Ken's Continuing Successes with EO's system

So lets continue our talk on the Law of Attraction. Do we believe in this mumbo jumbo? It is strange but if you talk of subjects like this outside of certain fields you are looked upon as a bit crazy. But in other fields ones a large group of people support the use of this as normal as any other tool.

In the sports field athletes are always told to see the ball go through the net or in the hole, see ourselves winning the game. Then you yet have to do it but see yourself at the finish line first then run the race or fight the battle. Why do we think this information is of no value in other areas of life.

If you have had the chance to read any of the books in this field by other Business people you will find that one of the first actions is not a plan but to see the completed product or success of a venture and then keep that end result in your mind at all times. This way we have a visual goal in mind. Then all that is required is to fill in the blanks in between the start and finish.

We have already accomplished two goals we know where we started and where we want to end. So always focus on the end results the wining trade or higher balance. The hardest part is having the feeling of already having won or having a greater balance . This is why I have suggested in the last post to try and capture the feelings in conjunction with a big win or winning streak.

What I find not so strange is how easy people can take the opposite side of this idea so easy. When your having a few losses in a row all the groups will say take some time off get your head right. Then why are we not attempting at least to approach this from the other direction. Instead of controlling Fear or regret of losing. Let us instead increase the feelings of succeeding and achieving our goals.

Try to start using this positive thinking in your live in minor ways to gain the believe that is a worthwhile exercise. Think the meeting will go well, That something you are regretting will turnout well. Just focus and go over it in your mind and believe that it is so. You maybe surprised how easy this is.

We have all been told to have a positive attitude this is nothing else Just a little higher level. You know it works if you examine your live at all we have all had those runs of good breaks or winning streaks where it all seemed so easy and fun. If you can learn to maintain those Feelings along with your goals you will master this .

Great Trading This Week Ken

I found a very interesting thing. After leraning this stategy, I start (or am starting) enter trate by Trade What I See, But after that I start to Expect.

(1) expect 1h or 4h to have a support candlestick,
(2) even the 1h or 4h candlestick is against my trading I will expect this time the candlestick PA will not work.
(3) This time the 1h62ema or 15m35/50mas will not work, becaus if it works it will against my trading.
(4) Expect that this time I may get 100 pips

I think I need to change my mindset, if I see any PA against my trading, I will close my trade, Do Not Expect !

Yes staying in a trade is as important or even more so than getting the best entry. If you can hold a good trade you can make more then if you get every entry the best. the great trades have more than one entry and the amount of the moves is so great that a loss of a few pips on a entry is nothing. But to close a 100 pip or more trade for hardly any is hard to take sometimes.

That is what I struggle with the most myself. I get the great entries only to close to soon . or stay in a questionable trade only to close it when it finally goes green out of of nothing more than aggravation.

It is more important to start reading the charts after the entry once we are in that way we can see the areas to manage the trade or close it. If we don't get it right all the time know problem we will learn as we go. But to keep closing to soon by just not looking is unacceptable.

It is just as much a part of trading as the entries even more so. You need to come up with a rule or two of what you think is a reason to close or take some profits. EO lets most his positions run to the next area of concern Normally a S/R line if it is moving away from the MA's if it has turned back he will take profit at the major MA's and sometimes the Minor ones depending on the time of day. But price can turn around at the Major MA's like the 35/50 or 62 ema trades.

If it is moving away from the MA's watch the minor ones the 5 and 10 ema if price doesn't close the other side then it is safe to stay in the trade once the line and the price get close and it closes the other side it is the first sign of a change. Then you can use Price Action to see it turn.

GBP/USD went 120 pips after it broke the 35/50 area before it closed above the 5 ema even then you could have held for over 1 hour and got the same exit with full pips. when it started to consolidate sideways.

eur/jpy went 300 pips before closing above the 10 ema.

Once the price closes above the minor MA's then draw a horizontal line so you can see if it is trying to reverse. Price when it consolidates can and does continue in the same direction most times . Unless your at a good level then Price Action should start to show the reversal.

You can learn to spot a good trend when price is really moving the MA;'s will start to spread apart and they must come back together and close in on the price before it can reverse. So we should learn to be a little bit less fearful of giving away gains.

We normally give more away closing to soon than we ever will by waiting for the right sign. Now that doesn't meant hold every trade. It will become apparent which ones are good candidates.

Even if your not in a trade start looking at them as if your in them and say this is going to be the spot to get out or take some profit. This is the area to ad on some more. We can learn to do this without risking any money.

Then when your in the trade you have had lots of experience closing them better.

I did trade G/U, I shorted from 1.5564, but unfortunitely I closed at 1.5535. Why? Becacuse I thought price would bounce off the 21ema.

Yes that is a resonable choice but if you look at the following chart . Showing the 1 and 4 Hour charts . This is how they looked at the point you exiited . We are always looking for all the charts to agree and they did . But we don't listen at times . But it will come. Plus you made Gains that is the main thing but keep looking and we can do better .

Good Trading Ken

[quote=KENNETH lEE;3372682]I will strive to continue in a fashion living up to the standards of the original thread. But I don't have the skill that those making the most $$ on that thread do. What I do offer is the time and the ability to provide answers to those having trouble seeing something. As I did on that thread the reasoning behind this is to help me see as well as show others


Hi Kenneth, thanks for your time and I have subscribe to your thread. Let me take some time to digest the manual and forum. I will come back to you once I finish. Thanks

Hi Ken

Just checking in to let you know I really appreciate your effort here.
I have read everything from post one to here.

Some of it is starting to sink in.

Until I found this thread I never had a profitable week.

I started with this method and I am profitable for the 3rd week in a row.

Not big profits but I have profits so I know I can do it.

I need to go back and study from the start of the thread until I can see the PA as it happens.

I have read too many other methods and get confused and don't take the trade when I see it.

Thanks again I Keep up the good work..

John

Thanks For the input. I am working on a smaller Document to help keep us on track during our trading day. Kind of a cheat sheet to remind us of the important details.

Short enough to look over when we need a reality check.

Maybe by this weekend.

Ken

Found a link to the What the %#4@ movie.

http://video.google.com/videoplay?do...06927936421876#

Why is it that we can have a plan we can place our stop and enter our trades. Knowing full well that we are risking a certain amount of money on this and every trade. Each trade the risk may be different but we have accepted that risk and no it can and at times will go against us.

So why is it once we start getting into profits on that trade we become emotionally attached to our gains. We see a small gain and then if it turns against us we are quick to jump out taking a small portion of what was or could have been a very large gain. Sometimes one trade can be equal to a whole weeks normal gains for some.

this is what I plan to address in the coming text I am working on. How we can use some of the same information that we use to take trades to help us to hold those trades for Longer gains. But also what to watch for so we can also not give back gains we could lose by holding to long.

We will look at areas where we can take some or all of our gains because the price action will allow us to re-enter with a very small loss or at times non at all.

You have to understand as our accounts grow and the traders emotions change from a feeling of need to make gains to a knowing that we will. That a lot of this information may become pointless. It is the reason some trades can open a position and leave it open until the next level allowing it to swing wildly in the process. They have lost the feeling of need and now are just waiting for the next big trade.

But the best of the best will also see when the runs have ended and take their gains and switch from long term trades to smaller trades taking the gains at each turn . To learn to see these different trades available then to take the trades with no biases grabbing th gains presented each time.

When you can get into the market feeling the movements of the price Action it as much fun as any recreation activity can be. We have all been in those trades where we have gains but hold for more to only see them vanish but never so bad we get stopped or close . Only for it to come back into profit sometimes that can happen many times until it breaks one way or the other. But you add up all the possible gains and can see the combined total was a pretty good amount.

We will mainly be focusing on letting big trades run , But the information will also show us what to watch for and can allow us to scalp when needed .

If anyone has ideas to share of how they get all the gains offered. Please feel free to share .

Hope Everyone Has A Great Weekend. Ken

Hi,
one of the trade I did last friday.

Hey Ken, just wanted to say great job on your thread.

Wishing you success for many years to come.

HOLLA

Nice trade good eye , levels were right on.. But that stop is way to much. I would have looked at 121.20 or 121.25 right above the entry candles. If it stops you can re enter. Just my view 15 or 20 is pretty much my max stop. Even less if I can get a good entry.

But good Trade ....

Thanks for stopping by. Hope school is going well. Spring Break is coming up time to party..

It is coming together piece by piece. Been looking at other aspects that may have a effect. As you may can tell by latest post on Attraction. May be losing readers with those. But I have been able to do some cross refrencing the information I have on it. With some good conclusions. I will be wrapping that up with my next post.

Maybe something that could interest you being in school last 2 pages or so.

Take care Good Luck with Life and stop by anytime. Ken

Bare with me I promise this is my last post on the law of attraction stuff. I just want to write it down to put together all my views and what I have learned regarding it and how it can effect our trading.

First we all have heard of Positive thinking and how that is how we can proceed to change our lives. The problem with positive thinking is that what we can be really doing is giving strength to our problems. A lot depends on how you are going about solving your issues.

Make sure your focusing on just the results you want and not on changing the bad things. Like I can't lose anymore . Should be I know when to cut my non profitable trades and let the positive trades run. I can see the areas to get the best entries with the tightest stops.

I hope some of you watched the two movies I posted (The Secret and What The Bleep Do We Know) And then a reading of the Zurich Axioms.
It is funny how parts of all three finally helped me to actualy see a path to incorporating some of the ideas into daily life.

The Zurich axioms made refrence to how our society sees mental health today. That to be stress free,calm and sedate is the ultimate goal. In other words to be a animal just moving through our daily lives not questioninng or trying to improve ourselves.

Because this is what we need to do to keep the machine we call humanity running. We are more worried about our credit score than we are our childrens health and well being. But we as a small group are trying to break that hold on us by becoming one of the few that writes our own lifes. First by becoming finacially independent.

Do we really think that goverments and large corporations don't know how to direct people by feeding their fears and anxities. There is a multibillion industry called advertising that does nothing more but try and figure out how to get us to buy x brand instead of y brand. Do lawyers not learn to read a jury and feed them just enough information to make them think they have made a just choice.

We all know a person or persons that have certain buttons that can be pushed to set them off. Some people learn to look for those buttons and use them to their advantage. Salesmen feed us what we want to hear how great we look in that car more girls. Be cool. So we buy what we can't afford if we have a good credit score. LOL

In the secret To make the law of attraction really work. They say we need to have feelings regarding what we want to attract. In What The Bleep. We are shown that peptides are produced to control our feelings. They are also the same things responseable for addictions. they create the feelings we require and since we can't be denied whatever we need will happen to fullfill those addictions.

If you need anger it will happen. If you need to be abused it will happen. and If you need to lose that to will happen. The more we believe these things may happen or can happen. The stronger those connections grow.
But they can be altered.

Let us look at this for a moment. In The Secret. The feelings were the gauge we can use to see if we are on the right track or not. If your feeling good keep doing that. In what the bleep those feelings are in response to our peptide production based on our thoughts. So if we can shift our thoughts to produce the positive feelings. they can become the dominant connections searching for more reasons to feel good.

If you can ever have just one instance of realizing that you actually shifted a pattern you may have had in your life for a while or always. This can be transforming. To not have to ever argue again or worry about anything. That you know that everyday is going to be great.

Example: You have a arguement with a guy all the time, everytime you get together you fight about something. Maybe the next time you see this person the thought crosses your mind that you could be drawing the arguements into your life and because you needed it to be true it is happening. Then you could start thinking when I see this person we will have a pleasant conversation. If you can pull that off once.

The hard part for me has been the intent. I know what I want I can even see myself where I would like to be . But having that feeling that it is already here has escaped me.

I happened to flip what the bleep over for the first time last week. There was interviews of some of the cast and the producers. Which most of have known about this stuff for years. In the movie one person mentions more than once that he creates his day everyday. He also puts a thought in there that he would like to see something happen to prove to himself that he did create his day.

Some one asked the question how to do this. That like me they could write things down and try to focus but with limited results. It is trying to get the brain to believe us that is hard.

Anyway he stated the best time to effect your own life was when waking. before you have time to remember your troubles even before you may rememebr who or where your at. In that fuzzy state is the best time to implant a new idea. Then later after you get up and use the bathroom and do other daily things write it down and expand on it. But plant that seed while your brain is just starting to focus and before those connections go into automatic.

In Trading in the zone. They talk of the 21 creation . It is a known fact that if we do the same thing for 21 times it can become a habbit. So in that book he recomends placing trades exactlly the same for 21 times to break a bad habbit like stop running.

In Think and Grow Rich . They mention taking a portion of time everyday at the start of the day 30 Minutes or so to focus on the final goal or end product.

In all these examples they are showing us ways to train our minds to have prolonged thoughts of that achieved goal. In this way we will rewire our minds to create the connections we want.

Always think: I know the best entries I let winners run and non profitable trades are closed at the right spots. Trade Happy.

I hope everyone at least glances at some of this stuff. To think we have no control of our destinies is silly. Think again of those people you know that everything comes easy and the otherside that everything goes wrong. You have a choice and you can go from one to the other. I hope you all will.

All right I am done with this now. next post will be the new text. Ken

Sometimes the best we can get is scalping trades. But how to tell. If we aren't sure like friday we had come out of Londodn without much to show the way. It maybe prudent to take our gains as we see them and re-enter the trade if it shows to continue. This way we will assure ourselves of gains. If we can see the levels correctlly we can also create more gains withing the same trades. This is how we can make 150 pips out of a 100 pip move.

The main thing to watch for is our swings when we startb losing lower lows and lower highs we need to think profit taking. Playing the trades that align with the higher time frame trends can also have us in the right direction if the price decides to breakout.

You should also make notice of any importnat levels . If we are sitting right on a major S/R line the trend could reverse on us and send price backup to a decent retracement level at the least. Which would have to be located off the higher time frame charts.

But first you would see a higher high on this 15 min chart to concern us with that.

Next I will show what to watch for on longer trending trades.

Ken

spot on ken, love it

Hey Ken, I thought about this question your posted at the end.

What I have been doing lately is looking at lower time frames to tell me when the current move is slowing down or possibly setting up for a reversal.

It's almost like the same for entries in a sense. You look at your HTF and then scan down to LTF. Why not use that also to see when the move is slowing down to take profit or tighten your s/l.

I also take into account what time of the day it is. Because usually in the US afternoon session the market slows a bit. Then come pre-Asia you usually see a move to test that afternoon high/low. With this in mind we all know as EO states, you can re-enter.

Just me 2 pips....hope that helps a little.

HOLLA

Hey Ken, I have had both those movies since they came out, very good stuff.

This year I have been reviewing my goals daily and revising them monthly. I also have been doing my meditation, repeating affirmations and visualizing and setting Monthly, weekly and daily pip goals.

I have attached a PDF about Emotion Free trading, I picked it up somewhere and finally read it two weeks ago. That book hit the hammer right on the nail for me. It talks about everything you have been posting so I hope it helps someone.

School is going well, mid-terms next week. :0(

Can't wait until Spring break.

Trade well my friend.

HOLLA

Sorry, forgot to attach to previous post.

HOLLA