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Cable Update (GBPUSD)

  • #138,661
  • Jun 20, 2009 5:59pm Jun 20, 2009 5:59pm
Quoting JhonMonsalve
Hehe Captain Sycho, I'm agree with you, take a look at this daily chart on GBPLFX, I see an interesting double top, time to short the pound at least until 2.92, against the $ and yen

Attachment

Jhon
....HOLLA
CAPTAIN Sycho..
Imanuel Parsifal
  • #138,662
  • Jun 20, 2009 9:46pm Jun 20, 2009 9:46pm
Still mulling over to wear shorts or long...pants comes monday. Cannot wear both though.
Great Bodies are Engineered not Born
  • #138,663
  • Jun 20, 2009 9:58pm Jun 20, 2009 9:58pm
This the picture as it stands...... 1.6600/20 is the last frontier for Bears, break that and Bulls will be full steam ahead. I'm currently holding 3 positions long on GBP, EUR & CHF form Friday session. I will observe price action closely @ 1.6600 and might reverse short if it does not break, however reversing my short will only be to the trend line for Long again. Ultimately trend is up in the longer term.
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Veni, Vidi, Vici (We came, we saw, we conquered)
  • #138,664
  • Jun 21, 2009 7:17am Jun 21, 2009 7:17am
Pastor's Ass


The pastor entered his donkey in a race and it won.

The pastor was so pleased with the donkey that he entered it in the race again, and it won again.

The local paper read:

PASTOR'S ASS OUT FRONT.

The Bishop was so upset with this kind of publicity that he ordered the pastor not to enter the donkey in another race.

The next day, the local paper headline read:

BISHOP SCRATCHES PASTOR'S ASS.

This was too much for the bishop, so he ordered the pastor to get rid of the donkey.

The pastor decided to give it to a nun in a nearby convent.

The local paper, hearing of the news, posted the following headline the next day:

NUN HAS BEST ASS IN TOWN.

The bishop fainted.

He informed the nun that she would have to get rid of the donkey, so she sold it to a farmer for $10.

The next day the paper read:

NUN SELLS ASS FOR $10.

This was too much for the bishop, so he ordered the nun to buy back the donkey and lead it to the plains where it could run wild.

The next day the headline read:

NUN ANNOUNCES HER ASS IS WILD AND FREE.

The bishop was buried the next day.

The moral of the story is ....

Being concerned about public opinion can bring you much grief and misery.
It could even shorten your life.
So be yourself and enjoy life.

Stop worrying about everyone else's ass and you'll be a lot happier and live longer!

Have a great day!
  • #138,665
  • Jun 21, 2009 9:16am Jun 21, 2009 9:16am
Quoting forexlion
[font=Arial][size=2]Pastor's Ass


The pastor...
What will the headline be if we feed the donkey to the lion?
Great Bodies are Engineered not Born
  • #138,666
  • Jun 21, 2009 10:49am Jun 21, 2009 10:49am
Quoting JhonMonsalve
Hehe Captain Sycho, I'm agree with you, take a look at this daily chart on GBPLFX, I see an interesting double top, time to short the pound at least until 2.92, against the $ and yen

Attachment

Jhon
What is the GBPLFX???
  • #138,667
  • Jun 21, 2009 11:05am Jun 21, 2009 11:05am
Quoting richladyfx
what will the headline be if we feed the donkey to the lion?
nuns ass tastes lovely???
  • #138,668
  • Jun 21, 2009 11:19am Jun 21, 2009 11:19am
Quoting jack.canadia
What is the GBPLFX???
hi Jack
its basicaly meaurese the strength/weakness of a Currency against a basket of other currencies
go to the links and explantion here

http://www.forexfactory.com/showpost...61&postcount=1

baz
  • #138,669
  • Jun 21, 2009 11:23am Jun 21, 2009 11:23am
Some analysts speculate that oil may hit usd 80 in a week or two. What does this mean to us? A weaker greenback?
Great Bodies are Engineered not Born
  • #138,670
  • Jun 21, 2009 12:12pm Jun 21, 2009 12:12pm
Morning Everybody!!
Any inside new's/Data on Cable ??
Cable was closed at 1.6494 on my terminal. seem likes Cable Still strong as on 4H,1H chart still in uptrend.

Could it moving further north.to reach FE100.0 ( 1.9590 ) Wth in asia market?? and further north in UK market to FE 161.8 ( 1.6735 ) ??

still not to late to wish all the fathers out theare "happy fathers day" may god bless u all. Happy trading dad!
  • #138,671
  • Jun 21, 2009 12:15pm Jun 21, 2009 12:15pm
Quoting RichLadyFX
Some analysts speculate that oil may hit usd 80 in a week or two. What does this mean to us? A weaker greenback?
means sell oil
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #138,672
  • Jun 21, 2009 12:16pm Jun 21, 2009 12:16pm
Quoting RichLadyFX
Some analysts speculate that oil may hit usd 80 in a week or two. What does this mean to us? A weaker greenback?
I'm just keeping a closer eye on the aud/usd and usd/cad (commodity pairs).
  • #138,673
  • Jun 21, 2009 12:19pm Jun 21, 2009 12:19pm
Quoting djambazov84
means sell oil
True-- look what happened last year to oil in July... I should look and see what USO is at these days... I stopped stock trading about 7 mos ago to concentrate on currencies...
  • #138,674
  • Jun 21, 2009 12:25pm Jun 21, 2009 12:25pm
Quoting LuckyRoost
True-- look what happened last year to oil in July... I should look and see what USO is at these days... I stopped stock trading about 7 mos ago to concentrate on currencies...
looks like on daily it made a big bearish engulfing candle, i`d sell on a break of that candle currently hugging the 38 handle all the way till 34 where i can see some decent support might come into play


check stockcharts.com
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #138,675
  • Jun 21, 2009 12:31pm Jun 21, 2009 12:31pm
Quoting djambazov84
means sell oil
ya i agree .. usually means a shift in sentiment for the time being.
  • #138,676
  • Edited 4:46pm Jun 21, 2009 4:34pm | Edited 4:46pm
I wish everyone a very happy trading week let bygones be bygones...
Lets makes some pips together...

As per current situation ...
These are the 2 trades I am looking at...

Long at 1.6465 with a target of 30 pips
Short at 1.6560 with a target of 30 pips

Stop for both these trades =20 pips..

Lets see how these playout

Good Luck



GeppyG
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Let Price determine your future!
  • #138,677
  • Jun 21, 2009 5:02pm Jun 21, 2009 5:02pm
Quoting Geppyg
I wish everyone a very happy trading week let bygones be bygones...
Lets makes some pips together...

As per current situation ...
These are the 2 trades I am looking at...

Long at 1.6465 with a target of 30 pips
Short at 1.6560 with a target of 30 pips

Stop for both these trades =20 pips..

Lets see how these playout

Good Luck

go down...

GeppyG
my idea was 1,69 -70 after triangle break this week,your idea is ok,but g.brown maybe will be out next week....and pound can she go down!!!
  • #138,678
  • Jun 21, 2009 5:11pm Jun 21, 2009 5:11pm
Quoting Geppyg
I wish everyone a very happy trading week let bygones be bygones...
Lets makes some pips together...

As per current situation ...
These are the 2 trades I am looking at...

Long at 1.6465 with a target of 30 pips
Short at 1.6560 with a target of 30 pips

Stop for both these trades =20 pips..

Lets see how these playout

Good Luck



GeppyG
nice signature bro i like it ..and may be we will see 53xx this week or may be next week coz i heared news that brown can give resign anytime he is very disappointed so i think it can be big move again lol let see but i wish to see 53xx and hopeful this week market will be down...and i do agree with you that market will touch 53xx and then can go to 1.8xx

thanks

Ub
  • #138,679
  • Jun 21, 2009 5:14pm Jun 21, 2009 5:14pm
why do traders wish price goes a certain direction before it has actually made that move!

trade what ever happens whether it is up or down, who cares, just trade what the market gives you!

Good luck!
  • #138,680
  • Jun 21, 2009 5:18pm Jun 21, 2009 5:18pm
technically will be cable go to 1,70 very fast but fundament is very dangerous....
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Joshuaenya
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