- Search Energy EXCH
- PA is King commented Jan 8, 2015
Regarding the NFP report tomorrow...anyone notice that the bar was set pretty low around 241k??? Probably won't be hard to meet or beat that expectation.
Jobless Claims in U.S. Drop as Employers Retain Seasonal Workers
- PA is King commented Jan 7, 2015
Don't guess on news, interest rates, etc. watch price action. Trend is down, sell rallies at resistance areas. Watch the 1hr 200ema and see if price stalls like earlier in the week!
Australia Building Approvals
- PA is King commented Jan 7, 2015
I'm looking at the daily chart for trend and that's all bearish!
AUD/USD at the Crossroad, Awaiting FOMC Minutes and NFP
- PA is King commented Jan 6, 2015
By the way, that was a very nice bearish daily pinbar today. Just another fake rally. Last week price sold off from .8200. This week .8150 had been resistance...just another lower high in the overall downtrend!!
Australian PSI: Services sector in the doldrums in December
- PA is King commented Jan 6, 2015
It's like I always say, ignore the news...trade price action!
Australian PSI: Services sector in the doldrums in December
- PA is King commented Jan 6, 2015
There is no crossroad here...until the daily downtrend is broken to the upside and there is a higher low...the trend is down. You'll make more money selling rallies! We've just been in some holiday consolidation lately.
AUD/USD at the Crossroad, Awaiting FOMC Minutes and NFP
- PA is King commented Jan 6, 2015
It's not a dumb question. Exponential good Sir.
Australia International Trade in Goods and Services
- PA is King commented Jan 6, 2015
One other thing traders should learn... Do Not Be Greedy!!! You can make a good living on. 30-50pip trades just getting 2-4 trades a week once you build up your account and trade a decent lot size. Your personal discipline is what will make it break ...
Australia International Trade in Goods and Services
- PA is King commented Jan 6, 2015
Buster, I don't look at volume at all. On a side note, took a nice 40pip profit on that selloff back to .8100!
There's nothing hard about it folks...simple price action(price stalled at the 1hr 200ma) and trading with the trend(patience to wait ...Australia International Trade in Goods and Services
- PA is King commented Jan 6, 2015
Happy New Year to you too Aussie!
Yeah, when the A/U 1hr spiked up to the 200ma but failed to close above it I went short. There's always a chance it could go up higher but that's what we use stops for. As long as the daily chart is still in a ...Australia International Trade in Goods and Services
- PA is King commented Jan 5, 2015
You guys are funny.
Australia International Trade in Goods and Services
- PA is King commented Jan 2, 2015
Trend is still down...Sell the Rallies!
RBA Index of Commodity Prices December 2014
- PA is King commented Jan 1, 2015
I hope everyone had a good Christmas and a Happy New Year! I see the Aussie did exactly as I said it would...consolidated the last couple of weeks and DID NOT even come close to rallying back up to .8500!
Many pips to you guys in 2015!!!!RBA Index of Commodity Prices December 2014
- PA is King commented Dec 23, 2014
I forgot to add in there....I don't need a crystal ball, I have Price Action!
AUD heavy, but currently holding above 0.8100
- PA is King commented Dec 23, 2014
Merry Christmas to you and your family! As for letting trades run...personally, and as always, I only look for 30-50pip profits. Also, I don't expect more than choppiness the last couple weeks of the year.
AUD heavy, but currently holding above 0.8100
- PA is King commented Dec 22, 2014
Each rally is a lower and lower High...only a matter of time before .8100 gives way!
AUD heavy, but currently holding above 0.8100
- PA is King commented Dec 18, 2014
Another easy 30-50pips if you sold Aussie at .8200! Prior support turned resistance! I don't need a crystal ball, I have Price Action!
FOMC Press Conference
- PA is King commented Dec 18, 2014
5hrs and priced had been stalled under .8200.
FOMC Press Conference
- PA is King commented Dec 18, 2014
Well, as you can see were never went straight sideways...it was a slow slight climb/pullback until London and then a rally back up to .8200. .8200 was good support earlier this week/last week...had it now turned into resistance??? With the holidays ...
FOMC Press Conference