Posts Tagged ‘GBPUSD’
GBPUSD Collapse on Inv HVF?
Hi,
I believed we have already been triggered short on a fall in cable from current levels to 1.22 on a weekly chart.
Opportunities to get short higher than the trigger level as well as possible 2nd chances may present themselves.
3100 pip move to 1.22's in relatively short succession...
video here:
Happy new year to you all.
Francis
AUDUSD Trades – HVF Profit Taken 1:8 Risk to reward
Hi,
Profit takes on AUDUSD. Plusw charts on AUDUSD and GBPUSD
Trade confirmation
On 25-Oct-2011 at 08:00:01 (GMT)
You sold 100,000 AUDUSD @ 1.04826 for value date 27-Oct-2011
Trade confirmation
On 24-Oct-2011 at 17:12:28 (GMT)
You sold XXX AUDUSD @ 1.04810 for value date 26-Oct-2011 commission 10 USD
Trade confirmation
On 24-Oct-2011 at 17:12:28 (GMT)
You sold XXX AUDUSD @ 1.04810 for value date 26-Oct-2011 commission 10 USD
AUDUSD closed at Target
Zoomed in to capture Primary VF and Primer HVF (in The Funnel).
Smaller Primer HVF Pattern tightens around Larger Primary Larger Patterns Axis..
Cable Pattern…
Pounds HVF meets Target
Hope premium members enjoyed that.
TMS
Dollar weakness or strength GBPUSD/Crude?
Hello FrancisOn October you said that GBPUSD is heading via an inverse HVF to 1.26839.
Overlay the weekly GBPUSD chart with the weekly CLC1 chart you published today. You will see they are similar, with peaks and troughs at the same time. A high degree of correlation.
The main differences are that GBPUSD dropped more in March 2010 and CLC1 rose more in April 2011. However, they are both correlated with higher highs and lower lows in the same place. See chart.
How can it be therefore that GBPUSD will go down and CLC1 will go up?
Thanks
Rob
PS Rob also attached a chart which is great to see!Here it is below.My Answer:Hi Rob,
The Inv HVF has not been triggered, the pattern can still break to the upside. The pattern is only deemed ‘confirmed’ on a high momentum break of a RL3/RH3..The key element is the Dollar and it is likely that if $ weakens both the GBP & Crude will move in the same direction… but if fear returns and deflation worries return over ‘Risk on’ then they both could be down.I am more of an inflationist so long run expect both Oil and GBP up… however during recent $ strength it was worth highlighting if a downside break where GBPUSD may end up.Great question incidentally and will post it assuming you don’t mind, as others will wonder about the correlations.RegardsFrancis
Long term Pound?
Hi,
Looking at LONG TERM CABLE..
Weak Pound to 'strong' $
Zoomed in, Note how we have now made a 50% retracement from the RH2 point and are now getting some basing price behaviour with hammers etc..
This will be an acceptable RL2 level for a complete Inv HVF..
chart below.
RL3 in at 50% fib ?
GBPJPY 30 min HVF
HVF upside
US Housing..The Bleed continues..
Hi,
An amazing 27% of Mortgaged Housing stock is now under water.
What this means is that the US will continue to try save their banking system..which implies $ devaluation in the long run.. to reduce ‘real value’ of Housing and treasury indebtedness.
This is why I am reluctant to trade Current $ strength, without very clear patterns and defined targets. Although in the case of the Rand, ZAR maybe weaker still given an extended period of stability yet with higher inflation….
here is a short commentary from EWI.. on US Housing below :-
According to the most recent quarterly real estate market survey from Zillow.com, the percentage of U.S. homes UNDERWATER — i.e., those whose market values are below what’s owed on them — soared from 20% in August 2010 to 27% today. On top of that, home prices continue to decline while foreclosure rates rose to a new, all-time record high. (February 10, 2011 Associated Press)
“The US housing market is dying,” says Business Insider. “As statistic after statistic continues to roll in, the reality of what is happening is becoming very difficult to deny.”
Also increasingly difficult to deny is the fact that so many mainstream observers and officials were as blindsided by the housing collapse as your average homeowner. It’s time to “short” the economists, suggested one business blogger recently: “The vast majority of these same ‘experts’ completely missed the $8 Trillion housing bubble in the United States.” (Truthdig)
Regards
TMS
GBPUSD stall back
Hi,
Has Cables pop about to run its course.
A stall awaits certainly Short term?
Cable to stall back soon?
Illustrated although a small overrun on target likely before weakness.
Stall..?
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