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Magix replied Oct 14, 2009Can always watch for a turn on dip Chris. If this dip keeps a going, should touch @ about 1.6029 and start a come back. But, play as you see fit.
Cable Update (GBPUSD)
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Magix replied Oct 14, 2009The price of 1.61 or that fat blue line on your chart? Listen, I know who you is, believe you to be a decent player in this here game, but seriously? 1.61? 1.6118/1.6119 where it has stopped n turned before, sure, I can see that as ACTUAL chart ...
Cable Update (GBPUSD)
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Magix replied Oct 14, 2009Why 1.61 and not just right at current? I still see nothing on the chart that has this line in the sand drawn. I've seen no stop and turn on any even dollar, any currency.
Cable Update (GBPUSD)
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Magix replied Oct 14, 20091.6119 is the next resistance chart line, everything else is a guess. We cruise through that, onto 63 then 65. As the sayings go, never stand in front of a speeding locomotive and try not to catch falling knives. Charts can offer a great guess, but ...
Cable Update (GBPUSD)
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Magix replied Oct 14, 2009With the way this has been playing it is incredibly tough to call a top, but I am in agreement with you that we aren't looking south just yet. The 4 hour indicates we got a lot more room to move, and the daily tapped the 24Ma and bounce back, we are ...
Cable Update (GBPUSD)
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Magix replied Oct 14, 2009Can be used as a change in trend or direction. Keeping in mind the direction, if price drops massively and then in the same time frame, gets bought back up, might mean that in that time frame we have reached a bottom, and time to head the other ...
Cable Update (GBPUSD)
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Magix replied Oct 14, 2009Aight mango. Just trying to figure if your leaving the fate of your account into the hands of the room bear calls or a coin toss. We all trade what and how we wanna, not saying you did right or wrong, your s/l or t/p will be the judge of that. Was ...
Cable Update (GBPUSD)
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Magix replied Oct 14, 2009Why? Just figure its gunna drop and couldn't wait to get into a trade?
Cable Update (GBPUSD)
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Magix replied Oct 14, 2009Taking the drop this year, and given that the plan is a 5 year recovery cycle that typically takes 7 years to complete, I gotta forecast of closing the year in the 1.54-1.55 area, whether we dip below and rise up to it, bottom line is still the ...
Cable Update (GBPUSD)
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Magix replied Oct 14, 2009I'm still trying to figure out if it has been a Looooooong short day, or just a short Long day?!?!?
Cable Update (GBPUSD)
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Magix replied Oct 14, 2009Throw MACD and OSMA onto your hourly, standard settings, it tells me a story of, WE ain't quite done on longs yet. OSMA hits positive, this will be a friggen runaway! Could close the 4hr long cycle @ 1.6118
Cable Update (GBPUSD)
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Magix replied Oct 14, 2009Been a Golden Scalp off of the 5m chart 24ma line today! MAGICAL! w00t!
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Magix replied Oct 14, 2009Still Scalping longs here... Chart don't say short. No time frame do I have a short signal... Course, I scalp, so what does it really matter
Cable Update (GBPUSD)
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Magix replied Oct 14, 2009Price has been denied on 5m chart @ 24ma line. I am looking to go back long too, but currently holding a short scalp @ 1.5955. One more surge to the south side and we could see a nice dead cat bounce, but will hold short until time to not hold ...
Cable Update (GBPUSD)
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Magix replied Oct 14, 2009I hear ya, I see some of the posted charts, no disrespect meant to other traders, but wonder how some can even see price, never mind direction. For the scalps, I use 4/24 to trade direction of the major (hourly/4hr) as they cross for entry, on the ...
Cable Update (GBPUSD)
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Magix replied Oct 14, 2009As an Idea..... If you are a longer term trader, why not use an 24 MA on your hourly. Play the crosses. If price holds above or below 24 on the hourly for 2 consecutive hours, time to evaluate or re-evaluate your position. Throw it on a chart, see ...
Cable Update (GBPUSD)
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Magix replied Oct 13, 2009Added one lot for soft hedge favor of the GBP. Seen the x on the 15m downside EG, lets letter run into manana!
Cable Update (GBPUSD)