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Ken's Continuing Successes with EO's system

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  • Post #1
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  • First Post: Edited Sep 15, 2010 10:55am Jan 17, 2010 8:37am | Edited Sep 15, 2010 10:55am
  •  Kenneth Lee
  • Joined Nov 2008 | Status: Trade Inspiration Not Despiration . | 4,827 Posts
Happy Sunday Everyone; I am starting this thread so I can continue to try and develop My own abilities to trade EO's "Trade What You See Not What You Expect" System In my view it is one of the top trading ideas I have seen. I have broken away as My views have brought some static from the original thread, Nothing to Do with EO. Anyone who is so willing to start that thread and continue to provide on going information when beiing so successfull as he is and running a fulltime bussiness. Deserves all the praise he can get.

I will strive to continue in a fashion living up to the standards of the original thread. But I don't have the skill that those making the most $$ on that thread do. What I do offer is the time and the ability to provide answers to those having trouble seeing something. As I did on that thread the reasoning behind this is to help me see as well as show others.

The main focus of that system is to trade long term while maintaining the ablitity to take smaller trades. This I believe has caused some static in the past from different folks that are set in their trading style not being able to see that possiblity. This is not up to debate. We will be working on that ability ,to make $$ is our only goal.

The ideas in this system are tried and proven over years of trading. We will be striving to take trades with the best chance of large gains. But we will not be blind to the fact that not all of us can be at the right spot at the right time. So to see secondary entries and possible smaller trades will also be a objective. As I live in the eastern US I will also be looking at Asia entry trades with the option of leaving them open over night.

I was originally going to use the thread I have on Baby Pips . But their Charts attachments are not as user friendlly as Forex Factory.

DISCLAIMER ; None of this information is unique or my own it is just a collection of some of the best trading ideas and information from across the Internet. The mass majority is EO and Infinity's. I aill Place PDF's here that explain the system. Please read both the 1400 is a collection of post by EO from his thread the second is My interupattion of that system in a away that helps it to flow better for me anyway.

I have to give credit to LuckyLady who did the editing and retype of my PDF . Thanks Very much, It is that type of working together that helps us all to gain in knowledge.

SYSTEM PDF HERE READ FIRST http://cdn.forexfactory.com/attachme...3&d=1263310748




http://www.4shared.com/dir/23050575/...ok_by_Ken.html This link is to a set of Flash cards showing trades One candle at a time. Other is zipped file un edited

THIS IS NOT AND NEVER WILL BE A SIGNAL SERVICE , WE ARE ALL RESPONSIBLE FOR OUR OWN TRADES, ANYTHING MENTIONED HERE LIKE PATTERNS OR ENTRY TRIGGERS I WILL TRY AND PROVIDE THE SUPPORTING DOCUMENTATION FOR IT. I AM JUST TRYING TO EACH US ALL HOW TO SEE WHAT IS IN FRONT OF US. MANY EYES CAN SEE BETTER THEN JUST TWO.
Attached File(s)
File Type: pdf Forex%20Trader%20Job%20Description[1].pdf   562 KB | 36,816 downloads | Uploaded Jan 20, 2010 4:23pm
Good Trading To All ; Ken Lee
  • Post #2
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  • Jan 17, 2010 8:55am Jan 17, 2010 8:55am
  •  Kenneth Lee
  • Joined Nov 2008 | Status: Trade Inspiration Not Despiration . | 4,827 Posts
It is sad in this day in age we should have to even post rules. We should all know how to act by now.

(1) Please read the PDF's first. To take time to totally have to explain the system is very time consuming. But if you have questions by all means ask we are here to help. You may ask the question others are afraid to ask themselves.

(2) We are trying to develop this system not write a new one, If you have something to add to it that could enhance the quality if that . We are all ears. But to just go completely off topic is not conducive to perfecting any system. So please lets focus on learning this.

(3) Please forgive my grammar and spelling at times I rush through things and make mistakes. As I am also trading when I post sometimes. But I try to respond in a timely manner as I know you want the answer.

(4) We will be kind to each other. Don't forget we all had to start somewhere and we all learn at different speeds. This is probaly what got me in trouble at the other thread was my slow learning curve LOL.
If you can help each other by all means do so. " We Teach The Best That Which We Need To learn The Most" So help each other and you will help yourselves.

(5) We will have fun DAMMIT !!! But Not at others expense. Try and keep the sexist, racist, political, religion stuff to a minimum. I personally don't care I can ignore a lot. But just because one person doesn't mind the picking others may feel intimidated by it. So lets try and keep this a fun place to hang out and learn.

(6) Remember we have trap doors if you come here to just cause trouble they can and will be used. I am doing this to help myself and others. So we will do what we have to to stay focused on the goal to make some $$.


If you can post charts showing entries and exits when asking questions will help us to answer more accurately.
Good Trading To All ; Ken Lee
 
 
  • Post #3
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  • Jan 17, 2010 9:25am Jan 17, 2010 9:25am
  •  traderdp
  • | Joined May 2006 | Status: Member | 69 Posts
Kenneth.
thank you for taking all the time to write an extremely informative and inclusive pdf. As I read and re-read through the pages, it seems that I learn more each time. I really appreaciate all the time and energy that it must have taken to compile this. I will continue to go through it all several times. I look forward to this thread really taking off.
traderdp
 
 
  • Post #4
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  • Jan 17, 2010 9:32am Jan 17, 2010 9:32am
  •  Kenneth Lee
  • Joined Nov 2008 | Status: Trade Inspiration Not Despiration . | 4,827 Posts
Here is our first chart this just showing the posiblity of overnight trades. I trade the GBP/USD and The EUR/JPY. as that gives me a good mix of currencies for the different sessions.
Attached Image (click to enlarge)
Click to Enlarge

Name: EJ  1 hr. Asia.jpg
Size: 254 KB
Good Trading To All ; Ken Lee
 
 
  • Post #5
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  • Jan 17, 2010 10:14am Jan 17, 2010 10:14am
  •  Kenneth Lee
  • Joined Nov 2008 | Status: Trade Inspiration Not Despiration . | 4,827 Posts
And here is the same chart showing the GBP/USD . Not as easy looking as the EUR/JPY . But the law of averages would have made it a good week and as you can see it was possible to keep this open most the week for 300 pips. with 2 places to add on .
Attached Image (click to enlarge)
Click to Enlarge

Name: GU  1 hr Asia.jpg
Size: 235 KB
Good Trading To All ; Ken Lee
 
 
  • Post #6
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  • Jan 17, 2010 2:05pm Jan 17, 2010 2:05pm
  •  Kenneth Lee
  • Joined Nov 2008 | Status: Trade Inspiration Not Despiration . | 4,827 Posts
As you can see by those first two Charts , If we play it right we can make good profits by trading in our sleep. Take some of the emotions away. We may not get all the entries but we will certainly try and get as many as we can. My focus is to make $$ .

I will be reviewing hose trades on a daily basis that way we can zoom down and see the entries. We will try and take the trades off the higher time frame charts on down. The principals for these trades are the same for anytime session trading.

We will also cover other trades as well. But I have always had a special interest in these overnighters. Living in the US if you were traveling trading this session from your hotel , boat or cabin . In the evening would free up a lot of leisure time. My primary goal to trading Forex has and still remains the freedom it should offer us to do what we want. From anywhere in the world. To get rich isn't a goal but if it happened I wouldn't turn it down.LOL
Good Trading To All ; Ken Lee
 
 
  • Post #7
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  • Jan 17, 2010 2:47pm Jan 17, 2010 2:47pm
  •  Kenneth Lee
  • Joined Nov 2008 | Status: Trade Inspiration Not Despiration . | 4,827 Posts
Here is a set of Flashcard JPG's I made a long time ago. I will be redoing these as I need to add the view from the higher time frames to give the complete picture. But as they are you can see the different trades unfold one candle at a time.

Just click the link and download the PDF labeled Flashcards. The other is a un edited version of the zipped PDF from above.


http://www.4shared.com/dir/23050575/...ok_by_Ken.html
Good Trading To All ; Ken Lee
 
 
  • Post #8
  • Quote
  • Jan 17, 2010 3:08pm Jan 17, 2010 3:08pm
  •  Allanuk
  • | Joined Aug 2008 | Status: Member | 70 Posts
Hi great thread thanks for starting, as always great reading and masses to learn. My problem being as a trader is my entry points, there totally terrible, now i know this is down to patience, i generally know the direction of the trade its just i need a bigger stop loss than i would like to cover for my bad entry points....But thats a problem only i can sort out because i know where i`m going wrong...patience for waiting for the pin bar or hitting s/r ......anyways eager to read what you write...regard and good trading
 
 
  • Post #9
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  • Jan 17, 2010 3:18pm Jan 17, 2010 3:18pm
  •  Kenneth Lee
  • Joined Nov 2008 | Status: Trade Inspiration Not Despiration . | 4,827 Posts
Quoting Allanuk
Disliked
Hi great thread thanks for starting, as always great reading and masses to learn. My problem being as a trader is my entry points, there totally terrible, now i know this is down to patience, i generally know the direction of the trade its just i need a bigger stop loss than i would like to cover for my bad entry points....But thats a problem only i can sort out because i know where i`m going wrong...patience for waiting for the pin bar or hitting s/r ......anyways eager to read what you write...regard and good trading
Ignored

If you go through the pdf then the flashcards you will see the entry points and also the best stop positons.

To close a trade doesn't make it a bad trade. You may just be a bit early and a better entry can be taken. I have seen places where maybe 3 entries were taken before the trade moved correctlly. It was only that price kept retesting a area until exhausted then it turned. Same can happen with a breakout.

So yes as you said Patience can help but also we don't want to miss the good ones it is a fine ballance that does take skill to get. But with the right combination of signals a better than average edge can be achieved.

it will become clear soon enough.. Welcome Ken
Good Trading To All ; Ken Lee
 
 
  • Post #10
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  • Jan 17, 2010 3:39pm Jan 17, 2010 3:39pm
  •  albchr
  • Joined Mar 2009 | Status: Member | 25,480 Posts
Hey buddy

Thanks for the email and link. I look forward to working and learning with you here and I'll keep my posts to a minimum for 2 reasons.

1. To "try" and keep the thread size smaller so others won't be intimidated by having to read a "large" thread.

2. I'll only add to your great work if I feel I have something that will actually contribute to both the work you do, and the learning curve of those following along.

GREAT to see you here Ken. This will be fun!
Ghost Rider - WWTBMD?
 
 
  • Post #11
  • Quote
  • Jan 17, 2010 4:16pm Jan 17, 2010 4:16pm
  •  alcando
  • | Joined Jul 2008 | Status: Pip Pincher | 758 Posts
Hi Ken

Thanks for the invite to your new home. I see you have added some nice deco and I look forward to being part of the furniture... consider me the Deer's head on the wall... always there with open eyes.

Nothing wrong with you having a home from home mate and a different stream of discussion. If everyone agreed all the time in Forex there would not be 6000+ threads on FF. All the best mate. I'll drop by for a pint of pips with you guys tomorrow.

Al
Ride the Bulls bearback!
 
 
  • Post #12
  • Quote
  • Jan 17, 2010 11:29pm Jan 17, 2010 11:29pm
  •  Gladis Night
  • | Joined Dec 2009 | Status: Dumb blonde, please be patient | 845 Posts
Hi Ken
Great to see you have your own home now, I hope to be a regular visitor ( if not a permanent lodger ). Carry on the great work, you introduced me to EO's terrific work (shame on you ) so I charge you with the responsibility of continuing to keep me on the right path ( just kidding ). Hopefully, in time I will be able to make some useful contribution as i mainly trade London
all the best trading to you
" When the ship starts to sink, don't just pray. JUMP "
 
 
  • Post #13
  • Quote
  • Jan 18, 2010 12:01am Jan 18, 2010 12:01am
  •  scottik187
  • | Joined Nov 2009 | Status: Member | 392 Posts
Thanks for this.

I look forward to reading the pdf this week and learning the system.
 
 
  • Post #14
  • Quote
  • Jan 18, 2010 12:13am Jan 18, 2010 12:13am
  •  Jack B Pip
  • | Joined Jan 2010 | Status: Junior Member | 3 Posts
Hey Ken,
Once I figure out this site, I'll start posting my questions here.
Thanks
Jack
 
 
  • Post #15
  • Quote
  • Jan 18, 2010 1:32am Jan 18, 2010 1:32am
  •  Snowmeizer
  • | Joined Nov 2009 | Status: Member | 94 Posts
 
 
  • Post #16
  • Quote
  • Jan 18, 2010 2:31am Jan 18, 2010 2:31am
  •  Kenneth Lee
  • Joined Nov 2008 | Status: Trade Inspiration Not Despiration . | 4,827 Posts
Like to Thank You all for stopping by. I will field any questions you may have regarding entries higher frame or short. The ultimate goal is the longer trades which require the confluence of most the time frame charts..

But there are those that have only limited time to trade and may not be able to get those extreme edge entries. So will post charts show the ultimate entries . But also the secondary and mid level trades available.

So have a drink at the bar there are juices for those that don't drink. If you have queries just ask. I will post charts after trading is over . But field questions as I can.


WELCOME ALL
http://www.coloradosignaturehomes.co...LGA_WetBar.jpg
Good Trading To All ; Ken Lee
 
 
  • Post #17
  • Quote
  • Jan 18, 2010 2:43am Jan 18, 2010 2:43am
  •  Kenneth Lee
  • Joined Nov 2008 | Status: Trade Inspiration Not Despiration . | 4,827 Posts
Instead of over loading every chart with loads of information I will label the entries by the name associated with the PDF. If anyone needs clarification on a entry just ask. I will try and also Number them so you can say. Example; "I don't understand the 1:00 trade (A) or (1)".

Then we can give more detail on the particular one. As we progress we may move into listing some levels to watch. Those are where the extreme entries or best will be found. They are normally S/R areas off our higher time frame charts. Then followed by the development of Price Action followed by a signal on a higher time frame chart then a entry trigger off the 15 Min. chart.

This is what I had said in my New Years posting that to rise above being Mediocre traders of this system a shift in thinking had to take place. That is that shift to see it all and use it fully.

If anyone has a better format or way to tackle this project don't hesitate to say..

Trade Happy Ken
Good Trading To All ; Ken Lee
 
 
  • Post #18
  • Quote
  • Jan 18, 2010 2:49am Jan 18, 2010 2:49am
  •  Gladis Night
  • | Joined Dec 2009 | Status: Dumb blonde, please be patient | 845 Posts
Good morning Ken
what you propose sounds great, i look forward to learning with you for a long time to come
" When the ship starts to sink, don't just pray. JUMP "
 
 
  • Post #19
  • Quote
  • Jan 18, 2010 2:59am Jan 18, 2010 2:59am
  •  Deputy Dawg
  • | Joined Sep 2009 | Status: Member | 90 Posts
Hello Ken,blimey nearly went to babypips hehe,are you going to stop posting on the thread on babypips and just concentrate on this new one here ?

Anyways,just wanted to say,you'll be missed,and am sure lots of the guys from Eo's thread will have a Tab open to here too,I know I will.

Thanks for the good work you did there,and keep it up here too will ya.
 
 
  • Post #20
  • Quote
  • Jan 18, 2010 4:13am Jan 18, 2010 4:13am
  •  kodziro
  • | Joined Jun 2009 | Status: Member | 331 Posts | Online Now
Hello.

My 2 setups, first with asian open, second with European/London open.
Ken what do you think about second one ?
Attached Image (click to enlarge)
Click to Enlarge

Name: ejj.jpg
Size: 142 KB
 
 
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