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- PA is King commented Sep 25, 2014
Another day, Another 100pip selloff on Aud/Usd! Keep selling boys!!! 3 weeks in a row now. Looks like the Monthly 200ma around .8400 might be the target.
U.S. Stocks Decline Amid Jobless Claims, Durables Data
- PA is King commented Sep 25, 2014
And the Aussie selling continues! Who could have predicted that? lol
RBA Stevens: One area of concern is investor housing finance growth
- PA is King commented Sep 24, 2014
Interesting little note...while Euro and Pound were selling off, Aussie actually did a decent job not going down that far. I suspect by looking at the Eur/Aud chart...you can tell Euro is weaker than the Aussie today. So on that note, price action ...
China property hard sell intensifies in bid to lift sagging sector
- PA is King commented Sep 24, 2014
.8800 or just below should be the target today if the daily selling pattern continues.
China property hard sell intensifies in bid to lift sagging sector
- PA is King commented Sep 24, 2014
As expected, here comes the Aussie selling during US session! It's been rejected 3 times today around the .8880-90 area! Lets see if it sells off around 100pips like the last 2 days!
China property hard sell intensifies in bid to lift sagging sector
- PA is King commented Sep 24, 2014
To be honest, I don't know much about carry trades. I just trade price action. Sorry I can't help out more.
AUDUSD keeping the bears in control. Support eyed
- PA is King commented Sep 24, 2014
I agree the MM's are holding a lot of longs, but to unload them...they would be better off moving price even lower in order to margin call or hit stoplosses to those who are long aussie. Once the MM's books show more shorts than longs, that's when ...
AUDUSD keeping the bears in control. Support eyed
- PA is King commented Sep 23, 2014
Another day, another Aussie selloff! hehe
The Conference Board Leading Economic Index for Australia
- PA is King commented Sep 23, 2014
Keep selling the rallies on Aussie!
AUDUSD keeping the bears in control. Support eyed
- PA is King commented Sep 23, 2014
Looks to me like that double top I mentioned at .8920 has given a lot more pips than being long Aussie....Just sayin' : )
Moderate pace of China manufacturing output growth sustained in September
- PA is King commented Sep 23, 2014
Seems like price is stalling at .8920 area today...tested it twice already and rejected so far.
Moderate pace of China manufacturing output growth sustained in September
- PA is King commented Sep 23, 2014
I didn't say wait for .9000....I said you'd be LUCKY if it rallies that high. It was rejected 3 times last week just UNDER .9000 and never made it there. Don't be stuck on a hard number, if it stalls out at .8980...then short there(as an example). ...
Moderate pace of China manufacturing output growth sustained in September
- PA is King commented Sep 23, 2014
Just for fun, I am going to print out your post. Cheers!
Moderate pace of China manufacturing output growth sustained in September
- PA is King commented Sep 23, 2014
You guys are fighting against the trend, the odds are not in your favor. IMHO, I don't see .9200 being reached for a long time. As for .9000, we'd be lucky to get a pullback that far(in order to short again). But I'll never say never because this is ...
Moderate pace of China manufacturing output growth sustained in September
- PA is King commented Sep 23, 2014
Well, price went up to .8910 that I was looking for( .8922 for a high to be exact)... I went short and exited at .8880. A nice 30pip profit!
I'm really not sure why anyone would want to try and catch a falling knife, I'd stay away from buying ...Moderate pace of China manufacturing output growth sustained in September
- PA is King commented Sep 22, 2014
Looks like Chinese data will give us another short opportunity on A/U. .8910 area would be nice.
Moderate pace of China manufacturing output growth sustained in September
- PA is King commented Sep 22, 2014
Because I'm not a billionaire.
Billionaires are hoarding piles of cash
- PA is King commented Sep 22, 2014
With the Fed propping up the economy, I'd hoard my cash too!
Billionaires are hoarding piles of cash
- PA is King commented Sep 22, 2014
Glad to see we are on the same page! Looking forward to the new trend lasting a while. Price trended up for most of 2014 before stalling out around .9400-.9500. Now it's time for a downtrend.
Aussie $ pops 0.8900 and gets another slap lower
- PA is King commented Sep 22, 2014
You got me...but if they did, I bet their accounts would grow.
Aussie $ pops 0.8900 and gets another slap lower