Forums Trading Systems Discussion Magnetic Line Trading.

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  • #2659
    KiwiOz
    Participant

      Magnetic line trading is quite simple, but as with all trading systems you have to get the direction right first……. & you are never going to win them all…
      Anyone is welcome to post on this thread & the idea is for those learning the system not to be backward in posting charts with their interpretations of line locations. I cannot help you if I can’t see what you are doing.
      Just remember. “Shit happens”
      I will start by posting a few charts & over the next few days I will post more charts with set-ups showing my methods.
      Feel free to ask questions. It’s the best & quickest way to learn.
      Why do I do this. I often ask myself that question… Trading can be very boring. Lots of time spent watching price action going nowhere. So company is good & good company is great. Sharing ideas with like minded people helps the time go by & hopefully leads to a higher percentage of winning trades.

      Others can trade & post any pairs the like. I can however advise you on your Magnetic line placements.

      The best way to learn the system is to practice, Practice, Practice….Go back over old charts & draw lines all over them the way I do to find how targets are found & hit…….whenever I post a chart, copy the lines you see & try to understand why they have been placed where they are.

      1. Entry is taken on clear break of the purple trend lines.
      2. Exit on target blue lines.
      You could say it is akin to breakout trading with clear targets in focus.
      Once a target has been reached you should be looking for a target in the opposite direction.

      All hand drawn. There is no indicator able to draw such lines.

      When the purple trend lines are broken I look for a new target in the opposite direction.
      Let’s say we are looking to go long.
      Draw a line from one resistance point to the other. (Cross line. Usually drawn with the left side higher than the right when going long).
      Draw a vertical line from the Lowest candle to where it intersects with the line drawn from support or resistance candles.
      Move this line so the bottom of the line sits on the cross line.
      The top of this vertical line becomes the target.

      • This topic was modified 9 years, 6 months ago by KiwiOz.
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      #2662
      hannele
      Participant

        Subscribed :-)

        cheers

        h

        #2663
        KiwiOz
        Participant

          .. :good:

          #2664
          KiwiOz
          Participant

            :good:

            #2665
            KiwiOz
            Participant

              Divergence, Divergence, Divergence. All the so called “big Guys” are calling for trend continuation on all pairs. I’m not so convinced.
              The next few posts show charts with divergence pointing to direction changes. Whether this will be minor or major retracements only time will tell.
              With New year trading known to be erratic, anything goes. It’s next week when the dust has settled which will be of interest.
              Don’t take any targets shown as gospel yet….

              • This reply was modified 9 years, 6 months ago by KiwiOz.
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              #2667
              KiwiOz
              Participant

                Divergence, Divergence, Divergence. All the so called “big Guys” are calling for trend continuation on all pairs. I’m not so convinced.
                The next few posts show charts with divergence pointing to direction changes. Whether this will be minor or major retracements only time will tell.
                With New year trading known to be erratic, anything goes. It’s next week when the dust has settled which will be of interest.
                Don’t take any targets shown as gospel yet….

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                #2674
                simplex
                Moderator

                  All hand drawn. There is no indicator able to draw such lines.

                  Interesting! But what are the rules that define those ‘magnetic lines’?

                  A good trader is a realist who wants to grab a chunk from the body of a trend, leaving top- and bottom-fishing to people on an ego trip. (Dr. Alexander Elder)

                  #2677
                  Femo
                  Participant

                    Thanks for doing this KiwiOZ

                    Subscribed!
                    fm

                    #2678
                    Lowphat
                    Participant

                      i luv lines

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                      “I believe the very best money is made at the market turns. Everyone says you get killed trying to pick tops and bottoms and you make all
                      your money by playing the trend in the middle. Well for twelve years I have been missing the meat in the middle but I have made a lot of
                      money at tops and bottoms.”
                      – Paul Tudor Jones

                      #2681
                      KiwiOz
                      Participant

                        Hi Simplex.
                        The target lines are drawn manually from observing “Price action, at support & resistance points”
                        It is a method of trading I find profitable. It is not the holy grail. There is no such thing.
                        The target lines help to show the the next support or resistance. It is up to the individual as to whether they take profit at each target on the smaller time frames or ride the waves to the larger time frame targets.
                        As with any method, TIMING is the hardest part. It is so easy to get sucked into a trade only to find your timing is out & price retraces scaring the crap out of you before turning & heading in the direction you chose.

                        #2682
                        KiwiOz
                        Participant

                          Hey Lowphat.. Methinks you have seen these lines before..

                          #2683
                          simplex
                          Moderator

                            It is not the holy grail. There is no such thing.

                            Fully agree! Thanks!

                            A good trader is a realist who wants to grab a chunk from the body of a trend, leaving top- and bottom-fishing to people on an ego trip. (Dr. Alexander Elder)

                            #2684
                            KiwiOz
                            Participant

                              Watching GOLD. So long as price does not go through & hold above that purple line, there is a nice target down there.

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                              #2709
                              KiwiOz
                              Participant

                                Doesn’t get any better than that. :love-it:

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                                #2712
                                KiwiOz
                                Participant

                                  Now lets trade it back up to 1192

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                                  #2723
                                  KiwiOz
                                  Participant

                                    Eur/Aud is progressing nicely…Aud/Usd also trying to get in on the act..Going the other way..

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                                    #2757
                                    Lowphat
                                    Participant

                                      i may have seen them once or twice. targets are 80% instead of 100 on the extended zones

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                                      “I believe the very best money is made at the market turns. Everyone says you get killed trying to pick tops and bottoms and you make all
                                      your money by playing the trend in the middle. Well for twelve years I have been missing the meat in the middle but I have made a lot of
                                      money at tops and bottoms.”
                                      – Paul Tudor Jones

                                      #2800
                                      KiwiOz
                                      Participant

                                        Quite often yes. but not always. The trick is knowing where to place the lines to find the target.

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                                        #3447
                                        KiwiOz
                                        Participant

                                          Quite often yes. but not always. The trick is knowing where to place the lines to find the target.

                                           

                                          Eur/Aud. Best trade of the week so far & still a long way to go.

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                                          #3589
                                          Zelo
                                          Participant

                                            Great trade KiwiOz! :good:

                                            Congratulations!

                                            #3597
                                            KiwiOz
                                            Participant

                                              Cheers.. :rose:

                                              #3599
                                              KiwiOz
                                              Participant

                                                Patience can be rewarding…

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                                                #3999
                                                Saver0
                                                Moderator

                                                  Patience can be rewarding…

                                                  Very interesting way to draw the trend lines my friend.. I see what you are doing. How long have you been trading in this way?

                                                  Focus, Patience, Determination & Order in chaos

                                                  #5755
                                                  wolf schiller
                                                  Participant

                                                    Hi KIWIOZ

                                                    I would like to experiment ith your idea. Could you share your special CCI indi please?

                                                    Thanks Wolf :yahoo:

                                                    #8675
                                                    NSCL
                                                    Participant

                                                      MAGNETIC LINES

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