Ken's Continuing Successes with EO's system | Page 113 | 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

  • #2,241
  • Oct 28, 2010 1:02pm Oct 28, 2010 1:02pm
Here's the second chart. If you weren't in from the previous 35/50, you would have been looking to take this one short because of the strong green candle that closed through both MAs.

Personally I took a short after the red pin and closed it out for a few pips loss. Being at the top of the range I saw this as a good R:R trade and I would take it anytime. I think the most important thing is to notice how price reacts right around this area. Even after price managed to get above the 35 pip point from where the 35SMA was when the signal candle closed, it has yet to close 35 pips above where the current 35SMA is. We're also right near the 50MA on the 4H, a TL, S/R, and the weekly pivot so of course I'm still looking for a short.
Attached Image (click to enlarge)
Click to Enlarge Name: 3550 example 2.png Size: 25 KB
  • #2,242
  • Oct 28, 2010 1:05pm Oct 28, 2010 1:05pm
that I am bugging you, but I've just come on your interesting tread ....
and I have a problem to download your ZIP file from 1st post, and PDF file 2???
I do not know why ????
did try many times but in vain....
any idea ???
help ???

cheers
  • #2,243
  • Oct 28, 2010 1:08pm Oct 28, 2010 1:08pm
I like your statement and BIG TRUE " TRADE WHAT YOU SEE, NOT WHAT YOU EXPECT "( or think)....!!!

that's is alfa & omega in trading !!!

cheers
  • #2,244
  • Oct 28, 2010 1:19pm Oct 28, 2010 1:19pm
Okay here's the 3rd chart.. This is not a true EO 35/50 reverse trade but it goes along with what I'm trying to say -- that the "35 pips from the 35" concept behind the 35/50 trade is more important than the 35/50 setup itself.

Here we get a weak close across the 35/50. It is not a momentum candle and there's definitely no momentum until the following candle. But, if you looked for a short somewhere between the cross and 35 pips below the cross you would have done pretty well. We got a pinbar that closed right on the 35 pip line after showing rejection off the bottom of the range.

Okay so a lot of blabbering here.. My main point is that the 35/50 is probably best looked at as a "concept" and not as a "setup". The 35 pip range can help give a lot of confluence to other signals, especially candlesticks that show rejection. Also, the 35 pip range can help keep us out of trouble when looking for continuation trades -- when clearly ranging, we probably don't want to enter a breakout trade unless price has closed beyond it.
Attached Image (click to enlarge)
Click to Enlarge Name: 3550 example 3t.png Size: 25 KB
  • #2,245
  • Oct 28, 2010 1:36pm Oct 28, 2010 1:36pm
Quoting argon
that I am bugging you, but I've just come on your interesting tread ....
and I have a problem to download your ZIP file from 1st post, and PDF file 2???
I do not know why ????
did try many times but in vain....
any idea ???
help ???

cheers
Will check it out a s soon as I can , But haven't had anyone else having issues. But will see, But stepping out now .. Cheers
Good Trading To All ; Ken Lee
  • #2,246
  • Oct 28, 2010 1:46pm Oct 28, 2010 1:46pm
Quoting Kenneth Lee
Will check it out a s soon as I can , But haven't had anyone else having issues. But will see, But stepping out now .. Cheers
have downloaded PDF somehow, but not the ZIP though....

thanks for prompt answer

cheers
  • #2,247
  • Oct 28, 2010 1:49pm Oct 28, 2010 1:49pm
Quoting argon
have downloaded PDF somehow, but not the ZIP though....

thanks for prompt answer

cheers
to tell you that I can download the ZIP, but my PC (WIN RAR), always says :
unknown format or damaged file....unable to extract.....

cheers
  • #2,248
  • Oct 28, 2010 2:11pm Oct 28, 2010 2:11pm
Hey,

It sounds like your computer doesn't have anything on it that can unzip files that are in "zip" format. "Rar" is a different compressed format so an unrar program probably won't beable to do it. I don't use windows so someone else might be able to chime in but I've heard of "Win Zip" before, I believe it's free, you could try looking it up on google and seeing if there is a free download link.
  • #2,249
  • Oct 28, 2010 2:30pm Oct 28, 2010 2:30pm
Quoting argon
to tell you that I can download the ZIP, but my PC (WIN RAR), always says :
unknown format or damaged file....unable to extract.....

cheers
If you are using XP right click on it and select open with then Compressed ( zipped) folders.
  • #2,250
  • Oct 28, 2010 7:37pm Oct 28, 2010 7:37pm
I got in at 112.97 on E/J, I'm almost 100% sure kodrizo was right there with me on this one. I don't know if this is the top or not but I think it was a good R:R entry and it's an easy one to cover and let run. I'll post a chart of it in a little while, I think the 112.97 area is very interesting because thats right where we saw the US session reject off after that last 35/50.
  • #2,251
  • Oct 28, 2010 9:28pm Oct 28, 2010 9:28pm
Quoting dr mongolia
I got in at 112.97 on E/J, I'm almost 100% sure kodrizo was right there with me on this one. I don't know if this is the top or not but I think it was a good R:R entry and it's an easy one to cover and let run. I'll post a chart of it in a little while, I think the 112.97 area is very interesting because thats right where we saw the US session reject off after that last 35/50.
Here's the chart, we got rejection off the previous US session high.. I took some off at the previous US session low and the previous London session low, then once we broke under the London session low and re-tested I added back on to my full position.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy example.png Size: 28 KB
  • #2,252
  • Oct 29, 2010 12:01am Oct 29, 2010 12:01am
I took that short also , but since I had to work my Total TP was right above the 112.40 area .. hate a loss by tp being a bit lower rather take the higher out..

Great trade guys,.,
Good Trading To All ; Ken Lee
  • #2,253
  • Oct 29, 2010 1:13am Oct 29, 2010 1:13am
Nice ping pong range on ej as well now. Only playing it south though, might push further down. We'll see what Frankfurt players want.
  • #2,254
  • Oct 29, 2010 1:48am Oct 29, 2010 1:48am
Quoting dr mongolia
Hey,

It sounds like your computer doesn't have anything on it that can unzip files that are in "zip" format. "Rar" is a different compressed format so an unrar program probably won't beable to do it. I don't use windows so someone else might be able to chime in but I've heard of "Win Zip" before, I believe it's free, you could try looking it up on google and seeing if there is a free download link.
but even Win-Zip can not open this file....nor XP Ziped folders....

I just don't get it ??? what's wrong ???

cheers
  • #2,255
  • Oct 29, 2010 2:23am Oct 29, 2010 2:23am
Here is my ej 15 min fxpro chart and my ibfx chart (demo)

Fxpro is the pin, ibfx is the engulfing

Got a nice gap on eu as well on fx. Anyone else got that?
Attached Image (click to enlarge)
Click to Enlarge Name: fxpro.png Size: 15 KB
Attached Image
  • #2,256
  • Oct 29, 2010 2:59am Oct 29, 2010 2:59am
Quoting Storeball
Here is my ej 15 min fxpro chart and my ibfx chart (demo)

Fxpro is the pin, ibfx is the engulfing

Got a nice gap on eu as well on fx. Anyone else got that?
Wow, that FX Pro feed is pretty suspect.

Alpari and Oanda were both clear engulfing patterns as well.
  • #2,257
  • Oct 29, 2010 3:00am Oct 29, 2010 3:00am
Quoting dr mongolia
Here's the chart, we got rejection off the previous US session high.. I took some off at the previous US session low and the previous London session low, then once we broke under the London session low and re-tested I added back on to my full position.
Nice entry bro http://cdn.forexfactory.com/images/icons/icon14.gif, also ride only to 112.40 area like Ken but hey with sl = 10 that give me R:R ratio about 1:5
112.97 was critical area got there htf major MA weekly pivot and when we swich to 4h we see how candle respect this pivot line
  • #2,258
  • Oct 29, 2010 3:11am Oct 29, 2010 3:11am
Quoting argon
but even Win-Zip can not open this file....nor XP Ziped folders....

I just don't get it ??? what's wrong ???

cheers
Hi.

Very strange, try with this one .
Attached File(s)
File Type: zip Trade What You See.zip   2.5 MB | 563 downloads
  • #2,259
  • Oct 29, 2010 3:22am Oct 29, 2010 3:22am
Quoting argon
but even Win-Zip can not open this file....nor XP Ziped folders....

I just don't get it ??? what's wrong ???

cheers
Hi all frnds. Have been lurking around this excellent thread for sometime without much contribution. Here is my contribution

Argon your problem has nothing to do with the file itself. Its almost certainly a incomplete download problem. Is your connection slow? The file isnt completely getting downloaded to your computer. Delet the file you have downloaded and download it again. If that doesnt help try using a different connection. If that doesnt work, try using a different browser. Hope that helps
Making money is easy- Just dont take losing trades
  • #2,260
  • Oct 29, 2010 3:38am Oct 29, 2010 3:38am
We're all getting better at getting the charts up so will keep trying to do my bit. First trade today. Although it had moved a lot, I didn't feel much risk at all in this. As Ken says, we are ordinarily looking for moves between support and resistance areas and this move hadn't made it yet so felt there was comfortably more pips to make on it's big move south.

This was a "5.00 somewhere bounce" style trade from the manual, with confluence, they should be the easiest trades to spot and to take.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 131 KB
0 traders viewing now