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Ken's Continuing Successes with EO's system

  • #41
  • Jan 18, 2010 1:31pm Jan 18, 2010 1:31pm
Quoting AnonYmos
But would you comment on these posts? Even if they came immediately before or after the trade. Or would you feel responsible for what ppl are doing then? Asking because I'm posting in order to get comments. And I like posting while things are happening. I think, that's what endroute meant. Hindsight analysis jsut has a different quality.

I comment on all post even if only to say i don't know..
Good Trading To All ; Ken Lee
  • #42
  • Jan 18, 2010 1:41pm Jan 18, 2010 1:41pm
Quoting AnonYmos
you mean post immediately after the trade is taken instead of waiting until situation has devlopped?
Yes exactly. Trading from the right side of the chart is very very different than looking at what has happened in retrospect. What where you thinking when you took the trade, why did you take the trade, etc.

I am not saying anyone should be making live calls, that does not benefit anyone really and anyone that follows someone else's live call without their own analysis deserves what they get.
  • #43
  • Jan 18, 2010 2:17pm Jan 18, 2010 2:17pm
Quoting endroute
Yes exactly. Trading from the right side of the chart is very very different than looking at what has happened in retrospect. What where you thinking when you took the trade, why did you take the trade, etc.

I am not saying anyone should be making live calls, that does not benefit anyone really and anyone that follows someone else's live call without their own analysis deserves what they get.
Absolutely agree with you. I think hindsight analysis has its merits. You get an idea of what to look for and its more in-dpeth. But then transferrring that to a real time situation is quite difficult. You got to see and react quickly and the situation may unfold in a million ways which again require reaction. Wouldn't worry about ppl who try follow live calls. they're completely up the wrong track. Just gives you a better feel for right trading when you can see how the trade unfolds at least close to real time.
  • #44
  • Jan 18, 2010 3:22pm Jan 18, 2010 3:22pm
Quoting AnonYmos
Absolutely agree with you. I think hindsight analysis has its merits. You get an idea of what to look for and its more in-dpeth. But then transferrring that to a real time situation is quite difficult. You got to see and react quickly and the situation may unfold in a million ways which again require reaction. Wouldn't worry about ppl who try follow live calls. they're completely up the wrong track. Just gives you a better feel for right trading when you can see how the trade unfolds at least close to real time.
You are correct. Try to remember that PA works in patterns that repeat over and over again. So by looking at the past, we learn to better identify these patterns (setups) by eye so we can see them as they develop in the future. The "difficulty" you mention is really just developing the confidence in knowing what you're seeing. I don't know about you but, I can't tell you how many times I said.."It's gonna do this"...and not take the trade only to see it do just what I thought it would...LOL. This only comes with time and practice.

And yes, anyone looking for calls is NOT interested in actually "learning to trade"...
Ghost Rider - WWTBMD?
  • #45
  • Jan 18, 2010 3:26pm Jan 18, 2010 3:26pm
Looking forward to following your thread Ken. It's nice to start fresh and not have to decipher through a bunch of irrelevant posts. Have you ever thought of creating a chat room for live discussions? I've been to some live rooms before that are free of charge to create. I'm not sure if anyone is interested in that? I could always create a room if that is the case. If not i'll be following here daily. Hope all is well.
  • #46
  • Jan 18, 2010 3:46pm Jan 18, 2010 3:46pm
Quoting gilly
Looking forward to following your thread Ken. It's nice to start fresh and not have to decipher through a bunch of irrelevant posts. Have you ever thought of creating a chat room for live discussions? I've been to some live rooms before that are free of charge to create. I'm not sure if anyone is interested in that? I could always create a room if that is the case. If not i'll be following here daily. Hope all is well.
I have a live chat room now that I am the administrator of and would be glad for anyone that would like to join it to jump in and share.It really is nice to be able to trade and talk while it developes.It is just me anda few of my friends but we all use this same method so if you are interested just let me know.
Please ask questions and share your experiences with us all!
  • #47
  • Jan 18, 2010 4:55pm Jan 18, 2010 4:55pm
Ken,
Thanks for sharing your insites.
  • #48
  • Edited 5:49pm Jan 18, 2010 5:39pm | Edited 5:49pm
Just took it in EU with long wick. ( + divergence )

edit : remove half in +6 set hard sl ( +6 up ), set TP at area major MA and go to bed - im so tired.
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  • #49
  • Edited 6:27pm Jan 18, 2010 6:01pm | Edited 6:27pm
DBLHC /Engulfing on 1 hr E/J plus a Hammer on 4 Hr. E/J I will look for a small retrace then a entry. But could just conitnue up from here.

Time Asia open 7:00 eastern U.S. Midnight UK

Will watch 15 Min for a entry now.

Not looking well but still waiting for a entry.
Good Trading To All ; Ken Lee
  • #50
  • Jan 18, 2010 6:21pm Jan 18, 2010 6:21pm
I had identified the area at 130.65 as a s/r a and sure enough it turned right there, of course I missed the trade because I was surfing the next and not paying attention.
  • #51
  • Jan 18, 2010 6:39pm Jan 18, 2010 6:39pm
Quoting KENNETH lEE
DBLHC /Engulfing on 1 hr E/J plus a Hammer on 4 Hr. E/J I will look for a small retrace then a entry. But could just conitnue up from here.

Time Asia open 7:00 eastern U.S. Midnight UK

Will watch 15 Min for a entry now.

Not looking well but still waiting for a entry.

Like to see this 15 Min close as a Hammer with a green body.

But the lows on the higher signals were breeched but no close below yet so trade still on.
But will watch close if entered as it may try lower.
Good Trading To All ; Ken Lee
  • #52
  • Jan 18, 2010 6:48pm Jan 18, 2010 6:48pm
Spinning top risky. But green bodied.
Good Trading To All ; Ken Lee
  • #53
  • Jan 18, 2010 6:57pm Jan 18, 2010 6:57pm
Quoting KENNETH lEE
Spinning top risky. But green bodied.

Took some off at the top of the last swing to cover but stop is same below the wick plus 5
Good Trading To All ; Ken Lee
  • #54
  • Jan 18, 2010 8:38pm Jan 18, 2010 8:38pm
oh well glad I covered looks like the stop is in danger.

Next seat please..
Good Trading To All ; Ken Lee
  • #55
  • Jan 19, 2010 12:03am Jan 19, 2010 12:03am
Hi Ken,
Did u short on GU 1.6415 area after the DBHLC on 1 hr ? Was this a correct area for a short ?
  • #56
  • Edited 4:04am Jan 19, 2010 3:17am | Edited 4:04am
Nice combination of 35/50 cross along with 4H support line ( previous daily high ). Did someone take it ?
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  • #57
  • Jan 19, 2010 3:17am Jan 19, 2010 3:17am
HI KEn ,

Could you explain me whats a PIN bar ?How do u trade it IN higher TFs? Below i have posted some charts ,which I have marked my understanding of PIN bars and DBHLC . Please tell whether its correct. Thanks
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  • #58
  • Jan 19, 2010 3:19am Jan 19, 2010 3:19am
DBHLC?
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  • #59
  • Jan 19, 2010 3:37am Jan 19, 2010 3:37am
Hi, Ken and all my friends
Recently I started to use this methodolegy, I like it, and I know I am making progress with Ken's kindly explaination. But I still can not make profit continusly, last 3 weeks, my gain was equal to my loss. I guess the reason is that I still have not grasped this methodolegy. The following are some prolems that I am facing.
1) Do not know how to read HTF chart, and do not know how to link HTF and 15M chart.
A) Do not have guidline on how to read HTF chart, Do not know what to see.
B) Most of the time, I find HTF is confict with what I am trading on 15M or 1h.eg: Long from 15m base on 15m35/50ma, but 1h chart showing down trend, and 4h chart is a shooting star or DBHCL.
2) Sometime when opportunity came, I hesitated, sometimes when I entered, I found there was better opportunity behind. It becomes after I enter the price went against me, and I started to fight to close without loss.

I know the main reason is that I do not have enough basic knowledge, and I know ater I follow this thread I will get all those skills. Because we have Ken here.
Dancing with Candlesticks
  • #60
  • Jan 19, 2010 3:41am Jan 19, 2010 3:41am
Quoting kodziro
Nice combination of 35/50 cross along with 4H support line. Did someone take it ?
I did not, one reason is I have other trading atm.
Thanks for sharing, I leran this and will apply in the future.
Did you see the shooting star and the bearish candle in 1h chart? how did think that?
Dancing with Candlesticks
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