AUD/USD

second layer(limits) is on and 4 trades is secured

http://img01.imagefra.me/img/img01/1...km_b3ebe0f.png

I don't know if you guys are signed up with forexpeacearmy but here is some usesful info:


Wednesday, November 18th (08:30 am New York Time) USA

We have US Core CPI m/m coming out. It is expected to read 0.1. Last month it read 0.2.

Please read what this indicator means and how it affects the USD/JPY by going to this link: Us Cpi

The trigger for this indicator is 0.2. This means that if US Core CPI m/m comes out at 0.3 or higher, USD/JPY will probably go up by 40 pips or more in the first 30 minutes of the report. If it comes out at -0.1 or more negative, USD/JPY will probably go down by 40 pips or more in the first 30 minutes of the report.

Obviously, the bigger the difference between expected and actual numbers, the bigger will be the move.

In addition to the US Core CPI m/m number, we will have US Core CPI y/y, Regular CPI m/m, and Regular CPI y/y numbers coming out. If there is a conflict between any of these number, I recommend skipping this trade, though the conflict is highly unlikely. In addition to that, we will have Building Permits & Housing Starts coming out. A deviation on CPI of 0.2 or more is extremely rare, so if it happens, it will most likely overshadow the other two reports, so you can ignore them.

To read my after-spike retracement strategy for this report click here: US Core CPI m/m (after-spike retracement strategy)

For example: on October 16th, US Core CPI m/m came out at 0.3, versus an expectation of 0.1. USD/JPY went up by around 43 pips. See for yourself what happened on this chart: Forex news trading currency exchange charts

I highly recommend you study the entire history and charts of this report by following this link: Forex News Trading | Details and History for USD Core CPI m/m

Great Call, whinos from Brazil! Congrats!

4 trades profit taken, now short aud

Thanks ! i'll look into it later,

cheers,

lol, those sweaty bears just closed from the last couple of days with 150 pips. don't you just love the news.

http://img38.imagefra.me/img/img38/1...dm_4516882.png

god loves the brave

http://img37.imagefra.me/img/img37/1...hm_6aed2d8.png

dont bullsh1t me 1oo pips of your profit is equal 10 pips of mine!!

OUT !!

challenge your self , how fast is your heart pumping if you bet bigger than you can afford ?

Pretty fast

I am sure you're right, but 1500.00 makes me a happy camper regardless.

hmm should i take TP @ 9350 for my 9250 long or wait and take my chances @ 9400,

in other words 9400 first or below 9250 first? =p riddle me that!

Hi All, im only very new to trading and i thought id try my luck on live trading just after 2 months of demo, pretty crazy i know, im learning as i go i switch from live to demo from time to time, however tonight i was on live account with long on aud/usd, eur/usd and short on usd/chf doin quite well. Then the cpi announcement happended and did my heart fall out of my ###. It seems now that it has corrected and im doing well again.
My question here is, is it ecpeted for the usd to continue weakining or is it likely that the cpi result will give the usd strength for a prolonged period?

cheerrs

nice one Kimd, i actually talk to my self when opportunity knock my door to play fast finger (scalp), stay focus and listen to Gary moore

Nice, I've never heard of him , I like Van Morrison when trading. I guess it's whatever keeps you pumped.

I guess whatever fits your comfort zone, I would take the money and run But that's just me.

how many posts do i need to enter before they dont have to que anymore? my positions are still open and im wondering if shud close them or not, after the cpi announcement?

cheers

The A/U and E/U are moving in opposite direction in the last hour. Strange to see.
But the big question is whether or not this topic will become as big an argument as "the gap" thing on the E/U board.

9 posts I think

!Another one TP is taken!pipping....pipping...i am a zombie!))
Thinking of long gbp/usd,short eur/gbp,short usd/jpy,long kiwi...and also i am not thinking about aud/usd at all)whay can you tell me about it?