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- PA is King commented Sep 4, 2014
Yeah, it's really not rocket science as to how I trade. Just some basic Price Action(candle/chart patterns, spotting support/resistant areas, observing how price reacts to those S&R areas, AND also observing how price reacts to news events). I don't ...
Why Smart Traders Will be Watching AUDJPY Over the Next 12 Hours
- PA is King commented Sep 4, 2014
Haha...I wish I could control the market like that.
Looks like .9328 is the best we've gotten so far. Price is still basically just straight sideways. Which typically isn't good if you're a seller or looking for a pullback. Euro news should be ...Australia International Trade in Goods and Services
- PA is King commented Sep 3, 2014
Yeah, it would be absolutely wonderful if it went that low. However, it couldn't do that earlier in the week...and there is no reason for it to give up all it's gains from Wednesday. On a side note...the longer price goes sideways here around ...
Australia International Trade in Goods and Services
- PA is King commented Sep 3, 2014
I don't see the FOMC heads talking tomorrow moving the market. If anything, the Euro/Draghi show could move E/A...which in turn could move A/U. As for US news, I think NFP will be the catalyst for movement on A/U. Time to be patient. My own personal ...
Australia International Trade in Goods and Services
- PA is King commented Sep 3, 2014
Thanks for the nomination, but I respectfully decline. I'm happy here.
Ukrainian peace talks drive stocks in Europe while the Aussie gets a lift from the RBA Governor
- PA is King commented Sep 3, 2014
Hard to say...for most of the afternoon/evening it was stuck above .9330(prior resistance turned to support perhaps). .9300 would be a nice pullback. Of course there is the .9270-80 area that would be ideal. There are also the .9220 and .9250 areas ...
Australia International Trade in Goods and Services
- PA is King commented Sep 3, 2014
That would be nice, I need another pullback to get in long again.
Australia International Trade in Goods and Services
- PA is King commented Sep 3, 2014
Bummer, pretty neutral news...slightly better Trade data. Probably more sideways price action.
Ukrainian peace talks drive stocks in Europe while the Aussie gets a lift from the RBA Governor
- PA is King commented Sep 3, 2014
Aussie news should be fun tonight! If it's good, we are at a price level where some stops could be trippped off and price shoot up to .9400 fairly quickly. And based on this weeks reaction to bad news(Monday for example)...if it's bad news, we may ...
Ukrainian peace talks drive stocks in Europe while the Aussie gets a lift from the RBA Governor
- PA is King commented Sep 3, 2014
It appears you don't really understand how I trade. Feel free to look at some of my previous posts....especially last weeks posts where I walked through a trade step by step in real time. You'll see that I don't use only candles.
Why Smart Traders Will be Watching AUDJPY Over the Next 12 Hours
- PA is King commented Sep 3, 2014
I say it month after month after month...Governor Stevens NEVER says anything to hurt the AUD! His talk is cheap about a "high aussie value" because he NEVER does anything about it. His speeches are boring and routine...typically pretty neutral ...
Ukrainian peace talks drive stocks in Europe while the Aussie gets a lift from the RBA Governor
- PA is King commented Sep 3, 2014
Check out this post, pretty much sums it up.
url I forgot about NFP this Friday...I believe we are seeing one of two things: 1) We'll continue the rally tomorrow up around .9400 or higher and then on Friday the NFP is going to be good and the ...Why Smart Traders Will be Watching AUDJPY Over the Next 12 Hours
- PA is King commented Sep 3, 2014
Absolutely NO AFFECT on the USD, in fact...it's been getting weaker all afternoon against most currencies! Same goes for the "good US auto sales" data...NO AFFECT!
U.S. economic activity continues expansion - Fed's Beige Book
- PA is King commented Sep 3, 2014
That would be nice and I agree with you. However, the Feds aren't going to do that...those idiots!
Fed's Fisher says gradual rate rises won't 'brake' U.S. economy
- PA is King commented Sep 3, 2014
Just keep buying Aussie on the dips...A/J, A/U, or even sell the rally on E/A...it doesn't matter. Aussie is the currency you want to buy versus all others! The news isn't going to matter. Heck, we started out this week with 3 bad news releases on ...
Why Smart Traders Will be Watching AUDJPY Over the Next 12 Hours
- PA is King commented Sep 3, 2014
Talk talk talk...blah blah blah! Lets revisit this issue in 2015 and see how much further down the road you can kick the can. Meanwhile, that's a beautiful Daily Engulfing candle on the AUD/USD chart(none of the strength of the USD against Euro or ...
Fed's Fisher says gradual rate rises won't 'brake' U.S. economy
- PA is King commented Sep 3, 2014
Keep buying Aussie...ignore these articles and news releases. Happy Trading!
RBA Stevens: The Economic Scene
- PA is King commented Sep 3, 2014
It's Highly Probable that we take out last weeks highs around .9370 and head for .9400 this week based on Price Action. Espcially if today's Daily candle closes at/above .9330 and forms a great looking railroad track pattern!
Intraday Outlooks For EUR/USD, USD/JPY, GBP/USD, AUD/USD - SEB
- PA is King commented Sep 3, 2014
Would you look at that, just as predicted...A/U above .9330 now! hahaha It's not rocket science, it's PRICE ACTION at it's finest. Buy Aussie Dips below .9300 and enjoy your profits!!!
Intraday Outlooks For EUR/USD, USD/JPY, GBP/USD, AUD/USD - SEB
- PA is King commented Sep 3, 2014
Well, it doesn't get much easier than that!!! 50pips in my pocket! You just can't go wrong Buying Dips on Aussie!!!
Statement by Glenn Stevens, Governor: Monetary Policy Decision