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- PA is King commented Dec 9, 2014
Still no follow through on any buying with Aussie. Every rally is still being sold. Trend has not changed. I still expect some consolidation the last couple weeks of the year and 1-2weeks at the beginning of 2015.
NAB predicts rate cuts as business confidence tanks
- PA is King commented Dec 9, 2014
Rally on au was short lived, 50pips off the high already and just about where it started the day. Selling works again!
Markets Everywhere Are Tanking
- PA is King commented Dec 9, 2014
If at first you don't succeed, try again. Shorted au at .8354 and just closed for +20. Makes up for the earlier loss and a couple bonus pips!
NAB predicts rate cuts as business confidence tanks
- PA is King commented Dec 9, 2014
Please enlighten us.
NAB predicts rate cuts as business confidence tanks
- PA is King commented Dec 9, 2014
Yep, good pullback day. A little higher than I expected...but that's why we use stops. -15 won't kill my account.
NAB predicts rate cuts as business confidence tanks
- PA is King commented Dec 9, 2014
In order to sell the rallies in a downtrend, you need a rally first.
NAB predicts rate cuts as business confidence tanks
- PA is King commented Dec 9, 2014
Well, last night we got a selloff for a lower low, then a retrace back to the range I mentioned yesterday which also happened to be the 1hr 50ma and psych level/whole number .8300. Now price is dropping again which looks like it formed a Lower High. ...
NAB predicts rate cuts as business confidence tanks
- PA is King commented Dec 9, 2014
Maybe? It dropped from .8300 to .8225. That's a 75pip sell off if my math is right. Now just have to wait for another rally to sell. .8290-.8310 was the narrow range I was watching yesterday...price just retraced to the bottom of that and got ...
NAB predicts rate cuts as business confidence tanks
- PA is King commented Dec 8, 2014
Another day, another Aussie selloff! hehe
NAB predicts rate cuts as business confidence tanks
- PA is King commented Dec 8, 2014
This is rhetorical right?
NAB predicts rate cuts as business confidence tanks
- PA is King commented Dec 8, 2014
I'm here, just posted on a different article.
NAB predicts rate cuts as business confidence tanks
- PA is King commented Dec 8, 2014
Can't say I didn't warn you about the small range on Aussie and to still sell the A/U!
AUD steady ahead of Confidence Data
- PA is King commented Dec 8, 2014
Aussie in tight range... 8290-9310 roughly. Another bearish daily candle. Still a sell the rally guy! Happy Trading!
Australia job ads climb to 23-mth high in Nov-survey
- PA is King commented Dec 8, 2014
Well, I can't say that I've been buying the dips. In fact, I've only been selling rallies...same as I've been suggesting to everyone else for a few months now. Selling the rallies gives you a greater probability of a winning trade in a downtrend. ...
Australia job ads climb to 23-mth high in Nov-survey
- PA is King commented Dec 8, 2014
I would expect this week to be another bearish week on Aussie. Then a break(consolidation)for the holidays. Then some more selling to start sometime in January.
Australia job ads climb to 23-mth high in Nov-survey
- PA is King commented Dec 7, 2014
Filled the gap and then price sold off 30pips. Nice work market makers! Oh, and it was during Good China data!
It's going to be a very Merry Christmas to those who went short Aussie the last quarter of this year! Australia job ads climb to 23-mth high in Nov-survey
- PA is King commented Dec 7, 2014
Just as I told everyone...gap down. The Aussie has been the best technical trade for weeks!!!! If you shorted!
Australia Retail Trade
- PA is King commented Dec 7, 2014
It has nothing to do with news. It's technical and the market makers are controlling it!
AUD lower on release of finance industry report
- PA is King commented Dec 7, 2014
I totally agree the market makers control price. I would give it an 80% chance we open with a gap down later today. I wish I had access to the MM's books so I could see how many traders are holding longs on Aussie over the weekend just hoping there ...
Australia Retail Trade
- PA is King commented Dec 5, 2014
Don't be surprised to see a Gap Down on Sunday night. The lack of ANY type of buying on Aussie is clear! 4 staight days of selling. 12 out of the last 15 days of selling. 3 straight weeks of selling. Nearly 500pips down.
Australia Retail Trade