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AUD/USD

  • #72,881
  • Feb 19, 2014 8:55pm Feb 19, 2014 8:55pm
Quoting SaiLyfee
Since my previous post got knocked off from the last page I'll ask again, I'm just wondering if anyone could tell me why the Aussie reacts to economic data from China? Is this always the case?
Aussie mining sector supplies China, one of Australia's biggest export markets.
A genius is born every minute, me I am lucky if my socks match.
  • #72,882
  • Feb 19, 2014 8:58pm Feb 19, 2014 8:58pm
Quoting whackdiddy
{quote} Aussie mining sector supplies China, one of Australia's biggest export markets.
Ah okay I see, thank you.
  • #72,883
  • Feb 19, 2014 9:09pm Feb 19, 2014 9:09pm
In view of that last big move on the AUD, Where can I find a source for economic news out of China? There was no indication on the FF Calendar website.
Just trade the pullback you idiot!
  • #72,884
  • Feb 19, 2014 9:11pm Feb 19, 2014 9:11pm
Quoting Batavier
In view of that last big move on the AUD, Where can I find a source for economic news out of China? There was no indication on the FF Calendar website.
It is on the FF calendar. You likely do not have CNY (Chinese Yuan) selected.
The game taught me the game.
  • #72,885
  • Feb 19, 2014 9:18pm Feb 19, 2014 9:18pm
Duh. indeed u r correct.
Just trade the pullback you idiot!
  • #72,886
  • Feb 19, 2014 9:20pm Feb 19, 2014 9:20pm
Quoting Batavier
Duh. indeed u r correct.
Don't worry I did exactly the same thing haha, gutted I missed that move but at least from now on I'll know for next time
  • #72,887
  • Feb 19, 2014 9:24pm Feb 19, 2014 9:24pm
Quoting SaiLyfee
I see its Chinese Yuan, so the Aussie always reacts to the Chinese Yuan economic data? Why is that? Would appreciate knowing, much thanks..
Because they are best of friends.

Just joking, do you know what makes FX moves? Do you know where is China and Australia on the world map?
The true fact is market doesn't care, risk mgt is important.
  • #72,888
  • Feb 19, 2014 9:27pm Feb 19, 2014 9:27pm
Quoting SaiLyfee
Since my previous post got knocked off from the last page I'll ask again, I'm just wondering if anyone could tell me why the Aussie reacts to economic data from China? Is this always the case?
Jokes aside, in short, China is hungry for raw materials, Australia provides that raw materials.
The true fact is market doesn't care, risk mgt is important.
  • #72,889
  • Feb 19, 2014 9:30pm Feb 19, 2014 9:30pm
Quoting Ssm
{quote} Because they are best of friends. Just joking, do you know what makes FX moves? Do you know where is China and Australia on the world map?
Yes I do. I'm just new to trading FX is all and I never knew CNY data moved the AUD.
Thanks to whackdiddy, I have learned something new and can use it to progress and further what I know..

Is that such a crime?
  • #72,890
  • Feb 19, 2014 9:33pm Feb 19, 2014 9:33pm
Quoting Ssm
{quote} Jokes aside, in short, China is hungry for raw materials, Australia provides that raw materials.
Thank you. This is something I was unaware of and now makes much sense to me, its good to be able to have such people here who can share their knowledge with others so they can follow in their paths of success and someday make a great trader too.
  • #72,891
  • Feb 19, 2014 10:06pm Feb 19, 2014 10:06pm
Quoting okanemici
{quote} I think this was to make a pinocchio bar, last pullback , fakey or whatever you name.I believe everything will be opposite in euraud and audusd tomorrow.
Just curious, why do you say so? Aud just fell far thru a major .9 level and Eur has been bullish for the past few days.
The true fact is market doesn't care, risk mgt is important.
  • #72,892
  • Feb 19, 2014 10:21pm Feb 19, 2014 10:21pm
Quoting 50pipsperday
Short @ 0.8955 looking for 25pips
Very nice move, I hope you rode it all the way down.
A genius is born every minute, me I am lucky if my socks match.
  • #72,893
  • Feb 19, 2014 10:25pm Feb 19, 2014 10:25pm
Quoting whackdiddy
{quote} Very nice move, I hope you rode it all the way down.
Hold my short till find bullish formation candle
  • #72,894
  • Feb 19, 2014 10:26pm Feb 19, 2014 10:26pm
Quoting whackdiddy
{quote} Very nice move, I hope you rode it all the way down.
I'm still riding her, will close out soon though.
  • #72,895
  • Feb 19, 2014 10:34pm Feb 19, 2014 10:34pm
Quoting zoolc
{quote} Hold my short till find bullish formation candle
What is it you look for as a "bullish formation candle"
  • #72,896
  • Feb 19, 2014 10:43pm Feb 19, 2014 10:43pm
Quoting Batavier
In view of that last big move on the AUD, Where can I find a source for economic news out of China? There was no indication on the FF Calendar website.
Same here... I use this as well for more detail... just reacts slower than FF... but at least it shows... hope it helps

http://www.dailyfx.com/calendar
  • #72,897
  • Feb 19, 2014 10:58pm Feb 19, 2014 10:58pm
Looking for more downside on the AUD USD. Nice bounce off 0.382 on the daily with a double top around the region.
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  • #72,898
  • Feb 19, 2014 11:45pm Feb 19, 2014 11:45pm
Quoting 50pipsperday
{quote} What is it you look for as a "bullish formation candle"
i haven't found yet on H4, still hold
  • #72,899
  • Feb 20, 2014 12:00am Feb 20, 2014 12:00am
Quoting Ken A
Buy stops triggered - no punch {image}
You really did nail it Ken Sweet! I missed it but still holding Gbp/Aud.
  • #72,900
  • Feb 20, 2014 12:06am Feb 20, 2014 12:06am
Quoting uksnowman
{quote} You really did nail it Ken Sweet! I missed it but still holding Gbp/Aud.
Switched side just now - risking few pips from the long
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G/A are still alive
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