to move the market!
Australia Retail Trade
- PA is King commented Jan 8, 2015
I expect whipsawing...market makers to hit stops in both directions. Then they will look at their books and move price whichever suits them best.
Australia Retail Trade
- PA is King commented Jan 8, 2015
All bets off with nfp tomorrow. Trade smart...or don't trade at all!
Australia Retail Trade