ELEMENTS British Pound (EGB)
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EGB Forum Topics
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- General Discussion on EGB
- BoE Calls for Big Rate Cuts; Pound Could Suffer More [view article]
- Hedge Fund Manager's Notebook: Why the Euro is Tanking, MGM's Folly, and an Attractive Farming Stock [view article]
- Three Charts To Ponder: Oil Services, Oil, and the Pound [view article]
- Good News / Bad News for the Dollar [view article]
- Pound Hits Two-Year Low vs. Dollar: U.K. Economy Stagnant [view article]
- Currency ETFs and ETNs [view article]
- Pound Sterling Falls On Hard Times [view article]
- Euro Slumps to Five Month Low Against the Dollar [view article]
- The FX Market is Growing Worldwide [view article]
- 3 Currencies to Think About Shorting [view article]
- Finding Your Comfort Zone with Currency Investing [view article]
- Time To Short the British Pound? [view article]
loading ...Recent EGB Articles
- British Pound: Largest Monthly Fall Since 1992
- BoE Calls for Big Rate Cuts; Pound Could Suffer More
- A Pause in the Dollar's Rebound Creates Currency Options Volatility
- Hedge Fund Manager's Notebook: Why the Euro is Tanking, MGM's Folly, and an Attractive Farming Stock
- ETF Update: Chiile, Dollar and Currencies, Transportation
- Three Charts To Ponder: Oil Services, Oil, and the Pound
- Pound Hits Two-Year Low vs. Dollar: U.K. Economy Stagnant
- Good News / Bad News for the Dollar
- Bond Expert: Friday Outlook
- Pound Sterling Falls On Hard Times
- Full List of Articles »
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BoE Calls for Big Rate Cuts; Pound Could Suffer More [view article]
NOW, the richest dollar man in F.i.a.t. world is.....a paper boy from....Zimbabwe
Making 800 trillion million a week
Reply
BoE Calls for Big Rate Cuts; Pound Could Suffer More [view article]
The pound bubble has bursted ReplyHedge Fund Manager's Notebook: Why the Euro is Tanking, MGM's Folly, and an Attractive Farming Stock [view article]
This was a poorly written article. It was written without much research. ReplyThree Charts To Ponder: Oil Services, Oil, and the Pound [view article]
highmax:Yes, thats why most Chartists use Parallel lines to emphasize the channel of a given Chart, if one exists. Breaking out of that channel, either direction is significant. Another useful application is the use of the Bollinger Band which is often used as a substitute when a Clear Channel isn't established.
I go to BIGCHARTS.com and utilize Bollinger, Volume, MACD and Cash Flow on a normal everyday basis. If I want to play games with the pretty pictures, I will print the chart and start drawing. Elliot Wave, Gann, Fibbonaci are all more advanced but the simplest is Fib.
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Three Charts To Ponder: Oil Services, Oil, and the Pound [view article]
Anyone who cares to pay attention would know the housing slump has seemingly reached British shores now and thus a slump in the pound is an expected outcome. Therefore acting on this chart which was wisely included IMO is probably a prudent course of action at the present time. A trendline drawn along tops indicates resistance, yes? ReplyThree Charts To Ponder: Oil Services, Oil, and the Pound [view article]
I made my call on the CRB 2 weeks ago, On oil, about 3 1/2 weeks ago. Look it up. ReplyThree Charts To Ponder: Oil Services, Oil, and the Pound [view article]
Oh, leh, why don't you have your options trader take a look at the Charts posted here so he can tell you his interpretation. Then you can come back with an explanation which will derail not only mine but also "folly's" interpretation.Charts are used to attempt to divine the future from the past. Meanwhile Commodity traders are more likely to use Fibbonaci and MACD rather than charts for short term fluctuations. There are no fixed relationships otherwise there would not be so many charting services.
I have been Charting since 1974, I've lost more options trades than I have won. Ask the options trader about his percentages. Not whether he is making money overall, just win/total percentage.
If you can't take the heat, stay out of the Kitchen. Reply
Three Charts To Ponder: Oil Services, Oil, and the Pound [view article]
Please tell me how I would be expected to know That the Pound is included only for show? The Charts are Useful, the trendlines and expectations therefrom are only in the "eye of the Person" drawing them and making inferences from them.If there is no reason to include the Pound, why include it? I called the CRB to hold 380 and oil $110-111 weeks ago. Using long term 40 year charts on the CRB and 5 year oil, Oil is an almost perfect Fib. retracement which was supported by a trendline connecting the tops of last 3 years and extending same into the present.
You don't like my comments, don't read them. Those people who write Articles just to attract the attention of people who agree with whatever is written, should only post them on their own Web Sites.
Take the Pound, just from the Chart provided, I would draw a line connecting the two tops shown and a Parallel line which ...gee, there is no breakdown. The Pound is still holding within an uptrend and now has 3 points of support.
Charts involve mechanical input but artistic interpretation. I am sorry if my mechanical input goes against your artistic interpretation.
Reply
ragmatist
Three Charts To Ponder: Oil Services, Oil, and the Pound [view article]
Charts, smartz! The only thing to consider is reality in the present. If the Dems get their hats handed to them in November, as they should, after two years of screwing up the economy and using blather and mindlessness as their tools, the Repubs must show they are, truly, dedicated to establishing energy independence for the nation by implementing their promise of Drilling Here, Drilling Now, and Paying Less. Then, oil prices will plunge below $70, as low as $50(?), and the chartists will have cornered the market on toilet paper.If there is any intelligence in the electorate, so shall it be. If not, there is no hope for this nation. But never fear, the chartists will show us the way to oblivion.
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Three Charts To Ponder: Oil Services, Oil, and the Pound [view article]
paultaut, if the information is not useful to you, then don't bother to read it... simple as that.and steve ward, the pound chart is uncorrelated to the oil charts. was just pointing out another technical breakdown that occurred. the 3 charts were just glances at the technical side of things... just so happens that the first 2 charts both had to do with oil in some capacity. Reply
Three Charts To Ponder: Oil Services, Oil, and the Pound [view article]
To paultaut: British Pound has been historically since 1974 a "petro currency". That maybe why they used it.however,the Pound is less and less a "petro currency" due to a declining North sea production base.So your point is well taken,the article does not explain the use or reasoning behind the Pound's inclusion here.
A better currency is the Canadian Dollar with a CadJpy ratio. The Canadian Loonie vs. the Japanese Yen. That would have been far more appropiate here. Reply
Three Charts To Ponder: Oil Services, Oil, and the Pound [view article]
PS I can't help but notice the absense of any trendline on the oil chart. Nor do I understand the relevance of using the Brit. Pound instead of the Euro. ReplyThree Charts To Ponder: Oil Services, Oil, and the Pound [view article]
Feel free to draw lines wherever they fulfill your predictions. And don't foget to only use the Time Frame required to allign them. ReplyGood News / Bad News for the Dollar [view article]
Agreed Balderdash. We're playing with fire by diluting our currency when we are completely and utterly dependent on foreign debt purchases. FXA, FXE, or DBX anyone? Replyng
Pound Hits Two-Year Low vs. Dollar: U.K. Economy Stagnant [view article]
the US dollar is up against the Swiss franc! that is funny! Reply