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- Magic Hat replied May 23, 2011
candlestick patterns — Hey monkey - yes it was a falling 3 pattern. As far as I'm aware, it was still valid but it's bearish strength was lessened once the wick of the third candle went beyond the low wick of the big candle. Still, if you went ...
- Magic Hat replied May 19, 2011
Uptrend, downtrend, round-the-bend trend... — Look at the daily chart...we've been rising all year since we hit 1.541 on 7th Jan. We have been bouncing around the top and bottom of a rising channel...lower TL between low on 25th Jan and ...
- Magic Hat replied Apr 27, 2011
Morning all. Just a suggestion - with the UK GDP news coming out in 20mins, probably a good idea to wait and see what happens rather than making a trade. The expected figure is for 0.5% growth - this expectation has already been revised (was 0.7%) ...
- Magic Hat replied Apr 22, 2011
Red - I like your analysis...I'm looking at the daily candle - if it closes like it is at the moment (bearish doji) then that's a very tempting trigger to carry on selling. I've got 6380 as my target. Enjoy the Easter weekend, will see you Monday to ...
- Magic Hat replied Apr 21, 2011
Trade what you see! — Trade what you see guys, not what you expect. Is there anything on your charts to suggest that we might be retracingafter the last couple of days massive 400pip run? For what it is worth, today we broke through an upper ...
- Magic Hat replied Apr 20, 2011
Hey, we've all been there. The successful traders on FF all started from the same place as you and I. Read through some of the old stuff that the likes of Wormie, Cloggs, Eohater etc. have put on here and you'll see that is the case, and they all ...
- Magic Hat replied Apr 20, 2011
[quote=Magic Hat;4559386]My tip - try and find a chart which shows the USD, there are plenty available on the internet. The DIXY has been tanking for the last 2 days. It hit 76.00 on Monday afternoon and is now at 74.55.quote] Ok further to the ...
- Magic Hat replied Apr 20, 2011
@ Monkey — Monkey mate, no s/l is crazy. Money management is absolutely the key to being successful in forex, especially if you are day trading. Can't tell you how many times I've made some pips here and there, been up for the week than ...
- Magic Hat replied Nov 2, 2010
Yep, retraced all the way to the 61.8% Fib of today's hi / lo move @ 6034 and then a retest of the the 50% Fib @ 6019 and then back up again to the 61.8% Fib. Sometimes it can be that easy.
- Magic Hat replied Nov 2, 2010
Thanks Fudo - spend most of my time on the h1 and then drill down to the m5 for entries using the 100 and 200ma. I do have a separate m15 chart with 5,10,21,35,50 and 200 on it though courtesy of EoHater.
- Magic Hat replied Nov 2, 2010
Ok, thanks for the insight...in this instance I had a good long entry so I didn't miss out but if I had not been in front of my screen I would have been looking for somewhere to jump on board. I don't use any indicators other than a couple of MAs ...
- Magic Hat replied Nov 2, 2010
Cloggie - welcome back, it's been quiet here without you. Identifying levels is relatively easy it's how to trade them that poses a problem for some people. How/where would you have put your trades during the rise if you missed the initial lift? I ...
- Magic Hat replied Sep 10, 2010
Seems like a lot of Orders sitting around yesterday's high...is there the appetite to send this up to 5500 today? Quick question as well if I may...inflation in the UK seems to be drifting down. Does this mean that we will start to see further ...
- Magic Hat replied Sep 10, 2010
I always felt Scipi and Oxford had ulterior motives and pleased that they were finally shown up but I found Java's input interesting and will miss his views if he decides to up sticks or is moved to the commercial section...I certainly never got the ...
- Magic Hat replied Sep 8, 2010
I guess Wormie would call it "Kaboom Time" ?!? Save me a front row seat...
- Magic Hat replied Sep 8, 2010
Any thoughts on likely reaction? Drop in Fibre pulling Cable down with it?
- Magic Hat replied Sep 6, 2010
It can go as far as it wants...I'm still waiting for your Fibre long @ 1.32 to come into profit from last month For what it is worth I'm flat at the moment and won't be looking to come in until we've cleared the top / bottom shadow (doesn't ...
- Magic Hat replied Sep 2, 2010
Richmond, Surrey.
- Magic Hat replied Sep 2, 2010
Lead balloon
- Magic Hat replied Sep 2, 2010
Morning all. Cable slowly slipping down today. If she closes under 5470 I'm going short. It's a 35ma +35 pip cross on the m15 chart. Another EOHater move. Usually good for a further 35-50 pips. Getting close on this particular candle...1min to go. ...