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Ken's Continuing Successes with EO's system

  • #1,201
  • Jun 28, 2010 7:55am Jun 28, 2010 7:55am
Quoting Storeball
Thanks! Def going to be looking for this.

Do you feel that this is something that is happening on specific pairs or multiply?

It happens on mulitple pairs it is just the end of the London / U.S. overlap so loads of traders done for the day and movement changes. Just like if you get the london open entry it can and does move in the same direction till U.S. open almost all the time.

I am just pointing out another time of day where that possiblity accures. You can see at the first of the week on tht chart it was a continuation not a reversal. So you still have to watch for the proper entry.
Good Trading To All ; Ken Lee
  • #1,202
  • Jun 28, 2010 8:09am Jun 28, 2010 8:09am
Quoting Kenneth Lee
That you tube will never die.....
Do keep it coming Ken.

One day, this will all click and i'll be able to trade EO's/your approach with confidence. At the minute, I just don't think i'm quite in that place so am sticking to making some money the only way I know how. It won't stop me reading each day and every post like this (and the others) will all only help me and many others in the long run!

Just wanted to make sure you knew that this was still worth your time, given your post from a week or so ago

Cheers Ken

Neil
  • #1,203
  • Jun 28, 2010 10:40am Jun 28, 2010 10:40am
Looking at GU we have two pins showing rejection, exactly at 11 eastern (or 17gmt+1 my time). Are we seeing a nice asian drift entry?
  • #1,204
  • Jun 28, 2010 10:50am Jun 28, 2010 10:50am
Quoting Storeball
Looking at GU we have two pins showing rejection, exactly at 11 eastern (or 17gmt+1 my time). Are we seeing a nice asian drift entry?

Yeah looking at that , don't really like the fact they are all
green bodied.But a break back below the big number 00, may convince me.
Good Trading To All ; Ken Lee
  • #1,205
  • Jun 28, 2010 10:55am Jun 28, 2010 10:55am
Not much on the higher time frames signaling a reversal either i guess, perhaps when london finally comes to an end in 5 that will push price further down?
  • #1,206
  • Jun 28, 2010 11:00am Jun 28, 2010 11:00am
I shorterd both gbp and e/j .110.13 on e/j 1.5112 on gbp. maybe one will be the runner. move to BE soon.
Good Trading To All ; Ken Lee
  • #1,207
  • Jun 28, 2010 11:01am Jun 28, 2010 11:01am
1H actually just closed as a tweezer, that wont hurt.
  • #1,208
  • Jun 28, 2010 11:02am Jun 28, 2010 11:02am
Nice DBHLC
Attached Image (click to enlarge)
Click to Enlarge Name: DBHLC.jpg Size: 150 KB
Good Trading To All ; Ken Lee
  • #1,209
  • Jun 28, 2010 11:23am Jun 28, 2010 11:23am
I let my e/j trade TP at my preset TP limit 50 pips. GBP still stalling. This happens a good bit . can get entries on both pairs one will be a winner other not as good or goes bad . But with the gains from E/J I cn set my stop on gbp to BE sooner. No use taking a loss if you don't have too.

plus we are holding below the 00. so could still work out.
Good Trading To All ; Ken Lee
  • #1,210
  • Jun 28, 2010 11:24am Jun 28, 2010 11:24am
I actually took a leap of faith after the hangman earlier, so just moved to be. nonetheless however this trade pans out, it is for sure something im going to try and implement.
  • #1,211
  • Jun 28, 2010 11:35am Jun 28, 2010 11:35am
Quoting Storeball
I actually took a leap of faith after the hangman earlier, so just moved to be. nonetheless however this trade pans out, it is for sure something im going to try and implement.

yeah right above 110.15 yep my entry as well I just let mine tp though it might run for awhile though. 50 pips is a big trade for me.. LOL

gbp is staying below the 00 so could be ok
that is my new line in the sand close above I am out
or up the previous candle 75%
about 1.5112
almost BE for me
a little plus
1 pip maybe
Good Trading To All ; Ken Lee
  • #1,212
  • Jun 28, 2010 11:48am Jun 28, 2010 11:48am
Here is a chart for those that like a visual .. See GBP is acting better .
Attached Image (click to enlarge)
Click to Enlarge Name: Misc 3.JPG Size: 216 KB
Good Trading To All ; Ken Lee
  • #1,213
  • Jun 28, 2010 11:56am Jun 28, 2010 11:56am
Nice chart!

Put my be at 10+ on gu just got stopped out, perhaps should've let her breath a little more. Anyways im happy cant complain had a good one
  • #1,214
  • Jun 28, 2010 12:01pm Jun 28, 2010 12:01pm
Quoting Storeball
Nice chart!

Put my be at 10+ on gu just got stopped out, perhaps should've let her breath a little more. Anyways im happy cant complain had a good one

Glad I took the profit on e/j right now. But at major lines like the previous days low with good PPA. If you close there you almost always can get a retest netry if it closes below that line. very rarely does it just blow through.

Still in gbp haven't moved my stop , but those 24 plus pips look nice along with the E/J about 70 pips not bad for a hours work .

Timing is everything. Knowing when to be here and possiblly what to expect then knowing how to read the chart for a little bit of a edge. is all it takes.

Nice trade.
Good Trading To All ; Ken Lee
  • #1,215
  • Jun 28, 2010 12:16pm Jun 28, 2010 12:16pm
Wouldnt hurt to get in these two everyday
I guess this is just another piece of the forex puzzle.

Appreciate the heads up!
  • #1,216
  • Jun 28, 2010 12:28pm Jun 28, 2010 12:28pm
Do you adjust your position on the 35 ken or your letting her go?
  • #1,217
  • Jun 28, 2010 12:57pm Jun 28, 2010 12:57pm
I am still in it but it has dwindle a LOT.. yeah I was deciding had a little PPA there and the 35/50 lines almost took it 2 or 3 times then it decided to shoot back up. So held it. may get a pin here could just be a retest and could drfit down still. It never moves ina straight line anyway.

But still green.
Good Trading To All ; Ken Lee
  • #1,218
  • Jun 28, 2010 1:16pm Jun 28, 2010 1:16pm
I am out ... Oh well as i said at the start of these trades if you take both the gbp and e/j trades. That a lot of times one is a winner and the other isn't but taking both you have a chance at Two.

This was not really a loser the 35 pips were at a good level to Take Profit. as it really was a counter trend trade. But trying to take longer trades clouded my judgement. But positive for the day it is all good. A Break even isn't a loss. but a chance to learn for free.

so 2 BE's and 1 50 pipper. All good.
Good Trading To All ; Ken Lee
  • #1,219
  • Jun 28, 2010 1:25pm Jun 28, 2010 1:25pm
I was following and went short again when price failed to go higher and started to go down from the shooting star at 11 (17 gmt+1).
  • #1,220
  • Jun 28, 2010 2:14pm Jun 28, 2010 2:14pm
Closed it btw on the previous candle that closed on the the 10ma, if it had closed through I might've stayed.
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