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AUD/USD

  • #73,701
  • Mar 4, 2014 6:03pm Mar 4, 2014 6:03pm
http://www.fxstreet.com/news/forex-n...7-554f3de3d449
Everything you want lies on the other side of fear.
  • #73,702
  • Mar 4, 2014 6:10pm Mar 4, 2014 6:10pm
I just started trading the AUD USD in the past month but noticed that every single time we get a price spike on news you can always wait for the end of the 5 min candle and fade it all the way back plus some.... everytime
  • #73,703
  • Mar 4, 2014 6:13pm Mar 4, 2014 6:13pm
Made a few pip's on the return. But in all seriousness, the market is not liking any good news about the AUD.

Fun times ahead.
Follow me at andrewfx2020 (dot) com
  • #73,704
  • Mar 4, 2014 6:20pm Mar 4, 2014 6:20pm
Yeah what was that drop all about? That HSBC PMI Composite data wasn't even on the FF news. Or it could be that that gdp data was already priced in and was a one-shot deal. The price is dropping to exactly where it was before the data release.
Make your losses in demo. Earn your profits live.
  • #73,705
  • Mar 4, 2014 6:21pm Mar 4, 2014 6:21pm
Wow...the last few pages of this thread are the definition of "amateur hour."
"Serenity, you sound like a frustrated Canadian living your life in the US"
  • #73,706
  • Mar 4, 2014 6:23pm Mar 4, 2014 6:23pm
Quoting Judge Dent
yeah what was that about? Chinese peoples congress? looked like an algo reaction to a headline

25 minutes ago | March 5th, 2014 01:45:30 GMT
HSBC/Markit Services PMI for February: 51.0 (vs.prior was 50.7)


Stabilising at a low level raising unemployment fears further down the track .
  • #73,707
  • Mar 4, 2014 6:26pm Mar 4, 2014 6:26pm
wow this pair is boring the hell out of me. zzzz
Trade what you see, not what you think!
  • #73,708
  • Mar 4, 2014 6:27pm Mar 4, 2014 6:27pm
Quoting SerenityFX
Wow...the last few pages of this thread are the definition of "amateur hour."
SerenityFX, you sound like a frustrated Canadian living your life in the USA.
A genius is born every minute, me I am lucky if my socks match.
  • #73,709
  • Mar 4, 2014 6:29pm Mar 4, 2014 6:29pm
Quoting Balmain Boy
{quote} 25 minutes ago | March 5th, 2014 01:45:30 GMT HSBC/Markit Services PMI for February: 51.0 (vs.prior was 50.7) Stabilising at a low level raising unemployment fears further down the track .
HI,

Why this news was not listed in FF site.

Any idea.

Thanks.
KC.
  • #73,710
  • Mar 4, 2014 6:31pm Mar 4, 2014 6:31pm
AUD Drop Again After GDP News ..
Why ? Because Markit Service PMI ?
Making Ordinary To Be Extraordinary .
  • #73,711
  • Mar 4, 2014 6:34pm Mar 4, 2014 6:34pm
Quoting whackdiddy
{quote} SerenityFX, you sound like a frustrated Canadian living your life in the USA.
Just a bored American living my life in the USA. I'm sorry if my post came off as condescending. It's just a lot of people who post here clearly lack any sort of trading strategy and blindly take trades, sometimes getting lucky and sometimes not. If your strategy can't explain why price spikes like it does, you need a new strategy.

Quoting KCV
{quote} HI, Why this news was not listed in FF site. Any idea. Thanks. KC.
Also, for the love of all that is holy, if you are trying to find a news explanation for why price did what it just did, you aren't a successful trader. These kind of events happen in the market. These kind of events are unplanned. More importantly, you will never be able to plan for all news events. Whenever I see posts like these, I can tell that the person "trading" has never bothered testing his strategy for more than twenty seconds. It's simultaneously hilarious and frustrating.
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"Serenity, you sound like a frustrated Canadian living your life in the US"
  • #73,712
  • Mar 4, 2014 6:45pm Mar 4, 2014 6:45pm
Quoting SerenityFX
{quote} Just a bored American living my life in the USA. I'm sorry if my post came off as condescending. It's just a lot of people who post here clearly lack any sort of trading strategy and blindly take trades, sometimes getting lucky and sometimes not. If your strategy can't explain why price spikes like it does, you need a new strategy. {quote} Also, for the love of all that is holy, if you are trying to find a news explanation for why price did what it just did, you aren't a successful trader. These kind of events happen in the market. These...
Very very good points.. I thought I told it like it was (hard line) but you sir get my thumbs up.
Yesterday I took advice from SSM and placed my trades in the morning and then went outside to play on the swings. At one stage I had two trades in the red.

-3000+ AUD - did I panic, no because these trades were placed using the daily and weekly time frame.

Price goes up, price goes down. News jolts the market every now and then but you need to trade to your margin, giving you the flexibility to take a hit or ride a storm. I could have closed at -3000 but the daily was telling me it would go down, the fundamentals were telling me it would go down so these trades will seen green pips.
A genius is born every minute, me I am lucky if my socks match.
  • #73,713
  • Mar 4, 2014 6:45pm Mar 4, 2014 6:45pm
Quoting KCV
{quote} HI, Why this news was not listed in FF site. Any idea. Thanks. KC.
because Chinese people were busy on the two meetings....haha I have not found any calender has it even the chinese one.
  • #73,714
  • Mar 4, 2014 6:47pm Mar 4, 2014 6:47pm
Quoting KCV
{quote} HI, Why this news was not listed in FF site. Any idea. Thanks. KC.
Yeah but I would still like to know how come that HSBC PMI Composite data was not on the FF Calendar if it's that important of a news that could cause such a drop.
Make your losses in demo. Earn your profits live.
  • #73,715
  • Mar 4, 2014 6:53pm Mar 4, 2014 6:53pm
its a fair question. seems like they just cherry pick what they think is most important. to get all market releases real time you need a paid service like Bloomberg.
  • #73,716
  • Mar 4, 2014 7:02pm Mar 4, 2014 7:02pm
Quoting Forexia
{quote} Yeah but I would still like to know how come that HSBC PMI Composite data was not on the FF Calendar if it's that important of a news that could cause such a drop.
I have found the same thing many times with FF... so I use this as well... hope it helps.

http://www.dailyfx.com/calendar
  • #73,717
  • Mar 4, 2014 7:06pm Mar 4, 2014 7:06pm
this fall doesnt makes sense to me, but I will keep eye on it.

I am still in favor of long though

https://www.tradingview.com/v/TxB8LxPd/
I am smart than average trader, I simply copy the best.
  • #73,718
  • Mar 4, 2014 7:08pm Mar 4, 2014 7:08pm
Quoting ffleo
{quote} no need for couple weeks
hmms.. i thought it will go up.. but i was hoping that it will go somewhat down first... like 0.883 or 0.885.. to form that nice inverse H&S..
  • #73,719
  • Mar 4, 2014 7:18pm Mar 4, 2014 7:18pm
Quoting Judge Dent
its a fair question. seems like they just cherry pick what they think is most important. to get all market releases real time you need a paid service like Bloomberg.
Costs $2000 a month for a Bloomberg terminal with dedicated T1 lines. I checked.
Make your losses in demo. Earn your profits live.
  • #73,720
  • Edited 7:34pm Mar 4, 2014 7:18pm | Edited 7:34pm
Quoting Dave_W
{quote} I have found the same thing many times with FF... so I use this as well... hope it helps. http://www.dailyfx.com/calendar
Thanks so much for the info. But according to the number, AU should be going up higher? The number is higher than that of the last month.
Make your losses in demo. Earn your profits live.
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