Ken's Continuing Successes with EO's system | Page 69 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

The System Behind the System, by Merlin Jeffries 16 replies

FX Trading Journal & Continuing Education (warrensapp) 2 replies

Continuing Direction following new Daily Low or High at Close 5 replies

Just basic question on trading successes 10 replies

Would you trade this system? New system #2. 10 replies

Attachments: Ken's Continuing Successes with EO's system
Exit Attachments

Ken's Continuing Successes with EO's system

  • #1,361
  • Jul 8, 2010 9:53am Jul 8, 2010 9:53am
Quoting kodziro
I swich to lower 4h/1h and look ppa near area of posiible turn if don`t see any trade with 15m pa
Yes,

Could be a good long play, otherwise a small SL right below the PPA.

Cheers
City
  • #1,362
  • Jul 8, 2010 10:29am Jul 8, 2010 10:29am
Quoting kodziro
USDCAD long, enter at 1.0386
seems you have good profit in pocket
  • #1,363
  • Jul 8, 2010 10:42am Jul 8, 2010 10:42am
Quoting Buildcity
seems you have good profit in pocket
Yep, just took some profit at res 1.0436, and ready for short if pa told me to
  • #1,364
  • Jul 8, 2010 12:46pm Jul 8, 2010 12:46pm
Getting a piece of the EJ and GU pullbacks and thought of the thread
  • #1,365
  • Jul 12, 2010 5:52am Jul 12, 2010 5:52am
Hi all!

Hope everyone had a good weekend. Im in Spain right now and with their win last night it was pretty crazy down here

Just entered short on gu with pin bar, 50ema, round number toghether with resistance on 4h.

Quick question, why do we use the 150ema instead of the 200sma on 4h?
  • #1,366
  • Edited 10:04am Jul 12, 2010 8:07am | Edited 10:04am
Quoting Storeball
Hi all!

Hope everyone had a good weekend. Im in Spain right now and with their win last night it was pretty crazy down here

Just entered short on gu with pin bar, 50ema, round number toghether with resistance on 4h.

Quick question, why do we use the 150ema instead of the 200sma on 4h?
Hi.

I use both on 4h.
Next time try to enter direcly at 4h ppa line. It give you advantage. For example you could scalp around 10 pips and then when you see pa go short again but with no risk. I shorted later too with suday`s low and it gave me nice place for cover.

edit: I went short at 5080 ( imortant ppa tested 4 times )
Attached Image (click to enlarge)
Click to Enlarge Name: gushort4.jpg Size: 115 KB
  • #1,367
  • Jul 12, 2010 10:40am Jul 12, 2010 10:40am
Quoting kodziro
Hi.

I use both on 4h.
Next time try to enter direcly at 4h ppa line. It give you advantage. For example you could scalp around 10 pips and then when you see pa go short again but with no risk. I shorted later too with suday`s low and it gave me nice place for cover.

edit: I went short at 5080 ( imortant ppa tested 4 times )
Hi Kodziro.
Have you shorted on TF4 hrs or 15 min?
  • #1,368
  • Jul 12, 2010 10:53am Jul 12, 2010 10:53am
Quoting kodziro
Hi.

I use both on 4h.
Next time try to enter direcly at 4h ppa line. It give you advantage. For example you could scalp around 10 pips and then when you see pa go short again but with no risk. I shorted later too with suday`s low and it gave me nice place for cover.

edit: I went short at 5080 ( imortant ppa tested 4 times )
Good short,

I just traded 2 scalping shorts on the last red after the rejection from 507 / 508, as you said. But I only got 30+ from this 2 trades. Hope you have it all from 508 down, a 80+ trade, great man

City
Attached Image
  • #1,369
  • Jul 12, 2010 11:13am Jul 12, 2010 11:13am
Quoting Fxfighter
Hi Kodziro.
Have you shorted on TF4 hrs or 15 min?
I short with PO there, but notice that later we got nice 15m pa.
  • #1,370
  • Jul 12, 2010 11:19am Jul 12, 2010 11:19am
I spent a moment yesterday before markets opened to draw a few lines on my GBP charts. I should have posted them then before price reacted, to them.. But anyway here you go .. I have only taken 45 pips today since 10:00 eastern shorted e/j at the 35 sma also was short a/u took 25 on e/j 10 on oz. grabbed a quick scalp long on the gbp from the 1.5000 mised that short off the 62 ema. Was watching the other two, Other trades will come.. Only need 20 a day for my equity building scheme.. actually someones elses but a nice compounding idea ...
Attached Image (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 349 KB
Good Trading To All ; Ken Lee
  • #1,371
  • Jul 12, 2010 11:42am Jul 12, 2010 11:42am
Quoting Buildcity
Good short,

I just traded 2 scalping shorts on the last red after the rejection from 507 / 508, as you said. But I only got 30+ from this 2 trades. Hope you have it all from 508 down, a 80+ trade, great man

City
Good job bro

Indeed it was good short, got around +60. I hope you are opposite now.

Cheers.
  • #1,372
  • Jul 12, 2010 11:48am Jul 12, 2010 11:48am
Quoting kodziro
Good job bro

Indeed it was good short, got around +60. I hope you are opposite now.

Cheers.
No mate, not that aggressive to play counter trend trade on GU just based on r/n.

Always enjoy to learn the analysis from you and Ken here.

Cheers
City
  • #1,373
  • Jul 12, 2010 12:10pm Jul 12, 2010 12:10pm
Here is that compounding idea , I think I posted it before but can't remember , Have CRS lately.. LOL. If you don't have $300 a nice $50 and trade a dime or ten pence I guess . or millikn pesos. or whatever. Then when you get to $300 you will be ready.

Just if you think about doing something like this rememebr you only need 20 a day. move stop to lock that in,. or take it. then look for more. Like today I got two days or 1 day and 1.5 possible losses in the bank. But it is all good . I will be using two accounts one will get the first 20 or whatever I make in gains on that trade. if I have a loss I will trade it till I get the 20 but only allow two losses per day on it.

Then once I lock in that 20 I will switch to the other if I want to continue trading . The second may out perform the first, who knows. But the goal is by the first of next year to have a nice fat trading account that 10% a month will pay the bills. Or 5% if they both end up with 30K.

But trading bigger accounts with less risk is the best way to trade. less stress and second guessing.

Don't undertake something like this litely , If your not maikng a average of 20 a day your not ready keep on demo. To do this and fail would not be nice . Stick to good money managemnet and trade management. But it is a good way to get a feel for trading with low risk.

Plus everyone has that pie in the sky thinking to winning at forex a little reality check might be good at little cost.

So it is your choice . But for me a worthy goal and challenge. But it is your choice and if tHis is a lot of money to you. Don't do it. start with less. Like I said 50 is plenty. One of my accounts was a old micro that was just sitting there with 66 dollars in it . So I started trading it at .15 a pip till I got it up to $300.00 took a month or so. maybe 2 . But once it hit .50 it went pretty quick.
Attached File(s)
File Type: pdf Forex_Freedom[1].pdf   93 KB | 1,253 downloads
Good Trading To All ; Ken Lee
  • #1,374
  • Jul 12, 2010 12:23pm Jul 12, 2010 12:23pm
Well said Ken,

In the old days I would not happy with lower than 50p daily, finally I really quick to blow my A/Cs. Today a 30p+ for me daily is a gift. All I have to do is to know how to compound this 30p starting form 0.1, 0.2, 0.3 and so on. Tks Ken,

PS - do you mind I share the PDF to the others?

Cheers
City

Quoting Kenneth Lee
Here is that compounding idea , I think I posted it before but can't remember , Have CRS lately.. LOL. If you don't have $300 a nice $50 and trade a dime or ten pence I guess . or millikn pesos. or whatever. Then when you get to $300 you will be ready.

Just if you think about doing something like this rememebr you only need 20 a day. move stop to lock that in,. or take it. then look for more. Like today I got two days or 1 day and 1.5 possible losses in the bank. But it is all good . I will be using two accounts one will get the first 20 or whatever...
  • #1,375
  • Edited Jul 13, 2010 5:49am Jul 12, 2010 12:29pm | Edited Jul 13, 2010 5:49am
Quoting Buildcity
Well said Ken,

In the old days I would not happy with lower than 50p daily, finally I really quick to blow my A/Cs. Today a 30p+ for me daily is a gift. All I have to do is to know how to compound this 30p starting form 0.1, 0.2, 0.3 and so on. Tks Ken,

PS - do you mind I share the PDF to the others?

Cheers
City
Not at all anything I post is for everyone and anyone.
Good Trading To All ; Ken Lee
  • #1,376
  • Jul 12, 2010 5:49pm Jul 12, 2010 5:49pm
Asian Drift / drifts up sometimes ..
Attached Image (click to enlarge)
Click to Enlarge Name: a u 1.jpg Size: 356 KB
Good Trading To All ; Ken Lee
  • #1,377
  • Jul 12, 2010 5:59pm Jul 12, 2010 5:59pm
Basiclly we look for a level to be our entry/line. Like the double bottom or the 61.8% fib level both are classic entry points. Stop beyond those lines. Entries and hold.

Slow day equals small gains though but still gains.
Good Trading To All ; Ken Lee
  • #1,378
  • Jul 12, 2010 8:58pm Jul 12, 2010 8:58pm
have some chnels on e/j hrly is about 100 pips wide daily is about 500. Took a short off the top for another 20. entry was early as well as exit..hehe but got another 20 towards goal.
Attached Image (click to enlarge)
Click to Enlarge Name: a u 2.jpg Size: 191 KB
Good Trading To All ; Ken Lee
  • #1,379
  • Jul 13, 2010 4:22am Jul 13, 2010 4:22am
Quoting Kenneth Lee
Here is that compounding idea , I think I posted it before but can't remember , Have CRS lately.. LOL. If you don't have $300 a nice $50 and trade a dime or ten pence I guess . or millikn pesos. or whatever. Then when you get to $300 you will be ready....
What do you think about 5 trades for 4 pips? I mean if you use all what has been said by EO and in this thread, then even if you are not such an expert about that system and you are sometimes wrong, you could grab those 4 pips...
  • #1,380
  • Jul 13, 2010 5:46am Jul 13, 2010 5:46am
Quoting aljosas
What do you think about 5 trades for 4 pips? I mean if you use all what has been said by EO and in this thread, then even if you are not such an expert about that system and you are sometimes wrong, you could grab those 4 pips...

There are many ways to attack the issue. If you truly can't do anything but scalp you could still do it, But I believe anyones true goal should be to learn to trade different styles.

Some of the best traders I have seen here or elsewhere are the ones that can hold a trade as well as scalp a 1 or 5 min chart just as well when the need arrises. Check Wormboys thread he is good at both .. But I can't bring myself to using those huge stops.

I still like the idea of entering off a scalping signal and when it is aproprate hold as a position trade. That is how the way Robert who wrote that pdf teaches as well. He has pdf's showing scalping to make those 20 pips but if a scalp breaks a previous swing . His system is to move the stop and let it run.

I have come to the believe that maybe that training should be high on the list of priorities. I am sure that is why J16 stresses long term trading before he teaches quicker. To move the other way is hard to do.

anyway I am looking at it if I am up positive pips I want at least the 20 .. AT LEAST. But if it turns back I don't want negative. No need in having to make up losses.

My two cents.. Good luck Ken
Good Trading To All ; Ken Lee
23 traders viewing now