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Ken's Continuing Successes with EO's system

  • #2,821
  • Nov 18, 2010 8:46am Nov 18, 2010 8:46am
Still haven't found my way into this GU short yet and I think i'll wait until after the hour now and see how this news shakes things up or not.....

EO would have just pulled the damn trigger i'm sure
  • #2,822
  • Nov 18, 2010 8:51am Nov 18, 2010 8:51am
Quoting Buildcity
After the SL to BE for the 2nd half, have a tea then come back, seems the price would be stall a bit around 113.4 or even pull back 1st, so closed the 2nd half with 16P.

I'm learning from you guys to manage 2 portions in one trade, pretty good feel, thank you all!

PS - Hi Ken, hope you dont mind I posted my trade here, though I trust we all trading with price action mainly.

Cheers
Eric
Nice going mate!

I view that area actually quite strong. Got a retest of a long term trendline and a prior days high as well as its sitting on 50fib retrace. If it werent for that im a chicken around news I might consider it an area for a quick scalp
  • #2,823
  • Nov 18, 2010 8:52am Nov 18, 2010 8:52am
Quoting Buildcity
After the SL to BE for the 2nd half, have a tea then come back, seems the price would be stall a bit around 113.4 or even pull back 1st, so closed the 2nd half with 16P.

I'm learning from you guys to manage 2 portions in one trade, pretty good feel, thank you all!

PS - Hi Ken, hope you dont mind I posted my trade here, though I trust we all trading with price action mainly.

Cheers
Eric
Hehe, EJ - it really retraced again to PPA, could be a 3rd attend on this, wait for PA confirm...........
  • #2,824
  • Nov 18, 2010 9:01am Nov 18, 2010 9:01am
did you guys see the jumpy UJ right now after the US news!!

Lucky that I've not jumped in EJ short, cos it looks strange with UJ, now move in the same way as UJ!!
  • #2,825
  • Nov 18, 2010 9:15am Nov 18, 2010 9:15am
Quoting Trotty
Still haven't found my way into this GU short yet and I think i'll wait until after the hour now and see how this news shakes things up or not.....

EO would have just pulled the damn trigger i'm sure
I just entered a GU short on the last candle. I'm waiting to see how low it's going to go, especially looking at the 4hr chart.
  • #2,826
  • Nov 18, 2010 9:19am Nov 18, 2010 9:19am
Quoting ReaperKK
I just entered a GU short on the last candle. I'm waiting to see how low it's going to go, especially looking at the 4hr chart.
I'm still not in lol! Got the look of a flag about it to me....
  • #2,827
  • Nov 18, 2010 9:25am Nov 18, 2010 9:25am
Quoting Trotty
I'm still not in lol! Got the look of a flag about it to me....

I have a daily line right below here at 1.5981 , so looking for long will only change bias if it breaks and retests that area for me. Which it may do the 4 hr does look promising for more down but daily looks long , so let price lead the way. Always a bit warey when the major charts disagree.
Good Trading To All ; Ken Lee
  • #2,828
  • Nov 18, 2010 9:29am Nov 18, 2010 9:29am
Took a long on e/j after the spinnig top at the 35 sma . Wasn't watching the closk and good thng the news moved in my favor, but tried to close at the line 113.71 and darn platform was froze, had to reboot so lost about 10 pips on it.

Flat now.

Post away Eric , Glad to have you here.
Good Trading To All ; Ken Lee
  • #2,829
  • Nov 18, 2010 9:29am Nov 18, 2010 9:29am
Quoting Kenneth Lee
I have a daily line right below here at 1.5981 , so looking for long will only change bias if it breaks and retests that area for me. Which it may do the 4 hr does look promising for more down but daily looks long , so let price lead the way. Always a bit warey when the major charts disagree.
I don't have a line until 38, I guess this is where the subjective element makes us all trade differently.

Good heads up though. You'd have taken a nice few pips if you'd gotten in at the 4hr bounce but no clear entry for me since.
  • #2,830
  • Nov 18, 2010 9:32am Nov 18, 2010 9:32am
This is the flag forming/formed
Attached Image (click to enlarge)
Click to Enlarge Name: Flag.jpg Size: 119 KB
  • #2,831
  • Nov 18, 2010 9:32am Nov 18, 2010 9:32am
Quoting Trotty
I'm still not in lol! Got the look of a flag about it to me....
Im not either We finally got the news out of the way though!

I ditto what ken said. My line is at 5985. I called it monday low in the other post but its actually fridays low and together with 50fib its my make or break line as well right now
  • #2,832
  • Nov 18, 2010 9:36am Nov 18, 2010 9:36am
Quoting Kenneth Lee
Took a long on e/j after the spinnig top at the 35 sma . Wasn't watching the closk and good thng the news moved in my favor, but tried to close at the line 113.71 and darn platform was froze, had to reboot so lost about 10 pips on it.

Flat now.

Post away Eric , Glad to have you here.
I was in the same trade but closed it earlier before my platform disconnected. Same platform other broker but same problems.
  • #2,833
  • Nov 18, 2010 9:37am Nov 18, 2010 9:37am
Quoting Storeball
Im not either We finally got the news out of the way though!

I ditto what ken said. My line is at 5985. I called it monday low in the other post but its actually fridays low and together with 50fib its my make or break line as well right now
Funny thing is, we'd have all made some pips if we'd just got in instead of waxing lyrical about it
  • #2,834
  • Nov 18, 2010 9:37am Nov 18, 2010 9:37am
Quoting Kenneth Lee
Took a long on e/j after the spinnig top at the 35 sma . Wasn't watching the closk and good thng the news moved in my favor, but tried to close at the line 113.71 and darn platform was froze, had to reboot so lost about 10 pips on it.

Flat now.

.
EJ now is DT again, see which way it will go.........
  • #2,835
  • Nov 18, 2010 9:40am Nov 18, 2010 9:40am
Quoting Trotty
Funny thing is, we'd have all made some pips if we'd just got in instead of waxing lyrical about it
Word! We have to grow a pair!
  • #2,836
  • Nov 18, 2010 9:42am Nov 18, 2010 9:42am
Quoting Storeball
Word! We have to grow a pair!
LOL!
  • #2,837
  • Nov 18, 2010 9:42am Nov 18, 2010 9:42am
Here is a trade I just took on EJ for 21 pips

The 2 touches on the 35ema gave me a good signal and I set my SL on the 50 line
Attached Image
  • #2,838
  • Nov 18, 2010 9:44am Nov 18, 2010 9:44am
Quoting Buildcity
EJ now is DT again, see which way it will go.........
I have a 4 hr s&r zone from 113.75 to 114.00.
  • #2,839
  • Nov 18, 2010 9:51am Nov 18, 2010 9:51am
Quoting MCFly
I have a 4 hr s&r zone from 113.75 to 114.00.
EJ - So will you go short, I'm waiting for PA confirmation...........
  • #2,840
  • Nov 18, 2010 10:00am Nov 18, 2010 10:00am
Quoting Buildcity
EJ - So will you go short, I'm waiting for PA confirmation...........
The brave ones will short the wicks of the previous 15m top . But I prefer to see good PA
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