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  • Pound to Weaken Whether BOE Hike Is Big or Small, Analysts Say

    From bnnbloomberg.ca

    With UK interest rates poised to head higher today, the view from some analysts is that the pound will only move in the opposite direction when the decision is announced at noon local time. Their argument: that no matter what the extent of Bank of England tightening, the central bank will step back from flagging the need for further big rate rises in the coming months, causing markets to pare back expectations for hefty lifts in the future. “The bar for markets to be surprised on the hawkish side is so high that it’s not going to be met in any circumstance,” said Simon Harvey, head of foreign-exchange analysis ... (full story)

So pound will go up, thanks.
Everyone can see the chart, but only a few can actually read it.
From1toMillion EA All Time Return: 1,098.0%
How about stop chatting shit
May be 50 bps rate hike for August
If BOE hike .50 then its possible a kneejerk to 1.2245-60
from their will reverse and make new day low
Quoting OnlineAddict
So pound will go up, thanks.
LOL.........

Old tricks doesn't work with you anymore ?........

Whipsaw is another alternatives.....
I come from the future.
Quoting Pat Chiko
{quote} LOL......... Old tricks doesn't work with you anymore ?........ Whipsaw is another alternatives.....
What is your intuition saying? GBP up or down?
Somehow mine is saying down, but not as sure as some of the last times.
Quoting Pat Chiko
{quote} LOL......... Old tricks doesn't work with you anymore ?........ Whipsaw is another alternatives.....
The combination of words Bloomberg and Analysts is the trigger. lol

A whipsaw would be welcome...down...to buy cheaper.
Everyone can see the chart, but only a few can actually read it.
From1toMillion EA All Time Return: 1,098.0%
What will matter is how committed Bailey is to reducing inflation.
He says they are very committed so to back off now would be a shock.
BP will consolidate here for time being and will be down again after Bailey press brief.
Quoting Pat Chiko
{quote} LOL......... Old tricks doesn't work with you anymore ?........ Whipsaw is another alternatives.....
Won big time with sell !
Firstly my sl was hit because it was 50 pips spike, but as soon as the spike started to retrace I knew sell was coming and entered STRONG. (GBP/JPY). Finally my long awaited sell has come and GBP is now on free fall against JPY. I will stay short now GBP/JPY for the rest of the month.
All those options rotating = volatility.
Somewhat more dovish then I expected. But BOE will be unable to ease even as economy slows without triggering larger inflationary pressures. That puts a floor under policy.
Bailey will have some explaining to do as how BOE can proceed to support economy without triggering
runaway prices.

Not over for GBP yet but a definite bloody nose.
In statement they mention selling Gilts so policy direction still points to further tightening of Liquidity.
Wow what a free signal delivered on the silver platter PA was also on point though it was obvious to an average trader.
he was right after all
Quoting OnlineAddict
A whipsaw would be welcome...down...to buy cheaper.
Perfect!
Everyone can see the chart, but only a few can actually read it.
From1toMillion EA All Time Return: 1,098.0%
Quoting OnlineAddict
{quote} Perfect!
You're the man.
Thanks for the tips.
Just scalp this Pound by buying it cheaper.

I'm done, and waiting for your next FREE signal.......

Attached Image (click to enlarge)
Click to Enlarge Name: gu scalp on MPC.jpg Size: 172 KB
I come from the future.
Quoting TheWolf
{quote} Won big time with sell ! Firstly my sl was hit because it was 50 pips spike, but as soon as the spike started to retrace I knew sell was coming and entered STRONG. (GBP/JPY). Finally my long awaited sell has come and GBP is now on free fall against JPY. I will stay short now GBP/JPY for the rest of the month.
Nice Bro.

That's very sweet short for you.

Congrats
I come from the future.
Hey Pat how to win in forex i'm always losing
Quoting theimmortals
Hey Pat how to win in forex i'm always losing
You got to watch how Online Addict (https://www.forexfactory.com/onlineaddict) taking the trades.

Old hands in Trading. All tricks in his sleeves
I come from the future.
Quoting Pat Chiko
{quote} You got to watch how Online Addict (https://www.forexfactory.com/onlineaddict) taking the trades. Old hands in Trading. All tricks in his sleeves
I am just being lucky!
Everyone can see the chart, but only a few can actually read it.
From1toMillion EA All Time Return: 1,098.0%
This is the kinda stuff I used to follow in my earlier trading days, and Man, did I lose.
Trade to trade another day
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Quoting Wavegarrick
This is the kinda stuff I used to follow in my earlier trading days, and Man, did I lose.
Come mid August 15th they will revise to 1.25000. A never ending cycle, but hey hey ho we are there subjects.
Quoting OnlineAddict
{quote} I am just being lucky!
You have philosophy right anyway.. "20% technical - 20% fundamental - 60% psychological"
why it is so difficult to teach.
Warning: A Dangerous Subversive: 1% of comments CoCed
Quoting RossEdwards
{quote} You have philosophy right anyway.. "20% technical - 20% fundamental - 60% psychological" why it is so difficult to teach.
Because I can't teach either part, not psychology, not economy and definitely not starring at charts for 10-15 hours a day for years and years. People always look for a short cut or some hack or trick...but there aren't any, its just hard work over a long period of time.
Everyone can see the chart, but only a few can actually read it.
From1toMillion EA All Time Return: 1,098.0%
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