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  • Chinese Producer Prices Tumble For 34th Month In A Row, Worst 'Deflation' Since Oct 2009

    From zerohedge.com

    For the 34th month in a row, Chinese Producer Prices (PPI) fell YoY (dropping 4.3%, missing expectations of a 3.8% deflation). This is the biggest YoY drop in prices since October 2009 led by a 9.9% plunge in fuel costs. Chinese Consumer Prices are also showing continued deceleration with a 0.8% rise YoY (missing expectations of a 1.0% rise YoY) - the weakest CPI low-flation since November 2009. Great news for the average Chinese person is that food prices rose at the slowest pace in years (and even better the cost of alcohol & tobacco fell YoY again). Producer Price 'Deflation' continues for the 34th month... As ... (full story)

Market makers playing the fool with the retail traders?

WTF!
lol...nice rally on bad China news. As I said last week, there was a major shift in the Aussie after the interest rate cuts and that 200pip rally! Price can't even stay below .7750, let alone hey back below .7700.
Don't worry, they can't defy gravity
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Quoting PA is King
lol...nice rally on bad China news. As I said last week, there was a major shift in the Aussie after the interest rate cuts and that 200pip rally! Price can't even stay below .7750, let alone hey back below .7700.
it might be bad data for china but it is good data for Aussie as it means the china can keep cutting rates which is positive for Aussie
Wait until Wed. night and Aussie's employment news...that will probably be the only chance for A/U to sell off. If it can't then, then we are heading to .8000 initially.
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A/U is going up before Aussie's employment news. Forecast is unbelivable low.
WTF
Quoting yunyoungro
WTF

???


No surprises here....Aussie couldn't stay below .7750 last week. It couldn't stay below .7750 on Sundays gap down. Market makers have a lot of traders trapped short below .7700 and they aren't going to let them out of their trades.
Quoting Guest
A/U is going up before Aussie's employment news. Forecast is unbelivable low.
Won't be hard to beat that lowball number either.
  • Post #10
  • Quote
  • Edited at 11:18pm Feb 9, 2015 10:53pm | Edited at 11:18pm
What result will come about the UK Manufacturing Production m/m today any one can think about that?
Whatever the number of Aus and China data, RBA has already taken an action. I don't think RBA will again cut rate in short time period due to bad numbers. So, I guess AU up .80-.81.
There is less chance AU will go down below .7750, except for USD strength.
Quoting frx_trader
Whatever the number of Aus and China data, RBA has already taken an action. I don't think RBA will again cut rate in short time period due to bad numbers. So, I guess AU up .80-.81.

EXACTLY! Next estimate of a rate cut is August...months away!!! No reason for more selling. Good U.S. news, bad China and Australia yet price doesn't sell off...that right there should tell you selling is over!
So the MM's will push the price down to get the stops on the longs and then up she will go!!
Quoting PA is King
EXACTLY! Next estimate of a rate cut is August...months away!!! No reason for more selling. Good U.S. news, bad China and Australia yet price doesn't sell off...that right there should tell you selling is over!
Why I became confused and insane to read fundamental data, even its so difficult to mix the data??? How about see the NU movement for predict AU?
Sorry, I dont follow nzd...can't help there.
me neither
40pip drop AUD in one hour.must be at the bottom now.
Lol...remember the range I've been talking about since last week my friend? It's still in place.
0.7750 Nice suport!
Quoting PA is King
Lol...remember the range I've been talking about since last week my friend? It's still in place.
Yes Im on to it PA,Iam listening .
Quoting buster48
Yes Im on to it PA,Iam listening .

Well, 75 more pips in the bank! Sold Aussie last night at .7830 and took 40pips. Then bought at .7768 and just took 35pips profit!

This .7750 to .7850 range is great!!!!!
Quoting PA is King
Well, 75 more pips in the bank! Sold Aussie last night at .7830 and took 40pips. Then bought at .7768 and just took 35pips profit!

This .7750 to .7850 range is great!!!!!
Are you working off pinbars on the 5 min PA? I've an idea you might be .Anyway well done.
Quoting buster48
Are you working off pinbars on the 5 min PA? I've an idea you might be .Anyway well done.

Nope, lowest chart I go is 15min.
Quoting PA is King
Nope, lowest chart I go is 15min.
thanks for the info PA,all good stuff
Looks like we've bottomed out again...long at .7763. See if the .7750 holds again.
Quoting PA is King
Looks like we've bottomed out again...long at .7763. See if the .7750 holds again.
doesn't seem to want to close below .7750 so far.
Eventually either .7750 or .7850 will break down. But for now, it's been a pip gold mine!!!!
Hahahahahaha....that is so freaking easy. Just closed for 25pips. That makes 100 pips for today on 3 trades!!!!
Buy around .7750 and sell around .7850. Take profits around .7800. Doesn't get any easier folks!!!!
Well that's just great! Er, just a thought, anywhere that you post these trades or do mugs (oops, sorry members) have to private message you to send you a few dollars through PayPal for trading tips?


Quoting PA is King
Hahahahahaha....that is so freaking easy. Just closed for 25pips. That makes 100 pips for today on 3 trades!!!!
Quoting Spreadbetter
Well that's just great! Er, just a thought, anywhere that you post these trades or do mugs (oops, sorry members) have to private message you to send you a few dollars through PayPal for trading tips?

I posted one just above... .7763 entry, 25 pip profit. And I posted for free.
Quoting Spreadbetter
Well that's just great! Er, just a thought, anywhere that you post these trades or do mugs (oops, sorry members) have to private message you to send you a few dollars through PayPal for trading tips?
PA gives you help if asked and certainly hasn't asked me for money
  • Post #34
  • Quote
  • Edited at 7:43pm Feb 10, 2015 6:41pm | Edited at 7:43pm
More than happy to help....that's why I post my opinions on here. Never charged and don't plan on it. Whether you are a scalper, day trader, or position trader...feel free to use my info as you wish. Personally I am a day trader looking for 30-50pips profit on trades with a 25-30pip stop loss unless I close earlier for a smaller loss. In general I try to just give the direction you should trade in with an approximate support/resistance area to enter(I'm not perfect to the pip). My message is to just try and give traders, especially new ones, the highest probability of a winning trade. But I will never claim to be perfect, I have my losses too.

What you do with the info, lot size, risk, stoploss , targets...it's all up to each individual trader to decide what's best for them.

Happy Trading!
Quoting PA is King
More than happy to help....that's why I post my opinions on here. Never charged and don't plan on it. Whether you are a scalper, day trader, or position trader...feel feel to use my info as you wish. Personally I am a day trader looking for 30-50pips profit on trades with a 25-30pip stop loss unless I close earlier for a smaller loss. In general I try to just give to direction you should trade in with an approximate support/resistance area to enter(I'm not perfect to the pip). My message is to just try and give traders, especially new ones,...
Fair dinkum.
what hell AU getting down, that's about NU or EU too, but GU is up. I didn't found any news....
Quoting henryfekok
what hell AU getting down, that's about NU or EU too, but GU is up. I didn't found any news....
Prob caused by Greek PMs statement
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