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- PA is King commented Nov 25, 2014
That's right, as mentioned earlier in the day...Aussie was consolidating between .8515 and .8550. Had the false move up(stophunt) just before Aussie news and nothing but selling since. Shorted at .8550, +20 currently, and basically have a free trade ...
Australian Construction Work Done
- PA is King commented Nov 25, 2014
No reason to buy Aussie...sold at the top of the range, price dropping and looking nice!
Australian Construction Work Done
- PA is King commented Nov 25, 2014
Looks like Aussie is consolidating sideways, possibly getting ready for a test/break below .8500. Day 3 of selling coming up??? We shall see. Happy Trading!
....let me clarify, the range/consolidation I'm seeing is about .8515-.8550 area. I would ...AUDUSD’s “Spidey Sense” is Tingling
- PA is King commented Nov 25, 2014
Wait for a rally(PBOC was a nice one), sell, take profit, repeat!
AUDUSD’s “Spidey Sense” is Tingling
- PA is King commented Nov 25, 2014
Poor Poor Aussie...both Euro and Pound rallied nearly 100pips and Aussie is still near the lows of the day! lol On a side note, I'd really like to know how many people have been caught short E/A this week and/or blew their accounts. E/A has rallied ...
EUR/USD Signals Bearish Continuation as US GDP Surprises
- PA is King commented Nov 25, 2014
It "should" hit .8500 today. However, A/U has dropped nearly 100pips already today which is around it's normal ADR. And price had dropped 180pips already to start the week, so there might be some short term oversold conditions to cause a bounce. ...
RBA Lowe: Building on Strong Foundations
- PA is King commented Nov 24, 2014
I hope no one is still holding longs on A/U from Friday's fake spike up from that China rate cut. Once again, price action proves itself and if you followed the trend and shorted that spike up...you'd be a happy person to start off this week!
China Rate Cut No Help to Australian Miners
- PA is King commented Nov 24, 2014
Doesn't look like a H&S to me.
Property, manufacturing woes help trim China's shadow banking
- PA is King commented Nov 24, 2014
So much for that Chinese rate cut...A/U has done nothing but sell off since the knee jerk reaction. Ignore news, trade price action.
Happy Trading!Property, manufacturing woes help trim China's shadow banking
- PA is King commented Nov 21, 2014
1) I understand what a pivot is, I used them a long long time ago. 2) You seem to have forgotten our conversation a week or so ago where I told you I do NOT use pivots on my charts 3) I'm still a Bear on A/U and as a bear, I sell the rallies. I hope ...
China cuts rates!
- PA is King commented Nov 21, 2014
Your pivot was a great place to sell the rally on Aussie! Made 40pips!
China cuts rates!
- PA is King commented Nov 20, 2014
Good spin on data with that article title! Market makers are happy.
Fewer Than 300,000 Americans File Jobless Claims for 10th Week
- PA is King commented Nov 19, 2014
I only have two things to say...1) the market makers did exactly as expected and spiked price both ways to take out stops. 2) regarding the aussie...selling rallies and trading with the trend(down) is still the safest way to go with that pair. Happy ...
Fed and Markets More Co-Dependent Than Ever
- PA is King commented Nov 19, 2014
Looks like you are on the right path to success in forex!
RBA’s Stevens: Likely further decline in AUD to come
- PA is King commented Nov 18, 2014
Check back in 30 minutes to see if there is a 1hr Pinbar on Aussie...price just spiked down just above this past Friday's low. Could head back up.
AUD Choppy Iron Ore Price in focus
- PA is King commented Nov 18, 2014
Friday's low was .8647...watch that area. .8650 was also October's range bottom. If price stalls there, it's heading back up...if not, might make a run for .8600.
AUD Choppy Iron Ore Price in focus
- PA is King commented Nov 18, 2014
All bets off for Aussie as FOMC meeting minutes approach. I expect some spikes in both direction so trade carefully. Cheers!
Australian economy may take turn for the better, Westpac index shows
- PA is King commented Nov 18, 2014
lol...where do I begin with this post??? lol Let me just try and make this short and simple ad one of your posts. You really wasted your time with this long post, it's obvious you didn't read mine. Somehow you"closed your mind" to the fact I said ...
US Producer Price Indexes - October 2014
- PA is King commented Nov 18, 2014
I wish forexlive.com would stop paraphrasing what I've already told people this week! Or at least pay me to for it!
AUDUSD keeping toward the middle of the range/above support