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Introduction

The beginning of this year was remarkable in a way that never before have stock exchanges around the world, commodities, and currencies like the NZD and AUD taken such a dive in the first weeks of January.
All of this happened due to the growing concerns on the Chinese economy and its impact on global economic growth, demand for commodities, and the transactions carried out with its largest trading partners.
In this article I will explain the interdependencies between China and the rest of the world, be it in commodities or currencies. The data is for the year 2014 as we still do not have official annual data for year 2015. There are a lot of numbers in this article, but this is the only way to communicate the importance of this country to the global economy.

Gross Domestic Product

It is the most populated country in the world with a population of 1.37 billion (further “B"), which makes up 19% of the total world population. Therefore, every one out of five people on this planet is Chinese!
China is the second largest economy in the world (the first one is USA) with a GDP for 2014 standing at USD 10.3 trillion (USD further as “$” and trillion further as “T"). You c…
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Airmike avatar
Airmike 29 Jan.

nice fundamental research

fx211pips avatar
fx211pips 29 Jan.

Airmike, thank you for your comment.

alias1980 avatar
alias1980 29 Jan.

very informative , thank you!

WallStreet6 avatar

nice overview of the Chinese economy

fx211pips avatar
fx211pips 29 Jan.

Alias1980, WallStreet6 thank you for these inspiring comments.

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20/108
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IntroductionThanks for your continued support to my articles, which really motivates me to write more! I sincerely hope these articles would help you adding something nice to your trading while I learn how to share things with world to the best of my knowledge, skills in an easy to read words. This month I'd not explain another trading strategy, although the plan was to write about Market Cycles and that would be fulfilled too for sure.This article is focused on a LIVE trade I took today (order is pending at the time of writing, so it's a freshly sneezed juice out of my recipe). I figured out on Monday (10-October) that Aussie is in supply zone based on daily time frame. As all of you might have already read my supply-demand mismatch article, this trade is little different as it lacks the confluence with Divergence and henceforth would be short lived. Even then!, we're able to get a trade opportunity of 1:9 risk:reward (giving out 50 pips at risk, to make 450). Now who needs a divergence when we already have such a nice setup at hand.The supply-demand based system is simple enough and that's why takes less than 5 minutes to see the trade. A trading system must be simple so that we …
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ritesh avatar
ritesh 12 Oct.

An update on this trade entry: We entered as planned at 0.9986, SL 50 pip, TP 450 pip (RR is 1:9). The trade "immediately" goes 120 pips in positive, giving us ample time of more than "8 hours" to move Stop Loss to Breakeven and make trade risk free as explained in article above. After that market reversed and hits SL at Breakeven. We're out without loss and the next supply zone is at 1.0260

ritesh avatar
ritesh 12 Oct.

You're most welcome, Big_Daddy. I'm now waiting for Aussie to rise up to 1.0260 :)

ritesh avatar
ritesh 12 Oct.

Yes, it's easy to execute this strategy. I tried to execute this same trade on trader contest as well, however that closed in red as SL was not moved to breakeven. It's a nice lesson for all that even after precise timing and good entry price, only making trade "Risk Free" by moving SL to break-even can make our trading a consistent winner.

Strader99 avatar
Strader99 13 Oct.

Well explained article with logical plan. I definitely liked how you wrote the article without knowing the conclusion. Even though it did not hit your target profit, I would consider this a successful trade as you managed your risk.

I'm impressed!

Looking forward to your future posts.

ritesh avatar
ritesh 13 Oct.

thanks a million Strader99, i'm humbled by your support. Actually there is one supply zone which i missed drawing, can one locate that? ;)

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