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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. 06-12-2012, 01:59 PM #23596
    Breeze
    Breeze is offline Member
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    Goodies

    Orders on Indexes

    Closed all US30 Positions @ 12518....Profits Booked
    Last edited by Breeze; 06-12-2012 at 02:09 PM. Reason: update
    your future is in your own hands
  2. 06-12-2012, 04:39 PM #23597
    root-minus
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    5M

    Attachment 133104



    fast downbar near a high



    sold
  3. 06-12-2012, 05:49 PM #23598
    root-minus
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    Quote Originally Posted by root-minus View Post
    Attachment 133104



    fast downbar near a high



    sold

    scalped, closed 1.55680
  4. 06-13-2012, 12:08 AM #23599
    Breeze
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    Lightbulb Positions

    Long EUR/JPY @

    100.50....Active Trade....Mental Stop Loss...Open Target
    100.14....Active Trade....Mental Stop Loss...Open Target
    99.92.....Active Trade.....Mental Stop Loss...Open Target

    Long GBP/USD @

    5544....Active Trade....Mental Stop Loss...Open Target

    Long EUR/USD @

    2619....Active Trade....Mental Stop Loss...Open Target
    2593....Active Trade....Mental Stop Loss...Open Target


    BEARISH CANDLESTICK PATTERNS...just sharing...
    Last edited by Breeze; 06-13-2012 at 12:10 AM. Reason: fixing
    your future is in your own hands
  5. 06-13-2012, 12:15 AM #23600
    Breeze
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    charts

    BULLISH CANDLESTICK PATTERNS...just sharing
    your future is in your own hands
  6. 06-13-2012, 12:35 AM #23601
    Breeze
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    charts

    Here we go
    your future is in your own hands
  7. 06-13-2012, 02:07 AM #23602
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    stryker
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    GU - 5592-96 initial good resis

    Various TF charts and while 8 hrs is the main showing the blue TL or 5760-66 ends the up correction on GU..
    Unless / Until QE3 rumors picks up momentum would expect it to be a nice spot to set shorts up..
    As of now 8 hrs is showing sign of a drop coming but have to wait the EU session for a clearer direction and sign...

    GL..
    Patience is virtue. The sooner we learn this all, sooner we can start walking to the bank. Good Luck to all of us—
    The trick is to wait the price meet ur limits, instead of one jumping in.. however scalps is a totally different scenario and is not everyone's cup of tea
    Disclaimer: I'm not at all suggesting trades when by either posting the graphs, or my entries. You can view it, but in the end you have to use your own logic and approach, as there is no certainty about this uncertain market...
  8. 06-13-2012, 03:48 AM #23603
    Breeze
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    Quote Originally Posted by Breeze View Post
    Long EUR/JPY @

    100.50....Active Trade....Mental Stop Loss...Open Target
    100.14....Active Trade....Mental Stop Loss...Open Target
    99.92.....Active Trade.....Mental Stop Loss...Open Target

    Long GBP/USD @

    5544....Active Trade....Mental Stop Loss...Open Target

    Long EUR/USD @

    2619....Active Trade....Mental Stop Loss...Open Target
    2593....Active Trade....Mental Stop Loss...Open Target
    Still Holding...no changes
    your future is in your own hands
  9. 06-13-2012, 04:36 AM #23604
    Breeze
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    Orders on Indexes

    Closed all US30 Positions @ 12518....Profits Booked
    Closed ES35N Index @ 6459............Profits Booked
    your future is in your own hands
  10. 06-13-2012, 04:54 AM #23605
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    JohnG_FX
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    Quote Originally Posted by JohnG_FX View Post
    Hi Luxuriant

    Not crazy and I wouldn't disagree with that, although at the moment the yield on UK gilts is very low so for any further asset purchases to be effective they are going to have to target the big holders - pension funds etc in the hope that they re-invest that money elsewhere. The big problem is the Eurozone. everybody is trying to beef up their balance sheets and are holding on to safe assets regardless of the yield. Also GBP seen as a potential safe haven, despite the really bad financial situation we are in so when we do eventually get the meltdown with Greece and Spain, UK Gilts and by extension cable may actually rally. Any port in a storm....
    Slightly off topic but thought I'd just share this link which is to a good article in The Telegraph yesterday which helps illustrate the problem any further QE by the BOE is going to cause. Pension deficits soar as the Bank of England's printing presses whir – Telegraph Blogs

    A worrying aspect is the fact that the UK does not include these pension deficits in its national debt projections - a rather large elephant in the room.....
    John G


    www.johng-fx.com/blog/
  11. 06-13-2012, 05:09 AM #23606
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    Alejandro Zambrano
    Alejandro Zambrano is online now DailyFX Moderator
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    GBP/USD June 13 - 2012


    I would be careful entering any new long GBP/USD positions as we are trading just below 1.56 which is resistance and yesterday’s price target. I would prefer to see a drop to 1.55 before considering going long. At 1.55 the potential risk is low as the trend defining key level is 1.5450. A drop under 1.5450 would extend the decline to 1.54.


    If you can any questions about this scenario or anything else trading related feel free to write to me here on the forum.

    Feel free to join me today at 10:30 GMT (11:30 UK time) for a free FX, stock and commodity market webinar at www.dailyfx.com/bvb
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    GBP/USD 60 min chart


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  12. 06-13-2012, 05:29 AM #23607
    root-minus
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    sold 1.55950

    adding sells if prices move towards 1.56070


    looking for scalp tg for now 1.55750
  13. 06-13-2012, 05:39 AM #23608
    root-minus
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    5M CHART

    Quote Originally Posted by root-minus View Post
    sold 1.55950

    adding sells if prices move towards 1.56070


    looking for scalp tg for now 1.55750

    Attachment 133178



    booked some at tg, secured
  14. 06-13-2012, 06:53 AM #23609
    root-minus
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    FOLLOW THROUGH

    Quote Originally Posted by root-minus View Post
    Attachment 133178



    booked some at tg, secured

    Attachment 133212


    some trendlines
  15. 06-13-2012, 07:15 AM #23610
    root-minus
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    Quote Originally Posted by root-minus View Post
    Attachment 133212


    some trendlines


    booked 1.55610
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