Ken's Continuing Successes with EO's system

Welcome aboard. Yes the way we are using the MA's is completely different than most Moving Average trading. Most are a cross entry signal system a fast MA moves across a slower one signaling a trade. We use them the same as S/R lines to help us see the areas of possible trades. Teach alot about Price Action here as that is what really drives the price across our charts and forms the swings and patterns we all use to trade . So understanding that will help with anyones system or enable a person to develop their own trading ideas.

Any how welcome and if you need clarifaction on anything just ask.. Ken

Been reading up on the whole thread some more post by post. Great way to fill in some blanks.

Did everyone remember the ideas and plan their trades ? No matter the size of the trades the rules apply the same.

Ma's on the 1 hr charts aren't right sorry they are the ma's fro the 15 min forgot to remove them . was just showing price action.

I am looking forward to being a part of this thread.
Headed outside to help my son with his Charger.

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Rufus

Hey guys

I have an indicator I use but during my night time hours when I sleep it only alerts one time. I would like to change this to keep alerting until I manually cut it off. I was wondering if someone can help me with that?Thanks in advance for your help!! If you would be willing to help please PM me.
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Plan your trade and trade your plan.. You can trade multiple pairs with less risk than just one because then we get to cherry pick the best and leave the risky ones alone.

Hi Ken!

Great post. I'v also been thinking about that, just watching different pairs will get us a lot more clear cut oppertunities and we'll be less likely to enter half good trades.

Theres a lot of similarities to playing online poker, when you begin to get good you will start to play more tables at the same time. You will probably lose some edge compared to only focusing on one table, however you gain a whole lot more just simply because you see a whole lot more ways to play profitable. And in the end that is what its all about, maximizing our chance to rake in the cash!

With the daily hammer and a long candle in progress, a s/r line in the 1.4860 area on the 4H and we're above the 35/50 ma 15min, basically we're looking for longs?
Seems like a 1oclock on the 15min could occur.

Only thing is that 1h62 has held price pretty good though, should that tell us something?

You answered your own question sure it should it is the mid level on the 1 hr chart and a major level and until it breaks we haven't made a new high on the 1 hr changing the trend on that time frame.but you could call the opeing gap and retest of the 35/50 15 min . a higher low on the 1 hr.

Remember we said the higher lows in a up trend are more important than a higher high. Because it shows sellers leaving the market. may not have the buyers we need yet or a stack of orders at the upper level need to be breached but higher lows and mulitiple test of a Area and normaly it will break. Which the 62 ema diid after 4 attempts and it took more buyers from London open to do it.

Also a series of higher lows and the cap of the upside CAN produce a aacending triangle pattern which is a bullish continuation signal. look at your 15 or 1 hr that pattern was there.

Just keep looking and questioning and it wil come to you . With time you will see all this in real time. But until you do always look back and see what unfolded as that is how you learn. Roll your chart back so you see what it looke like before it came true . If all we look at is trades after the fact we may never see what they look like when we should enter. Picture in your mind or move your chart to paint and adjust candles to see what they do prior to a entry.

We see a lot of trades completed but then when the same setup comes again. The green candle we saw after the fact is in reality very red when we should enter or not. But unless you figure it out you will never trully know. You have to gain trust in your visions not mine.

Trade Well.. Ken

Hope everyone sees the 1:00 entry on e/j retest of the previous high or asia high off the 10 ema. Right on the london opening candle.

Do we really want simple or not?

When we look at these charts just think about the same ideas will work on the higer time frame charts to big more important levels with large gains.

In fact you should always pull your trading zone areas off your higher time frames first then when one of these entries match those areas is the major entry level for major trades. That we are looking for.

When everyone is itching for information form EO and the other really good traders . Mainly all your going to get is the majow areas. So we must know how to find the entries on the lower charts ourselves. Or you can just jump blindly at those areas mentioned.

But we want to know we are entering a trade a major area and without looking at your higher time frame charts we have no chance. It really makes you mad when you take a scalp trade on a 500 pip move or even a 100 pip.

I was looking through my PDF files and came across this one. It is a good small list of 10 basic thoughts to help us trade. I am not promoting these people and have never been to their website. But the information is worth shairng.

Haven't posted anything on Phscology lately.. (Cheering in background).
But there must be something to it. To recieve a major degree in your field of study it is a required subject. Athletes use visualization techiniques to improve performance. As one of the rules states. take a few minutes each day and prepare yourself for the days trading . See yourself in your own mind making great trades as well as bad. That way you are emotionally prepared for anything.

The 10th section is about keeping a journal, Not a ledger of just entries stops and tp's . But a journal of how your feeling about the entries or signals your seeing weither your hesitating or not. Are you entering to soon. By self policing ourselves then looking over these notes when we are not trading we will see the patterns of our own making. This could be the greatest tool of all. We can look for the holy grail forever, But the simplest trading systems are always the best. The only variable is within ourselves.

Trade Happy Ken

And for those that may have missed this pdf. Full og great stuff to take control of your own destiny.

Hi Ken,
I have been reading your thread.. great thread.. keep up the good work...

I have a question..

Can you explain your rules for marking out the trading zone, and what time frame do you use for the trading zone?

The trading zone can be found on any time frame chart. It is the fib retracement primary areas . 25% to 75% or 1/4 to 3/4 of the previous unbroken swing. The best areas are the 50% and 61,8% fib levels. This would equal 1/2 to 5/8 of the swing .

There sin't a time . But if prior to YOUR trading time find those areas on all the charts you watch . we look at daily,4 HR 1 HR and 15 Min. Anyone can come into play. Once you find the zone look for any other confluence within that area. S/R . Major Ma's ,trendline , big numbers . Pivots whatever your comfortable with . tis should help with fine tuning where price may turn within the zone. Once you have those look and see if any of the charts are in agreement.

You may find a major trading zone on the 4 hr or daily is being aproached by one on the 15 MIN. When this happens it is important to uinderstand thet thsoe entries are the ones to the big trades. Confluence of higher time frame charts and entries on the lower just allow less risk. ( Lower Stops)

Sorry so long winded if you don't understand let me know. Ken

Ken,
Can you send post a pic. of your 15m chart with the trading zone?.

I want to see if we are on the same page..

Ken.
Sorry I forgot to mention the pair.. GBP/USD

I can't post a chart right now but the gbp just crossed into the zone s best area 1.4794 1/2 50% . of that last leg up. 5/8 or 61.8 is at 1.4778 area. the 1/2 was very close to yesterdays low. so would be a confirmed area

Hope I'm not butting in,but I thought this might help to see 3 areas of trading zones on a 5min chart from today. The first 2 (marked by green arrows paid out well,the first one at the 61% fib the second at the 50% fib.The third is in the process of potentially forming (marked out by the white box area ).Hope you can see what I mean and it helps