Great point.. could I recommend to call this system "The Ultimate Ben 10 system" ?? Do the 10 and get the f** out of here.. Happy Trades

As simple as possible: 00 level trading

Your 3 kings might be right Tony, so I will look carefully to close my shorts in time when the wind of change kicks in. Thanks Happy Trades

Magnetic Line Trading with KiwiOz

Statistically I really don't know how many there are trading with a static lot size. I see that on this thread there are many newbies. So I simply wanted to make them aware. Not a big deal. Let's assume everybody here changing lot size incrementally ...

As simple as possible: 00 level trading

DAX (1H) It seems like Dax traders are taking out profits. First target reached, waiting for 2nd target. It's a short day Monday for me.. if not scalping then I take only short trades today Happy Trades

Magnetic Line Trading with KiwiOz

Exactly.. there is no alternative and I was trying to make others aware to stick to the 2% rule.. who are maybe using a fixed lot size.. so I wanted to inform those who don't do what you are doing. Stay Green and Happy Trades

As simple as possible: 00 level trading

First I want to clearify that I have nothing against your system Udine. I was simply saying with a fixed lot size the time you need to get rich takes much longer. A million years is just a way of speaking. Don't take it so literally. Happy Trades

As simple as possible: 00 level trading

Udine actually yor example is wrong.. (I don't even mention your example assumes only winners and don't include losers but lets keep that out).. your example is wrong if we are talking of a 2% gain with 10 pips. I explain with the values on your ...

As simple as possible: 00 level trading

That's exactly what I am saying.. you said "done for today +10 pips"... but what I understand is actually if you didnt make a gain of 2% then you are not done for the day by means of the system.. so just wanted to point a finger on that ...

As simple as possible: 00 level trading

I hope you are setting your lot size exactly equal to make profit of 1% of your equity for each trade. Because thats the whole idea. With this system the goal is to make 2% profit every day, so if you are using fixed lot size it means you have ...

As simple as possible: 00 level trading

GBP/JPY (4h) The idea of drawing the lines from the bottom of the retrace looks fantastic. It fits so nicely on my GBP/JPY... WOW Happy Trades

Magnetic Line Trading with KiwiOz

I found out that Mr. Elliott could find these rules after an age of 70.. and with 75 he published Nature's Law -- The Secret of the Universe, died 2 years after that. Which means: he couldn't make use of his own system I guess. Happy Trades

SPX and DAX - CFDs are the place to be

Hi Ian, no need to be sorry.. and thanks for the advice for trying to draw the lines on bigger timesframes like the 4h.. that will be helpful indeed.. but yes my focus is aimed mainly on the 15m and 1h charts. I use them in accordance with the trend ...

Magnetic Line Trading with KiwiOz

Dax (1H) On 1 hour chart it looks even crazier.. a touch around 10.130 to 10.150 could be possible soon (..maybe today Tony? ) Happy Trades

Magnetic Line Trading with KiwiOz

Dax (15 min) 2nd target reached too.. retrace to first target.. target line now acts as support. But the very long bar makes me suspicious. Keep in mind that it could go down further where people get scary and start to sell. Happy Trades

Magnetic Line Trading with KiwiOz

Dax (15 min) As I was preparing this the 1st target has been touched already.. waiting for the second target to touch (only long trades today) Happy Trades

Magnetic Line Trading with KiwiOz

GBP/JPY (15 min) I am getting the answers by myself lol... now a 4th target is gonna be touched soon.. seems like this final touch will form the 5th edge of an elliott wave.

Magnetic Line Trading with KiwiOz

GBP/JPY (15 min) I have altered the chart with a 3rd target.. and it was almost touched.. but still couldn't.. I think a downward move is approaching on GJ.

Magnetic Line Trading with KiwiOz

GBP/JPY (15 min) Here it seems like the two targets have been reached.. regarding to your system Ian, what do we have to do? Am I have to wait till the trendline is broken or continue drawing 3rd, 4th and so on targets? What would you do? Happy ...

Magnetic Line Trading with KiwiOz

The first person I thought about was Donald Trump.. maybe he is really an alien

SPX and DAX - CFDs are the place to be