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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

Another2 good trades for me today, all done with Market Orders, I cant trust myself in front of the screen watching price spring one way or another.

Picked up 64 pips on GBPJPY from demand level, although it came within 2 pips of my SL.

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Also still in on GBPCHF short, up 55 pips so far and it came within 1 pip of my original TP earlier on, so hanging on to it for moment waiting on the trend to deliver to me.

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So those were the good trades today, however I stood in front of the USDCAD train that refused to stop at my supply levels I had picked out after the news release. So I picked myself up and challenged it again, only to be ceremonyously wiped away again. A lack of discipline made me go in again for another loss. I suspect a change of trend direction for CAD will occur now. Hopefully lesson learnt.
Quoting coxsox
Another2 good trades for me today, all done with Market Orders, I cant trust myself in front of the screen watching price spring one way or another.

Picked up 64 pips on GBPJPY from demand level, although it came within 2 pips of my SL.

Attachment 815373

Also still in on GBPCHF short, up 55 pips so far and it came within 1 pip of my original TP earlier on, so hanging on to it for moment waiting on the trend to deliver to me.

Attachment 815374

So those were the good trades today, however I stood in front of the USDCAD...

Awesome trading bro. You did very good and I know the feeling of being your own worse enemy. Again congrats and keep it up.
Just another one worth mentioning, could have got another 40 pips on EURGBP today but I am very wary of what Sam Selden calls "cutting down trees" where market orders are eventually all processed and price will break through, this was the 5th touch of this price point.

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There were somewhat similar good trades also on EURUSD, GBPUSD and USDCHF all for 50 pips each today, with small SL's required.

...oh GBPCHF nearly there now....
Quoting coxsox
Just another one worth mentioning, could have got another 40 pips on EURGBP today but I am very wary of what Sam Selden calls "cutting down trees" where market orders are eventually all processed and price will break through, this was the 5th touch of this price point.

Attachment 815389

There were somewhat similar good trades also on EURUSD, GBPUSD and USDCHF all for 50 pips each today, with small SL's required.

...oh GBPCHF nearly there now....
In a choppy market it sure is hard to know when enough is enough.
Good Trading To All ; Ken Lee
Quoting xxxxLearner
To me this level looks perfect.

Any thoughts???


Attachment 804125

EDIT: PLEASE NOTE DEMAND LEVEL IS FROM DAILY...EDIT II: Take no notice of previous edit....demand level is NOWWHERE!!! lol

Interesting to see if this gets a reaction. I moved entry to 1735.6
Quoting xxxxLearner
Interesting to see if this gets a reaction. I moved entry to 1735.6
What platform you using and broker for futures.
Quoting nawlins51
What platform you using and broker for futures.

Hi Nawlins,

nice to hear from you, I have been a bit ill for the past week.

I use GFT, dealbook, and I dont trade futures.

Does anyone else use dealbook?

If so does anyone know how to use anything other than lines going acroos the screen, it would be ideal to use wht every one else has, like a colored zone area, but I cant work it out on deal book.
Quoting xxxxLearner
Hi Nawlins,

nice to hear from you, I have been a bit ill for the past week.

I use GFT, dealbook, and I dont trade futures.

Does anyone else use dealbook?

If so does anyone know how to use anything other than lines going acroos the screen, it would be ideal to use wht every one else has, like a colored zone area, but I cant work it out on deal book.

Sorry about that. read chart name wrong. Nah buddy I use MT4 and mbtrading as my forex broker.

Sorry to hear you been sick. get well buddy
Probability Enhance result is 9

Let see how this work
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THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
My TP reached in about 2hrs Great for the day
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THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
Quoting ejiexe
My TP reached in about 2hrs Great for the day

That's funny was chatting on skype with my sister and she sent me that very trade. she had a PO set but canceled it and entered manually because it missed the Level by a few.. Great trade right between those levels . nothing between there to stop it . even though it was a news move . Trust the levels and you will be alright.

Great Trade. Ken
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Good Trading To All ; Ken Lee
just took this aud trade.
target has met while i was posting for +28.
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Quoting xxxxLearner
Hi Nawlins,

nice to hear from you, I have been a bit ill for the past week.

I use GFT, dealbook, and I dont trade futures.

Does anyone else use dealbook?

If so does anyone know how to use anything other than lines going acroos the screen, it would be ideal to use wht every one else has, like a colored zone area, but I cant work it out on deal book.

I use GFT let look at it but don't think you can add those nice little colored boxes. GFT now also has a MT4 platform as well. I have never used it but it is available on theirs as well as on Oanda. I am just pretty simple minded and like to keep it so.
Good Trading To All ; Ken Lee
Quoting elliotrader
just took this aud trade.
target has met while i was posting for +28.
Did you actually use the slow stochs at the factory settings to help gain entry . The all star entry on that 5 min chart. ? . Nice trade

Glad to see some are having some success with this.

For everyone else. The all star entry is a fast chart using a oscillator as a tool to help see over bought or over sold. in the beginning. The suggestion was the CCI or Slow Stochastic. Both just at factory settings. Then he settled on bollinger bands I think because it posts on the charts not taking up valuable real estate.

Cheers Ken
Good Trading To All ; Ken Lee
Nice trade ejiexe - I noticed another demand level higher up on the M5 chart (top blue line on the attached chart) that would have been good for three 20 pip scalp trades this morning.

Can anyone answer this: we were in a downtrend when the long trade was entered @ 1.5970. How did you know it would retrace almost 100% of the way back to 1.6036? Did you just hope it would as we are in a generally ranging market?

PB


Quoting ejiexe
My TP reached in about 2hrs Great for the day
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yay!!!

50pips TP reached on the GBP. Still waiting to for aud/usd to reach tp which is also 50pips.

http://i44.tinypic.com/2l8hojt.gif
hi kenneth!
thx for the nice feedback on my trade.
i used the slow stochastic and kethlner channel.
yup...aud tp hit too.
no complaints....

http://i43.tinypic.com/iz3jfk.gif
here was a clear OZ long as well , before the short. Some one asked why the gbp target . It was the clear choice. may not always hit but will most the times.
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Good Trading To All ; Ken Lee
Quoting kodex750
yup...aud tp hit too.
no complaints....

http://i43.tinypic.com/iz3jfk.gif

oops didn't see you had posted it already ... thread moves fast sometimes.. Great trading
Good Trading To All ; Ken Lee
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