Ken's Continuing Successes with EO's system

Good reading material Mr Lee, every bit of information like this helps make things more and more clear...

One of the worse Asian sessions ever no movement at all.. Oh well maybe tomorrow will be better ..

Hi Ken,

Can you please advise how you confirm if its already form higher high or higher low ?

Thanks n Regards,

here is a chart showing swings life spans and some reversals and what to look for. As I have said over and over I am more interested in lower highs for shorts and higher lows for longs. If you have to wait for a confirmation of the second swing you don't normally lose a lot . unless of course your trading both swings.

If it is still unclear maybe you can point out a area that needs clarifacation..

Ken

PS this aud/jpy 15 min. But same holds trued for any time or pair.

same chart how I look at them . Try adding fibs as well and gets even clearer.

Hi Ken,

Thanks for your reply.

sorry to bother you about the confirmation. But still I need to know, how you ensure that its really a higher low or lower high.
Do you confirm once there is a bullish candle (for lower high) or a bearish candle (for higher low) ?
and where is your entry ?

here is the picture, maybe can make clear of my question :
http://i38.tinypic.com/260u3if.jpg

Thanks,

chart does this help ??? if not ask again..

I will respond to this chart later .. sleepy now

Hi Kenn,
Congra.to 100 pages your great thread.It is RN and I am long anyone else with me?
FX

Hi Ken,

I have added a few questions to your screenshot too. The most important question for me is how do you determine the exactly turning point of a LH or HL (example at the left side of the screenshot). I know it's all about confluence and in this case it's easy to see because your "another lower high" is at a trendline and probably at the 50% fib. But what about the two cycled areas? The first one is a pin which was recected by a resistance which was support before. The second cycle shows a shooting star probably at the 38% fib. This means I can also see confluence there.

Hi Ken,

thanks for your help and explanation.

I got a few question regarding the candle stick pattern. It is only engulfing or we can assume pin bar also can be use ?

below is my question based on the chart. I point 2 yellow circle that I indicated you will open another short. It is true ?


Thanks,


http://i38.tinypic.com/5a2h76.jpg

100 pages.... congratulations Ken!!!!

here is a quick response. I can see that this needs more attention i just don' have time now. FX ,, the pdf has all the entries signals we use . not just engulfings. But it is more important to learn to read Price action (what price is doing at different levels) than any one entry signal. The scond pdf is mine and more imforvative the first is postings from EO's thread. If you read the second PDF then look at the Flashcard download you can see what we are looking for at different entry levels.

Great stuff ken and congrats on 100 pages! Hopefully at the very minimum it will continue for a houndred more!

Dont have internet connection atm so cant trade. But currently i'm rereading Think and Grow Rich by Napoleon Hil wich I see is also one of Kens favorites, and the book is truly pure gold! Definately recommend it to anyone with an interest in accumulating riches

The last couple of questions have brought home the continuing problem of why do people even try to trade . I understand and have acknowledged the reason I am not as successfull as I want to be.

But when I get questions like the the ones I have got lately it makes me always wonder why waste your time if your not even going to try and understand something you want to change your life.

I hate to be critical of those few asking questions but when it is obvious that there has been no reading of all the material that was put into the pdf on the first page. I wonder if I should respond at all.

The pdf outlines in order the trades we take and all the different candlesticks we use for entries. It shows where within the Price Action cycle those signals will be most successfull. There are data sheets on all the candlesticks plus charts.

The second thing is that most of the signals start out WITH THIS FIRST !

line : Market is characterized by a up or downtrend.

So a bunch of pins at the bottom of a trend does not a short signal make. These are very basic and very old ideas, Not mine but ones that have been around forever. To not learn the very basics of what we are looking for is not doing us any good.

It is the same reason I don't talk much about the MA trades as single ideas anymore . So many people miss understand and think those trades are taken any time price gets near a certian MA. I placed at the beggining of my PDF a drawing of a price action cycle showing the different areas and the corresponding trades for those areas.

Then within the PDF the trades are listed as to what different ares they are looked for. The MA's are nothing but a quick way to notice that a possible trade is in the making.

It is just like the most important thing about a reversal and confirmation. It is the fact we have hit a area of S/R - PPA that is major. I put to much on that chart but during a ranging market all those reversals and swings happen and can be used.

But the first and foremost thing is knowing your levels of interest of daily , 4 HR and 1 Hr charts. If you know what your looking at you can see 1 hr levels on your 15 min. But in the beggining look at the 1 hr. You can find and layout this areas on your charts during none trading hours over the weekend is good.

I haven't been trading my GFT account latelly. But I opened it up friday and lines I but on it over 5 or 6 months ago were in play. It just confirms everything I try and show you guys.

If you don't do anything else with trying to learn do that. Open your daily chart draw your S/R-PPA lines mark them in red. Open your 4 hr and do the same mark them in white. The hrly I don't mark as I always have a 1 hr chart open with my 15 min. Then save it.

Then even if you don't take the trades near those levels you will start to see the interaction of price at those levels. This is why people get kinda bitchy about teaching things.

I remember EO and Infinity. Giving Call signals on different levels. Then would come back the next day and ask how many were in the trade . Almost always it was none or very few and that was what everyone wanted a signal service.

That is what those levels are they are your own signal service. But even if soemone gives you a entry price YOU have to learn what to see to enter. That is what I try and show you.

But those that are trading well don't hang around long as they find it distracting to try and force people to learn things.

There is a PDF on the first page there also is a download site for the flash cards. That show trades One candle at a time.

When you are looking at any of that information open your charts and find those trade signals and price areas and start to understand how and why price is actiong the way it is.

Like we talked about Ponsi's book the other day and how large orders get entered in pieces to keep the price from moving to far away and the person trying to enter not getting the price they want on thier whole order . IF you look at your 1 hr you can see those piece meal entries . They are what gives us double and triple tops and may account for some head and shoulder signals.

But knowing that one small fact gives you a edge over those that don't know it. But if you don't find a way to retain some of this information . I don't know how you can make it..

This is the reason I have this thread it is my way of helping others and also to help me to stay on course. I KNOW what my issues are and they may not ever be conquered, But it has nothing to do with what I look for on my charts .

It is all about how I PERSONALLY interact with the market. We all have to find the thing that is holding us back from succeeding at these . That way at the very least we know what to work on. But if we are always jumping here and there and not understanding anything . We can never narrow it down to one or two issues that need fixed.

You hear it all the time the market did this my broker did that . Tough $#!+. It isn't the market or your broker it is your choices. yes things happen maybe you got slipped or whatever those things happen everyday in the other real world too. So get over it and do the best you can.

Sorry if this sounds like rambling but I just never have figured out how to get people to do thier part. Some believe that we teach because we can't trade . I like the other though. We teach the best what we want to learn the most. Plus I don't try and treach anyting complicated or confusing .

I am a very keep it simple kinda guy. If you know anyone that is wildlly successfull at this they will tell you to a person that trading is dead simple. Because the Holy Grail is and never will be a system it is and always will be how YOU react to the market.

Have a great weekend . Ken

chart

Hi Ken

If you find a free time try to read a book Awareness by Anthony De Mello.
Can be find in internet easily. ( let me know if you had a problem ) .


Cheers

Looks like this book has a lot of 5 star reviews on Amazon. Gonna have to read it. Too bad it's not available on Kindle.

Thanks for that Information I will give it a read, Thought I would repost this on self improvement. Looking forward to another great week.





http://cdn.forexfactory.com/images/icons/icon1.gif Change your life or laugh of the day
Good Morning All : I have been digging deeper into the Realm of affecting our own lives. The Law of Attraction changing our fate in life. So many of us go through life actualy believing that whatever happens is fate. That if something bad happens it would have happened no matter what we did because it was fate.

What if we can change our lifes with just a change in attitude. That is what is really required. After looking at all the sources I have seen and recieved from others over the last few years. I have finally started to come to understand the process that would be required to affect change in our life.

The first exspoure to any of this stuff was the movie : What The Bleep do We Know I was dragged to this movie by my wife at our alternative movie theater. It was entertaining but I never made the connection that I could affect my life with this information or I wasn't looking for change then.

Then next a couple of years later was :The Secret ; After watching it I was a bit more fired up about the possiblities and even started to use some of the ideas presented on the film. With some measusable relsuts. Making corporate meetings a lot more enjoyable. Dealing more positive with difficult costumers and minor issues like that. At the time I wasn't really trading just some on the side and never considered the possiblities as I was pretty happy where I was with my life.

Fast forward to today I am now trying to live off my trading and really enjoy it. The first thing I can ever remember that as a job I like. I also have studied hard and now have the pratical knowledge needed to trade successfully ( The Mechanics of Trading ).

But I look around the forums and I see just like myself there are a lot of people that have done thier due deligence to learn trading. But also seem to still lack that one component that would complete the transformation from struggling trader to the expert trader we want to be. What if the differennce between the 5% success and the 95% failures is in some part within this idea.
If you tell me how many pips you made in a day or session I could show you where you entered and took your profits and if you did where you added on. Almost everyone I know that has been around a while has know problem seeing the trades after trading is over. They also know the basics of trading.

But what also is clear is that most people are looking to make trading hard. They are not believing that it is easy. To make the kind of great returns they hear a few talk about has to be hard. It has been pounded in our heads our whole lifes . "Work Hard and You Will Succeed" . What if we just work smart instead and believe we are deserving to not have to struggle.

If you have been around a while you hear it all the time from the successfull traders. That trading is simple and down right boring and to them it is. They have gotten to the level that they don't stress over it . They know the moves and the adjustments required to make the correct choices.

Some unknowingly may have been using the law of attraction thier entire life and not even been aware of it. The underlining truth of the whole process is weither we want to or not we are affecting our lifes everyday by what our underlying feelings are. I say underlying because it is the constant feelings we have that choose the direction our lifes are taking. If we fell sick all the time probably are sick. If we feel abused all the time could be in bad relationships all the time.

But what if we are more or less happy and healthy. But we just don't really FEEL like we should be able to make money this easy or that being wealthy is a trait of genetics and our upbringing is not correct for that lifestyle. What if all we have to do is make the jump from thinking we are expert traders to believing we are and attaching the feeling that would come when we make one great trade after another. This is what the experts in this field say is the mechanics required to affect the change. We have to change our underlying feelings to the point that we believe in our soul that it is and has always been true.

The problem is that same statement how do we believe and feel something we have never acheived. That has always been my stopping point as well. I can Imagine myself in the lifestyle a expert trader would have. I can think positive and want to make change. But thinking positive or wanting is also admitting that we are lacking. Giving power to the negative.

So after seeing the two above films and watching them again latelly as they had been brought back into the daylight by MikeW. at F.F. and having known for a while that my troubles with trading were not the trading it was my underlying issues at question. I knew that right things to do. I know the entry signals I know how to mange the trades, I know when to take profit or add on. But I still can find myself making mistakes that a basic new trader would and at times have the feeling I am looking at myself as a observer with no control of the situation. I know it sounds crazy and I should have my head examined. But you also have to understand I have been wildly successfull in almost everything I have ever done with my life considering my background.

So this is when I decided to look into this idea a bit harder and try to unlock the mechanics of how to affect change in our own lifes. What steps to take how to make ourselves have those underlying feelings of success. Maybe it was my desire to make this leap of faith that has drawn all the information to me over the last week or so.

Because most of it is not new . I have had every bit of it but one for years. Plus it has been the assemblying the presented information into a single personal thought direction that may have been the turning point.

Also remember I am talking basiclly of my trading but these ideas and practices can be used to improve or change any quality of life issue. From relations to health or depression. Maybe you have a person you can't get along with at work. This will teach you how change that problem .

Just the power of understanding how we can affect our own lifes once you trully believe that you DO is by itself worth gold. If you did nothing else with this than understand that when something tries to affect your life that your response to that can make the difference of how you will feel the rest of the day is priceless. Just like the scene in the Secret where the woman hit her toe getting out of bed and the rest of the day was crap. But if it happened and you just admit it was a random accident and laugh it off , The rest of the day would be better. We see this everyday when we observe the HAPPY people we know they don't let things get them down . Their underlying feelings are Happy so that is primarly what they get in return.

Little story: This morning I was riding my bicycle around the island at one point. Some young guy comes driving along honking his horn and shooting the bird at everyone on the sidewalk . I didn't know this guy or can remember ever seeing him and he was doing it all the way down the street. I actually had the thought that I could take that personally and get mad about it or how he was acting but instead I just said to myself . He must have had a bad night and left it at that. Then continued on my way.

A bit further along on my ride I came to a cross street and there was a person trying to cross in front of me. They would start and I would start I would think to go behind them then they would stop so I would think go in front. We both kinda chuckled about it and both got acroos the street and exchanged pleasantries to each other. The instant feeling of happiness I felt from that 30 second interaction with that person was amazing.

It didn't change my life but I felt good for a little while about it. The whole thing could have been different. He could have been angry about me cutting him off Or I clould have gotten tired of his indesiveness. But it was a good moment.

It reminded me about a guy that used to come to McDonalds every morning for breakfast. He would come into the restraunt and break into a little 5 line song about good morning. You could just see the instant change in everyones face of how that small thing that cost him nothing had such a major impact on so many in a positive way. I am sure throughout his day with that attitude he was will recieved in everything he did.

So now what you say. I am going to give you some home work to change your life. You can do this or not . It will take you a full day probaly or a bit less. But if you can keep a open mind and absorb some of this information. If nothing else it can help you interact with others or it can be truly life transforming.

I would do the following In this order. Have a notebook or paper handy. When the major points in each video or spot in the pdf is reached. Write down the ideas they are making that could affect change in your life if you do them. You will see that there is really only 4 or 5 things to do. This will also help to renforce the major points. Plus by seeing them from all the difeerent sources. It adds credablity to everything.

One thing I have found is the aggreement that a little bit of your time each day is required, This helps to train your mind to these new ideas. But that once you start to have these underlying feelings become part of your daily lifestyle it gets easier. You will see that a statement will be used to help you achieve a certain mental state. Once your mind believes in these . Just the statement alone can affect change in your thought process. This should be very believable if you have ever watched a hypnotist. When they speak a word people can be made to do the wackest things.

We are doing nothing more than training our own minds to behave the same way. That we have planted a idea or a way to react to different things that will be in our best interest. That is key we are not wanting to do anything but help ourselves. To make the choices that are in our best interest.

Towards the end of your homework where you will actually start learning about how to do this in a practical way. The mechanics of it. It is important to understand that you may have a hard time seeing yourself already successfull or healthy or happy or in that perfect relationship. If you find yourself not being able to believe that you are already one of the above people. Then it is easyier to start by seeing a person you would like to be like. Then as you gain more control of your thoughts you just replace them with yourself . This will make a lot more sense if you complete the homework.

First I would have you to watch the movie : THE SECRET. It is a enjoyable film showing a bit of the background of he law of attraction. It is primarly interviews of people that are motivational speakers. With a small bit from People actually in the field teaching.

http://www.thesecret2u.com/

Second I would watch the movie : WHAT THE BLEEP DO WE KNOW. This is another film actually about 2 years before the secret. It gives you more factual information about how and why this can work. Shows the actual Phsyical aspects that happen to people . The information is delivered in a way that is understandable. It is interviews by Dr.s that primarly teach and are in the research fields of this subject. The interviews are intertwined with a story to help show the relationship of the information.

http://www.veoh.com/collection/s5357...155185bqn5hb6S




Third I would have you read the PDF : STRESS FREE TRADING. If your not into trading you could just skip to Section three. But I would read over the whole thing as if most stuff in life there are connections that can be made from any one activity to another.Plus it is only 100 pages.

PDF attached.. above or below.

Fourth I would have you to watch this Seminar by Athony Robbins. That is posted on MikeW. Thread at F.F. There are 17 parts each about 10 minutes long. It is a very good hands on aproach to how to make this stuff really work. Even just watching him at work you can't help but feel more happy and see a possiblity to change. Plus put together with the pdf information you should now have a very good understanding and direction to proceed with changeing your life.

http://www.forexfactory.com/showpost...1&postcount=57


Hope this helps many people to achieve their ultimate goals. Again this information isn't mine and has been passed around the internet for years , I am just trying to give it to you in a fashion that connects some of the dots and where you can possibly see a beggining.

Hope Everyone is having a great weekend. Ken

Attached Fileshttp://cdn.forexfactory.com/images/attach/pdf.gifEmotion_Free_Trading_Book.pdf (484.3 KB, 30 views)

Hi

I`m back to trading. Still busy so switched myself to a long term - fallow 4h mostly. I hope Ken don`t mind If i post some trades or some thoughts about trading here from time to time.

He`s my short u/ch.


Cheers.