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Magnetic Line Trading with KiwiOz

  • #261
  • May 21, 2014 6:04pm May 21, 2014 6:04pm
Quoting Nagy Attila
DAX30 hmmm ...200 pip drop setup???!!! 8H chart below {image}
Yay. I'll be in on that....
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  • #262
  • May 21, 2014 10:18pm May 21, 2014 10:18pm
LTC still leading the way....
Attached Image(s) (click to enlarge)
Click to Enlarge Name: btcusdh1.png Size: 30 KB
Click to Enlarge Name: ltcusdh1.png Size: 29 KB
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  • #263
  • May 21, 2014 10:19pm May 21, 2014 10:19pm
Ltc/Btc
Attached Image (click to enlarge)
Click to Enlarge Name: ltcbtcdaily.png Size: 33 KB
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  • #264
  • May 21, 2014 10:24pm May 21, 2014 10:24pm
Quoting KiwiOz
{quote} Hi razaali....I'm not interested in Gold until it breaks out & stops ranging.. Eur/Aud is worth trading short at the moment {image}
Eur/Aud short going well. Those of you who did their homework will have got the up trade & will be well into this down trade.
Attached Image (click to enlarge)
Click to Enlarge Name: euraudh1.png Size: 47 KB
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  • #265
  • May 21, 2014 10:28pm May 21, 2014 10:28pm
Quoting KiwiOz
{quote} Eur/Aud short going well. Those of you who did their homework will have got the up trade & will be well into this down trade. {image}
Same thing applies for the Ozzie in the opposite direction.
Attached Image (click to enlarge)
Click to Enlarge Name: audusdh1.png Size: 46 KB
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  • #266
  • May 21, 2014 11:14pm May 21, 2014 11:14pm
Need more practice and I guess a few tips might help. Hindsight is good, doing it live is a different story - heard that before

Attached Image (click to enlarge)
Click to Enlarge Name: euraudh1.png Size: 45 KB
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  • #267
  • May 22, 2014 12:33am May 22, 2014 12:33am
Quoting aud
Need more practice and I guess a few tips might help. Hindsight is good, doing it live is a different story - heard that before {image}
Not bad mate. your immediate target should be 1.4690. Take profit, then wait for the retrace to complete & get back in short again.
Attached Image (click to enlarge)
Click to Enlarge Name: euraudh1 (1).1.png Size: 48 KB
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  • #268
  • May 22, 2014 1:07am May 22, 2014 1:07am
Quoting KiwiOz
{quote} Not bad mate. your immediate target should be 1.4690. Take profit, then wait for the retrace to complete & get back in short again. {image}
http://screencast.com/t/cHQGX0YDLIJk

Hi I am struggling to understand your method is there a PDF for it
  • #269
  • May 22, 2014 2:24am May 22, 2014 2:24am
Quoting asaljay
{quote} http://screencast.com/t/cHQGX0YDLIJk Hi I am struggling to understand your method is there a PDF for it
OK You need to first read this post.....http://www.forexfactory.com/showthre...=480208&page=7
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  • #270
  • May 22, 2014 2:29am May 22, 2014 2:29am
Quoting asaljay
{quote} http://screencast.com/t/cHQGX0YDLIJk Hi I am struggling to understand your method is there a PDF for it
On these charts you will see......
Purple lines are the true trend lines.
Once the trend lines are breached you start looking for the targets.
Yellow angled cross lines are are pinned to the obvious support or resistance points. From there you draw the vertical lines to find the Horizontal Target lines.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: euraudh4.png Size: 45 KB
Click to Enlarge Name: euraudh1.png Size: 38 KB
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  • #271
  • May 22, 2014 2:32am May 22, 2014 2:32am
Anyone got any comments on the behaviour difference between Ltc/Usd & Btc/Usd.?? They used to be 100% synchronised.
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  • #272
  • May 22, 2014 3:28am May 22, 2014 3:28am
Quoting KiwiOz
LTC still leading the way.... {image} {image}
Sorry folks. Didn't see that coming Cos I didn't look for it.....
Attached Image (click to enlarge)
Click to Enlarge Name: btcusdh1.png Size: 28 KB
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  • #273
  • May 22, 2014 4:32am May 22, 2014 4:32am
Quoting KiwiOz
{quote} OK You need to first read this post.....http://www.forexfactory.com/showthre...=480208&page=7
http://screencast.com/t/AxxtxaNo0


how is this am thinking TP at double bottom ? not trading it tho, need more practise
  • #274
  • May 22, 2014 4:59am May 22, 2014 4:59am
Quoting asaljay
{quote} http://screencast.com/t/AxxtxaNo0 how is this am thinking TP at double bottom ? not trading it tho, need more practise
Impossible to tell from your chart. However, on the 15 min chart your idea was right. Probably another wave down to the purple trend line.??
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdm15.png Size: 44 KB
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  • #275
  • May 22, 2014 5:01am May 22, 2014 5:01am
Quoting Nagy Attila
DAX30 hmmm ...200 pip drop setup???!!! 8H chart below {image}
DAX30

Hmmm...Im giving it a goo...lets see what happens

8H chart
Attached Image (click to enlarge)
Click to Enlarge Name: 42.PNG Size: 68 KB
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  • #276
  • Edited 8:12am May 22, 2014 5:26am | Edited 8:12am
I really like your method so I put this together.

Copy the Targetv01.ex4 file into your metatrader/MQL4/Indicators folder.

Reopen MT4, attach the indi to your chart.

Now select three points.

Press ESC to unload indicator.

-------

I've made a modification to the indicator. Please use the latest version (v3) attached.
Attached Image (click to enlarge)
Click to Enlarge Name: audusdh1.png Size: 28 KB
Attached File(s)
File Type: ex4 Targetv03.ex4   11 KB | 344 downloads
  • #277
  • May 22, 2014 5:55am May 22, 2014 5:55am
Quoting caldera
I really like your method so I put this together. Copy the Targetv01.ex4 file into your metatrader/MQL4/Indicators folder. Reopen MT4, attach the indi to your chart. Now select three points. Press ESC to unload indicator. {image}
Hi caldera...Not sure what you are trying to tell me..?? Have you put together an indicator or code to simulate the magnetic lines.??
If so, I would like to try it out.

edit...Just saw the file. will try it.
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  • #278
  • May 22, 2014 5:56am May 22, 2014 5:56am
Anyone nail this retrace.??
Attached Image (click to enlarge)
Click to Enlarge Name: euraudm15.png Size: 39 KB
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  • #279
  • May 22, 2014 5:59am May 22, 2014 5:59am
Yes it draws the lines automatically. Please try it out and let me know if you think it's useful.

Quoting KiwiOz
{quote} Hi caldera...Not sure what you are trying to tell me..?? Have you put together an indicator or code to simulate the magnetic lines.?? If so, I would like to try it out.
  • #280
  • May 22, 2014 6:42am May 22, 2014 6:42am
Quoting caldera
Yes it draws the lines automatically. Please try it out and let me know if you think it's useful. {quote}
Sorry mate. Can't get it to load in any of my Mt4s
Can you post it as a mq4 file.??
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