Ken's Continuing Successes with EO's system

Been sitting here watching some mates trade with no fear to continue to take those longs. Time after time . See why ?

Might be to much on this chart to see.. just click on it a few times to get it full size..

a bit clearer ..

Hi Ken and fellow traders

I have been following this thread for the last couple of days and I have really been enjoying it, good stuff!!!

Keep it up guys

Cheers
Dane

Hi, Ken and kodziro
Just walk by, and say hello and thanks to you guys!

Chart

chart

Thanks for the charts Ken

Would you say every time there is a 'clean' pattern and ok location of a direct bounce of an MA, you trade it every time?

I have been trying to get more in tune with longer term trading. But yes I will look for swings Lower highs or higher lows for trend changes then a buy off a touch of support or sell a touch off resistance. But a glance at my hourly chart can show me that it is a long term entry and not just a quick scalp.

Also the 4 hr and daily. But they usually have one particular entry point per day to watch for. So tend to watch the hourly more with knowledge of the 4 and daily. Somemtimes as I have said in the past . They all come together at one time those are normally the home runs.

That is where people will place Pending Orders. Because when a confluence of information happens we will see a mass entrance of traders. Which will cause a major reaction that can be missed. But normally we get a bit of a spike as price aproaches those areas. A attempt of the otherside trying our patience. Stophunting or what not. This can shake the confidence of the new trader. But is a common occurence.

I think of it as price is moving towards our area of interest. Big banks don't have pending orders they have lowlly interns trying to stay awake . So when pirce approaches and they place the order there is a delay and price carries through a bit. But as soon as all those interns get those orders place the rejection can be massive.

If the above is true or not . It is how my mind sees it.

Hope this helps if not ask more .. Ken

Can you see the pattern yet.

and once again

Not so much yet on this one. But the first entry was a 100 pipper and this one 40 to 50 .. How many pips do you need ? Plus there was a possible entry at 113.40 area . But that was right at the open . So that 113.15 line was the one tonight.

did you see the exits ?? and why ? Doesn't mean it can't go lower but we can always get back in at almost the same exit price when it breaks then retests. if it does.

Hello Ken.

Could I ask you about your last trade on this chart?

As the bullish candle doesn't give you a nice reversal candle (Pin/shooting star etc), what is you entry here? It looks like you entered on the next candle whehn it retests the line. If so, are you looking for a trigger here...say price stalling again?

I'm not sure i'd have the confidence to just jump in on that one, without a confirmation candle. It'd be useful to hear how you handle that.

Hello.

My short today GU.

Hello Ken, my first post to you was private and for your response I say thanks publicly. I trade ej/gu and they offer enough opportunities. Best regards,,,

Dejan.. PS as we speak GU/EJ gave some good opportunities

A screenshot of EJ http://screencast.com/t/MzkwMGQzY

Dejan

very nice Dejan

If you missed entry at the top always look for another with sup/res trendline,ma.

Hi,

Just wondered whether this was a solid entry or not. It was around the same trade that Kodziro took on GU off the 200 sma on H1. A watched price break through and close above my resistance line and then form the pin/doji and then reverse. I was then looking for a retest of the resistance line/zero number for a short. I am still far from 100% with the strat so didn't take it but sure enough, it played out.

Do you think this is a good entry if you missed the entry that Kodziro took?

Cheers

Trotty

to share--
its not a great short entry.it could have been bounced off.but this time it didnot.see the big green candle it moved from the cluster zone.
yes aggresive way it was a short entry,when it retested the upper resistant zone.

good trading
sho