WTF! Surprise UK Rate Hike! | Forex Factory

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WTF! Surprise UK Rate Hike!

  • #1
  • First Post: Jan 11, 2007 6:04am Jan 11, 2007 6:04am
Good thing I had a BuyStop on all brokers.
Too bad, i gunned for a 30 pip TP instead of 100!
  • #2
  • Jan 11, 2007 6:05am Jan 11, 2007 6:05am
wow lol
  • #3
  • Jan 11, 2007 6:05am Jan 11, 2007 6:05am
5.25%!! I was already long, since 1.9342, t/p at 1.95, spiked up to 1.9518

Who expected that?!
  • #4
  • Jan 11, 2007 6:07am Jan 11, 2007 6:07am
Now that a Rate Hike is in, traders wont expect another hike next months.
  • #5
  • Jan 11, 2007 6:08am Jan 11, 2007 6:08am
I'm glad I fixed my mortgage.

Not so glad I didnt trade it
If it's too good to be true, it probably is.
  • #6
  • Jan 11, 2007 6:17am Jan 11, 2007 6:17am
i just absolutely crushed this by complete accident and my jerk broker decided to not let me out at 1.9480 and now its at 9530 thats what they get i got a phat position on too


word up UK
  • #7
  • Jan 11, 2007 6:19am Jan 11, 2007 6:19am
lets see what euro does.
If I Go Broke Trying Then I Will die happy.
  • #8
  • Jan 11, 2007 6:19am Jan 11, 2007 6:19am
I was long from 1.9342 as well actually. To bad I had my take profitt in top area of the monthly channel at 1.9420. But still fun. I was like, what the fuck happend, my possition is gone! A split second later I realised it was because my computer screen didn't manage to update fast enough and take profitt was hit.
  • #9
  • Jan 11, 2007 6:23am Jan 11, 2007 6:23am
Now since BOE raised anyone think that ECB might or will they just hold rates steady? what is your opinion. I am a kind of leaning that they will raise too since about 75% of the of what i noticed that they do the same thing unless statitcs leading up is in opposite directions which they were not this time.
  • #10
  • Jan 11, 2007 6:24am Jan 11, 2007 6:24am
Cable

Looks like the FibRet 23.6 stopped it dead in its tracks
  • #11
  • Jan 11, 2007 6:25am Jan 11, 2007 6:25am
Quoting pipple
i just absolutely crushed this by complete accident and my jerk broker decided to not let me out at 1.9480 and now its at 9530 thats what they get i got a phat position on too


word up UK


Cheers!
  • #12
  • Jan 11, 2007 6:28am Jan 11, 2007 6:28am
That was quite a surprise! Looks like an almost 140 pip initial spike! Incredible!
  • #13
  • Jan 11, 2007 6:29am Jan 11, 2007 6:29am
in shock :surprised
Trade what you see, not what you think.
  • #14
  • Jan 11, 2007 6:34am Jan 11, 2007 6:34am
Yeah, I still had 11 lots in from the initial 4:30 move at 1.9372. Just took my requote at 1.9512 instead of 15. Wootz! I'll take it.
The basis of a democratic state is liberty. ~ Aristotle
  • #15
  • Jan 11, 2007 6:39am Jan 11, 2007 6:39am
Longest 1-min bar I've ever seen... from 1.9377 to 1.9512, 135 pips!!
Tra-X
  • #16
  • Jan 11, 2007 6:39am Jan 11, 2007 6:39am
not really a surprise, there was a good chance of it happening, ecb next

and if they follow suit (possible) then its gonna go mental!!!!

good luck all (i am out by the way, made 88 pips today on the eur.usd dont like
going against the overall trend, anyway i am off its bouncin on the pivot point, so we could be in a long all day long

and with the ecb next worth a punt

good luck see ya all soon
  • #17
  • Jan 11, 2007 6:40am Jan 11, 2007 6:40am
Quoting PipJunkie
Now since BOE raised anyone think that ECB might or will they just hold rates steady? what is your opinion. I am a kind of leaning that they will raise too since about 75% of the of what i noticed that they do the same thing unless statitcs leading up is in opposite directions which they were not this time.
just watch the economic indicators and uwill know. Inflationary pressures will influence a rate hike.

watch the forex calendar on this site
  • #18
  • Jan 11, 2007 6:42am Jan 11, 2007 6:42am
It's not completely unexpected is it??

I don't trade the news yet. Not officially.
I am slowly trying to grasp the fundamental side. This leads me to read articles on the subject.
I could have sworn that there was a rise expected sometime in the new year.

I would have thought people would be trigger happy waiting through each anouncement?
Bundy's status today: "Waiting..."
  • #19
  • Jan 11, 2007 6:49am Jan 11, 2007 6:49am
For me its not a surprise, there were a trend reversal on monday (GBPJPY),
So its just a continuation...+400 pip in 2-3days :-)
Sorry for my bad english translation
  • #20
  • Jan 11, 2007 6:54am Jan 11, 2007 6:54am
It just goes to show. Always be ready to pull the trigger whatever the experts say and whatever the expected number is. It was a beautiful trade for me. I have been waiting for this UK rate hike since last month and what's good is that it often comes as a surprise. The whole move was some 150 pips and happy to capture some of that. Could have made much more myself but I exited too early like many other traders I suppose.
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