Thanks

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A good day to watch and learn how Ata's methods work when some of the tools used seemed extreme. I also noticed how the crossing point of the magnetic line, where the line is then doubled out, is a strong support point during the pullback, in this ...

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I also think from a structure point of view, this correction only had one leg, so far. That's unusual, unless it's sharp and fast. This one sure wasn't. Let's face it, we all see things differently, but my powder is dry for now. Even if I miss a ...

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Magnetic line on the hourly to the down side is around 1648, IF 1675 doesn't hold

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My bullshit meter is on high alert watching this price action. It's got everyone leaning long......... I'm gonna watch for a while. My CCI is not in sync to get long for a start. H & S is another. Steep LO line, probably not sustainable.

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How about "The Longest Yard" Burt Reynolds movie

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Divergences happen whenever the market slows down from the big steps in the mains flows direction. Let me throw a small insight that I can't prove as of yet ( not been here long enough), but, match up the magnetic line and price hitting that zone ...

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In my world that's called a wash and rinse. Take em down, get everybody thinking short and then bust it up.

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Another way to study the magnetic line is to go to the search area and punch in KiwiOz. He had a forum on the magnetic line, it's 68 pages long and you can see 100's of examples of the drawing of magnetic lines. Ata mentioned this forum last Friday, ...

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The basis for analysis is the hourly chart. Then it's your choice if you want to use a 5 min or 15 minute to refine your entry.

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Try post #34924 MrMalik1 put it together

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The magnetic line is for the target!!!!

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Price looks like it's stuck between a cloned line and LO, for the moment anyway.

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Ata, Over the weekend I read a fair amount of the KiwiOz thread and I noticed that he used the standard CCI. Is your use of the MACD just a personal preference or is there a technical reason for the change?

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Seems to me, that anyone that's using Ata's methods should be on the sidelines waiting for a close above the cloned line off the open of the outside bar or a close under the LO. Just sayin and still watching and waiting!!!! While I was typing, he ...

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Magnetic line to the downside at around 1.154. Always interesting to watch the last 5 or 10 minutes of the hourly bar, you just never really know until it's done.

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Lets give credit to MrMalik1 for those PDF's, there's a lot of time and effort to put those together. Thanks again MrMalik1

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Ata, Thank you for all the informative posts today, in particular on the LO lines. Enjoy the weekend.

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There is this website url

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You gotta love it. A perfect reversal bar on the hourly, at a cloned LO/LO line and a fed official flaps his lips and everything explodes. Typical

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