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View Poll Results: What impact will the Bank of England Rate Decision have on the GBP/USD?

Voters
14. This poll is closed
  • Send GBP/USD Higher!

    8 57.14%
  • Send GBP/USD Lower!

    4 28.57%
  • The rate decision will not have a significant impact.

    2 14.29%
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  1. #23101
    JohnG_FX's Avatar
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    Quote Originally Posted by Gregory McLeod View Post
    GBP/USD Rolling Over-- Anybody holding positions over the weekend?
    Holding longs GBPUSD , and shorts on GBPAUD

  2. #23102
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    Gregory McLeod is offline DailyFX Moderator/Trader
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    Quote Originally Posted by fazi View Post
    Yes - I do have a short till appr. wednesday

    there are stops below 1.6060 - I wonder if they are popped today

    Patryk
    GBP/USD could run down to the 1.6000 area before forming a B leg up back around 1.6250. This would be an ideal short for a run down to 1.5890 (38.2% Retrace of move up from 1.5250 in Jan. to the 1.6300 high)

    But I am holding short as well
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  3. #23103
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    Quote Originally Posted by JohnG_FX View Post
    Holding longs GBPUSD , and shorts on GBPAUD
    I like a long too, but I think we may get a flushing out of weak GBP/USD longs before a push higher. Thanks for sharing JohnG always great to have your input!
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  4. #23104
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    Quote Originally Posted by Gregory McLeod View Post
    I like a long too, but I think we may get a flushing out of weak GBP/USD longs before a push higher. Thanks for sharing JohnG always great to have your input!
    1.6061 - stops ahead - John`s deadline for longs is today is suppouse - I mean either long now for 1.63+ or long mid next week to be reversed short fri-mon (<1.63)
    Last edited by fazi; 05-11-2012 at 02:44 PM.

  5. #23105
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    Quote Originally Posted by Gregory McLeod View Post
    I like a long too, but I think we may get a flushing out of weak GBP/USD longs before a push higher. Thanks for sharing JohnG always great to have your input!
    Hi Greg

    I'm half expecting a final whip down, but I think it will be short lived as there is a major trendline just below 1.600 also a fib area so looking to add on the drop.

    AUDUSD also approaching a major trendline from May 2010 about 60 pips below current market value.

    Any bounce on AUDUSD will take GBPAUD down due to the cross multiplier.

  6. #23106
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    Since there are a few Delta guys here, so I feel it more appropriate to post some vodoos here, and not on the Euro thread frightening all the innocents over there.

    This weekend it's 121 days from 13/1/2012, 61 days from 12/3/2012, and multiple aspects forming with Sun and with Jupiter, plus Sun/Jupiter conjunction. And more stuff going on on 23/5/2012, and on 5/6/2012.

    Have a nice weekend all.

  7. #23107
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    Quote Originally Posted by JohnG_FX View Post
    Hi Greg

    I'm half expecting a final whip down, but I think it will be short lived as there is a major trendline just below 1.600 also a fib area so looking to add on the drop.

    AUDUSD also approaching a major trendline from May 2010 about 60 pips below current market value.

    Any bounce on AUDUSD will take GBPAUD down due to the cross multiplier.

    John - is your ITD1 due today?

    I noticed 1.63 is the highest value for may the 19th options - down from 1.64 quoted yesterday - what do you think about it - is the market above unprotected? Or do the option players see 1.63 as a top of the range?

    Patryk

  8. #23108
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    Quote Originally Posted by Franosh View Post
    Since there are a few Delta guys here, so I feel it more appropriate to post some vodoos here, and not on the Euro thread frightening all the innocents over there.

    This weekend it's 121 days from 13/1/2012, 61 days from 12/3/2012, and multiple aspects forming with Sun and with Jupiter, plus Sun/Jupiter conjunction. And more stuff going on on 23/5/2012, and on 5/6/2012.

    Have a nice weekend all.
    I have been thinking about the recent (2years) counts " being out of sync." - perhaps the algos just dont care/are not influenced by voodoo - they do certainly like time and price geometry

    have nice weekend too.
    P

  9. #23109
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    Quote Originally Posted by fazi View Post
    John - is your ITD1 due today?

    I noticed 1.63 is the highest value for may the 19th options - down from 1.64 quoted yesterday - what do you think about it - is the market above unprotected? Or do the option players see 1.63 as a top of the range?

    Patryk
    Hi Patryk

    Yes ITD1 low due today.

    This afternoon I could get calls with a 1.64 strike expiring next week on my platform - they are dirt cheap for sure as after this drop not many people expect it to get that high in a week.

  10. #23110
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    Quote Originally Posted by fazi View Post
    I have been thinking about the recent (2years) counts " being out of sync." - perhaps the algos just dont care/are not influenced by voodoo - they do certainly like time and price geometry

    have nice weekend too.
    P
    I think the inherent weakness of Delta counts is that it's based on almost the smallest cycle influences in the solar system. For cycles, there are larger and much more significant and important cycle forces at work. And that's why Delta is such a hit and miss system. But then no cycle studies are simple and straightforward either.

  11. #23111
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    Quote Originally Posted by JohnG_FX View Post
    Hi Patryk

    Yes ITD1 low due today.

    This afternoon I could get calls with a 1.64 strike expiring next week on my platform - they are dirt cheap for sure as after this drop not many people expect it to get that high in a week.
    thank you John - for what is worth Geppy had its ITD12 2 days early ( you made some adjustments so I`m not sure how it looks on your charts) which would suggest a late ITD1

    have a good weekend

    Patryk

  12. #23112
    Howdyy is offline Member
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    FXCM SSI flipped net long on gbpusd. Bad news for bulls. Don't let it get away from you if you are long.

  13. #23113
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    Quote Originally Posted by JohnG_FX View Post
    Holding longs GBPUSD , and shorts on GBPAUD

    i also holding LONG GBPUSD EURUSD USDJPY GBPJPY AUDUSD.But my short for GBPUSD still holding too

  14. #23114
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    Cool

    Cable
    The BEARS are riding the BULLS with whips out & spurs in.
    On the longer time frames the mighty US$$ appears to finally be in command.
    I now have grave doubts of any more Northerly excursions for Cable. I do have a target to the North, but I have no confidence in it eventuating. Targets to the South should Cable continue past 1.5900 are in the 1.5400 area. This is a Weekly chart, so lotsa ups n downs on the way to the targets as smaller charts will confirm. Next week 1.6050 is a shoe in, with 1.5940 the end of week target.....
    Never rush a trade. Make haste slowly.

  15. #23115
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    Up The Down

    Quote Originally Posted by JohnG_FX View Post
    Holding longs GBPUSD , and shorts on GBPAUD
    This would be a recipe for a long AUD/USD. The EW count looks mid term bearish for aussie, but the daily trendline at 9975, looks to be supportive short term for a bounce back up to the 1.0225 area before the next major move down towards .9860

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