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Magix replied Jan 7, 2010Against my better judgment and charts... Holding long 1.5970, 1.5968, s/l set to 1.5930....
Cable Update (GBPUSD)
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Magix replied Jan 6, 2010Wedged pattern on an already narrow channel. Red line traces the 55EMA (resistence) and the green line traces the 24SMA (support). Support to resistance tight, might almost be worth a hedged play with stop losses outside of these channel.... ...
Cable Update (GBPUSD)
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Magix replied Jan 6, 2010Great summary in my absence. I played a few longs into London and went for nappy time leaving on a short note. I slept in this morning, which turned out to be a good thing, the first wave of the upside was just as I was sipping the first few gargles ...
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Magix replied Jan 6, 2010In the more immediate fibs...checking motions on the hourly, 200EMA resistance is right @ fib 50. Price points marked, green line as 50.
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Magix replied Jan 6, 20101.6036-38 shows as 200EMA on 30m and 55EMA on hourly. Seems like a good place for reversal, but again, I still play by chart support only.
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Magix replied Jan 6, 2010Ctic... Here is what I use the 55 EMA for. First line of support. Dotted line on the chart.
Cable Update (GBPUSD)
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Magix replied Jan 6, 2010Major trend is still down trend as we are below the 24SMA on the daily and the 4hr chart. Playing long is playing against the major trend. The long plays are the immediate and are played to pivot points on the chart...my simplex7 marker. I am still ...
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Magix replied Jan 6, 2010heh... Just as I was saying...grabbed a quickie for 13 more.
Cable Update (GBPUSD)
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Magix replied Jan 6, 2010Could very well do that...this is still a counter trend play against the major, so, will watch and wait. Trigger off the 1m still possible for a few more and confirmation on the 15m for short.
Cable Update (GBPUSD)
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Magix replied Jan 6, 2010I gots to hold n wait for chart support...you know, I am a bit of a sissy like that....

Cable Update (GBPUSD)
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Magix replied Jan 6, 2010Target zone hit...1.6013 exit on last 2 longs. Forecast and actual.
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Magix replied Jan 5, 2010[quote=inferno000;3342381] 1.5966 x2 1.5972 x1 1.5981 x2 Closed all @ 1.5994
Cable Update (GBPUSD)
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Magix replied Jan 5, 2010Still holding. No breach and hold below the 24SMA on the 5m chart.
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Magix replied Jan 5, 2010Single lot long, 1.5980...holding for 1.6014. Failure of support on the 5m chart and I will be out.
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Magix replied Jan 5, 2010Closed based on denial of the 24SMA on the 30m chart. Still support on the 5 and 15, so not short yet but not long either.
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Magix replied Jan 5, 2010Just closed out 5 lots that were long for 104 pips.... Waiting for next entry....
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Magix replied Jan 5, 2010My one day goal.... I have committed to myself to make this a year to go full time, but it too turns into as a time allows. My goal was 10k 3 months in a row to go full time, and with the improvements over the last few months and my plan of sticking ...
Cable Update (GBPUSD)