- Search Energy EXCH
- PA is King commented Sep 30, 2014
Time to take out January's low of .8659!!! Da Bears! lol
Australia Retail Trade
- PA is King commented Sep 30, 2014
hehe...I thought we would wait until Friday to get a good move down. But I guess tonight is as good as any other.
Australia Retail Trade
- PA is King commented Sep 30, 2014
lol...must be some really thin markets. Or the market makers just hammered some longs.
Just more proof that selling the rallies is the way to go with Aussie!Australia Retail Trade
- PA is King commented Sep 30, 2014
That's pretty good if it picked buy at .8700 and sell at 8765!
Asia stocks unsettled by HK, sluggish China factories
- PA is King commented Sep 30, 2014
You're welcome. It's not always right, but most of the time it will get you in the right direction. Unfortunately my crystal ball is still fuzzy with exact number on where price will go! lol
Currently I still think we formed a support level for ...Asia stocks unsettled by HK, sluggish China factories
- PA is King commented Sep 30, 2014
I haven't had a chance yet, but haven't forgotten.
Asia stocks unsettled by HK, sluggish China factories
- PA is King commented Sep 30, 2014
I'm actually going to revise my upside potential to possibly .8850 in the next day or two before NFP. Looks like it's heading towards the 1hr 200ma. However, the longer it takes...the lower the 200ma comes down. After NFP, who knows...it would just ...
Asia stocks unsettled by HK, sluggish China factories
- PA is King commented Sep 29, 2014
Welcome to forex!
I'm surprised it's taken so long...but guess they wanted to retest January's lows first. Asia stocks unsettled by HK, sluggish China factories
- PA is King commented Sep 29, 2014
Looks like a simple short squeeze to me. Let it runs it's course, stall out and then get in near the top for a nice ride back down.
Asia stocks unsettled by HK, sluggish China factories
- PA is King commented Sep 29, 2014
Just don't let the 15pip loss turn into a 75pip loss!
Asia stocks unsettled by HK, sluggish China factories
- PA is King commented Sep 29, 2014
I don't see anything saying sell yet. Right now it's already rallied 60pips from tonights lows. And it just broke above yesterday's highs. It could stop here or it may go to .8800 which would coincide with it's normal ADR. I'm just trying to figure ...
Asia stocks unsettled by HK, sluggish China factories
- PA is King commented Sep 29, 2014
Make that 50pips from the lows now. If it gets above .8750, could see a run at .8800
Asia stocks unsettled by HK, sluggish China factories
- PA is King commented Sep 29, 2014
Well, bad Aussie data and slightly less than expected China data...yet Aussie is going up. Already 40pips from tonights lows. And we've formed a double bottom now around .8690 area. I think we found our support for now...probably won't be much to ...
Asia stocks unsettled by HK, sluggish China factories
- PA is King commented Sep 29, 2014
Just want to throw out a word of caution...this is NFP week so things could be a little off in the market. A pullback around .8750 might be a nice selling point IF price stalls there. If not, next possible area would be around .8800. As we get ...
Guilt by association takes Aussie down with the Kiwi
- PA is King commented Sep 29, 2014
That would be nice...hope it makes it there for you!
Guilt by association takes Aussie down with the Kiwi
- PA is King commented Sep 29, 2014
My pleasure...I hope lots of people have been making pips the last couple of weeks on Aussie!
Guilt by association takes Aussie down with the Kiwi
- PA is King commented Sep 29, 2014
I think January's low is going to break and I still believe .8400 is the target area(Monthly 200ma). Also given the fact that both Euro and Pound sold off 1000pips or more against the USD the past couple of months, it's now Aussie's turn for a ...
Guilt by association takes Aussie down with the Kiwi
- PA is King commented Sep 28, 2014
Once Aussie closed below .9200 on the daily chart it was all over! The trend has been down for a few weeks. Safest trade is selling Aussie rallies(typically 50-60 pip pullbacks). Cheers!
Guilt by association takes Aussie down with the Kiwi
- PA is King commented Sep 26, 2014
Can't speak about stocks...but the Aussie sure has tanked! Another day, another bearish candle. And now 3 weekly bearish candles in a row...down 650pips since Sept. 5th! The trend is definitely down, so sell the rallies(what small ones we get). And ...
The Sleeping Bear Bites the Complacent Bull
- PA is King commented Sep 26, 2014
Or it keeps selling off after small rallies/pullbacks around 50-70pips.
AUD: Conflicting Factors: Outlook & Forecast - Barclays