nice chart buddy ..yep my long is over..aint looking good for the pound..i sold the mofo
have a good week bro!
Thank You 
- #2,281
- Aug 10, 2009 10:47pm Aug 10, 2009 10:47pm
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
- #2,282
- Aug 10, 2009 10:52pm Aug 10, 2009 10:52pm
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
Nice move down today, but I see trouble ahead with the daily trendline starting from 1.3500 currently at 1.6350. What's your take on that line Wormboy? Would you expect a bounce off it, to go up higher to gather more momemtum to break it?
Here's my chart that shows it, the bright red line near the bottom is the daily trendline.
That's where the major support for me is atm, the rising ltl. Break that & we'll continue further down, but I'm expecting a big fight at that level tbh
Here's the post :
http://www.forexfactory.com/showpost...stcount=156716
Thank You
- #2,283
- Aug 10, 2009 11:23pm Aug 10, 2009 11:23pm
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
Here's the followup chart to the link attached from the post above.
London could possibly push cable down to the 6350 level before a turnaround. That's actually what I'm counting on anyway - that being the reason my short position is still left open. Don't matter much if it does not materialise & shoot straight up from here since all gains are locked in, but really, when have they ever made it so easy for us ey? One more leg down before the uturn methinks.
Good luck
London could possibly push cable down to the 6350 level before a turnaround. That's actually what I'm counting on anyway - that being the reason my short position is still left open. Don't matter much if it does not materialise & shoot straight up from here since all gains are locked in, but really, when have they ever made it so easy for us ey? One more leg down before the uturn methinks.
Good luck
Thank You
- #2,284
- Aug 10, 2009 11:45pm Aug 10, 2009 11:45pm
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
Here's an article I found very helpful to those who are fundamentally stupid like me. Veeeeeeeery easy to grasp the idea. Hey Paul, check this one out! 
The new economy.
It is a slow day in the east Texas town of Longview . It is raining, and
the little town looks totally deserted.
Times are tough, everybody is in debt and everybody lives on credit.
On this particular day, a rich tourist from the Far East is driving through
town. He enters the only hotel in the sleepy town and lays a hundred dollar bill on the desk stating he wants to inspect the rooms upstairs in order to pick one to spend the night.
As soon as the man walks up the stairs, the hotel proprietor takes the
hundred dollar bill and runs next door to pay his debt to the butcher.
The butcher takes the $100 and runs down the street to pay his debt to the pig farmer.
The pig farmer then takes the $100 and heads off to pay his debt to the
supplier of feed and fuel. The guy at the farmer's co-op takes the $100 and runs to pay his debt to the local prostitute, who has also been facing hard times and has lately had to offer her "services" on credit.
The hooker runs to the hotel and pays off her debt with the $100 to the
hotel proprietor, paying for the rooms that she had rented when she
brought clients to that establishment.
The hotel proprietor then lays the $100 bill back on the counter so the
rich traveler will not suspect anything.
At that moment, the traveler from the Far East walks back down the stairs
after inspecting the rooms.
He picks up the $100 bill and states that the rooms are not satisfactory,
pockets the money and walks out the door and leaves town.
No one earned anything. However the whole town is now out of debt and
looks to the future with a lot of optimism.
That my friends, is how the United States Government is
conducting business today. Kinda explains what you see happening with the dow & the s&p today.
The new economy.
It is a slow day in the east Texas town of Longview . It is raining, and
the little town looks totally deserted.
Times are tough, everybody is in debt and everybody lives on credit.
On this particular day, a rich tourist from the Far East is driving through
town. He enters the only hotel in the sleepy town and lays a hundred dollar bill on the desk stating he wants to inspect the rooms upstairs in order to pick one to spend the night.
As soon as the man walks up the stairs, the hotel proprietor takes the
hundred dollar bill and runs next door to pay his debt to the butcher.
The butcher takes the $100 and runs down the street to pay his debt to the pig farmer.
The pig farmer then takes the $100 and heads off to pay his debt to the
supplier of feed and fuel. The guy at the farmer's co-op takes the $100 and runs to pay his debt to the local prostitute, who has also been facing hard times and has lately had to offer her "services" on credit.
The hooker runs to the hotel and pays off her debt with the $100 to the
hotel proprietor, paying for the rooms that she had rented when she
brought clients to that establishment.
The hotel proprietor then lays the $100 bill back on the counter so the
rich traveler will not suspect anything.
At that moment, the traveler from the Far East walks back down the stairs
after inspecting the rooms.
He picks up the $100 bill and states that the rooms are not satisfactory,
pockets the money and walks out the door and leaves town.
No one earned anything. However the whole town is now out of debt and
looks to the future with a lot of optimism.
That my friends, is how the United States Government is
conducting business today. Kinda explains what you see happening with the dow & the s&p today.
Thank You
- #2,285
- Aug 10, 2009 11:54pm Aug 10, 2009 11:54pm
- Joined Feb 2009 | Status: Borderline yahoo & oh-no! | 6,607 Posts
wormboy,
Nice article. Thanks for sharing...
long-term debt + easy credit...
Nice article. Thanks for sharing...
long-term debt + easy credit...
- #2,286
- Aug 11, 2009 12:37am Aug 11, 2009 12:37am
- Joined Mar 2008 | Status: Taking Care Of Business | 5,587 Posts
Here's an article I found very helpful to those who are fundamentally stupid like me. Veeeeeeeery easy to grasp the idea. Hey Paul, check this one out!
The new economy.
It is a slow day in the east Texas town of Longview .
An in-depth and to-the-point illustration of current economic reality.....
Hear the music before the song is over ...
- #2,287
- Aug 11, 2009 1:54am Aug 11, 2009 1:54am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
Thank You
- #2,289
- Aug 11, 2009 2:24am Aug 11, 2009 2:24am
- Joined Jun 2008 | Status: Trader | 1,739 Posts
Here's an article I found very helpful to those who are fundamentally stupid like me. Veeeeeeeery easy to grasp the idea. Hey Paul, check this one out!
The new economy.
It is a slow day in the east Texas town of Longview . It is raining, and
the little town looks totally deserted.
Times are tough, everybody is in debt and everybody lives on credit.
On this particular day, a rich tourist from the Far East is driving through
[color=darkred]town....
- #2,292
- Aug 11, 2009 2:54am Aug 11, 2009 2:54am
- Joined Mar 2009 | Status: Trader | 25,480 Posts
Here's an article I found very helpful to those who are fundamentally stupid like me. Veeeeeeeery easy to grasp the idea. Hey Paul, check this one out!
The new economy.
It is a slow day in the east Texas town of Longview . It is raining, and
Ghost Rider - WWTBMD?
- #2,293
- Aug 11, 2009 3:11am Aug 11, 2009 3:11am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
lol glad you guys enjoyed the article!
Thank You
- #2,294
- Aug 11, 2009 3:15am Aug 11, 2009 3:15am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
Thank You
- #2,295
- Aug 11, 2009 3:30am Aug 11, 2009 3:30am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
Remember this chart? Lol.
1. http://www.forexfactory.com/attachme...2&d=1248856262
2. http://www.forexfactory.com/attachme...0&d=1248980456
3. http://www.forexfactory.com/attachme...8&d=1249293923
Same lines, nothing redrawn.
1. http://www.forexfactory.com/attachme...2&d=1248856262
2. http://www.forexfactory.com/attachme...0&d=1248980456
3. http://www.forexfactory.com/attachme...8&d=1249293923
Same lines, nothing redrawn.
Thank You
- #2,296
- Aug 11, 2009 3:39am Aug 11, 2009 3:39am
- Joined Feb 2009 | Status: Borderline yahoo & oh-no! | 6,607 Posts
yup.... 
Sir Azim's trendline "spider webs" did it again...
Sir Azim's trendline "spider webs" did it again...
- #2,297
- Aug 11, 2009 3:47am Aug 11, 2009 3:47am
- | Joined Oct 2008 | Status: A witty saying proves nothing. | 1,178 Posts
Remember this chart? Lol.
1. http://www.forexfactory.com/attachme...2&d=1248856262
2. http://www.forexfactory.com/attachme...0&d=1248980456
3. http://www.forexfactory.com/attachme...8&d=1249293923
Same lines, nothing redrawn.
Probability Professor
- #2,298
- Aug 11, 2009 3:54am Aug 11, 2009 3:54am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
yup....
Sir Azim's trendline "spider webs" did it again...
Thank You
- #2,299
- Aug 11, 2009 3:57am Aug 11, 2009 3:57am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
I could see this touching 1.66 today.
yea, that's a possibility. I'm counting for the ltl challenge @6350 before a move up tho. Who knows ..
Thank You
- #2,300
- Aug 11, 2009 4:05am Aug 11, 2009 4:05am
- Joined Feb 2009 | Status: Borderline yahoo & oh-no! | 6,607 Posts
lol yea sc. lucky!
... No Sir, it's skill.that's what u get for being Georgetown &/or Genting Highlands-bred.
.....Malaysia truly Asia
Galation/David,
how's your vacation?