Trade FOREX with FXCM

  • Award-Winning Platform
  • 24/7 Customer Support
  • Trade Directly on Charts
  • Free $50K Practice Account
Trade Now

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%
Register


Results 3,496 to 3,510 of 24118
Page 234 of 1608 FirstFirst ... 134 184 224 230 231 232 233 234 235 236 237 238 244 284 334 734 1234 ... LastLast

Thread: Discuss the GBP/USD with a DailyFX Analyst

  1. 06-11-2008, 09:58 AM #3496
    Black.day
    Black.day is offline Member
    Join Date
    May 2005
    Posts
    845
    Head fake?
  2. 06-11-2008, 10:05 AM #3497
    lovelyforex's Avatar
    lovelyforex
    lovelyforex is offline Member
    Join Date
    Feb 2008
    Posts
    614

    hmmm

    thereafter will play sideway for finding new trend resis vs sup
  3. 06-11-2008, 10:16 AM #3498
    Black.day
    Black.day is offline Member
    Join Date
    May 2005
    Posts
    845
    Fake, fake, fake Short .9650 SL .9709
  4. 06-11-2008, 10:47 AM #3499
    sam0182
    sam0182 is offline Member
    Join Date
    Jan 2008
    Posts
    23
    First limit long was triggered on the dip just below 1.95 early this morning, I assume because of the GBP trade news release?

    +100 pips on it now, shooting for +1.97, S/L moved up to +50pips (around 1.956ish) as I don't have access to my broker during the day.
    Last edited by sam0182; 06-11-2008 at 11:05 AM.
  5. 06-11-2008, 10:56 AM #3500
    TIGTRADER's Avatar
    TIGTRADER
    TIGTRADER is offline Member
    Join Date
    Jun 2008
    Posts
    19
    Will Hit the 1.97+ today? anyone please....Help on Charting.
  6. 06-11-2008, 02:35 PM #3501
    sam0182
    sam0182 is offline Member
    Join Date
    Jan 2008
    Posts
    23
    It definitely needs to make it through this 1.965 resistance first off. A good close above that and I can see price continuing upwards to 1.97.
  7. 06-11-2008, 11:41 PM #3502
    sam0182
    sam0182 is offline Member
    Join Date
    Jan 2008
    Posts
    23
    Quote Originally Posted by sam0182 View Post
    It definitely needs to make it through this 1.965 resistance first off. A good close above that and I can see price continuing upwards to 1.97.
    Closed earlier this evening for +102pips. The resistance at 1.965 was holding and it just didn't seem to be working out.

    Looks like this thing will have to sail further towards the support mentioned earlier (1.945 range) and with the help of poor US retail sales tomorrow, maybe we can get on up to the 1.97 (or higher) range.

    Below is screenshot of my entry and exit...



    Good evening everyone and good luck on this one.
  8. 06-12-2008, 12:47 AM #3503
    moneyads4u
    moneyads4u is offline Member
    Join Date
    Feb 2008
    Posts
    21

    GBP/USD On Uptrend Today

    GBP/USD On Uptrend Today...

    RSI7 - Low To Buy and find for 100 pip today on poor economic data on USD

    Any good comments from member please...
  9. 06-12-2008, 05:10 AM #3504
    Black.day
    Black.day is offline Member
    Join Date
    May 2005
    Posts
    845
    Quote Originally Posted by Black.day View Post
    Fake, fake, fake Short .9650 SL .9709
    Moved SL to b/e but looking to close this position very soon ...
  10. 06-12-2008, 05:39 AM #3505
    Black.day
    Black.day is offline Member
    Join Date
    May 2005
    Posts
    845
    Out here at .9490 +160
  11. 06-12-2008, 05:53 AM #3506
    chupacabra's Avatar
    chupacabra
    chupacabra is offline Member
    Join Date
    Jan 2008
    Posts
    138
    Wow, black.day, you're on a roll today! Well done!
    Seems like 9360 is a possibility in the coming days, though probably not today considering the hour chart.
  12. 06-12-2008, 07:15 AM #3507
    Black.day
    Black.day is offline Member
    Join Date
    May 2005
    Posts
    845

    Swissy

    Short order set for .0476 SL .0576
  13. 06-12-2008, 08:50 AM #3508
    Black.day
    Black.day is offline Member
    Join Date
    May 2005
    Posts
    845
    ... Cuckoo!
  14. 06-12-2008, 09:00 AM #3509
    harbkalsi
    harbkalsi is offline Registered User
    Join Date
    Jun 2008
    Posts
    2

    Looking to play short term

    Just joined in, looking to play short term on GBP/USD pair. 9472 look good for a USD sell for GBP?
  15. 06-12-2008, 09:17 AM #3510
    John Kicklighter's Avatar
    John Kicklighter
    John Kicklighter is offline Moderator
    Join Date
    Jan 2007
    Posts
    1,283
    The dollar and its majors are very active this morning. I'm seeing significant breaks in both AUDUSD and USDJPY; but the others are still bound to their major ranges. So, given this activity, should GBPUSD finally break from its wedge this time around, or is this yet another good range trade opportunity?

    I'm seeing consumer confidence (which is likely to be worse) and CPI (which has a close connection to Bernanke's hawkish rhetoric this week and could therefore drive interest rate expectations highs...) this week. Can these numbers drive not only this pair but the EUR, CHF, CAD out of their wide ranges?

    I think the ranges could last at least for a while, but I feel more comfortable in expressing that through a short USDCHF position.

    What do you think Black.day? Finally a break this week, or keep with the range?
« Previous Thread | Next Thread »

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  

Forum Rules

Disclaimer: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. Forex Capital Markets LLC. will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.