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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. 05-23-2012, 06:30 PM #23296
    Gregory McLeod's Avatar
    Gregory McLeod
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    Do You Think Euro Summit Could Give Cable Lift?

    Do You Think Euro Summit Could Give Cable Lift?
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  2. 05-23-2012, 08:10 PM #23297
    root-minus
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    Quote Originally Posted by root-minus View Post
    Attachment 129126



    5MIN trendlines

    Attachment 129139



    triple bottom low risk scalp
  3. 05-23-2012, 08:30 PM #23298
    root-minus
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    Quote Originally Posted by root-minus View Post
    Attachment 129139



    triple bottom low risk scalp

    Attachment 129140


    inverse h&s has developed, appears bullish



    tg hit
  4. 05-23-2012, 09:21 PM #23299
    root-minus
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    Quote Originally Posted by root-minus View Post
    Attachment 129140


    inverse h&s has developed, appears bullish



    tg hit

    Attachment 129141



    diamond at low, tend to resolve north
  5. 05-24-2012, 06:42 AM #23300
    root-minus
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    Attachment 129225



    5m scalp



    secured
  6. 05-24-2012, 07:02 AM #23301
    root-minus
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    Quote Originally Posted by root-minus View Post
    Attachment 129225



    5m scalp



    secured

    Attachment 129234


    tg acheved
  7. 05-24-2012, 07:53 AM #23302
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    Unhappy

    I'm not into fundamentals by any stretch of the imagination, but my warped thinking is we are overdue for wave 4 & I think maybe most pairs will go up slowly & erratically until the Greek elections. The Greek election results & their subsequent statement to Germany to stick their Austerity up their fundamental orifices should then send us down on wave 5. Just thinking out loud.....
    Never rush a trade. Make haste slowly.
  8. 05-24-2012, 08:14 AM #23303
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    Quote Originally Posted by JohnG_FX View Post
    Ok - hit my first downside target.

    Covered shorts and now long at 1.5718 and will add if we get lower. could get a spike down before a reversal on the UK data out in 8 minutes.

    Nice divergence on the 4hr
    Hi John,

    What do you think of a double MTD inversion? - SP500 looks botttomish and it would make ITD2 early
  9. 05-24-2012, 08:29 AM #23304
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    Cable Inverted Head and Shoulders Looks Ready to Break Higher: US Economic Data Could

    Cable Inverted Head and Shoulders Looks Ready to Break Higher: US Economic Data Could Be Catalyst
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  10. 05-24-2012, 09:05 AM #23305
    root-minus
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    Attachment 129272



    quick few
  11. 05-24-2012, 09:17 AM #23306
    Howdyy
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    It appears the 4 low is in now which is due today. Now moving to the 5 high due about May 28. Long trade is now recommended to hold to the end of this week.

    Edit: Forgot to mention, this is the 32 lunar month Delta solution that some follow. No inversions here.
    Last edited by Howdyy; 05-24-2012 at 09:49 AM. Reason: Add info
  12. 05-24-2012, 09:30 AM #23307
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    Let's Do the Lightning Round

    It's that Time Again Folks. Since we don't have Real time SSI, let's do the
    LIGHTNING ROUND

    Only tell us if you are Long, Flat or Short the Euro or another currency pair

    No chart is needed and if you have a spare moment, tell us your entry price, stop and Limit.

    This is just a real fun and fast posting!

    Enjoy!

    I am holding long EUR/JPY @99.79
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  13. 05-24-2012, 09:34 AM #23308
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    Quote Originally Posted by Howdyy View Post
    It appears the 4 low is in now which is due today. Now moving to the 5 high due about May 28. Long trade is now recommended to hold to the end of this week.
    Great chart Howdyy. Thanks for sharing your valuable analysis with us!
    Trader, Gregory McLeod moderates the DailyFX Forum.

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  14. 05-24-2012, 10:06 AM #23309
    root-minus
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    Quote Originally Posted by Gregory McLeod View Post
    Cable Inverted Head and Shoulders Looks Ready to Break Higher: US Economic Data Could Be Catalyst

    this outlook makes alot of sense, thanks for this
  15. 05-24-2012, 10:10 AM #23310
    Cesil9227
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    Long GBP/NZD @ $2.0765 looking for $2.0950-$2.10. : ) & looking for decent short entries on cable above $1.5730
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