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Ken's Continuing Successes with EO's system

  • #961
  • May 19, 2010 6:56am May 19, 2010 6:56am
Quoting leemonk
Hi Ken,

I guess our RN (round numbers) are very similar to your whole numbers, but maybe a little more frequent.

I'll post here the indicator, which needs adjusting per 4 or 5 digit broker and also on the timeframes. 25/50 pips on a 15minute chart is great, but on a 1hr chart, you wont see anything else!

There are also two charts, one showing the numbers and the other showing some reactions yesterday.

Alone, they are simuilar to a lone MA, ie not too reliable, however in confluence with an MA, the work very well and lets face it...... your/EO...
Hi, thanks for share. I`d like to see your pivots indicator if you don`t mind.
  • #962
  • May 19, 2010 7:59am May 19, 2010 7:59am
Quoting Kaptain Ahab
hi all, i love this thread. my first noob image on FF of EURUSD M15. thanks leemonk. are the S/R lines properly drawn? are there any better entries than those circled? i would appreciate constructive criticism. please don't hold back otherwise i can't grow. thx in advance.
Those look fine as long as you remmebr it is a area not a point. Plus with time you will see if you need to tweak them any. We all tend to average differently so they maybe further up or down a wick for different people. I know mine are always off a few fro other peoles then at time they are spot on where others have nothing. But thse look fine on that chart.

Just always keep trying and it will get easier as you go Ken
Good Trading To All ; Ken Lee
  • #963
  • May 19, 2010 8:02am May 19, 2010 8:02am
Quoting kodziro
Hi, thanks for share. I`d like to see your pivots indicator if you don`t mind.

He put it at the bottom of his post
Good Trading To All ; Ken Lee
  • #964
  • May 19, 2010 8:11am May 19, 2010 8:11am
Quoting leemonk
Hi Ken,

I guess our RN (round numbers) are very similar to your whole numbers, but maybe a little more frequent.

I'll post here the indicator, which needs adjusting per 4 or 5 digit broker and also on the timeframes. 25/50 pips on a 15minute chart is great, but on a 1hr chart, you wont see anything else!

There are also two charts, one showing the numbers and the other showing some reactions yesterday.

Alone, they are simuilar to a lone MA, ie not too reliable, however in confluence with an MA, the work very well and lets face it.........

Yers those are two of the big numbers so yes it is the same . They tend to work even better on yen pairs. respect 00 and 50"s a lot. Kind makes common sense . Big commercial traders not really saying when it gets to 1.4362 letssell. more likelly when it hits 1.4350

Anyway yes and as far as the MA's being in those areas . We are all trading the same charts and looking for entries in the same places. So unless what we are doing is fundamenatlly wrong we should see confluence at those areas.

I have said this a lot too . if you have done any trading at all, you should be able to see one of the EO entries that is similiar to what you were doing and it should be a additional help to you . learn that one first then look at the rest, trying to learn them all at once is to confusing to most people and they get them mixed up.

Thanks for sharing your script. I will save it in my stash in case i start running that MT4 demo. Ken

Nice breakout retest on e/j at 112.50 quick 50 pips. These big moves make for some awesome scalping hehe
Good Trading To All ; Ken Lee
  • #965
  • May 19, 2010 8:18am May 19, 2010 8:18am
Quoting AnonYmos
Short GY @ 130.049 sl 130.45. 5 o'clock. Tried to get the reversal to the 5 MA. Comments welcome.

Good eye that is what we look for a break lower a pull back for a retest then a entry unfortunately we hit the bottom it seems. But if you entered at the top of the red candle I hope you got it coverd to break even at least or a small loss.. But that is the idea. You did a bit of PPA with that wick.

Look at 131.00 for a better example around 5:00 eastern U.S. time around 10:00 UK I think.

Maybe the next one will be better .. But you did see it that is the first thing.

That 112.50 on e/j was the 1:00 same but a long. with loads of PPA
Good Trading To All ; Ken Lee
  • #966
  • May 19, 2010 11:24am May 19, 2010 11:24am
Here is a chart of the E/J showing many good safe entries just using Price Action also we had a good pattern in Asia for a long the Shampoo. The Ma's aligned with our main PPA line and we had main entries that are desribed in our PDF. These big moves amke for some quick pips. Those B,Cand D entries could have profited 400 pips alone. Depends on when we took profit. then the shampoo last nigh for a 100 . , Many chances to take trades here . with known areas for your stops , to me that is the key .

everyone concentrates on entries signals candlestick patterns etc.. , Which is fine but if you don't have a clear point to place your stop you can always be in doubt if it is right and may move it. Just having a set stop amount isn't the right answer. Why does everything vary and that doesn't. The less you rsik the more you keep.

He who loses the least in forex wins.

Everything looks sideays at the moment. last tradeI took was that short below that ppa line.
Attached Image (click to enlarge)
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Good Trading To All ; Ken Lee
  • #967
  • May 19, 2010 11:43am May 19, 2010 11:43am
we all should be doing this everyday after trading to help us see what we misssed during the trading session . Then at some point we will start to see it in real time. Try and visualize what the candles before the entries looked like as they opened and moved . As it is never the same as it ends.

Maybe when you have time if you have a certian setup you like the most . Post to paint and redraw the candles to what they would look like when you should enter. then save them to a folder making your own flash cards of entries.

This is like any other education you have done. the more you put in the more you will get out .
Good Trading To All ; Ken Lee
  • #968
  • May 19, 2010 3:15pm May 19, 2010 3:15pm
That was a very popular line today.. Also watch where your candles close to decide to take profit or not. If it closes acroos a line and a retest entry would continue in your direction stay in. If it closes before the line close as close to the line as possible then if it breaks get back in on the re test. If the line holds it back it will retest 90% of the time so at most you lose a few pips but limit your risk. Which is our goal.
Attached Image (click to enlarge)
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Good Trading To All ; Ken Lee
  • #969
  • May 19, 2010 4:33pm May 19, 2010 4:33pm
Quoting Kenneth Lee
He put it at the bottom of his post
I see there only round numbers indicator.
  • #970
  • Edited 1:12am May 20, 2010 12:30am | Edited 1:12am
Quoting Kenneth Lee
That was a very popular line today.. Also watch where your candles close to decide to take profit or not. If it closes acroos a line and a retest entry would continue in your direction stay in. If it closes before the line close as close to the line as possible then if it breaks get back in on the re test. If the line holds it back it will retest 90% of the time so at most you lose a few pips but limit your risk. Which is our goal.

Great great comment Ken!!

This is one of the downfalls in my trading currently.... trade management, learning to take profit.

Regards

Lee
  • #971
  • May 20, 2010 1:07am May 20, 2010 1:07am
Quoting kodziro
I see there only round numbers indicator.
Hi Kodziro,

Sorry for the delay, I missed your earlier quesiton. I am still in this thread, but it's not my 'home' if you know what I mean, so I miss some stuff, though, I think I will be starting again in this thread..... it seems that Ken is (rocking) it!

See attached Pivots. I got these from Luckylady, who Ken knows too. Sadly I don't know where she got them, so I can't 'credit' anyone more than that.

Throw them into the indicators list and then load them onto a chart. You can edit the settings. There are many settings and I highly recomend you have a look at them.

There are many more settings, but I generaly use the following:


Regards

Lee
Attached Image
Attached File(s)
File Type: ex4 SDX-TzPivots.ex4   21 KB | 321 downloads
File Type: mq4 SDX-TzPivots.mq4   23 KB | 318 downloads
  • #972
  • May 20, 2010 3:06am May 20, 2010 3:06am
Quoting leemonk
Hi Kodziro,

Sorry for the delay, I missed your earlier quesiton. I am still in this thread, but it's not my 'home' if you know what I mean, so I miss some stuff, though, I think I will be starting again in this thread..... it seems that Ken is (rocking) it!

See attached Pivots. I got these from Luckylady, who Ken knows too. Sadly I don't know where she got them, so I can't 'credit' anyone more than that.

Throw them into the indicators list and then load them onto a chart. You can edit the settings. There are many settings and I highly...

Hello.

Big thanks to you leemonk. It looks interesting.

Cheers.
  • #973
  • May 20, 2010 3:11am May 20, 2010 3:11am
My trade with London open, third in a row this week. I love it. Candles between 7.45-8.15 BST are critical.
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  • #974
  • May 20, 2010 4:46pm May 20, 2010 4:46pm
Very nice today`s setup. EJ 4h tf.( end up with about 400+ pips )
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  • #975
  • May 21, 2010 2:54am May 21, 2010 2:54am
Hello.

Todays London open trade. EJ
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  • #976
  • May 21, 2010 4:43am May 21, 2010 4:43am
Quoting kodziro
My trade with London open, third in a row this week. I love it. Candles between 7.45-8.15 BST are critical.
Hi Kodziro,

Just wondered if you would mind explaining the zero area for me please?

Very nice trades by the way. Are you always looking for entries in that half hour slot around London open?
  • #977
  • May 21, 2010 5:15am May 21, 2010 5:15am
Quoting Trotty
Hi Kodziro,

Just wondered if you would mind explaining the zero area for me please?

Very nice trades by the way. Are you always looking for entries in that half hour slot around London open?

Hello

Zero area, means round numbers ( psychological level ) this case 4400.

I always look for trade with London open. I pay more attention to this 3 candles time. To spot them i used all valuable informations that Ken taught me.
  • #978
  • May 21, 2010 6:35am May 21, 2010 6:35am
some trades with 35+35 rule
Attached Image (click to enlarge)
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  • #979
  • May 21, 2010 6:58am May 21, 2010 6:58am
Quoting kodziro
Hello

Zero area, means round numbers ( psychological level ) this case 4400.

I always look for trade with London open. I pay more attention to this 3 candles time. To spot them i used all valuable informations that Ken taught me.

Thanks for that Kodziro, I'm always trading around London open so something to consider here.
  • #980
  • May 21, 2010 8:31am May 21, 2010 8:31am
Hello,
I think for a normal trader who trades G/U today was not a good day because there was no clear trend visible. But for us or at least for me it was a great day with alot of good PA, and S&R/MA/round numbers interaction. Thats's the reason why this system is so great. You can make pips in every trade environment.
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