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- PA is King commented Jun 24, 2014
Well, if it's not ready to go up yet...then it's not ready. Price closed below 1hr 50ma, so I'm out for -5 pips. Will see if something setups around the 1hr 200ma.
$A higher on strong Chinese data
- PA is King commented Jun 23, 2014
It's part of the reason, but not the only one.
NFA's Board Approves Prohibition of Credit Cards to Fund Retail Forex Accounts
- PA is King commented Jun 23, 2014
Got the aussie dip down to the 1hr 50...long at .9410, s/l around the 1hr 200ma. Should see a retest of yesterday's highs...if not a break above. Happy Trading!
$A higher on strong Chinese data
- PA is King commented Jun 22, 2014
I mentioned this last week..we are in a .9200-95000(roughly) range on the daily chart. Each trader has their own style, method, views, etc...I just try to put the odds in my favor and again, for me...buying Aussie has been profitable this year. And ...
HSBC Flash China Manufacturing PMI
- PA is King commented Jun 22, 2014
I wouldn't go long here either...I'd wait for another dip to buy. Until the daily chart candle closes below .9200, I am bullish...but that's just how I see it. Happy Trading!
HSBC Flash China Manufacturing PMI
- PA is King commented Jun 22, 2014
Perhaps I misunderstood you...I'm not sure if English is your first language or not, but the comment you wrote above "Who sayis it was China data" suggests that you don't think it was. Then you come back and say "I'm saying it has everything to do ...
HSBC Flash China Manufacturing PMI
- PA is King commented Jun 22, 2014
Really? Price spikes up the same exact time China's Manufacturing PMI news is released and you are telling me the move has nothing to do with China but it's pricing in "future" USD data?
HSBC Flash China Manufacturing PMI
- PA is King commented Jun 22, 2014
The answer is in the charts. We have a 60 pip rally to start the week on what? Good China data? But where was all the selling when there was bad China and Aussie data last week? Where was all the selling on Bad Job data from Aussie? And techincally ...
HSBC Flash China Manufacturing PMI
- PA is King commented Jun 22, 2014
Does it matter? Just buy the dips in an uptrend...when the trend ends, sell the rallies. .9500 is the first target, .9600 is the next. After that, who knows...may or may not go back to 1.0000.
Side note: Take note of how the bad news on China's ...HSBC Flash China Manufacturing PMI
- PA is King commented Jun 20, 2014
It's a shame it's Friday, I like at pullback to .9370 on a/u for a possible long setup...but not before the weekend.
Dollar wins a reprieve, but Fed outlook should keep it penned up
- PA is King commented Jun 20, 2014
I would like to see the FIFO rule go away and bring back 100:1 leverage...if used properly, they are great tools. And if you don't know how to use them, then you don't have to. But I like having options...such a shame.
US Retail FX client assets drop to multi-year lows
- PA is King commented Jun 19, 2014
Price Action"PA" is King....not me(just so we don't get confused).
A Peek Inside The Secret World Of Currency Manipulation
- PA is King commented Jun 19, 2014
I see aussie likes this news.
China Property Collapse Seen as $33 Billion in Trusts Due
- PA is King commented Jun 19, 2014
"3 banks accounted for 30% of the forex market"...now you understand why price doesn't follow good data/bad data and typically goes against it. The banks can see the orders & flows and use that to their advantage. Happy Trading!
A Peek Inside The Secret World Of Currency Manipulation
- PA is King commented Jun 19, 2014
People....PLEASE don't trade news numbers, you'll lose your money more than you'll win. Good US jobs claims...and what is the reaction in the market? AU went up, GU went up, EU went up...so there goes the "buy USD" theory. The news is only there to ...
US Unemployment Insurance Weekly Claims
- PA is King commented Jun 19, 2014
Not sure if you are talking technical numbers or news/data numbers. But if it's news/data numbers I respectfully disagree. There are plenty of times when the news/data numbers are misleading...you can have good US data but the USD sells off or you ...
Dollar slips after Fed more dovish than expected
- PA is King commented Jun 19, 2014
Good posts by JollyBean and ThinkForex MS... I forgot in my post above to also add in the fact that last year the RBA was complaining about the strong Aussie and wanted to see it at .8500 or lower. However, at the end of 2013 they changed their ...
USD/JPY: Bull Vs Bear Cases; AUD/USD: Wave-5 Target - Nomura
- PA is King commented Jun 19, 2014
All smoke and mirrors...not sure why anyone was expecting the Fed to be hawkish. Ever since Yellen took over, she's been mostly dovish. She's stated before that the Fed won't be raising rates anytime this year. I'm not surprised they said the same ...
Dollar slips after Fed more dovish than expected
- PA is King commented Jun 18, 2014
Glad to see efxnews finally have an a/u article. And I agree with their comment on major support areas of .9220 and .9330 on a/u..but you don't need Elliot waves or Fibs to show you that, it's pretty straight forward looking at the Daily chart for ...
USD/JPY: Bull Vs Bear Cases; AUD/USD: Wave-5 Target - Nomura