Ok my friend.. (still with 9706 on my mind) I will follow your advice for watching 15 min. chart. I keep my long from 9800 open anyway. EDIT: So far I made +73 points from the fall down after news. Now my long trade opened at 9800 is still open. ...

Magnetic Line Trading with KiwiOz

Okay Tony.. I can't agree with you more.. the drawing is in parallel with my guts, but the magnetic line targets we calculated are also disturbing me subconsiously.. so while admitting that I wish you are right, I also will be careful and watch if ...

Magnetic Line Trading with KiwiOz

That's what I really expect buddy but to be sure we have to watch price action closely. Some "little fear" could trigger "bigger fears". Oh and not to forget to mention.. if price comes back to 9820 or so I will assume the fear is over. That's based ...

Magnetic Line Trading with KiwiOz

No no of course not.. I call my trade a "scalper" I went long at 9800.. will add other longs if it goes down further.. will collect the profit later.. Happy Trades

Magnetic Line Trading with KiwiOz

Dax 9800.. now I go long.. scalper.. Happy Trades

Magnetic Line Trading with KiwiOz

yeah I must have been born ambitious.. hehehh okay, next time I'm gonna follow that advice buddy.. and I can't get rid of that feeling that Dax soon will completely hit south. My guts are talking too much these days Happy Trades

Magnetic Line Trading with KiwiOz

Okay now I am getting some image of what you are trying to say.. will definitely try to make some additional ideas about this technique.. Many Thanks Ian, Happy Trades

Magnetic Line Trading with KiwiOz

You are definitely not a follower of Steve Jobs' philosophy Stay Green

As simple as possible: 00 level trading

Ok.. its really like I guessed. Of course that peak is a good sign for a return but still it isn't confirmed. So I will wait till price breaks and drills trough the 00 level. Here its the 9900 price level. I agree with your 1H breakout peak but I ...

Magnetic Line Trading with KiwiOz

You are welcome buddy.. but still would appreciate if you could share why you have entered at that point. I really would like to know based on what you made that decision :nerd: Happy Trades

Magnetic Line Trading with KiwiOz

I know exactly why you are going long. Well as a scalper I take that risk too from time to time but not here, not today. My personal decision is still waiting a little more to see a clear return. Good luck for you buddy. Happy Trades

Magnetic Line Trading with KiwiOz

Dax (4 Hour) And here are the targets I drew with magnetic lines. It looks crazy but targets are really low.. but I think only if price breaks the lower support line of tunnel. PS: Personally, I would consider going long after price passes 9100 and ...

Magnetic Line Trading with KiwiOz

With all due respect, I didn't get what you are trying to say Ian. Could you elaborate this idea? Like giving a step by step example. Happy Trades

Magnetic Line Trading with KiwiOz

Dax (1 Hour) Hi Tony, What is the first impression you get when you look at this chart? Well I guess you are saying: hell no.. I would never go long now! Happy Trades

Magnetic Line Trading with KiwiOz

Actually that what you call "accumulation" is an illusion. Here I will give a Dax example: With Hedging: 1) Lets say you enter a long winning trade at 9120. 2) Then at price 9150 you hedge with a short trade in opposite direction. -> your profit so ...

Magnetic Line Trading with KiwiOz

Many thanks for your advice Ian, Well I love hedging, but you can guess opening a hedge is just like closing a trade. The only difference is when you close a negative trade you have a minus trade on your history. If you don't want minus trades in ...

Magnetic Line Trading with KiwiOz

Hi Ian, One question: I noticed that you generally detect 2 targets with magnetic lines.. so when the candles touch the first target what is your first reaction? Are you closing that trade and open a scalper in the opposite direction to get some ...

Magnetic Line Trading with KiwiOz

Okeedokee, understood captain Happy Trades

Magnetic Line Trading with KiwiOz

Be careful.. 1H chart candles are still above 50 SMA and price is higher than opening.. and the bigger picture still is an uptrend.. so right now and maybe for the rest of the day shorting on SPX500 wouldnt be wise.. Happy Trades

Magnetic Line Trading with KiwiOz

You could also try to jump in to every trade 1 pip earlier.. (please try it first out on demo account) and see what happens if you set your pending order for example at 172.490 instead of 172.500.. so you will make yourself an extra pip to reduce ...

As simple as possible: 00 level trading