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  • #50,461
  • Jul 18, 2012 1:36am Jul 18, 2012 1:36am
MELBOURNE--BHP Billiton Ltd. (BHP) reported Wednesday a 12th consecutive annual production record from its iron ore mining operations in Western Australia and forecast a more modest increase in output for the next financial year.

BHP, the world's third-largest iron ore producer after Vale SA (VALE) and Rio Tinto PLC (RIO), said its output of the steelmaking commodity rose 19% for the year through June to almost 159.5 million metric tons. Production increased by 15% on-year in the fourth quarter and the mining company said production for the current financial year is expected to rise by about 5%.
Don't get mad, get even!
  • #50,462
  • Jul 18, 2012 2:05am Jul 18, 2012 2:05am
Hey guys hope you took the trade setup i spoke about when Ben came out http://www.forexfactory.com/showthre...96#post5848596
If not no worries Im sure there will be a cartoon coming out soon telling vaguely when to go long and short.


Anyways those long on AUD/USD I know there are scalpers, swing, position traders here so i won't presume to know your strategy all I can say is look for a similar set up tomorrow when ben concludes his speech. Housing starts should come in line or better and after Ben heads for the door go long risk... The dollar chart I have shown since Last Friday has more downside to it and those long /ES AU EU you will be rewarded for your patience.
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  • #50,463
  • Jul 18, 2012 2:15am Jul 18, 2012 2:15am
Hello all
Here it's My Running view
I could b wrong but this how i read my own chart and so far it goes as i read it.

PS: Remember everyone trade depends on his own TF and MM
GL
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  • #50,464
  • Jul 18, 2012 2:25am Jul 18, 2012 2:25am
Quoting egkid
Hello all
Here it's My Running view
I could b wrong but this how i read my own chart and so far it goes as i read it.

PS: Remember everyone trade depends on his own TF and MM
GL
nice weekly!, and yes i agree it should be a bearish view.... i think this pull back might end when it reaches 1.0350 but dont wana risk it so i closed my scalp long for 5 pips lol
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #50,465
  • Jul 18, 2012 2:26am Jul 18, 2012 2:26am
Quoting jplazard
I do agree though taking a short on AUD/USD (/6A) at this level looks more than appealing and at a minimum we should be coming down to 1.0250
Hey Jplazard this was actually a great call yesterday. It went right down to 1.0250 and a little lower, as you said. Hope you got out with a nice profit.
  • #50,466
  • Jul 18, 2012 2:33am Jul 18, 2012 2:33am
gone to Short EURUSD, H4 looking like a double top, though i wana know how the USDX is gona react to the bottom of the channel....
my bet is a rebound for USD Strength on lack of QE3
Shorted @ 1.2298
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #50,467
  • Jul 18, 2012 2:45am Jul 18, 2012 2:45am
Quoting egkid
DB Can i know what TF u trading and from where u been longing it?
I use M1 to daily charts. On June 12, I identified bullish pattern. However, sometimes I shorted the Aussie.
daddybearforex. com
  • #50,468
  • Jul 18, 2012 2:47am Jul 18, 2012 2:47am
Aldente,
Thank I hope you did as well.. It was a short for me but more of a hedge as I am short Dollar at the moment and I had a feeling that Ben was going to give more optimism to the dollar bulls on his speech. But just looking at that chart AUD/USD overnight leading into NY open it really took off so for it to come back down to the lower weekly trend level seemed plausible...
Best of luck today
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  • #50,469
  • Edited 3:13am Jul 18, 2012 2:58am | Edited 3:13am
short aussie 0305 sl 0317 tp 0250-0233

if aussie get help from snp and dollarx, this week we can see 1.0040 (38%) and next week 0.9950 (50%) or even 0.9865 (61%)
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fokyou forexfactory
  • #50,470
  • Edited 3:34am Jul 18, 2012 3:19am | Edited 3:34am
Quoting diggo
Stopped out. -7, -14 and -22

Will now look to short close to 1.033
Evening gentlemen,

Very nice to wake up with a large short order filled @ 1.0325 with a tight 10 pip S/L.

Looking at the Euro, it's still having trouble breaking below 1.228. Once we clear that and close below, we could have a little short term dump in the AU.

Looking like a decent double top on the 4H chart. Another push up to 1.033 certainly not out of the question. For now I will manage my short @ 325 with a stop at 335 to allow some room for a small stop hunt in that area. Will not hesitate to add more shorts at 330 with 5-7 pip S/L's. Will then look to move my stops to b/e.

If we breach 335 then we get the f*ck out (pardon my french). At this point it should head for the 61.8 fib around 1.0369 where we can look for another opportunity to short.
  • #50,471
  • Jul 18, 2012 3:29am Jul 18, 2012 3:29am
Quoting DNTme
short aussie 0305 sl 0317 tp 0250-0233

if aussie get help from snp and dollarx, this week we can see 1.0040 (38%) and next week 0.9950 (50%) or even 0.9865 (61%)
Perhaps you should consider moving your S/L above 330?

As for lower levels in AU, I'm a little cautious of the all time mid in the Euro @ ~1.2132. This could force a large bounce and have some serious pulling power on the AU too. If it wasn't for this I would also be looking for sub-parity levels as well. But since it's in the way, I would look to close most AU shorts at whatever level we are at when the time comes.
  • #50,472
  • Jul 18, 2012 3:50am Jul 18, 2012 3:50am
Quoting diggo
Evening gentlemen,

Very nice to wake up with a large short order filled @ 1.0325 with a tight 10 pip S/L.
None of the brokers I know quoted above 1.03249, your order was filled in your dream or maybe there was never one to start with, I'd go with the latter.
Holy crap.
Don't get mad, get even!
  • #50,473
  • Jul 18, 2012 3:52am Jul 18, 2012 3:52am
Quoting stulic
None of the brokers I know quoted above 1.03249, your order was filled in your dream or maybe there was never one to start with, I'd go with the latter.
Holy crap.
Hmmmm damn closed my AUDUSD long a bit too early.... Europe looks ready to push AUDUSD up to 1.0360 61.8% fib level....
got a pending long at 1.0300 but i fear that train's left the station already....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #50,474
  • Jul 18, 2012 3:52am Jul 18, 2012 3:52am
Long Aud anyone...
Attached Image
  • #50,475
  • Jul 18, 2012 3:57am Jul 18, 2012 3:57am
Quoting diggo
Perhaps you should consider moving your S/L above 330?

As for lower levels in AU, I'm a little cautious of the all time mid in the Euro @ ~1.2132. This could force a large bounce and have some serious pulling power on the AU too. If it wasn't for this I would also be looking for sub-parity levels as well. But since it's in the way, I would look to close most AU shorts at whatever level we are at when the time comes.

No, i will not adjust SL. Small risk for me! if break up can go to 04xx...i will flip it too! besides , such small risk kept me alive when i do with fixed SL and TP.
fokyou forexfactory
  • #50,476
  • Jul 18, 2012 3:57am Jul 18, 2012 3:57am
Quoting PipDizzle
Long Aud anyone...


Not anymore. EU, GU, UCAD, NZDUSD flirting with downside. M5/M15 failed upside so far. Nothing set in stone yet though. Would like EU/UCAD longish on M5 first with GU somewhat in line.
  • #50,477
  • Jul 18, 2012 4:08am Jul 18, 2012 4:08am
There should be a rule if you claim to top tick the market you should show not only the entry trade order not chart but open PnL so that we know
A. your not full of it
B. that you did not close the positon right away stating your riding the move from the very very top of the chart. You might have 1.0325 entry but until we see shot it's doubtful.

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  • #50,478
  • Jul 18, 2012 4:14am Jul 18, 2012 4:14am
We have a runner... need to see a break of 0285 and we will get a shake
fokyou forexfactory
  • #50,479
  • Jul 18, 2012 4:18am Jul 18, 2012 4:18am
Quoting stulic
None of the brokers I know quoted above 1.03249, your order was filled in your dream or maybe there was never one to start with, I'd go with the latter.
Holy crap.
Umm... my broker, IG Markets, reached 1.03266. More than enough to fill my order. What would I have to gain from falsifying my entry on a forum?? Idiot. Go look it up on their website.
  • #50,480
  • Jul 18, 2012 4:19am Jul 18, 2012 4:19am
Quoting DNTme
We have a runner... need to see a break of 0285 and we will get a shake
Careful. The money is/was in EU/GU not AU. AU is just getting dragged along. Would need a retrace/flip on the minors first to make it the better trade.
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