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Magnetic Line Trading with KiwiOz

  • #421
  • Jun 3, 2014 2:42am Jun 3, 2014 2:42am
DAX proving tough to short... Nice dive coming.???
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  • #422
  • Jun 3, 2014 3:00am Jun 3, 2014 3:00am
Quoting KiwiOz
DAX proving tough to short... Nice dive coming.??? {image}
You are right a nice fall down could be considered, but the actual economic flow of Germany whispers me that DAX could climb even higher after to 10.200 or even 10.500 in coming weeks. We will see..
Focus only on what truly matters!
  • #423
  • Jun 3, 2014 4:52am Jun 3, 2014 4:52am
Quoting Ata-Turkoglu
{quote} You are right a nice fall down could be considered, but the actual economic flow of Germany whispers me that DAX could climb even higher after to 10.200 or even 10.500 in coming weeks. We will see..
I agree. Dax is right on a target now & the next is at 10550. So a decent retrace is likely any time.
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  • #424
  • Jun 3, 2014 5:01am Jun 3, 2014 5:01am
Quoting KiwiOz
{quote} I agree. Dax is right on a target now & the next is at 10550. So a decent retrace is likely any time. {image}
Exactly.. you explained it much better.. my only problem is a short trade I stupidly forgot to close in time at 9910.. so I am in a hedge position now and will try to close that short if price falls today or this week before it goes up again.. if it doesnt no problem.. sooner or later it will come down anyway lol
Focus only on what truly matters!
  • #425
  • Jun 3, 2014 5:51am Jun 3, 2014 5:51am
Quoting KiwiOz
DAX proving tough to short... Nice dive coming.??? {image}
Well ...From my point of view DAX bearish setup is triggerd...just saying

Good Luck
Too Much Is Never Enough
  • #426
  • Jun 3, 2014 6:06am Jun 3, 2014 6:06am
Quoting Nagy Attila
{quote} Well ...From my point of view DAX bearish setup is triggerd...just saying Good Luck
Aaahhh Your finally outa bed..
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  • #427
  • Jun 3, 2014 6:06am Jun 3, 2014 6:06am
Quoting Nagy Attila
{quote} Well ...From my point of view DAX bearish setup is triggerd...just saying Good Luck
I started to believe the same way.. the belief towards 10.000 points weakens as I read the latest news. I am still just watching in a hedge position now, ECB will decide the next step I believe..
Focus only on what truly matters!
  • #428
  • Jun 3, 2014 6:21am Jun 3, 2014 6:21am
Quoting Ata-Turkoglu
{quote} I started to believe the same way.. the belief towards 10.000 points weakens as I read the latest news. I am still just watching in a hedge position now, ECB will decide the next step I believe..
Dax comin down & DJ too.
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  • #429
  • Jun 3, 2014 6:28am Jun 3, 2014 6:28am
Quoting KiwiOz
{quote} Dax comin down & DJ too.
Yes have noticed that.. as I mentioned before Dax and Dow are carbon copies of each other, especially after Dow session opens in USA. What I also noticed is that Dax moves with Dow synchronized but slower. (I mean very roughly lets say if Dow moves 10 points then DAX moves only 3 points).

I am still bullish minded.. will wait till ECB rate decision is announced on Thursday.
Focus only on what truly matters!
  • #430
  • Jun 3, 2014 6:47am Jun 3, 2014 6:47am
Quoting Ata-Turkoglu
{quote} Yes have noticed that.. as I mentioned before Dax and Dow are carbon copies of each other, especially after Dow session opens in USA. What I also noticed is that Dax moves with Dow synchronized but slower. (I mean very roughly lets say if Dow moves 10 points then DAX moves only 3 points). I am still bullish minded.. will wait till ECB rate decision is announced on Thursday.
Thursday..This retrace may be over by then & that would kick start the next up move.
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  • #431
  • Jun 3, 2014 6:57am Jun 3, 2014 6:57am
Quoting KiwiOz
{quote} Thursday..This retrace may be over by then & that would kick start the next up move.
I see what you are emphasizing.. so as soon as this downward movement ends I will close my hedged short first and will open an additional long again after ECB. Got the idea?
Focus only on what truly matters!
  • #432
  • Jun 4, 2014 2:51am Jun 4, 2014 2:51am
Is there anything I missed that would have kept me out of this trade? Or is it just a case of it didn't work, accept the loss and move on?

I notice the AUDUSD turned up sooner than expected.

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  • #433
  • Jun 4, 2014 8:45am Jun 4, 2014 8:45am
Quoting aud
Is there anything I missed that would have kept me out of this trade? Or is it just a case of it didn't work, accept the loss and move on? I notice the AUDUSD turned up sooner than expected. {image}
I assume you went Short. Drawing the lines the way you have will get you into trouble every time. Go back to page 2 of this thread to study Magnetic line drawing.
Aud/Nzd. seems destined for at least 1.1170 so I would not be shorting it.
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  • #434
  • Jun 5, 2014 2:37am Jun 5, 2014 2:37am
Thanks.
Good Trading
  • #435
  • Jun 5, 2014 4:41am Jun 5, 2014 4:41am
Nagy is silent these days anyway.. this is my DAX scenario that could come in place as soon as ECB Draghi spit out his comments.

I am expecting some fake breakouts on the lower support lines but still believe that the 10.000 level will be broken in coming days.. (...or could it be today?)

We'll see..

Happy Trades
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Focus only on what truly matters!
  • #436
  • Jun 5, 2014 5:02am Jun 5, 2014 5:02am
Quoting Ata-Turkoglu
Nagy is silent these days anyway.. this is my DAX scenario that could come in place as soon as ECB Draghi spit out his comments. I am expecting some fake breakouts on the lower support lines but still believe that the 10.000 level will be broken in coming days.. (...or could it be today?) We'll see.. Happy Trades {image}
Hy Ata

Im just waching PA not much changed from my point of view so there is no need to post.
I atached to my post a 1H chart whit some trigger lines , support and reasistance.Im still loking to the down side although above 9950 I think the outcome would change...
As you pointed out there is ECB bid rate coming too so I have no idea whats gonna happen but gonna keep shorrt positions untyl proven wrong.Would be a good idea to hadge it whit Eur/Usd maybe ???...hmmm

Good Luck
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  • #437
  • Jun 5, 2014 5:29am Jun 5, 2014 5:29am
Quoting Nagy Attila
{quote} Hy Ata Im just waching PA not much changed from my point of view so there is no need to post. I atached to my post a 1H chart whit some trigger lines , support and reasistance.Im still loking to the down side although above 9950 I think the outcome would change... As you pointed out there is ECB bid rate coming too so I have no idea whats gonna happen but gonna keep shorrt positions untyl proven wrong.Would be a good idea to hadge it whit Eur/Usd maybe ???...hmmm Good Luck {image}
I understand.. right now I prefer to wait and even avoid hedging, because instead of weaken my concentration by trading two different pairs I go with the opportunities served by the actual pair. So you can hit and run when high volatility starts (by knowing how to time and what to do of course).

I am using FDAX with the broker FX-Pro. I noticed some little differences with your broker but its okay.. still talking the same language..

So lets see what Draghi will blah-blah today

Happy Trades
Focus only on what truly matters!
  • #438
  • Jun 5, 2014 5:39am Jun 5, 2014 5:39am
Quoting Ata-Turkoglu
{quote} I understand.. right now I prefer to wait and even avoid hedging, because instead of weaken my concentration by trading two different pairs I go with the opportunities served by the actual pair. So you can hit and run when high volatility starts (by knowing how to time and what to do of course). I am using FDAX with the broker FX-Pro. I noticed some little differences with your broker but its okay.. still talking the same language.. So lets see what Draghi will blah-blah today Happy Trades
I noticed some little differences with your broker but its okay

Can you point out this differeces for me?? Please
Too Much Is Never Enough
  • #439
  • Jun 5, 2014 5:41am Jun 5, 2014 5:41am
Quoting Nagy Attila
{quote} Hy Ata Im just waching PA not much changed from my point of view so there is no need to post. I atached to my post a 1H chart whit some trigger lines , support and reasistance.Im still loking to the down side although above 9950 I think the outcome would change... As you pointed out there is ECB bid rate coming too so I have no idea whats gonna happen but gonna keep shorrt positions untyl proven wrong.Would be a good idea to hadge it whit Eur/Usd maybe ???...hmmm Good Luck {image}
Maybe we close the gap this time..
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  • #440
  • Jun 5, 2014 5:43am Jun 5, 2014 5:43am
Quoting Nagy Attila
{quote} I noticed some little differences with your broker but its okay Can you point out this differeces for me?? Please
Here my 1H chart. Little differences I think, right?
Attached Image (click to enlarge)
Click to Enlarge Name: fdax-1h-2014-06-05.jpg Size: 73 KB
Focus only on what truly matters!
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