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Ken's Continuing Successes with EO's system

  • #441
  • Mar 23, 2010 3:00am Mar 23, 2010 3:00am
If your trading only allows some time in the evening. You may find that these trades can produce all you would ever need in a stress free way Most can only hope for.
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Good Trading To All ; Ken Lee
  • #442
  • Mar 23, 2010 3:03am Mar 23, 2010 3:03am
Nice trade and charts. Now we just need you to get up at 1AM to find those on the late Asian and London open!

Ive been a lurker on your thread, and learned quite a bit, thanks for the lessons so far, keep up the good work.
  • #443
  • Mar 23, 2010 3:20am Mar 23, 2010 3:20am
Quoting Chicopips
Nice trade and charts. Now we just need you to get up at 1AM to find those on the late Asian and London open!

Ive been a lurker on your thread, and learned quite a bit, thanks for the lessons so far, keep up the good work.

My goal is more to educate than make calls. I just show what the possiblities are and present them. I also try to stay simple. You will see that most of the best trades are the ones that require the least attention. Like those overnighters. Look at gbp now it is over 100 pips from that entry 10% gain on it's own. add the 90 pips fromE/J and almost 20 % with little of our input. Those are the holy grail trades we all search for.

Check your charts you will find they are common enough to provide all you would ever need. Just don't risk much and don't smoother them when adjusting the trade stop. But always lock some gains. To let great trades turn to junk by letting them come back against you is terrible. Always keep in mind what your personal goals are.

Trade happy Ken
Good Trading To All ; Ken Lee
  • #444
  • Mar 23, 2010 3:29am Mar 23, 2010 3:29am
I woke up too late for the perfect entry (in Singapore so the Asia open is a little early) but got in at 5075 on a MA retouch when I decided it looked to be trending. The hardest part for me is now, when the trade is slowing, but not reversing. I tend to sell way to early and miss the big moves, which I need to offset the occasional inexperienced trade. Decided to lock this one in at +30 and let it go, at least until the news in an hour or so, unless PA is clearly turning.
  • #445
  • Edited 4:01am Mar 23, 2010 3:49am | Edited 4:01am
Quoting Chicopips
I woke up too late for the perfect entry (in Singapore so the Asia open is a little early) but got in at 5075 on a MA retouch when I decided it looked to be trending. The hardest part for me is now, when the trade is slowing, but not reversing. I tend to sell way to early and miss the big moves, which I need to offset the occasional inexperienced trade. Decided to lock this one in at +30 and let it go, at least until the news in an hour or so, unless PA is clearly turning.

Yes that is a good way to deal with it.. Lock in what you would be happy taking then let it run. Then if it keeps moving try to move it up slowly.

Or if you have a goal in mind weekly or even daily. If you hit it take the gains, Then you can trade stress free becuase your goal has been made already. If you hit it on one pair and ar in two locking half your goal on both allowing them to have more space.

There are all kinds of ways to manage your trades but keeping greed and fear under control is key. Always know what you want and take it when presented. then if you get more fine.

You can even use two accounts one for your goal and other for everything after that. This way maybe you can control risk another way.

All depends on your style but there is never anything wrong about taking profits. It is the point. Some of us take gains to soon another reason the overnight trades can be good we aren't there to screw them up. LOL

Ken
Good Trading To All ; Ken Lee
  • #446
  • Mar 23, 2010 4:30am Mar 23, 2010 4:30am
Look at e/j Now. form +90 to +25 . This is why taking a glance at Franfurt open is critical and making adjustments. We all know that each session has the ability to turn the market. Plus the close of the previous session can have some profit taking.

Many , many reasons. Not even mentioing news in the middle of the night UK. So Take a bathroom breaak glance at your screen lock in some gains and sleep tight.

Another option is to set TP's at levels wyou would be happy with. But this kind of limits your profit potentials. But if it is within your target or goal. Why not.

PS the news just came out gbp may make up the difference. or not have to love the news ..
Good Trading To All ; Ken Lee
  • #447
  • Mar 23, 2010 4:55am Mar 23, 2010 4:55am
I went back and looked at last weeks overnight trades. The gbp did not have any I could spot. But it also didn't have any extreme levels at the correct time. Which would be what we are looking for a push past or to the high or low of the day. Then a entry signal. But e/j had a possibleity of 5 winners. The one possible loser could have been a BE or minor gain.
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Good Trading To All ; Ken Lee
  • #448
  • Mar 23, 2010 4:58am Mar 23, 2010 4:58am
I personaly favor e/j trades during Asia anyway. has the yen in the mix. Just makes sense to me.
Good Trading To All ; Ken Lee
  • #449
  • Mar 23, 2010 5:05am Mar 23, 2010 5:05am
Quoting Kenneth Lee
I personaly favor e/j trades during Asia anyway. has the yen in the mix. Just makes sense to me.
That sounds like a likely next currency to study once I am consistently profitable on cable. I have made a few pips on U/J, but the range is usually pretty tight except early Asian and after Europe opens. I have heard G/J is more volatile, so more opportunities to trade.
  • #450
  • Mar 23, 2010 5:24am Mar 23, 2010 5:24am
I trade only two pairs . GBP/USD and EUR/JPY . They don't have any common currencies and I like a yen pair for Asia. The spread is good and the movement is better than U/J . Loads trade GBP/JPY to go along with cable. At time I think I would prefer to just e/j as it flows pretty smooth most times .

Seems to trade well using the MA's .. Just my choice.. Most will tell you that one is enough and it is but some times like looking at the overnight trades above. A differnet pair is required.
Good Trading To All ; Ken Lee
  • #451
  • Mar 24, 2010 5:35pm Mar 24, 2010 5:35pm
Even on a sloppy day it isn't that hard to fnd trades.
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Good Trading To All ; Ken Lee
  • #452
  • Mar 25, 2010 1:59pm Mar 25, 2010 1:59pm
See how a few lines can work out..
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Good Trading To All ; Ken Lee
  • #453
  • Mar 25, 2010 2:03pm Mar 25, 2010 2:03pm
Quoting Kenneth Lee
Even on a sloppy day it isn't that hard to fnd trades.
Hi Ken, thanks for all of the great info. I'm a newbie and find your thread very helpful. Especially useful are the charts and flash cards you have put together. I have been reading the pdf(I know you didn't write it)...on surfing the 5 minute charts....quick question. On small waves...the ones where you put your entry order at the top or bottom of wave after a small pull back. Do you wait until the candle has closed above or below...or just put your order in to enter when that price is reached? Thanks again for sharing your knowledge!
  • #454
  • Mar 25, 2010 5:18pm Mar 25, 2010 5:18pm
Quoting UgoPips
Hi Ken, thanks for all of the great info. I'm a newbie and find your thread very helpful. Especially useful are the charts and flash cards you have put together. I have been reading the pdf(I know you didn't write it)...on surfing the 5 minute charts....quick question. On small waves...the ones where you put your entry order at the top or bottom of wave after a small pull back. Do you wait until the candle has closed above or below...or just put your order in to enter when that price is reached? Thanks again for sharing your knowledge!

Just when price pulls back at least 3 pips . ( Feel it would need to be further) But we are talking about very small swings of 5 to 20 pips Max.. So can't pull back much or we would use variation 2. Even then a swing between 20 and 40 pips the 50% Fib level is 20 or less so a pullback around 5 to 10 is all you could wait for.

Hope this helps. Ken
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Good Trading To All ; Ken Lee
  • #455
  • Mar 25, 2010 6:14pm Mar 25, 2010 6:14pm
Quoting Kenneth Lee
Just when price pulls back at least 3 pips . ( Feel it would need to be further) But we are talking about very small swings of 5 to 20 pips Max.. So can't pull back much or we would use variation 2. Even then a swing between 20 and 40 pips the 50% Fib level is 20 or less so a pullback around 5 to 10 is all you could wait for.

Hope this helps. Ken
Yes...that's exactly what I needed to know. Thank you!
  • #456
  • Mar 26, 2010 9:22am Mar 26, 2010 9:22am
Ken, the print in the green box on the chart at 452 is too small to read even with a magnifying glass on my computer. The other posts with print on charts I can read with a magnifying glass.
  • #457
  • Mar 26, 2010 9:42am Mar 26, 2010 9:42am
Quoting mary4x
Ken, the print in the green box on the chart at 452 is too small to read even with a magnifying glass on my computer. The other posts with print on charts I can read with a magnifying glass.

Yes I won't be doing that again.. Still bad but maybe it can be read now..Ken
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Good Trading To All ; Ken Lee
  • #458
  • Mar 31, 2010 2:05am Mar 31, 2010 2:05am
Hello Ken & Everybody

Thank you for all you have done. I am highly appreciate your chart with detail explanations. I have ever seen so great explanation and i can't stand to keep lurking (Plz forgive my poor english - can't express myself very well) .

I readed all your posts in FF and recommended ebook. I find the concepts like surfing , Fib Zone, scalping and etc.. could merge together to form numberous combinations. It is very interesting and i am trying it in the market. Hoping i can share it here.
  • #459
  • Mar 31, 2010 9:52am Mar 31, 2010 9:52am
Hi, Ken
I have encountered same issue as this guys.

4h and 1h, it was bearish. but in 15m, it was a nice 35/50 ma cross. how will you handle this issue.

Actually, every time 15m 35/50ma forms a good opportunity, it will conflict with 1hr or 4h time frame.

More detail refer this post:http://www.forexfactory.com/showpost...ostcount=33332


http://i228.photobucket.com/albums/e...0march2010.gif

http://i228.photobucket.com/albums/e...0march2010.gif



http://i228.photobucket.com/albums/e...0march2010.gif
Dancing with Candlesticks
  • #460
  • Mar 31, 2010 10:42am Mar 31, 2010 10:42am
Quoting iForex
Hi, Ken
I have encountered same issue as this guys.

4h and 1h, it was bearish. but in 15m, it was a nice 35/50 ma cross. how will you handle this issue.

Actually, every time 15m 35/50ma forms a good opportunity, it will conflict with 1hr or 4h time frame.

More detail refer this post:http://www.forexfactory.com/showpost...ostcount=33332
I am not sure and have never seen it written anywhere that the closing time of the 4 hr chart is critical but as you know it will change the candle formation. My candles close on GMT time and I don't have the pin you do,


Might be something to look into..


I will give you some more info later just busy right now. Ken
Good Trading To All ; Ken Lee
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