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Magnetic Line Trading with KiwiOz

  • #361
  • May 28, 2014 2:45am May 28, 2014 2:45am
Quoting chrissfx
Good morning, EurJpy could give nice intraday opportunity. Waiting for a clear break to short for 138.443... {image} regards Chriss
Yes I have 123.40 as my target.
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  • #362
  • May 28, 2014 3:03am May 28, 2014 3:03am
Quoting KiwiOz
{quote} Yes I have 123.40 as my target. {image}
Nice! So building up short-positions could have more potential... keeping that in mind during next retracements
  • #363
  • May 28, 2014 3:15am May 28, 2014 3:15am
Quoting chrissfx
{quote} Nice! So building up short-positions could have more potential... keeping that in mind during next retracements
Eur/Jpy behaving much better than Eur/Aud.
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  • #364
  • May 28, 2014 3:19am May 28, 2014 3:19am
Quoting Nagy Attila
{quote} Well looks like the top is IN ...
I'll only short it when it sets up a definite reversal signal. Maybe next week.??
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  • #365
  • May 28, 2014 3:29am May 28, 2014 3:29am
Quoting KiwiOz
{quote} I'll only short it when it sets up a definite reversal signal. Maybe next week.??
Maybe today
Too Much Is Never Enough
  • #366
  • May 28, 2014 3:40am May 28, 2014 3:40am
Quoting KiwiOz
{quote} Well done. GU looks like a 5th wave down to 1.687 before continuing the journey North. Not an easy pair to trade.
What's a good pair to work on first up?
Good Trading
  • #367
  • May 28, 2014 3:47am May 28, 2014 3:47am
Silver may retrace to the Daily pivot before heading on down to 18.80 & perhaps 18.65
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  • #368
  • May 28, 2014 3:55am May 28, 2014 3:55am
Quoting aud
{quote} What's a good pair to work on first up?
Looks like a good day to short Eu/Jpy, Au/Usd, Gp/Usd & Silver. Watch for the doggone Yankees to put in retracements though.
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  • #369
  • May 28, 2014 4:15am May 28, 2014 4:15am
How WEIRD is this. Yesterday all n sundry on the gold threads were talking about the crazy SPIKE. Just checked. It shows on the 1min to 1H charts only. NOT on the 4H & above..????????????????
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  • #370
  • May 28, 2014 4:58am May 28, 2014 4:58am
Quoting KiwiOz
How WEIRD is this. Yesterday all n sundry on the gold threads were talking about the crazy SPIKE. Just checked. It shows on the 1min to 1H charts only. NOT on the 4H & above..???????????????? {image} {image}
its your broker Mate...Ask for audit

1H Gold
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  • #371
  • May 28, 2014 5:13am May 28, 2014 5:13am
I was expecting gold to go up but that is not to be.
Gold finally broke out of the enclosing triangle & seems intent on going lower. I expect price to go back to the daily pivot before dropping to around 1227. That will be the 76.4 retrace so that should result in a retrace back to around 1270. After that.???
Expect a spike to the pivot on a couple of hours. Usually happens at 1pm London time.
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  • #372
  • May 28, 2014 5:19am May 28, 2014 5:19am
Quoting Nagy Attila
{quote} its your broker Mate...Ask for audit 1H Gold {image}
Same for me, no spike.
  • #373
  • May 28, 2014 5:20am May 28, 2014 5:20am
Quoting Nagy Attila
{quote} its your broker Mate...Ask for audit 1H Gold {image}
Not worrying me, wasn't in the trade, but something to be wary of.
Be interesting if everyone who did NOT get this spike on their charts to post their broker. Perhaps with comment on past crazy spikes too.
Maybe we can all find a broker to trust. GOLD is the main culprit for this unacceptable behaviour.
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  • #374
  • May 28, 2014 5:26am May 28, 2014 5:26am
Quoting KiwiOz
{quote} Not worrying me, wasn't in the trade, but something to be wary of. Be interesting if everyone who did NOT get this spike on their charts to post their broker. Perhaps with comment on past crazy spikes too. Maybe we can all find a broker to trust. GOLD is the main culprit for this unacceptable behaviour.
Broker: GFT


No spike's as far as I know..

Athough I did read somwhere that XTB Germany is very good ( low spred and no comision )
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  • #375
  • Edited 6:23am May 28, 2014 6:10am | Edited 6:23am
Quoting Nagy Attila
{quote} Broker: GFT No spike's as far as I know..
Im on GKFX and I had a few incidents with spikes and slippage and whatnot and they were always responsive and once actually refunded me a hit SL price and topped up my account to my TP price on one trade when they had a misprint (my position SL'd out but my TP was hit first according to their print so they respected it and changed my balance to reflect it).
Ive seen a few other big spikes posted on FF around and about that I dont see on my prints. So far my exp with GKFX is good then, but id never trust any broker 100%!

Also, KO I just wanted to get your experienced eyeball on this one before I get in too far with it. I'm still feeling my way into how you pinpoint the tops and bottoms to position you lines.
This one is on UTRY, a pair Ive been paying attention to it recently. Anyway, I drew a yellow after a breakout and it fit nicely, so I added a 2nd (in green) and a 3rd (blue). Does it look more or less correct according to the way you do it? Anything I missed?
(the template is from Davit for those who recognise it)
Thanks!
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  • #376
  • May 28, 2014 7:20am May 28, 2014 7:20am
Quoting gjgjg
{quote} Also, KO I just wanted to get your experienced eyeball on this one before I get in too far with it. I'm still feeling my way into how you pinpoint the tops and bottoms to position you lines. This one is on UTRY, a pair Ive been paying attention to it recently. Anyway, I drew a yellow after a breakout and it fit nicely, so I added a 2nd (in green) and a 3rd (blue). Does it look more or less correct according to the way you do it? Anything I missed? (the template is from Davit for those who recognise it) Thanks! {image}
I don't know this pair so hard to know the history. If you are looking to go long, this is how I see it.
The blue & green lines are drawn wrong. The cross angle lines should slope the other way.
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  • #377
  • May 28, 2014 7:42am May 28, 2014 7:42am
Crypto's
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  • #378
  • May 28, 2014 3:01pm May 28, 2014 3:01pm
Quoting KiwiOz
{quote} Well done. GU looks like a 5th wave down to 1.687 before continuing the journey North. Not an easy pair to trade.
We have touched today 1,67 in GU. ¿should we look now only for long entries? ¿is 1,67 a bottom for you??? It's a magnetic line? ¿wich signals would you add to confirm a retracement is coming???
  • #379
  • May 28, 2014 5:28pm May 28, 2014 5:28pm
Quoting KiwiOz
{quote} I don't know this pair so hard to know the history. If you are looking to go long, this is how I see it. The blue & green lines are drawn wrong. The cross angle lines should slope the other way. {image}
Cool thanks for the feedback, i didnt factor in the slope
  • #380
  • May 28, 2014 6:50pm May 28, 2014 6:50pm
Quoting Lavanda
{quote} We have touched today 1,67 in GU. ¿should we look now only for long entries? ¿is 1,67 a bottom for you??? It's a magnetic line? ¿wich signals would you add to confirm a retracement is coming???
180 pip drop begs for a retracement of some degree. Look for a retrace to the Daily pivot & maybe to the R1. Gu has the means to drop to 1.65 so I will wait to get in again a little higher. End of the month tomorrow.
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