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- PA is King commented Nov 18, 2014
Based on what exactly? This is probably more likely. Aussie up on bad China data, gios US data, and Mr. Stevens couldn't even talk it down. The market/price action is telling you the selling is over
RBA’s Stevens: Likely further decline in AUD to come
- PA is King commented Nov 18, 2014
I repeat, major support/buying of Aussie on dips below .8700.
Serve the people: why China free trade means great things for Australian services
- PA is King commented Nov 18, 2014
Where's all this Aussie and euro selling all these FF articles talk about and newbie's keep expecting???
US Producer Price Indexes - October 2014
- PA is King commented Nov 18, 2014
Sorry folks, the big moves down already happened this year. Prices are going to start consolidating/ranging heading into the holidays and end of the year.
US Producer Price Indexes - October 2014
- PA is King commented Nov 18, 2014
You're right, the rally won't be as big.
US Producer Price Indexes - October 2014
- PA is King commented Nov 18, 2014
Remember the rallies on au, eu, and gu this past Friday after good USD data??? Just saying!
US Producer Price Indexes - October 2014
- PA is King commented Nov 18, 2014
5 days in a row A/U tried to go below .8700...it's rallied back above EACH TIME! It's already rallied 40pips from today's lows. I wouldn't be looking to short A/U around this area...the market makers/market is warning you.
RBA’s Stevens: Likely further decline in AUD to come
- PA is King commented Nov 18, 2014
Anything is possible. There could be some unexpected event that causes a sharp spike up or down at any point.
As far as current price action goes...it did EXACTLY what I mentioned above, dipped below .8700( .8681 to be exact) and has rallied ...RBA Monetary Policy Meeting Minutes
- PA is King commented Nov 18, 2014
very possible, nothing trends one direction forever. If the upchannel breaks...it should still stay within the ranges I posted above.
RBA Monetary Policy Meeting Minutes
- PA is King commented Nov 17, 2014
Judging by the 1hr upchannel that started Nov. 7....price hit the bottom of that channel today around .8700 and should head up towards the top around .8810(depending how fast is moves up, that price could change a little).
RBA Monetary Policy Meeting Minutes
- PA is King commented Nov 17, 2014
Hey, look at that..more bad China data but Aussie is rallying! lol IGNORE NEWS, trade Price Action!
China October home prices fall 2.6 pct yr/yr
- PA is King commented Nov 17, 2014
Just looking at the 1hr chart again...if you look at last week, you can see on Monday price stalled/hit resistance just under .8700. On Tuesday is broke above it and stayed above for the most part(.8680-8700). Wednesday, Thursday, and Friday price ...
RBA Monetary Policy Meeting Minutes
- PA is King commented Nov 17, 2014
Just some food for thought, A/U has been trending up since Nov. 7th's low of .8540. We had over a 100pip rally on Friday after Good US news. The past couple of weeks have been filled with articles here on FF of the worsening conditions in China yet ...
RBA Monetary Policy Meeting Minutes
- PA is King commented Nov 16, 2014
Might want too rethink that! Gaps up on most pairs! I said it last week and will say it again...the USD bull run is going to take a break the rest of this year and we'll either see choppy Trading or USD weakness. The market makers have a lot of ...
Gold and Silver Forecast for November 17-21
- PA is King commented Nov 16, 2014
All I'm going to say it's that whatever retail trader's are expecting, the market will do the opposite. Friday having been a great example. Happy Trading!
Gold and Silver Forecast for November 17-21
- PA is King commented Nov 14, 2014
HAHAHA...the "U.S. Sales" was only good for 30pips roughly for the dollar. Since then it has weakened close to 100pips against A/U, E/U, G/U! My prediction is that with the end of the year near...holidays approaching, the dollar rally is over and we ...
Bullard and G20 Beats Down Dollar
- PA is King commented Nov 14, 2014
Regarding A/U...just remember earlier in the week I said that last weeks breakout down out of the October range seems like a Fake Breakout now as price has climbed right back inside of that range this week. And the Rally from .8650 area today is the ...
Bullard sticking with his forecast for rate hike in late Q1 2015
- PA is King commented Nov 14, 2014
Today's 10am rally is probably just the start of the wrath of the market makers after the "forex fines" they just received. The banks won't have any problems paying that money back...they have legal ways they can move the market and take traders ...
Bankers and regulators could be grilled by UK lawmakers over forex fines
- PA is King commented Nov 14, 2014
Nope, I trade WITH the trend. I haven't taken a long trade on Aussie in a couple months!
I sell the rallies...and stay out of the corrections back up.Consumer sentiment hits 89.4 in November vs. 87.5 estimate