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- PA is King commented Jul 18, 2014
Anyone else buy A/U on yesterday afternoons dip??? It was another easy 40pips buying around the strong support level at .9330!!! Another fantastic week buying dips! Have a great weekend everyone!
Dollar Limps into Weekend as Markets Wary of Geopolitics
- PA is King commented Jul 17, 2014
I guess the Aussie liked this news. Still lots of support around .9330. Quadruple bottom at that level on the 4hr chart(June 17th, July 3rd, July 16th, and July 17th). To be fair, the highs are getting lower too...so the range is shrinking.
China home prices rise at slowest pace this year in June
- PA is King commented Jul 17, 2014
Isn't that a nice afternoon surprise, glad I took my profit earlier this morning.
Large IDF force just launched ground operation in the Gaza Strip
- PA is King commented Jul 17, 2014
Exactly...Aussie is the best currency to own out of the majors. Not only is it trending up, but you earn money on interest too!
Yen in vogue as sanctions on Russia sour risk sentiment
- PA is King commented Jul 17, 2014
Well, my 50pip target just got hit. Last three trades all three long Aussie, ask three winners, and 180pips. I'm sorry bears, but the charts and numbers just do lie...the highest probability of making pips is by longing Aussie. Until the daily chart ...
China's GDP Q2 grows above estimates
- PA is King commented Jul 17, 2014
Risk is on with Aussie...Just sayin'
Yen in vogue as sanctions on Russia sour risk sentiment
- PA is King commented Jul 17, 2014
Inverse Head&Shoulders pattern on 1hr a/u chart. Just pointing it out.
US home construction preview
- PA is King commented Jul 17, 2014
Man I love the Aussie this year...the pair that just won't stop giving pips!!! As long as you buying the dips!!!
NAB’s quarterly business survey: Confidence eased in Q2
- PA is King commented Jul 16, 2014
All this will do is put another reason on Russia's board of why the USD shouldn't be a world reserve currency. The BRICs are just counting down the days.
U.S. hits oil giant Rosneft, other firms with toughest Russia sanctions
- PA is King commented Jul 16, 2014
Imho, the quick one to two hour spikes down in price are nothing more than market makers stoploss hunting or baiting people into shorts. The slow steady moves back up, that's the true direction. Cheers!
AUDUSD Fundamentals Mixed, but Technicals Shifting In Favor of Bears
- PA is King commented Jul 16, 2014
Jolly bean was the first one to mention .9330 level to watch. I just agreed.
China's GDP Q2 grows above estimates
- PA is King commented Jul 16, 2014
Yep, pretty simple pattern these days...you get one or two hours of selling followed by a slow stay climb right back up to pre news levels or higher.
China's GDP Q2 grows above estimates
- PA is King commented Jul 16, 2014
Good call. I'm long at .9336 and looking good so far. Small stoploss now.
China's GDP Q2 grows above estimates
- PA is King commented Jul 15, 2014
I'm interested to see how price reacts around the .9330 area.
AUD/USD: Trading the Chinese GDP
- PA is King commented Jul 15, 2014
More and more articles and banks starting to talk about Aussie going short/lower...I think I'll trade the charts instead and go long. No need to try and pick/ guess a top...the charts will show me when it forms one. Hair Trading!
AUD/USD: Ready To Push Below 0.92?; EUR/USD: Holding Short - Citi
- PA is King commented Jul 15, 2014
Well, considering I haven't seen any follow through on any Aussie selling(usually just a spike down followed by a rise back up to pre news levels or higher....Yellen news today add one example)....and this has been going on for months, I wouldn't ...
AUD/USD: Trading the Chinese GDP
- PA is King commented Jul 15, 2014
Possible...but give it some time. Could be in the middle of whipsawing right now.
Yellen: Monetary Policy and the Economy
- PA is King commented Jul 15, 2014
Agreed, multiple layers of support below starting with. 9330 as you mentioned. Daily 200ma around. 9275. And of course around. 9220 is major support if it happens to make it that far. I don't really see any reason for it to drop that far, but the ...
RBA Monetary Policy Meeting Minutes