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Magnetic Line Trading with KiwiOz

  • #581
  • Jun 26, 2014 5:37am Jun 26, 2014 5:37am
Dax (1 Hour)


Hi Tony,

Quoting Nagy Attila
Its time to goo long on DAX ??!!
What is the first impression you get when you look at this chart? Well I guess you are saying: hell no.. I would never go long now!

Happy Trades
Attached Image (click to enlarge)
Click to Enlarge Name: Dax006.jpg Size: 374 KB
Focus only on what truly matters!
  • #582
  • Jun 26, 2014 5:41am Jun 26, 2014 5:41am
Quoting Ata-Turkoglu
{quote} Actually that what you call "accumulation" is an illusion. Here I will give a Dax example: With Hedging: 1) Lets say you enter a long winning trade at 9120. 2) Then at price 9150 you hedge with a short trade in opposite direction. -> your profit so far is +30 points 3) Price goes back to 9130. You close your short hedge and now you are long again. -> your profit is still +30 points 4) Price goes to 9190 and you close your long winning trade. -> your profit still was +30 at 9130 and from there to 9190 you gained another +60 points. 5) Overall...
I agree, but if the hedges are done the same way as your 2nd option the result would be 110 point "without closing the trend trades.
Money Makes Money
  • #583
  • Jun 26, 2014 5:48am Jun 26, 2014 5:48am
Quoting KiwiOz
{quote} I agree, but if the hedges are done the same way as your 2nd option the result would be 110 point "without closing the trend trades.
With all due respect, I didn't get what you are trying to say Ian. Could you elaborate this idea? Like giving a step by step example.

Happy Trades
Focus only on what truly matters!
  • #584
  • Jun 26, 2014 5:52am Jun 26, 2014 5:52am
Dax (4 Hour)

Quoting Nagy Attila
Its time to goo long on DAX ??!!
And here are the targets I drew with magnetic lines. It looks crazy but targets are really low.. but I think only if price breaks the lower support line of tunnel.

PS: Personally, I would consider going long after price passes 9100 and climbs up to 9915 or so.

Happy Trades
Attached Image (click to enlarge)
Click to Enlarge Name: Dax007.jpg Size: 285 KB
Focus only on what truly matters!
  • #585
  • Jun 26, 2014 6:04am Jun 26, 2014 6:04am
Quoting Ata-Turkoglu
Dax (1 Hour) Hi Tony, {quote} What is the first impression you get when you look at this chart? Well I guess you are saying: hell no.. I would never go long now! Happy Trades {image}
Heeelll Yeahhh Im in , IM long baby
Too Much Is Never Enough
  • #586
  • Jun 26, 2014 6:10am Jun 26, 2014 6:10am
Quoting Nagy Attila
{quote} Heeelll Yeahhh Im in , IM long baby
I know exactly why you are going long. Well as a scalper I take that risk too from time to time but not here, not today. My personal decision is still waiting a little more to see a clear return. Good luck for you buddy.

Happy Trades
Focus only on what truly matters!
  • #587
  • Jun 26, 2014 6:14am Jun 26, 2014 6:14am
Quoting Ata-Turkoglu
{quote} I know exactly why you are going long. Well as a scalper I take that risk too from time to time but not here, not today. My personal decision is still waiting a little more to see a clear return. Good luck for you buddy. Happy Trades
Hehe its not a scalper it should be a a 100-150 pip trade

Thanks for the best wishes
Too Much Is Never Enough
  • #588
  • Jun 26, 2014 6:24am Jun 26, 2014 6:24am
Quoting Nagy Attila
{quote} Hehe its not a scalper it should be a a 100-150 pip trade Thanks for the best wishes
You are welcome buddy.. but still would appreciate if you could share why you have entered at that point. I really would like to know based on what you made that decision :nerd:

Happy Trades
Focus only on what truly matters!
  • #589
  • Jun 26, 2014 6:31am Jun 26, 2014 6:31am
Quoting Ata-Turkoglu
{quote} You are welcome buddy.. but still would appreciate if you could share why you have entered at that point. I really would like to know based on what you made that decision :nerd: Happy Trades
Maybe latter
Too Much Is Never Enough
  • #590
  • Jun 26, 2014 6:44am Jun 26, 2014 6:44am
Quoting Ata-Turkoglu
{quote} You are welcome buddy.. but still would appreciate if you could share why you have entered at that point. I really would like to know based on what you made that decision :nerd: Happy Trades
DAX30
Attached Image (click to enlarge)
Click to Enlarge Name: 69.PNG Size: 59 KB
Too Much Is Never Enough
  • #591
  • Jun 26, 2014 7:02am Jun 26, 2014 7:02am
Quoting Nagy Attila
{quote} DAX30 {image}
Ok.. its really like I guessed. Of course that peak is a good sign for a return but still it isn't confirmed. So I will wait till price breaks and drills trough the 00 level. Here its the 9900 price level. I agree with your 1H breakout peak but I expected something extraordinaire that would let me say ahaaaaa! Hmm maybe next time.

Happy Trades
Focus only on what truly matters!
  • #592
  • Jun 26, 2014 7:15am Jun 26, 2014 7:15am
Quoting Ata-Turkoglu
{quote} With all due respect, I didn't get what you are trying to say Ian. Could you elaborate this idea? Like giving a step by step example. Happy Trades
Hahaa. No worries. I will step it out on a chart over the weekend to try to explain. One thing. By holding the trade I would ADD after each retrace, so after the first retrace I would have 2 trades going with the trend & after several retraces I would have several trades going with the trend. By holding the trades one would have the confidence to ADD trades. This would multiply the profits. Hope this explains a little...Cheers.
Money Makes Money
  • #593
  • Jun 26, 2014 7:18am Jun 26, 2014 7:18am
Quoting KiwiOz
{quote} Hahaa. No worries. I will step it out on a chart over the weekend to try to explain. One thing. By holding the trade I would ADD after each retrace, so after the first retrace I would have 2 trades going with the trend & after several retraces I would have several trades going with the trend. By holding the trades one would have the confidence to ADD trades. This would multiply the profits. Hope this explains a little...Cheers.
Okay now I am getting some image of what you are trying to say.. will definitely try to make some additional ideas about this technique..

Many Thanks Ian,

Happy Trades
Focus only on what truly matters!
  • #594
  • Jun 26, 2014 7:19am Jun 26, 2014 7:19am
Quoting Ata-Turkoglu
Dax (4 Hour) {quote} And here are the targets I drew with magnetic lines. It looks crazy but targets are really low.. but I think only if price breaks the lower support line of tunnel. PS: Personally, I would consider going long after price passes 9100 and climbs up to 9915 or so. Happy Trades {image}
Nice MLs mate but a little ambitious. Go for easy targets, not hard ones. nd always watch for a break of that purple line.. Example.
Attached Image (click to enlarge)
Click to Enlarge Name: dax30h4.png Size: 42 KB
Money Makes Money
  • #595
  • Jun 26, 2014 7:36am Jun 26, 2014 7:36am
Quoting KiwiOz
{quote} Nice MLs mate but a little ambitious. Go for easy targets, not hard ones. nd always watch for a break of that purple line.. Example. {image}
yeah I must have been born ambitious.. hehehh okay, next time I'm gonna follow that advice buddy.. and I can't get rid of that feeling that Dax soon will completely hit south. My guts are talking too much these days

Happy Trades
Focus only on what truly matters!
  • #596
  • Jun 26, 2014 8:50am Jun 26, 2014 8:50am
Dax 9800.. now I go long.. scalper..

Happy Trades
Focus only on what truly matters!
  • #597
  • Jun 26, 2014 9:04am Jun 26, 2014 9:04am
Quoting Ata-Turkoglu
Dax 9800.. now I go long.. scalper.. Happy Trades
Scalper?? I hope you dont mean me by that...anyway yiu should wach the headlines to mate ,,ECB may not have reached lower bound on rates – ECB sources from MNI'' posted 20 minutes ago right beffor the DAX went down

Happy Trades
Too Much Is Never Enough
  • #598
  • Jun 26, 2014 9:09am Jun 26, 2014 9:09am
Quoting Nagy Attila
{quote} Scalper?? I hope you dont mean me by that...anyway yiu should wach the headlines to mate ,,ECB may not have reached lower bound on rates – ECB sources from MNI'' posted 20 minutes ago right beffor the DAX went down Happy Trades
No no of course not.. I call my trade a "scalper"

I went long at 9800.. will add other longs if it goes down further.. will collect the profit later..

Happy Trades
Focus only on what truly matters!
  • #599
  • Jun 26, 2014 9:18am Jun 26, 2014 9:18am
Quoting Ata-Turkoglu
{quote} No no of course not.. I call my trade a "scalper" I went long at 9800.. will add other longs if it goes down further.. will collect the profit later.. Happy Trades
Ohhh then soryy My bad
Should retreace it compleatly since it was a news trade
Too Much Is Never Enough
  • #600
  • Jun 26, 2014 9:20am Jun 26, 2014 9:20am
Quoting Nagy Attila
{quote} Ohhh then soryy My bad Should retreace it compleatly since it was a news trade
That's what I really expect buddy but to be sure we have to watch price action closely. Some "little fear" could trigger "bigger fears".

Oh and not to forget to mention.. if price comes back to 9820 or so I will assume the fear is over. That's based on my own strategy.

Happy Trades
Focus only on what truly matters!
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