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- PA is King commented Jul 22, 2014
Nice observation...we have been in a wide range for a few months now. Buying around support levels and taking profits near the top of the range have been very nice to my account.
RBA Stevens: Challenges for Economic Policy
- PA is King commented Jul 22, 2014
The answers most people seek are really right in front of them on the charts. I have no crystal ball.
RBA Stevens: Challenges for Economic Policy
- PA is King commented Jul 22, 2014
Let me just point one other thing out... U/Chf, U/Jpy are up...U/Cad is flat = USD strength Nzd/U, Eur/U, Gbp/U are all down = USD strength And then you have Aus/U which is up = USD weakness(or Aussie strength)...nough said.
RBA Stevens: Challenges for Economic Policy
- PA is King commented Jul 22, 2014
Sorry to be the bearer of bad news,
, but there won't be any .92xx anytime soon. Way too much support at .9330 and .9300. Not to mention not enough reason for price to sell off. And don't get me started on technicals. Happy Trading!RBA Stevens: Challenges for Economic Policy
- PA is King commented Jul 21, 2014
I can see why you think that given the rejection at that level the past couple of weeks. Just make sure to use proper stoplosses and money management. Happy Trading!
RBA Stevens: Challenges for Economic Policy
- PA is King commented Jul 21, 2014
That's not up to me to decide.
Why are the BRICS starting a bank? And 9 more FAQs
- PA is King commented Jul 21, 2014
Considering Stevens hasn't mentioned .8500 level since late last year...and given the fact all his speeches this year he's "complained" about Aussie being high but FAILED to take any action about it...I would expect the same tonight.
RBA Stevens speech is eyed for more AUD jawboning
- PA is King commented Jul 21, 2014
Not sure what you are saying here...it hasn't moved 300pips in a day for quite some time, nor has it moved 300pips this month. It's only moved 175pips the entire month of July(.9503-9328).
RBA Stevens speech is eyed for more AUD jawboning
- PA is King commented Jul 21, 2014
I'm fairly young, I've got time on my side. I'm also pretty sure the USD will lose "world reserve currency" status before the Raiders win a Super Bowl.
Why are the BRICS starting a bank? And 9 more FAQs
- PA is King commented Jul 21, 2014
At this point, we might not even get that dip... .9360 could be the low. We just had a small bearish daily candle. Looking back this year, you typically only get 1, maybe 2, daily bearish candles before 3-5 bullish daily candles. Nothing on my ...
RBA Stevens speech is eyed for more AUD jawboning
- PA is King commented Jul 21, 2014
I'm hoping for a dip to .9330 again. Or possibly even .9300 just to fake everyone short before it rallies back up to .9400. Lets see what Mr. Stevens can do to accomplish that tonight.
RBA Stevens speech is eyed for more AUD jawboning
- PA is King commented Jul 21, 2014
The World Bank better start making some changes fast if it want's to keep it's status down the road. On a side note, I saw China just inked a deal with Venezuela for a 4 Billion credit line(which will be repayed by oil exports to China). There's ...
Why are the BRICS starting a bank? And 9 more FAQs
- PA is King commented Jul 19, 2014
I'm not saying China will be the next world reserve currency. But open your eyes to how they are positioning themselves around the world and talking other countries into getting out of the USD. The world is slowly shifting away from the USD being ...
China lends Argentina $7.5 billion for power, rail projects
- PA is King commented Jul 19, 2014
It's only the beginning...the days of the USD being the world reserve currency are numbered. We already have the BRICs....now Argentina is finding ways around using USD. Other countries to follow...to be continued...
China lends Argentina $7.5 billion for power, rail projects
- PA is King commented Jul 18, 2014
Exactly! Buy Aussie dips too!
How Geopolitical Threats Affect the Stock Market
- PA is King commented Jul 18, 2014
I am, it's been a very nice couple of weeks. All long trades on A/U and all Winners!
Dollar Limps into Weekend as Markets Wary of Geopolitics
- PA is King commented Jul 18, 2014
"Large sellers of the euro, the pound and the Australian dollar has stepped into the market. " Regarding the Aussie, WHAT CHART ARE THEY LOOKING AT??? I see a bullish engulfing candle on the Daily A/U chart. Price is near the highs of the day. Price ...
Euro cracks through 1.35
- PA is King commented Jul 18, 2014
Great job JollyBean! If you have long entries .88+, that's fantastic! Nice profits and nice rollover fee bonus! Have a great weekend!
Dollar Limps into Weekend as Markets Wary of Geopolitics