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- PA is King commented Dec 5, 2014
And down goes Aussie some more!
There have only been 3 out of the last 15 trading days that are bullish daily candles. If that doesn't scream at you the bears are in control then maybe you shouldn't trade forex.
Australia Retail Trade
- PA is King commented Dec 4, 2014
Good deal, congrats on the pips. As NFP approaches, I'll put out my usual statement: All bets are off...I have no clue what the news will be or exactly which way the market will go. Trade smart...or take the day off all together. Happy Trading!!!
Australia Retail Trade
- PA is King commented Dec 4, 2014
If what happened in September happens in Nov/Dec...then I would expect something aroundn .8150 +/- 50pips.
China Said to Consider Loosening Restrictions on Gold Imports
- PA is King commented Dec 4, 2014
Just something to think about.... The A/U dropped 700pips in 4weeks in September. In the past 3weeks A/U has dropped nearly 500pips. What will NFP bring? Or what will another week, next week, of selling bring?
China Said to Consider Loosening Restrictions on Gold Imports
- PA is King commented Dec 3, 2014
Just so we are clear...Price Action is King of Forex, not me.
I'm just the king of Aud/Usd. 
Australian National Accounts: National Income, Expenditure and Product
- PA is King commented Dec 3, 2014
lol...I've already caused a 50pip drop from that news spike. The rest is up to you.
Speaking of drop...sell the rallies works again!!! Who was warning me earlier today about shorting????? lolAustralia Retail Trade
- PA is King commented Dec 3, 2014
Same story, different day! Good news just doesn't matter for Aussie! Guys, I really hope you are making tons of pips on Aussie this week! When a pair is trading technically perfectly, you have to make the most of it before it goes away and starts ...
Australia Retail Trade
- PA is King commented Dec 3, 2014
You are correct, nothing trends one way forever. Eventually it will change. But guess what? If you use proper money management and stoplosses...then when it does reverse, you have a small loss. That's it! Then you just start trading with the new ...
Australian National Accounts: National Income, Expenditure and Product
- PA is King commented Dec 3, 2014
Eager? Perhaps you should read my posts again...or use a different word. I've been saying sell the rallies since September. And selling rallies means being patient for a rally to happen(which is not eager).
Australian National Accounts: National Income, Expenditure and Product
- PA is King commented Dec 3, 2014
I hope no one is looking for .8600 on A/U anytime soon. Not even a BAD NFP on Friday will cause it to go up there! Just like the Aussie GDP, I'm going to say the same thing about US NFP....a good number and A/U TANKS big time! If NFP is bad, you'll ...
Australian National Accounts: National Income, Expenditure and Product
- PA is King commented Dec 3, 2014
When the Daily chart starts making Higher Lows and Higher Highs, I'll believe it! Until then, the trend is down.
Australian National Accounts: National Income, Expenditure and Product
- PA is King commented Dec 3, 2014
BINGO!!! Winner Winner Chicken Dinner! Another 30pips short on Aussie. This pair is trading PERFECTLY from a technical aspect! Breaks a support area, retests it, gets rejected and goes down again.
Australian National Accounts: National Income, Expenditure and Product
- PA is King commented Dec 3, 2014
Well, there you go...rejection at the 1hr 50ma. Shorted at .8440(my typical 25-30pip s/l puts it above the 50ma safely with room to spare). Already +15 and looking good so far. Again, it's rare for A/U to reverse direction without retesting the ...
Australian National Accounts: National Income, Expenditure and Product
- PA is King commented Dec 3, 2014
Well, we made the retrace. I noticed the 1hr 50ma is right at .8450 and now we are getting to overbought conditions on the 15min RSI. Just looking for some type of candle pattern or price to stall out and shorts should be in order. Also, it's rare ...
Australian National Accounts: National Income, Expenditure and Product
- PA is King commented Dec 2, 2014
Great job man, Congrats!!!
Australian National Accounts: National Income, Expenditure and Product
- PA is King commented Dec 2, 2014
Well, I meant finishing up their USD buying before Christmas and New Years. Typically the last 2-3 weeks of the year things slow down and the first couple weeks of the new year.
Australian National Accounts: National Income, Expenditure and Product