1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Forex Signal (Wed, Jan 06, 20:30 EST) Australian Trade Balance

Discussion in 'Current Forex Trading Signals' started by Crazy Cat, Jan 5, 2010.

  1. Crazy Cat

    Crazy Cat Former FPA Special Consultant

    Joined:
    Sep 30, 2007
    Messages:
    752
    Likes Received:
    0
    Hi there :)

    This is Crazy Cat with a potentially profitable trading opportunity...

    Wednesday, January 06th (20:30 New York Time) Australia

    We have Australian Trade Balance coming out. It is expected to read -1790. Last month it read -2379.

    I recommend trading AUD/USD for this report.

    Please read what this indicator means and how it affects the AUD/USD by going to this link: http://www.forexpeacearmy.com/forex...scriptions/7378-australian-trade-balance.html

    The trigger for this indicator is 1000. This means that if Australian Trade Balance comes out at -790 or less negative, AUD/USD will probably go up by 30 pips or more in the first 45 minutes of the report. If it comes out at -2790 or more negative, AUD/USD will probably go down by 30 pips or more in the first 45 minutes of the report.

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

    Honestly, this is not the best report to trade. Feel free to skip it, and I will not blame you for that, especially that the move might be highly influenced by the Australian Retail Sales if that one deviated a lot - as as of right now, I don't know that number.

    To read the after-spike retracement strategy for this report click here: http://www.forexpeacearmy.com/forex...balance-after-spike-retracement-strategy.html

    For example: on June 3rd, Australian Trade Balance came out at -91, versus an expectation of 1700. AUD/USD went down by 46 pips. See for yourself what happened by seeing 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 AUD Trade Balance

    I hope you make some money on this report.
    -Crazy Cat
     
    #1 Crazy Cat, Jan 5, 2010
    Lasted edited by : Sep 8, 2016
  2. 4051fx

    4051fx Recruit

    Joined:
    Jun 19, 2008
    Messages:
    11
    Likes Received:
    0
    Please explain with red letter, why not >-790, why must <-790
     
  3. Crazy Cat

    Crazy Cat Former FPA Special Consultant

    Joined:
    Sep 30, 2007
    Messages:
    752
    Likes Received:
    0
    The more negative number, the worst for Australia is. Ideally you would like to see a positive number, that would be cool.

    OK, if you are broke and you owe people $50,000 then I would say you have $-50,000, right? So if next month I ask you how you are doing and you say that now you owe people only $30,000 so your finances are at $-30,000 level, well that's still a negative number. But it is LESS negative number so although it's bad you owe people money instead of having savings, I would say you are doing much better since your debt is now 30K instead of 50K.

    So if the Australian trade balance is less negative, that is supposed to be good for the Australian dollar, and AUD/USD should go up - assuming someone will care at all, after retail sales report. If the trade balance is way more negative than expected then it would be bad for AUD/USD.

    From the Math class, elementary school:
    -oo < -2500 < -1500 < -1000 < -500 < 0 < +500 < +2500 < +oo

    Thanks,
    Crazy Cat
     
  4. voveris

    voveris Recruit

    Joined:
    Jan 5, 2010
    Messages:
    1
    Likes Received:
    0
    It worked for me on short :) ~30pips :)
     
  5. willow

    willow Recruit

    Joined:
    Oct 31, 2009
    Messages:
    3
    Likes Received:
    0
    Crazy Cat.
    Your every articles are great.:cute:
    Thank you.
     
  6. LeftyJones

    LeftyJones Recruit

    Joined:
    Dec 26, 2009
    Messages:
    5
    Likes Received:
    0
    Time Zones

    I was just wonding if you could always give us the time in EST and not gmt time its not a huge deal but sometimes I seem to convert the gmt time wrong. Also I would like to say thanks for the info it is really great!

    Thanks,

    Lefty
     
  7. Hubert Klein

    Hubert Klein Recruit

    Joined:
    Dec 2, 2009
    Messages:
    6
    Likes Received:
    0
    Hi LeftyJones,

    you can simply go to the calendar published at Forex Factory and modify the time&date options according to the time zone that applies to the region/country where you live.
     

Share This Page