Ken's Continuing Successes with EO's system | Page 98 | 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

  • #1,941
  • Oct 7, 2010 9:08am Oct 7, 2010 9:08am
Quoting dr mongolia
It started breaking while I was typing that; I'm closing out here +40, I'll go back long if it gets within 5 pips of the bottom of the rectangle and holds. Looks like we're going to be in the same range as early yesterday.

EDIT: Looks like I might have missed the chance to go back long .. Oh well, I guess that's how it happens. Just frustrating to see everything play out and still not execute correctly, especially when you see how Infinity does it constantly in the other thread. Who knows, maybe it'll actually breakout back down and save...
This short was nice. My 4h candle close under ppa 115.28, so it was nice chance for short there. Also got main TP with lower ppa line 114.60 and went long there on it also.
Attached Image (click to enlarge)
Click to Enlarge Name: ejppa.jpg Size: 160 KB
  • #1,942
  • Oct 7, 2010 9:19am Oct 7, 2010 9:19am
I'm a .. So still waiting.. but looks like the long is ready to go, PPA stopped the move dead in its tracks

EDIT: (On E/J)
  • #1,943
  • Oct 7, 2010 9:27am Oct 7, 2010 9:27am
Quoting Kenneth Lee
Some levels that have been coming into play on the GBP latelly,
It is the time and area for us to play this mistress---G/U
Dancing with Candlesticks
  • #1,944
  • Oct 7, 2010 9:33am Oct 7, 2010 9:33am
Quoting dr mongolia
I'm a .. So still waiting.. but looks like the long is ready to go, PPA stopped the move dead in its tracks

EDIT: (On E/J)
Big volume spike as demand came in, bit of a scrap taking place now but hopefully the bulls will triumph.
  • #1,945
  • Oct 7, 2010 9:36am Oct 7, 2010 9:36am
Yeah I entered once the current candle passed the previous doji candle.. its showing really strong support at that area, and it's a critical area, so I think it's a safe entry
  • #1,946
  • Oct 7, 2010 9:52am Oct 7, 2010 9:52am
I took A/J long too.. We have a pin on the 15M, trendline on the 4H, and strong support area
  • #1,947
  • Oct 7, 2010 9:55am Oct 7, 2010 9:55am
Quoting Buildcity
Hi Ken,

tks for the tips, actually, took 2 scalping long on these 2 greens, just above the minor PPA (blue line)
http://cdn.forexfactory.com/images/icons/icon14.gif my favourite scalp trade pullback to hh/ll of range after 1h candle close above/under it
  • #1,948
  • Oct 7, 2010 10:08am Oct 7, 2010 10:08am
Quoting dr mongolia
Yeah I entered once the current candle passed the previous doji candle.. its showing really strong support at that area, and it's a critical area, so I think it's a safe entry
  • #1,949
  • Oct 7, 2010 10:12am Oct 7, 2010 10:12am
Quoting dr mongolia
Waiting to see what it does here -- retest of break and continue? Or reverse? It's been all down since the London open.. and the close is in about 45 minutes, so I'm thinking we'll probably see at least some pullback
  • #1,950
  • Oct 7, 2010 10:31am Oct 7, 2010 10:31am
Quoting dr mongolia
Waiting to see what it does here -- retest of break and continue? Or reverse? It's been all down since the London open.. and the close is in about 45 minutes, so I'm thinking we'll probably see at least some pullback
Hard luck. Am out BE on GU. Next setup please.
  • #1,951
  • Edited 10:56am Oct 7, 2010 10:35am | Edited 10:56am
i just put my gu short to be, if we break this ppa on 1h i think we'll see come down to 5890, will probably be a good possible long from tl and 62.

im looking at ej as well now, htf tl and ppa.

edit gu: Bleh i closed out my short on gu for +11 was stalling to much for me and during london close price tends to be irratic.
Attached Image (click to enlarge)
Click to Enlarge Name: gu15min.jpg Size: 110 KB
  • #1,952
  • Oct 7, 2010 10:44am Oct 7, 2010 10:44am
heres my 1h ej.
Attached Image (click to enlarge)
Click to Enlarge Name: ej1h.gif Size: 30 KB
  • #1,953
  • Edited 11:03am Oct 7, 2010 11:02am | Edited 11:03am
I'm waiting on E/J to get above the 15M 10EMA before I'll go long on it again.. I'm still long on GU from the retest of the range, if it breaks below the range I'll reverse.. Still long on A/J as well, I'll close this one if it continues to stall
  • #1,954
  • Oct 7, 2010 11:09am Oct 7, 2010 11:09am
Quoting dr mongolia
I'm waiting on E/J to get above the 15M 10EMA before I'll go long on it again.. I'm still long on GU from the retest of the range, if it breaks below the range I'll reverse.. Still long on A/J as well, I'll close this one if it continues to stall
im holding it in on ej as well, lets see where this cluster on 15min breaks.
  • #1,955
  • Oct 7, 2010 11:34am Oct 7, 2010 11:34am
Quoting Storeball
im holding it in on ej as well, lets see where this cluster on 15min breaks.
Good thing we didn't bite earlier on that one. I reversed on GU once it broke back into the previous range, waiting to see what happens now.. Might get the 4H 50MA?
  • #1,956
  • Oct 7, 2010 11:35am Oct 7, 2010 11:35am
Today feels like "trading licks" with the market.. Win, Lose, Win, Lose.. I guess thats how it goes sometimes.
  • #1,957
  • Oct 7, 2010 11:40am Oct 7, 2010 11:40am
Quoting dr mongolia
Good thing we didn't bite earlier on that one. I reversed on GU once it broke back into the previous range, waiting to see what happens now.. Might get the 4H 50MA?
Nice short man! Should've held onto my original plan and held onto the short afterall Hindisight trading is allways the best.

On gu i got it hovering on 4h support now, but with that momentum it just might break through in which case i'll be looking for a retest to tag along.
  • #1,958
  • Oct 7, 2010 11:48am Oct 7, 2010 11:48am
Thanks, it was mainly to recoup my losses on the long but the reverse turned out better than expected. I'm definitely not married to this position though -- we just saw a higher high on the 4H/Daily earlier.. I'm looking for another chance to reverse, because I think it'll finish the day higher.

I'm also looking at A/J again right now. I got stopped out for 20 pips a little while ago trying to go long, but I'm considering another long now. If you look at the 4H/1H it just made a higher high, and the current PA bounced off of the 61.80% fib level. It's also right above a strong support level with some nice PPA.
  • #1,959
  • Oct 7, 2010 12:04pm Oct 7, 2010 12:04pm
yeah tried a long on the gbp off that line . then noticed the all short signs.. little pissed today . had a short e/j last night missed my TP by 1/2 a pip then got stopped on my trailing stop on that spike at 8:30..

Oh well welcome to the wackey world of trading..
Attached Image (click to enlarge)
Click to Enlarge Name: 1ab.jpg Size: 202 KB
Good Trading To All ; Ken Lee
  • #1,960
  • Oct 7, 2010 12:07pm Oct 7, 2010 12:07pm
Quoting dr mongolia
Thanks, it was mainly to recoup my losses on the long but the reverse turned out better than expected. I'm definitely not married to this position though -- we just saw a higher high on the 4H/Daily earlier.. I'm looking for another chance to reverse, because I think it'll finish the day higher.

I'm also looking at A/J again right now. I got stopped out for 20 pips a little while ago trying to go long, but I'm considering another long now. If you look at the 4H/1H it just made a higher high, and the current PA bounced off of the 61.80% fib level....
aj spread is to wide for my taste at my broker.

Stole a quick one out of eu. Exited when it started to reverse on 200ma.



(using jing hope it shows ok)
Attached Image
1 trader viewing now