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

Voters
14. This poll is closed

  • Send GBP/USD Higher!

    8 57.14%

  • Send GBP/USD Lower!

    4 28.57%

  • The rate decision will not have a significant impact.

    2 14.29%
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Thread: Discuss the GBP/USD with a DailyFX Analyst

  1. 05-22-2012, 10:12 AM #23251
    Gregory McLeod's Avatar
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    Better than Expected New Home Sales 3.4% vs.2.9%

    Better than Expected New Home Sales 3.4% vs. 2.9%

    Good U.S. economic news is short-term GBP/USD positive
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  2. 05-22-2012, 10:20 AM #23252
    atif
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    :-(

    its still making uptrend.... i am short from 1.275... is there any chance it will come donw again ... any comments :-(
  3. 05-22-2012, 10:25 AM #23253
    root-minus
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    Quote Originally Posted by atif View Post
    its still making uptrend.... i am short from 1.275... is there any chance it will come donw again ... any comments :-(

    Attachment 128748



    awaiting price arrival for sell
  4. 05-22-2012, 10:27 AM #23254
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    Quote Originally Posted by atif View Post
    its still making uptrend.... i am short from 1.275... is there any chance it will come donw again ... any comments :-(
    Nothing moves in a straight line so you may have a chance to get out with less of a loss, however, like a good fireman, traders need to know their exits before they go into a burning building or a trade.
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  5. 05-22-2012, 10:37 AM #23255
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    Quote Originally Posted by atif View Post
    its still making uptrend.... i am short from 1.275... is there any chance it will come donw again ... any comments :-(
    direction - good
    timing - awful

    be patient - bottom is due arround thursday
  6. 05-22-2012, 12:47 PM #23256
    root-minus
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    Quote Originally Posted by root-minus View Post
    Attachment 128748



    awaiting price arrival for sell

    Attachment 128780



    bought after spike down and trendline breech - retail stop hunting l think, will monitor price action for hold or bail
  7. 05-22-2012, 01:01 PM #23257
    root-minus
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    Quote Originally Posted by root-minus View Post
    Attachment 128780



    bought after spike down and trendline breech - retail stop hunting l think, will monitor price action for hold or bail

    Attachment 128788


    upper entry out, stop to entry lower and placed tg
    Last edited by root-minus; 05-22-2012 at 01:04 PM.
  8. 05-22-2012, 01:39 PM #23258
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  9. 05-22-2012, 02:26 PM #23259
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    London session review and outlook May 22 - 2012
    Review of markets covered in today's edition of Bulls vs. Bears: EUR/USD, GBP/USD, AUD/USD, FTSE100, S&P500, Gold, Brent Crude and WTI.




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  10. 05-22-2012, 03:01 PM #23260
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    Quote Originally Posted by ThomasNotas View Post
    We're ready for further losses on GBP

    Attachment 128672
    True roller coaster today

  11. 05-22-2012, 04:00 PM #23261
    root-minus
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    Quote Originally Posted by Alejandro Zambrano View Post
    True roller coaster today


    Attachment 128822



    awaiting buy
  12. 05-22-2012, 05:05 PM #23262
    root-minus
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    Quote Originally Posted by root-minus View Post
    Attachment 128822



    awaiting buy

    awaiting spike for touch buy 1.57450
  13. 05-22-2012, 05:46 PM #23263
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    Quote Originally Posted by root-minus View Post
    Attachment 128822



    awaiting buy
    While a buy may present itself, in looking at the daily chart I would be waiting for price to break/close below 1.5731 for a short entry. Next level of daily support would be around 1. 5640.
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  14. 05-22-2012, 05:50 PM #23264
    root-minus
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    Quote Originally Posted by root-minus View Post
    awaiting spike for touch buy 1.57450

    Attachment 128845




    scalps within defined range
  15. 05-22-2012, 05:52 PM #23265
    root-minus
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    Quote Originally Posted by Richard Krivo View Post
    While a buy may present itself, in looking at the daily chart I would be waiting for price to break/close below 1.5731 for a short entry. Next level of daily support would be around 1. 5640.

    l see what you see too, but if a find a valid scalp - l will take that too as well as your daily plan
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