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- PA is King commented Oct 28, 2014
When has Yellen ever been hawkish??? That's all you need to know. No FED is ever going to shock the market in a USD positive way. Maybe negatively...and at best they will always be cautious about the USD strengthening!
FOMC Meeting
- PA is King commented Oct 23, 2014
Kinda looks like a double bottom at .8750 on A/U for today...it's being supported there again the last hour or so. If you were the type to take a long, at least you know where the least risk entry is(.8750ish)...where to place your ...
AUD/USD – Remains Steady Below Resistance at 0.88
- PA is King commented Oct 23, 2014
Just an extra note....for the past week .8750 has been the big support level for AUD/USD. Seems like the prior weeks support between .8650-8700 has moved up some. Still have resistance around .8820-30 area. The only question we'll find out in time ...
AUD/USD – Remains Steady Below Resistance at 0.88
- PA is King commented Oct 22, 2014
I would agree with most of this...definitely consolidation the past 4 weeks. If you're going to short, short around .8800-20. If you're going to long, go long around .8680-8700. You'll only be wrong once...when the break out of consolidation ...
AUD/USD – Remains Steady Below Resistance at 0.88
- PA is King commented Oct 20, 2014
Hhhmmm...any coincidence that there were TWO articles early tonight talking about China having "slower" growth forecasts and then China news tonight was BETTER than expect? LET this be another lesson as to why you need to trade for yourself and ...
China Growth May Slow Sharply From 2020: Conference Board
- PA is King commented Oct 15, 2014
Settle down buddy. And no need for anyone to get mad at another. All I meant was that with the wild swings in the market today I hope people stay on the sidelines(mostly new traders) so that they didn't lose a lot of money. But for those that did ...
USD Blasted by Data Disappointments, All Eyes on EURUSD 1.2800
- PA is King commented Oct 15, 2014
Whole lot of whip sawing going on today...hope you guys stayed out or traded safely! Market makers certainly cleared their books today. Cheers!
USD Blasted by Data Disappointments, All Eyes on EURUSD 1.2800
- PA is King commented Oct 15, 2014
I think someone mentioned a short squeeze earlier... Oh yeah,
USD Blasted by Data Disappointments, All Eyes on EURUSD 1.2800
- PA is King commented Oct 15, 2014
Very nice, haven't seen nearly 200pip daily moves in these pairs for a while. Can you say Short Squeeze!!!
USD Blasted by Data Disappointments, All Eyes on EURUSD 1.2800
- PA is King commented Oct 15, 2014
Just closed my third trade for 30 pips. 3 trades, 2 winners...50pips. This day trader is done for today.
Retail Sales in U.S. Decreased More Than Forecast in September
- PA is King commented Oct 15, 2014
I would agree, didn't see that spike coming. Took a 30pip loss on my first short a/u trade... But entered again at .8846 and closed for 50pips! Just went short for a third time at .8810. Things are moving fast!
Retail Sales in U.S. Decreased More Than Forecast in September
- PA is King commented Oct 15, 2014
Over 100pip rallies in A/U, E/U, and G/U today from their lows. Isn't it nice to have volatility back?
p.s. I just went short A/U .8781 Retail Sales in U.S. Decreased More Than Forecast in September
- PA is King commented Oct 14, 2014
Wasn't there an article yesterday saying how Aussie was testing resistance at .8800? lol
AUD/USD – Looking to Retest Support at 0.8650
- PA is King commented Oct 14, 2014
Lots of truth in this post...no one ever really knows 100% where price is going or how far. My only goal is to try and put the odds in my favor using some basic price action patterns, following the trend, support/resistance areas, and limiting ...
NAB: Australian Business Confidence Is At Its Lowest Level Since The Election
- PA is King commented Oct 14, 2014
Winner winner Chicken dinner! Such a polite person with your comments. You obviously don't really know who I am(or get my humor)...but just to let you know, I'm a Sell the Rallies guy on A/U. So bring on the Rally/Pullback...it only gives me another ...
NAB: Australian Business Confidence Is At Its Lowest Level Since The Election
- PA is King commented Oct 13, 2014
lol...well, A/U rallied 130pips yesterday based on nothing. Might as well do it again today! Already up 75pips from the lows!
NAB: Australian Business Confidence Is At Its Lowest Level Since The Election
- PA is King commented Oct 13, 2014
Sounds like a good reason for Aussie to rally 50 pips! lmao I really hope people have learned by now NOT to trade new numbers!
NAB: Australian Business Confidence Is At Its Lowest Level Since The Election
- PA is King commented Oct 13, 2014
Gotta love thin markets!
107 cracks in USD/JPY, and 1.2700 in EUR/USD
- PA is King commented Oct 10, 2014
I can't say it enough...The Trend is your Friend. That's your safest trade in forex. Yes, you can make pips countertrend trading...but the higher probability of a winning trade is being patient and Selling the Rallies in a Downtrend or Buying the ...
Traders in Financial Futures - Options and Futures Combined Positions as of October 7, 2014
- PA is King commented Oct 10, 2014
Looks like a lot of longs on the Aussie are going to be trapped this weekend. Trying to pick a bottom in a downtrend is never easy. Have a good weekend!
Traders in Financial Futures - Options and Futures Combined Positions as of October 7, 2014