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- PA is King commented Dec 2, 2014
AUD is weak across the board! A/U, A/Cad, A/Jpy all down...E/A is up. Nothing but Aussie weakness!
Statement by Glenn Stevens, Governor: Monetary Policy Decision
- PA is King commented Dec 2, 2014
Actually, AUD is great to trade!!! I've been killing it by selling it!
Australian Landlords Take Record Debt as Rent Yields Fall
- PA is King commented Dec 2, 2014
Make that 90pips straight down from today's highs!
Yesterday Aussie sold off at the end of the day forming a Daily semi-pinbar. Today it's already sold off 90 and forming a daily pinbar. Every rally is an opportunity for the market makers to 1) ...Australian Landlords Take Record Debt as Rent Yields Fall
- PA is King commented Dec 2, 2014
Just like the Aussie rally earlier in the year ended a few months ago...so too will the downtrend. BUT, it's not going to be today...nor will it be this week! Sell the Rallies! p.s. A/U has now dropped 80pips straight without any retrace! You can't ...
Australian Landlords Take Record Debt as Rent Yields Fall
- PA is King commented Dec 2, 2014
Aussie is 70pips off today's highs...two days in a row it's failed to stay above .8500. The Daily, 4hr, and 1hr downtrends have NOT been broken to the upside...there's just NO WAY you can tell me Aussie is bullish. Take the High Probability trade ...
Australian Landlords Take Record Debt as Rent Yields Fall
- PA is King commented Dec 2, 2014
I agree, last week .8480 was the support area. I think .8500 is just the "whole number, psych level" factor. .8550 would be another prior broken support area. For now, it does seem like Aussie is having a hard time following through on selling down ...
Statement by Glenn Stevens, Governor: Monetary Policy Decision
- PA is King commented Dec 1, 2014
As expected, neutral(do nothing Stevens)! Let the selling continue!
Statement by Glenn Stevens, Governor: Monetary Policy Decision
- PA is King commented Dec 1, 2014
Yes and no...for me, I wait until at least the 15min candle closes(or possibly the 1hr) to see what the initial knee-jerk reaction is and where price closes. Selling blindly on a spike isn't the safest trade to take.
What To Expect From RBA? - Views From 10 Major Banks
- PA is King commented Dec 1, 2014
I expect Mr. Stevens to do exactly the same as he has this whole year...sound fairly neutral and express his desire for a lower Aussie but not take any action. I see no reason for the RBA to cause a rally in Aussie tonight. But hey, there's always ...
What To Expect From RBA? - Views From 10 Major Banks
- PA is King commented Dec 1, 2014
I agree, scalping isn't the answer to being profitable. I myself am a day trader and look for 30-50pips profit on my trade. Today was a perfect example...Be Patient, wait for the rally/pullback to stall(which it did around .8520), SELL THE RALLIES, ...
Australia Building Approvals
- PA is King commented Dec 1, 2014
Congrats on making some pips! Always nice to hear traders following the trend!
Australia Building Approvals
- PA is King commented Dec 1, 2014
And yet there is no rally! lol Ignore news, trade price action!
Australia Building Approvals
- PA is King commented Dec 1, 2014
There is no way Mr. Stevens is going to say or do anything tonight to cause the Aussie to rally. He's wanted a weaker Aussie for a while and is enjoying the selling!
AUD under heavy pressure early on Monday
- PA is King commented Dec 1, 2014
One day of rally does not change a trend. It's merely an opportunity!
Australia Business Indicators
- PA is King commented Dec 1, 2014
One day of rally dies not change a trend. It's merely an opportunity!
Australia Business Indicators
- PA is King commented Dec 1, 2014
Hasn't gone up much past .8520. While the retracement is a little more than I expected...it doesn't change my overall view.
Australia Business Indicators
- PA is King commented Dec 1, 2014
Pretty much the same view I have...I was expecting the gap to fill(or close to it) near .8500 and then selling to happen again. .8500 was support last week, price broke down this week...should turn into resistance. Just simple price action. So far, ...
Australia Business Indicators
- PA is King commented Nov 30, 2014
It's not going to stop dropping either! Sell the rallies!
AUD/USD – Drops to New Multi-Year Low Below 0.8450
- PA is King commented Nov 30, 2014
I give A/U a 4% chance of reaching .8600 this week and about a 60% chance of retracing to .8500 where it will find sellers again(if it makes it that high).
Australia Business Indicators
- PA is King commented Nov 30, 2014
Doesn't matter to me. I've been saying for months to sell rallies on Aussie! It's all in the charts. The market makers try to play their games around news events...but just follow the trend and you're account will thank you for it!
Australia Business Indicators