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Magix replied Sep 15, 2009We all know what we look for in the charts, and as of current and a big part of my reasoning is chart based. Yes, I was in play last August, some days good, some days, not so good, but was typically scaling small gains on soft hedge patterns which ...
Cable Update (GBPUSD)
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Magix replied Sep 15, 2009When I watched direction last night on GU, I knew we were in for a down draft, but wasn't sure of the magnitude. Had a couple of beers with some BBQ ribs last night and packed it in early, still kicking myself for not taking a small nibble to the ...
Cable Update (GBPUSD)
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Magix replied Sep 15, 2009Just watching pivot points and crucial zones. The hourly on GJ tells the story of bulls shift, where as the 4h on Cable does the same. Beings how they both favor a bit of strength for GBP, figured, WTF, might well giver a run.
Cable Update (GBPUSD)
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Magix replied Sep 15, 2009Not really...Just can't lose from this position. Nothing goes straight up or straight down...If I see a 100 pip draw down from here, will add to double up. This my friend, is just EZ money.
Cable Update (GBPUSD)
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Magix replied Sep 15, 2009I know this gunna sound all BatShit Crazy n stuff....but the same chart that calls a turn @ 1.6403, shows an ultimate top of 1.66....
Cable Update (GBPUSD)
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Magix replied Sep 15, 2009I was thinking a great reversal point should be @ about 1.6403....just looking off of the 4 hr chart....now, the time seems a little dodgey, and the trend is still hard to the bears, but I gunna keep watch here...see if we get that little bull tag ...
Cable Update (GBPUSD)
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Magix replied Sep 14, 2009I can't really say that I like the way that this chart is setting up. I don't much wanna see a tap or bust top, this would surely just limit the range, or cause a bearish reversal....If that happens, throw your friggen charts out the window and set ...
Cable Update (GBPUSD)
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Magix replied Sep 14, 2009I don't think anybody here can claim to have never had their asses handed to them in this game, even the playtraders, (no disrespect). If you have a question with exception to what you should do in your trade day, ASK, ASK, ASK. We all had to learn ...
Cable Update (GBPUSD)
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Magix replied Sep 14, 2009Looks like we about to get some fire sale prices on Cable. Time for bears to profit, bulls to look for some cheap seats to the fireworks!

Cable Update (GBPUSD)
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Magix replied Sep 14, 2009If the price changes, in a larger than a few pip skip from Friday's close to Sunday's open, there is a gap. That gap will almost typically always be filled in some time frame...If pps gaps down 30 pips and price bottoms another 50 pips, a possible ...
Cable Update (GBPUSD)
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Magix replied Sep 14, 2009Well, Dragon finally closed the gap, sadly, not so many more predictive plays on her as this was...At least not this week....Anywhooooooooo.....Made a very nice tidy profit on this prick! So far, this week has fallen short of last weeks gains by ...
Cable Update (GBPUSD)
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Magix replied Sep 14, 2009Cripes NO! I ain't shorting this bitch...not now anyways...when we come to the top of my daily chart, then....I will look to short. As of now, ride the tide!
Cable Update (GBPUSD)
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Magix replied Sep 14, 2009And...My final add for long...@ 1.6576. Matched it with one more for the Dragon, still holding for that GAP FILL!

Cable Update (GBPUSD)
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Magix replied Sep 14, 2009Not using one.... Market on GU has read and played fairly well over the last couple of weeks for me, though I hadn't grabbed every pip possible, I have been more than happy with my results. I am still forecasting a lot more ceiling than depths of ...
Cable Update (GBPUSD)
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Magix replied Sep 14, 2009Looking to add 1 more long @ 1.6571, seems to be the line in the sand on the 5M, TP, 1.6652.
Cable Update (GBPUSD)