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  • Bank of England provides monetary policy guidance

    From bankofengland.co.uk

    At its meeting on 1 August, the Bank of England’s Monetary Policy Committee (MPC) voted to provide some explicit guidance regarding the future conduct of monetary policy. The Committee intends at a minimum to maintain the current highly stimulative stance of monetary policy until economic slack has been substantially reduced, provided this does not entail material risks to either price stability or financial stability. In particular, the MPC intends not to raise Bank Rate from its current level of 0.5% at least until the Labour Force Survey headline measure of the unemployment rate has fallen to a threshold of 7%, ... (full story)

  • #1
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  • Aug 7, 2013 5:40am Aug 7, 2013 5:40am
God! HFT spammed so much it broke the price feed, started to lag then it complety stopped streaming
  • #2
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  • Aug 7, 2013 5:42am Aug 7, 2013 5:42am
Full dead.Target 1.50
  • #3
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  • Aug 7, 2013 5:43am Aug 7, 2013 5:43am
  •  Trader#E3D9
  • | Status: Unregistered Trader
carney did a bernanke.
  • #4
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  • Aug 7, 2013 5:43am Aug 7, 2013 5:43am
Long target 1.54
  • #5
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  • Aug 7, 2013 5:44am Aug 7, 2013 5:44am
Quoting k3nshinz3139
Long target 1.54
how long target 1.54 whereas data is negative
  • #6
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  • Aug 7, 2013 5:46am Aug 7, 2013 5:46am
Not serious.. You check the price action..
  • #7
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  • Aug 7, 2013 5:47am Aug 7, 2013 5:47am
What are you talking about guys? price again going up and up... what the heck is going on with GBP?
  • #8
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  • Aug 7, 2013 5:52am Aug 7, 2013 5:52am
real impact is come in next hour
  • #9
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  • Aug 7, 2013 5:55am Aug 7, 2013 5:55am
  •  Trader#F6AA
  • | Status: Unregistered Trader
this is ridiculous....could wipe out peoples equity
  • #10
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  • Aug 7, 2013 5:57am Aug 7, 2013 5:57am
Quoting k3nshinz3139
Long target 1.54
This time should can break resistance 1.54 again..
  • #11
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  • Aug 7, 2013 6:00am Aug 7, 2013 6:00am
Quoting ali awan
real impact is come in next hour
hope that so..
  • #12
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  • Aug 7, 2013 6:02am Aug 7, 2013 6:02am
very cazy gbpusd. what news that effect for up gbp?
  • #13
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  • Aug 7, 2013 6:11am Aug 7, 2013 6:11am
im also told you guys real impact on this hour so buyers enjoy their trades
  • #14
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  • Aug 7, 2013 6:17am Aug 7, 2013 6:17am
Quoting k3nshinz3139
This time should can break resistance 1.54 again..
TP total 250 pips made today hahahaha
  • #15
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  • Aug 7, 2013 6:18am Aug 7, 2013 6:18am
Quoting Guest
this is ridiculous....could wipe out peoples equity

That's the sole purpose of market makers.
  • #16
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  • Aug 7, 2013 6:21am Aug 7, 2013 6:21am
QE and low rates remain until unemployment falls below (or down to) 7%. It is currently 7.8% approximately. There are a number of stated caveats that allow the MPC to 'change their mind' which are linked to inflation and financial stability.

So at the moment no change in rates, possibly more QE if business does not pick up or maybe if the strength of GBP is too strong to allow economic improvement given that most export is occurring to countries that are in recession.
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #17
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  • Aug 7, 2013 6:39am Aug 7, 2013 6:39am
Inflation clauses killed GBP shorts here
  • #18
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  • Aug 7, 2013 6:41am Aug 7, 2013 6:41am
Quoting Guest
this is ridiculous....could wipe out peoples equity
Lock your pips with SL or trailing stop.. tommorow never die...
  • #19
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  • Aug 7, 2013 6:56am Aug 7, 2013 6:56am
Quoting Exodus
QE and low rates remain until unemployment falls below (or down to) 7%. It is currently 7.8% approximately. There are a number of stated caveats that allow the MPC to 'change their mind' which are linked to inflation and financial stability.

So at the moment no change in rates, possibly more QE if business does not pick up or maybe if the strength of GBP is too strong to allow economic improvement given that most export is occurring to countries that are in recession.
Tell me you did not shorted it again?!
  • #20
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  • Aug 7, 2013 6:56am Aug 7, 2013 6:56am
unbelievable! how far it will go?
  • #21
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  • Aug 7, 2013 7:00am Aug 7, 2013 7:00am
Might go to 1.58xx before September...
  • #22
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  • Aug 7, 2013 7:08am Aug 7, 2013 7:08am
hey
k3nshinz3139 what clues did the price action give you? and what time frame where you looking at, I'm a newbie to this stuff but from what I have heard so far it is all about price action
  • #23
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  • Aug 7, 2013 9:18am Aug 7, 2013 9:18am
HFT nearly destroyed all the financial markets
  • #24
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  • Aug 7, 2013 9:30am Aug 7, 2013 9:30am
Quoting michaelpelly
Tell me you did not shorted it again?!
I did not short it again
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #25
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  • Aug 7, 2013 9:31am Aug 7, 2013 9:31am
I might have missed somth but the article is about rates and policy, not algo trading.
forget about tomorrow, just steal away into the night
  • #26
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  • Aug 7, 2013 11:11am Aug 7, 2013 11:11am
data negative and gbp bullish? Why? Why? As I am short?
  • #27
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  • Aug 7, 2013 12:04pm Aug 7, 2013 12:04pm
Quoting M. Tariq Mah
data negative and gbp bullish? Why? Why? As I am short?
If it breaks 5520 cry....
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #28
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  • Aug 7, 2013 12:30pm Aug 7, 2013 12:30pm
hold on here. Are those gbp sellers? no way. if it breaks 5520 on the daily chart and holds it for a day or 2, then cry in your beer a little. middle of the daily up channel here. 200 sma just above. i doubt it blows through those on it's first try so i short here.
  • #29
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  • Aug 7, 2013 1:17pm Aug 7, 2013 1:17pm
Well, jay - shouldn't you try to hop on better spike near the 1.56xx resistance with wider S/L to cover the spikes? 1.5510 is hardly a good selling place, but dun'no - I would wait for dips to buy in week or two.
  • #30
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  • Aug 7, 2013 2:21pm Aug 7, 2013 2:21pm
I couldn't disagree more. It's an incredible force for good and has created a massive vacuum/coma trail for retail traders to play in. The FX trends since October have been some of the best I've ever witnessed, similarly traders operating around pivot point levels should be jumping for joy. If neither of those two scenarios are working for you go and walk the earth like Caine from Kung Fu, perhaps for a year to figure out your stupidity. Hope that helps :-)


Quoting Eagleprice
HFT nearly destroyed all the financial markets
"The meek shall inherit the earth.." Yeah right, good luck with that shit..
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