Ken's Continuing Successes with EO's system

Notice People how important is reversal level.

You think you could elaborate a little? I also can see the pins, which i guess means the three candles with equal wicks on 4h, so that could be a sign that price is reversing, going long in this case?

At the time of the post all three time frames 15 min, 1 Hr and 4 Hr were showing pins. It was a bad post because it isn't part of the system . Just was showing the rejection of alL. It was about 5 minutes till the 1 hr close. But as we saw the price got pushed back and the buyers bought it back up. Which caused the 1 hr to close as a spinning top with almost equal wicks. makine risk almost the same for shorts or longs. But as we were now in a uptrend on the 15 min and had a higher high on the 1 hr. The risk was to high to try a short.

I should have not posted that .

You mean that seeing as the spinning top signals indecision, your saying that chances of price turning into an upward trend is decreasing with the spinning top?

Know it basiclly means that we need to look else where for a signal as this is not a good one. If you had shorted the 15 min shooting star the hrly close as a spinning top. could have you looking for a exit possiblly. Just tells us that we need to weigh our other signals as this one is condsidered flat.

Like I saoid shouldn't have posted just confusing you . Sorry ken

I'm really starting to see the benefits of good s/r lines. On my 4h price just went perfectly from my support at 1.5130 to mye resistance line at 1.5327 Still gotta get better at finding good entries on the lower time frames though.

The GBPUSD has stalled here for 3 hours now and failed to make a new high twice, I'm shorting here with sl at 5342

looking for 100 pips to the other area of indecision, of course ill cover my ass at around 10 pips

Yeah I been short from that last green candle followed by a mini hangman. But watching it closely could get a stop run start of Asia. But don't be afraid to get back in if it gives a signal this is a good area daily s/r line right above.

Thanks guys! Its just small things like what you two just mentioned that helps me alot with getting all this. Just small things on why we take the trades we do

We did get a final push stop running maybe last bull move don't know . But I shorted from there and just closed around 1.5323. Was going to leave running but remembered it is a japan holiday . Why it has been so slow..

Take care see you in the am. Ken

Just went short on GU after it failed to make a higher high on yesterdays high point. Lets see how it goes.

Got stopped out. Was it a bad move?

Almost seems like a good candle to have a 1 oclock trade in hindsight?

It was a breakout nd retest of the 1.5343 s/r line a daily line , we are above the 35/50 ma's so longs would be preffered. I just sat down and am waiting for a pullback for a retest to go long or a clear short signal . We are getting a a red I/B of sorts but may just bring it back for that retest of yesterdays high will wait and see.

Also price is right at the weekly opening price . Good reversal area or could break patience is in order no hurry. it is trading not a foot race.

and it retested yesterdays high , But have to break that weekly opening price as well another barrier.

then more euro news throws a wrench in the works. oh well without news price would never move.

Plus freaky friiday and end of the month so some strange moves can happen with large traders adjusting positions.

Remember with these large moves it generally springs back to where it started

I just don't know what to make of the GBPUSD H1 close. I'm scewed towards a short, but I'm not taking it yet, what are other people's thoughts?

1.5353 Support is quite strong !
but patience is key in this industry. so wait the retest of 1.5340!

long at 5316, can`t find any important area after 35/50 cross so I used Asia low. Look also how 4h candles respect this level. With the first touch I took +10, when price down again to 5316 I long again ( already got cover by first one )

I longed at 1.5340, and just closed at 1.5345.
again I tooklong at 1.5300 for 1h62ema with SL at 1.5265. DO NOT ASK, JUST DO IT!

Nice, I would cover it at broken asia low at 5315