Wrong chart in previous post... that was GJ, but same situation.. Here is cable chart.

Cable Update (GBPUSD)

of course I am already almost at my tp so lets see what happens.. I don't want to say that it is heading a long way back up, but it may to 4700ish before it drops again. (Of course if it breaks, we drop to at least 1.25 or so. Bottom line.. like I ...

Cable Update (GBPUSD)

Time will tell Kill... Problem is we are at this HUGH support line. Wait for that to fail before you bet the farm. As for me, I am took the long road with sl just below that line. usually good for a bounce.

Cable Update (GBPUSD)

Excellent Wormie.. I am with you on the long.

The WoRmHoLe

Thank you... It's good to be back.. Vacation is a necessity at times though. I actually have a very small postion speculation long in on GU. SL placed just below the red line. As it appears this support has held for 30+ years, I don't think it will ...

The Boardroom

Yeah, that is what she says too... lol.

Cable Update (GBPUSD)

Vacation was fun.. but back to business. Look where we are at.. Major support levels. If support holds playing long. If fail playing short... very simple.

The Boardroom

Jim, We may... but I caution, be very leary at this spot... Here is an extended monthly chart view. look at the red line. That is the price as we speak. Also look back to 2008... couldn't close a monthly past this spot... 2000 and 2001... hovered ...

Cable Update (GBPUSD)

Lol... I wish. I made out ahead a little, but what I won in Vegas, my wife made me spend in Hawaii...

Cable Update (GBPUSD)

Of course Dig... Now that I am back from vacation, we will enter our little 100 pip range days again with no clear direction.. lol.

Cable Update (GBPUSD)

Agreed...

Cable Update (GBPUSD)

I just got back from vacation. I was gone for 2 weeks, missed all the fun. But that is ok, back in time for the ride up...lol.

Cable Update (GBPUSD)

Here is that level of support I was talking about. Look at the red line I drew on the bottom. The drop in 2008 could not close below this line. Also look back at the year 2000 and 2001. We hovered around this line for about 2 years. In short... ...

Cable Update (GBPUSD)

Downtrend.. that is why.. But we are at a major level of support here. If we break this.. down a LONNNNNNGGGG way.. If not, we will see some retrace.

Cable Update (GBPUSD)

Alright Mal, Now when in Vegas play it like I told you to play the Forex. Bet everything on one hand. If you win, let it ride. Keep doing that until the trip is over and you will come home a very rich man. Forex and Gambling is easy.

Cable Update (GBPUSD)

Good job Mal.. See I told you you could make 2 pips. Monday let's shoot for 4.

Cable Update (GBPUSD)

I will see you there. My plane gets in at noon tomorrow. I closed my FX account to bet it all on Black. I will save 5 bucks though so if I lose I can quickly win the $130 million jackpot on the slot machine. Then I will bet all that on black. Easy ...

Cable Update (GBPUSD)

Dazzer, Actually it is a hanging man. By definition, a hanging man is a 1 candlestick pattern. But like all patterns, confirmation is recommended before taking trade action. A hanging man is a low reliability pattern, thus confirmation is strongly ...

Cable Update (GBPUSD)

A Hanging Man is like a one legged man in an ass kicking contest.

Cable Update (GBPUSD)

Excellent Wormie. I am long E/U too. G/U long, Dragon long. Lets see what happens. C.

The WoRmHoLe