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B.S. Trading with Kenneth Lee

  • #21
  • Sep 29, 2011 2:09pm Sep 29, 2011 2:09pm
great pdf kenneth, very concise
  • #22
  • Sep 29, 2011 2:46pm Sep 29, 2011 2:46pm
Very interesting read Kenneth.

I think you should start a trading room, you seem like a natural teacher.
  • #23
  • Sep 29, 2011 5:21pm Sep 29, 2011 5:21pm
Great PDF Thank you very much Kenneth
  • #24
  • Sep 29, 2011 5:45pm Sep 29, 2011 5:45pm
I've just finiched reading your books ant want to thanks you a lot for all this explanations!!!

Especially for the odds enhancers very good and please : CONTINUE !!!
  • #25
  • Sep 29, 2011 8:56pm Sep 29, 2011 8:56pm
Hi Ken,

Thanks for the sharing on your views of Sam's S/R ideas, you made it much more readable for non-english speakers like me

I remembered that I did spend quite some months to go through his free videos and articles over the internet, sometime it made sense to me but not all, most likely I was and still am not up to the required level.

After read your initial PDF (I trust there should be some updates later on), I'm interesting on the time frame you recommend. Cos you know I did spend quite long time on M15 play, outline those s/r levels from H4 and daily. I will see how your ideas can fit in this approach or any other recommendation?

Anyway, great thanks again on your contributions to the FX community over the years.

Cheers
City
  • #26
  • Sep 29, 2011 9:17pm Sep 29, 2011 9:17pm
OZ update ,
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Good Trading To All ; Ken Lee
  • #27
  • Sep 29, 2011 9:21pm Sep 29, 2011 9:21pm
I truly like how you were able to separate support/resistance concepts from supply/demand.

I have always used S/R as my explanation but I now see how supply/demand makes a more logical and intuitive explanation.

It really is a supply and demand equation just like any other commodity or item for sale. Increase supply and price drops. Increase demand and price rises.
  • #28
  • Sep 29, 2011 9:21pm Sep 29, 2011 9:21pm
Quoting Buildcity
Hi Ken,

Thanks for the sharing on your views of Sam's S/R ideas, you made it much more readable for non-english speakers like me

I remembered that I did spend quite some months to go through his free videos and articles over the internet, sometime it made sense to me but not all, most likely I was and still am not up to the required level.

After read your initial PDF (I trust there should be some updates later on), I'm interesting on the time frame you recommend. Cos you know I did spend quite long time on M15 play, outline those s/r...
I have been mainly looking at a 30 min chart as it seems to be clearer with good levels. Then just leave those levels on your chart and switch to 15. if you prefer that chart. You cna even zoom down faster if you want trying for the entry with the least risk , But as with most trading the you may have less risk but a few more failures . if your not the sort to re-enter after a stop is hit but your level looks good it may not be good advise to use fast charts.

Hope this is clear Ken
Good Trading To All ; Ken Lee
  • #29
  • Sep 29, 2011 9:39pm Sep 29, 2011 9:39pm
Quoting Kenneth Lee
I have been mainly looking at a 30 min chart as it seems to be clearer with good levels. Then just leave those levels on your chart and switch to 15. if you prefer that chart. You cna even zoom down faster if you want trying for the entry with the least risk , But as with most trading the you may have less risk but a few more failures . if your not the sort to re-enter after a stop is hit but your level looks good it may not be good advise to use fast charts.

Hope this is clear Ken
Worth to try, tks.

Trade well and safe mate, City
  • #30
  • Sep 29, 2011 9:50pm Sep 29, 2011 9:50pm
Nice thread Ken. I have followed some other S/D threads but in this one your PDF makes it much clearer. But I still need to study and look at charts as the zones elude me. I hope you will post many more examples especially current charts.
  • #31
  • Sep 29, 2011 10:36pm Sep 29, 2011 10:36pm
e/u update
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Good Trading To All ; Ken Lee
  • #32
  • Sep 29, 2011 10:44pm Sep 29, 2011 10:44pm
I did not take the e/u trade but had taken the OZ , instead. Depending on where you moved your stop to. you could have hit the target. The systems idea would have to just bring your stop to BE when the first tp was hit , But I personally would find it hard to give back 60+ pips. So you may got stopped with about 70 or held it to hold and made the full run 150 pips.

I think as you start to see more and more of these levels get hit it maybe easier to hold. Just one of these trades a week would be better than most achieve in a week.

Cheers Ken
Good Trading To All ; Ken Lee
  • #33
  • Sep 29, 2011 11:59pm Sep 29, 2011 11:59pm
Quoting Kenneth Lee
I did not take the e/u trade but had taken the OZ , instead. Depending on where you moved your stop to. you could have hit the target. The systems idea would have to just bring your stop to BE when the first tp was hit , But I personally would find it hard to give back 60+ pips. So you may got stopped with about 70 or held it to hold and made the full run 150 pips.

I think as you start to see more and more of these levels get hit it maybe easier to hold. Just one of these trades a week would be better than most achieve in a week....
I didn't take it either. I am still somewhat getting a feel for it but its good to see my zone matches yours. I do have marked another zone in solid blue rectangle from the 30 minute charts. The blue horizontal lines are areas marked from the M15. I am wanting to see how it reacts. We are in a downtrend so was hesitant to go long. I am looking at those levels above it. The trick is getting in the right one. I am not sure the 15 holds its weight like the 30 and higher. I do have zones marked on my charts from the 4 hour and daily just can't see them in the pic. I am very picky about my selection. Anyway lets see what happens with the EU.
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  • #34
  • Sep 30, 2011 12:49am Sep 30, 2011 12:49am
I took the EU
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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #35
  • Sep 30, 2011 12:51am Sep 30, 2011 12:51am
Quoting Rufus
I took the EU
Sweet trade bro. Congrats. Trying to find an entry to go short myself. Doing some experimenting in the lab.
  • #36
  • Sep 30, 2011 1:02am Sep 30, 2011 1:02am
anyone had success with this trading stocks?
  • #37
  • Sep 30, 2011 1:06am Sep 30, 2011 1:06am
Quoting nawlins51
Sweet trade bro. Congrats. Trying to find an entry to go short myself. Doing some experimenting in the lab.
Thanks

Sometimes they just work out text book style moving from supply to demand. I was just about to set this up as a pending order when price hit my zone. I am a big fan of pending orders. Takes all the emotion out of your position.

Look at that chart. Happening as I am typing. FF can do some interesting things. I am not trading right now, heading for bed. S/D is king or do I dare say it the "holy grail" naaaa. No grail, just a great way to trade
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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #38
  • Sep 30, 2011 1:09am Sep 30, 2011 1:09am
Quoting madetrader
anyone had success with this trading stocks?
It works with stocks...Everything in life is Supply and Demand.

Dog gets to much supply he demands to crap
Attached Image
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #39
  • Sep 30, 2011 1:09am Sep 30, 2011 1:09am
Quoting Rufus
Thanks

Sometimes they just work out text book style moving from supply to demand. I was just about to set this up as a pending order when price hit my zone. I am a big fan of pending orders. Takes all the emotion out of your position.

Look at that chart. Happening as I am typing. FF can do some interesting things. I am not trading right now, heading for bed. S/D is king or do I dare say it the "holy grail" naaaa. No grail, just a great way to trade
I missed the short. Had it marked and missed where i wanted it to move. Missed it by 5 pips. Oh well. Yeah gonna crash for a few and hit it around 5 am my time.
  • #40
  • Edited 8:46am Sep 30, 2011 7:32am | Edited 8:46am
Quoting nawlins51
I missed the short. Had it marked and missed where i wanted it to move. Missed it by 5 pips. Oh well. Yeah gonna crash for a few and hit it around 5 am my time.
If you watch Sam's webinars then do a screen shot and exam his layout for each pair he is trading you will see he has multiple time frame charts the fastest being a 2 min. If you had a 5 min up at the time you may have got your entry

Plus your level was a swap level I find that if I incorporate the previous . Demand level into my new supply level I can see a bit better the possibilities.
Just a thought though the 5 min makes it very clear.
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Good Trading To All ; Ken Lee
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