Good Trading To All ; Ken Lee
- Joined Nov 2008 | Status: Trade Inspiration Not Despiration . | 4,827 Posts
Good Trading To All ; Ken Lee
Day Trading vs. Swing Trading vs. Position Trading 86 replies
DislikedSometimes level will get a test right after it forms. still some undecided order flow or maybe some retila guys moving a bit but as FX said we are always looking for that definite move away from a level not a strangling bunch of candles but a serious move.
Then for a fresh touch I like to see it move away and in the concept of the chart your watching which would make it different on each chart for it to stay away for awhile . Also one of the factors you can look for is that maybe somw levels in fornt of the fresh one have turned price a bit...Ignored
DislikedI appreciate the response and chart but have one more question . If a zone is too big, then why not drop to a lower timeframe and reduce your risk?Ignored
DislikedLast one for tonight...lol
I dont want to clutter the thread...
Any thoughts on this setup or should I be looking at a demand level further down??
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DislikedI have my level there also. Not a pro at this but Ken has his there also. Check page 21. He has his levels marked for AU on M30 time frame.Ignored
DislikedGot 30 pips out of this. Was hoping it bust through that crappy supply zone at the top but it was meeting heavy resistance. Took profit. Will look for 1 more trade. 25 to 50 pips a day is good enough for me. So there now. Want a good high reward low risk trade. None happen then no trading.Ignored