If I were to gamble this one - and I'm not - it looks like the market is driving up GJ for dovish expectations (although UJ's not seemingly behaving the same way - seems GJ's following EU). I think the FOMC is far more of an unknown, compared to the BOE speaking 45 min later where the chances are more possible for sterling to get knocked down. Pure directional guesswork? Sterling might pop to 138.7 to potentially get knocked/range down to 136.6 once the BOE statements are absorbed. Overall, it's a trading crapshoot I think - you're at the mercy of the marketmakers and how they interpret it - 100 pip SLs are meaningless today, unless you have a good long from before.
- Post #218,421
- Quote
- Mar 16, 2010 12:19pm Mar 16, 2010 12:19pm
- Joined May 2009 | Status: Trading, Not Posting | 2,130 Posts
- Post #218,422
- Quote
- Mar 16, 2010 12:20pm Mar 16, 2010 12:20pm
- | Joined Sep 2009 | Status: Freshman Fledgling Neophyte | 1,663 Posts
- Post #218,423
- Quote
- Mar 16, 2010 12:25pm Mar 16, 2010 12:25pm
- | Joined Sep 2009 | Status: Freshman Fledgling Neophyte | 1,663 Posts
- Post #218,424
- Quote
- Mar 16, 2010 12:30pm Mar 16, 2010 12:30pm
- | Joined Aug 2009 | Status: "Protect yo neck"- WuTang Financial | 854 Posts
- Post #218,425
- Quote
- Mar 16, 2010 12:33pm Mar 16, 2010 12:33pm
- Joined Sep 2007 | Status: Member | 6,871 Posts
check out my blog: forexmademillionaire dot com
- Post #218,426
- Quote
- Mar 16, 2010 12:41pm Mar 16, 2010 12:41pm
- | Joined Sep 2009 | Status: Freshman Fledgling Neophyte | 1,663 Posts
- Post #218,427
- Quote
- Mar 16, 2010 12:59pm Mar 16, 2010 12:59pm
- Joined Sep 2007 | Status: Member | 6,871 Posts
check out my blog: forexmademillionaire dot com
- Post #218,428
- Quote
- Mar 16, 2010 1:04pm Mar 16, 2010 1:04pm
- | Joined Sep 2009 | Status: Freshman Fledgling Neophyte | 1,663 Posts
- Post #218,429
- Quote
- Mar 16, 2010 1:24pm Mar 16, 2010 1:24pm
- | Joined Feb 2010 | Status: Member | 450 Posts
- Post #218,430
- Quote
- Mar 16, 2010 1:41pm Mar 16, 2010 1:41pm
- | Joined Sep 2009 | Status: Freshman Fledgling Neophyte | 1,663 Posts
- Post #218,431
- Quote
- Mar 16, 2010 1:49pm Mar 16, 2010 1:49pm
- Joined Sep 2007 | Status: Member | 6,871 Posts
check out my blog: forexmademillionaire dot com
- Post #218,432
- Quote
- Mar 16, 2010 1:51pm Mar 16, 2010 1:51pm
- | Joined Feb 2010 | Status: Member | 450 Posts
- Post #218,433
- Quote
- Mar 16, 2010 1:56pm Mar 16, 2010 1:56pm
- | Joined Sep 2009 | Status: Freshman Fledgling Neophyte | 1,663 Posts
- Post #218,434
- Quote
- Mar 16, 2010 2:00pm Mar 16, 2010 2:00pm
- Joined Sep 2007 | Status: Member | 6,871 Posts
check out my blog: forexmademillionaire dot com
- Post #218,435
- Quote
- Mar 16, 2010 2:02pm Mar 16, 2010 2:02pm
- | Joined Feb 2010 | Status: Member | 450 Posts
- Post #218,436
- Quote
- Mar 16, 2010 2:08pm Mar 16, 2010 2:08pm
- | Joined Sep 2009 | Status: Freshman Fledgling Neophyte | 1,663 Posts
- Post #218,437
- Quote
- Mar 16, 2010 2:27pm Mar 16, 2010 2:27pm
- Joined Jan 2007 | Status: Member | 3,719 Posts
Nihil Sine Deo.
- Post #218,438
- Quote
- Mar 16, 2010 2:30pm Mar 16, 2010 2:30pm
- Joined Jan 2009 | Status: Member | 8,359 Posts
- Post #218,439
- Quote
- Mar 16, 2010 2:32pm Mar 16, 2010 2:32pm
- | Joined Sep 2009 | Status: Freshman Fledgling Neophyte | 1,663 Posts
- Post #218,440
- Quote
- Mar 16, 2010 2:33pm Mar 16, 2010 2:33pm
- | Joined Sep 2009 | Status: Freshman Fledgling Neophyte | 1,663 Posts