Falling iron ore prices the key AUD metric -- Forexlive.com — url Falling iron ore prices the key AUD metric By Adam Button || August 24, 2012 at 16:20 GMT Australian iron ore prices fell nearly 5% to below $100 for the first time since ...

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We may even see close to 300 level today...

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Not until 363 level IMHO.

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Good for you. I hope you are not trading GOLD lol!

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Dallas Fed Text: China Slowdown May Be Worse Than Rported-2 — Dallas Fed Text: China Slowdown May Be Worse Than Rported -2 Dallas Fed Text: China Slowdown May Be Worse Than Rported -2 By Market News International || August 23, 2012 at 15:30 ...

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Looks like some one seriously prayed

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Pray hard for a real bad PMI from China

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Sad to hear that. IMHO, you should just focus on AUD for the time being and make up all your losses. Once you have a sizable balance, then you should venture out on Gold, trading it on a higher TF. All the very best to you.

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It is in the upward move and above the 200 sma. Test of 1641 depends on the China data today. Next resistance is at 1669.

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IFR news.. — "AUD/USD opened NY just above S-T support near 1.0430 as poor Japanese trade data and BHP cancelling a major expansion project added to concerns over global growth and kept AUD/USD pinned. Additional losses were made as Canadian ...

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Watch out for any Bull trap, as big boys like that. We might still see some downside, before any up as China data tonight will be crucial.

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Most of us are caught off guard. PT is in big demand I guess. I don't see FUDGE guy posting today. Looks like his Gold SELL must have wiped him clean

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Exactly. Timing of the QE3 "soon" means nothing and the market is going into heavy short covering.

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EUR/AUD -- IFR — "Momentum higher unlikely to be halted as resistance levels are few 1.214 level is 38.2% fib level and horizontal res from Feb low - target 23.6% fib at 1.193 and 50 day MA circa 1.2 may provide temporary pullbacks Ultimately ...

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Is it on a BUY or SELL?? If it is a BUY, then you may want to hold it. Also, my sincere advice on Gold to you is to trade on a H4 or Daily TF. Personally, I don't trade gold. My focus is only on AUD. All the very best.

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Sorry to hear about the loss egkid. Welcome back and may the force be with you.

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Glad to hear that. I was wondering if you were out all day taking a big dump lol!

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Read this and make your judgement call.. url

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more IFR news.. — "Talk that UK bank selling has influenced AUD/USD drop to 1.0435 3wk low Selling from a different UK bank influenced Asian session fall to 1.0464 1.0445 (broken Fibo support) is now a resistance level ...

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