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Ken's Continuing Successes with EO's system

  • #1,161
  • Jun 23, 2010 5:13am Jun 23, 2010 5:13am
Quoting Kaptain Ahab
Kodziro, what is your TP?
first +30, second fridays high, also consider add to trade around 4929
  • #1,162
  • Jun 23, 2010 5:23am Jun 23, 2010 5:23am
Quoting kodziro
my short 1.4936 ( important ppa with 15m divergence ), exec. by PO
Hey man, same thinking, short at 1.4938, TP out already at 1.4917
  • #1,163
  • Jun 23, 2010 6:34am Jun 23, 2010 6:34am
Took the same trade but again with a later entry, saw price hit that weekly high but didnt pull the trigger until the candle closed a shooting star so missed a big part there. Seems like shes finally coming down now though..

So we got a doubble top on 1h and TL resistance on daily, do you guys think she might drop hard here?
  • #1,164
  • Jun 23, 2010 6:58am Jun 23, 2010 6:58am
I haven't mentioned this in a while . But a trade we can take. Is one I callthe Asia drift. It happens after London fix till about 2:00 eastern time so late UK time . But we can get a entry when the markets quite down that just kinda drifts in one direction untill the Asian session and at times like last nigth if Asia continues the trend all night ..


E/j had a very nice one yesterday. i got the entry but took profit to soon. I had just got back from some errands and saw that pin. Price was up the wick took the short . But closed with about 18 pips. As I hadn't really did any analysis on it. But there was a second entry just as good or better then the first. which also worked and stayed below the stop level of just above that pin.

It is easy to see and understand that we can use the same entry signal when talking about imediate price Action . But the same holds true for PPA signals. It has been written many times by me and others. A entry signal is always good until it is broken . So as the chart before ask . yes you can trade from a signal off a previous swing.


It is just PPA in play. we are looking for that area to hold and turn. Just remember your stop is the same for the new entry as it is for the previous
one. No goofing around and hard thinking. Just place it and see what happens..
Good Trading To All ; Ken Lee
  • #1,165
  • Jun 23, 2010 7:04am Jun 23, 2010 7:04am
Quoting Storeball
Took the same trade but again with a later entry, saw price hit that weekly high but didnt pull the trigger until the candle closed a shooting star so missed a big part there. Seems like shes finally coming down now though..

So we got a doubble top on 1h and TL resistance on daily, do you guys think she might drop hard here?
don`t rush your entries, hangman was the second driver, was looking some pa with 4929 area to add it. Exit both on fridays high, must finish for today.
  • #1,166
  • Jun 23, 2010 7:13am Jun 23, 2010 7:13am
Quoting kodziro
don`t rush your entries, hangman was the second driver, was looking some pa with 4929 area to add it. Exit both on fridays high, must finish for today.
Got 10+ just gonna let her run and see where it might end up

Hope you had a great day man! Lets hope England has one aswell!
  • #1,167
  • Jun 23, 2010 9:31am Jun 23, 2010 9:31am
Quoting Kenneth Lee
I haven't mentioned this in a while . But a trade we can take. Is one I callthe Asia drift. It happens after London fix till about 2:00 eastern time so late UK time . But we can get a entry when the markets quite down that just kinda drifts in one direction untill the Asian session and at times like last nigth if Asia continues the trend all night ..


E/j had a very nice one yesterday. i got the entry but took profit to soon. I had just got back from some errands and saw that pin. Price was up the wick took the short . But closed with about...
Im not following, you think you could perhaps post a chart or direct me to where you've gone over it?

Thanks!
  • #1,168
  • Jun 23, 2010 10:35am Jun 23, 2010 10:35am
Quoting Storeball
Im not following, you think you could perhaps post a chart or direct me to where you've gone over it?

Thanks!

Don't have time now but will post some examples soon ..
Good Trading To All ; Ken Lee
  • #1,169
  • Jun 23, 2010 9:18pm Jun 23, 2010 9:18pm
Hi Ken

Is this what you mean by Asia drift.

Or the term I will coin to it "Tokyo Drift" after the movie.

Rufus
Attached Image (click to enlarge)
Click to Enlarge Name: asia drift.gif Size: 25 KB
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #1,170
  • Jun 24, 2010 1:31am Jun 24, 2010 1:31am
long GU, 4h bearish signal with weekly area so short may be in play for large TP
Attached Image (click to enlarge)
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  • #1,171
  • Edited 7:33pm Jun 24, 2010 7:32pm | Edited 7:33pm
Quoting kodziro
long GU, 4h bearish signal with weekly area so short may be in play for large TP
Hi, Kodziro
You mentioned hangman and divegence in your chart. but which candle is hangman? and how to see the divegence?
thanks
Dancing with Candlesticks
  • #1,172
  • Jun 24, 2010 7:36pm Jun 24, 2010 7:36pm
Quoting kodziro
long GU, 4h bearish signal with weekly area so short may be in play for large TP
hi, kodzrio
what software are you using to draw the monthly and weekly pivot? where can i find ?
Dancing with Candlesticks
  • #1,173
  • Jun 24, 2010 11:59pm Jun 24, 2010 11:59pm
http://www.forexfactory.com/showpost...postcount=1127
Quoting kodziro
I have an indicator for mt4 platform.
There.
  • #1,174
  • Jun 25, 2010 6:08am Jun 25, 2010 6:08am
http://www.forexfactory.com/showpost...26&postcount=4

Just came across this post again, is that something similar to the asian drift?
  • #1,175
  • Jun 25, 2010 2:03pm Jun 25, 2010 2:03pm
Quoting iForex
Hi, Kodziro
You mentioned hangman and divegence in your chart. but which candle is hangman? and how to see the divegence?
thanks
Hello.

http://www.babypips.com/school/divergence_trading.html
  • #1,176
  • Jun 25, 2010 2:07pm Jun 25, 2010 2:07pm
For sharing
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  • #1,177
  • Jun 25, 2010 2:26pm Jun 25, 2010 2:26pm
more about top/bottom spotting ( this week )
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  • #1,178
  • Edited 5:57am Jun 26, 2010 3:57am | Edited 5:57am
Hi Ken,

Sat is my revision day and re-study your explanation on PA and PPA again.

Thanks for the nice tips, totally agreed the necessity of daily pre-trade works and how the price respect on each major s/r level as well as critical MAs. These 2 pages are definitely great for me.

http://www.forexfactory.com/showpost...postcount=1151
http://www.forexfactory.com/showpost...postcount=1152

Cheers
City
  • #1,179
  • Jun 26, 2010 6:49am Jun 26, 2010 6:49am
Here is the example of the Asia (Tokyo) Drift .
Attached Image (click to enlarge)
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Good Trading To All ; Ken Lee
  • #1,180
  • Jun 26, 2010 7:00am Jun 26, 2010 7:00am
It is the things like above in that chart and in previous posts showing how price tends to trend for a complete session or in this case between sessions . That if we can somehow build that trust and let the price just do it's thing we could be very successful indeed.

Like above if you got in any of those trades got coverd and moved to BE ( Break Even). None of them would have got stopped out not one. In a whole week. One trade was a 80 pipper all the rest 100. If you got in the Monday one. You could have rode it for over 300. Then turned at 11:00 Wed. See the possiblities are everywhere all the time.

We have to learn to see the possiblities in all our trading but to trust historical data is key. If it has done it in the past why wouldn't it in the present. Looking at these in retrospect these entries look pretty sweet and could be even easier trading than the volitale times during session opens with news and all.

Hope your all having a great weekend. Ken
Good Trading To All ; Ken Lee
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