Ken's Continuing Successes with EO's system

Sorry don't have any software for that. Not even word. That is why it is always difficult. The wordpad is RTF and FF doesn't accept it. save as text and all the words turn to gipperess. I did break it up so it is on page size portions and should be able to print from paint.


Sorry ken

You could always download open office: http://www.openoffice.org/ which you can export as a word document or pdf and its free

Thanks I will look into that ...

Some possible trades on the GBP/USD today . Hope you got some ..

how was that last shooting star good for 25pips ken my brother?

I must be missing something... but thanks again for all your insight. So valuable

Hammer up to the shooting star ...

All the Pip counts were for longs on that side with the trend. The upper signals were to close or you could short but safer with the trend.

Minor error

Hi Ken, I've been lurking here for a while. This analysis is excellent, as usual. Thank you for your thoughts and inputs.Keep up the good work!

Wonderful charts, Ken. Worth a thousand words. Thanks.

Hi Ken,

Just want to confirm, if my thinking is right or if it was just coincidence.

I went long at 4960 (08:10 GMT) on a pullback this morning, when the 04:00 GMT candle (the one before the London opening) closed above the magenta PA line.

Is my thinking right?

Cheers

tdeu

Here is my take on it ... Ken

some old posts worth reviewing.

Here is a pdf where I had written a job description for our trading .

and a final page not in the pdf.

Hope everyone has a great weekend.

Don't forget to Party Ken

Already started......

Let Happy Hour begin........

HOLLA

Here are the two charts for the pdf by themselves easier to use.

I have been doing some study on self improvement as you know if you read this thread much. It is strange how you have read the same thing over and over from different sources but it just takes a while for you to get it.

I have heard again and again that you need to set a goal. daily weekly and greater. To know that your achieving what your after. I can only take at face value that these are successful traders making this recomandations as that is what they are writing. I realy hadn't thought about it to much till the other day. It accured to me that yes I can see where this can have a effect possiblly.

I don't know what other peoples goals are. But believe most would be happy with 10 or 20 precent a week. A solid 10 would be awesome as a starting point. So if you want 10% a week and you trade $1 per thousand in equity. You want 100 pips over 5 days or 20 pips a day. How can we not get that, would almost have to try to fail.

If you have a paper on your desk with a dollar amount of your goal at the top and then for every positive trade you subtract till you hit zero. You also add any negative or losing trades.

If you only want 20 pips a day you will start to really see how those bad trades are keeping you from your goals. A person just starting out trading needs to be profitable as this is something we can build on. But you can't build anything on losing trades.

So be realastic to yourself as to how much you should make on a daily basis and write it down. Then watch how your trading is effecting your ablitiy to obtain that goal. In the PDF stress free trading the best line to remmeber is . Acting in Your Own Best Interest

If your looking for 20 pips a day how can you achieve that taking 30 pip losses. Look for better entries. Also this doesn't mean you have to quit trading if you hit your goal. But if it is a true goal you wouldn't mind either . My plan is to start risking 1/2 once my goal is reached with a preset loss limit. If I hit that loss limit done for the day and it isn't very big . Basiclly one more trade at full value so I could maybe make 2 bad in a row.

I personally am looking for a bit over 20% a week. So my goal is 50 Pips.
As we all know that can be reached in a single trade on almost any day. Most of us can be up 30,40 or even 50 pips then give them all back. But once you start seeing this in black and white. I believe you will start to realize that just maybe you haven't been .Acting in Your Own Best Interest

This is just a starting point plus a way to help us to get consistent. I think alot of up and down trading is due to not having this goal. yes maybe once when we become expert and it is like breathing to us. But till then the idea is to be positive in our account. I would stick to my goal for at least a few weeks or a month at a time before raisine it,

What do you think ??? Ken

Hello.

At the end of the trading day what do you usually do with some positions still open, base on what you decide ? ( 1h/4h 10 SMA or what ? )

Cheers.

I don't really have a end of the day. But if I feel it will continue based of anything you mentioned. Would place my stop where I believe it wouldn't get hit on a retrace and place reasonable profit target. just a litle bit shy of where I think it will go. Hate it when it misses my TP by a few pips and then turns against me.