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- PA is King commented Aug 20, 2014
Yeah, making a little bonus money on rollovers is always nice.
RBA Stevens: Opening Statement to House of Representatives Standing Committee on Economics
- PA is King commented Aug 19, 2014
Not liking the rejection just prior to .9320 and the selloff back down to .9290ish. Maybe it's not ready to go up just yet...going conservative and taking a 5pip loss on this trade. Cheers!
RBA Stevens: Opening Statement to House of Representatives Standing Committee on Economics
- PA is King commented Aug 19, 2014
I moved my S/L up some to minimize risk...we'll see what happens.
RBA Stevens: Opening Statement to House of Representatives Standing Committee on Economics
- PA is King commented Aug 19, 2014
Looks like the dust has settled. And now the Chinese markets have opened and starting to push Aussie higher(like they normally do).
RBA Stevens: Opening Statement to House of Representatives Standing Committee on Economics
- PA is King commented Aug 19, 2014
Well, I'm always looking for a long entry on a dip. It's been 30minutes since Stevens started talking and price has stalled/stayed above .9290 for the past hour. I'm long at .9298 with a stop not too far below the spike down around .9285. I'm ...
RBA Stevens: Opening Statement to House of Representatives Standing Committee on Economics
- PA is King commented Aug 19, 2014
Almost, I'm sure the market makers are enjoying the whipsawing going on and clearing out some stops on both sides.
RBA Stevens: Opening Statement to House of Representatives Standing Committee on Economics
- PA is King commented Aug 19, 2014
Considering A/U had 5 straight bullish daily candles...a pullback should have been expected. The question now is, where will support be? Will it stay above .9200-20? Or is this just a Dip to Buy again for another move up to .9330-50 area? Time will ...
AUDUSD rejection making pair look bearish
- PA is King commented Aug 19, 2014
Hi Crow, I know our methods differ, so hopefully I understand your question correctly regarding Sunday data. Typically, I just ignore the Sunday candlebar. Not much is usually going on that day and the candle only takes into account a few short ...
RBA Monetary Policy Meeting Minutes
- PA is King commented Aug 18, 2014
Let me know when you see good momentum.
Personally, about a week and a half ago we had absolutely horrible Aussie job data...there was no follow through on the initial selloff and price is now right be near the pre-news levels. In fact, there is ...RBA Monetary Policy Meeting Minutes
- PA is King commented Aug 18, 2014
I would like to add in here, if you didn't buy before news...you missed the boat. Wait for a dip to buy again. It's not recommended to buy High.
RBA Monetary Policy Meeting Minutes
- PA is King commented Aug 18, 2014
I explained it an hour ago, before news came out. And as expected...A/U is going up. There is no reason to sell Aussie versus the USD. Cheers!
RBA Monetary Policy Meeting Minutes
- PA is King commented Aug 18, 2014
I'd be very surprised to see A/U selloff below .9250 again. Tonights news and tomorrows Stevens comments should be more of the same we've seen in the past few months. No new surprises will keep price flat or see some more buying. Of course nothing ...
Stocks roar, bonds tank and currency traders, well….sleep
- PA is King commented Aug 18, 2014
Well said JollyBean! That's exactly why, on a fundamental standpoint(which shows up through price action), that it's better to buy the Aussie than sell it. Mr. Stevens has a history now of not "rocking the boat" with his comments...they are very ...
Misery in Australia Rises to Highest Level Since 2008 in Challenge to RBA
- PA is King commented Aug 17, 2014
What's this? Worse than expected Aussie and Chinese data tonight...yet no selloff on A/U? How can this be? hehehehe
China July Foreign Direct Investment -16.95% on Year at $7.81 Billion
- PA is King commented Aug 17, 2014
I agree Greenstar, Price Action is the way to go!
Fed has a lesson plan, but traders just want facts
- PA is King commented Aug 17, 2014
Stevens never says anything shocking or anything that is unexpected...expect more of the same vanilla info that will have little to no impact on A/U except for some slight upward movement towards .9400. Yellen is very predictable as well, she isn't ...
AUD/USD Forecast Aug. 18-22
- PA is King commented Aug 17, 2014
Well said frx trader. Happy Trading!
Why The Fed Can't, And Won't, Let The Stock Market Crash
- PA is King commented Aug 17, 2014
Don't expect Yellen to help strengthen the dollar anytime soon! If anything, I'm expecting the opposite.
Fed has a lesson plan, but traders just want facts
- PA is King commented Aug 14, 2014
Your account will thank you for it.
AUD/USD – Steadies Below Key 0.93 Level
- PA is King commented Aug 14, 2014
Thank you for the kind words. I know you're trying to help others as well.
Australian business conditions hit four-year high: NAB