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Ken's Continuing Successes with EO's system

  • #361
  • Feb 28, 2010 11:33am Feb 28, 2010 11:33am
Quoting Turtle
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.

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

HOLLA
Yes 100% agree That is the first thing I saw about EO's system was that each trade flowed right into the next. So to close we should be looking for the next entry as well as when to close. Thanks for the input.. Glad school is going well . Maybe be your best investment ever made.

Thanks for the PDF also.. Ken
Good Trading To All ; Ken Lee
  • #362
  • Feb 28, 2010 11:45am Feb 28, 2010 11:45am
Now the main goal of most of us is the following how to stay in those big trades. It is no different than the scalping trades we are looking for the same things. The price needs to make new swings low or high depending on the trade.

When it starts to consolidate keep your Price Action in your mind as this shows you if it is really turning or just going sideways for a bit. If your in a good run. (lots of pips) look for a turning signal with confirmation on your higher charts. When we get a bigger account and feel less needy we can even look up to the 4 hr then daily to really get those massive moves annd be in a positive trade for weeks or months if we want to.

Any Comments or questions ? Ken
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: Profit taking trending 1 hr.jpg Size: 227 KB
Good Trading To All ; Ken Lee
  • #363
  • Feb 28, 2010 6:37pm Feb 28, 2010 6:37pm
Quoting KENNETH lEE
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
Ken, I'm looking forward to your new abridged Trade What You See document. This is one thing I need to learn: How does each MA on each timeframe chart relate to a trade? When people refer to the 35/50, does that mean looking at the 35sma and the 50ema as a combined unit? If that's the case, what are we looking for? I just don't know how to read the MA's.
  • #364
  • Mar 2, 2010 12:51am Mar 2, 2010 12:51am
Quoting mary4x
Ken, I'm looking forward to your new abridged Trade What You See document. This is one thing I need to learn: How does each MA on each timeframe chart relate to a trade? When people refer to the 35/50, does that mean looking at the 35sma and the 50ema as a combined unit? If that's the case, what are we looking for? I just don't know how to read the MA's.
Hi, Mary4x.
this system takes ma as support or resistence (S/R), So in 15m, when price reaches 35sma or 50ema, normally the price will reverse back, the price will change direction. so we enter a trade to the direction where the price comes from. Not everytime it will be a sucessful trade, sometimes the price may break through this S/R and continue.
Why need one candle to cross both 35sma and 50ema in 15m, I think it is to increase the sucess percentage because we have 2 S/R (35sma and 50ema)at the same time.
KEN, if I am not right, please correct for me.
All the answer is in KEN's PDF, you need to read and re-read.
Dancing with Candlesticks
  • #365
  • Mar 3, 2010 10:08am Mar 3, 2010 10:08am
Thanks for the help, IForex. I'll go back to the pdf.
  • #366
  • Mar 3, 2010 12:37pm Mar 3, 2010 12:37pm
Quoting mary4x
Thanks for the help, IForex. I'll go back to the pdf.

Haven't forgotten about you or your question just fomulatung a response that may clarify the issue . Your not the only person that has difficulty with those ideas.

Iforex is correct in his comments also. But maybe we can go further in depth with it.

Probablly over the weekend when I am not trading.Still having ram issues and it takes to long to post charts . Have to shut down my trading platform .. Not good when i am trading.

But we will address this . Ken
Good Trading To All ; Ken Lee
  • #367
  • Mar 3, 2010 2:20pm Mar 3, 2010 2:20pm
I like the name change, Ken. Very upbeat.
  • #368
  • Mar 3, 2010 3:09pm Mar 3, 2010 3:09pm
Quoting mary4x
I like the name change, Ken. Very upbeat.
Yes I really Hadn't thought about it . then Turtle and I were chating and he mentioned it. Was a bit off target much better now.. Had to get twee to do it, corrected my name as well. To perfect for me though. LOL

Hope your doing well. Ken
Good Trading To All ; Ken Lee
  • #369
  • Mar 3, 2010 3:24pm Mar 3, 2010 3:24pm
Quoting Kenneth Lee
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
Hi Ken

Is this still in the works or did it get put on the back burners?

John
  • #370
  • Mar 3, 2010 3:59pm Mar 3, 2010 3:59pm
Quoting jcgibson
Hi Ken

Is this still in the works or did it get put on the back burners?

John

No still working on it. But got sidetracked. Want no more than 3 pages with a few diagrams or jpgs to clarify important points. Will not have the entry signals. But will be basic price Action Trading. Whcih is the basis for all we do.

It will get done. Ken
Good Trading To All ; Ken Lee
  • #371
  • Mar 4, 2010 11:28am Mar 4, 2010 11:28am
LOVE THE NEW NAME OF THE THREAD!!!!!


HOLLA


Quoting Kenneth Lee
Yes I really Hadn't thought about it . then Turtle and I were chating and he mentioned it. Was a bit off target much better now.. Had to get twee to do it, corrected my name as well. To perfect for me though. LOL

Hope your doing well. Ken
  • #372
  • Mar 4, 2010 5:02pm Mar 4, 2010 5:02pm
After a day of not the best kind of trading. I went back and read this pdf. I guess I had never gotten to the end of it. Only 100 pages a very good read with actual ways to make the law of atraction a part of our daily lives . I will let you know if it works. I will give it a fair months tryout and see if i can tame some of my demons. LOL

Happy Trading To All Ken

PS. I have used this stuf in other aspects of my life with some measurable results. But not doing so well with my trading . Will try some of these ideas.

Turtle posted this PDF the other day . I already had it in my files. But it is well worth reading. If your interested in any of the law of attraction stuff.

Thanks Turtle.
Attached File(s)
File Type: pdf Emotion_Free_Trading_Book.pdf   484 KB | 590 downloads
Good Trading To All ; Ken Lee
  • #373
  • Mar 6, 2010 12:43pm Mar 6, 2010 12:43pm
Here we can see that the MA'S don't always lead the way. There are traders that gump these trades but it is more based of the Price action than any MA's the 35/50 just happen to be near the middle . But I can't see any revelance to that . Not x many pips above or below. But once price action makes another middle the first time we do get some help from the MA's at area A. But you would still need to watch PA and a entry unfold as it could have continued down to make yet another bottom.

Concentrate on seeing price action first then you will see that the MA's just lend some Confirmation to your trades helping you make the correct choices. Everything in trading is just to help get a slight edge in making a choice. We don't use indicators to tell us when to jump in.
Attached Image(s) (click to enlarge)
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Good Trading To All ; Ken Lee
  • #374
  • Mar 6, 2010 12:46pm Mar 6, 2010 12:46pm
Plus in almost every example above there was a tradeable signal at each TOP. MIDDLE or BOTTOM. It is key to learn to see those first.
Good Trading To All ; Ken Lee
  • #375
  • Mar 6, 2010 12:47pm Mar 6, 2010 12:47pm
Quoting Kenneth Lee
After a day of not the best kind of trading. I went back and read this pdf. I guess I had never gotten to the end of it. Only 100 pages a very good read with actual ways to make the law of atraction a part of our daily lives . I will let you know if it works. I will give it a fair months tryout and see if i can tame some of my demons. LOL

Happy Trading To All Ken

PS. I have used this stuf in other aspects of my life with some measurable results. But not doing so well with my trading . Will try some of these ideas.

Turtle posted this PDF the...
Nice! Thanks for posting that, Ken and also Turtle! You have me grinning today!
I dream, therefore I become.
  • #376
  • Edited 4:30pm Mar 6, 2010 3:57pm | Edited 4:30pm
This is in the pdf may help to remind us of which trades to look for.

The one o'clock and 5 o'clock trades are labeled backwards.
Attached Image (click to enlarge)
Click to Enlarge Name: 26 trade reference sheet.jpg Size: 78 KB
Good Trading To All ; Ken Lee
  • #377
  • Mar 6, 2010 10:29pm Mar 6, 2010 10:29pm
Quoting mike w
Nice! Thanks for posting that, Ken and also Turtle! You have me grinning today!
No problem Mike, love the tag line.

HOLLA
  • #378
  • Mar 7, 2010 2:56pm Mar 7, 2010 2:56pm
Well here it is a smaller document showing the basics of the system. ended up being 7 pages oh well..
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Good Trading To All ; Ken Lee
  • #379
  • Mar 9, 2010 10:06pm Mar 9, 2010 10:06pm
Hi Ken and everyone,

It is great to see you putting efford into helping people again, especially continuing EO's system which I tried to follow and learn in the past year. I like your flashcards and documents that you must spending lots of time to compile, thank you for the hard working that you give away.

Cheers,
Many happy pips returned ...
  • #380
  • Mar 10, 2010 8:50am Mar 10, 2010 8:50am
Thanks, Ken! Would you mind putting it in a pdf or Word so it can be copied and printed?
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