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

Dax Closed short with +7 points.. market is too slow.. waiting seems to be better at the moment..

Magnetic Line Trading with KiwiOz

Well I also relied on the divergence lines on my CCI.. so will wait and see.. at this point whatever we say or think, the market will speak the last word. Happy Trades

Magnetic Line Trading with KiwiOz

Yes I set my SL at 10.040 (hence of spread and broker protection), after drawing too many lines I started to lose the focus because then it becomes very difficult to trust any of them. Do you have a trick to see when to draw.. where to draw??? Happy ...

Magnetic Line Trading with KiwiOz

Dax (15 min. chart) Things has changed a little bit. Altered my chart, I am still short but started to doubt it guess I will be stopped out.

Magnetic Line Trading with KiwiOz

DAX (15 min. chart) Short term spoken, Dax seems like it is retracing at the moment.. Because it is the black Friday tomorrow and contracts must be renewed things can go different than expected. Right now I am short target: 9975.

Magnetic Line Trading with KiwiOz

Many thanks for your supportive comment. Its good to know that I am on the right path. So I will continue with my studies on these drawings. Wish you a great trading day buddy Happy Trades

Magnetic Line Trading with KiwiOz