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Magic Hat replied Sep 1, 2010Thanks popsicle - I suspected it may have been answered already but with 16000+ pages to trawl through, had hoped someone would be good enough to reply. Ok, so rest of the year trading is just MORE EXTREME. I'll change from classical tunes to ...
Cable Update (GBPUSD)
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Magic Hat replied Sep 1, 2010Summer trading — Question for all your experienced types... I've seen you talk about the differences between trading in the summer and other times in the year. Would someone be kind enough to explain what these differences are and therefore ...
Cable Update (GBPUSD)
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Magic Hat replied Sep 1, 2010Ok - that was quite an enjoyable 5 mins! Hit my TP and now I'm out...
Cable Update (GBPUSD)
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Magic Hat replied Sep 1, 2010Some musings... Fibre has been rising all day. Swissy has been falling all day. We have had an 80 pip day so far. NY about to start. = possibitilty of another 50 pips and ride the dollar weakness to set a new high with the NY session. If we close ...
Cable Update (GBPUSD)
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Magic Hat replied Sep 1, 2010I took a long @ 5360 based on a 35/50ma cross on the m15 (EOHater special) but waited until the news reaction had ceased. Took half off @ 5385 and moved s/l to +3 and letting the rest ride. My overall view is currently bearish but after yesterday's ...
Cable Update (GBPUSD)
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Magic Hat replied Sep 1, 2010Good work...I missed the down turn by a couple of pips as had my PO at the 200ma...bad manufacturing news from the UK sent it down, although the numbers were only slightly under expectations. In my opinion, seems any hint of bad news in the UK sends ...
Cable Update (GBPUSD)
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Magic Hat replied Aug 30, 2010Here is my current h4 chart. Will look to play the range within the trend lines and then see where price takes us when it breaks out of the triangle...
Cable Update (GBPUSD)
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Magic Hat replied Aug 30, 2010Morning all - happy UK bank holiday...I should really be outside enjoying the sunshine (summer not over yet!). Anyhoo had a quick look at my charts. Currently flat. Looking at resistance around 5599 which was last week's high...also have trend line ...
Cable Update (GBPUSD)
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Magic Hat replied Aug 27, 2010Sounds splendid. Enjoy the bank holiday weekend.
Cable Update (GBPUSD)
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Magic Hat replied Aug 27, 2010Hi BBakker - managed to get out of work early then? Are you still holding onto your short from yesterday? Also - will you be trading on Monday? Only started trading in June so never traded on a bank holiday before...imagine the volume is lower than ...
Cable Update (GBPUSD)
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Magic Hat replied Aug 27, 2010It's just like a normal day in the office. Brilliant!

Cable Update (GBPUSD)
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Magic Hat replied Aug 27, 2010Should try a bit of scalping Joe - there is an identifiable range to buy and sell into. If your daily target is, for instance 100 pips, no point waiting for that 100 pip move, pick up a couple of 20s and you're well on the way!
Cable Update (GBPUSD)
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Magic Hat replied Aug 27, 2010Hi Jarnapal, good to have you on board. If you don't mind me asking, what level will you look for it to retrace to before you decide on a long? Above the day open or daily high or another level? Thank you
Cable Update (GBPUSD)
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Magic Hat replied Aug 26, 2010If you have a moment, would be most grateful if you would explain the relationship between es / dow futures and cable. Thanks.
Cable Update (GBPUSD)
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Magic Hat replied Aug 25, 2010I've got a lot of resistance in these areas...historical SR line @ 5472, the 38.2% fib retrace from weekly high of 5618 and low of 5371 is at 5466 (which has held firm a few this week) and the Daily R1 is at 5481. You are a braver man than me to go ...
Cable Update (GBPUSD)
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Magic Hat replied Aug 25, 2010Way I see it, unless poor results / news comes out of the US, the general trend for cable is downwards. Well, it has pretty much been that way since Monday 9th.
Cable Update (GBPUSD)
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Magic Hat replied Aug 25, 2010Think bbaker has mentioned it as well but I try and have 3 different targets in mind when I take a trade. For example, 1st target will be 10 pips away so close one part of your trade, 2nd target might be 25 pips away so close a second part of your ...
Cable Update (GBPUSD)