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Cable Update (GBPUSD)

  • #377,081
  • May 10, 2014 7:05am May 10, 2014 7:05am
w1 shooting star in prime location ,I fully expect space to remain round it ,
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #377,082
  • May 10, 2014 7:09am May 10, 2014 7:09am
daily has provided beauty , and a signigicante problem for bulls ,
Attached Image (click to enlarge)
Click to Enlarge Name: gbp USD d1 tower top 10 may (DFB).png Size: 31 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #377,083
  • May 10, 2014 7:13am May 10, 2014 7:13am
= sellers stepping in all the way ,weak trend,

Quoting JimmyC
GU Weekly {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #377,084
  • May 10, 2014 7:13am May 10, 2014 7:13am
GU - buy on dips.
  • #377,085
  • May 10, 2014 7:16am May 10, 2014 7:16am
Low interest rates and government-sponsored schemes have fuelled a strong recovery in the housing market since a slump during the 2008-2009 financial crisis, with a shortage in the supply of new homes adding to the price pressures.


http://uk.reuters.com/article/2014/0...0DO1PF20140509

do not underestimate power of government controlled property market.
  • #377,086
  • May 10, 2014 7:21am May 10, 2014 7:21am
gov fuelled property price seems like a big problem to me ,

Quoting seaman2
Low interest rates and government-sponsored schemes have fuelled a strong recovery in the housing market since a slump during the 2008-2009 financial crisis, with a shortage in the supply of new homes adding to the price pressures. http://uk.reuters.com/article/2014/0...0DO1PF20140509 do not underestimate power of government controlled property market.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #377,087
  • May 10, 2014 7:22am May 10, 2014 7:22am
2 month cable ,
Attached Image (click to enlarge)
Click to Enlarge Name: gbp USD 2 month 10 may , (DFB).png Size: 24 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #377,088
  • May 10, 2014 7:25am May 10, 2014 7:25am
Quoting seaman2
Low interest rates and government-sponsored schemes have fuelled a strong recovery in the housing market since a slump during the 2008-2009 financial crisis, with a shortage in the supply of new homes adding to the price pressures. http://uk.reuters.com/article/2014/0...0DO1PF20140509 do not underestimate power of government controlled property market.
I'm not a news guy seaman2 but that's a very interesting article. It would seem to coincide with what we're seeing on the charts in this trend.
Ghost Rider - WWTBMD?
  • #377,089
  • May 10, 2014 7:29am May 10, 2014 7:29am
lol fundamental views crack me up ,very few can foresee whats coming out the woodwork ,id say none on forums ,
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #377,090
  • May 10, 2014 7:39am May 10, 2014 7:39am
Quoting Bones
lol fundamental views crack me up ,very few can foresee whats coming out the woodwork ,id say none on forums ,
LOL... Well you know I'm not a fundamentalist. Not because I feel it doesn't apply but just because I don't fully understand and it's too much to try and digest for me. That's why I rely solely on the charts.

I won't speak to those "on these forums" but some can foresee very well using just plain common sense. If you missed my previous post about Marc Faber and Peter Schiff, take a look. I think they both "foresaw" things quite well and quite far in advance. So I'll never rule out fundamentals from some. History is never wrong and doesn't lie.


Quoting albchr
Pip Anon wrote a nice little reply in this news article below. He also provided a nice You tube link about Peter Schiff and what he was saying in 2005, 2006 and 2007 right before the 2008 crash. Like him, many of us who were saying the same things were literally laughed at and viewed as conspiracy theorists. Well, history has a way of telling the truth nobody can deny. Is he, Marc Faber and folks like Pip Anon, me and others right about the dollar and the US economy now? I won't say but I will advise caution and paying attention to facts (the reality...
Ghost Rider - WWTBMD?
  • #377,091
  • May 10, 2014 7:42am May 10, 2014 7:42am
Quoting Bones
2 month cable , {image}
Sure looks bullish to me. I've never viewed a two month but??
Attached Image
Ghost Rider - WWTBMD?
  • #377,092
  • May 10, 2014 7:46am May 10, 2014 7:46am
what longer lower wicks by far than bullish bodies , now shooting star w1 ,bearish daily ,cable may be in an uptrend overall ,but now we must correct I'm not talking 100 pips

Quoting albchr
{quote} Sure looks bullish to me.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #377,093
  • May 10, 2014 7:48am May 10, 2014 7:48am
Quoting albchr
{quote} I'm not a news guy seaman2 but that's a very interesting article. It would seem to coincide with what we're seeing on the charts in this trend.
well, its not that hard. you may have noticed that property price rises coincide with currency rises.

logic is easy. property price rises cause expectations of interest rates up. and this causes currency up
  • #377,094
  • May 10, 2014 7:51am May 10, 2014 7:51am
I agree uk is built on property prices ,but even in your article ,gov has fuelled that ,now everyones worried ,
new rules on mortgages just come in ,makes things harder
but this is one issue of so many ,and lets not forget its not only uk you need to think about ,or risk aversion etc etc ,

Quoting seaman2
{quote} well, its not that hard. you may have noticed that property price rises coincide with currency rises.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #377,095
  • May 10, 2014 7:52am May 10, 2014 7:52am
Quoting seaman2
{quote} well, its not that hard. you may have noticed that property price rises coincide with currency rises. logic is easy. property price rises cause expectations of interest rates up. and this causes currency up
Actually... ... no I haven't but as I'm always trying to expand my knowledge in life, I'll pay closer attention to it going forward.
Ghost Rider - WWTBMD?
  • #377,096
  • May 10, 2014 7:53am May 10, 2014 7:53am
the fact that this is not achieved with thru market forces, but instead with government intervention/stimulus makes no difference. they try to make it look like it is for real
  • #377,097
  • May 10, 2014 7:56am May 10, 2014 7:56am
Quoting Bones
I agree uk is built on property prices ,but even in your article ,gov has fuelled that ,now everyones worried , new rules on mortgages just come in ,makes things harder but this is one issue of so many ,and lets not forget its not only uk you need to think about ,or risk aversion etc etc , {quote}
true but main topic in UK right now is PROPERTY. So this is what drives gbp right now. probably some of fresh Russian money parked in uk property right now
  • #377,098
  • May 10, 2014 7:57am May 10, 2014 7:57am
Quoting Bones
what longer lower wicks by far than bullish bodies , now shooting star w1 ,bearish daily ,cable may be in an uptrend overall ,but now we must correct I'm not talking 100 pips {quote}
Won't argue the correction. Been expecting it for some time at these levels as my posts will bear out. As is usual on these forums, folks are looking at different things. Some the overall trend (my posts today). Some what's happening "within" that trend (your posts today). Neither is right or wrong as it pertains to the other.
Ghost Rider - WWTBMD?
  • #377,099
  • May 10, 2014 8:01am May 10, 2014 8:01am
I suspect this will have an effect ,

http://www.bbc.co.uk/news/business-27132563

Quoting seaman2
{quote} true but main topic in UK right now is PROPERTY. So this is what drives gbp right now. probably some of fresh Russian money parked in uk property right now
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #377,100
  • May 10, 2014 8:03am May 10, 2014 8:03am
in fact tho I don't think about in trading I heard there was a scramble to beat these rules coming in which forced demand ,
On-site guru & also FF member's' psychiatrist, when not drinking tea
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