hhitch, I second that motion..... she headed DOWNtown.
Cable Update (GBPUSD)
- #233,081
- Jun 22, 2010 11:08pm Jun 22, 2010 11:08pm
- Joined Jan 2008 | Status: Pipaholics make better lovers ;) | 1,002 Posts
- #233,085
- Jun 22, 2010 11:16pm Jun 22, 2010 11:16pm
- | Additional Username | Joined Sep 2009 | 8,623 Posts
we got some heavy hitting news comming out today for both pound and dolla, enjoy the ride boys and girls
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- #233,087
- Jun 22, 2010 11:18pm Jun 22, 2010 11:18pm
hmmmm... well Joe I don't know if she go DOWN mon but I sure wasn't sure about that divergence read 
personally I won't be surprised if she goes like a ping pong ball today
personally I won't be surprised if she goes like a ping pong ball today
hhitch, I second that motion..... she headed DOWNtown.
"The real genius is knowing when to stop." - Marc Faber
- #233,089
- Jun 22, 2010 11:20pm Jun 22, 2010 11:20pm
- | Additional Username | Joined Sep 2009 | 8,623 Posts
- UK retail sales - cable up
- uk budget - cable up
- minutes - cable up
this bugger is being pushed up, to improve outlook, dun get caught in shorts, wear pants 
- #233,090
- Jun 22, 2010 11:20pm Jun 22, 2010 11:20pm
- Joined Jan 2008 | Status: Pipaholics make better lovers ;) | 1,002 Posts
hmmmm... well Joe I don't know if she go DOWN mon but I sure wasn't sure about that divergence read
I agree, that divergence was definitely bearish, unless Im blind and dumb..(NOT)
- #233,092
- Jun 22, 2010 11:23pm Jun 22, 2010 11:23pm
- | Additional Username | Joined Sep 2009 | 8,623 Posts
hmmmm... well Joe I don't know if she go DOWN mon but I sure wasn't sure about that divergence read
personally I won't be surprised if she goes like a ping pong ball today
- #233,095
- Jun 22, 2010 11:27pm Jun 22, 2010 11:27pm
- | Additional Username | Joined Sep 2009 | 8,623 Posts
by the way
- my trade plan is to hold longs till 1.50, possibly 1.5050
- then short heavily to 1.4230
- #233,097
- Jun 22, 2010 11:33pm Jun 22, 2010 11:33pm
ok I will tell you what I am seeing now. Price is starting to approach the same area where it was met by strong resistance last friday, around 1.4880. It appears that the butterfly has begun to play out a bit to the downside, but it could always fail, or perhaps decide to continue on up to D2 or D3 rather than just stoping at D. However it has sold off a bit and is now re-testing the upper area of the right butterfly wing as it has been painted so far. There also appears to be a head and shoulders top forming on the H1, with bearish divergence. But, like Mr. Kill56 often says, this chick is a b;;;;;;;;tch and will probably do something completely different just to show me who's boss here are my charts...
here are my charts...
"The real genius is knowing when to stop." - Marc Faber
