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Cable Update (GBPUSD)

  • #226,841
  • May 16, 2010 9:59pm May 16, 2010 9:59pm
Quoting digger1
Hey kill , think we got the easy pips for the day , retrace from this area well more than possible its already underway , we got close to the weekly L4 the quarterly L4 was the one that had my attention and was my profit area ,Attachment
Im still thinking that London will have a little to say about an area they haven't had a chance to play....I would believe them to want to test this new low, the question is, will they drive it lower??
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #226,842
  • May 16, 2010 9:59pm May 16, 2010 9:59pm
Quoting digger1
Hey kill , think we got the easy pips for the day , retrace from this area well more than possible its already underway , we got close to the weekly L4 the quarterly L4 was the one that had my attention and was my profit area ,Attachment
on rallies is the milk and honey bro no rush but no bottom too on both i hope it dos retrace good although i dont see that much no harm for one for the road with sl
  • #226,843
  • May 16, 2010 10:00pm May 16, 2010 10:00pm
Quoting Magix
Im still thinking that London will have a little to say about an area they haven't had a chance to play....I would believe them to want to test this new low, the question is, will they drive it lower??
Agreed...
  • #226,844
  • May 16, 2010 10:01pm May 16, 2010 10:01pm
Quoting Magix
Im still thinking that London will have a little to say about an area they haven't had a chance to play....I would believe them to want to test this new low, the question is, will they drive it lower??
wouldnt disagree with that at all , may get a little choppy around here for bit just wanted to point out the express train may give way to the city train with a few more starts and stops lol
  • #226,845
  • May 16, 2010 10:02pm May 16, 2010 10:02pm
Quoting Magix
Im still thinking that London will have a little to say about an area they haven't had a chance to play....I would believe them to want to test this new low, the question is, will they drive it lower??
same view here wise man not much of a retrace they will hit hard on any
  • #226,846
  • May 16, 2010 10:04pm May 16, 2010 10:04pm
Quoting digger1
wouldnt disagree with that at all , may get a little choppy around here for bit just wanted to point out the express train may give way to the city train with a few more starts and stops lol
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.
  • #226,847
  • May 16, 2010 10:05pm May 16, 2010 10:05pm
Quoting Ctic
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.
ah ha ha , things should stay a little wild for a bit . You probably won big and dont need it anyway lol
  • #226,848
  • May 16, 2010 10:06pm May 16, 2010 10:06pm
Looks like a low demand bar here. Prolly gonna test new low.

Jim
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 20 KB
  • #226,849
  • May 16, 2010 10:07pm May 16, 2010 10:07pm
That is, only if I am reading it right. Pretty new to this VSA stuff.

Jim

Quoting Nene
Looks like a low demand bar here. Prolly gonna test new low.

Jim
  • #226,850
  • May 16, 2010 10:07pm May 16, 2010 10:07pm
Quoting digger1
ah ha ha , things should stay a little wild for a bit . You probably won big and dont need it anyway lol
Lol... I wish. I made out ahead a little, but what I won in Vegas, my wife made me spend in Hawaii...
  • #226,851
  • May 16, 2010 10:09pm May 16, 2010 10:09pm
Quoting Ctic
Lol... I wish. I made out ahead a little, but what I won in Vegas, my wife made me spend in Hawaii...
ha ha , good for her she deserves it for putting up with you lol
  • #226,852
  • May 16, 2010 10:13pm May 16, 2010 10:13pm
Quoting Ctic
Lol... I wish. I made out ahead a little, but what I won in Vegas, my wife made me spend in Hawaii...
lol....thats our ladies for u,they all have the gift of spending....
  • #226,853
  • May 16, 2010 10:14pm May 16, 2010 10:14pm
Quoting Nene
That is, only if I am reading it right. Pretty new to this VSA stuff.

Jim
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 here for 2 years before we moved topside.... 1992 bounced right off this spot and went back up to 1.70... I am not saying I am bullish (yet) all I am saying is be careful and let support fail before we bet the farm on a short.
Attached Image (click to enlarge)
Click to Enlarge Name: monthly.jpg Size: 115 KB
  • #226,854
  • May 16, 2010 10:16pm May 16, 2010 10:16pm
digg some body have a sledgehummer on the top hitten her so bad
  • #226,855
  • May 16, 2010 10:19pm May 16, 2010 10:19pm
Quoting digger1
ha ha , good for her she deserves it for putting up with you lol
Yeah, that is what she says too... lol.
  • #226,856
  • May 16, 2010 10:19pm May 16, 2010 10:19pm
Quoting kill56
digg some body have a sledgehummer on the top hitten her so bad
ha ha , sure seems that way just waiting for them to do it again lol
  • #226,857
  • May 16, 2010 10:25pm May 16, 2010 10:25pm
short ppl be very carefull, she seems to be retracing to 1.45
  • #226,858
  • May 16, 2010 10:33pm May 16, 2010 10:33pm
Quoting zozozo11
short ppl be very carefull, she seems to be retracing to 1.45
Not wanting to put the cart before the horse....

IF you are long, a target of 1.44 comes a little before 1.45, that being said, they both come a lot before 1.7.....
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #226,859
  • May 16, 2010 10:37pm May 16, 2010 10:37pm
Quoting Magix
Not wanting to put the cart before the horse....

IF you are long, a target of 1.44 comes a little before 1.45, that being said, they both come a lot before 1.7.....

Magix, i do agree, i refer to the phsyclogical point of 1.45
  • #226,860
  • May 16, 2010 10:40pm May 16, 2010 10:40pm
Quoting zozozo11
short ppl be very carefull, she seems to be retracing to 1.45
although i would like that very much, she seems to be having getting above S3 [1.4322] at the moment.
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