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Magnetic Line Trading with KiwiOz

  • #621
  • Jun 26, 2014 7:37pm Jun 26, 2014 7:37pm
Gold. Still expecting a retrace to around 1295..
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  • #622
  • Jun 27, 2014 5:36am Jun 27, 2014 5:36am
Dax (15 min)

Wow.. you guys are so silent anyway... I am waiting to reach the short term targets on 15 min. chart. nothing special so far..

Happy Trades
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  • #623
  • Jun 27, 2014 5:46am Jun 27, 2014 5:46am
Quoting Ata-Turkoglu
Dax (15 min) Wow.. you guys are so silent anyway... I am waiting to reach the short term targets on 15 min. chart. nothing special so far.. Happy Trades {image}
Update.. I assume 1st target has been reached.. now will keep my short till 2nd target is reached or till yellow diagonal trendline is broken..

Happy Trades
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  • #624
  • Jun 27, 2014 7:09am Jun 27, 2014 7:09am
Dax (15 min)

Earlier mentioned trendline is now broken.. possible new 2 short-term targets (yellow).. (I am still holding the blue target in mind though)

Happy Trades
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  • #625
  • Jun 27, 2014 9:22am Jun 27, 2014 9:22am
Dax (15 min.)

It seems like trend is still short.. left the yellow targets in the background and concentrate more on the blue targets at the moment. Because its Friday there is a pressure of indecision. So we must trade carefully.

Happy Trades
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  • #626
  • Jun 27, 2014 10:04am Jun 27, 2014 10:04am
I am done.. slow Friday.. so will go and chill..

So stay cool and take care my fellows..

Happy Weekend
Focus only on what truly matters!
  • #627
  • Jun 27, 2014 2:16pm Jun 27, 2014 2:16pm
Have a nice weekend My Friends
Too Much Is Never Enough
  • #628
  • Jun 27, 2014 7:56pm Jun 27, 2014 7:56pm
DAX .... I still think down to 9660 is possible, however, this retrace back up is not finished. 9880 is the target & maybe on up to 9960.
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  • #629
  • Jun 27, 2014 8:04pm Jun 27, 2014 8:04pm
Good posting guys. Posts 601 & 624 are spot on....
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  • #630
  • Jun 28, 2014 6:40am Jun 28, 2014 6:40am
Quoting Ata-Turkoglu
Dax (15 min) Wow.. you guys are so silent anyway... I am waiting to reach the short term targets on 15 min. chart. nothing special so far.. Happy Trades {image}
Hi Ata,
would you mind to share why you took this sell entry, can you please explain the reasons for it?
have a nice week end.
  • #631
  • Jun 28, 2014 9:46am Jun 28, 2014 9:46am
Quoting geomoon
{quote} Hi Ata, would you mind to share why you took this sell entry, can you please explain the reasons for it? have a nice week end.
Simple: Thanks to the magnetic lines strategy KiwiOz brought us on his thread. Because the trendline to the downside wasn't broken yet, I took my chances to open a short trade and stay short till a touch on both blue targets happens.. as the first blue target line was touched my confidence grew and I waited for a touch on the second target line more deeper. That almost happened but very quickly.. so it was time for me to get out..

I am too very new to this system so the more I draw magnetic lines the more I get used to it and can detect targets early enough in parallel with all the other strategies I make use of.

I hope that helped.

Happy Weekend
Focus only on what truly matters!
  • #632
  • Jun 29, 2014 10:32am Jun 29, 2014 10:32am
Quoting Ata-Turkoglu
{quote} Simple: Thanks to the magnetic lines strategy KiwiOz brought us on his thread. Because the trendline to the downside wasn't broken yet, I took my chances to open a short trade and stay short till a touch on both blue targets happens.. as the first blue target line was touched my confidence grew and I waited for a touch on the second target line more deeper. That almost happened but very quickly.. so it was time for me to get out.. I am too very new to this system so the more I draw magnetic lines the more I get used to it and can detect...
Thanks Ata ,I'm also new to this thread and I'm still reading till page 10...... , I'm trying to see things as KiwiOz but for sorry it's still not clear for me ,I wish there is a clear set of rules for entry and exits specially on page one as this could be helpful.
I'm trying to learn from everyone and I appreciate any information.
tashakurat afandem....
Cheers
  • #633
  • Jun 29, 2014 8:12pm Jun 29, 2014 8:12pm
Quoting geomoon
{quote} Thanks Ata ,I'm also new to this thread and I'm still reading till page 10...... , I'm trying to see things as KiwiOz but for sorry it's still not clear for me ,I wish there is a clear set of rules for entry and exits specially on page one as this could be helpful. I'm trying to learn from everyone and I appreciate any information. tashakurat afandem.... Cheers

Here y'go mate. Perhaps this will explain more.
1. Entry is taken on clear break of the purple trend lines.
2. Exit on reaching target blue lines.
You could say it is akin to breakout trading with clear targets in focus.
Once a target has been reached you should be looking for a target in the opposite direction.

Edit... Have added this to the first post.
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  • #634
  • Jun 29, 2014 8:21pm Jun 29, 2014 8:21pm
Quoting KiwiOz
Gold. Still expecting a retrace to around 1295.. {image}
Let's see if it can break through today..
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  • #635
  • Jun 29, 2014 9:35pm Jun 29, 2014 9:35pm
Bitcoin
I would wait for a break of the purple lines to trade. (In either direction)
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  • #636
  • Jun 30, 2014 2:14am Jun 30, 2014 2:14am
Hi KiwiOz,

Thanks for that example above in reply to geomoon, but I haven't yet been able to figure out how you draw the blue lines.
Especially the vertical blue lines, they have really teased my brain LOL!

The purple lines I do get how you draw though

Would you be able to to post an isolated long trade example (and one for a short trade)?
It would be greatly appreciated.

Cheers!
  • #637
  • Jun 30, 2014 4:11am Jun 30, 2014 4:11am
Quoting Nagy Attila
{quote} Wach for this setup whit the Blue lines...1H Chart {image}
Dax 1 H ...What a view
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  • #638
  • Jun 30, 2014 5:33am Jun 30, 2014 5:33am
Quoting KiwiOz
{quote} Here y'go mate. Perhaps this will explain more. 1. Entry is taken on clear break of the purple trend lines. 2. Exit on reaching target blue lines. You could say it is akin to breakout trading with clear targets in focus. Once a target has been reached you should be looking for a target in the opposite direction. Edit... Have added this to the first post. {image} {image}
Thanks KiwiOz for the clarification and forgive me if I sound like a newbie "which I am... " , I may have other questions which I hope you may answer.

1 -what is the criteria for the purple trend line , is it only the last two highs and lows ?
2- sometimes I see you place the blue line " lets call it the base line " on the tip of a candle and other times on close o the candle, is there a reason for that ?
3 - what is the best time frame do you use it for ?.

Thanks in advanced
Cheers
  • #639
  • Jun 30, 2014 6:48am Jun 30, 2014 6:48am
Quoting the-game
Hi KiwiOz, Thanks for that example above in reply to geomoon, but I haven't yet been able to figure out how you draw the blue lines. Especially the vertical blue lines, they have really teased my brain LOL! The purple lines I do get how you draw though Would you be able to to post an isolated long trade example (and one for a short trade)? It would be greatly appreciated. Cheers!
Here are two trades. One impulse & one retrace
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  • #640
  • Jun 30, 2014 6:53am Jun 30, 2014 6:53am
Quoting geomoon
{quote} Thanks KiwiOz for the clarification and forgive me if I sound like a newbie "which I am... " , I may have other questions which I hope you may answer. 1 -what is the criteria for the purple trend line , is it only the last two highs and lows ? 2- sometimes I see you place the blue line " lets call it the base line " on the tip of a candle and other times on close o the candle, is there a reason for that ? 3 - what is the best time frame do you use it for ?. Thanks in advanced Cheers
Normally I would not place the blue line on the candle tips. Good example is these white lines. The white target would not have been reached.
Use all time frames depending on type of trade. retrace, Long , short, scalp. Every day is different. Trending, Ranging etc.
Sometimes use 2, 3 or 4 time frames to confirm a target. draw on a 15 min chart but tick 15min, 30min,1h, &4h to see where the target is on each.
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