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Cable Update (GBPUSD)

  • #137,021
  • Jun 14, 2009 10:51pm Jun 14, 2009 10:51pm
yes go short till 6330... (the support) 12th june.... if still goin down then next sipport is 6310 n 6200..... wish the best for you all.... all position is always correct, just when the timing you will out from market...
  • #137,022
  • Jun 14, 2009 10:51pm Jun 14, 2009 10:51pm
Quoting forexlion
sure

here you go sir
1.6224
Creating a two mountain leads to a bearish sign ? is that what u mean?
  • #137,023
  • Jun 14, 2009 10:54pm Jun 14, 2009 10:54pm
Quoting mloistianto
Creating a two mountain leads to a bearish sign ? is that what u mean?
if only they had pink points on top
  • #137,024
  • Jun 14, 2009 10:54pm Jun 14, 2009 10:54pm
Quoting forexlion
sir are you Bruce Lee's brother you are surely brave trading against the daily trend.
nop.. i'm teaching bruce lee.. teaching to fight trend line..
  • #137,025
  • Jun 14, 2009 10:57pm Jun 14, 2009 10:57pm
Quoting mloistianto
Creating a two mountain leads to a bearish sign ? is that what u mean?
in technical terms it symbolizes making the letter M

which in turn translates into 1.5911
  • #137,026
  • Jun 14, 2009 10:57pm Jun 14, 2009 10:57pm
Quoting mloistianto
Hmm... Enlighten me??
i think he's saying it looks like hooters...
  • #137,027
  • Jun 14, 2009 11:01pm Jun 14, 2009 11:01pm
Quoting forexlion
in technical terms it symbolizes making the letter M

which in turn translates into 1.5911
the first stop is obvious at last month high

Bruce Lee has a sister Chooce Lee

And Jakie Chan's sister is Cycle Chain
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  • #137,028
  • Jun 14, 2009 11:18pm Jun 14, 2009 11:18pm
Are u from india? if do.. u better learn with Salman Khan how to dance.. not to fight. adding long at 1.6327 with tight sl..
  • #137,029
  • Jun 14, 2009 11:22pm Jun 14, 2009 11:22pm
Quoting sidelli
Are u from india? if do.. u better learn with Salman Khan how to dance.. not to fight. adding long at 1.6327 with tight sl..
Good morning everyone. I think bears are in play today. Need to break 6330.

wormboy, are you in play?
  • #137,030
  • Jun 14, 2009 11:24pm Jun 14, 2009 11:24pm
Happy New Week to All Fellow Traders:

Cable broke its weeklong bullish channel on friday and is now consolidating the gains.
Attached Image
Hear the music before the song is over ...
  • #137,031
  • Jun 14, 2009 11:26pm Jun 14, 2009 11:26pm
Quoting sidelli
Are u from india? if do.. u better learn with Salman Khan how to dance.. not to fight. adding long at 1.6327 with tight sl..
Salman is known in India to drink and show off his body , not as a good dancer , by the way.

And adding longs here is wasting the potential to earn more profits shorting and spending longer time waiting for the markets to turn around and give you profits.

So its like planting a mango tree and waiting 12 years for fruits
  • #137,032
  • Jun 14, 2009 11:28pm Jun 14, 2009 11:28pm
Quoting sidelli
Are u from india? if do.. u better learn with Salman Khan how to dance.. not to fight. adding long at 1.6327 with tight sl..
Wow.. really no offense but i think forex lion might be right.. The trend is pretty much bearish with price action breaking the higher low just now... and cable still playing inside the medium bearish trend line.. plus double top and creating a lower high confirmed cable action.. i dont see any long setup for now.. just sharing..
  • #137,033
  • Jun 14, 2009 11:33pm Jun 14, 2009 11:33pm
Quoting mloistianto
Wow.. really no offense but i think forex lion might be right.. The trend is pretty much bearish with price action breaking the higher low just now... and cable still playing inside the medium bearish trend line.. plus double top and creating a lower high confirmed cable action.. i dont see any long setup for now.. just sharing..
instead of collecting quick money he is busy planting mango trees, let him

after all we can always throw stones and get them later
  • #137,034
  • Jun 14, 2009 11:35pm Jun 14, 2009 11:35pm
Quoting GlobalMacro
Happy New Week to All Fellow Traders:

Cable broke its weeklong bullish channel on friday and is now consolidating the gains.
Morning GM. Hope you had a good weekend.

What do you see as a good entry point for short from here?
  • #137,035
  • Jun 14, 2009 11:35pm Jun 14, 2009 11:35pm
Quoting wormboy
Hi 4cfx, the valid selling I had on the 4hourly is boxed in yellow where price had closed clear after the tl break, which was last week.
And since my 4 hour just closed, I can confirm I have the engulfing candle which you see. But, this late in the day of the week, I'm just not convinced. Let's see how the day close & on Monday if they continue selling where they left off.

Cheers
Hi guys. Hope everyone had a good break.
Seems like they've picked up where they left off on Friday & continue selling.
Good luck
Thank You
  • #137,036
  • Jun 14, 2009 11:44pm Jun 14, 2009 11:44pm
Quoting wormboy
Hi guys. Hope everyone had a good break.
Seems like they've picked up where they left off on Friday & continue selling.
Good luck
Solve the mystery first

I posted this

Quoting forexlion
in technical terms it symbolizes making the letter M

which in turn translates into 1.5911
And I do think it looks like M

But

Quoting smartalicus
i think he's saying it looks like hooters...
What exactly is it ??

Anyways jokes apart

if last month high breaks i will be looking forward to 1.5911
  • #137,037
  • Jun 14, 2009 11:46pm Jun 14, 2009 11:46pm
Quoting wormboy
Hi guys. Hope everyone had a good break.
Seems like they've picked up where they left off on Friday & continue selling.
Good luck
Morning wormboy. Hope you had a good weekend.

I'm looking for a good sell entry. Do you have one in mind? I'm thinking of a retrace back towards 64.
  • #137,038
  • Jun 14, 2009 11:51pm Jun 14, 2009 11:51pm
Quoting 4cfx
Morning GM. Hope you had a good weekend.

What do you see as a good entry point for short from here?
Thnx, you too. My feeling is, 4cfx, that we're gonna consolidate some from here, i.e. no major trend establishment. Price gonna consolidate on the edges of the range. After doing that we shall then see breakout (remember primary trend is still up).
Hear the music before the song is over ...
  • #137,039
  • Jun 14, 2009 11:57pm Jun 14, 2009 11:57pm
Quoting forexlion
Solve the mystery first

I posted this....
Hooters? bahahahhaa.
This was what I had put late last week: http://www.forexfactory.com/showpost...stcount=136988

And the sentiment stays the same for me this week, which in turns means that we are in agreement to your first target of 59xx my friend
Thank You
  • #137,040
  • Jun 15, 2009 12:08am Jun 15, 2009 12:08am
Quoting 4cfx
Morning wormboy. Hope you had a good weekend.

I'm looking for a good sell entry. Do you have one in mind? I'm thinking of a retrace back towards 64.
Afternoon mate. 64? I wouldn't look too far if I were you
If you remembered this chart from last week: http://www.forexfactory.com/showpost...postcount=1320

Notice how the rising ltl is providing the support? All hell will break loose once price close below that. And bulls will lose their shorts! Get it?

Good luck to you
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Thank You
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