Cable Update (GBPUSD)

This is a 10 year chart - ( Weekly Bars)

Gbp/Usd
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-If you believe that oil is going to $100 a barrel then the
British Pound should push its through this upper blue resistance line

Price Action is in a massive Rising Channel Formation !

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5 CLEAR WAVES IN PROGRESS
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Click on chart to enlarge :

i only got the short. i was also thinking of going long, but i had to leave early yesterday and didn't open any more positions.

WAR, WAR and WAR

We must bomb Iran


War against Egypt in the winter

I have no clue what is comming next. I thought it would have broke to the top of this channel its in at the end of last week. Now I am beginning to wonder.

I have the yellow target box at the 161.8% and the top major trend line. But the pattern could just as easily run and bounce off the bottom major trend line before hitting the top again.

So trailed a s/l just under the channel.

I don't usually trade gbp$ but took this entry because it was just too good to pass up.

Dave

Sad world. Why can't people just shut the hell up about other non-threatening countries that are tens of thousands of miles away from them and get on with their own lives? Why can't we tend to our own collapsing economies and dwindling interest in science and human advancement? It's staggering to have so many ignorant, bored, hateful morons leading our civilized governments. They don't care abut the fact that the scientific edge the western world has had is now in danger, with phenomenal numbers of graduate students and resarchers being international (imported) scholars. Our kids are not interested in knowledge anymore, they're interested in going to bars to get picked up by strangers. Our homes and belongings are bought on money we don't -and cannot - own. Our relationships with our own families are disasterous - leading politicians are going into campaigns without their children's support. Our relationship with the world (due to the amount of death we have caused) is not exactly great. We are hated by everyone, even our allies. Our own democracy and free way of life, which we supposedly fight for, is being slowly eroded by nanny-state policies and violations of our constitutional rights.

So why can't we just worry about ourselves for a few years, eh?


Why do we worry about the POSSIBILITY of others obtaining military power that is a tiny fraction of our own? Israel can demolish Iran in seconds with the hundreds of nukes we gave them, and we are worried that Iran MIGHT get advanced enough to "pose a threat"? People are so fucking stupid.

/rant

Believe what you want to believe.

I doubt Bush will do anything to Iran or the Jews to Egypt.

One of the problems of this country is also one of its strengths. A free press - free to print the truth (when they dig down far enough to get it) and free to print all kinds of rumors.

I doubt it too - there's no way another war will go down - but the fear they are spreading and the "emergency atmosphere" is what allows them to violate our rights and police-state our societies with the justification of our "security". Their violations are very real. Our network packets are being logged and our conversations with our wives tapped. We have a right to be very mad.

Can't blame them..

>> The average age of the military man is 19 years. He is a short
>> haired, tight-muscled kid who, under normal circumstances is considered
>> by society as half man, half boy Not yet dry behind the ears, not old
>> enough to buy a beer, but old enough to die for his country. He never
>> really cared much for work and he would rather wax his own car than wash
>> his father's; but he has never collected unemployment either.
>>
>>
>> He's a recent High School graduate; he was probably an average
>> student, pursued some form of sport activities, drives a ten year old
>> jalopy, and has a steady girlfriend that either broke up with him when he
>> left, or swears to be waiting when he returns from half a world away. He
>> listens to rock and roll or hip-hop or rap or jazz or swing and 155mm
>> howitzer. He is 10 or 15 pounds lighter now than when he was at home
>> because he is working or fighting from before dawn to well after dusk. He
>> has trouble spelling, thus letter writing is a pain for him, but he can
>> field strip a rifle in 30 seconds and reassemble it in less time in the
>> dark. He can recite to you the nomenclature of a machine gun or grenade
>> launcher and use either one effectively if he must.
>> He digs foxholes and latrines and can apply first aid like a
>> professional.
>> He can march until he is told to stop or stop until he is told
>> to march.
>>
>>
>>
>> He obeys orders instantly and without hesitation, but he is
>> not without spirit or individual dignity. He is self-sufficient.
>> He has two sets of fatigues: he washes one and wears the
>> other. He keeps his canteens full and his feet dry.
>> He sometimes forgets to brush his teeth, but never to clean
>> his rifle. He can cook his own meals, mend his own clothes, and fix his
>> own hurts.
>> If you're thirsty, he'll share his water with you; if you are
>> hungry, his food.
>> He'll even split his ammunition with you in the midst of
>> battle when you run low.
>>
>> He has learned to use his hands like weapons and weapons like
>> they were his hands.
>> He can save your life - or take it, because that is his job.
>> He will often do twice the work of a civilian, draw half the
>> pay and still find ironic humor in it all.
>> He has seen more suffering
>> and death than he should have in his short lifetime.
>>
>>
>> He has stood atop mountains of dead bodies, and helped to
>> create them.
>> He has wept in public and in private, for friends who have
>> fallen in combat and is unashamed.
>> He feels every note of the National Anthem vibrate through his
>> body while at rigid attention, while tempering the burning desire to
>> 'square-away' those around him who haven't bothered to stand, remove
>> their hat, or even stop talking.
>> In an odd twist, day in and day out, far from home, he defends
>> their right to be disrespectful.
>> Just as did his Father, Grandfather, and Great-grandfather, he
>> is paying the price for our freedom. Beardless or not, he is not a boy.
>> He is the American Fighting Man that has kept this a country free for
>> over 200 years.
>>
>> He has asked nothing in return, except our friendship and
>> understanding. Remember him, always, for he has earned our respect and
>> admiration with his blood.
>> And now we even have women over there in danger, doing their
>> part in this tradition of going to War when our nation calls us to do so.
>> As you go to bed tonight, remember this shot..
>> A short lull, a little shade and a picture of loved ones in
>> their helmets.
>> Prayer wheel for our military... please don't break it. Please
>> send this on after a short prayer.
>> Prayer Wheel
>> "Lord, hold our troops in your loving hands. Protect them as
>> they protect us. Bless them and their families for the selfless acts they
>> perform for us in our time of need. Amen."

Do You Remember When...?All the girls had ugly gym uniforms?It took five minutes for the TV warm up?Nearly everyone's Mom was at home when the kids got home from school?Nobody owned a purebred dog?When a quarter was a decent allowance?You'd reach into a muddy gutter for a penny?Your Mom wore nylons that came in two pieces?All your male teachers wore neckties and female teachers had their hair done every day and wore high heels?You got your windshield cleaned, oil checked, and gas pumped, without asking, all for free, every time?And you didn't pay for air? And, you got trading stamps to boot?

Laundry detergent had free glasses, dishes or towels hidden inside the box?
It was considered a great privilege to be taken out to dinnerat a real restaurant with your parents?They threatened to keep kids back a grade if they failed. .. and they did?When a 57 Chevy was everyone's dream car...to cruise,peel out, lay rubber or watch submarine races, and people went steady?No one ever asked where the car keys werebecause they were always in the car,in the ignition, and the doors were never locked?Lying on your back in the grass with your friendsand saying things like, "That cloud looks like a "and playing baseball with no adults to help kids with the rules of the game?Stuff from the store came without safety caps and hermetic seals because no one had yet tried to poison a perfect stranger?And with all our progress, don't you just wish, just once,you could slip back in time and savor the slower pace,and share it with the children of today?When being sent to the principal's office was nothingcompared to the fate that awaited the student at home?Basically we were in fear for our lives,but it wasn't because of drive-by shootings, drugs, gangs, etc.Our parents and grandparents were a much bigger threat!But we survived because their love was greater than the threat.Send this on to someone who can still rememberNancy Drew, the Hardy Boys, Laurel and Hardy,Howdy Doody and the Peanut Gallery,the Lone Ranger, The Shadow Knows,Nellie Bell , Roy and Dale, Trigger and Buttermilk.As well as summers filled with bike rides, baseball games,Hula Hoops, bowling and visits to the pool,and eating Kool-Aid powder with sugar.Didn't that feel good, just to go back and say, "Yeah, I remember that"?Remember that the perfect age is somewhere betweenold enough to know better and too young to care.How many of these do you remember?Candy cigarettesWax Coke-shaped bottles with colored sugar water insideSoda pop machines that dispensed glass bottlesCoffee shops with tableside jukeboxes
Blackjack, Clove and Teaberry chewing gum
Home milk delivery in glass bottles with cardboard stoppersNewsreels before the movieP.F. FliersTelephone numbers with a word prefix...(Raymond 4-601).Party linesPeashootersHowdy DowdyHi-Fi's45 RPM records78RPM records!Green StampsMetal ice cubes trays with leversMimeograph paperBeanie and CecilRoller-skate keysCork pop gunsDrive insStudebakersWashtub wringersThe Fuller Brush ManReel-To-Reel tape recordersTinkertoysErector SetsThe Fort Apache Play SetLincoln Logs15 cent McDonald hamburgers5 cent packs of baseball cards -with that awful pink slab of bubble gumPenny candy25 cent a gallon gasolineJiffy Pop popcornDo you remember a time when...Decisions were made by going "eeny-meeny-miney-moe"?Mistakes were corrected by simply exclaiming, "Do Over!"?"Race issue" meant arguing about who ran the fastest?Catching the fireflies could happily occupy an entire evening?It wasn't odd to have two or three "Best Friends"?The worst thing you could catch from the opposite sex was "cooties"?Having a weapon in school meant being caught with a slingshot?Saturday morning cartoons weren't 30-minute commercials for action figures?"Oly-oly-oxen-free" made perfect sense?Spinning around, getting dizzy, and falling down was cause for giggles?The worst embarrassment was being picked last for a team?War was a card game?Baseball cards in the spokes transformed any bike into a motorcycle?Taking drugs meant orange-flavored chewable aspirin?Water balloons were the ultimate weapon?If you can remember most or all of these, then you have lived at the bestof time in the history of the United States.

so what does that have to do with cable?

about as much as anything else i've read here

It all means we should buy yen. I'm quite sure, just don't ask why

you are always one step ahead, ...not yet

HI all

Long or Short .... Cable now is 2.0549

Short the long, long the short.

Hi BullrOck

Do you mean Hedge

-50 ( impact is too big )
-25 ( price already in )
0 ( i chosed this) ............

catch the bird and fishing ............

This week will be Dollar's week!

No, deboooo2005, I was just joking. I have no idea what is going to happen. But I have the strong suspicion that we are going to see a stronger dollar this week. But I go with my systems. Whatever happens.