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Ken's Continuing Successes with EO's system

  • #2,661
  • Nov 11, 2010 8:23pm Nov 11, 2010 8:23pm
Quoting ReaperKK
Personally I always have a much more frustrating time trading Asian then I do NY but tonight isn't so rough.
Yeah we've actually gotten some pretty good movement during this session so I really can't complain. I just hate to miss something that's staring me in the face during Asia because the "bus seats" are usually more limited than the other session times.
  • #2,662
  • Nov 11, 2010 8:24pm Nov 11, 2010 8:24pm
Quoting Trotty
Hey, no worries mate, we're all learning on this thread and as much from each other as we are from ken.

There are a few tricks to nailing the 10 ema touch trades....
Thanks for sharing those thoughts.

In the wrong place though. It's after an up move, it should be after a down move.
Yep you been right should be after move down as revelsal pattern but give nice TL and there was all emas as support great entry but should be enter on open candel so I've been too late.
Thanks for answear.
  • #2,663
  • Nov 11, 2010 8:27pm Nov 11, 2010 8:27pm
Quoting dr mongolia
Yeah we've actually gotten some pretty good movement during this session so I really can't complain. I just hate to miss something that's staring me in the face during Asia because the "bus seats" are usually more limited than the other session times.
Hey guys u still fighting up there?Hope many green pips!!!
Good luck time for me to go for little sleep.
  • #2,664
  • Nov 11, 2010 8:39pm Nov 11, 2010 8:39pm
Quoting Fxfighter
Hey guys u still fighting up there?Hope many green pips!!!
Good luck time for me to go for little sleep.
Hey, yeah I'm over in the US so it's a normal time for me; I think Reaper is a US trader as well. Thanks and goodnight, we'll see you tomorrow
  • #2,665
  • Nov 11, 2010 9:43pm Nov 11, 2010 9:43pm
Quoting dr mongolia
Yeah we've actually gotten some pretty good movement during this session so I really can't complain. I just hate to miss something that's staring me in the face during Asia because the "bus seats" are usually more limited than the other session times.
I got the 50/50 retrace so I feel vindicated
  • #2,666
  • Nov 11, 2010 9:43pm Nov 11, 2010 9:43pm
Yea I'm a US trader, Florida to be exact.
  • #2,667
  • Nov 11, 2010 9:52pm Nov 11, 2010 9:52pm
Alright guys, time to sleep, I knocked out a few pips.

Stay in the black guys!
  • #2,668
  • Nov 11, 2010 9:52pm Nov 11, 2010 9:52pm
Quoting ReaperKK
Yea I'm a US trader, Florida to be exact.
EST over there right? I'm an hour behind and I'm exhausted, you've got to be falling asleep at the desk!

I think I'm done for the day, I've got a couple small positions that I'm leaving open/covered. Tomorrow will be interesting, Friday's are always a little nutty and several of the pairs are at really key levels right now.. Plus G20 meetings tomorrow, sure to be some fireworks!
  • #2,669
  • Nov 11, 2010 9:53pm Nov 11, 2010 9:53pm
Quoting ReaperKK
Alright guys, time to sleep, I knocked out a few pips.

Stay in the black guys!
I'm off to bed as well, good night
  • #2,670
  • Nov 12, 2010 4:41am Nov 12, 2010 4:41am
I got stopped out at BE on an AU short this morning so this was my second trade. Waited a few hours for it but it's looking good. I find this trade very easy to take and it happens the same sort of way very many times on an M15 "noodle cross"

Target here is the H1 62 but I will let PA take me out if need be.
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  • #2,671
  • Nov 12, 2010 4:52am Nov 12, 2010 4:52am
What a sweet ass trade for a Friday. Mega quick profit and nearly 1:4 on this bad boy.

I actually took hold of my man package and took the reverse trade with was the short off the 62 ma and 62 fib (62/62 trade). 10 pip stop, 10 pip TP. I covered very, very quickly because price was so swift. Thankfully, got stopped on that at BE as price only reacted a little bit.
  • #2,672
  • Nov 12, 2010 4:55am Nov 12, 2010 4:55am
Quoting Trotty
I got stopped out at BE on an AU short this morning so this was my second trade. Waited a few hours for it but it's looking good. I find this trade very easy to take and it happens the same sort of way very many times on an M15 "noodle cross"

Target here is the H1 62 but I will let PA take me out if need be.
Nice trade man. You are the king

I got stopped out for a few trying for a quick reaction south here. Momentum much stronger then i thought, had price in a channel on 1h hitting the top line, got 62 62 above, and 200 noddle with dp on 15min.

Thats what happens when you get in the face of a running freight train, you get run over!

Next!
  • #2,673
  • Nov 12, 2010 4:59am Nov 12, 2010 4:59am
Quoting Storeball
Nice trade man. You are the king

I got stopped out for a few trying for a reaction here. Momentum much stronger then i thought, had price in a channel on 1h hitting the top line, got 62 62 above, and 200 noddle with dp on 15min.

Thats what happens when you get in the face of a running freight train, you get run over!

Next!
We both took that then!

The thing is with that trade is that it can just stop dead sometimes at the 62/62, even if it does seem like it's got freight train-esque momentum. I do tend to cover them trades really, really quickly though, much more quickly than most.
  • #2,674
  • Nov 12, 2010 5:06am Nov 12, 2010 5:06am
Just looking at this downward channel on EU, I noticed that the last move south never made it anywhere near to the bottom of the channel and we are possibly breaching the topside here.

Is this a signal of things becoming more bullish for the Euro?
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  • #2,675
  • Nov 12, 2010 5:07am Nov 12, 2010 5:07am
Quoting Trotty
We both took that then!

The thing is with that trade is that it can just stop dead sometimes at the 62/62, even if it does seem like it's got freight train-esque momentum. I do tend to cover them trades really, really quickly though, much more quickly than most.
Yea I was also just looking for a quickie which is why my stop was so tight, in hindsight perhaps I should give it a little more room to move above 62, but that would mess up the rr and I do love the 200ema cause it usually reacts enough to cover.

Oh well, cost of trading. Got some earlier on gu breakout so im still green for the day.

Lets see if it wants to move some more after retrace now
  • #2,676
  • Nov 12, 2010 5:14am Nov 12, 2010 5:14am
Quoting Storeball
Yea I was also just looking for a quickie which is why my stop was so tight, in hindsight perhaps I should give it a little more room to move above 62, but that would mess up the rr and I do love the 200ema cause it usually reacts enough to cover.

Oh well, cost of trading. Got some earlier on gu breakout so im still green for the day.

Lets see if it wants to move some more after retrace now
Suddenly after having waited ages, there's loads to trade. I just missed getting the touch of the 10 and 50 together on EJ. Lovely big single bar retrace. Am hoping it will come down again because a stop under the 35 and RN could give a very nice R/R on this.

Fingers crossed....
  • #2,677
  • Nov 12, 2010 5:27am Nov 12, 2010 5:27am
Quoting Trotty
Just looking at this downward channel on EU, I noticed that the last move south never made it anywhere near to the bottom of the channel and we are possibly breaching the topside here.

Is this a signal of things becoming more bullish for the Euro?
It was a bounce from a longer term tl. Now if the upside channel and ppa line hold, we might see some ranging before deciding where to go next.
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  • #2,678
  • Nov 12, 2010 5:33am Nov 12, 2010 5:33am
Quoting Trotty
I got stopped out at BE on an AU short this morning so this was my second trade. Waited a few hours for it but it's looking good. I find this trade very easy to take and it happens the same sort of way very many times on an M15 "noodle cross"

Target here is the H1 62 but I will let PA take me out if need be.
Hi Trotty,

my 1st post on this thread.

Nice EU long there. made it to 1.3740 and retraced 50% from there to 1.3660. good place to take a fresh long here?

cheers.
  • #2,679
  • Nov 12, 2010 5:38am Nov 12, 2010 5:38am
Quoting pgd
Hi Trotty,

my 1st post on thiss thread.

Nice EU long there. made it to 1.3740 and retraced 50% from there to 1.3660. good place to take a fresh long here?

cheers.
Cheers bud.

Yes, absolutely, by the rules
  • #2,680
  • Nov 12, 2010 5:51am Nov 12, 2010 5:51am
Well, got the second chance with EJ I wanted. The thing to remember and be prepared for with these 10ema trades is that it very often will not touch the ema in the moment. What happens is that the price moving toward it will effect it's placement in real time so will seem to push it away. You MUST be willing to enter a pip or two before it reaches it because very often, it won't make the actual contact that you are after. Then, when it races off like this, it will pull the ma with it and then look as if it touched when the candle close bullish.

Ken may disagree here, i'm not sure but my target was right back up to the 62 here.
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