Ken's Continuing Successes with EO's system

I would start by maybe using a 30 min chart , even for intraday trading it is advised to use a 30 min and hrly to pick your levels . I look for nice rejections then I may move my time around to get the clearest levels.

But if they are two wide top to bottom , I will look at a faster chart. even within the MA trading system the key to getting the huge gains was longer trades and just using the 15 min for entries. It is one thought that most ignore and find themselves focusing more on entries and less on the real goal nice big gains.

I have posted over 20 charts on how to find the best levels

Looking at your chart the area choose the line is not even drawn correctly the top line which would be your entry level , would be the close of a candle the body and the open of a nice rejection candle.

I marked the top level which has now been busted also the better area for your top line. Bot that area is so wide I would have to try it with a tighter stop or a different entry.

Any questions regarding how to place the Supply and Demand lines and the grading system ?

Before we move on to entries.

Thanks... I guess i have much to learn still... Failed the first test...
I'll review again and re-try to draw levels correctly... Never quit!

I am re-posting all the posts please wait till I am done for comments

more

more and final.

Hi Ken:

Thanks for the S/D lessons, I really wish that I was further along studying this method so thatI could ask some questions

see how we have to use longer time frames to pick levels .

I hope I am getting this now.. please correct me if I am wrong... This is how I understand it.
Thanks.

http://my.jetscreenshot.com/5685/20110428-pmh2-82kb.jpg

Better ,,

Thanks ken.. I think i got it now. I'll look for rally base drop areas.

I knew the bottom one got voided. But wasn't looking that far ahead as I was in backtesting mode, not drawing for the future candles.

We are truly lucky to have you here!!

you can see that the 4 hr level on the gbp/jpy has produced one of the best moves .

it hit the tp too anyone spot the tp area on that chart ?

Thanks for taking your time to teach S/D. Please confirm if i get the level correct on the EU daily chart?

yes that would be the area to look at, can't tell about the line placement with it so scrunched up but all good.

Here are some charts of some trades last night I took swizzy and the Loonie . But bailed on them too soon . Should have set the PO"s and came back this am. to two nice winners. I was a winner but nearly what it printed. But the levels are proving themselves.

I didn't take the guppy but am showing how the older to the left levels are very good some of the best as they have been sitting idling for a while.

The best levels are the ones price as moved the furthest from and are freshest haven't been hit in a good long while.

I am very chuffed with those first two trades but more than that the way price reacts at this levels with such precision is just kinda freaky , compared to other stuff. But loving it so far. GBP came off the top of a demand level as well not even penetrating into the zone.

If the levels are correct that seems to be the norm. Almost all the trades i have plotted not taken , Have either worked out or not been triggered. The planning of targets needs work for when price breaks levels but may not be to hard just if when with the trend give it a bit longer time if against take it at the next level.

Anyway. Cheers and Great trading to All ken

Plotted these areas last night.. then went to sleep, so i didn't get to trade them. both would have been profitable!
Looks like I could have made the top green line a little lower.

http://my.jetscreenshot.com/5685/20110428-aeqq-72kb.jpg

Very nice made a bit of adjustments on your chart the top green circle was good . and after the first short the second area is the new level you can see it just shifted a bit . But it was the tp area for the long .

[1:24:39 PM] Kenneth Lee: just bought OZ

demand level 30 min

1.0864 to 1.0851

here is a chart of that trade