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Magnetic Line Trading with KiwiOz

  • #781
  • Aug 4, 2014 8:21pm Aug 4, 2014 8:21pm
Spx
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  • #782
  • Aug 4, 2014 11:04pm Aug 4, 2014 11:04pm
Hi KO - glad to see that you are still posting after that comment by a VERY selfish trader.

Being new to your methodology, I am looking at the lower TFs and working with the 15m DAX and S&P to see how it goes.

Yesterday, after the initial sell off, I ran out of new ideas for the DAX, but found that the S&P served well as a proxy late in the European Session....

Now I have pulled two sets of fib retracements on the DAX and I am waiting for London...
Attached Image (click to enlarge)
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  • #783
  • Aug 4, 2014 11:56pm Aug 4, 2014 11:56pm
Quoting Islander
Hi KO - glad to see that you are still posting after that comment by a VERY selfish trader. Being new to your methodology, I am looking at the lower TFs and working with the 15m DAX and S&P to see how it goes. Yesterday, after the initial sell off, I ran out of new ideas for the DAX, but found that the S&P served well as a proxy late in the European Session.... Now I have pulled two sets of fib retracements on the DAX and I am waiting for London... {image}
Lol. nah he's not selfish. He's a good guy, just concerned I am wasting my time. All good.
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  • #784
  • Aug 4, 2014 11:58pm Aug 4, 2014 11:58pm
Quoting KiwiOz
Dax {image}
This looks good to get the retracement rolling.
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  • #785
  • Aug 5, 2014 12:21am Aug 5, 2014 12:21am
Quoting KiwiOz
{quote} Lol. nah he's not selfish. He's a good guy, just concerned I am wasting my time. All good.
OK - I apologise......shouty posts do raise my blood pressure!

On the 30m DAX chart you have just posted I notice that your initial line is sloping down......I thought that for a long target it should slope up.....guess I missed something
Trading Levels with WRBs
  • #786
  • Aug 5, 2014 2:14am Aug 5, 2014 2:14am
Quoting Islander
{quote} OK - I apologise......shouty posts do raise my blood pressure! On the 30m DAX chart you have just posted I notice that your initial line is sloping down......I thought that for a long target it should slope up.....guess I missed something
All good
Nope. Slope down for finding Long target. slope up for finding Short target.
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  • #787
  • Aug 5, 2014 3:40am Aug 5, 2014 3:40am
Quoting KiwiOz
Gold...I'll go short again around 1290.70 {image} {image}
Short from 1291.55. However Gold is locked in a small triangle & the "RED" setup is a possibility. So Gold will need to drop & stay below 1288 to make the short trade safe.
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  • #788
  • Aug 5, 2014 3:59am Aug 5, 2014 3:59am
Ozzie.. So long as price does not return to above 0.9340,..... 0.9000 will be a good place to aim for.
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  • #789
  • Aug 5, 2014 7:59pm Aug 5, 2014 7:59pm
Quoting KiwiOz
{quote} Short from 1291.55. However Gold is locked in a small triangle & the "RED" setup is a possibility. So Gold will need to drop & stay below 1288 to make the short trade safe. {image}
Triangle is getting a bit confusing (for me at least) on H1 & H4 so had a look at M15.

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  • #790
  • Aug 6, 2014 4:29pm Aug 6, 2014 4:29pm
Quoting KiwiOz
{quote} Short from 1291.55. However Gold is locked in a small triangle & the "RED" setup is a possibility. So Gold will need to drop & stay below 1288 to make the short trade safe. {image}
And to the "RED line it did so go.!!! Heading back to the yellow line & Daily pivot for the Asian session now.
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  • #791
  • Aug 6, 2014 9:35pm Aug 6, 2014 9:35pm
Quoting KiwiOz
{quote} And to the "RED line it did so go.!!! Heading back to the yellow line & Daily pivot for the Asian session now. {image}
I had the 1307.90 target on the H1 and just slightly above on the H4 (1310), but I was looking for a short target to get hit on the M15 for a long entry.

If you don't mind me asking, what did you use for a long entry for the H1 trade?

Now thinking about 1232 on the D1.
Good Trading
  • #792
  • Aug 6, 2014 11:59pm Aug 6, 2014 11:59pm
Quoting aud
{quote} I had the 1307.90 target on the H1 and just slightly above on the H4 (1310), but I was looking for a short target to get hit on the M15 for a long entry. If you don't mind me asking, what did you use for a long entry for the H1 trade? Now thinking about 1232 on the D1.
When the price bounced at 1288 then went through the trend line at 1291, I hit the buy button at 1292. The red target was at 1308.60 so I set my TP at 1307. Nice.
Yes 1292 is the retrace target.
Ozzie did not like the unemployment figures & took a dive today. Looking at the Daily chart, I think the intention to head on down to 0.9000 is clear.
It will be interesting to see if Gold & Silver follow suit. Gold does not like being separated from Ozzie for too long.
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  • #793
  • Aug 9, 2014 2:16am Aug 9, 2014 2:16am
Quoting KiwiOz
{quote} When the price bounced at 1288 then went through the trend line at 1291, I hit the buy button at 1292. The red target was at 1308.60 so I set my TP at 1307. Nice. Yes 1292 is the retrace target. Ozzie did not like the unemployment figures & took a dive today. Looking at the Daily chart, I think the intention to head on down to 0.9000 is clear. It will be interesting to see if Gold & Silver follow suit. Gold does not like being separated from Ozzie for too long.
KO, do u trace these lines by hand or there's an Indicator to do so.

Thanks in advance.
B.R.
Master Your Setup, Master Your self. (NQoos)
  • #794
  • Aug 9, 2014 2:43am Aug 9, 2014 2:43am
bass - kiwi draws by hand but there is an indi you can find in the paperclip called target, although I haven't been able to get it to work for me.
  • #795
  • Aug 9, 2014 5:01am Aug 9, 2014 5:01am
Quoting bassramy
{quote} KO, do u trace these lines by hand or there's an Indicator to do so. Thanks in advance. B.R.
All drawn by hand mate.. Cheers.
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  • #796
  • Aug 9, 2014 1:51pm Aug 9, 2014 1:51pm
Quoting KiwiOz
{quote} All drawn by hand mate.. Cheers.
Same to you mate, interesting system, i have to read more and get back to u, later.
B.R.
Master Your Setup, Master Your self. (NQoos)
  • #797
  • Edited 4:14am Aug 11, 2014 4:03am | Edited 4:14am
Quoting handy148
bass - kiwi draws by hand but there is an indi you can find in the paperclip called target, although I haven't been able to get it to work for me.
Its pretty easy to use H., i was up and running in 2 Minutes, but the big question is where should u draw these lines, i guess i will have to catch up on KO posts to learn more in my spare time.

PS. I already have a setup on EU.
Master Your Setup, Master Your self. (NQoos)
  • #798
  • Aug 11, 2014 10:23pm Aug 11, 2014 10:23pm
bass, check out posts from 127 onwards
  • #799
  • Aug 12, 2014 6:00pm Aug 12, 2014 6:00pm
Quoting caldera
latest version v1.02
Thanks caldera for this super indicator tool!
  • #800
  • Aug 13, 2014 1:06am Aug 13, 2014 1:06am
Dax..
An inverted H&S appears to have formed on the 4H chart. If it plays out price will move up through the purple line & target 9480.
A move South through the lower purple line will target 8990.
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