Ken's Continuing Successes with EO's system

Here`s gu exaple. I try to show later some examples from usa open sessions witch i think its easier to see.

Great stuff kodziro im going to take some time and look at them properly a little later.

But just a quick question, what your pointing at being the Frankfurt candle, isnt that really the london open candle? I mean as far as i know the 1h Frankfurt candle opens at 0700 closes 0800 GMT, London opens 0800GMT.

I think Poland is the same time zone as Norway that being GMT +1 so Frankfurt would open our time 0800 and London at 0900 and iv got those candles at 0900.

Not trying to be picky, just got a little confused

Screens is from gmt +0 platform

Lol! I was mixing two platforms I got up with different time zones for 4h closes and got myself a little Sorry about that!

chart of a 1 hr trade analysis

my fr/lon trade, took most of it at 6364 and reversed

Here is a little something for you looking at Supply and demand areas , Same as S/R . The second chart is a 15 min .

15 min chart

1 hr chart

Plus you can see on the hrly chart once you were in that short there was not a support (Demand Base) till the bottom as you can't draw a level through a candle.

more and last

e/j possibility , may try posting a chart or two to see how these play out
1 hr chart .

here is loonie my sister did

OOps dhe labeled it UC but it is swizzy ..

Usd/chf

Some nice S&D lessons there Ken.

Wish everyone a good trading week. No news today so could be a sloooow one.

what the hell swizzy

I'd have drawn it more like that because the sharp drop didn't begin until the small bearish candles took us away from the bottom of that consolidation.

some thoughts on the swizzy trade and levels.

Do we want to continue to explore this S/D or leave it alone ?

I believe S/D areas (Support and resistance which I call it) is very important for a newbie or exp traders to experience. I first came across this concepts from Babypips forum(ATT thread). In that ATT thread, they discuss on topics like support and resistance combining with Previous Day High Low and Previous Week High low. If a new trader is finding out to understand S/D, they should plot these high and low levels on their charts and try to understand S/D areas from using these levels. Just my way of learning S/D areas when I first started out. It may not work for anyone but it works for me.

There has always been my believe that trading is as simple as we make it. It is hard because we don't believe in simple, in anything in our lives especially involving enriching it in any way. But I have always known better than that down deep inside.

That is how I came to live on a boat in Key West. Which many would consider to be a dream answered as well. At one point in my life I had the desire to build a boat, So as a new years resolution I purchased the plans for a 27' ketch from a company called Glen-L.

It was a fiberglass over plywood boat and my wife and myself built that boat. WE trailered it to the Gulf of Mexico and found that this is what we really liked. So another Boat was built a cruising sailboat this time a 24' steel hulled full keel one. WE lived on this one for a time but found it a bit to cramped for 3 and I being 6'4" . So we bought a 34' Fiberglass totaled boat from a insurance company and rebuilt it.

That is the Boat that we traveled to key west on and had for a number of years. WE then built a fourth boat from scratch a 40' trawler which ended up heavily damaged during a hurricane . So we now live on a 45' houseboat that we purchased.

The point being if I hadn't at some point had the thought that a normal person with average smarts could do something like build a boat I could still be living in the woods in north Louisiana . Working at a saw mill.

So when I first heard of Forex which for me was a hedging interest earning method, That without 400:1 leverage and favorable interest rates, is a dead deal.

I knew that just looking at naked charts someone was trading these currencies in a very simple and effective way. I know from my own experiences that probably the hardest part of doing this or anything else in life really great is conquering our own self set limitations.

I watched probably 10 of those webinars over the weekend, Pulling out the little details that were slipped here and there, But the one thing that stuck in my mind and that each and everyone trying to learn from anyone else is , That from the first video over 3 yrs ago to today nothing regarding the way he sees the market or trades has varied and for himself he doesn't use indicators to do so.

Now I LOVE my lines they have always been spot on for me anyway. But there has always been a little nagging feeling in my head that there has to be a edge to using them as well,

There had been for a short time a thread on Baby-pips called the Forex Store. It used the ideology that we buy when currencies were over sold those on sale at a great price. Guy only looked for pairs which were very over extended then would buy and just hold them until they came back to their fair value price. That made a lot of sense to me.

But for some reason i have never been able to grab this idea and hold it. I always knew that this is what we are truly doing. I would get so tired of people comparing this to gambling. Saying one has to lose for the other to win. Truth is one has to sell for one to buy . I could sell a trade happily with profit at a spot another could buy at a great level as well. especially being a scalper.

This is one spot I might disagree with those videos that just because someone is buying into supply doesn't mean they have to be losing . As long as they know they are.

So the focus for me or refocus, Is to see the levels as always but to see where the current interest of those levels is and fine tune the areas to allow better entries then also a better more confident level to TP at. ,

here are the boats I have had a 27' Chessie Flyer, 24' Tom Thumb, CT 34' , 40' Florida Bay coaster and now a 45' Coastal Harbor Master . Just in-case some are interested.