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- PA is King commented Jun 19, 2013
I won't be surprised if 1.3600 is reached depending on what Bernake says....of course, I won't be surprised if 1.3250 is reached either. I'll just be watching this from the sidelines, no need to gamble my money. Two more days left to trade in the ...
How to Position for Bernanke's Speech
- PA is King commented Jun 19, 2013
Considering the lopsided amount of e/u shorts from retail traders...I'm leaning on a move higher(at least to trigger their stops or margin calls) before any move down(if there is going to be a move down).
How to Position for Bernanke's Speech
- PA is King commented Jun 19, 2013
Sounds like a bunch of people are still trapped short EU...probably around 1.3100 and below. Hopefully it will work out for you.
Marking Time Ahead of the Fed
- PA is King commented Jun 19, 2013
That's what I'm waiting for...no need to gamble money beforehand.
Are EUR Bulls Prepared For The FOMC Decision?
- PA is King commented Jun 19, 2013
Considering e/u has rallied the past 4 weeks, essentially ignorning previous taper talks...it wouldn't suprise me if it did it today too. I'd be more interested to see if there aren't any taper talks, then perhaps we get one of those nice 200pip ...
Are EUR Bulls Prepared For The FOMC Decision?
- PA is King commented Jun 18, 2013
Actually, if history continues to repeat itself...this news will probably cause another run up on e/u. Greece and Italy have had problems, again, recently and the e/u is still going up. And lets not forget the overall Euro data has been negative ...
Cyprus warns may not be able to meet rescue’s current terms
- PA is King commented Jun 18, 2013
You are correct, that's why it's Buy The Dips(not top).
High-frequency trading tactic lowers investor profits
- PA is King commented Jun 18, 2013
No worries mon, Draghi says everything is irie!
Cyprus warns may not be able to meet rescue’s current terms
- PA is King commented Jun 18, 2013
I concur. Follow Price Action, that's your best bet. Put your own opinions and fundamentals aside(fundamentals are just events to get price moving...PA will tell you which way).
Housing Starts in U.S. Increased in May to 914,000 Annual Rate
- PA is King commented Jun 18, 2013
Problem is, we've had 2 Draghi interest rate decisions/speeches and 1 Bernanke(tomorrow will be #2) in the past 5 weeks. Heck, Draghi even cut interest rates and what has the e/u done? Gone up for 4 straight weeks so far...starting off week #5 up as ...
High-frequency trading tactic lowers investor profits