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- PA is King commented Nov 5, 2014
Given the already 150pip drop on a/u today(which is greater than its normal 100pip ADR)...I wouldn't be surprised to see some type of retrace. I wouldn't expect anything big though. I also won't be surprised to see price continue down and give us a ...
AUDUSD finally breaks out of consolidation to the downside
- PA is King commented Nov 5, 2014
Hate when that happens. But at least you caught some of the move. I exited manually around .8655, saw it stalling and wasn't sure if it would break yesterday's low after having already moved 100pips down today. But I won't complain, a profit is a ...
AUDUSD finally breaks out of consolidation to the downside
- PA is King commented Nov 5, 2014
Looks like .8400 might be the next target now. Not sure how long it might take to get there...this week, next, longer, etc...
AUDUSD finally breaks out of consolidation to the downside
- PA is King commented Nov 5, 2014
Who could have seen that coming? I hope you guys were able to short around .8740-50 last night! Happy Trading!
AUDUSD finally breaks out of consolidation to the downside
- PA is King commented Nov 4, 2014
As always, my target profit is 30-50pips depending on what the market will give you. So that would be the .8690-.8710 area. Price is at .8712 right now.
Statement by Glenn Stevens, Governor: Monetary Policy Decision
- PA is King commented Nov 4, 2014
Can also add in there from a Support/Resistance perspective .8760-80 was good support for the middle to end of October. Price gapped down below this week and .8740-50 has been resistance Monday and today so far. So in terms of probabilities...that ...
Statement by Glenn Stevens, Governor: Monetary Policy Decision
- PA is King commented Nov 4, 2014
Looks like we have hit some resistance at .8740 area. No surprise there, price is up 100pips from last nights lows which is A/U normal ADR. Also looks like we stalled at the 1hr 50ma. Overall downtrend still in tact and my view the same. Keep ...
Statement by Glenn Stevens, Governor: Monetary Policy Decision
- PA is King commented Nov 1, 2014
Well, I am bearish overall on the pair...but by the way almost everyone here thinks it's going to drop...I wouldn't be surprised to see it rally. Also, given the fact we've had bad China data, Bad Australian data, and Good US data for the most part ...
China Manufacturing Slowed Last Month as Growth Pressure Deepens
- PA is King commented Oct 31, 2014
LMAO! I wish I had access to making up news headlines, I could make a killing in the market making up stuff that algos read/scan.
Fed Launches First Currency War Salvo, Tells ECB Not To Push Too Far
- PA is King commented Oct 31, 2014
Probably safe to say the big moves are over for today. Time to wrap up another week. Have a good weekend all!
Chicago Business Barometer Up 5.7 Points to 66.2 in October
- PA is King commented Oct 31, 2014
Yep, that's basically my opinion too...the Fed is TOO conservative. Anyway... You have a great weekend as well!
BOJ Unexpectedly Boosts Easing Amid Weak Price Gains
- PA is King commented Oct 31, 2014
Hi Forextrapain, Congrats on making all those pips! Enjoy that vacation.
As for Aussie...let me clarify a couple things. First, I trade mainly the Aud/Usd...I couldn't tell you the last time I looked at an Aud/Jpy chart. So I can't really comment ...BOJ Unexpectedly Boosts Easing Amid Weak Price Gains
- PA is King commented Oct 31, 2014
Congrats to BOJ for doing something to shock the market. It's a shame the Fed can't do the same and raise interest rates.
BOJ Unexpectedly Boosts Easing Amid Weak Price Gains
- PA is King commented Oct 30, 2014
As I mentioned yesterday before FOMC...there was a 4 day rally in A/U, E/U, G/U. Market makers shaking out the weak shorts, getting people to think long. Then FOMC news comes out and you get a nice selloff(back into last weeks range/bottoms)...now ...
AUD/USD Plays Tricky Games In Intraday Trading
- PA is King commented Oct 30, 2014
I have a feeling a lot of traders got caught off guard with these rallies.
Economy in U.S. Grew 3.5% in Third Quarter, More Than Forecast
- PA is King commented Oct 30, 2014
If you don't understand how news releases work, you probably shouldn't trade during news times. Just fyi...it doesn't matter what the data is, it's how the market reacts that counts. Cheers!
Economy in U.S. Grew 3.5% in Third Quarter, More Than Forecast
- PA is King commented Oct 29, 2014
So quite a while ago! Again, it's been a while. Also, you guys are only talking about Yellen once and Bernanke a few times...as opposed to the Many Many Many times that theg devalued the dollar. Also, how long did Yellen's or Bernankes USD positive ...
FOMC To Play It Safe
- PA is King commented Oct 29, 2014
Here's the funny thing about today's FOMC meeting...the USD has been steadily weaker against the A/U, E/U, and G/U for the past 4 days. So, even IF for some reason there wasn't a Dovish tone from the Fed today...then we'll just be right back to ...
The Fed Favors Guidance Over Bond Buys
- PA is King commented Oct 29, 2014
I didn't read the rest of the article, so I can't comment on the rest...but the first three sentences are all you need to read! BRILLIANT! Nice post!
The Schizomedia Does It Again
- PA is King commented Oct 29, 2014
When was the last time the Fed did anything to "shock" the market that was Dollar Bullish??? That's all you need to know! Happy Trading.
FOMC To Play It Safe