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Ken's Continuing Successes with EO's system

  • #1,881
  • Oct 5, 2010 2:40am Oct 5, 2010 2:40am
Morning ken

Could you please post your template?

Thanks

WFX
  • #1,882
  • Oct 5, 2010 2:43am Oct 5, 2010 2:43am
Quoting Storeball
Thats very interesting. Out of 10 trades how many of those would you say are taken by the touch, and not by candlestick confirmation?

More than I should.. because when I take a touch I tend to think scalp and quit to soon. Like last night . I took the 200 sma on a touch , But it was a engulfing signals as well closing right at the top of the range. Then there were two more trades I took on a touch one a retest of that range top , it had a hangman signal you could enter off and then a retest of the 50 ema . I took which had another hangman.

Waiting for the signals is always good as it provides the proof and as you can see very little was lost by waiting for those to print.

So I would say most should wait for the signals as they are there and give you a better indication of what will happen. Plus most people need more to trade off until they learn the levels .. all those entries were within a trading zone all be it a small swing .
Good Trading To All ; Ken Lee
  • #1,883
  • Oct 5, 2010 2:45am Oct 5, 2010 2:45am
Haha Ken,

Last night (my time at US 2nd session) I entered my long tradeS.... on EJ just above the solid ground 114.00 and gave those a mini stop loss at 113.9X, and TP at 114.5x. then slept.

Well, this morning all SLs..... were hit and jumped to my TP a bit later on. Well this is what trading is.

PS - those your posts are very practical from a real trader, thank you.

Happy trading
Eric



Quoting Kenneth Lee
chart

The Line that is drawn across your chart following price . can give you such insight. Especially when i am just trolling ( Looking at pairs I don't study alot) I can see possiblitis in a blink of the eye. But it isn't jumping it is seeing what is there and trading because of it not inspite of it.

The learning to SEE clearly is the key. Then just like driving you start doing the right thing without thinking. I wrote one time that trying to teach trading by writing was like trying to teach driving by text , Think of all the different problems...
  • #1,884
  • Oct 5, 2010 2:46am Oct 5, 2010 2:46am
Quoting wickstedFX
Morning ken

Could you please post your template?

Thanks

WFX
You asked for that yesterday and I replied I don't have a template.. None is need for this type trading.. Sorry ..
Good Trading To All ; Ken Lee
  • #1,885
  • Oct 5, 2010 2:50am Oct 5, 2010 2:50am
Quoting Buildcity
Haha Ken,

Last night (my time at US 2nd session) I entered my long tradeS.... on EJ just above the solid ground 114.00 and gave those a mini stop loss at 113.9X, and TP at 114.5x. then slept.

Well, this morning all SLs..... were hit and jumped to my TP a bit later on. Well this is what trading is.

PS - those your posts are very practical from a real trader, thank you.

Happy trading
Eric
I thank you sir,, But I also read your Journal and know that you have found your way through this maze as well. It doesn't matter how you extract your gains only that you do. I like you lean more towards scalping than long term but continue to try and become at least acceptable at both.


Happy Trading to You Ken
Good Trading To All ; Ken Lee
  • #1,886
  • Oct 5, 2010 2:57am Oct 5, 2010 2:57am
classic trade pullback after breakout, PO at ppa usually good at least for scalp ( always expect price reaction there )
Attached Image (click to enlarge)
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  • #1,887
  • Oct 5, 2010 2:57am Oct 5, 2010 2:57am
I want to add something here , don't want everyone going off and start entering right off every dang line. It is better to always try those trades with the trend .. Look at the gbp now great level . uptrend ofcourse. retraced to yesterdays high I also have a 4 hr s/r ppa line right there drawn 6 months or older. a touch for me but also a hammer. or pin .. But I might grab only the 20 or so and be happy with it.


BUt just becareful not every trade is a touch so many people lose money trying to follow those that enter right off levels as they see levels everywhere.

I am always repeating for everyone to mark your charts especially ones you don't trade and then go back days or weeks later just to learn what to look for.. Just thinking you read something once your a expert is not learning..

It is a process and takes a bit of time.. Any system is that way and it is one reason most fail. They don't really try to learn.. Home work required..


Trade Safe,, Ken
Good Trading To All ; Ken Lee
  • #1,888
  • Oct 5, 2010 3:02am Oct 5, 2010 3:02am
Quoting kodziro
classic trade pullback after breakout, PO at ppa usually good at least for scalp ( always expect price reaction there )
Nice eye.. Funny i was typing about it while your posting the chart ..
Good Trading To All ; Ken Lee
  • #1,889
  • Oct 5, 2010 3:06am Oct 5, 2010 3:06am
Quoting kodziro
classic trade pullback after breakout, PO at ppa usually good at least for scalp ( always expect price reaction there )
That area was so well defined even I had a po there however had it at .5858 so missed it by a coupple of pips. Got in on the 15min hammer though so all good.
  • #1,890
  • Oct 5, 2010 3:13am Oct 5, 2010 3:13am
Morning Ken

What MAs are you using?

Thanks

WFX
  • #1,891
  • Oct 5, 2010 3:14am Oct 5, 2010 3:14am
Well I chickened out at 1:1. Have had so many break evens today that I wanted to bank some profit Probably will go to the swing high there..?

Wicksted its all in the pdf man, on page 1.
  • #1,892
  • Oct 5, 2010 3:17am Oct 5, 2010 3:17am
Quoting wickstedFX
Morning Ken

What MAs are you using?

Thanks

WFX
Mate, pls go through Ken's 1st post PDF. You will get all the answers.
  • #1,893
  • Oct 5, 2010 3:20am Oct 5, 2010 3:20am
Well I am off for a bicycle ride.. Trading and life is a ballance.

Nice one Storeball.. Profits are always good.

Catch you guys and gals later..
Good Trading To All ; Ken Lee
  • #1,894
  • Oct 5, 2010 3:23am Oct 5, 2010 3:23am
Quoting Kenneth Lee
Well I am off for a bicycle ride.. Trading and life is a ballance.

Nice one Storeball.. Profits are always good.

Catch you guys and gals later..
Thanks. Enjoy! Wear a helmet
  • #1,895
  • Oct 5, 2010 3:27am Oct 5, 2010 3:27am
Quoting Kenneth Lee
Well I am off for a bicycle ride.. Trading and life is a ballance.

Nice one Storeball.. Profits are always good.

Catch you guys and gals later..
Cheers Ken, as always
  • #1,896
  • Oct 5, 2010 3:30am Oct 5, 2010 3:30am
Quoting Storeball
Thanks. Enjoy! Wear a helmet
So many pips are falling.........
  • #1,897
  • Oct 5, 2010 3:34am Oct 5, 2010 3:34am
Quoting Storeball
Well I chickened out at 1:1. Have had so many break evens today that I wanted to bank some profit Probably will go to the swing high there..?

Wicksted its all in the pdf man, on page 1.
Sometimes price is like to get back to level of reaction, so booking profit and set to BE is always in option, reenter at this level also.
  • #1,898
  • Oct 5, 2010 3:49am Oct 5, 2010 3:49am
Quoting kodziro
Sometimes price is like to get back to level of reaction, so booking profit and set to BE is always in option, reenter at this level also.
Look like a flag pattern forming now. Whatcha think guys? Another breakout long would sure be nice

Eu looks ready to pop as well. Maybe we'll see them consolidate until news later..
Attached Image (click to enlarge)
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  • #1,899
  • Oct 5, 2010 4:39am Oct 5, 2010 4:39am
Quoting Storeball
Look like a flag pattern forming now. Whatcha think guys? Another breakout long would sure be nice

Eu looks ready to pop as well. Maybe we'll see them consolidate until news later..
Yes it would be nice, area 5865 again react maybe this time got some bigger upper move, will se
  • #1,900
  • Oct 5, 2010 5:48am Oct 5, 2010 5:48am
Quoting Storeball
Look like a flag pattern forming now. Whatcha think guys? Another breakout long would sure be nice

Eu looks ready to pop as well. Maybe we'll see them consolidate until news later..
Anyone got in? The gu was to messy for me so stayed out, the eu was nice though, took the retest. Closed for 17pips pretty early as its at the top of a trend channel and on resistance at 4h. Should be another opportunity if it can break past that.
Attached Image (click to enlarge)
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