Magnetic Line Trading with KiwiOz | Page 7 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

30% A Month - Magnetic Djasta 12 replies

My way of trading by Using trend line , BL line & febo level 76 replies

Magnetic Target Zone with Capped Martingale 115 replies

the magnetic lines 11 replies

PinoFX Magnetic System 11 replies

Attachments: Magnetic Line Trading with KiwiOz
Exit Attachments

Magnetic Line Trading with KiwiOz

  • #121
  • Apr 28, 2014 3:38am Apr 28, 2014 3:38am
Quoting aeternum
{quote} So you drew that horizontal line on your own too?
which one.??
Money Makes Money
  • #122
  • Apr 28, 2014 3:44am Apr 28, 2014 3:44am
Quoting KiwiOz
{quote} which one.??
Hey mate...Mind telling me why you are currently LONG Silver,.???
Money Makes Money
  • #123
  • Apr 28, 2014 4:16am Apr 28, 2014 4:16am
Quoting KiwiOz
{quote} which one.??
Well, all the horizontal lines.

I'm scalping 15m, 30m, 1H and 4H charts. I know it's heading down. I sold Gold earlier.
A 1 pip gain is better than a 1 pip loss.
  • #124
  • Apr 28, 2014 4:58am Apr 28, 2014 4:58am
Quoting aeternum
{quote} Well, all the horizontal lines. I'm scalping 15m, 30m, 1H and 4H charts. I know it's heading down. I sold Gold earlier.
All the lines are hand drawn except the angled lines with blue tails. they are the auto' trend lines showing the current support & resistance on the different time frames.
Money Makes Money
  • #125
  • Apr 28, 2014 5:02am Apr 28, 2014 5:02am
Quoting KiwiOz
{quote} All the lines are hand drawn except the angled lines with blue tails. they are the auto' trend lines showing the current support & resistance on the different time frames.
Angled lines with blue tails? I think that's the one I meant. How are they appearing? That's what I meant lol. Unless you're telling me that you drew all the lines there on your own, I'm pretty sure that some of your horizontal lines are drawn by an indicator of some sort right? How else would you be able to mark two consolidation areas and have a horizontal line come out to show you where your next target or area of support/resistance is at?
A 1 pip gain is better than a 1 pip loss.
  • #126
  • Apr 28, 2014 5:05am Apr 28, 2014 5:05am
Quoting KiwiOz
{quote} All the lines are hand drawn except the angled lines with blue tails. they are the auto' trend lines showing the current support & resistance on the different time frames.
In case I'm still not being clear, these lines are what I'm talking about. They don't seem to be hand drawn at all
Attached Image (click to enlarge)
Click to Enlarge Name: xauusdh4.png Size: 46 KB
A 1 pip gain is better than a 1 pip loss.
  • #127
  • Apr 28, 2014 5:25am Apr 28, 2014 5:25am
Quoting aeternum
{quote} In case I'm still not being clear, these lines are what I'm talking about. They don't seem to be hand drawn at all {image}
yep all hand drawn. There is no indicator able to draw such lines.
let's start with a fresh chart.

When the purple trend lines are broken I look for a new target in the opposite direction.
Let's say we are looking to go long.
Draw a line from one resistance point to the other. (Cross line. Usually drawn with the left side higher than the right when going long).
Draw a vertical line from the Lowest candle to where it intersects with the line drawn from support or resistance candles.
Move this line so the bottom of the line sits on the cross line.
The top of this vertical line becomes the target.
Attached Image (click to enlarge)
Click to Enlarge Name: audusddaily.png Size: 34 KB
Money Makes Money
  • #128
  • Apr 28, 2014 5:31am Apr 28, 2014 5:31am
IF the trade goes to plan & price bounces on the yellow line & does not go back above the purple trend line, then returns below the yellow line again, my next target will be the green line.
Attached Image (click to enlarge)
Click to Enlarge Name: audusddaily.png Size: 31 KB
Money Makes Money
  • #129
  • Apr 28, 2014 5:39am Apr 28, 2014 5:39am
There are always targets in BOTH directions so we must take then one at a time
Draw the purple trend lines & use them to guide you to trade in the right direction.
Sometimes it pays to wait & not trade until the direction is clear.
Attached Image (click to enlarge)
Click to Enlarge Name: audusddaily.png Size: 40 KB
Money Makes Money
  • #130
  • Apr 28, 2014 5:41am Apr 28, 2014 5:41am
Quoting aeternum
{quote} Angled lines with blue tails? I think that's the one I meant. How are they appearing? That's what I meant lol. Unless you're telling me that you drew all the lines there on your own, I'm pretty sure that some of your horizontal lines are drawn by an indicator of some sort right? How else would you be able to mark two consolidation areas and have a horizontal line come out to show you where your next target or area of support/resistance is at?
Colored lines with blue tails...Indicator attached.
But they are not the ones you arrowed. All manual lines on that chart.
Attached File(s)
File Type: mq4 TL_by_Demark_v6.mq4   13 KB | 875 downloads
Money Makes Money
  • #131
  • Apr 28, 2014 5:53am Apr 28, 2014 5:53am
Quoting KiwiOz
{quote} Colored lines with blue tails...Indicator attached. But they are not the ones you arrowed. All manual lines on that chart. {file}
These ones are the Auto support & resistance lines you will see on my charts. An invaluable indicator.
Attached Image (click to enlarge)
Click to Enlarge Name: audusddaily.png Size: 29 KB
Money Makes Money
  • #132
  • Apr 28, 2014 6:35am Apr 28, 2014 6:35am
Quoting KiwiOz
{quote} yep all hand drawn. There is no indicator able to draw such lines. let's start with a fresh chart. When the purple trend lines are broken I look for a new target in the opposite direction. Let's say we are looking to go long. Draw a line from one resistance point to the other. (Cross line. Usually drawn with the left side higher than the right when going long). Draw a vertical line from the Lowest candle to where it intersects with the line drawn from support or resistance candles. Move this line so the bottom of the line sits on the cross...
Oh now I get it! This is actually pretty awesome! How do you tell yourself to wait until the candles play itself out instead of closing early? I have issues with that, thus why I'm scalping
A 1 pip gain is better than a 1 pip loss.
  • #133
  • Apr 28, 2014 5:12pm Apr 28, 2014 5:12pm
Quoting aeternum
{quote} Oh now I get it! This is actually pretty awesome! How do you tell yourself to wait until the candles play itself out instead of closing early? I have issues with that, thus why I'm scalping
Just find the target. Set your TP & SL. Walk away & return later to count your $$$$$$$
Money Makes Money
  • #134
  • Apr 28, 2014 5:34pm Apr 28, 2014 5:34pm
Hey Tony. What's your thoughts on 8800 for the DAX.??? Or is it gearing up to go to a new high.?
Looks like all the commodities are about to fall over.?
Attached Image (click to enlarge)
Click to Enlarge Name: dax30daily.png Size: 42 KB
Money Makes Money
  • #135
  • Apr 28, 2014 6:07pm Apr 28, 2014 6:07pm
Ozzie heading south. 0.9110 looks like a jucy target........
Attached Image (click to enlarge)
Click to Enlarge Name: audusdh4.png Size: 33 KB
Money Makes Money
  • #136
  • Apr 28, 2014 6:14pm Apr 28, 2014 6:14pm
Gold retraced to the 61.8% Fib'. Needs to drop below 1290 to confirm the target at 1220..
Attached Image (click to enlarge)
Click to Enlarge Name: xauusdh4.png Size: 47 KB
Money Makes Money
  • #137
  • Apr 28, 2014 7:37pm Apr 28, 2014 7:37pm
Eur/Aud seems intent on 1.51 which ties in nicely with my Aud/Usd target of 0.9080....​
Attached Image (click to enlarge)
Click to Enlarge Name: eurauddaily.png Size: 43 KB
Money Makes Money
  • #138
  • Apr 28, 2014 7:58pm Apr 28, 2014 7:58pm
Possibly 1280 for Gold on the H1 chart. Having a bit of trouble seeing A/U H1 apart from the 0.9228 just reached.


Attached Image (click to enlarge)
Click to Enlarge Name: goldh1.png Size: 52 KB
Good Trading
  • #139
  • Apr 28, 2014 8:21pm Apr 28, 2014 8:21pm
Quoting aud
Possibly 1280 for Gold on the H1 chart. Having a bit of trouble seeing A/U H1 apart from the 0.9228 just reached. {image}

Check out both on the Daily chart.
Money Makes Money
  • #140
  • Apr 28, 2014 10:58pm Apr 28, 2014 10:58pm
Quoting KiwiOz
Eur/Aud seems intent on 1.51 which ties in nicely with my Aud/Usd target of 0.9080....​ {image}
eur/aud at 1.51 and aud/usd at 0.9080 would mean eur/usd at 1.51 x 0.9080 = 1.37, hence a 150 pip drop - long awaited.

Great thread and excellent explanations BTW.
2 traders viewing now