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Attachments: Ken's Continuing Successes with EO's system
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Ken's Continuing Successes with EO's system

  • #121
  • Jan 20, 2010 1:50pm Jan 20, 2010 1:50pm
nope can't be in the same place try it again. it does matter that drag the same point from top to bottom if you change the one your dragging then it will look the same
Good Trading To All ; Ken Lee
  • #122
  • Jan 20, 2010 3:22pm Jan 20, 2010 3:22pm
Here is something I wrote a while back but is a good overall view of what you should be looking at.

I add the extra chart so you could look at them and the pdf at the same time.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Chart A.JPG Size: 253 KB
Click to Enlarge Name: Chart B.JPG Size: 247 KB
Attached File(s)
File Type: pdf Forex%20Trader%20Job%20Description[1].pdf   562 KB | 569 downloads
Good Trading To All ; Ken Lee
  • #123
  • Jan 20, 2010 6:31pm Jan 20, 2010 6:31pm
Great pdf, Ken. I just finished reading it.

I've been feeling quite lost in all of this, not knowing where to start putting things together. The pdf is as clear and newbie-friendly as anything could be. Thanks again for your tireless efforts in our behalf.

Regards,

Mary
  • #124
  • Jan 21, 2010 1:39am Jan 21, 2010 1:39am
Just wanted to add a further note on the fib topic.

I read somewhere recently that cable tends to react best at the 38 and 50 levels, It cetainly seems to be doing so at the moment at 6244 which is the 38 level of the rise from 7th Jan to 19th Jan.

Good morning all btw
  • #125
  • Jan 21, 2010 2:40am Jan 21, 2010 2:40am
Sorry been having that ram issue was hard to print charts. here is that review od that pin from the other day.
Attached Image (click to enlarge)
Click to Enlarge Name: Misc gbp.JPG Size: 178 KB
Good Trading To All ; Ken Lee
  • #126
  • Jan 21, 2010 2:58am Jan 21, 2010 2:58am
And another trading zone was hit. using these along with your S/R areas Just gives us more places to watch for good entry spots. But remember we don't take the trades off these we watch PA start first then look for entries of the lower time frame charts. But at the end of the day you can already start to plan your next trading day.
Attached Image (click to enlarge)
Click to Enlarge Name: misc GBP Chart a.JPG Size: 179 KB
Good Trading To All ; Ken Lee
  • #127
  • Jan 21, 2010 3:15am Jan 21, 2010 3:15am
Great charts and info there Ken,do you know I have never ever done that on a daily candle,just goes to show eh !,there's always something else to learn.

I chickened out of taking this 50% fib trade at 6177 ,I hope I don't regret it,but most times when I stand in front of a freight train,I usually get crushed,so caution was the better part of valour this time for me hehe.
  • #128
  • Jan 21, 2010 3:17am Jan 21, 2010 3:17am
Quoting Deputy Dawg
Great charts and info there Ken,do you know I have never ever done that on a daily candle,just goes to show eh !,there's always something else to learn.

I chickened out of taking this 50% fib trade at 6177 ,I hope I don't regret it,but most times when I stand in front of a freight train,I usually get crushed,so caution was the better part of valour this time for me hehe.

Yes better to wait for PA then a signal on these kinda moves as they can run you down fast
Good Trading To All ; Ken Lee
  • #129
  • Jan 21, 2010 3:25am Jan 21, 2010 3:25am
Hello.

Today`s EJ setup 35/50 cross. If feel always confident when I got some PPA below 35/50 cross ( sometimes is 200 SMA/1H62EMA ). It define my entry after cross.
Attached Image (click to enlarge)
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  • #130
  • Jan 21, 2010 3:30am Jan 21, 2010 3:30am
Quoting kodziro
Hello.

Today`s EJ setup 35/50 cross. If feel always confident when I got some PPA below 35/50 cross ( sometimes is 200 SMA/1H62EMA ). It define my entry after cross.

Nice trade ..
Good Trading To All ; Ken Lee
  • #131
  • Jan 21, 2010 3:38am Jan 21, 2010 3:38am
There is something very obvious about the last day candles retrace up to 50% and a setup on this system to get that perfect entry we doubt others get can you see it what it was? Then ask why you didn't take it.
Good Trading To All ; Ken Lee
  • #132
  • Jan 21, 2010 4:03am Jan 21, 2010 4:03am
It was the 62 ema 1 Hr touch trade was the exact retracement point on that daily candle 50% level. And as I have said in the past if you miss those great entries you get a second chance. Well we did a couple of them . I will post up the chart in a bit .
Good Trading To All ; Ken Lee
  • #133
  • Jan 21, 2010 4:47am Jan 21, 2010 4:47am
The green arrow is pointing to the entry of the 62 ema trade. on all time frames. !5 Min 1 Hr and 4 Hr. It was the exact price on that daily at the 50% fib level in our zone of interest.
But say you weren't up or missed it for whatever reason.That green arrow on the 4 HR. is pointing to the second candle of a DBHLC .

The orange candle is the Pull back on that Signal then the entry. You might think that is risky but it is a entry off that 4 HR . your stop would be above the top of the last 4 HR. the 62 ema green arrow entry. About 20 pips. Or you could wait for the close of the next 15 min engulfing candle then enter but your stop would be about the same.


Well I missed that one too you say. That orange entry is the first candle of a DBHLC on the 1 HR. MY MY. this is to easy. Then the entry is the next candle pulled back just barelly. But on the 15 MIn it is a retest of yesterdays low and a 5:00 o'clock trade.
This how use our higher time frame charts for entry and how they give us confirmation of our lower entries.


If you had taken the trade off the 62 ema. a 60 pipper you would have covered well and taken plenty profit by the time you hit the 200 sma on the 1 hr. tghen could add back at the orange arrow. same when it broke the low you were covered and could add that back when it retested at the blue arrow.

The other day we had pin after pin to help with our trades today DBHLC on two time frames. We just need to see these as they are printing then look for the entries. When we use the signals on the higher time frame chart we also expect profit targets from those charts as well so we know they aren't scalps. So we will hold longer.

If you don't under stand ask. While this is a current chart..
Attached Image (click to enlarge)
Click to Enlarge Name: DBHLC trades.JPG Size: 279 KB
Good Trading To All ; Ken Lee
  • #134
  • Jan 21, 2010 5:00am Jan 21, 2010 5:00am
this all in the PDF as well. Just like school a little homework is required
Attached Image (click to enlarge)
Click to Enlarge Name: DBHLC.jpg Size: 150 KB
Good Trading To All ; Ken Lee
  • #135
  • Jan 21, 2010 5:07am Jan 21, 2010 5:07am
More good stuff,I LIKE IT HERE,keep up the good work Ken.
  • #136
  • Jan 21, 2010 6:08am Jan 21, 2010 6:08am
and agian .
Attached Image(s) (click to enlarge)
Click to Enlarge Name: misc GBP Chart a.JPG Size: 81 KB
Click to Enlarge Name: DBLHC.jpg Size: 144 KB
Good Trading To All ; Ken Lee
  • #137
  • Jan 21, 2010 6:12am Jan 21, 2010 6:12am
How 's this for a DLHC ( Two red arrowed candles) on the 15m,with entry somewhere down the wick on the next candle at 11.30 gmt (white arrowed candle),I hav'nt really bothered with these so far and have just ridden 1 or 5 o clock trades for what they've been worth,but thanks to your efforts i hope I am seeing things correctly regarding these types of entries too now
Attached Image (click to enlarge)
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  • #138
  • Jan 21, 2010 6:13am Jan 21, 2010 6:13am
But what is the difference ? This is off the 15 Minute chart. So it is our TP area is alos off the 15 .min So we watch the higher charts also becuase to get a DBLHC on the 1 hR or 4 HR you would first need ot get on here. But we are now counter to the trend so a scalp or retracement may be all that is available.

Plus if you were short now we see that we are getting closes above the minor MA's a sign of a turn and also to take more profit or close and get another entry. This small detials are the things we will continue to beat into our heads.
Good Trading To All ; Ken Lee
  • #139
  • Jan 21, 2010 6:15am Jan 21, 2010 6:15am
Quoting Deputy Dawg
How 's this for a DLHC ( Two red arrowed candles) on the 15m,with entry somewhere down the wick on the next candle at 11.30 gmt (white arrowed candle),I hav'nt really bothered with these so far and have just ridden 1 or 5 o clock trades for what they've been worth,but thanks to your efforts i hope I am seeing things correctly regarding these types of entries too now

Very good exact one I posted above yours One post LOL


PS you have your colors backwards on your post ..
Good Trading To All ; Ken Lee
  • #140
  • Jan 21, 2010 6:21am Jan 21, 2010 6:21am
Quoting KENNETH lEE
Very good exact one I posted above yours One post LOL


PS you have your colors backwards on your post ..
SSSsssHHHHhhhh !!!!! Yes I saw straight after i posted it,I was hoping no one would notice ha ha ha.
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