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Forex Signal (Wed May 4 2011, 9:30pm NY Time EST) - AU Retail Sales

Discussion in 'Current Forex Trading Signals' started by Henry Liu, May 3, 2011.

  1. Henry Liu

    Henry Liu Former FPA Special Consultant

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    We’ll be getting the Retail Sales figure from Australia today once again, and if you’ve been following news out of Australia, you’d know that Retail Sales has been a sticky point for aussie economy and a strong improvement may change the short term trend for the currency. Here’s the forecast:

    9:30pm NY Time AU Retail Sales Forecast 0.6% Previous 0.5%
    ACTION: AUD/USD BUY 1.2% SELL 0.0%

    The Trade Plan

    The deviation that we are looking for the Australian Retail Sales m/m release is for a minimum of 0.6%. If we get a 1.2% (or better) we’ll look to buy and if we get 0.0% (or worse), we’d look to SELL. There is a high probability of market movement of over 50 pips in the next 2 hours if we get our deviation.

    We’ll be looking for an after-news retracement trade and we’ll do the 3 W’s. Wait for the deviation, wait for the market to move with momentum first, and wait for a decent retracement. For more information on my trading methods, please read:
    Henry Liu's Trading Method


    The Market
    AUD/USD has been gaining on the back for general demand in commodities, especially with Gold at record high levels… However, AUDUSD just made 29 year highs at 1.1010, further momentum to the upwards is questionable…

    The AUD will continue appreciating while RBA tightens on its monetary policy. Q1 retail sales should report a .5% expansion in household consumptions while a seperate report projects a 5.0% rise for build approvals following the 7.4% contraction in February.

    Therefore, on a worse release, I’d expect some consolidation in the AUD… But on a better release, I’d expect the gains to be moderate as AUD is at extreme overbought level.

    Additional Thoughts
    AUDUSD is a very slow moving currency pair. If the release hits our deviation, we may have to jump in sooner than later… We could see very little retracement, if any, if we get a huge surprise in the market.

    Pre-news Consideration
    There is no pre-news sentiment for this release.

    DEFINITION
    “Measures the value of sales at the retail level. A rising trend has a positive effect on the nation’s currency because Retail Sales make up a large portion of consumer spending, which is a major driver of the economy and has a sizable impact on GDP. Traders payclose attention to Retail Sales because it is usually the first significant indicator of the month that relates to consumer behavior and is susceptible to surprises.”


    Historical Chart and Data for AU Retail Sales m/m



    Thanks,



    [​IMG]
     
    #1 Henry Liu, May 3, 2011
    Lasted edited by : Sep 8, 2016
  2. yurps

    yurps Private

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    Scammer

    It horrifies me that the FPA would give Henry this platform which gives him so much exposure to the retail forex community.

    Many naive perhaps newbie forex traders attach respectability to Henry because of this association. They assume he must be a good trader to be given the job.

    However the only reason he got it is because he is a good marketer, the same as Felix really. I have been patient and very appologetic, but now I hear news of those poor people who lost everything with Henry's 10kto1million program and
    for CHRIST SAKES - ENOUGH IS ENOUGH....

    this guy has devestated the accounts of so many as Mr.X in FXNewsWhiz, thru various Managed FX accounts on collective2, and this...so he keeps marketing, now he is selling an EA.

    THIS GUY IS TOXIC, and it is time those on FPA who have been touched by any of these cancerous program, or who have known friends or collegues who have to vote with their feet, and let FPA know that their authority as a reviewer of FX programs and SCAMS cannot be valid if they support ONE OF THE WORST.
     
  3. sridoy

    sridoy Recruit

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    Thanks for posting this

    Thanks for posting this, it will help a lot of people. With so many of these kind of scammers around its become increasingly difficult to trust anyone these days.

     
  4. Iono

    Iono Recruit

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    I have checked his other program out i.e. I saw there is massive marketing behind his other programs and whatnot and did not participate....however his techniques for trading the news are sound and well free....I'm glad FPA allows him this platform to put out his news trading info all in all buyer beware....

    Hell I"ve blown up a couple of accounts without the aid of anyone's system, maybe I should make a blow up EA LOL.....

    As they say buyer beware you are an adult and in charge of your own finances, if it sounds to good it probably is...but you are calling him out as a blatant scammer...can you provide more info...why is it a scam? have you posted these comments in the FPA's "Reviews and Ratings," section

    I am not nor have I ever been a customer, friend or lover of Henry's, but like religion I need the proof before I start believing in something....
     
  5. webtrader

    webtrader Private

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    Don't know what you are talking about. I just started trading the news and aiming for 20 pips only no more than that. So far I have had 0 losses. If you are greedy you will not succeed at all. I follow the rules if he says don't trade then I don't trade and if he says grab 50 pips, I only grab 20 and get out.
    Yes please give us the proof!
     
  6. Boko Maru

    Boko Maru Sergeant

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    One question first: do you really want to see proof? Or are you just mad that someone is attacking your "guru"??

    This thing is now in archives so maybe no one will see it anyway. If you "don't know what he's talking about" you are definitely in the minority. But if you really are sincere in wanting to know, here are a couple of things you can read and look into. Have a blast! :)

    10K to 1MM | 10Kto1MM.com reviews and ratings by Forex Peace Army
    http://www.forexpeacearmy.com/forex-forum/forex-signals-services/11093-10kto1mm-com-henry-liu.html

    Currency Strength Robot | CurrencyStrengthRobot.com reviews and ratings by Forex Peace Army
    http://www.forexpeacearmy.com/forex...4373-currencystrengthrobot-com-henry-liu.html

    Fx News Wiz | FxNewsWiz.com | FxNewsWiz.com reviews and ratings by Forex Peace Army
     
  7. Geert Anthonis

    Geert Anthonis Private, 1st Class

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    Never liked the Guy

    One look at his face and I know He was not to be trusted. Maybe he would have been smarter if like Sive Morten he had not put up a picture. Looked at some of his advice on the signals over the past couple of months and not once did he get it right. That is a solid record in my book. He has no clue what he is doing.

    Scammer, maybe not, just too many gullible people around that want someone else to do their thinking for them.
     
  8. webtrader

    webtrader Private

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    Thanks for the info. First off he is not my 'Guru'. I have been trading for a while and have lost money so I vowed never to purchase any
    robots or programs ever. Fact that is known is Forex Market is moved by news that's why for me it would be best to trade 'tradable' news
    with 'tradable' currencies. Therefore opening a ECN account will be best for one to avoid being cheated and surprise spread changes.
    Like I said I only grab 20 pips and that's it and want to be disciplined with this, and just add lots to it by following Robert T. Kiyosaki trading method.

    I don't plan on being rich tomorrow 'cause that's when greed sets in and you loose money... just be smart and wise.
    I am willing to post my tradable news results in about a month and will see how my ECN account goes whether great or bad I will post that also.
     
  9. Boko Maru

    Boko Maru Sergeant

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    Ok all good. You said you just started with news so wasn't sure. Sounds like you have a good mindset. I agree that "slow and steady" is the way to go.

    Cheers...:)
     

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