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Ken's Continuing Successes with EO's system

  • #101
  • Jan 20, 2010 8:34am Jan 20, 2010 8:34am
Quoting MCFly
I'm long G/U aiming for the right shoulder of a 4 hr H&S pattern

yep right shoulder should be around 1.6350 area
Good Trading To All ; Ken Lee
  • #102
  • Jan 20, 2010 8:38am Jan 20, 2010 8:38am
Quoting KENNETH lEE
yep right shoulder should be around 1.6350 area
exactly
  • #103
  • Jan 20, 2010 8:46am Jan 20, 2010 8:46am
I din't take that long when it broke the line because the next candle pulled back so far and now the 15 has printed a hangman.
Good Trading To All ; Ken Lee
  • #104
  • Jan 20, 2010 8:55am Jan 20, 2010 8:55am
may have been a bad choice

Yep next seat please...
Good Trading To All ; Ken Lee
  • #105
  • Jan 20, 2010 9:15am Jan 20, 2010 9:15am
If we get a close above yesterdays low we can then look for a it to break the previous swing right where the 62 ema line is. To say a reversal has started we have to make higher highs.
Good Trading To All ; Ken Lee
  • #106
  • Jan 20, 2010 9:45am Jan 20, 2010 9:45am
I didn't liked the PA at 6300 and I closed my position. I didn't reversed the position and now I'm looking for a new entry.
  • #107
  • Jan 20, 2010 9:47am Jan 20, 2010 9:47am
Quoting KENNETH lEE
Inverted Hammer On the 4 HR a couple on the 15 Min but 1 Hr not so good. We seem to be building a floor here through PA and PPA. I will wait for some confirmation before trying a long. Trying to turn price to soon is one of the most common ways to lose big.
Just like to use Ken's post as oppurtunity to point out something that can immensely confuse all of us here. Attached pls find my 4h chart. No inverted hammer recently, right. Now this chart is set to CET with the 1st bar beginning at midnite (light blue vertical line if visible for you). As far as I know Ken is trading in EST which I think is 9 hours behind CET and his post came in at 2:28 pm CET. Guess you follow me. Actually we would have to synchronize our charts to really communicate and cooperate smoothly. Any comments / proposals?
Attached Image (click to enlarge)
Click to Enlarge Name: eo 4h .gif Size: 48 KB
  • #108
  • Jan 20, 2010 9:55am Jan 20, 2010 9:55am
Quoting AnonYmos
Just like to use Ken's post as oppurtunity to point out something that can immensely confuse all of us here. Attached pls find my 4h chart. No inverted hammer recently, right. Now this chart is set to CET with the 1st bar beginning at midnite (light blue vertical line if visible for you). As far as I know Ken is trading in EST which I think is 9 hours behind CET and his post came in at 2:28 pm CET. Guess you follow me. Actually we would have to synchronize our charts to really communicate and cooperate smoothly. Any comments / proposals?

yes that is a issue I have tried changing mine but no options . It is set to GMT time. So depending on daylight savings time I am right on or a hour off. I can change my time on the charts but they still close on GMT time.
Good Trading To All ; Ken Lee
  • #109
  • Jan 20, 2010 9:57am Jan 20, 2010 9:57am
Quoting KENNETH lEE
yes that is a issue I have tried changing mine but no options . It is set to GMT time. So depending on daylight savings time I am right on or a hour off. I can change my time on the charts but they still close on GMT time.
Okay. Good to know. I'll see what I can do with mine. Pretty busy with other stuff atm. Thanks, mate.
  • #110
  • Jan 20, 2010 10:47am Jan 20, 2010 10:47am
Hi Ken could you give me some advice how to post a chart
I also trade with gft
If I right click on my gft chart and click copy chart nothing seems to happen,


gft tell me to copy it to paint,I have tried to put it into paint then when I try to up load it to the thread it says my file is to big, is there an easy way?
  • #111
  • Jan 20, 2010 10:57am Jan 20, 2010 10:57am
Quoting logic38
Hi Ken could you give me some advice how to post a chart
I also trade with gft
If I right click on my gft chart and click copy chart nothing seems to happen,


gft tell me to copy it to paint,I have tried to put it into paint then when I try to up load it to the thread it says my file is to big, is there an easy way?

Yeah the size problem is when you save it change the file type to a JPG. paint automaticly selects Bit maps which are huge files.

Yeah the copy function on GFT is to copy your setup chart then youcna easly make more charts then just change the currencies. makes build charts quicklly.

If this isn't enough info let me know.

also you can crop your chart to make the size smaller ,, I use 3 screens I ahve to crop the one chart I want or the JPG showa all three screens.
Good Trading To All ; Ken Lee
  • #112
  • Jan 20, 2010 11:05am Jan 20, 2010 11:05am
Thanks ken !!
  • #113
  • Jan 20, 2010 11:10am Jan 20, 2010 11:10am
How I post charts..

First prepare your chart Like you want it.

I can put text on my charts off my platform but find using the text option from paint easier. But trend lines and markers are mainlly off my platform.

Then hold your Ctrl or Func key and press PrtSc. This loads your screen shot into your mouse. If you have mulitple screens it loads all them. The curser has to be on the main screen though.

Then open paint and paste.

Then the top right tool is the crop tool. But a box around what you want to post. Then right click and copy. This loads just that secction in your mouse.

Then open new paint file. Paste the copied chart.

Make any improvements using the paint tools.

When using the text, there is a option for it to be a chalkboard or transparent. To change it is at the bottom of the tool box.

Also for the circle tool and other to change the thickenes of the lines. Click on the line tool and choose a thickness this will carry over to the circle or square tool.

The all you have to do is us go to file save as.

I have folders to save just quick post verse something I may post againa and agian.

Before posting on the save as window lower tabe. select either gif or jpg as they are the smaller files. I use jpg's.

When you won't to post there is a attachment button on the posting screen . Clicking it opens a browser function. Just locate your chart double click . Then upload..

Hope to see more charts now.... LOL Ken
Good Trading To All ; Ken Lee
  • #114
  • Jan 20, 2010 11:32am Jan 20, 2010 11:32am
Thanks again for your explanation ken!
when the moment arises I will try to post a chart.

  • #115
  • Jan 20, 2010 11:34am Jan 20, 2010 11:34am
Quoting logic38
Thanks again for your explanation ken!
when the moment arises I will try to post a chart.


No rush just wrote it up so I have it handy if anyone else ever asks.

Trading kinda slow right now ..anyway.
Good Trading To All ; Ken Lee
  • #116
  • Jan 20, 2010 11:52am Jan 20, 2010 11:52am
Pretty much just interested in shorts if it ever pulls back up any. That 1.6300 area was a nice failure and would have made a decent short. Everything takes longer when it is slow so if you get into anything this time of day. Patience is key. Not just our entry but allowing it to play out. Can take a long time.
Good Trading To All ; Ken Lee
  • #117
  • Jan 20, 2010 12:48pm Jan 20, 2010 12:48pm
Hi Ken see if this works?? this is a chart of the temptress I pulled a fib on it
almost to the pip its gone down to the 61.8 level would you expect a bounce from that point?
Attached Image (click to enlarge)
Click to Enlarge Name: temptress.JPG Size: 100 KB
  • #118
  • Jan 20, 2010 1:15pm Jan 20, 2010 1:15pm
I'm not expert on fibs, but that looks to be the wrong way round. It is touching the 38.2% retrace of the up move, if I'm wrong I'm sure someone will correct me.
  • #119
  • Jan 20, 2010 1:25pm Jan 20, 2010 1:25pm
Yep upside down.. The value is how far it retraces. from 0% to a full retrace of 100% The best for trading are the 50 and 61 levels. But we don't really us fibs here ohter than maybe a confirmation of a 35/50 or 62 1 hr trade positioning
Good Trading To All ; Ken Lee
  • #120
  • Jan 20, 2010 1:35pm Jan 20, 2010 1:35pm
When I said expect

I meant trade maybe a bounce off price action
TRADE WHAT YOU SEE

with the fib I notice if you pull it top to bottom or bottom to top the 61.8
and the 38.2 are in the same place so maybe it does not matter please correct me if I am wrong
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