Recent content by KiwiOz

Patience can be rewarding...

Hi. yes there will always be pullbacks on the way to the target. The immediate pullback appears destined for 1.4570.

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

Gold moved nicely through the initial target setting up for a continuation. A break of either purple trend line will signal Gold's true intentions. A break & hold above the upper trend line should push Gold to 1300 with higher targets possible.

You also need a target. How else would you know where to exit the trade.? You also need to know how far the immediate pullback will go before price moves you into profit & towards your target. Once the target has been hit, you would not want to take another trade until a new target has been...

Once a target has been generated, it's just a matter of timing your entry to limit your draw-down before price moves towards the target. https://plus.google.com/communities/118400633874467964523

Before & after of Gold yesterday... And today's Gold trade

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...