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Ken's Continuing Successes with EO's system

  • #921
  • Edited 7:27am May 17, 2010 5:47am | Edited 7:27am
Nice classic o`clock entry at 113.55 EJ.
  • #922
  • May 17, 2010 7:05am May 17, 2010 7:05am
Quoting Kenneth Lee
??????????
breakout test with 5ema
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  • #923
  • May 17, 2010 7:08am May 17, 2010 7:08am
Quoting kodziro
breakout test with 5ema
I took the same trade but because of the PA.
  • #924
  • May 17, 2010 7:18am May 17, 2010 7:18am
Quoting kodziro
Hello.

Nice short opportunity, got fibb, daily low and trend line there. Enter with 15m doji, although we could missed part of the move so sometimes we have to consider PO at those type of area.

Let's zoom in a bit did we have a setup?
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Good Trading To All ; Ken Lee
  • #925
  • May 17, 2010 7:19am May 17, 2010 7:19am
I like the close of the last e/j 1 hr candle.
  • #926
  • May 17, 2010 7:26am May 17, 2010 7:26am
Quoting Kenneth Lee
Not the trade your quoted price was wrong

should be 113.55
Sorry, I have to correct this immediately.
  • #927
  • May 17, 2010 7:27am May 17, 2010 7:27am
Quoting kodziro
Sorry, I have to correct this immediately.

No big deal LOL ,, Just could have newbies scratching their heads.
Good Trading To All ; Ken Lee
  • #928
  • May 17, 2010 7:28am May 17, 2010 7:28am
Quoting Kenneth Lee
Let's zoom in a bit did we have a setup?
Hi Ken,

the hangman was my driver too but we had on both sides a 35/50 cross so that I have exit the trade when the next candle closed.
  • #929
  • May 17, 2010 7:33am May 17, 2010 7:33am
Quoting MCFly
Hi Ken,

the hangman was my driver too but we had on both sides a 35/50 cross so that I have exit the trade when the next candle closed.

see that is the problem ,their wasn't 2 , 35/50 trades only can be one
It is a fib retracement trade the short was the only entry within the zone. of the major swing. as it had broken all the smaller swings.
Good Trading To All ; Ken Lee
  • #930
  • May 17, 2010 7:36am May 17, 2010 7:36am
plus the entry was when the hangman opened. We don't wait for a trigger signal on a 35/50 reversal trade. We can miss the whole trade or a good portion of it that way. See how the first green candle crossed and rejected (pulled back) That happens a lot. Which is hwy some will even take it before it closes. But that isn't in the rules.
Good Trading To All ; Ken Lee
  • #931
  • May 17, 2010 8:20am May 17, 2010 8:20am
I can't post the graph but, if i am not mistaken, we had a nice example ofyour trading zones on gbpjpy and eurjpy with 2 pinbars (one for each pair) which reached the 50 fibo's retracement in eurjpy and which reached the 38.2 retracement on gbpjpy. Kennet, am i correct???
I don't want a job, i want money!
  • #932
  • May 17, 2010 8:25am May 17, 2010 8:25am
Quoting Kenneth Lee
plus the entry was when the hangman opened. We don't wait for a trigger signal on a 35/50 reversal trade. We can miss the whole trade or a good portion of it that way. See how the first green candle crossed and rejected (pulled back) That happens a lot. Which is hwy some will even take it before it closes. But that isn't in the rules.
Hey Ken,

I know you're right but this was my first trade of the day and I came online when the hangman was forming. I thought it's a good chance to take a late entry.

I'm long e/j because of the nice pin.
  • #933
  • May 17, 2010 8:28am May 17, 2010 8:28am
Quoting dario1002
I can't post the graph but, if i am not mistaken, we had a nice example ofyour trading zones on gbpjpy and eurjpy with 2 pinbars (one for each pair) which reached the 50 fibo's retracement in eurjpy and which reached the 38.2 retracement on gbpjpy. Kennet, am i correct???

Yeah I see what your looking at. and with the touch of the 50 ema and in the PPA area of 113.80 e/j was pretty good. all those small swings make it hard to know where to pull it from. But once price crosses the 78% fib I usually look for the next swing. You choose the last decent swing with more than 2 red candles . Which was a good choice and it had confluence with those other items. 50 em,a and ppa. then a hammer signal.
Good Trading To All ; Ken Lee
  • #934
  • May 17, 2010 8:29am May 17, 2010 8:29am
Quoting MCFly
Hey Ken,

I know you're right but this was my first trade of the day and I came online when the hangman was forming. I thought it's a good chance to take a late entry.

I'm long e/j because of the nice pin.
I was asleep when that all happened. Not picking I just always know we got new traders and old traders so I just try to keep it all straight .. Yeah that pin right on the 50 was sweet.
Good Trading To All ; Ken Lee
  • #935
  • May 17, 2010 1:02pm May 17, 2010 1:02pm
I see on EO's thread there is some talk about a 35/50 EA that EO is working on. Have you heard anything?
  • #936
  • May 17, 2010 2:09pm May 17, 2010 2:09pm
Quoting mary4x
I see on EO's thread there is some talk about a 35/50 EA that EO is working on. Have you heard anything?

I know a couple of people had written one for him. But he doesn't use MT4 , So don't know why. geofery wrote one for him about a year ago.

Might be godfrey ,, Can't remember guy from the islands
Good Trading To All ; Ken Lee
  • #937
  • May 18, 2010 12:54am May 18, 2010 12:54am
35/50-reversal. Opened @ .44563 and set sl to 4468. Comments welcome.
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  • #938
  • May 18, 2010 4:18am May 18, 2010 4:18am
long after 35/50 then short

Ps. Looks like News respect 1h 62ema although didn`t trade it, but earlier EU 62 ema along with daily high give us nice profit.
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  • #939
  • May 18, 2010 4:34am May 18, 2010 4:34am
Quoting AnonYmos
35/50-reversal. Opened @ .44563 and set sl to 4468. Comments welcome.
notice that we got breakout earlier, so long after your short at retest was good idea, at least I would cover my short there.
  • #940
  • May 18, 2010 4:57am May 18, 2010 4:57am
Another failed 35/50-reversal. Comments welcome.
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