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View Poll Results: What impact will the Bank of England Rate Decision have on the GBP/USD?

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Thread: Discuss the GBP/USD with a DailyFX Analyst

  1. 03-08-2010, 09:50 AM #15316
    Blaiserboy's Avatar
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    Quote Originally Posted by 4xis2ez View Post
    Some people will say buy and others will say sell. I am currently short. You need to learn and do your own analysis as the forum is not a signal service but rather where traders exchange ideas and post their thoughts about market direction. Half are right and half are wrong.
    Half and half is accurate, I think....
  2. 03-08-2010, 09:56 AM #15317
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    Quote Originally Posted by mopneypetrol View Post
    can you tell me is gbp now in a buy trend or should i wait for it to drop
    Some people will say buy and others will say sell. I am currently short. You need to learn and do your own analysis as the forum is not a signal service but rather where traders exchange ideas and post their thoughts about market direction. Half are right and half are wrong.
  3. 03-08-2010, 10:33 AM #15318
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    Thomas Long
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    The MACD Trade

    Here is one way to look for trade setups using the MACD. This is from today's Daily Trading Lesson found at this link at DailyFX:

    Here is the link to the Money Management video referenced in this lesson:

    http://forexforums.dailyfx.com/daily...anagement.html (DailyFX: Money Management)
    Last edited by Thomas Long; 03-08-2010 at 11:20 AM.
    Enroll in our online DailyFX Course today and get personalized instruction from our team of expert traders 24 hours a day. We have taught over 25,000 students and in our online courses in the past. The new DailyFX Course has nearly 600 minutes of content delivered via video so you can learn at your own pace. Join the instructors in live webinars where they will show you how to use the highlighted tool in current market conditions. Click here to get more information.
  4. 03-08-2010, 10:43 AM #15319
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    Quote Originally Posted by mopneypetrol View Post
    can you tell me is gbp now in a buy trend or should i wait for it to drop
    So far the trend is distinctly down. You can place a moving average or two on the chart to show this or use trend lines. Do this on the daily chart and look back on that chart about a year in time in order to get a clear picture of the trend direction. Hope this helps.
    The DailyFX Forums have over 75,000 members, and many discussions going on at once. If you aren’t sure where to get started, watch this video as your how-to guide to the DailyFX Forums: http://forexforums.dailyfx.com/daily...ion-video.html

    Email me with your questions and I’ll introduce you to the community and point you in the right direction. I look forward to hearing from you.

    Sean Hyman - DailyFX Forum Moderator - shyman@dailyfx.com
  5. 03-08-2010, 10:44 AM #15320
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    1.51

    The sterling has dropped below 1.51 support level. could this be the start of wave 5?
  6. 03-08-2010, 10:59 AM #15321
    gordy
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    well according to Jamie Saettele it is

    Quote Originally Posted by smalleyes View Post
    The sterling has dropped below 1.51 support level. could this be the start of wave 5?
    @JamieSaettele | TweetPhoto
    though am wondering how low....
  7. 03-08-2010, 11:13 AM #15322
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    Quote Originally Posted by gordy View Post
    @JamieSaettele | TweetPhoto
    though am wondering how low....
    Now see how it deals with this level.
    The DailyFX Forums have over 75,000 members, and many discussions going on at once. If you aren’t sure where to get started, watch this video as your how-to guide to the DailyFX Forums: http://forexforums.dailyfx.com/daily...ion-video.html

    Email me with your questions and I’ll introduce you to the community and point you in the right direction. I look forward to hearing from you.

    Sean Hyman - DailyFX Forum Moderator - shyman@dailyfx.com
  8. 03-08-2010, 11:17 AM #15323
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    Quote Originally Posted by gordy View Post
    @JamieSaettele | TweetPhoto
    though am wondering how low....
    is there some data releases? it seems that the gbp suddenly regain weakness. just look at gbpusd and eurgbp. hope it does go all the way down to retest 1.4783 level again
  9. 03-08-2010, 11:20 AM #15324
    newbie56
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    Quote Originally Posted by Sean Hyman View Post
    Now see how it deals with this level.
    Where do you see the support now Sean?
    It seems to have broken down to me
  10. 03-08-2010, 11:36 AM #15325
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    look my post #15595
    good luck
  11. 03-08-2010, 12:52 PM #15326
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    Quote Originally Posted by newbie56 View Post
    Where do you see the support now Sean?
    It seems to have broken down to me
    So far, the support still holds. Since the main trend is down...there is a good chance of it breaking, but no need to go into it until it confirms a break in my opinion.
    The DailyFX Forums have over 75,000 members, and many discussions going on at once. If you aren’t sure where to get started, watch this video as your how-to guide to the DailyFX Forums: http://forexforums.dailyfx.com/daily...ion-video.html

    Email me with your questions and I’ll introduce you to the community and point you in the right direction. I look forward to hearing from you.

    Sean Hyman - DailyFX Forum Moderator - shyman@dailyfx.com
  12. 03-08-2010, 01:30 PM #15327
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    Where did all the Delta dudes go?
  13. 03-08-2010, 01:51 PM #15328
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    Quote Originally Posted by 4xis2ez View Post
    Where did all the Delta dudes go?
    Good question,

    This is what I managed to decode from Johns 12 ITD charts. ITD 4 top is likely in 1 trading day late. It is still an open question wheather MTD 10 arrived at ITD 3 or is it yet to come with ITD 5 (6 trading days from friday).

    Patryk
    Last edited by fazi; 03-08-2010 at 02:13 PM.
  14. 03-08-2010, 02:08 PM #15329
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    GBP GBP NIESR Gross Domestic Product Estimate (FEB) High 0.4%

    Can anyone please confirm this date of release? There have been some bugs in dailyfx callendar recently

    Patryk
  15. 03-08-2010, 02:38 PM #15330
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    Quote Originally Posted by fazi View Post
    Wed
    Mar 10
    GBP GBP NIESR Gross Domestic Product Estimate (FEB) High 0.4%

    Can anyone please confirm this date of release? There have been some bugs in dailyfx callendar recently

    Patryk
    The group that releases this info always gives a date but not a time: Research NIESR - Monthly GDP Estimates

    So the calendars out there will generally say something like "Tentative" when it comes to an event like this. So it means it could be released any time that day.

    Wednesday, March 10th is the date that this group says they are releasing the data (according to their site on the link above).
    The DailyFX Forums have over 75,000 members, and many discussions going on at once. If you aren’t sure where to get started, watch this video as your how-to guide to the DailyFX Forums: http://forexforums.dailyfx.com/daily...ion-video.html

    Email me with your questions and I’ll introduce you to the community and point you in the right direction. I look forward to hearing from you.

    Sean Hyman - DailyFX Forum Moderator - shyman@dailyfx.com
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