Cable Update (GBPUSD)

Quoting el_duende

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Muted response considering worse housing numbers than was expected. I would have thought it would have been more bullish (could still be bullish I maybe jumping the gun here 45 mins after event)

Theories why?

The market new before hand that housing was bad
Comments by Bernanke said housing will be bad but will have limited effect on markets
Alot of analysts believe this could be a bottom in housing
Yesterdays new housing sales was much better than expected.

Not just cable where this data hasnt had a big impact USD/CHF, USD/JPY GBP/JPY havent seen decent moves 'yet'.

Anyone else got a view on this housing data?

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Quoting Breeze

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..a break above 9890 is needed to confirm an advance north back twdrs 2.000 handle.

Breeze

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Quoting bravado

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i stand by my original analysis which i made 9 month ago and that is 9880.

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Quoting cesarnc

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I'm under de-FF-xication for a while, but I just can't help it.

No offense, This thread has become one of the most unbelievably deteriorated thoughout the thousands of threads in this forum.

"Free speech, exchange of ideas" as a pathway to "learning" as it is always said that "we are"... C'MON!!!!!. 200 pips down? 200 pips up? "I think it will"s??? You call this exchange of IDEAS? You call this LEARNING????

I've even read that today cable would be bullish AND bearish (?!?!??!?!) Bullish and bearish? Whatta hell is that supposed to mean? I can even imagine how would a CANDLE look in this case !!!

"Existing homes good we will see 9700"? 150 pips outta of THIS ANNOUNCEMENT??????

You gotta be freaking kidding YOURSELVES.

Any how, nice weekend to all...

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Quoting camisa

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I am not on this thread to learn

This thread serves like a kind of chat so people can share their views and just let go the stress of waiting for price to move and exchange some words related to cable trading

it's just for fun as people in this thread seem like a bunch of newbies that don't have a clue of what it means to get a system and trade it...

almost all post fact calls are false, namely the ones that result in great profit...

but it's fun anyway...

my trades today so far:

1 long +25 pips
1 short +12 pips
1 long at 9848 open

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Quoting pabloski

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I really understand you Cesar. You keep posting wise analyses, making great points to justify your decisions, using fundamentals really well, implicitly and explicitly teaching us a lot (me, at least). Definitively, you make a great effort to make rich and valuable posts... and what we find just below them? Posts saying: "So it will go up or down?", "Any tip for the pair today?", "Wow! Today I made +200 pips, caught the whole move!", "Im long, should I close my position?", "Its bullish, buy!", "The pair WILL go down sooner or later", "Buy @ 1.xxxx", "With this range, this pair must be kicked out from the major pairs list", "How far it will go?", "It dropped 50 pips! Run away!", etc. etc.......

Right now, I see little efforts to make smart posts and present good ideas here...

Yeah, we are learning a lot!...

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Quoting pino2

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I'm the one who said that with this range this pair to be kicked out from the major pairs list, if you took these words that I was talking seriuosly so this is your problem professor pabloski
This forum is for sharing, learning and teaching, so better than acting as a wise man who are saying wisdoms, if you have something usefull just share it, if not so noone is waiting for your brilliant wisdoms where insulting is hidden behind them

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Quoting pabloski

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Quoting your post is an insult? Of course not.
I never insulted anyone. Accept my opinion, if it was for your offense, Im sorry. But dont say my posts hide insults, thats not true. Ive never been unrespectful. Thank you.

By the way, Im a student not a professor.

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Quoting pabloski

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"So it will go up or down?", "Any tip for the pair today?", "Wow! Today I made +200 pips, caught the whole move!", "Im long, should I close my position?", "Its bullish, buy!", "The pair WILL go down sooner or later", "Buy @ 1.xxxx", "With this range, this pair must be kicked out from the major pairs list", "How far it will go?", "It dropped 50 pips! Run away!", etc. etc.......

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Quoting pino2

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It's ok, with all my respect, thank you

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Quoting pabloski

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Now lets trade!

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Quoting bravado

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let me guess. you own a mac. how can you surf anything with a single button and no scroll wheel on your mouse. i feel your frustration.

personally, i love these posts. keep on posting.

if they are super rediculous, which i don't find many to be. skip it.

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Quoting pabloski

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http://forexfactory.com/showpost.php...ostcount=13608

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Quote

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The housing market in Britain is up to 65% overvalued and needs further interest rate rises to halt the surge…
The Organisation for Economic Co-operation and Development (OECD) revealed that UK property prices are among the most stretched of any major world economy, reports The Daily Mail.
At the same time, finance experts warned that the Bank of England could increase interest rates to 6% before the end of the year.
The prospect will alarm homebuyers who are already struggling to meet their monthly mortgage payments after four hikes since last August. Annual payments on an average £150,000 mortgage are already £1,200 higher than this time last year.
The Paris-based OECD said it was worried about the valuations of homes in a range of countries following a world-wide boom. It said a slowdown is long overdue and that a property crash cannot be ruled out.
Among the G7 club of rich nations, only Canadian properties are more over- stretched than the UK's levels.
Major slump may have ‘far worse’ consequences
If interest rates are not raised to slow down the economy, a major slump may do the same job - but with far worse consequences.
The OECD's report said: 'Some slackening in the pace of housing investment is likely in many OECD countries, and that may contribute to a cooling down of some fast-growing economies.
'There is always a risk, nonetheless, that it takes the form of a pronounced slump with, possibly, substantial knock-on effects to activity in the rest of the economy.'
The research in the OECD's biannual Economic Outlook compared the price of the average house with annual rental incomes.
The measure is widely used by experts because if houses do not generate enough rent, then landlords will be willing to pay less for property, pulling down prices.
Good explanations for decade-long boom
This indicator in Britain is now 65% above its historic average since 1970. An alternative-measure compares house prices with average annual incomes. This shows that UK prices are 45% higher than their long-term average, the OECD reported.
Ed Stansfield of research organisation Capital Economics said there are good explanations for Britain's decade-long house price surge, including lower borrowing costs and a shortage of new property on the market.
His own calculations suggest that the market is at least 15 to 20% overvalued. 'We are in for a very, very subdued picture in term of house-price inflation and housing market activity,' he said.

Quoting bravado

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sure. just tell me where the cable is headed next week!

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Quoting cesarnc

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2.01 or my name is Condolezza Rice

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Quoting chrisl

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An interesting take on interest rate rises in order to stem house price rises

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Quoting cesarnc

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I know a couple of remote beaches in Brazil, no TV, no internet, no phone, tons of caipirinha...

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