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Magnetic Line Trading with KiwiOz

  • #81
  • Apr 26, 2014 7:15pm Apr 26, 2014 7:15pm
Quoting aeternum
{quote} 1. Am I right to say, for example if it is ranging and it breaks higher, you would use the top two resistance areas? And if it is trending upwards, you would use the consolidation areas for your indicator? 2. Does your CCI have anything to do with it? Edit: 3. Could you update the link where we can download your indicator? I would like to play around with it Edit: 4. Sorry I was looking at your gold chart and I noticed you connected the left side to a bottom and the right side to a top, what type of situation...
1. Yes correct
2. I have found the CCI the most accurate in warning of a trend change & break outs. Break outs especially on the 15 min chart.
3. http://www.forexfactory.com/search.php?searchid=9506047
4. Unusual & understandably confusing for others like yourself. I got the right side point by drawing it on the 30 min chart & ticking the 30min, 1h & 4h Boxes to show the line on all 3 charts. The 30 min chart shows a clear support to draw to.
The fact that the line ended up on top of a 4h resistance point is coincidental, but shows how the drawn lines often end up as future support & resistance lines.
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  • #82
  • Apr 26, 2014 7:33pm Apr 26, 2014 7:33pm
Quoting medvic
{quote} Dr. Oz, (in forex), 1220? what abt timing? situation in Ukraine deteriorating every day, as I know Russia holds some? US debts, what if in retaliation to Obama/EU actions putin through out some US papers on the market? They already alliancing with China trying to do business avoiding US dollar. Can you imagine the implications of it on gold? For sure Russia has some plans and it can be executed any time... I think we see some actions when EU/US sanctions bite Russians a bit more... Thanks for your view dr. OZ
True & that's why we all must have stop losses in place. There is always the chance of a surprise. Especially with Gold. My target at present is indeed 1220, but there is no telling what path it will take getting there.
If 1220 is to be achieved, Gold must turn back on Monday or tuesday Although the FOMC is not until Thursday so maybe Gold will go side ways all week.??
Gold has a bad habit of using US major announcements as a catalyst for it's move changes.
Failing a return to the downside we will have to look seriously at 1600
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  • #83
  • Apr 26, 2014 7:52pm Apr 26, 2014 7:52pm
Here is something I had forgotten about because I have been doing it so long I just do it automatically.
The RED target will not be successful. Why.?? Look at the GAP. It is full of candle wicks. Look at the other gaps where I have drawn lines. They are clear with no candle clutter. A sure sign to watch for.
Attached Image (click to enlarge)
Click to Enlarge Name: btcusdm15.png Size: 47 KB
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  • #84
  • Apr 27, 2014 12:40am Apr 27, 2014 12:40am
I have some questions so thought I should post a chart, if that's ok.

Having looked at your charts and read the pdfs, I'm thinking you are drawing them a bit different and wondering if what I have done is in keeping with what you are teaching.

Attached Image (click to enlarge)
Click to Enlarge Name: goldm30.gif Size: 144 KB


Also these lines have all been drawn in hindsight, and given all the lines that could have been drawn, I'm not seeing how I would have done this live. I would need to have some consistency in seeing where to draw them live. Also I'm not seeing how I would have traded them given that according to the pdf, price needs to close over the trend line before entering the trade. Is just a mater of cherry picking the trades with enough distance to the target?
Good Trading
  • #85
  • Apr 27, 2014 2:01am Apr 27, 2014 2:01am
Quoting aud
I have some questions so thought I should post a chart, if that's ok. Having looked at your charts and read the pdfs, I'm thinking you are drawing them a bit different and wondering if what I have done is in keeping with what you are teaching. {image} Also these lines have all been drawn in hindsight, and given all the lines that could have been drawn, I'm not seeing how I would have done this live. I would need to have some consistency in seeing where to draw them live. Also I'm not seeing how I would have traded them given that according to the...
You have done quite well & I like your next target. You have picked gold to practice on. Not a easy pair to trade. You are using a 30min chart & as such you should be looking for breakouts from the "trend Lines." Trend lines do not have to refer to the overall direction. They can be used to catch breakouts from retracements (as shown with purple lines) just as well as showing the end of a major trend.
I think it may be best if I stop referring people to the PDFs. The old Demark system was primarily used on 4H charts & are not compatible with the way I now use them. The DeMark system gave me an excellent insight into this way of trading, however they are primitive compared to how I have found ways to find targets now. The general principle is basically the same but was not meant for scalping on lower time frames.
Attached Image (click to enlarge)
Click to Enlarge Name: xauusdm30.png Size: 47 KB
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  • #86
  • Apr 27, 2014 4:47am Apr 27, 2014 4:47am
Quoting KiwiOz
{quote} Hidehi Tony......You bought any Bitcoins yet.??
Hello Mate

Thinking of itt Im thinking of itt )

The first impression looks good...

Hove are you Mate ?? Everything all right??
Too Much Is Never Enough
  • #87
  • Apr 27, 2014 5:32am Apr 27, 2014 5:32am
Quoting Nagy Attila
{quote} Hello Mate Thinking of itt Im thinking of itt ) The first impression looks good... Hove are you Mate ?? Everything all right??
G'day mate. All good. Keep an eye on the Bitcoin price. Buy in when it looks to have bottomed. Should be a good investment. I'm looking forward to the day cryptocurrencies are the "Norm" It's great knowing I can send money all over the world without having to go through the Bloody banks with their 3 to 5 days clearance bullshit & bank wire transfers crap.
Hope your trading is going well....Cheers
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  • #88
  • Apr 27, 2014 6:31am Apr 27, 2014 6:31am
Quoting KiwiOz
{quote} G'day mate. All good. Keep an eye on the Bitcoin price. Buy in when it looks to have bottomed. Should be a good investment. I'm looking forward to the day cryptocurrencies are the "Norm" It's great knowing I can send money all over the world without having to go through the Bloody banks with their 3 to 5 days clearance bullshit & bank wire transfers crap. Hope your trading is going well....Cheers
Hey Mate you are still around at this hour???

Yeah the bank's..

All is good al is fine regarding trading.Doing some thinking about bitcoin...

I would have some questions regarding it :

1.Who is the liquidity provider for this market
2.I did download the Plus500 demo to make a idea of bitcoin but the trading softwear is crap...have to speak whit my broker if they can help me...would be nice to have it in my portofoli so that i can trade it on my softwear...
3.without liquidity would be intersting hove SL works???

did some tech assumptions reggarding technical's and it looks like it should come down a litel bit more and then a strong upp move but this are assumptions because pluss500 softwear is crap and i could not make a good approach...
Too Much Is Never Enough
  • #89
  • Apr 27, 2014 7:41am Apr 27, 2014 7:41am
Quoting Nagy Attila
{quote} Hey Mate you are still around at this hour??? Yeah the bank's.. All is good al is fine regarding trading.Doing some thinking about bitcoin... I would have some questions regarding it : 1.Who is the liquidity provider for this market 2.I did download the Plus500 demo to make a idea of bitcoin but the trading softwear is crap...have to speak whit my broker if they can help me...would be nice to have it in my portofoli so that i can trade it on my softwear... 3.without liquidity would be intersting hove SL works??? did some tech assumptions...
Ditto all the above Lol....Go to Btc-e https://btc-e.com/news/183 ..........Start an account with Btc-e
Download the MT4 platform. You can start a Demo or Real account or both.....
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  • #90
  • Apr 27, 2014 8:13am Apr 27, 2014 8:13am
Quoting KiwiOz
{quote} 1. Yes correct 2. I have found the CCI the most accurate in warning of a trend change & break outs. Break outs especially on the 15 min chart. 3. http://www.forexfactory.com/search.php?searchid=9506047 4. Unusual & understandably confusing for others like yourself. I got the right side point by drawing it on the 30 min chart & ticking the 30min, 1h & 4h Boxes to show the line on all 3 charts. The 30 min chart shows a clear support to draw to. The fact that the line ended up on top of a 4h resistance point is coincidental, but...
Sorry Kiwi, but your link leads to the search and it is expired?
A 1 pip gain is better than a 1 pip loss.
  • #91
  • Apr 27, 2014 8:31am Apr 27, 2014 8:31am
Quoting aeternum
{quote} Sorry Kiwi, but your link leads to the search and it is expired?
sorry. try this.
Attached File(s)
File Type: mq4 CCI_Woodies_Lnx_v6.mq4   9 KB | 477 downloads
File Type: ex4 CCI_Woodies_Lnx_v6.ex4   8 KB | 502 downloads
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  • #92
  • Apr 27, 2014 8:35am Apr 27, 2014 8:35am
I have added my indicators to the 1st Post.
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  • #93
  • Apr 27, 2014 8:38am Apr 27, 2014 8:38am
Quoting KiwiOz
{quote} sorry. try this. {file} {file}
Awesome, will test it soon cheers!
A 1 pip gain is better than a 1 pip loss.
  • #94
  • Apr 27, 2014 10:34am Apr 27, 2014 10:34am
Quoting KiwiOz
{quote} Ditto all the above Lol....Go to Btc-e https://btc-e.com/news/183 ..........Start an account with Btc-e Download the MT4 platform. You can start a Demo or Real account or both.....
Thank's IAN

I downloade the MT4...doing some demo...have some short order

Im gonna play whit it from monday afthernon whit it...gonna keep you posted and upload some chart the next week

Thank you very much...

Cheer's
Too Much Is Never Enough
  • #95
  • Edited 11:15am Apr 27, 2014 10:55am | Edited 11:15am
Ok this id what Im looking ffor...and just testing bitcoin o a demo BitCoin

1 H Chart
Attached Image (click to enlarge)
Click to Enlarge Name: 17.PNG Size: 67 KB
Too Much Is Never Enough
  • #96
  • Apr 27, 2014 12:27pm Apr 27, 2014 12:27pm
Quoting KiwiOz
Here is something I had forgotten about because I have been doing it so long I just do it automatically. The RED target will not be successful. Why.?? Look at the GAP. It is full of candle wicks. Look at the other gaps where I have drawn lines. They are clear with no candle clutter. A sure sign to watch for. {image}
Sorry Kiwi, I do not know which Indicator draws the Magnetic trend lines? They don't seem to be drawing anything
A 1 pip gain is better than a 1 pip loss.
  • #97
  • Apr 27, 2014 2:13pm Apr 27, 2014 2:13pm
hi kiwi, already build your indi, here is the view. why only two lines seen by me?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_22.jpg Size: 148 KB
  • #98
  • Apr 27, 2014 8:06pm Apr 27, 2014 8:06pm
Quoting criztaliz
hi kiwi, already build your indi, here is the view. why only two lines seen by me? {image}
Here are the Woodies CCI settings I use.
14
14
25
34
1
Cheers
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  • #99
  • Apr 27, 2014 8:07pm Apr 27, 2014 8:07pm
Quoting aeternum
{quote} Sorry Kiwi, I do not know which Indicator draws the Magnetic trend lines? They don't seem to be drawing anything
The magnetic lines are drawn by hand. You just gotta figure out where to place them.
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  • #100
  • Apr 27, 2014 8:08pm Apr 27, 2014 8:08pm
Quoting Nagy Attila
Ok this id what Im looking ffor...and just testing bitcoin o a demo BitCoin 1 H Chart {image}
Cheers Tony......Your' already in the money.....
How about joining in on the Bitcoin thread too.
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