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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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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.

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Thread: Discuss the GBP/USD with a DailyFX Analyst

  1. 06-26-2012, 06:58 AM #23881
    root-minus
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    Quote Originally Posted by STORMTROOPER View Post
    Like the sound of that. Considering GBP is already overbought on the hourlies and 1.56600 is likely to be stiff resistance.

    Hey STORMTROOPER


    also EG is low, favours a bearish cable to lift it even if eu drops south
  2. 06-26-2012, 07:52 AM #23882
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    Quote Originally Posted by STORMTROOPER View Post
    Closed @ 1.56100 now flipped to a Short @ 1.56200 Stop Loss @ 1.56600 Target @ 1.55400.
    I'm out at Break Even. Looking to re-enter Short at a higher level around 1.56500 - 1.56600 or long @ 1.55800
  3. 06-26-2012, 08:11 AM #23883
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    DailyFX.com Bulls vs. Bears: The Spread Betting Morning Update June 26 - 2012

    Main presentation
    Bulls vs Bears - The spread Betting Morning Update June 26 - 2012 | DailyFX: Bulls vs Bears on Blip

    EURGBP


    GBPUSD
  4. 06-26-2012, 08:55 AM #23884
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    Quote Originally Posted by STORMTROOPER View Post
    I'm out at Break Even. Looking to re-enter Short at a higher level around 1.56500 - 1.56600 or long @ 1.55800
    Hello GBP/USD pushed under so many level for last 1.5 hr so it makes sense to be short on a bounce that does not exceed above the 5650 level
  5. 06-26-2012, 09:00 AM #23885
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    Feeling great! Whats next?
  6. 06-26-2012, 09:08 AM #23886
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    Quote Originally Posted by STORMTROOPER View Post
    I'm out at Break Even. Looking to re-enter Short at a higher level around 1.56500 - 1.56600 or long @ 1.55800
    Should have stuck with the Short a little longer for a few pips (+40) but hindsight is a wonderful thing.

    I am now Long as mentioned earlier and looking to close @ 1.56200 if it proves to be a worthwhile resistance. I am optimistic with this trade but not totally confident so Stop Loss is tight @ 1.55600and will move to Break Even once price moves above 1.56000. Initial Target @ 1.56200 but ideally I am looking at another push towards 1.56600.
  7. 06-26-2012, 09:10 AM #23887
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    Quote Originally Posted by msufaisal View Post
    Feeling great! Whats next?
    Sounds like you bagged some pips?
  8. 06-26-2012, 09:45 AM #23888
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    Hmm... good work man! Happy pipping...
  9. 06-26-2012, 09:50 AM #23889
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    Quote Originally Posted by STORMTROOPER View Post
    Should have stuck with the Short a little longer for a few pips (+40) but hindsight is a wonderful thing.

    I am now Long as mentioned earlier and looking to close @ 1.56200 if it proves to be a worthwhile resistance. I am optimistic with this trade but not totally confident so Stop Loss is tight @ 1.55600and will move to Break Even once price moves above 1.56000. Initial Target @ 1.56200 but ideally I am looking at another push towards 1.56600.
    Closed @ 1.56200 +40pips
  10. 06-26-2012, 10:05 AM #23890
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    Quote Originally Posted by STORMTROOPER View Post
    Closed @ 1.56200 +40pips

    Great work buddy

  11. 06-26-2012, 10:14 AM #23891
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    Thanks Alejandro. I like it!
  12. 06-26-2012, 12:04 PM #23892
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    GBPUSD - Long @ 1.55984

    I'm Long from a short while earlier @ 1.55984. Stop Loss moved to Break Even from 1.55700 and initial target is 1.56400
  13. 06-26-2012, 12:14 PM #23893
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    missed the rally to north
  14. 06-26-2012, 12:52 PM #23894
    root-minus
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    sold at 1.56362


    allowing only 10- 13 point manual stop



    tg nearest demand at 1.56000
    Last edited by root-minus; 06-26-2012 at 01:03 PM.
  15. 06-26-2012, 12:56 PM #23895
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    Quote Originally Posted by STORMTROOPER View Post
    I'm Long from a short while earlier @ 1.55984. Stop Loss moved to Break Even from 1.55700 and initial target is 1.56400
    Out @ 1.56400 +40pips
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