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Magix replied Feb 18, 2010Rammed another 37 on 2 singles.... I am out now. Was fun, but why chance 3?
Cable Update (GBPUSD)
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Magix replied Feb 18, 2010Blinked and missed that one. LOL.... Somebody really got it in for the bulls would seem.
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Magix replied Feb 18, 2010Scalping singles right now doesn't even seem that appealing...not enough volume for anything serious and too easy to get trapped... Eff this crap! I can wait.
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Magix replied Feb 18, 2010Support to resistance looks like this to me, and I hope to not make this too confusing. Basics. If 24sma (red) is below 200ema (yellow) we are short. If 24sma (red) is above 200ema (yellow) we are long. When we are short chart, if price closes ...
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Magix replied Feb 18, 2010Trapped in the support/resistance range of the time frames... We currently hold support of the 5m chart, but not confirmed long. We sit on the 50% fib line for the day, and right at support on the 15m. The 30m says we have support, but too again, ...
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Magix replied Feb 18, 2010Sadly just on my way out of the house, but agree with you there wormie, classic bull flag. Carefull of the 200EMA on the 15m, was the stopping ground on the last catipult, you can see how EJ did the same. With EG favoring longs, GBP should play ...
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Magix replied Feb 18, 2010$74 more, 6 singles, closing the evening with $649. I think that'll do. Have a great evening guys. See if you can leave a few for me to grab tomorrow.

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Magix replied Feb 18, 2010I use the 1m and 5m for support and resistance, and use the price close with the 24sma as the trigger on trend, again, both 1 and 5m charts. Check back a couple of pages, I go through it a little more clearly, or click the Method to my madness link ...
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Magix replied Feb 18, 2010That's the wormie we been looking for. Welcome back brother! Though, really not sure why you are on the longs, takem as you sees em!
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Magix replied Feb 18, 2010That's +$500 total on 2 standards for me guys. Trigger off the 200ema on 5m chart. I love it when a plan comes together.

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Magix replied Feb 18, 2010With you there brother...I ain't good enough to nut tops n bottoms, so I am left riding the tide. Trading support to resistance based on my charts with my rules is about as good as I may ever be. I can live with that.

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Magix replied Feb 18, 2010url I did. Personally, I try to stay away from picking targets, and just try to stay inside of safety ranges. We all have different styles of trading, and I have never much been into pissing or popularity contests. I post what I see, I take my ...
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Magix replied Feb 17, 2010FWIW...Here is where I watch for exits. This is going into counter trend, and I know I have all time frame 200EMA's above as resistance with exception of the 1m. So...As price crosses above the 200EMA on 1m chart or above the 24SMA on the 5m ...
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Magix replied Feb 17, 2010Below me is a link to the thread I started to help others out with this style of trading. I watch all time frames, having 4 up at a time. (Method to My Madness) It is only by doing this that I can see the trends and direction, allowing me to play ...
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Magix replied Feb 17, 2010Here is a 1m chart. I used this as today was a great example of what and how I play. I have shown where the price closes below the 200EMA as well as the trigger on trend for the 24SMA. Here is how the OSMA can work as an early indicator and then ...
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Magix replied Feb 17, 2010You got nothing to be sorry about here Digger.... I think what we should have all learned from the days that have past is that though we may have an idea of what we will see, nobody can be 100% right all of the time. All eyes on deck, lets make some ...
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Magix replied Feb 17, 2010The OSMA for me acts as 2 things, one an early indicator and the other as a confirmation of trend. When the OSMA goes below zero on the time frame, it will show weakening of a longside play if the MACD is above. IF the MACD goes below zero to join ...
Cable Update (GBPUSD)