Magnetic Line Trading with KiwiOz
Going for a little long punt from the bottom. Some old lines picked this level which is eery /. {image}
Dax That was a interesting selloff Have no idea why did that happen... Edit : Altough I had to adjust my SL(TP) twice we are back above
{quote} Yep. Those old lines always come into fruition eventually...
{quote} Some 'old' EU targets hit this morning too for me, will post a pic when back on my pc later. As a wiser character than me once said: 'all the pieces matter' ;p youtu.be/J8OHLy0CIPs?t=1m29s
Had not come across the ML concept before your thread. Very handy for those of us living in the southern hemisphere! In my case I still need to get the direction and timing of trades right. I guess that's where the denmark indi comes in. Unfortunately I'm not having much luck with them. The one you use plays havoc with my pc, as some one mentioned before and the other one someone posted, deletes all my hand drawn lines when it redraws. lol {image}
Gold {image}
{quote} Good stuff Islander but be careful. Although I have Dax going up to 12000, there may be good reason to look South for a week or two. Also watch out for some more hairy action tonight. {image} {image}
{quote} Thanks KO, I understand your comments and as I trade intra-day I let the short term charts show me the way and then as a move progresses, look for potential targets from my longer term charts......yesterday afternoon being a prime example....I was long into that high and sold later
