Trading the magic lines

On this thread I'll post my setup charts as I trade them, the system is very profitable.

I'll publish the stats to my account.

My rules for a trade:

TF: H1,H4, Daily, Weekly.

I trade swing against the line the "magic lines", using pending orders.

SL 35-50 pips, first TP 1:1, after taking TP1, move the stop to B/E and the next target is the next level.

The lines are dynamic support and resistance, very accurate, so a close SL (stop) can be used.

If the trend is strong and hit the stop, I'll consider taking a breakout trade.

Wish you all good trading,

CCI21.

some levels for swing trade, sl=50 pips tp1=50 tp2= next level
cci21

I have shorted the pair @1.4249 [email protected] [email protected]
The levels for today:

Tp moved to next rres. line @1.4215.
cci21

another swing trade, short the usdjpy at magic line @94.498.
I'll look for bounce @94.00 or to buy it crossing back line @94.48.
good luck
cci21.

closed the short before news +14 pips.
took long on the break of 94.48 [email protected] sl94.25
closed +36.7 pips

closed the short eur before the news +25 pips

long on rebound from line @1.0963 sl 1.0946 tp 1.10014.
.
cci21
closed -14 pips.

The levels that I intend to trade today, I'm long on the cable @1.6487.
I have merge 3 TF in one chart: green levels H1, orange - H4, yellow - daily levels.


good trading day
cci21
closed the long GBPUSD @1.6518 +30.7 pips.
short the eur @1.42, sl 1.4230 tp 1.4164, still open.
short eur closed -7 pips.
short @ 1.4249, sl 1.4256 tp 1.4216, open.
closed +33

took bounce from 1.4187 line @1.4189,I'll move the stop soon.

The account’s statement, started on 7/20/09, trades which I took using "golden levels".
I'll continue to share these levels daily.
.

I intend to trade these lines, orange lines are based on H4 TF, the yellow for daily TF.
Have a good day,
cci12.



opend eur, long @1.4237 sl 1.4190 tp 1.4275. closed + 14 pips.
opend gbp, long @1.6493 sl 1.6460 tp next line @1.6548. closed -33 pips.

Hi Brother.. I can see perfect bounce in your magic line .. especially @ 1.4275

nice man nice

yes wedwed, took this one again and sill holding, traget 1.4202.
could bounce up from there.
took wining trades on usdcad and audjpy,too.
thanks,
cci12.

Wow !! you are perfect man.

Perfect Bounce again @ 4204 Great man

the update lines, see the charts.
have a good day.
cci12.
I'm short on the eur 0.5 possition and 0.5 on limit sell.

Hello cci12,

The magic lines are a thing of beauty.

Thank you very much,

trade987

short euro @ 1.4290 (a little late entry,was not limit order), hit target @ 1.4265
+25 pips,still holding 0.5 posstion for 1.4256.
short on gbpusd, 1.6514 still open.
thank u trade987.
good day.
cci12
the other eur short hit 1.4255 target. +20 pips
short gbp hit target @1.6482 + 32 pips.
looking for bounce from 1.4200-03 cluster.

eurusd - strong support at cluster 1.4164-1.4155, still holding long from yesterday entered @ 1.4162 sl 1.4152 tp 1.42.
good luck,
cci12.