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Magnetic Line Trading with KiwiOz

  • #541
  • Jun 19, 2014 5:25am Jun 19, 2014 5:25am
Quoting Ata-Turkoglu
{quote} Yes I set my SL at 10.040 (hence of spread and broker protection), after drawing too many lines I started to lose the focus because then it becomes very difficult to trust any of them. Do you have a trick to see when to draw.. where to draw??? Happy Trades
It hasn't committed itself to the retrace yet, but the MLs & the daily pivot coincide so a good trade to take I think. These retraces are best taken on the 15 min chart.
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Money Makes Money
  • #542
  • Jun 19, 2014 5:32am Jun 19, 2014 5:32am
Quoting KiwiOz
{quote} It hasn't committed itself to the retrace yet, but the MLs & the daily pivot coincide so a good trade to take I think. These retraces are best taken on the 15 min chart. {image}
Well I also relied on the divergence lines on my CCI.. so will wait and see.. at this point whatever we say or think, the market will speak the last word.

Happy Trades
Focus only on what truly matters!
  • #543
  • Jun 19, 2014 7:06am Jun 19, 2014 7:06am
Dax

Quoting Ata-Turkoglu
{quote} Well I also relied on the divergence lines on my CCI.. so will wait and see.. at this point whatever we say or think, the market will speak the last word. Happy Trades
Closed short with +7 points.. market is too slow.. waiting seems to be better at the moment..
Focus only on what truly matters!
  • #544
  • Jun 19, 2014 4:38pm Jun 19, 2014 4:38pm
Quoting KiwiOz
GOLD... The blue lines show the first target hit. The yellow lines show the next target projection. However. Often the first target is also the last target. SO. A break of the purple lines in either direction should show the true intention of Gold. {image}
And the true colors of Gold & Silver are revealed...........
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  • #545
  • Jun 19, 2014 6:24pm Jun 19, 2014 6:24pm
Ozzie & Gold have a loose correlation history with Ozzie following golds moves a few days later. Interesting to see if Ozzie follows gold next week.
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Money Makes Money
  • #546
  • Jun 20, 2014 3:20am Jun 20, 2014 3:20am
GBP/JPY (15 min)

Here it seems like the two targets have been reached.. regarding to your system Ian, what do we have to do? Am I have to wait till the trendline is broken or continue drawing 3rd, 4th and so on targets? What would you do?

Happy Trades
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Focus only on what truly matters!
  • #547
  • Jun 20, 2014 3:47am Jun 20, 2014 3:47am
GBP/JPY (15 min)

Quoting Ata-Turkoglu
GBP/JPY (15 min) Here it seems like the two targets have been reached.. regarding to your system Ian, what do we have to do? Am I have to wait till the trendline is broken or continue drawing 3rd, 4th and so on targets? What would you do? Happy Trades {image}
I have altered the chart with a 3rd target.. and it was almost touched.. but still couldn't.. I think a downward move is approaching on GJ.
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Focus only on what truly matters!
  • #548
  • Jun 20, 2014 4:21am Jun 20, 2014 4:21am
GBP/JPY (15 min)

I am getting the answers by myself lol... now a 4th target is gonna be touched soon.. seems like this final touch will form the 5th edge of an elliott wave.
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Focus only on what truly matters!
  • #549
  • Jun 20, 2014 4:52am Jun 20, 2014 4:52am
Dax (15 min)

As I was preparing this the 1st target has been touched already.. waiting for the second target to touch (only long trades today)

Happy Trades
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Focus only on what truly matters!
  • #550
  • Jun 20, 2014 5:04am Jun 20, 2014 5:04am
DAX30

Ohh boy I have some ichi fingerss
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Too Much Is Never Enough
  • #551
  • Jun 20, 2014 5:06am Jun 20, 2014 5:06am
Dax (15 min)

2nd target reached too.. retrace to first target.. target line now acts as support. But the very long bar makes me suspicious. Keep in mind that it could go down further where people get scary and start to sell.

Happy Trades
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Focus only on what truly matters!
  • #552
  • Jun 20, 2014 5:17am Jun 20, 2014 5:17am
Dax (1H)

On 1 hour chart it looks even crazier.. a touch around 10.130 to 10.150 could be possible soon (..maybe today Tony? )

Happy Trades
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Focus only on what truly matters!
  • #553
  • Jun 20, 2014 5:20am Jun 20, 2014 5:20am
Quoting Ata-Turkoglu
Dax (1H) On 1 hour chart it looks even crazier.. a touch around 10.130 to 10.150 could be possible soon (..maybe today Tony? ) Happy Trades {image}
HY Ata

Im not touching it ...
Too Much Is Never Enough
  • #554
  • Jun 20, 2014 5:23am Jun 20, 2014 5:23am
Quoting Nagy Attila
{quote} HY Ata Im not touching it ...
Focus only on what truly matters!
  • #555
  • Jun 20, 2014 7:35am Jun 20, 2014 7:35am
Quoting Ata-Turkoglu
GBP/JPY (15 min) {quote} I have altered the chart with a 3rd target.. and it was almost touched.. but still couldn't.. I think a downward move is approaching on GJ. {image}
Hi Ata.. Sorry been out on the town all day n 1/2 the night.. Lol
You did well to get those targets off a 15 min chart. I only use a 15 min chart for daily retracements.
On the 4h chart you would have seen them earlier...( two weeks ago)
The dotted line was drawn straight then confirmed on the 1h chart.
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  • #556
  • Jun 20, 2014 7:39am Jun 20, 2014 7:39am
Quoting Nagy Attila
{quote} HY Ata Im not touching it ...
I don't blame you mate.. I think Dax n Sp500 are only for going long on dips.
Money Makes Money
  • #557
  • Jun 20, 2014 8:19am Jun 20, 2014 8:19am
Quoting KiwiOz
{quote} Hi Ata.. Sorry been out on the town all day n 1/2 the night.. Lol You did well to get those targets off a 15 min chart. I only use a 15 min chart for daily retracements. On the 4h chart you would have seen them earlier...( two weeks ago) The dotted line was drawn straight then confirmed on the 1h chart. {image}
Hi Ian, no need to be sorry.. and thanks for the advice for trying to draw the lines on bigger timesframes like the 4h.. that will be helpful indeed.. but yes my focus is aimed mainly on the 15m and 1h charts. I use them in accordance with the trend on the 1h and 1d timeframes. And magnetic lines are helping me even for scalping on smallest timeframes like 1 and 5 minute charts. So I am using all options as long as they fit my needs.

Happy Trades
Focus only on what truly matters!
  • #558
  • Jun 20, 2014 8:35am Jun 20, 2014 8:35am
GBP/JPY (4h)

The idea of drawing the lines from the bottom of the retrace looks fantastic. It fits so nicely on my GBP/JPY... WOW

Happy Trades
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Focus only on what truly matters!
  • #559
  • Jun 23, 2014 5:32am Jun 23, 2014 5:32am
DAX (1H)

It seems like Dax traders are taking out profits. First target reached, waiting for 2nd target.
It's a short day Monday for me.. if not scalping then I take only short trades today

Happy Trades
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Focus only on what truly matters!
  • #560
  • Jun 23, 2014 5:53am Jun 23, 2014 5:53am
DAX30

Looks like we might goo higher

Looks Like a H&S whit green but whit a trangle breakout on the Menu
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Too Much Is Never Enough
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