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- PA is King commented Jul 15, 2014
He won, he should be able to afford the beer! And if it was a big enough lot size, he can buy us beers too.
On a side note, seems like a/u is stalling at the 4hr 200ma again. Third time so far in July.
RBA Monetary Policy Meeting Minutes
- PA is King commented Jul 15, 2014
What did you win? A 30pip move down isn't really that impressive considering the Aussie's normal ADR is around 100pips. But if you are a scalper, I congratulate you on your 20pips.
RBA Monetary Policy Meeting Minutes
- PA is King commented Jul 14, 2014
Don't hold your breathe or blow your account waiting for the fall...the A/U hasn't closed below the Daily 200ma since March 24th. Wake me up when it closes below major support at .9200-20. Happy trading!
RBA Monetary Policy Meeting Minutes
- PA is King commented Jul 11, 2014
Good job Mr. Stevens, you sent the A/U down 25pips. Now enjoy your weekend!
RBA Stevens Interview Transcript
- PA is King commented Jul 11, 2014
Can't argue this post!
No faith in the fed from my viewpoint. They have hurt the US economy for a long time to come.Fed’s Plosser says Fed should raise rates before reaching its goals
- PA is King commented Jul 11, 2014
Definitely a possibility. Time will tell. But what to do for the rest of July, August, and September? Buy the dips! At least until the trend changes.
RBA boss Glenn Stevens warns complacency will deepen downturn
- PA is King commented Jul 11, 2014
Stevens has been saying the same things the past few months...Each time they hold interest rates steady. They complain about a high Aussie dollar value, but FAIL to take any action. When they take action and the charts close below .9200 I'll believe ...
RBA boss Glenn Stevens warns complacency will deepen downturn
- PA is King commented Jul 11, 2014
Yep, Talk is cheap...Draghi taught us that along with the Fed. Looks like RBA's Stevens is joining in on the "talk." Cheers!
Fed’s Plosser says Fed should raise rates before reaching its goals
- PA is King commented Jul 11, 2014
Exactly. So in one word to answer the question...YES! On a side note, looks like it was just a one day wonder selloff for the Aussie...right back up to .9400 Now that's a country who is managing things correctly! Had 2 trades this week...both Long ...
Is the Fed Behind the Curve?
- PA is King commented Jul 10, 2014
Well, long at .9350 last week turned out to be a good trade. Looks like the market is providing another dip opportunity for buying....we have aussie having dropped near to it's normal ADR, we have short term oversold conditions, it seems to have ...
Australia Labour Force
- PA is King commented Jul 9, 2014
It's possible, but I'd use a small stoploss...20pips or less IF I were going to take the trade. However, I think we'll see it go lower so I'm not taking it.
Australia Labour Force
- PA is King commented Jul 9, 2014
lol...I guess that's a valid statement if you consider 1/100th of a cent as being worth more and worth while. More power to you. Let me know when A/U closes below .9200 and I'll jump on the short train. I have two price feeds and neither hit ...
Melbourne Institute Survey of Consumer Inflationary Expectations
- PA is King commented Jul 9, 2014
Well, just name me one valid reason to own USD.
I'm curious. how did you happen to short at .9454...the EXACT top of the spike up in price...smells like BS to me. Melbourne Institute Survey of Consumer Inflationary Expectations
- PA is King commented Jul 9, 2014
Lots of people would be wise to remember the second half of your statement! Good post!
Australia Labour Force
- PA is King commented Jul 9, 2014
Hopefully the smiley face gave you a clue to my jovial statement. But thank you for your kind words, I'll take them under consideration. Cheers!
Melbourne Institute Survey of Consumer Inflationary Expectations
- PA is King commented Jul 9, 2014
I'm looking at the 4hr 50ma at .9390 where price is now, but I'm not confident that will hold. The 4hr 200ma at .9370ish is more tempting for an entry area imho(which isn't far from your view).
Australia Labour Force
- PA is King commented Jul 9, 2014
I understand everyone has their own opinion...for me, until Aussie closes below .9200 on the daily chart, I'll be buying dips. I also understand that is 200pips away and some might say you'll miss a lot of pips to the downside. However, I typically ...
Australia Labour Force
- PA is King commented Jul 9, 2014
yes, but not blindly...have to wait for it to find support and give a reversal signal/pattern.
Australia Labour Force
- PA is King commented Jul 9, 2014
lol...yep, hit the stops high, hit the stops low. Now to let the dust settle.
Melbourne Institute Survey of Consumer Inflationary Expectations
- PA is King commented Jul 9, 2014
That was nice, quick spike up...hit my 100pip target price! Have a good night!
Aussie's gains seen limited even after solid labor data