Magnetic Line Trading with KiwiOz

Quoting Nagy Attila

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{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}

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Quoting Ata-Turkoglu

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{quote} Here my 1H chart. Little differences I think, right? {image}

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Quoting Nagy Attila

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{quote} Ohhh I think the differace is because I can trade Dax round the hour , I mean 24/5 a week .My broker Is a Merket maker and he alowes me to trade DAX afther market close too...So there are some extra candles on my chart... Thank you for pointing this out to me , I tought I have some price action differance on my chart but this is ok Thank you

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Quoting Nagy Attila

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Uk official Bank Rate triggerd bull setup soo I would be byer around 9884...although close all short position ...Still ECB to come EDIT: if ECB dosen cut rate then DAX is gonna fly I guess {image}

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Quoting Ata-Turkoglu

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{quote} On 4H chart the sell limit was so obvious.. shorted a scalp trade at the touch of line.. was quick nice trade.. +26 points {image}

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Quoting Nagy Attila

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{quote} Congrats Ata Nice move

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Quoting Ata-Turkoglu

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10000 reached on DAX..

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Quoting Ata-Turkoglu

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In the meantime I wanted to share this practical little indicator to have the 1H and 1Day trend direction in front of your eyes, while you are on a smaller time frame. The real inventors use it with their trading system but I use it only to synchronise myself with the general trend. If both are green then odds higher for long.. if both are red...... but you get the idea PS: -I am always automatically allowing dll imports but really dont know too much if it works without it.. -To better position it on your chart play with Shift_UP_DN (I use -5)...

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Quoting KiwiOz

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{quote} Nice Indi'. Thanks mate.

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Quoting KiwiOz

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Silver slowly retracing.. {image}

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Quoting Ata-Turkoglu

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{quote} U r welcome.. I hope it gives some extra confidence.. and yes Euro and Dax are both European but what I heard is that Dax is mainly traded by people outside of europe.. well is it real or gossip I don't know, but it seems like they are have no orderly relation with each other. Sometimes they flow together sometimes they don't. ...and hi to all GJ traders.. I think the pair will go north for a while before it starts a big nice drop again.. maybe 172.90 or 173 could be a target.. can anyone support my theory or negate??? Happy Trades

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Quoting KiwiOz

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{quote} Hope Y'all got the Gold n Silver trade of the week..

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Quoting Ata-Turkoglu

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{quote} I rely on a person I spoke to that Silver will drop even more.. so short time based I believe there will be a retrace but for serious long I will wait till the 1H chart breaks the resistance around 18.20 to 18.00 and drops even more.. if that never happens I jump in for a long after the break of the main trendline (the line from 22.19 to 19.94 on weekly chart) but thanks for your advice KiwiOz P.S: and thanks for the GJ analysis.. great support.. appreciate it buddy.. Happy Trades

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Quoting KiwiOz

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{quote} Gold n Silver are only retracing. Maybe to 1275 & 19.50. Can't tell yet. However I think only a retrace then on down to new lows

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