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- PA is King commented Nov 6, 2014
Just like yesterday, Aussie not able to stay above .8600
Australia Labour Force
- PA is King commented Nov 6, 2014
Good statement! Regarding Aussie...I think I see what's happening. We've set a range of .8550 area for the bottom and top around .8620 ahead of NFP news tomorrow. Market Makers are accumulating positions for the time being. I don't know what will ...
Australia Labour Force
- PA is King commented Nov 6, 2014
As expected and guilty by association(weakness on euro & pound...strength on USD)...the A/U drops 40pips!!! Highest probability of a winning trade is selling rallies on Aussie in the downtrend! Happy Trading!
Australia Labour Force
- PA is King commented Nov 6, 2014
Looks like a/u mounted a little bit of a comeback as I was sleeping. Finally able to pop above .8600 and settled into a .8600 to .8625 range now. It's had a pullback of 70pips from it's lows now. I'd still like to see .8650( +/- 10pips) for a ...
Australia Labour Force
- PA is King commented Nov 5, 2014
Well lookie there, it hit .8600 and sold off 30pips right away. There's your initial resistance area and initial support still .8550! Just a couple things to point out: 1) the longer price goes sideways, the greater the probability of a continuation ...
Australia Labour Force
- PA is King commented Nov 5, 2014
Looks like we are settling into a .8550 to .8600 range. Overall bias still short. Cheers!
Australia Labour Force
- PA is King commented Nov 5, 2014
There are multiple resistance areas. I would have liked to seen .8660 area, but that's not going to happen. Price Action has been staying below .8600 most of the afternoon/night and just got rejected there again on that news spike.
Australia Labour Force
- PA is King commented Nov 5, 2014
Nothing impressive with that number, the downtrend should continue...just have to be patient and wait for price to stall/hit resistance area first. It's having a hard time even getting/staying above .8600. Happy Trading!
Australia Labour Force
- PA is King commented Nov 5, 2014
Well, nothing really to say that I haven't been saying for weeks. 1) I'm bearish overall on Aussie, so I only look to short the pair. Any longs are up to you. 2) My last short entry spot was around .8740-50. Now I'm waiting for another rally to ...
AUD/USD – Crashes Through Key 0.8650 Support Level
- PA is King commented Nov 5, 2014
Really, this article is just coming out??? Should have posted it this morning...a little late to the party marketpulse!
AUD/USD – Crashes Through Key 0.8650 Support Level
- PA is King commented Nov 5, 2014
I'm hoping we get a spike up in price in order to sell again...but I won't hold my breathe!
AUD/USD: Trading the Australian Employment Change
- PA is King commented Nov 5, 2014
Kiss the Aussie goodbye...nearly a 200 pip drop today, breakout below the range it has been in the past few weeks, and price still at the lows of the day. There are absolutely no buyers anywhere! it looks like the continuation of the downtrend from ...
We Just Got An Employment Indicator That Was So Good It's Unbelievable
- PA is King commented Nov 5, 2014
True. lol Either way, AUSSIE IS TOAST!!! Keep to selling the rallies as the downtrend continues!
Morgan Stanley Turns Mega-Bear on Australia
- PA is King commented Nov 5, 2014
I seem to recall someone saying don't be surprised to see Aussie give you a 200pip bearish candle today.....Oh Yeah, that was me 3hrs ago! hehehe
AUDUSD finally breaks out of consolidation to the downside
- PA is King commented Nov 5, 2014
LMAO...so you had good US ADP news and the dollar got weaker...then you had bad ISM data and US gets stronger! EXACTLY why I don't trade news numbers! Stick with Price Action my friends...it is King!
October 2014 Non-Manufacturing ISM Report On Business
- PA is King commented Nov 5, 2014
Not sure what you're asking here?
Morgan Stanley Turns Mega-Bear on Australia
- PA is King commented Nov 5, 2014
Today is not the day to buy Aussie. It will be lucky if it closes above .8600. Most likely we will see sideways consolidation before Leg 2 down tomorrow or Friday. Happy Trading!
Morgan Stanley Turns Mega-Bear on Australia
- PA is King commented Nov 5, 2014
Aussie can't even stay above .8620...That's not a good sign, unless you're short.
AUDUSD finally breaks out of consolidation to the downside
- PA is King commented Nov 5, 2014
They are a little late...I've been Aussie bearish for 2 months!
Morgan Stanley Turns Mega-Bear on Australia
- PA is King commented Nov 5, 2014
Personally, I can't really see it going up more than .8650-80. Unless this is some type of false breakout out of the range...we should continue down. The overall downtrend that started at the beginning of September is still intact. NFP on Friday is ...
AUDUSD finally breaks out of consolidation to the downside