Thread: All Trades for GBP/USD

BOE's Lomax just called for a pause in interest rate hikes. This is certainly pound negative.

BOE's Lomax: risk of higher pay growth may not materialize; Should Not raise rates as insurance against pay rises; may miss inflation target if rates are increased; rate increase may cause unnecessary volatility; no Persuasive evidence economy is overheating; Nevertheless no real signs of labor market pressure; medium-term inflation outlook has improved; odds have lengthened for inflation over 3%

Originally Posted by ;

BOE's Lomax: risk of greater pay growth might not materialize; mustn't raise rates as insurance against cover rises; might miss inflation target if rates are increased; rate growth might cause unnecessary volatility; no more persuasive evidence economy is overheating; nevertheless no actual indiions of labor market pressure; medium-term inflation forecast has increased; odds have lengthened for inflation over 3 percent

where did u get this info I am interested in seeing where you found this out would like to read it if possible?

http://news.efxnow.com/en/commentary/index.html

You could read her whole speech here: http://www.bankofengland.co.uk/publi...s/2006/131.htm

I agree with you guys, here are a few reasons fundamentally:
- lasting goods, aircraft orders are up, thats not great for gbp
- Saudi scandal, selling GBP
- attention on hold new news

Technically:
- take a peek at EURGBP daily, increasing of a descending traingle, we should observe real divergence from Euro from here, could be in beginning of 3rd wave, increasing rapidly to upper limit of bigger triangle and outside
- on GBPUSD daily, ascending triangles are typically ending moves, using a spike in the end occasionally. This is only a principle

I'm an Elliot guy, am in the wrong thread?

Anyhow, Fantastic luck

Mornig men and girls, it seems like this thread is going to be a conversation place, but thats not what I had in mind.

PLEASE, place just your entrys in here and your techniques. Ofcourse you'll be able to discuss these items, but just for trading.

SORRY if I´m facing some of you however if everybody is just discussion the possible course of GBP/USD, there you've CABLE UPDATE or some other threads.

THANKS TO ALL AND GOOD TRADING!!!!!!

Originally Posted by ;

Current Trade:
Entrance Short @ 1.9358
SL moved down from 1.9420 to 1.9410
Exit: Looking at 1.9190


Another GTC entry order
Entry Extended @ 1.9430
SL: 1.9375
TP gt; 1.9900 (Will closely watch the 1.9550 level for reversal.)

No Trailing stops set, but will proceed S/L to break even stage the moment I'm in a 50 pip profit.

What system did you use to understand where to enter

Originally Posted by ;

what method did you use to understand where to put in

I just use price action and essential resistance/support amounts to determine my trades. Had it busted the 1.9200 barrier slowly and steadily, I would have been highly bullish, but I think this movement was overdone, as it moved so much in just a couple of days. (and it was simply noise.) This might well end up being the last stage of the bullish fashion. And we could see the cable touch that the 1.8000 level since I had previously called.

I deleted my previous article, since this thread was created only to post trades. I apologize for all the irrelevant material I posted previously.

The pound may range between the 1.9180 1.9470 amounts for some time.

I´m short

Entry: 1.9460
TP: 1.9400
SL: 1.9500