If there is an unexpected 50 base point hike tomorrow this could be the key to a sustained upside breakout.
Its never that easy!
Thanks for the article. Yea I heard about that too. Maybe I'll sit back n wait till the dust settles on this one. I'm a bit too new to figure out what's going to happen. I have a -60 pip long with gbp/usd
.... I'm trying to decide whether to close it out or wait till tommorrow, but tommorrow could do more damage.
Jeff.
Thanks for the article. Yea I heard about that too. Maybe I'll sit back n wait till the dust settles on this one. I'm a bit too new to figure out what's going to happen. I have a -60 pip long with gbp/usd
.... I'm trying to decide whether to close it out or wait till tommorrow, but tommorrow could do more damage.Jeff.
- #12,426
- May 9, 2007 6:33pm May 9, 2007 6:33pm
- Joined Jan 2007 | Status: Trader | 1,407 Posts
Its never that easy!
Thanks for the article. Yea I heard about that too. Maybe I'll sit back n wait till the dust settles on this one. I'm a bit too new to figure out what's going to happen. I have a -60 pip long with gbp/usd
Jeff.
but if we look at the chart we can see prices hold at 25 and it's imp point
also there is bullish HD on hourly chart
also they say it's save over 888
- #12,427
- May 9, 2007 8:56pm May 9, 2007 8:56pm
- Joined Apr 2007 | Status: Senior Principal Trader | 2,699 Posts
If this situation occur tomorrow :
1. BOE hike rate - GU will bearish and my next Fib will be at 1.9781
if
2. BOE cut the rate - Bull will be with cesarnc
and my Fib will be at 2.0119
but if it maintain ....???????
1. BOE hike rate - GU will bearish and my next Fib will be at 1.9781
if
2. BOE cut the rate - Bull will be with cesarnc
and my Fib will be at 2.0119but if it maintain ....???????
- #12,430
- May 9, 2007 10:09pm May 9, 2007 10:09pm
If this situation occur tomorrow :
1. BOE hike rate - GU will bearish and my next Fib will be at 1.9781
if
2. BOE cut the rate - Bull will be with cesarnc
but if it maintain ....???????
BOE raise rate = GU bearish???
BOE cut rate = GU bullish??
What happened to the carry trade?? Since higher interest rate will attract them more to buy. Please care to explain. Thanx.
[quote=cesarnc;1436918]Hey, I'm just in/out of here from now on.
It happens that I feel consolidation periods hard enough to trade (compared to trendy times) as to allow myself to get even more confused with the myriad of predictions herewith.
...
Now I will just pop in once and while as to check whether or not there's some view that might inteligently challenge my view. My times of attempting to be of some help here is done.
quote]
Cesarnc, I don't blame you one bit. It seems that the response to helping others is that a few folks, instead of checking things out, learning and asking questions, feel that they must criticize and/or do you one better, and they don't know what they're talking about. What irks me most about this is the harm it does, especially to inexperienced traders.
For example, one member failed to recognize, in the simple system I presented, that a 5-period moving average on a 10-minute chart follows the price very closely. Therefore, since it doesn't lag, it is very useful in recognizing a cross over or under the 10 period weighted moving average.
That member's comment only served to further confuse the newbie.
I thank you for the many contributions you have made to this thread, and I wish you the best in trading and in life.
It happens that I feel consolidation periods hard enough to trade (compared to trendy times) as to allow myself to get even more confused with the myriad of predictions herewith.
...
Now I will just pop in once and while as to check whether or not there's some view that might inteligently challenge my view. My times of attempting to be of some help here is done.
quote]
Cesarnc, I don't blame you one bit. It seems that the response to helping others is that a few folks, instead of checking things out, learning and asking questions, feel that they must criticize and/or do you one better, and they don't know what they're talking about. What irks me most about this is the harm it does, especially to inexperienced traders.
For example, one member failed to recognize, in the simple system I presented, that a 5-period moving average on a 10-minute chart follows the price very closely. Therefore, since it doesn't lag, it is very useful in recognizing a cross over or under the 10 period weighted moving average.
That member's comment only served to further confuse the newbie.
I thank you for the many contributions you have made to this thread, and I wish you the best in trading and in life.
- #12,434
- May 9, 2007 10:33pm May 9, 2007 10:33pm
- Joined Apr 2007 | Status: Senior Principal Trader | 2,699 Posts
- #12,436
- May 9, 2007 10:54pm May 9, 2007 10:54pm
- Joined Apr 2007 | Status: Senior Principal Trader | 2,699 Posts
- #12,437
- May 10, 2007 1:22am May 10, 2007 1:22am
- Joined Jan 2007 | Status: Trader | 11,838 Posts
Trading Levels with WRBs
- #12,439
- May 10, 2007 2:49am May 10, 2007 2:49am
- Joined Mar 2007 | Status: we are stardust, we are golden | 1,364 Posts
GBP is getting dumped. Very scary stuff. Does anybody have any idea why this is happening right before the news (well an hour or so)? I hate to think some big boys got negative insider info, but I am out of the market until the decision anyway.
Somebody more courageous might want to buy this dip
Somebody more courageous might want to buy this dip
Virtue finds and chooses the mean.
Aristotle, Ethica Nichomachea