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Magix replied Nov 24, 2009I hate giving away my secrets, but since Ima gunna be starting a thread anyways giving up all of my secrets, I might well throw you this little nugget. Put a 200EMA onto a 15m chart. Check the price @ London Close... DO YOU SEE WHAT I SEE?
Cable Update (GBPUSD)
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Magix replied Nov 24, 2009If you really want to know where we are going to fall back to...Have a look @ London close, we will most likely continue the trend from there. As a guess...1.6578.

Cable Update (GBPUSD)
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Magix replied Nov 24, 2009Stick to your guns mango...We all see what we see, and all play what we play. If you see short opps, playem, if you see the longs, playem... We will only know for sure by direction if there are more buyers then sellers at this point. Trade well!
Cable Update (GBPUSD)
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Magix replied Nov 24, 2009Well amigo, we have crossed and held the 4hr 24SMA...by my indicators that means the bears are done, were back into the bull run. I would fully expect London to bring price down for a better buy range, but as of now, I believe we are about to see a ...
Cable Update (GBPUSD)
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Magix replied Nov 24, 2009O, that's what they want you to believe... Remember, it's us against them, and right now, they have the serve!
Cable Update (GBPUSD)
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Magix replied Nov 24, 2009First line of resistance topside...200EMA on a 30m chart...stopped right @ the line...Could be a stall, could be the turning point...only time will tell... I only consider a play that holds its grounds, we aren't quite there yet.

Cable Update (GBPUSD)
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Magix replied Nov 24, 20091.6623 would seem to be a pretty critical break for the bull side. 55EMA on a 4hr.... So, 2 ways it plays out. We hit there, turn and take another run down @ the 200EMA on the 4hr, or we close above the 24SMA on the 4hr, and we are now bull market. ...
Cable Update (GBPUSD)
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Magix replied Nov 24, 2009Confused? — Are we bears or are we bulls? Not sure, here is why... On the day, we are positive MACD and negative OSMA, could improve to swing us long, but we aren't there yet. On the 4hr, we sit right at resistance, with MACD and OSMA negative ...
Cable Update (GBPUSD)
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Magix replied Nov 24, 2009Not likely, failure to close above resistence on the 4hr shows continuation of trend side down, showing next support level on the daily @ 1.6220ish... But, play the play that you feel suits you.. This is just what my charts are saying...RIGHT NOW ...
Cable Update (GBPUSD)
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Magix replied Nov 23, 2009Stick to your guns Amigo...and by guns, I mean Charts....
Cable Update (GBPUSD)
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Magix replied Nov 23, 2009If you are unsure in your position, and especially if you are in the profit zone...Take the money and wait until the markets become more clear to you. As of current...they are long of being short, and short of being long. If you wanna gamble the ...
Cable Update (GBPUSD)
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Magix replied Nov 23, 2009FWIW...I have selected this week as my make or make. Confidence has built to a point where I have been very successful over the last few weeks, and have turned scalping into an almost art form. I have my contract termination letter ready for ...
Cable Update (GBPUSD)
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Magix replied Nov 23, 2009Whew, thanks allserene...I am glad somebody responded, I was beginning to think I was the last one left playing cable today.... I am not getting a great loving feeling for the longside of the chart as of just yet, and have scalped a few plays ...
Cable Update (GBPUSD)
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Magix replied Nov 23, 2009Interesting position of current price... H4 and H1 support area. A breach, hold and close, will support a further drop. Hold of this area, supports the weekly bull... The suspense builds.
Cable Update (GBPUSD)
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Magix replied Nov 23, 2009Quick 15 pip scalp, exited hitting 200EMA on 5m chart.... OKAY, Now, I'm gunna wait for a break! Maybe...
Cable Update (GBPUSD)
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Magix replied Nov 23, 2009The chart as I see it.... Compression zone, Blue circle. Support, Green circle. Resistance, Red circle. Tripped out @ BE...Gunna wait for confirmation....I do feel a fall coming, but I am going to wait for a directional break. Gambling, not my style.
Cable Update (GBPUSD)
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Magix replied Nov 23, 2009We are caught in a compression zone. The daily favors the bull, but movement supports a retrace and drop. I still have no confirmation on an hourly chart - 24SMA breach, hold and support....H1 Until then, it is a gamble. I did take short signal on ...
Cable Update (GBPUSD)
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Magix replied Nov 23, 2009HEH... Totally didn't see this coming.... CHA CHING! Watch for support, fall not confirmed on the hourly just yet!
Cable Update (GBPUSD)
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Magix replied Nov 23, 2009Morning kiddies. Looks like ya might have had a little fun last night, running with the bulls... @ current, and for NY open, we are @ critical mass... A close and hold of this current price point is crucial for the bull chart to continue, both the ...
Cable Update (GBPUSD)
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Magix replied Nov 22, 2009Well guys...looks like this is about as exciting as it gets for right now. Sitting flat, I got nothing telling me that a buy right now is worth anything nor a sell producing much more, and I ain't gunna sit up all night waiting... NighterZ
Cable Update (GBPUSD)