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- PA is King commented Nov 14, 2014
Well, I don't know what type of trader you are...Swing, Position, Day, or Scalper. If you were a Scalper or a Day trader I would say...why didn't you close for profit when you had 200pips???? If you are a Swing trader I'd be wondering the same....as ...
Market Turmoil: 10am ET Sparks Sudden Reversal
- PA is King commented Nov 14, 2014
I'd really like to see the statistics of how many traders just got stopped out or trapped being Short A/U, E/U, and G/U in the last hour! Those market makers are pretty vicious today!
Bullard sticking with his forecast for rate hike in late Q1 2015
- PA is King commented Nov 14, 2014
And there is another 40pip rally on the pairs! I hoped most of you stayed out and saved your money(or at least went long and made some money)! Cheers!
Market Turmoil: 10am ET Sparks Sudden Reversal
- PA is King commented Nov 14, 2014
The other side of the coin is the market makers just took a lot of stops out of those who were short E/U and A/U as well to knock them out of the game!
Market Turmoil: 10am ET Sparks Sudden Reversal
- PA is King commented Nov 14, 2014
Anyone looking to buy USD should just turn off their computer and enjoy the weekend early. The market makers have trapped a lot of people short E/U and A/U already and they aren't going to give them their money back!
Market Turmoil: 10am ET Sparks Sudden Reversal
- PA is King commented Nov 14, 2014
As I've said many times in the past...IGNORE news numbers and trade Price Action! You had good US news and an initial selloff...but then Price spend 45-60minutes NOT SELLING OFF anymore. That means Price is going UP! 50pip rally on A/U and 60pips on ...
Consumer sentiment hits 89.4 in November vs. 87.5 estimate
- PA is King commented Nov 14, 2014
Nothing weird about it...it's all about price action. If you get intial selling after news...and the price spends 45 to 60 minutes no follow through on the selling, that means there are no more sellers and price will go up.
Retail Sales in U.S. Showed Broad-Based Increase in October
- PA is King commented Nov 14, 2014
Almost 45minutes after US news and no follow through on the selling. I'm calling it a week. Have a good weekend everyone!
Retail Sales in U.S. Showed Broad-Based Increase in October
- PA is King commented Nov 13, 2014
Good comment here. I don't really know about your chaos theory...but I do know the 200ma is a good magnate on the 1hr, 4hr, and daily timeframes. That's where I got my .8780 number, 4hr 200ma. Price goes away and then comes back to it...then the ...
RBA Kent says not ruled out intervention on AUD. AUDUSD under selling pressure
- PA is King commented Nov 13, 2014
Because data doesn't matter. Only what's on the market makers books matter and what profits them the most. Happy Trading!
China October data shows economy cooling further, need for more policy support
- PA is King commented Nov 13, 2014
I warned everyone earlier in the week Aussie was going up to .8780-8800 area! I've also warned many times in the past Do Not Trade the news or News Articles! They are only published as a means for the market makers to fool you and move the direction ...
RBA Kent says not ruled out intervention on AUD. AUDUSD under selling pressure
- PA is King commented Nov 12, 2014
I don't believe any brokers...but thanks for the link. Sorry to read what happened. I don't believe there are any true good brokers out there...they are all out there to make money first. Then perhaps allow traders to make some.
AUD/USD approaching key technical level
- PA is King commented Nov 12, 2014
This article is similar to some of my earlier posts today. May I add in here that price is going to do what most don't expect...that's why 90% of traders lose their money. Be on the look out!
AUD/USD approaching key technical level
- PA is King commented Nov 12, 2014
No need to be offended. Sometimes, the best trade is no trade. You don't always have to be in the market. That was all my point was really...more helpful for the new traders. Not the experienced ones. Cheers!
Intraday Outlooks For EUR/USD, USD/JPY, AUD/USD, Gold - SEB
- PA is King commented Nov 12, 2014
Well, regarding G/U....50pip swings down/up/down aren't really my thing since I day trade and only use 25-30pip stops. As for A/U...not sure where you are getting your .8672 number...but price can't even stay below .8700. As I write this, price is ...
Intraday Outlooks For EUR/USD, USD/JPY, AUD/USD, Gold - SEB
- PA is King commented Nov 12, 2014
A lot of volatility on Euro and Pound today...and the Aussie just keeps marching/correcting higher. Just watching from the sidelines.
Intraday Outlooks For EUR/USD, USD/JPY, AUD/USD, Gold - SEB
- PA is King commented Nov 12, 2014
Well, A/U is still being bought and supported above Monday's highs...which also happens to be just above the 1hr 200ma. It still looks like .8780-8800 is the target which happens to be the 4hr 200ma. I'll be patiently waiting for this correction ...
Australia Wage Price Index
- PA is King commented Nov 11, 2014
No problem. On Monday we had a Top/Resistance area between .8650-80. Price broke through that today and is currently retesting it. Not sure if it will turn into Support or not...just have to wait and see. If it does, and price breaks above Tuesday's ...
Australia Wage Price Index
- PA is King commented Nov 11, 2014
Well, not quite liking the price action anymore...price could go either way at this point and we are back inside the October range again. So I closed my above trade for +10. Just have to be patient at this point.
Australia Residential Property Price Indexes