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Ken's Continuing Successes with EO's system

  • #2,441
  • Nov 8, 2010 10:18am Nov 8, 2010 10:18am
Haha, Ken,

You got nothing loss, the market is just messy today.



Quoting Kenneth Lee
You can post whatever. Just don't slamm anyone elses views , Which you haven't. It is all about helping each other. Like talking of your trades and why and where you got in.

Think EO and Pippin are short off the 4 hr and last weeks close still holding as below major ma's on smaller time frames and making a new low on 4 hr. Maybe a view of things to come. Though most long term traders are predicting a major move back up.

Doesn't mean you can't make $$$ waiting for that move and there is always more than one entry . the second, most times has...
  • #2,442
  • Nov 8, 2010 10:25am Nov 8, 2010 10:25am
yeah , not much get a bit off the 50 ema , and last night off the 21 ema on E/J. I have said many times if you can't figure anything else out just trade away from the MA's they are where price will bounce more times than cross.

Here is a little chart of the GBP. 15 min But still shows a couple days data
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Good Trading To All ; Ken Lee
  • #2,443
  • Nov 8, 2010 10:29am Nov 8, 2010 10:29am
A lot of times I will just sit down at my computer and those red and white lines will not be on my screen , But the line that is the current price does go across. If I am at a MA I will look left to see if price has ever reacted here before . If I have a Line drawn no doubts will enter. If not will look for as much confluence as possible. If I see 2 solid or 3 or more weak reasons will still take it. If it is just a minor line, will wait for price to show me a signal. Pin or what not.
Good Trading To All ; Ken Lee
  • #2,444
  • Nov 8, 2010 10:40am Nov 8, 2010 10:40am
Example E/J 15 min.
Attached Image (click to enlarge)
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Good Trading To All ; Ken Lee
  • #2,445
  • Nov 8, 2010 10:42am Nov 8, 2010 10:42am
I'm usually on the hunt for a pair that's moving well. Ordinarily, if a few pairs are messy, there is still something moving and nice to trade. Today, nadda. All 5 of my pairs are a giant pot of crap.

Spent some of the weekend looking over the days I missed last week. Man, what a day Thursday was to trade. I hope some of you made some good pips then because the setups were just lovely.

Wish it had been like that today. I've kept my poxy gains from this morning and been stopped out BE twice again this afternoon. That's 5 times today....harumph!
  • #2,446
  • Nov 8, 2010 10:52am Nov 8, 2010 10:52am
and then of course.
Attached Image (click to enlarge)
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Good Trading To All ; Ken Lee
  • #2,447
  • Nov 8, 2010 10:57am Nov 8, 2010 10:57am
AUD/USD finally set a new US high.. should get a chance to go long on a retest soon..
  • #2,448
  • Nov 8, 2010 12:29pm Nov 8, 2010 12:29pm
Quoting dr mongolia
AUD/USD finally set a new US high.. should get a chance to go long on a retest soon..
..Or maybe we'll have an afternoon that is even slower then usual
  • #2,449
  • Nov 8, 2010 12:56pm Nov 8, 2010 12:56pm
Quoting dr mongolia
..Or maybe we'll have an afternoon that is even slower then usual
LOL.

Been at the charts 12 hours now, cannot believe that cable is still in the same 59 pip range it's been all that time.
  • #2,450
  • Nov 8, 2010 12:57pm Nov 8, 2010 12:57pm
I've been lurking this thread for some time now, lots of great information here guys and hopefully I'll be able to add some soon.
  • #2,451
  • Nov 8, 2010 2:03pm Nov 8, 2010 2:03pm
Quoting Trotty
LOL.

Been at the charts 12 hours now, cannot believe that cable is still in the same 59 pip range it's been all that time.
Yeah I would really love a chance to get in and cover before Asia but looking like it's going to happen.. I'm thinking we'll get some fireworks because it's wound up so tight
  • #2,452
  • Edited 4:52pm Nov 8, 2010 4:33pm | Edited 4:52pm
Quoting dr mongolia
Yeah trade was risky according to the daily but with the 50/50 setup I felt confident I'd atleast get room to cover. In regards to not trading against lower highs (Im guessing that's what LH means), do you not take the 50/50, 62/62 etc trades? Or you just wait for additional confirmation before jumping onboard?

They definitely pay out well although the 4H ones take much longer to turn.. like turning an aircraft carrier around I guess. The 15M/1H ones often turn on a dime. The right way to execute the 4H ones would probably be to wait for a close...
After lh/hl and out of the fibo zones I never jump right away at confluence levels always waiting for pa confirmation. I think that 15 min close above 10 ma is nice sing for reversal, only problem is at what level price will pullback after that ( to get best entry with tight SL ).
  • #2,453
  • Nov 8, 2010 9:38pm Nov 8, 2010 9:38pm
Hmmmmm
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  • #2,454
  • Nov 9, 2010 4:59am Nov 9, 2010 4:59am
One failed scalp on AU, one winning scalp on EJ and i'm just about up for the day, only just

Didn't find an easy way into these moves so hoping for some decent retracing soon.....

Tick, tock patience is king....
  • #2,455
  • Nov 9, 2010 5:24am Nov 9, 2010 5:24am
Quoting Trotty
One failed scalp on AU, one winning scalp on EJ and i'm just about up for the day, only just

Didn't find an easy way into these moves so hoping for some decent retracing soon.....

Tick, tock patience is king....
I`m not so good today also
Price just missed my short PO at 1.6165 ( gu ) by one pips, of course on different broker platform hit it.
I wonder if we break this level today.
  • #2,456
  • Nov 9, 2010 5:26am Nov 9, 2010 5:26am
Had a winning trade on short usd/chf today based on H4 candle didnt break higher ( candle body close) on the previous high wick

Also had a long profitable gbp/usd trade today based on H4 candle body didnt close lower than the lowest wick.

Currently on e/j and g/j longs
  • #2,457
  • Nov 9, 2010 6:14am Nov 9, 2010 6:14am
Quoting kodziro
I`m not so good today also
Price just missed my short PO at 1.6165 ( gu ) by one pips, of course on different broker platform hit it.
I wonder if we break this level today.
Hmmmm

1:1 (well, a little more) just grabbed off EU. I'll get the trade up later.

Took profit at the H1 MAs. Sometimes a difficult thing to do when she's moving that hard but you have to keep disciplined with those HTF mas. I can always re-enter if it breaks them.

My favourite trades are away from all MAs at once, love them trades
  • #2,458
  • Nov 9, 2010 6:26am Nov 9, 2010 6:26am
1h close beyond 1.6165 so jump for long there with this line
  • #2,459
  • Nov 9, 2010 6:38am Nov 9, 2010 6:38am
Quoting kodziro
1h close beyond 1.6165 so jump for long there with this line
A bit earlier than yours, 1.6155 jumped in, 1.5 hrs so far (finished shower and dinner), 1.618 didnt out, still look for around 1.62.......
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  • #2,460
  • Nov 9, 2010 6:40am Nov 9, 2010 6:40am
Quoting 168ipoh
Had a winning trade on short usd/chf today based on H4 candle didnt break higher ( candle body close) on the previous high wick

Also had a long profitable gbp/usd trade today based on H4 candle body didnt close lower than the lowest wick.

Currently on e/j and g/j longs
Hi

Got this short u/ch too with 0.9681 yesterday same reason as you ( 4h ib bars also help me to make decision )
Could you tell me where was your entry ( and SL ) at g/u after 4h try to close lower than the lowest wick ?
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