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- PA is King commented Nov 30, 2014
HAHAHA...it's not even Monday yet and Aussie is almost down 100pips to start the week!
Australia Business Indicators
- PA is King commented Nov 30, 2014
hehehe...see why I say NOT to trade news numbers! Aussie continues the selling even after good data. The Market Makers are making a lot of money tonight!
Australia Business Indicators
- PA is King commented Nov 30, 2014
Bye Bye Aussie!!! 5 straight bearish daily candles last week. 3 out of 5 bearish daily candles the week prior. Already starting this week selling off 80pips from Friday's close! NO ONE IS BUYING!
TD Securities–Melbourne Institute Monthly Inflation Gauge
- PA is King commented Nov 30, 2014
Looks like I was finally wrong, we we'll hit .8400 this week instead of last week!
That's right folks...after a lot of consolidation in October and choppiness in November...it's time for the Aussie to finally continue the Daily Downtrend!AU Manufacturing Edges Ahead in November
- PA is King commented Nov 30, 2014
Anyone sell that fake Aussie rally on Friday where is spiked up to .8537 in 15minutes??? If so, congrats to you for making a lot of pips...especially with a 40pips gap down to start the week! SELL THE RALLIES ON AUSSIE!!! FOLLOW THE TREND!!!
AU Manufacturing Edges Ahead in November
- PA is King commented Nov 28, 2014
The charts don't show the market getting ready for "lower for longer" rates. Another bearish week for Aussie, Pound, and neutral for Euro.
Fed now expected to stay lower for a lot longer
- PA is King commented Nov 28, 2014
LOL...look at that, just another FAKE RALLY on A/U just over an hour ago! Almost a 40pip rally in 15minutes only to be sold right back down(no follow through). Looks like someone took a little profit before the weekend on causing that spike. Still ...
Record China Downgrades Test PBOC as More Defaults Seen
- PA is King commented Nov 28, 2014
Another bad week for the Aussie! 5 straight days of bearish daily candles...that makes 8 out of the last 10 trading days bearish daily candles. My overall view remains the same...the Trend is your Friend, sell the rallies on A/U! Have a good weekend!
Record China Downgrades Test PBOC as More Defaults Seen
- PA is King commented Nov 27, 2014
What kind of trader are you...scalper, day trader, swing, or position? I'm not sure how you can be bullish if you're anything but a scalper.
Aussie dollar falls below 0.85 for first time since July 2010
- PA is King commented Nov 26, 2014
I'm looking at the 4hr chart...I don't see any Doji morning start nor a bullish channel. In fact, I see sideways consolidation on the 15min. Downtrend on 1hr and 4hr and the Daily chart is still trending down having made a lower low this week. I ...
Aussie dollar falls below 0.85 for first time since July 2010
- PA is King commented Nov 26, 2014
Got the 15min candle selloff and the 1hr pinbar and rejection at the prior range bottom around .8515...trade should be good! update: as the london session comes to a close and the slow part of the day is near...and tomorrow is a US holiday it ...
Aussie dollar falls below 0.85 for first time since July 2010
- PA is King commented Nov 26, 2014
hehe...based on? btw, I just entered short .8516...standard target and stoploss. Price was reject at prior range area(now turned resistance). Will be looking at this next 15min candle for selloff and 1hr candle to form a pinbar.
Aussie dollar falls below 0.85 for first time since July 2010
- PA is King commented Nov 26, 2014
Also interesting how G/U and E/U have rallied every day this week while Aussie sold off every day.
Waiting for 15min candle close for possible clues to see if the pullback is over or not...Aussie dollar falls below 0.85 for first time since July 2010
- PA is King commented Nov 26, 2014
Isn't it funny how A/U retraced to .8514 and now it's US news time...and A/U should be retesting today's lows soon? Lets see how this plays out shall we?
Aussie dollar falls below 0.85 for first time since July 2010
- PA is King commented Nov 26, 2014
I watch only 4-5 pairs. But I really just trade the A/U. Trying to learn the E/A since it has bigger moves, but that also means greater loses if you are wrong...so need to study it first. Regarding the Aussie, we have steadily moved back up to the ...
Aussie dollar falls below 0.85 for first time since July 2010
- PA is King commented Nov 26, 2014
Aussie likes to make most of it's moves either when China market opens around 9pm EST or beginning of London session. That should help narrow down the times you watch the charts on when to get in. Sometimes you can catch a pullback for re-entry ...
Aussie dollar falls below 0.85 for first time since July 2010
- PA is King commented Nov 26, 2014
Exactly! I don't know why people have such a strong desire to countertrend trade. More accounts are lost by doing that. If someone can develop the patience to trade only WITH the trend, they will see their account grown instead of shrink! Cheers!
Aussie dollar falls below 0.85 for first time since July 2010
- PA is King commented Nov 26, 2014
If you missed the moved down already...the best hope is that price goes back up around .8500-8520 area for another short opportunity. .8515-8550 was consolidation area, but since it broke below that(as expected)...the bottom of that area should now ...
Aussie dollar falls below 0.85 for first time since July 2010
- PA is King commented Nov 26, 2014
This move down as very predictable! Just another typically short day for the Aussie. Now it's taken a little longer than I expected, but a mentioned a couple weeks ago how Aussie was heading to .8400 area...all based on the fact that .8400 area is ...
Aussie dollar falls below 0.85 for first time since July 2010
- PA is King commented Nov 25, 2014
Looks like Aussie settled in a smaller range between .8530-8550 now. I'm take +10 and waiting for another possible spike higher(will probably breakout to the downside after I exit hehe).
Australian Construction Work Done