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  • Australia Labour Force

    From abs.gov.au Story is in PDF Format

    AUGUST KEY POINTS TREND ESTIMATES (MONTHLY CHANGE) Employment increased to 11,638,400. Unemployment increased to 764,100. Unemployment rate increased 0.1 pts to 6.2%. Participation rate increased 0.1 pts to 65.0%. Aggregate monthly hours worked increased 3.2 million hours (0.2%) to 1,613.6 million hours. SEASONALLY ADJUSTED ESTIMATES (MONTHLY CHANGE) Employment increased 121,000 to 11,703,500. Full-time employment increased 14,300 to 8,094,300 and part-time employment increased 106,700 to 3,609,200. Unemployment decreased 33,500 to 755,100. The number of unemployed persons looking for full-time work decreased 24,600 ... (full story)

  •  Guest
  • | IP XXX.XXX.1.25
Unbelievable.....
buy AUD\USD?
I'm tired of making many samll GREEN pips, then one BIG red wash them all.
Great job once again by FF getting us this news quickly (sarcasm)
No doubt, buy AUDUSD
lol sweet.
yea man! seriously though...Apart from the platform(like Alpari and Oanda) where else do get news very quickly?
  •  Guest
  • | IP XXX.XXX.193.47
Funniest thing is PA King is bearish
Market now sell off below .9200, will it keep dropping?
  •  Guest
  • | IP XX.XXX.169.177
aus/usd has refused to go up. PLEASE what is wro
ng?
Quoting Guest
Funniest thing is PA King is bearish
Quoting Guest
Funniest thing is PA King is bearish
he said that he would sell the rally
  •  Guest
  • | IP XXX.XXX.79.65
He's right now as well, sell any rally boys....!
Quoting milano
buy AUD\USD?
Nope, sell the rallies!


Quoting Guest
Funniest thing is PA King is bearish
Yep, sell the rallies is what I've said...and it's already sold off 30pips from that spike up! Good old Pump and Dump!
................3) price is better than expected and you get a spike up where there are a lot of sellers waiting to get back in short Aussie. There's always a chance I'm wrong...but I think the odds are on my side. (Quote PA is King)

PA is King, it may be per your expectation!
Quoting PA is King
Nope, sell the rallies!




Yep, sell the rallies is what I've said...and it's already sold off 30pips from that spike up! Good old Pump and Dump!
So are those good numbers have a 30min effect only
I'm tired of making many samll GREEN pips, then one BIG red wash them all.
Make that a 40pip selloff from that spike up now.
i had a good chance for sell aud/usd very good thanks again aussie ~!!!!!!!!!!!!!!!
don't find the correct answer in market. just feel it and follow the wave.
Dodgy numbers combined with the weak Chinese numbers will cap the upside but we could see 0.9250-60 sometime today (daily 20 ema) on a mean reversion retracement. That will be a good place to go short.
  •  Guest
  • | IP XXX.XX.114.78
You're all idiots.

Unemployment numbers are one of the main drivers that set interest rate policy. These numbers are huge.

As always there will be a rebound from the immediate high but the Australian dollar has been building in strength for almost 24 hours now.

You can analyse technicals on charts all day but the statistics speak for themselves.
Quoting PA is King
Make that a 40pip selloff from that spike up now.
I need your brain for a few days
I'm tired of making many samll GREEN pips, then one BIG red wash them all.
  •  Guest
  • | IP XX.XXX.99.173
Quoting Guest
You're all idiots.

Unemployment numbers are one of the main drivers that set interest rate policy. These numbers are huge.

As always there will be a rebound from the immediate high but the Australian dollar has been building in strength for almost 24 hours now.

You can analyse technicals on charts all day but the statistics speak for themselves.
Let me tell you what breaking 0.92 support means my friend. That means that little bearish trend with consolidation is over. We are going lower that is almost certain. But do as you wish. We shall see who pays the price.
[quote=Guest;7731064]You're all idiots.

No need to be rude - have your say politely please.
[quote=Deano9999;7731087]
Quoting Guest
You're all idiots.

No need to be rude - have your say politely please.
I hope he is a profit trader like PA
  •  Guest
  • | IP XXX.XX.114.78
i wasn't meaning to be rude though i was making light of your confident bearish calls on this one.

Anyway, just keep holding on to your Sells. I'll hold my buys but hey I'm in it for the long term as my leveraged positions attract the overnight premiums.

I'd say there is a 60% of going up and a 40% of going down but that 40% is offset by that premium.
  •  Guest
  • | IP XXX.XXX.97.36
the numbers are wrong.. crazy aussie statistics dept
so don't believe this number and go for action
It's pretty clear. There's money to be made both ways. It could go down to low 0.91s or even 0.90s, so there's potential profits on the short side. Long term, there's enormous profits to be made on the upside IMO.

Different strokes for different folks.

Trade your strategy, trade safe.
Quoting Deano9999
Dodgy numbers combined with the weak Chinese numbers will cap the upside but we could see 0.9250-60 sometime today (daily 20 ema) on a mean reversion retracement. That will be a good place to go short.

I could go along with that...I was actually looking for that yesterday before the 100pip selloff from .9215 just after the Asian session got going.

Quoting milano
I need your brain for a few days
Quoting kabukyboy
I hope he is a profit trader like PA
Lets not get carried away. I have losses just like everyone else. Lets face it, Forex trading is just a probabilities endeavour. I don't risk more than I'm willing to lose. I don't Buy Highs or Sell Lows. I look for reasonable profits between 30-50pips(Keeps me well within normal Average Daily Ranges). And I try to buy/sell near Support/Resistance levels.
we shall see by the end of the week, 0.9203 is broken or not. weekly chart is showing this level is pierced through, but not confirmed. if you look at weekly chart, the candle closed on April 12 was the last trending candle, since then, price went up and down, extending the range, discovering new highs and lows, but never really trend, just range. the lowest point hit in the week closed on May 3 is 0.9203. we must see a weekly candle closed below 0.9203 to confirm the down trend. daily candle closed below 0.9203 means nothing, buyer could push price back to the range today and tomorrow. we shall see!
Quoting PA is King
Make that a 40pip selloff from that spike up now.
Howdy PA, Looking at that smiley face tells me you are a happy punter LOL.
What do you see as the possible low coming here ? I have run a fib from the H4 high and it indicates a 161.8 Extn down to 0.8934.
Would be interested in hearing what you think. Cheers.
Quoting binnie
Howdy PA, Looking at that smiley face tells me you are a happy punter LOL.
What do you see as the possible low coming here ? I have run a fib from the H4 high and it indicates a 161.8 Extn down to 0.8934.
Would be interested in hearing what you think. Cheers.

That's a little too far out for me to think about. I'm looking for .9060 area near term. Probably not this week...maybe next week. Of course, we could just go sideways for a week and then get a pullback before another selloff. I'm more of a day trader so I don't look that far out to be honest. Happy Trading!
You're all idiots.

Unemployment numbers are one of the main drivers that set interest rate policy. These numbers are huge.

As always there will be a rebound from the immediate high but the Australian dollar has been building in strength for almost 24 hours now.

You can analyse technicals on charts all day but the statistics speak for themselves.[/quote]

Thank you for your nice words about being idiots. This is a forum and we are all entitled to an opinion. Please refrain from posting silly remarks or refrain from being here.
Quoting Bramsilalahi
No doubt, buy AUDUSD
Longs will get squeezed
  •  Guest
  • | IP XX.XXX.8.228
the nuts of the report are in the increases in part-time and full-time employment, male and female.
Possibly
Quoting Guest
You're all idiots.

Unemployment numbers are one of the main drivers that set interest rate policy. These numbers are huge.

As always there will be a rebound from the immediate high but the Australian dollar has been building in strength for almost 24 hours now.

You can analyse technicals on charts all day but the statistics speak for themselves.
I wonder why people make snarky comments perhaps its to bolster their own self esteem ,good on all posters keep up the good work.
well I see deception by the government taking people of one list then put them on another list , thats why we have the swing but in the end it will come out in next month
people leave, but this thread will go on for ever
Quoting PA is King
Make that a 40pip selloff from that spike up now.

I stand corrected, 60 selloff on that news spike.


So just to recap, Aussie had amazing jobs data, we had a big 5min spike in price followed buy a 60pip selloff back to pre-news levels. Absolutely no follow through on any buying. Meanwhile e/u and g/u have actually gone up slightly during this period! That right there is the market yelling at you that the highest probability of a winning trade is to sell the rallies on Aussie.


Oops, 70pips and counting. lol
Just a couple pips shy of an 80pip selloff from that "good" news spike now. Another perfect example of why you don't trade news number, but price action instead.
This is just comical now.... 90pips and counting. lol

Does anyone remember earlier in the year when we'd get Bad Aussie and Bad China data, yet the Aussie would keep rallying??? This is the same type of market behavior, only reversed.
I did say longs will get squeezed. Looking for a false break of the lows before even considering a long position. Love these markets hey
Quoting PA is King
Just a couple pips shy of an 80pip selloff from that "good" news spike now. Another perfect example of why you don't trade news number, but price action instead.
Then why do you keep posting your nonsensical comments in direct reaction to news releases? You're a study in contradictions - a week ago you told me the price wouldn't touch 0.9200 any time soon. Now you're bitching about news releases not to be trusted. Well, does the bear shit in the woods?
Quoting Subdude
Then why do you keep posting your nonsensical comments in direct reaction to news releases? You're a study in contradictions - a week ago you told me the price wouldn't touch 0.9200 any time soon. Now you're bitching about news releases not to be trusted. Well, does the bear shit in the woods?
No no, you have it wrong. You can use news to your advantage because the news events are usually what cause prices to move. However, just because news data is good doesn't mean you should buy and vice versa. Aussie was a perfect example last night of when to sell on the spike of good data.

It's now down 110pips from that false move up. Cheers!
  •  Guest
  • | IP XX.XXX.73.82
Real reason behind sell off : less demand for iron and property bubble in AU
What you all think about gbp/aud?
Now while I've changed my bias to Sell the Rallies on A/U...and I'm looking/waiting for that rally to sell...I do believe there is an opportunity here to buy at the .9100 given the fact that we've now had 4 straight 100pip or more bearish daily candles on A/U and the weekend is coming up. Along with some oversold condition. I wouldn't expect any big moves up, I'd only be looking for price to go up to .9150 area and maybe even .9180. So I'm long here at .9109.
Quoting Guest
Real reason behind sell off : less demand for iron and property bubble in AU
Who control their country currency;
It not the news, It the governor of that country.
Just before this news,nz governor say the Kivi is still too high and see what hapening.
the japan Abe said he want the yen to be weak and you see what happening.

Mr. Steven say the Assi is too high and boom!!!! you know then what happen

So when they speak we want to hear what they say about their currency and that is how we expect the movement of that currency
Quoting PA is King
No no, you have it wrong. You can use news to your advantage because the news events are usually what cause prices to move. However, just because news data is good doesn't mean you should buy and vice versa. Aussie was a perfect example last night of when to sell on the spike of good data.
Nice try explaining it away.

Every time AU didn't collapse following bad data, you would post here gloating about how right you are to urge people to load up on Aussie. This was as recent as a few weeks back - fortunately, there's a trail of your comments that documents it all. "Buy Aussie on dips" is what you kept saying all along... well, how's that working out for ya?
Quoting PA is King
Now while I've changed my bias to Sell the Rallies on A/U...and I'm looking/waiting for that rally to sell...I do believe there is an opportunity here to buy at the .9100 given the fact that we've now had 4 straight 100pip or more bearish daily candles on A/U and the weekend is coming up. Along with some oversold condition. I wouldn't expect any big moves up, I'd only be looking for price to go up to .9150 area and maybe even .9180. So I'm long here at .9109.
Do you think it may go up back again?
I'm tired of making many samll GREEN pips, then one BIG red wash them all.
Quoting PA is King
Now while I've changed my bias to Sell the Rallies on A/U...and I'm looking/waiting for that rally to sell...I do believe there is an opportunity here to buy at the .9100 given the fact that we've now had 4 straight 100pip or more bearish daily candles on A/U and the weekend is coming up. Along with some oversold condition. I wouldn't expect any big moves up, I'd only be looking for price to go up to .9150 area and maybe even .9180. So I'm long here at .9109.
PA - My current H4 candle is hovering under that .9100 so still enough time to hunt out that .9060 level you mentioned yesterday. But with the weekend approaching there could be a wee turnaround to accomodate profit takers. If I get a close back above the .9100 this will also show me a nice divergence in Price / Macd so a short ride back up to that .9150 could be on the cards. I'm trying to kick it down to a target of .9075 & then it can turn around if it wants.. LOL...
Happy day everyone.
Quoting Subdude
Nice try explaining it away.

Every time AU didn't collapse following bad data, you would post here gloating about how right you are to urge people to load up on Aussie. This was as recent as a few weeks back - fortunately, there's a trail of your comments that documents it all. "Buy Aussie on dips" is what you kept saying all along... well, how's that working out for ya?

Should go back to earlier this week and read " my trail of comments" And see where you are incorrect.
Quoting milano
Do you think it may go up back again?

I thought it was going to go back up some today. Did initially after I entered long but then stalled out... I closed for -10.
Quoting binnie
PA - My current H4 candle is hovering under that .9100 so still enough time to hunt out that .9060 level you mentioned yesterday. But with the weekend approaching there could be a wee turnaround to accomodate profit takers. If I get a close back above the .9100 this will also show me a nice divergence in Price / Macd so a short ride back up to that .9150 could be on the cards. I'm trying to kick it down to a target of .9075 & then it can turn around if it wants.. LOL...
Happy day everyone.

It does appear to still want to continue down to those levels.
Quoting PA is King
Should go back to earlier this week and read " my trail of comments" And see where you are incorrect.
Good thing FF has a well built search feature.


PA is King
| Commented Sep 3, 2014

... finally acted and did something about it. Until Stevens does something about it, Buy the Dips on Aussie and don't expect it to go below .9200 anytime soon! Cheers!
Story: Ukrainian peace talks drive stocks in Europe while the Aussie gets a...

PA is King
| Commented Sep 3, 2014

Just keep buying Aussie on the dips...A/J, A/U, or even sell the rally on E/A...it doesn't matter. Aussie is the currency you want to buy versus all others! The news isn't going to matter. Heck, we started out ...
Story: Why Smart Traders Will be Watching AUDJPY Over the Next 12 Hours

PA is King
| Commented Sep 3, 2014

... to go there...I just won't be surprised if it does). Aussie has been a Rock Solid Buy the Dips currency for months now! Any dip below .9300 has resulted in a rally back up around .9330 or higher. Safest trade ...
Story: Fed's Fisher says gradual rate rises won't 'brake' U.S. economy

PA is King
| Commented Sep 3, 2014

Would you look at that, just as predicted...A/U above .9330 now! hahaha It's not rocket science, it's PRICE ACTION at it's finest. Buy Aussie Dips below .9300 and enjoy your profits!!!
Story: Intraday Outlooks For EUR/USD, USD/JPY, GBP/USD, AUD/USD - SEB

PA is King
| Commented Sep 3, 2014

{quote} Well, it doesn't get much easier than that!!! 50pips in my pocket! You just can't go wrong Buying Dips on Aussie!!!
Story: Statement by Glenn Stevens, Governor: Monetary Policy Decision

PA is King
| Commented Sep 3, 2014

... are still in control. I stand by my comments...Aussie is the best pair to trade. Buying dips below .9300 has proven to be profitable for 5 straight months now and until price closes below .9200 on the Daily ...
Story: Intraday Outlooks For EUR/USD, USD/JPY, GBP/USD, AUD/USD - SEB

PA is King
| Commented Sep 3, 2014

... when A/U finally closes below .9200 on the Daily chart, your safest trade is to BUY the Dips on Aussie! It's worked time after time after time after time since April!
Story: Australia National Accounts: National Income, Expenditure and Product

PA is King
| Commented Sep 2, 2014

... out some orders. That's just my opinion though, might not count for much...I'm a Buy the Dips guy on A/U until the Daily chart closes below .9200. Some day that will happen, but it's stayed above that level ...
Story: Australia National Accounts: National Income, Expenditure and Product

PA is King
| Commented Sep 1, 2014

... take away from this is that now the market has tipped it's hand, again, that buying the dips on Aussie is the safer trade. Happy Trading!
Story: RBA Index of Commodity Prices: August 2014

PA is King
| Commented Aug 27, 2014

... to sell it, but I think the higher probability of having a winning trade is by Buying the Dips! Happy Trading! p.s. Just some more Food For Thought. On the 4hr chart, for the past 9 candels...we have had 8 ...
Story: Australia Construction Work Done

PA is King
| Commented Aug 26, 2014

Just so I'm a little more clear here...I'm not implying anyone should buy A/U at these highs. One should always Buy the Dips for Longs...and Sell the Rallies for Shorts.
Story: Australia Construction Work Done

PA is King
| Commented Aug 26, 2014

... been doing that since APRIL! 5 Straight months now...it's the SAFEST out there. Buy The Dips on A/U. .9220 would be the best entry, .9250 area next, followed by .9270-80. Until A/U closes below .9200 on the ...
Story: Yellen Job-Slack View Muddied by Pent-Up Wage Deflation

PA is King
| Commented Aug 22, 2014

... winning trade. Without a doubt, you are more likely to have a profitable trade Buying the Dips on Aussie than you are trying to Sell the Rallies. I've never said you Couldn't Sell and make a profit...it's ...
Story: AUD/USD – Rallies and Clings onto Key 0.93 Level

PA is King
| Commented Aug 21, 2014

{quote} Same story, different day...Buy the Dips on Aussie!!!
Story: AUD/USD – Rallies and Clings onto Key 0.93 Level
Quoting Subdude
Good thing FF has a well built search feature.


...


I like how you Cherry Pick my quotes. But you FAILED to do exactly what I said...go back to my quotes from THIS week...Sept. 8-10. Again, you'll see your incorrect.

Thank you for spending so much time on me though, I feel special.
Quoting PA is King
I like how you Cherry Pick my quotes. But you FAILED to do exactly what I said...go back to my quotes from THIS week...Sept. 8-10. Again, you'll see your incorrect.

Thank you for spending so much time on me though, I feel special.
You are "special" ... . Wink wink. Nudge nudge
Fireworks are fun ... as long as you don't blow your fingers off.
Quoting ZebraSquirl
You are "special" ... . Wink wink. Nudge nudge
lol...thanks.
Let me help Subsude out a little...Sept. 9th, evening time.
Quoting Guest
aus/usd has refused to go up. PLEASE what is wro
ng?
Its all bullshit. New right wing government is fiddling the numbers.
Quoting PA is King
Let me help Subsude out a little...Sept. 9th, evening time.
Your name says it all, Price Action is King and will be king ...., looking at this week's bear candle, I can see 8900 will be hit next week.
Quoting PA is King
I like how you Cherry Pick my quotes. But you FAILED to do exactly what I said...go back to my quotes from THIS week...Sept. 8-10. Again, you'll see your incorrect.

Thank you for spending so much time on me though, I feel special.
First, I didn't have to cherry pick your quotes - it's been such a steady stream of garbage from you, one doesn't really have to edit anything out, just highlight the best content. For many weeks (months really), I saw nothing but a steady drumbeat of cheerleading for AUD from you, at every opportunity, i.e. when any news release happened. All while this thing has really done nothing but trade sideways at best, slowly drifting down, in fact. If you recall, I have ridiculed you on occasion for providing no concrete evidence to your claims of this currency being the safest bet of all, which you never really addressed. Then, when this "rock solid" asset simply tanked, you drastically changed your view because hey - it's kind of hard to argue with the obvious, isn't it?

But please do feel special if that gives you a warm fuzzy feeling. Evidently, there are lots of FF users willing to take you seriously - I won't be one of them, nor will you see me spend much more time debunking your posts. I believe I've done a decent job of that now.
Quoting abhirag
Your name says it all, Price Action is King and will be king ...., looking at this week's bear candle, I can see 8900 will be hit next week.
Your Weekly is looking ominous for a further charge down for sure - hadn't noticed that until you made the point. Price just hit PA's projection - will it pull back for the weekend ?? Possible re-entry Monday/Tuesday on the retraces.
Quoting Subdude
.... I believe I've done a decent job of that now.

You really haven't done a decent job of anythin except looking like a fool. You forgot to post my comments on my winning trades. You forgot to post my comments where I posted a trade live, step by step from the moment before I entered...how I managed it, how I closed it, ALL Live and in REAL time!

You also forgot to post all my comments that I've been saying for months about how once A/U closed below .9200 on the Daily chart I would turn bearish. You forgot to post the comments where I've always said that I'm not always right. You forgot to post the comments where I said trends change and price doesn't go up or down forever...the market just has cycles. I've said all along that one day the Aussie uptrend would change...I was a Bull until it closed below .9200 which is documented numerous times. Well, it finally closed below .9200 earlier in the week and now I'm a Bear. I've never lied or hidden from anything. I've always admitted when I've been wrong or had a losing trade. Heck, I even posted a losing trade early today.

Honestly, if you are only going to cherry picks quotes from people to try and make yourself look good(or them bad) when in reality you aren't posting all the facts...then you just look like a fool. I feel sorry for you. Hopefully you can find that happy place in your life one day! Best of luck to you and your trading. Cheers!

The End
Quoting binnie
Your Weekly is looking ominous for a further charge down for sure - hadn't noticed that until you made the point. Price just hit PA's projection - will it pull back for the weekend ?? Possible re-entry Monday/Tuesday on the retraces.
The way market is heavily trending, all my patterns busted, its tough to say if it will retrace or correct. I am short AUD/USD anyway with target 8900.
Quoting PA is King
You really haven't done a decent job of anythin except looking like a fool. You forgot to post my comments on my winning trades. You forgot to post my comments where I posted a trade live, step by step from the moment before I entered...how I managed it, how I closed it, ALL Live and in REAL time!
Really? Care to expose your trades to FF's trade explorer, instead of bragging about making 30 pips on a volatility spike following a news release? Didn't think so.

Quote
You also forgot to post all my comments that I've been saying for months about how once A/U closed below .9200 on the Daily chart I would turn bearish. You forgot to post the comments where I've always said that I'm not always right. You forgot to post the comments where I said trends change and price doesn't go up or down forever...the market just has cycles. I've said all along that one day the Aussie uptrend would change...I was a Bull until it closed below .9200 which is documented numerous times.
The End

Not true at all. I was reading your comments, and nothing in these ever indicated any caution or defensive position - just a bunch of unabashed cheerleading. Show me one where you warned about possible downside risks to the trade you were advocating, as a disclosure. Can't? Well, I can't find one either... but I did find a lot of this:

http://www.forexfactory.com/news.php...78#post7733854

Honestly, man - do you really think everyone is an idiot?
Quoting Subdude
Really? Care to expose your trades to FF's trade explorer, instead of bragging about making 30 pips on a volatility spike following a news release? Didn't think so.



Not true at all. I was reading your comments, and nothing in these ever indicated any caution or defensive position - just a bunch of unabashed cheerleading. Show me one where you warned about possible downside risks to the trade you were advocating, as a disclosure. Can't? Well, I can't find one either... but I did find a lot of this:

http://www.forexfactory.com/news.php...78#post7733854

Honestly,...

Everyone if free to post their opinion, no one ask to trade based on that.
Quoting Subdude
...
Not true at all. I was reading your comments, and nothing in these ever indicated any caution or defensive position - just a bunch of unabashed cheerleading. Show me one where you warned about possible downside risks to the trade you were advocating, as a disclosure. Can't? Well, I can't find one either... but I did find a lot of this:

http://www.forexfactory.com/news.php...78#post7733854

Honestly, man - do you really think everyone is an idiot?

HAHAHAHAHA...Do You Even Read what you post? That link you sent me...will all my "comments" has an example of me warning people that one day the A/U will close below .9200!!!

"PA is King
| Commented Sep 2, 2014

... out some orders. That's just my opinion though, might not count for much...I'm a Buy the Dips guy on A/U until the Daily chart closes below .9200. Some day that will happen, but it's stayed above that level ...
Story: Australia National Accounts: National Income, Expenditure and Product"


I didn't even have to find a quote...you found it for me. Thanks for playing the fool again! Cheers Mate!
Quoting abhirag
Everyone if free to post their opinion, no one ask to trade based on that.
Thanks abhirag. And Binnie too. Subdude has some kind of personal issues he needs to work out. If he wants to take it out on me, that's fine. I know how I trade, it's my style...it doesn't work for everyone. But I'm always honest about my thoughts/posts. Even when I'm wrong and have a losing trade, I post it.

Many pips to you abhirag and everyone else as well!
Don't do against the market. AUD will fall to .84. But I don't know when, maybe in 2018.
Quoting PA is King
Thanks abhirag. And Binnie too. Subdude has some kind of personal issues he needs to work out. If he wants to take it out on me, that's fine. I know how I trade, it's my style...it doesn't work for everyone. But I'm always honest about my thoughts/posts. Even when I'm wrong and have a losing trade, I post it.

Many pips to you abhirag and everyone else as well!
Thanks PA, you should consider putting a disclaimer with every post .

Subdude, I understand Sep 2014 has been frustrating for technical traders like me. I come here to see what other's opinion is and People (at least I am) are here to learn from others, but still keeping the basics rights.

Look at Renko charts if you really want to understand price action. I trade only structures and patterns and always use Renko charts for price action.

Again, its just my opinion and please do not trade based on that.
It doesn't matter whether PAK trades or not. As long as he gives good advice that counts. I don't give a ddddamn abt his trades.
Quoting frx_trader
It doesn't matter whether PAK trades or not. As long as he gives good advice that counts. I don't give a ddddamn abt his trades.

Thanks guys, it's really ok though. Everyone on FF is free to write what they want on here...unfortunately sometimes traders just aren't nice to other traders.

My final thoughts/comments on this: There are a million different ways to trade fx. Some scalp, day trade, swing trade, or position trade. Some trade one or two pairs, some trade 20 pairs. Some trade large lots with small stoplosses, some trade small lots with large stoplosses. There's no way any one trader can make a post on here that covers all those different scenerios! Also, there isn't one trader who is perfect either. I have never claimed to be perfect and I'm more than willin to post my losing trades(I already do that). What I post on here is based on my style of trading, if you like it and it helps you out...GREAT! That's my goal. If it's not for you, that's ok too...I wish you the best in finding what works for you. The end goal is that we are all making pips!!!

Now lets all have a great weekend and get back to trading next week! I'll still be looking for some type of pullback/rally on A/U to sell now that it has decisively broken through and closed below my .9200 level earlier in the week. Not to mention even retested it Wednesday night and then sold off 170pips after that Aussie jobs data! The 5 straight days of selling this week, 350ish pips so far, and the huge bearish weekly candle has shifted the trend from up/sideways to down imho.


p.s. Per abhirag's advice, here's my disclaimer: My posts are my opinions and should be traded at your own risk. I may be right, I may be wrong. Trading forex always involves risk and you may lose(or win) lots of money. Only trade what you can afford to lose! I think that about sums it up right? hehehe
Good on you PA
go for it PA. You're doing great buddy. My main thread is here on FF but I live in NZ & the Aussie suits me time wise. Reading the red news comments has lead me here. I appreciate your style & thankyou for your efforts to make this learning a bit more interesting. If I knew how to post smilies on this thread, I would put on a big thumbs up.... ( LOL )
Cheers Mate
BTW - here we come 0.8935 ( 161 Extn ) Ha ha ha .

PA - just an after thought : Is it best we start another thread to keep this Aussie alive & kicking ?? Or do you already have somewhere else we can stay in touch.
Quoting binnie
go for it PA. You're doing great buddy. My main thread is here on FF but I live in NZ & the Aussie suits me time wise. Reading the red news comments has lead me here. I appreciate your style & thankyou for your efforts to make this learning a bit more interesting. If I knew how to post smilies on this thread, I would put on a big thumbs up.... ( LOL )
Cheers Mate
BTW - here we come 0.8935 ( 161 Extn ) Ha ha ha .

PA - just an after thought : Is it best we start another thread to keep this Aussie alive & kicking ?? Or do you already have...

There is another one I've commented on recently...about the Aussie and Iron Ore I believe. Thanks for the kind words. Looking at my daily chart, I wouldn't be surprised to see a wide range between .8800 and .9100 for some consolidation before possibily continuing down.
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