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Magix replied Feb 22, 2009Yup... MACD just went negative on the 5...wouldnt be holding longs right now.... Closed out 4x shorts total 120 pip, and watching the 1m for next reversal, top @ about 1.1418 me thinx...
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Magix replied Feb 22, 2009That's pretty much the run for top I had expected. I'm still tending towards the bearish. S/L set @ 1.4555. Gunna go watch a little TV, see what the next hours hold. Looking for 1.4380 as possible target.
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Magix replied Feb 22, 2009I live for leftovers. You wanna eat my cooking, you gotta extend the invite...
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Magix replied Feb 22, 2009Looks like the short on GJ coming back around... Will see where she sits at 5 mins on the next hr.
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Magix replied Feb 22, 2009This has to be one of the worst pairs for falling asleep...I just effin hate when it does this. Thanks to a late dinner and watching the GU that I missed short on GJ... But, the friggen ribs were fantastic! Cooked in Rootbeer and finished on the que! ...
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Magix replied Feb 22, 2009Trendline and possible reversal to long side again @ 1.4500 on my charts, but nothing else supports this notion as of yet. We are going to have another headfake to the northside imo, as sell side is only confirmed upto 15m charts here.
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Magix replied Feb 22, 2009Watch for a spike to the north side, this will be the shorters head fake. Play confirmed, first support 1.4547.
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Magix replied Feb 22, 2009This may seem an odd statement, but as of now, I see short cycle in, but top not necessarily called. Confirmation still waiting for close below 1.4523 and hold for the 5m.
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Magix replied Feb 22, 2009If we were in confirmed short cycle now, I would say 1.4472 area, first trip line on the 5m chart.
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Magix replied Feb 22, 2009A nice gap down to trip out all of the longs, and a grand spike to trip out all of the shorts.... What goes up, must come down. Waiting on 5 min for short cycle now.
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Magix replied Feb 22, 2009But like a total shithead... I was more interested in what I figured I should buy at instead of paying attention to the chart...sat this ride out.... Sigh.... We should see a nice moving week, some great ranges, can always make up later....
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Magix replied Feb 22, 2009Well, that's about the best idea of a gap fill your gunna see....heh
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Magix replied Feb 22, 2009Nice. I see 1.3634 as the line in the sand to x and hold on the 4 hr, but I think I might hitch a ride on your train for a while, looks good to go here. Might just wait for the next spike and see if I can gain entrance @ 134.4-1.34.2.
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Magix replied Feb 22, 2009Didn't on my charts, but I just woke from an afternoon nap, so eyes still a little bloodshot....
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Magix replied Feb 22, 2009Love the charts your posting, mine are a touch different but seem to be confirming. I see price and my fib line on 1hr to be sitting @ 1.4348, which we can see a touch and x down, support on a 7MA on 4 hour seems to be @ 1.4350. A small cruise down ...
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Magix replied Feb 22, 2009That's not what my 4hr says...Taking 1hr still saying bull run not over, pullback, and we see a rise. 4hr saying we just started into the longs.... But, play your plays, I say we fill the gap before we see much more downtickery...
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Magix replied Feb 21, 2009I have attached 2 charts for what I believe will be a bullish pattern for the next week and my reasoning. Time will tell, but I say, Bring on the Bulls! Edit Text on first chart Side bar, should read Bullish Week, not Bearish.... Oooops.... Gawrsh, ...
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Magix replied Feb 20, 2009I was gunna try another long when I closed out shorts, wasn't paying close enough attention, we may see a run just to or just below hod... CRAP! I'll get em next week!
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