Islander and Medici trade the European open | Page 248 | Forex Factory

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Islander and Medici trade the European open

  • #4,941
  • Aug 5, 2014 3:56pm Aug 5, 2014 3:56pm
Quoting Islander
GM - I recently found KiwiOz's Magnetic Lines thread and his methodology is producing some great targets on the DAX. Whilst he works mainly on the higher TFs, I am researching its use on the lower TFs..... Friday's action gave ~200 points from the first sell and ~ 120 points from the second taking entries off the 5m chart...... PS Two trades so far this morning off the 1m for ~20 pts each {image}
Islander, Long time I know - hope your well and keeping your feet dry on deck!. tell me, is it an indicator that generates the trend line and target in the image above?.

regards

doc.
  • #4,942
  • Aug 6, 2014 1:52am Aug 6, 2014 1:52am
Quoting Dr.Scalpall
{quote} Islander, Long time I know - hope your well and keeping your feet dry on deck!. tell me, is it an indicator that generates the trend line and target in the image above?. regards doc.

Hi Dr S - good to hear from you and yes, all good although less time on deck and more time in my pool!

There is an indicator similar to the Andrews P F one that draws these lines via three clicks its in KiwiOz's thread - but I just draw them by hand. Those that I drew yesterday were incorrect - check KO's reply to me!

Here's this morning's chart - further comments in the DAX thread.....are you trading it too?......right now its sooooooo much beter than FX

Cheers

Islander
Attached Image (click to enlarge)
Click to Enlarge Name: aug6 dax 15m fo.png Size: 35 KB
Trading Levels with WRBs
  • #4,943
  • Edited 3:05am Aug 6, 2014 2:33am | Edited 3:05am
Quoting Islander
{quote} Hi Dr S - good to hear from you and yes, all good although less time on deck and more time in my pool! There is an indicator similar to the Andrews P F one that draws these lines via three clicks its in KiwiOz's thread - but I just draw them by hand. Those that I drew yesterday were incorrect - check KO's reply to me! Here's this morning's chart - further comments in the DAX thread.....are you trading it too?......right now its sooooooo much better than FX Cheers Islander {image}
Sold at LO and banked in the spike under yesterday's low, reversed to long as I viewed it as a stop sweep ( a high volumed 1m marubozo with no follow through!).....just took partials at the 9125 level.....

PS Re-draw that downside projection I just posted as per KO's instructions - candle body only - and see where that puts the target line

PSS Closed the remainder of my long when price failed to break above its 7:26 high.....with negative divergence on the TVI - chart later....time for another coffee....
Trading Levels with WRBs
  • #4,944
  • Aug 6, 2014 2:39am Aug 6, 2014 2:39am
Quoting Islander
{quote} Hi Dr S - good to hear from you and yes, all good although less time on deck and more time in my pool! There is an indicator similar to the Andrews P F one that draws these lines via three clicks its in KiwiOz's thread - but I just draw them by hand. Those that I drew yesterday were incorrect - check KO's reply to me! Here's this morning's chart - further comments in the DAX thread.....are you trading it too?......right now its sooooooo much beter than FX Cheers Islander {image}
sorry mate, should have edited the post, I've started doing a bit of leg work and reading through his thread. Havn't been trading anything much and your right fx is dead at the moment, any moves and reactions to seem random and unpredictable. Just having a Tinker with mt4 again having lost every file to my name when a hard disc failed in my computer (Lesson learned!!).

Regards

doc
  • #4,945
  • Aug 6, 2014 3:03am Aug 6, 2014 3:03am
Long again off the BRN.....hit and run trading....wary about holding longs, although IMO after last weeks 550 pt fall, a correction is overdue.....
Attached Image (click to enlarge)
Click to Enlarge Name: aug6 dax 1m 0800.png Size: 34 KB
Trading Levels with WRBs
  • #4,946
  • Aug 6, 2014 3:08am Aug 6, 2014 3:08am
Quoting Dr.Scalpall
{quote} sorry mate, should have edited the post, I've started doing a bit of leg work and reading through his thread. Havn't been trading anything much and your right fx is dead at the moment, any moves and reactions to seem random and unpredictable. Just having a Tinker with mt4 again having lost every file to my name when a hard disc failed in my computer (Lesson learned!!). Regards doc
Ah - sh*t happens - if you need any of my indys that you dont find via the paperclip, just ask and I'll post them.....
Trading Levels with WRBs
  • #4,947
  • Aug 6, 2014 4:50am Aug 6, 2014 4:50am
Wow - what a morning......time for a break......I wonder what the US Session will bring.....
Attached Image (click to enlarge)
Click to Enlarge Name: aug6 dax 1m 0950.png Size: 47 KB
Trading Levels with WRBs
  • #4,948
  • Aug 7, 2014 1:21am Aug 7, 2014 1:21am
Quoting Islander
Wow - what a morning......time for a break......I wonder what the US Session will bring..... {image}
a really nice trade.....note when that 115 pt rally started .....KO's projection was rather good too....
Attached Image (click to enlarge)
Click to Enlarge Name: aug6 dax 5m cls.png Size: 53 KB
Trading Levels with WRBs
  • #4,949
  • Edited 11:09am Aug 7, 2014 8:11am | Edited 11:09am
Dr S......these target lines were drawn using the Targetv102 indicator posted in KO's thread....I just closed my shorts on the hit of 9084....a bit of a lucky hit as its still very much WIP....

PS: take a look at my later post in the DAX thread.....another great price projection was just hit into 16:00 UK..........it was made off the two lows on this chart
Attached Image (click to enlarge)
Click to Enlarge Name: aug7 dax 5m 1300.png Size: 29 KB
Trading Levels with WRBs
  • #4,950
  • Aug 8, 2014 12:52am Aug 8, 2014 12:52am
Quoting Islander
Dr S......these target lines were drawn using the Targetv102 indicator posted in KO's thread....I just closed my shorts on the hit of 9084....a bit of a lucky hit as its still very much WIP.... PS: take a look at my later post in the DAX thread.....another great price projection was just hit into 16:00 UK..........it was made off the two lows on this chart {image}
I'll go and get it- it looks brilliant once youv'e got the hang of where to place the anchor points.

.... PS: take a look at my later post in the DAX thread.....another great price projection was just hit into 16:00 UK..........it was made off the two lows on this chart ---------- Show off!!!!!.
  • #4,951
  • Aug 8, 2014 1:27am Aug 8, 2014 1:27am
Quoting Dr.Scalpall
{quote} I'll go and get it- it looks brilliant once youv'e got the hang of where to place the anchor points. .... PS: take a look at my later post in the DAX thread.....another great price projection was just hit into 16:00 UK..........it was made off the two lows on this chart ---------- Show off!!!!!.


PS My latest KO projection off the 15m chart is at 8919.....guess where the low is so far....

PSS OK, so you dont want to know my other projection......well then I wont post it (here)
Trading Levels with WRBs
  • #4,952
  • Aug 8, 2014 1:46am Aug 8, 2014 1:46am
First one - bloody hell!!! that happened while I'm trying to find out how to get indices into a demo mt4 acc. any ideas anyone?.

can't reply - gotta fly!! -- late...
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  • #4,953
  • Aug 8, 2014 1:59am Aug 8, 2014 1:59am
Quoting Dr.Scalpall
First one - bloody hell!!! that happened while I'm trying to find out how to get indices into a demo mt4 acc. any ideas anyone?. can't reply - gotta fly!! -- late... {image}

Both A l p a r i & F X C M have them.....now for LO.....
Trading Levels with WRBs
  • #4,954
  • Aug 8, 2014 2:04am Aug 8, 2014 2:04am
Quoting Islander
{quote} Both A l p a r i & F X C M have them.....now for LO.....
It is alpari, something with servers I expect. really going now - really late!!. have a good day. doc
  • #4,955
  • Aug 8, 2014 4:26am Aug 8, 2014 4:26am
Quoting Dr.Scalpall
{quote} It is alpari, something with servers I expect. really going now - really late!!. have a good day. doc
Yes, they do have arther a lot, but they are helpful guys.

I see that you are trying the Target indy......nice one
Trading Levels with WRBs
  • #4,956
  • Aug 8, 2014 8:55am Aug 8, 2014 8:55am
Quoting Islander
Dr S......these target lines were drawn using the Targetv102 indicator posted in KO's thread....I just closed my shorts on the hit of 9084....a bit of a lucky hit as its still very much WIP.... PS: take a look at my later post in the DAX thread.....another great price projection was just hit into 16:00 UK..........it was made off the two lows on this chart {image}
Islander, is this demark trendlines on your charts.

Thankx in advance.
B.R.
Master Your Setup, Master Your self. (NQoos)
  • #4,957
  • Aug 8, 2014 11:26am Aug 8, 2014 11:26am
Quoting bassramy
{quote} Islander, is this demark trendlines on your charts. Thankx in advance. B.R.
No, the horizontal lines - drawn off a sloping line between two points - are price projections from KiwiOz,s thread.....he calls them "Magnetic Lines"

here's the link to his thread....http://www.forexfactory.com/showthread.php?t=480208
Trading Levels with WRBs
  • #4,958
  • Aug 8, 2014 11:42am Aug 8, 2014 11:42am
Quoting Islander
{quote} No, the horizontal lines - drawn off a sloping line between two points - are price projections from KiwiOz,s thread.....he calls them "Magnetic Lines" here's the link to his thread....http://www.forexfactory.com/showthread.php?t=480208
Thanks.
Master Your Setup, Master Your self. (NQoos)
  • #4,959
  • Aug 14, 2014 1:13am Aug 14, 2014 1:13am
Hey Dr S - did you get any of this great signal? A pull back into a HL ~the 50% retrace and with NYSE open and then a nice confluence of the fib expansion and KO's price projection as the target......that one alone gave me my daily quota
Attached Image (click to enlarge)
Click to Enlarge Name: aug13 dax 5m clse.png Size: 39 KB
Trading Levels with WRBs
  • #4,960
  • Aug 14, 2014 1:49am Aug 14, 2014 1:49am
Quoting Islander
Hey Dr S - did you get any of this great signal? A pull back into a HL ~the 50% retrace and with NYSE open and then a nice confluence of the fib expansion and KO's price projection as the target......that one alone gave me my daily quota {image}

Nah, missed it - looking nice though!!. Still trying to fathom out how to get indices into my mt4 demo acc - might just plump for a live one with my ?I G then I don't have any issues with 2 days data only with RB's. Had a +48,+10 on GU tues/wed triggered during FO.

I'll get up to speed someday.

doc
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