Attachments: Magnetic Line Trading with KiwiOz

Magnetic Line Trading with KiwiOz

#321
May 26, 2014 5:35am May 26, 2014 5:35am

Keytomarkets
| Commercial User | Joined Dec 2013 | 972 Posts

Quoting mikey632

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Good day u all; There is my professional opinion on Gold for this week....... {image}

Ignored

I like your EURAUD chart. I agree in a small correction downwards, but to complete a full head and shoulders down to 1.3115 there need a very strong growth in the Economy. I personally feel we might have a correction soon which will contribute to the downwards movement into the shoulder, but I would not expect the head and shoulder to break the base line if not within a couple of years.

But nice analysis

#322
May 26, 2014 5:41am May 26, 2014 5:41am

KiwiOz
| Commercial User | Joined Sep 2013 | 2,500 Posts

Quoting caldera

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Glad you got it to work. Try the latest version v0.08 attached. {quote} {file}

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great work mate. Many thanks.

Only one more request....Can you make it so I can choose which time frame(s) As with all other objects.

Cheers& thanks again.

Money Makes Money

#323
May 26, 2014 6:38am May 26, 2014 6:38am

KiwiOz
| Commercial User | Joined Sep 2013 | 2,500 Posts

Quoting Nagy Attila

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{quote} Hy Ata-Turkoglu It can goo upp to 10.000 , but Im just looking for a day trade .Im currently Short again from 9.866,5 and looking for 9.780,0 Edit: if we break this high then I see 10120,0 for next bull target... Thank you and good luck to you too Regards Attila 8H Chart {image}

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looks OK to me as a retracement trade. I have noticed DAX always closes any "gaps"

Attached Image (click to enlarge)

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#324
May 26, 2014 6:41am May 26, 2014 6:41am

Ata-Turkoglu
Joined May 2014 | Status: Full Time Trader | 27,096 Posts

Quoting KiwiOz

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{quote} looks OK to me as a retracement trade. I have noticed DAX always closes any "gaps" {image}

Ignored

Not "always" does it close the gap.. it closes gaps only when Dow Jones isn't interfering with a continuation of its earlier trend. So be careful and always have Dow Jones charts in mind!

Happy trades and good luck...

Focus only on what truly matters!

#325
Edited 3:11pm May 26, 2014 6:43am | Edited 3:11pm

caldera
Joined Nov 2009 | Status: Trader | 355 Posts

Visualization option included.

press V to restrict visualization to the current timeframe.

Final version (v1.02) attached.

I think the indicator works great as it is now, if there are any bugs I'll fix them but otherwise I won't be working on this indicator any longer. I'd like to see how useful it is as far as analysis is concerned so it would be great to see some charts.

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Minor improvement and slight modification to the indicator - latest version v1.02 attached.

Quoting KiwiOz

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{quote} great work mate. Many thanks. Only one more request....Can you make it so I can choose which time frame(s) As with all other objects. Cheers& thanks again.

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Attached File(s)

Targetv102.ex4 26 KB | 832 downloads

#326
May 26, 2014 6:56am May 26, 2014 6:56am

KiwiOz
| Commercial User | Joined Sep 2013 | 2,500 Posts

Quoting Ata-Turkoglu

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{quote} Not "always" does it close the gap.. it closes gaps only when Dow Jones isn't interfering with a continuation of its earlier trend. So be careful and always have Dow Jones charts in mind! Happy trades and good luck...

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Interesting. Thanks.

Money Makes Money

#327
May 26, 2014 6:58am May 26, 2014 6:58am

KiwiOz
| Commercial User | Joined Sep 2013 | 2,500 Posts

Quoting caldera

Disliked

Visualization option included. press V to restrict visualization to the current timeframe. Final version (v1.00) attached. I think the indicator works great as it is now, if there are any bugs I'll fix them but otherwise I won't be working on this indicator any longer. I'd like to see how useful it is as far as analysis is concerned so it would be great to see some charts. {quote} {file}

Ignored

Youv'e done great mate. Will post a chart or 3 tomorrow. Cheers.

Money Makes Money

#328
May 26, 2014 7:35am May 26, 2014 7:35am

Nagy Attila
| Joined Jul 2013 | Status: Smart Money | 646 Posts

Quoting KiwiOz

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{quote} looks OK to me as a retracement trade. I have noticed DAX always closes any "gaps" {image}

Ignored

Well it looks good to me too.The thing is that it has to goo up but a correction first might happen.From my point of view should come down to 9780.

I closed my Long position to for +2 pip and shorting again.Anyway is still monday

Too Much Is Never Enough

#329
May 26, 2014 2:58pm May 26, 2014 2:58pm

tradewiser
| Joined Jul 2006 | Status: Trader | 73 Posts

Thanks Caldera for a really useful indicator. I applied it to the GBPUSD below. There are 2 horizontal lines produced. The one at the 1.69 level I understand but why is there one at the 1.67 level?

Attached Image (click to enlarge)

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Size: 46 KB

#330
Edited 4:16pm May 26, 2014 3:32pm | Edited 4:16pm

caldera
Joined Nov 2009 | Status: Trader | 355 Posts

That also seems to be a relevant target level based on kiwiOz's analysis. Perhaps he can explain it in accordance with his system.

Quoting tradewiser

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Thanks Caldera for a really useful indicator. I applied it to the GBPUSD below. There are 2 horizontal lines produced. The one at the 1.69 level I understand but why is there one at the 1.67 level? {image}

Ignored

#331
May 26, 2014 3:45pm May 26, 2014 3:45pm

tradewiser
| Joined Jul 2006 | Status: Trader | 73 Posts

Thanks for the feedback. Interesting that essentially the magnetic lines develop from triangles. The importance of the triangle to mathematics and the world around us is absolutely tremendous.

Quoting caldera

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That also seems to be a relevant target level based on kiwiOz's analysis. Perhaps he can explain it in according with his system. {quote}

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#332
May 26, 2014 7:05pm May 26, 2014 7:05pm

KiwiOz
| Commercial User | Joined Sep 2013 | 2,500 Posts

WOW. The danger of trading Gold......And look where price is now. Right back where it started. Glad I was no where near it. Fast asleep & safe.
Note Silver did not go with Gold. Much safer to trade.
However, The Daily Gold chart shows a temporary break of the wedge, so maybe this is the sign to watch for a determined move North. OR is it a fakeout.???

Attached Image(s) (click to enlarge)

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Size: 36 KB

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Name: xauusddaily.png
Size: 44 KB

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#333
May 26, 2014 7:10pm May 26, 2014 7:10pm

KiwiOz
| Commercial User | Joined Sep 2013 | 2,500 Posts

Quoting tradewiser

Disliked

Thanks Caldera for a really useful indicator. I applied it to the GBPUSD below. There are 2 horizontal lines produced. The one at the 1.69 level I understand but why is there one at the 1.67 level? {image}

Ignored

Yes caldera has done a great job. Needs a few more tweaks but a good tool.
The lines are usually drawn seperately.
The line at 1.69 is the standard target line when the direction has changed.
The line at 1.67 is the line I draw to find a retracement target.
Drawing both at once is OK. When drawing for a direction target you find the retrace after the target is hit often comes back to the original retrace line.

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