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Ken's Continuing Successes with EO's system

  • #2,621
  • Nov 11, 2010 9:17am Nov 11, 2010 9:17am
Quoting dr mongolia
LOL I usually don't even try to post until a while after I've woken up for the same reason.. looking at the screen is hard enough at that point. And the London session, forget about it (I'm in the US, so that's me setting an alarm in the middle of the night and waking up)
Thats got to be tough! How much of the london session you usually trade?

Thats one of the benefits of living in norway, we're gmt+1 so one hour after london. When they open its 0900 here which is nice.
  • #2,622
  • Nov 11, 2010 9:19am Nov 11, 2010 9:19am
Quoting dr mongolia
LOL I usually don't even try to post until a while after I've woken up for the same reason.. looking at the screen is hard enough at that point. And the London session, forget about it (I'm in the US, so that's me setting an alarm in the middle of the night and waking up)
The first thing I do when I wake is turn on my tv (that is where my charts are) and I go through some charts.

I wish so much I had the will power to trade London session (I live in Florida, EST) and I just can't
  • #2,623
  • Nov 11, 2010 9:23am Nov 11, 2010 9:23am
Quoting Storeball
Thats got to be tough! How much of the london session you usually trade?

Thats one of the benefits of living in norway, we're gmt+1 so one hour after london. When they open its 0900 here which is nice.
It's no fun the first few days but eventually you get used to it. I only trade 2 hours during the Asia/London overlap but sometimes if its clear that not much is going on I'll go back to bed only an hour or so after the open and just get an extra hour of sleep.
  • #2,624
  • Nov 11, 2010 9:29am Nov 11, 2010 9:29am
Quoting Storeball
Thats got to be tough! How much of the london session you usually trade?

Thats one of the benefits of living in norway, we're gmt+1 so one hour after london. When they open its 0900 here which is nice.
Us European traders don't know how lucky we are I think.

We can be there for London Open (8.00 am for me), an entirely sensible time to start your working day if you're a FT trader and then get to have NY open just after a nice spot of lunch (1.00pm for me).

I feel a bit for the guys in other timezones, they have to give up much more if they want to trade at the most liquid time of the day.
  • #2,625
  • Nov 11, 2010 9:39am Nov 11, 2010 9:39am
Quoting Trotty
Us European traders don't know how lucky we are I think.

We can be there for London Open (8.00 am for me), an entirely sensible time to start your working day if you're a FT trader and then get to have NY open just after a nice spot of lunch (1.00pm for me).

I feel a bit for the guys in other timezones, they have to give up much more if they want to trade at the most liquid time of the day.
Yeah you guys have a nice continuous trading day which is what I envy. I've thought about changing my sleeping schedule so that I wake up for the London open and then go to bed after the London close (which would be lunch time here). One continuous trading day, then I'd go to sleep and wake up around 6-7pm. It would get a little weird, though. And the weekends would really mess me up.
  • #2,626
  • Nov 11, 2010 9:42am Nov 11, 2010 9:42am
Quoting dr mongolia
Yeah you guys have a nice continuous trading day which is what I envy. I've thought about changing my sleeping schedule so that I wake up for the London open and then go to bed after the London close (which would be lunch time here). One continuous trading day, then I'd go to sleep and wake up around 6-7pm. It would get a little weird, though. And the weekends would really mess me up.
I think the ideal for any trader would be to get enough pips in a 3-4 hour window to be done for the day. I'm hoping one day for me that'll be the London/NY overlap (or trade HTFs only), but obviously right now it's still a dream
  • #2,627
  • Nov 11, 2010 9:46am Nov 11, 2010 9:46am
Quoting dr mongolia
Yeah you guys have a nice continuous trading day which is what I envy. I've thought about changing my sleeping schedule so that I wake up for the London open and then go to bed after the London close (which would be lunch time here). One continuous trading day, then I'd go to sleep and wake up around 6-7pm. It would get a little weird, though. And the weekends would really mess me up.
Are you FT then?

That would be a bit of a strain but if you are trading for a living and have no boss, no set hours and the potential to one day be very wealthy from what you're doing, i'd make the sacrifice gladly!
  • #2,628
  • Nov 11, 2010 9:47am Nov 11, 2010 9:47am
Quoting dr mongolia
Yeah you guys have a nice continuous trading day which is what I envy. I've thought about changing my sleeping schedule so that I wake up for the London open and then go to bed after the London close (which would be lunch time here). One continuous trading day, then I'd go to sleep and wake up around 6-7pm. It would get a little weird, though. And the weekends would really mess me up.
You could implement this..

http://www.stevepavlina.com/blog/200...yphasic-sleep/
  • #2,629
  • Nov 11, 2010 9:53am Nov 11, 2010 9:53am
Quoting Storeball
You could implement this..

http://www.stevepavlina.com/blog/200...yphasic-sleep/
Very interesting, I should try that over the holidays and see if I can get used to it.
  • #2,630
  • Nov 11, 2010 10:02am Nov 11, 2010 10:02am
Quoting ReaperKK
Very interesting, I should try that over the holidays and see if I can get used to it.
Definitely it is. If you read through some of his posts you can see it takes a while to get used to it, but in the end it becomes normal. If your giving it a shot let us know how it goes. Frees up some serious time, but obviously its got some drawdown as well.
  • #2,631
  • Nov 11, 2010 10:21am Nov 11, 2010 10:21am
Quoting Trotty
Are you FT then?

That would be a bit of a strain but if you are trading for a living and have no boss, no set hours and the potential to one day be very wealthy from what you're doing, i'd make the sacrifice gladly!
I'm not FT yet, I own a small business. I'm hoping to gain enough consistency by next summer so that I can sell it and go full time. That will be a great day for me. No more employees, clients, and audits. June 1st is my target date, so that gives me about 7 and a half months.
  • #2,632
  • Nov 11, 2010 10:26am Nov 11, 2010 10:26am
Quoting dr mongolia
I'm not FT yet, I own a small business. I'm hoping to gain enough consistency by next summer so that I can sell it and go full time. That will be a great day for me. No more employees, clients, and audits. June 1st is my target date, so that gives me about 7 and a half months.
That's a cool plan mate and i'm sure that with the level that you are at now, you will get there in that amount of time. Seems very realistic to me.

I was going to start my own business but then found trading and decided that this has to be by far the best business to be in if you make it. The reasons stated being the biggest appeal, no clients, no employees, just you, the market and your equity.
  • #2,633
  • Nov 11, 2010 10:41am Nov 11, 2010 10:41am
Quoting dr mongolia
I'm not FT yet, I own a small business. I'm hoping to gain enough consistency by next summer so that I can sell it and go full time. That will be a great day for me. No more employees, clients, and audits. June 1st is my target date, so that gives me about 7 and a half months.
Thats actually pretty much what im doing right now. I have this year off for trading, and even though im already trading "full time", trading is not what im depended on money wise, yet. I have also set up sept 2011 as the time where i should be at a point equity wise and skill wise that I can do this full time profitably, and depend 100% on trading for money. Its an exiting venture, and the only limit we have in this game are the ones we put on ourself

Good luck with your goal! Im sure you wont need it though
  • #2,634
  • Nov 11, 2010 10:45am Nov 11, 2010 10:45am
So when you get , self supported in trading and only sleeping 2 to 4 hr a day ,Maybe you can do your own music mix from around the globe..

Trade well . defintilly a GUMP trading type of day .. On the gbp and e/j anyway .

Trade Happy Ken


http://vimeo.com/moogaloop.swf?clip_id=2539741

Great link From A friend.
Good Trading To All ; Ken Lee
  • #2,635
  • Nov 11, 2010 10:50am Nov 11, 2010 10:50am
Ken I have a question for you if you don't mind, what does the term GUMP mean? I've never seen it before this thread.
  • #2,636
  • Nov 11, 2010 10:56am Nov 11, 2010 10:56am
Quoting Kenneth Lee
So when you get , self supported in trading and only sleeping 2 to 4 hr a day ,Maybe you can do your own music mix from around the globe..

Trade well . defintilly a GUMP trading type of day .. On the gbp and e/j anyway .

Trade Happy Ken


http://vimeo.com/moogaloop.swf?clip_id=2539741

Great link From A friend.
I dont think polyphasic sleep is something that would suit me particularly well, im just to fond of going out and having a few cold ones. Would ruin me But I find the topic higly interesting nonetheless.

Amazing video btw!
  • #2,637
  • Edited 11:20am Nov 11, 2010 10:58am | Edited 11:20am
Inserted Video


Look at the GBP/USD , think of the 35/50 ma's as the net.. GET IT ??

As in any Tennis The ball may cross the foul line but can't hit the ground,, CLOSE beyond.
Attached Image (click to enlarge)
Click to Enlarge Name: Gump Trading.jpg Size: 153 KB
Good Trading To All ; Ken Lee
  • #2,638
  • Nov 11, 2010 10:58am Nov 11, 2010 10:58am
Ohhh lol, makes perfect sense, thanks a lot.
  • #2,639
  • Nov 11, 2010 11:19am Nov 11, 2010 11:19am
Hey Ken, we got that exact sort of setup on EJ that you commented on earlier - the inverted hammer!

I took it and scalped the profit. Awesome, cheers
  • #2,640
  • Nov 11, 2010 11:22am Nov 11, 2010 11:22am
Quoting Trotty
Hey Ken, we got that exact sort of setup on EJ that you commented on earlier - the inverted hammer!

I took it and scalped the profit. Awesome, cheers
Very Nice. yep descending triangle of sorts , but definite low volume going on. Might go watch the parade from work LOL.. Cheers.
Good Trading To All ; Ken Lee
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