not for long - down we go 
- #15,982
- Jun 27, 2007 4:50am Jun 27, 2007 4:50am
- Joined Jan 2007 | Status: Trader | 1,407 Posts
not for long - down we go
- #15,985
- Jun 27, 2007 4:57am Jun 27, 2007 4:57am
- | Joined Oct 2006 | Status: Trader | 1,012 Posts
Hi every body,
As you are aware that Mr. Blair will resign as a prime minister of England.
does any body want to share his/her views that would it be positive for GBP or Negative. Will GBP maintain bull bias. or it will be down.???
I think this is help for everybody so please share the comments.
GOD HELPS THOSE WHO HELP OTHERS.
To be honest not much effect I think as old Gordan Brown is taking over and he was the chancellor so had more input into business and economy than the prime minister. Did you know that he has not been voted in as prime minister by the people of the country, he automatically gets the job without a vote
- #15,990
- Edited 5:26am Jun 27, 2007 5:13am | Edited 5:26am
- | Joined Jun 2007 | Status: Trader | 988 Posts
hmmm, nice chart actually - clear and precise. i still think short-term we are headed down.
if we go down to .9875 as you say, then i see a big, swift move down to .9730. only then do i see a pullback toward 2.0000. but i could be wrong...
if we go down to .9875 as you say, then i see a big, swift move down to .9730. only then do i see a pullback toward 2.0000. but i could be wrong...
- #15,992
- Jun 27, 2007 5:43am Jun 27, 2007 5:43am
- Joined Mar 2006 | Status: Trade the reaction not the news! | 10,359 Posts
I had a short signal today but I didn't enter cause price didn't came up to my entry price, but if I was in I would by now had moved my SL to BE
possible dangerous reversal pattern on cable developing stay cautious... this could turn out to be an up day...
- #15,994
- Jun 27, 2007 5:51am Jun 27, 2007 5:51am
- Joined Mar 2006 | Status: Trade the reaction not the news! | 10,359 Posts
- #15,995
- Jun 27, 2007 5:57am Jun 27, 2007 5:57am
- | Joined Oct 2006 | Status: Trader | 1,012 Posts
If you are looking at fibs (or anything else for that matter) on a daily chart, then you have to wait for the daily chart to close to form an opinion.
Just my opinion, anyways.
- #15,998
- Jun 27, 2007 6:11am Jun 27, 2007 6:11am
- Joined Nov 2006 | Status: Shoot all the clowns.. Shoot'em all | 14,520 Posts
- #16,000
- Edited 7:20am Jun 27, 2007 6:51am | Edited 7:20am
- | Joined Jun 2007 | Status: Trader | 988 Posts
Im sorry, can you explain something to me?
Lets see...
Unless the market starts to price in a rake hike from US with this week and next week data, why should the price go down to 97? Or in other words, why the market should "unprice in" right now the possible UK hike that drove the pair to 2.0000?
Technicalls may say.. "Well the rate hike uptrend just died/ended". But correct me if im wrong! Until July 5th (rate annoucement), is more possible that the price goes sideways/consolidation on hourlies, than start a new downtrend to 97s, forgetting completly the recent uptrend motives. Dont you even consider the major fibs in the way? I dont get it.
Fibs can be broken of course but with the help of bad sentiment/rate hike unprice.
Anyway, i personally believe that they will not rise the rates, and the price will indeed get down. But with expected bad news for the USD, im guessing is better to wait for ALL the info to be priced in the market and then in the R day, Short the "interest rate hold", with much more possible technical resistance areas than today. We are talking about hundreds of pips with little SL. In my view, im talking about a mounth goal achieved in one day. Im patient.
I dont know. Any of this sound reasonable?