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Day Trading vs. Swing Trading vs. Position Trading 84 replies

Attachments: B.S. Trading with Kenneth Lee
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B.S. Trading with Kenneth Lee

  • Post #1
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  • First Post: Edited May 17, 2013 3:30pm Aug 23, 2011 10:23am | Edited May 17, 2013 3:30pm
The pdf is Below ,, Sorry not the highest quality but should be enough to start a dialogue.

For many who's second language may be English or for those just starting out...the use of acronym's may present a challenge.
Something that may help ?

SD = Supply Demand
SR = Support Resistance
DBR = Drop-Base-Rise
RBD = Rise-Base-Drop
RBR = Rise-Base-Rise
DBD = Drop-Base-Drop
R/R = Risk reward ( risk as it relates to your trading equity )
DZ = Demand Zone ( also known as Demand Level ) I like Mr. Black's acronym
SZ = Supply Zone ( also known as Supply Level ) I like Mr. Black's acronym
SL = Stop Loss
TP = Take Profit
SM = Smart Money ( the group you want to follow )
DM = Dumb Money ( the group you DO NOT want to follow )
HH = Higher High
HL = Higher Low
LH = Lower High
LL = Lower Low
VS = Volume spread of the candle from it High to Low )

Feel free to add along the way..AS IT PERTAINS TO TRADING ** PLEASE **

I know that some of you are dying to get creative

TSD
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Attached Files
File Type: pdf BS Trading.pdf   5.0 MB | 64,983 downloads | Uploaded Sep 28, 2011 6:00pm
File Type: pdf Romancing the Stop.pdf   2.0 MB | 24,605 downloads | Uploaded Jul 8, 2012 11:31am
Good Trading To All ; Ken Lee
Quoting Kenneth Lee
I am working On a PDF for this trading idea, hope to finish it this week , But wanted somewhere to share some charts so will just edit this first page , Until the pdf is complete.
Hi Kenneth,

Well I guess the question is: " How do you determine your supply and demand zones " as illustrated on the chart example ? Always interested in those who trade using a form of support and resistance as this is how I trade. To me price is always moving between areas of support and resistance as you have shown on your chart.

TSD
Quoting TraderinSD
Hi Kenneth,

Well I guess the question is: " How do you determine your supply and demand zones " as illustrated on the chart example ? Always interested in those who trade using a form of support and resistance as this is how I trade. To me price is always moving between areas of support and resistance as you have shown on your chart.

TSD
will be covered in PDF fully , but number one it is not support and resistance, That terminology is one of the issues with trading the swapping of words trying to encompass many ideas. Supply and Demand is a measurable and visible thing. Not a spot on a chart just because price seems to turn that we just label it.

Anyway it is coming soon ..

Trade Well ken
Good Trading To All ; Ken Lee
Hi Ken,

I think you've done the right thing here by starting a new thread, the old one was in danger of giving out confusing/conflicting messages. At least here, everything will be "on message"

All the best with it and with adapting this approach to hopefully suit your lifestyle and psychological fit more appropriately.

For anyone new to Ken and not to make him blush in any way, he’s a patient and very good teacher but also one of the good guys. Take the time to read his stuff and you'll be a better trader for it, I promise

Cheers for now Ken

Trotty
I thought you were gone for good, PDF is cool, love to see you keep posting chart though...

ur a good teacher...
Hey

Not sure if you are the right person to ask but lets say you have a supply level and price goes down to demand, then from demand to supply again but this time price breaks to the up side from the supply level.

Does the supply level become a demand level and then what would the TP be?
  • Post #7
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  • Edited at 10:51am Aug 24, 2011 10:30am | Edited at 10:51am
Quoting madetrader
Hey

Not sure if you are the right person to ask but lets say you have a supply level and price goes down to demand, then from demand to supply again but this time price breaks to the up side from the supply level.

Does the supply level become a demand level and then what would the TP be?
In that case you will find what is called a rally-base-rally that means price came up to the supply level based for a bit ( consolidated) then pushed on through. Then when price comes back down from a higher supply level your 2nd tp . it will be a demand level.

It is those moves that can also provide one of the three entries a breakout just as in all most every other strategy a break of ANY line, trend .resistance, supply. what not . A breakout then a retest is the entry. Same here just now we have a understandable reason for it . The demand was greater than supply it takes a little while for the demand to completely overwhelm supply , hence the base forms then price pushes higher. The stronger price leaves the base ( demand level) the more demand is still left over waiting for price to come back to it providing more supply to get. Just like a buyer waiting for more product to buy when more product shows up and the buyer has lots of money left he again buys it all. If he doesn't have much supply can be to great and then push back down. But it is visible on your charts based on velocity how price leaves levels. very clear.
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Good Trading To All ; Ken Lee
will follow u here as well... keep up with the good work ken
I don't want a job, i want money!
Looking forward to PDF.

All the best from Ireland

Danny.
I subscribe to this thread as well. I remembered I said earlier that you should start a new thread with this Sam stuff. Thank God you eventually did. I am sure the message will be well passed. I will follow you as the method suit my personality.

You will surely get it right one day and reap the reward of your hard work.
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • Post #11
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  • Edited at 12:29pm Sep 9, 2011 12:13pm | Edited at 12:29pm
  •  Megara
  • | Joined Sep 2009 | Status: MOMENTUM'S THE GODFATHER OF TRADING | 759 Posts
Quoting Kenneth Lee
In that case you will find what is called a rally-base-rally that means price came up to the supply level based for a bit ( consolidated) then pushed on through. Then when price comes back down from a higher supply level your 2nd tp . it will be a demand level.

It is those moves that can also provide one of the three entries a breakout just as in all most every other strategy a break of ANY line, trend .resistance, supply. what not . A breakout then a retest is the entry. Same here just now we have a understandable reason for it . The demand...
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I've read Sam's materials but still confuse, Rally base drop;drop base rally things.
Looking forward and have Subscribed this thread
I'm still reread this post to fully absorbed the info here. Thx Kenneth
Shake it off!Lick the Wound,Prey Again!
Looking forward your fresh idea

Bit lazy these days but still trading. Hope everything fine.

All the best.

City
Hi Ken,
Thanks for starting this thread. Hope u will continue to update this thread and I look forward to learning from u.
PDF added to first page
Good Trading To All ; Ken Lee
Quoting Kenneth Lee
PDF added to first page
We look at it. thanks
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
Thank-you, Kenneth .
Thanks Ken for all the effort you put into the PDF. Hope to see you posting more with you insights into this method.
Your work and insight are greatly appreciated by me.
Thanks Ken for your work, i will read it today.
Trade with the momentum
oz and e/u 30 min charts
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Good Trading To All ; Ken Lee
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