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Magnetic Line Trading with KiwiOz

  • #1,181
  • Nov 18, 2014 5:16pm Nov 18, 2014 5:16pm
Quoting KiwiOz
Updates to trades in motion. EU {image}
I thought the DAX would pull-back further but not to be. Onward & upward.
Attached Image (click to enlarge)
Click to Enlarge Name: GER30Daily.png Size: 34 KB
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  • #1,182
  • Nov 18, 2014 5:18pm Nov 18, 2014 5:18pm
Quoting chonchy
{quote} ....Nice, very nice....I'm trying to catch a double top at 2576 short, on e/u, let see if I get it...... {image}
Hey chonchy. regarding the CCI. I never go against the 4h & Daily CCI.....Unless I'm scalpng.
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  • #1,183
  • Nov 18, 2014 5:20pm Nov 18, 2014 5:20pm
...KiwiOz why do you like 2507 on e/u?
The Chonchy
  • #1,184
  • Nov 18, 2014 5:27pm Nov 18, 2014 5:27pm
Quoting KiwiOz
{quote} Hey chonchy. regarding the CCI. I never go against the 4h & Daily CCI.....Unless I'm scalpng.
You have to give me a little technical on the CCI when you have a chance, thanks in advance....I guess it doesn't work like MACD, correct?
The Chonchy
  • #1,185
  • Nov 18, 2014 5:33pm Nov 18, 2014 5:33pm
Quoting chonchy
...KiwiOz why do you like 2507 on e/u?
MLs come in at 1.2502 & 1,2480.....Pivots come in at 1.2508 & 1.2470. Could be any of these.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM30.png Size: 33 KB
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  • #1,186
  • Nov 18, 2014 5:35pm Nov 18, 2014 5:35pm
Quoting KiwiOz
{quote} MLs come in at 1.2502 & 1,2480.....Pivots come in at 1.2508 & 1.2470. Could be any of these. {image}
I think the Daily pivot will stop it
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  • #1,187
  • Nov 18, 2014 5:37pm Nov 18, 2014 5:37pm
Quoting chonchy
{quote} You have to give me a little technical on the CCI when you have a chance, thanks in advance....I guess it doesn't work like MACD, correct?
Similar to MacD but I think more accurate. Also watch the 15m chart CCI for indication of direction change.
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  • #1,188
  • Nov 18, 2014 5:43pm Nov 18, 2014 5:43pm
Quoting KiwiOz
{quote} I think the Daily pivot will stop it
good thanks...I got it now....
The Chonchy
  • #1,189
  • Nov 18, 2014 5:44pm Nov 18, 2014 5:44pm
Quoting KiwiOz
{quote} Similar to MacD but I think more accurate. Also watch the 15m chart CCI for indication of direction change.
great thanks, if you have a PDF or some on it, send it over, thanks in advance....
The Chonchy
  • #1,190
  • Nov 18, 2014 5:47pm Nov 18, 2014 5:47pm
Quoting chonchy
....My plan is to short there with a tite stop....good luck


Talking about tight stops. Bloody hell. Moved my stop up to 1.2500 before I hit the sack. And yep, that's exactly where price pulled back to. Still a win but. Missed out on over 40 pips.
Now price is retracing to the Daily pivot at 1.2507. I will go long again there.
Cheers


Bloody hell. Just opened the 15m chart to find I had earlier drawn a retrace target for the EU right where I put my SL just before I hit the sack.
I smack myself...
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM15.png Size: 32 KB
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  • #1,191
  • Edited 11:40pm Nov 18, 2014 11:28pm | Edited 11:40pm
Quoting KiwiOz
{quote} I thought the DAX would pull-back further but not to be. Onward & upward. {image}
I had updated this chart before I saw your post....just more detail....guess I should pull another fib over the last action for an expansion too....

PS I wonder if Nagy has any thoughts to add....
Attached Image (click to enlarge)
Click to Enlarge Name: n0v19 dax 4hr.png Size: 50 KB
Trading Levels with WRBs
  • #1,192
  • Nov 19, 2014 12:29am Nov 19, 2014 12:29am
Quoting KiwiOz
{quote} MLs come in at 1.2502 & 1,2480.....Pivots come in at 1.2508 & 1.2470. Could be any of these. {image}
1.2512 was the best it could do. Didn't quite make it to the Daily Pivot. In a hurry to get to the target..
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH4.png Size: 40 KB
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  • #1,193
  • Nov 19, 2014 12:30am Nov 19, 2014 12:30am
Quoting Islander
{quote} I had updated this chart before I saw your post....just more detail....guess I should pull another fib over the last action for an expansion too.... PS I wonder if Nagy has any thoughts to add.... {image}
Not sure how far the retrace will go.
Attached Image (click to enlarge)
Click to Enlarge Name: GER30M15.png Size: 29 KB
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  • #1,194
  • Nov 19, 2014 12:55am Nov 19, 2014 12:55am
Quoting KiwiOz
{quote} Not sure how far the retrace will go. {image}
Neither am I, but whilst price remains above the 9433 area that was my mag line target yesterday and above today's DP at 9427 I keep buying the dips as I am not seeing an impulsive fall and I get taken out for a few on a tight trail...patience and coffee
Trading Levels with WRBs
  • #1,195
  • Nov 19, 2014 1:18am Nov 19, 2014 1:18am
Quoting KiwiOz
{quote} Not sure how far the retrace will go. {image}
On the upside, I got a target on the daily at 9750. Also the trend line on the Weekly hits there too. So maybe that's where to watch for a roll over.
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  • #1,196
  • Nov 19, 2014 2:33am Nov 19, 2014 2:33am
These JPY pairs just keep on ploughing on UP. No target. just keep moving the SLs up. Got UJ on one account & EJ on the other.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYDaily.png Size: 23 KB
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  • #1,197
  • Nov 19, 2014 4:24am Nov 19, 2014 4:24am
Quoting KiwiOz
{quote} 1.2512 was the best it could do. Didn't quite make it to the Daily Pivot. In a hurry to get to the target.. {image}
EU is reluctant to go anywhere. One wonders if it is about to roll over & follow AU..??????.. Time to stand aside & wait for the break-out.
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  • #1,198
  • Edited 5:12am Nov 19, 2014 5:06am | Edited 5:12am
Quoting KiwiOz
{quote} EU is reluctant to go anywhere. One wonders if it is about to roll over & follow AU..??????.. Time to stand aside & wait for the break-out.
Hi KiwiOz,

just wanted to pop in and ask for some feedback on my EU mag lines (yellow/orange), have I got the jist in general? I had some time today waiting for EU to break out to try out your awesome system again Just want to see if I got the basics right (join two resistance peaks in opposite direction to target, target height = distance from furthest price point to the line).
Last time I tried I think I missed the angle of the two resistance peaks or something
Do the mag lines always come from the SR break out peaks? Are they more reliable in your experience or does subsequent ones work just as well (in Orange in my screenshot I drew one from the initial break out points and another from the 2nd. They both seem to have reached target)

Cheers!
Attached Image (click to enlarge)
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  • #1,199
  • Nov 19, 2014 5:37am Nov 19, 2014 5:37am
Quoting gjgjg
{quote} Hi KiwiOz, just wanted to pop in and ask for some feedback on my EU mag lines (yellow/orange), have I got the jist in general? I had some time today waiting for EU to break out to try out your awesome system again Just want to see if I got the basics right (join two resistance peaks in opposite direction to target, target height = distance from furthest price point to the line). Last time I tried I think I missed the angle of the two resistance peaks or something Do the mag lines always come from the SR break out peaks? Are they more...
Hi gigig. Your upper lines are fine. The retracement is up so no use drawing target lines for the down move until you are sure the retrace is over. If the retrace had come to an end & not moved so high with the last move up you would draw the heavy blue lines. However the last move up has stalled at exactly the right place to draw lines for the final push up to around 1.2640. Price is playing hard ball at present, but it must break out soon.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH4.png Size: 39 KB
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  • #1,200
  • Nov 19, 2014 8:03am Nov 19, 2014 8:03am
Quoting KiwiOz
{quote} Hi gigig. Your upper lines are fine. The retracement is up so no use drawing target lines for the down move until you are sure the retrace is over. If the retrace had come to an end & not moved so high with the last move up you would draw the heavy blue lines. However the last move up has stalled at exactly the right place to draw lines for the final push up to around 1.2640. Price is playing hard ball at present, but it must break out soon. {image}
Roger, cheers for the feedback

Can I just ask you about what made you draw lines from the peaks in the green box? Sorry to pick your brains again, just seeing if can get insight into the process a bit more. My understanding was that the points formed after the trend break were used primarily, but these are the last ones from the last trend. Is there particular reason to chose one over the other?
Thanks again!
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 44 KB
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