Trade what you see NOT what you expect

Anytime!

I've closed both the Mrs & Temptress

The temptress going to try 1.4900 again

Waiting for both the Mrs & temptress with .50-cal love to get paid twice!!

The Mrs must off spotted me in the bushes she ran off lol!!

Have a great weekend everyone ciao

you too cu

Not to one up lucky lady or anything ,, I hope she does get it done as the pdf here are to bigh to post anywhere. But I keep getting many PM's about the whole thing and tired of sending e-mails.. so here ..

Again Thanks to Lucky Lady as it is my ignorance with pdf's that has caused the issue she is dealing with..

My son loaned me some space on his server for a PDF of the startegy that is just copies of all the postings as it was written. There are 2 pdf's on this server .. One is the manual the second is flashcards showing trades one candle at a time. You should read the notebook first then the flash cards will make some sense to you...
Ken
http://allan-lee.com/guide/index.htm
http://allan-lee.com/cards/index.htm

Hi EO,

many thanks for that. Very well explained.

Still having trouble to draw only S/R levels, that are the main levels. Have had too many on my charts. Used to have S/R levels every 30-50 pips.

E.g. 1.6385-90 on my daily.

Does an area where there are levels from different time frames holds more importance - like 6740 or 6680? And do weekly have more weight than 4hr?

At the moment I'm trying to stick to range BO and the retracement setups (35/50 and 63EMA) as they are more forgiving.

Thanks

Thomas

Wow,to see all that info put together is awesome. To think of all the time, energy and thought that you put into this Ken is amazing! Just want to say THANK YOU!!


Enter like a scalper profit like a position trader


Thats a great line, some of these pairs are so turbulent atm its so much eaiser to intraday trade than try to hold a position, with these big stoploss consuming swings at least from my perspective. Me and my account are so happy to find this thread. My trading is finally starting to come together, by reviewng all the charts and post of yours Eo's and all the regulars on here I feel confident every morning I can make money a true confidence I didnt have till recently.

Thank You!!

Here is a question and response from another site I Post at.. Ken


Yes The flash cards are a great tool , I actually made those almost a year ago. But without the information in the manual it is of limited use. Yes the PA ( Price Action ) and PPA (Previous Price Action ) are the easiest to see. Which is why we look for that first when reaching a area we have marked on our Charts for a possible reversal. Then we watch for a entry signal.

The entries alone are hard to see , it is a learning process. The same as learning anything you ever have. I find it hard to understand why people can not understand this. When we learned to drive. We all were anxious and scared and unsure of ourselves. Yet now we jump in turn the key and zoom off. Knowing whatever happens what to do. But you learned to do this. You weren't born doing it.

That is the biggest failure I believe of most traders, they are to impatient to keep with one strategy or the other not giving themselves time to allow their mind to be able to process the information. If you can't understand what I am saying you will disagree wholeheartedly. But if you come to grips with that idea and actually try to teach yourself how to learn whichever strategy you choose then you can succeed.

Remember as a child you used to have to do things repetitively to learn multiplication tables. hand writing over and over and this when we were young and our minds were more open. There is know difference now. So give yourself sometime to learn before judging any strategy.

This is also why we can see signals or entries a few moments after they happen. We are learning to see them, we know what they look like after they have printed but not during. This is why I made the flashcards to help teach my mind what I need to see. We have lots of entries to take after a candle prints (Closes). So they can be easier to take, But the touch trades or retest trades are available more often. But if you have been trading very long at all you should understand breakouts and retest trades as their are many strategies that use those entries.

Yes the dotted green line on my chart is a reference line to let me know that price is approaching the 62 ema on the 1 Hr. chart. and yes to transfer any MA's to a lower chart just multiply the amount of candles. This ema is 248.

I use it because with almost all signals the higher the time frame chart it is on the more reliable it is. The 62 ema is a retracement trade it normally aligns itself with a major fib level and it can be a great entry for a decent size trade. The same as the 35/50 cross reversal trade but it is on the 15 Min. but also is a retracement trade. The use of any of the tools you are comfortable with until you start to see without their use is fine. But you will start to see that the MA's we use align themselves with fib levels, pivots, S/R areas and almost any other tool you may have used. They are just a simple quick visual aid to see the entry areas quicker.

They also allow us to see possible trades during almost any trading time. As long as the price is moving we can catch a trade. If you look at the flashcard pdf. Those trades worth over 200 pips took place at the end of the session U.S. on a Friday afternoon. Not normally a great time to trade.

The use of this information for long term traders. Is to wait for price to near your already marked areas of possibilities. Then using the lower time frame charts . get a entry and cover your trade before you would normally even started to see the possibility of a entry. Then you can be a risk free trade the best place to ever be.

I know I said a lot more than you asked it wasn't aimed at you just trying to impart some information here..

Trade Well Ken.

Outstanding job as always Ken

Macc

Thomas Check out this Video , Davids sent me. A great video on drawing S/R lines but I and I think EO use the 4 HR and the Daily the swing high and lows on the daily will also be high and lows on the 4 Hr.

This is not a recommendation of this guys course. Don't know anything about him myself and I won't be looking. I have found the way I want to trade but it is a nice video for S/R ..

Trade Happy Ken

http://www.learntotradethemarket.com...-and-r-levels/

Evening all - ken I read this thread daily but I tend not to say too much but just want to say a massive thanks for the work you put in ( and the rest of the team) but you stand out as a top chap and I sincerely thank you for your help and patience. Good luck and happy trading one and all wm

Did this 35/50 fail? or did we just miss the information that was there ?

Ditto on this. Thanks a ton, Ken. Fantastic insights.

Good morning afternoon all, looking at tl resistance pretty much the same on a 4hr. The mistress is all wraped up in the ma's and a round number on the 15m.

Got a bizzare e-mail from someone wondering why I was thanking Ken, that person obviously hasnt read much of this thread. I thought sniffing glue was old school guess not?

I have ibfx and my spread on e/j just wont stay consistent I know there was a touch of news but this seems odd maybe lots of volume? Anyone else seeing this?

My primary account's are with MBTrading and they have a variable spread. During most times, my spread is 2, but during volatile times (news, volume coming/leaving the market) I've seen the spread move to 12. Same goest with GU, my spread is usually around 3 on GU, but can move upwards of 12 at times. I've also had negative spreads before, which are always nice!