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Ken's Continuing Successes with EO's system

  • #481
  • Apr 9, 2010 12:53am Apr 9, 2010 12:53am
Hi, Ken and all
Thanks for sharing all the reason behind your trading.
Let us talk about what we currently seeing.
E/J, 09 Apr 2010
D1, hammer, support long
H4, Overall trend is down, currently it is up
H1, OVERall, up
M15. Up

looking for LONG
Dancing with Candlesticks
  • #482
  • Apr 9, 2010 10:47am Apr 9, 2010 10:47am
Quoting iForex
Hi, Ken and all
Thanks for sharing all the reason behind your trading.
Let us talk about what we currently seeing.
E/J, 09 Apr 2010
D1, hammer, support long
H4, Overall trend is down, currently it is up
H1, OVERall, up
M15. Up

looking for LONG
and it did go up so good analysis.
Do that for your self everyday and you will start to see everything and when your wrong you will see why and sometimes some news comes out or it just doesn't do what we want, So try and have 2 plans on for long other for short .
Good Trading To All ; Ken Lee
  • #483
  • Apr 9, 2010 1:09pm Apr 9, 2010 1:09pm
Hey Ken,

I've been posting in EO's thread quite a bit, trying to keep it alive, but a fellow poster there suggested I pop over and see you

So, here I am!

I am still, slowly, working my way through the whole thread, which as I am sure you know, takes a while. In fact, you started posting in there about 5 pages ago

I'm gonna keep active in here too.

I apologise for asking this as I have not read any of this thread yet, and probably should have done so, but do you trade purely EO's system or have you adapted it at all?

I am not fussed either way, but am interested to know!

As always, good hunting!

Lee
  • #484
  • Apr 9, 2010 2:10pm Apr 9, 2010 2:10pm
Hi, Lee. I'm glad you found your way to Ken's thread!
  • #485
  • Apr 9, 2010 3:41pm Apr 9, 2010 3:41pm
Quoting leemonk
Hey Ken,

I've been posting in EO's thread quite a bit, trying to keep it alive, but a fellow poster there suggested I pop over and see you

So, here I am!

I am still, slowly, working my way through the whole thread, which as I am sure you know, takes a while. In fact, you started posting in there about 5 pages ago

I'm gonna keep active in here too.

I apologise for asking this as I have not read any of this thread yet, and probably should have done so, but do you trade purely EO's system or have you adapted it at all?

I am not...
Hey leemonk,

it's still allowed to post in both threads

Have a great weekend all.
  • #486
  • Apr 9, 2010 4:16pm Apr 9, 2010 4:16pm
Quoting leemonk
Hey Ken,

I've been posting in EO's thread quite a bit, trying to keep it alive, but a fellow poster there suggested I pop over and see you

So, here I am!

I am still, slowly, working my way through the whole thread, which as I am sure you know, takes a while. In fact, you started posting in there about 5 pages ago

I'm gonna keep active in here too.

I apologise for asking this as I have not read any of this thread yet, and probably should have done so, but do you trade purely EO's system or have you adapted it at all?

I...
I just wrote a 3 paragraph response within your quote and it didn't show when I saved it ..

This thread was started as my continuing with EO's system. The problem I found was that so many think of the MA's as the same as any other ma system wanting to enter at every sign. I try and impart some very basic Trading ideas to help to understand why sometimes the trade will work and then again not.

You have to under stand that the ma's are like any other line you would place on your chart S/R Trend Line channel etc.. You use them to indetify areas of interest then you have to use your knowledge of price action and other skills to decide if it is valid or not.

Those other skills aren't covered much and is why you hear the same questions over and over again. I try sometimes by posting other strategies to help to teach people understand how and why price flows the way it does. So that at some point even without ma's you would have a very good chance of making correct choices. IT may seem a bit of topic for some but that is what I am doing..

Anyway my first answer was better .. Welcome Ken
Good Trading To All ; Ken Lee
  • #487
  • Apr 9, 2010 7:07pm Apr 9, 2010 7:07pm
Hey Ken

I've not been able to read this thread for a while....

However, it's good to see that you are posting fantastic ideas

Keep up the good work brotha
It's a dirty job but someone's gotta do it!
  • #488
  • Apr 10, 2010 1:31am Apr 10, 2010 1:31am
Hi Ken,

Thanks for taking the time out to answer my questions.

Like I said before, my decision to stay was not going to change regardless of your answers (sorry if that sounds odd as its not supposed to).

You and your thread were highly recomended to me sometime back by someone that we both respect and a fellow poster.

Now that I am finding my way into the 'chat' of EO's thread, I dont think it will take much longer to get through and I look forward to participating here, in any which way I can.

Thanks for the welcome.

Regards

Lee
  • #489
  • Apr 10, 2010 5:34am Apr 10, 2010 5:34am
Quoting leemonk
Hi Ken,

Thanks for taking the time out to answer my questions.

Like I said before, my decision to stay was not going to change regardless of your answers (sorry if that sounds odd as its not supposed to).

You and your thread were highly recomended to me sometime back by someone that we both respect and a fellow poster.

Now that I am finding my way into the 'chat' of EO's thread, I dont think it will take much longer to get through and I look forward to participating here, in any which way I can.

Thanks for the welcome.

Regards

Lee...

No worries, I strive to answer all questions sometimes may take awhile. With your videoography background , At some point you can put this all in a vidoe course for the next generation of traders. LOL

Have A Great Weekend Ken
Good Trading To All ; Ken Lee
  • #490
  • Apr 10, 2010 8:28am Apr 10, 2010 8:28am
let us take a look ..
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Good Trading To All ; Ken Lee
  • #491
  • Apr 10, 2010 8:46am Apr 10, 2010 8:46am
And
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Good Trading To All ; Ken Lee
  • #492
  • Apr 10, 2010 8:49am Apr 10, 2010 8:49am
All of that information marked on that last chart can be seen with nothing else but the Horiziontal line produced by your Platform showing where price is. The key is to not focus on the right side of the chart but the left. That way you can see why price may make it's next move.

Then when price stalls hard it will give you a chance to look at your other charts for some additional information to make your next analysis.
Good Trading To All ; Ken Lee
  • #493
  • Apr 10, 2010 8:51am Apr 10, 2010 8:51am
Forgot one at the top late friday afternoon
Attached Image (click to enlarge)
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Good Trading To All ; Ken Lee
  • #494
  • Apr 10, 2010 8:56am Apr 10, 2010 8:56am
So if you were a scalper a entry at any of those levels would get you into a trade easilly and if you just covered the trade and moved your stop even a scalper could become a swing trader at least.
Good Trading To All ; Ken Lee
  • #495
  • Apr 10, 2010 9:27am Apr 10, 2010 9:27am
Hey Ken,

I saw you down there (points down to the names viewing the thread) some time ago and figured you were up to something.....

Another great set of posts!

I am on page 10 of your thread (not finished EO's yet, but at work and I like the ethos - a different place, a differnt opportunity)

I have to take my hat off to you. You take great pains to explain things in a very broken down and basic manor. I am sure that this is in part (a sm all part) to my greater understanding of trading in general (far from an expert at just 6-8 weeks of learning), however your examples are both simple AND concise! (can't spell) which make for a great learning experience.

i think I got a little caught up in the system of trading the bounces and reverses - ie the 35/50, the 62bounce, the 50 boucne, the 35+35 etc etc. However the deeper into EO's thread I get and with your first 10 pages I can tell (and I even had a chat with a mutual friend about it) that 80% of the trades are actualy PA trades...... which is nice to know, seeing as I have spent close to 15 hours watching Steve Nison videos (your recomendation I recall too).

Well, I've babled enough now, I shall get back to reading your thread and doing the homework assignments in my head)

Great work Sir!

Regards

Lee
  • #496
  • Apr 10, 2010 9:33am Apr 10, 2010 9:33am
Quoting Kenneth Lee
Damn your right ... Forgive me.. I had always told the other.

Anyway here is why the engulfin is better.

I prefer to take a trade with a candle that is the same color as I want to go . Just seems to make more sense that way.. doesn't mean I wont take the other just prefer that
Love this post!

I apologise, but I like to drag great posts I find from history back to teh forefront of peoples minds. I knew that the DBLHC and the other one are strong signales, I just didnt really know why.... and this is example is great.

ps. I hope the chart re-displays!

Regards

Lee

pps. please tell me if I shouldn't drag old posts up.
  • #497
  • Apr 10, 2010 9:36am Apr 10, 2010 9:36am
It didn't re-display. So here it is.

Regards

Lee
Attached Image
  • #498
  • Apr 10, 2010 9:36am Apr 10, 2010 9:36am
And now we add the ma's and yes they add to the confirmation
Attached Image (click to enlarge)
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Good Trading To All ; Ken Lee
  • #499
  • Apr 10, 2010 9:38am Apr 10, 2010 9:38am
Quoting leemonk
Love this post!

I apologise, but I like to drag great posts I find from history back to teh forefront of peoples minds. I knew that the DBLHC and the other one are strong signales, I just didnt really know why.... and this is example is great.

ps. I hope the chart re-displays!

Regards

Lee

pps. please tell me if I shouldn't drag old posts up.
Yes that is great the more interaction we have the better for all. That is a good example and with time you can learn to add candles to see your 1 hr and 4 hr as well just by looking at your 15 min.

Glad your getting some good out of all this.. Ken
Good Trading To All ; Ken Lee
  • #500
  • Apr 10, 2010 10:02am Apr 10, 2010 10:02am
Now lets threw on some S/R lines betwen the S/R lines that we can draw even over the weekends . Mine have been on this chart for over 2 months. and the PPA lines and previous days highs and lows or range limits. There is many items to confirm our entries. So stay looking for entries with the trend make some marks on your charts and be patient because it doesn't take long to get a good entry.
Attached Image (click to enlarge)
Click to Enlarge Name: Misc 3.jpg Size: 235 KB
Good Trading To All ; Ken Lee
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