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Ken's Continuing Successes with EO's system

  • #2,901
  • Nov 22, 2010 9:18am Nov 22, 2010 9:18am
Hi Ken,

I have finish reading your PDF which is similar with Oe's... therefore I have read it twice (lol)... I am firmilar with PPA and PA but really bad at MA's although I am aware they are floating S/R... I do draw lines at various spots in the chart representing S/R.

I am reading up to page 24 and was hoping that you could give me a leg up to speed up my learing process.

Here goes:-
1. 15m chart use - 10ema , 21ema, 35ema, 50ema, 200sma - watch 35/50 intraction to take trade

2. 1hr chart use - 10sma, 50ema, 62ema and 200sma - watch 62ema bounse to take trade

3. 4hr chart 5sma, 10sma 50ema 150ema - watch 50ema and 150ema to give signals

4. Daily chart - 5ema, 35sma 50ema - watch the 5ema to trade.

Is the above correct...

I know that I need to scale up and down the charts in various time frame to see the best possible trading opportunities. I would appreciate if you could show... by rule of the thumb... how the MA's are being use in each of the time frames and to give importences to them... to use as signal/s.

Your thread has evolved and my quastions may have been address further up the pages if so kindly direct me to these pages.

Thanks

mikelee
  • #2,902
  • Nov 22, 2010 9:22am Nov 22, 2010 9:22am
Quoting Kenneth Lee
Have that issue anyway but aint the head. At the age that my major enjoyment is cooking and eating.. Plus I do this as much or more for myself as anything else keeps me focused as well.

We teach the best that which we want to learn the most.
A kindred spirit. Food is my hobbie as much as it is my passion. I'm the sort of weird fella who thinks a set of Japanese chef's knives are the perfect Christmas gift, lol!
  • #2,903
  • Nov 22, 2010 9:27am Nov 22, 2010 9:27am
Quoting mikelee
Hi Ken,

I have finish reading your PDF which is similar with Oe's... therefore I have read it twice (lol)... I am firmilar with PPA and PA but really bad at MA's although I am aware they are floating S/R... I do draw lines at various spots in the chart representing S/R.

I am reading up to page 24 and was hoping that you could give me a leg up to speed up my learing process.

Here goes:-
1. 15m chart use - 10ema , 21ema, 35ema, 50ema, 200sma - watch 35/50 intraction to take trade

2. 1hr chart use - 10sma, 50ema, 62ema and 200sma - watch 62ema...

Am not experienced here. And am sure Ken may patiently answer questions. But i must say i hate such questions. Its obvious that you are confused because you didnt read the entire manual carefully.

Please don't get me wrong but these kinds of questions have mad sure many good traders have left FF for good and we may never benefit from their experience. If an experienced trader has invested time and effort to document everything why harass him by asking same things again and again?

I think what you should do is start from higher time frame chart and if you get a potential area of interest switch to lower time frame and fine tune entry. Enter like and scalper ad profit like a position trader is the key. That explains multiple time frames. If you read the manual again you will find different uses of different Moving averages.

No disrespect but buddy we have some amazing people here doing some amazing work. Why bother them when they have already clearly explained everything.

EDIT: Sorry if i sound harsh but what saddens me is eohater is already gone. This is the only good thread left on his system. I would like it to continue for long time.
Making money is easy- Just dont take losing trades
  • #2,904
  • Nov 22, 2010 9:48am Nov 22, 2010 9:48am
Quoting mikelee
Hi Ken,

I have finish reading your PDF which is similar with Oe's... therefore I have read it twice (lol)... I am firmilar with PPA and PA but really bad at MA's although I am aware they are floating S/R... I do draw lines at various spots in the chart representing S/R.

I am reading up to page 24 and was hoping that you could give me a leg up to speed up my learing process.

Here goes:-
1. 15m chart use - 10ema , 21ema, 35ema, 50ema, 200sma - watch 35/50 intraction to take trade

2. 1hr chart use - 10sma, 50ema, 62ema and 200sma - watch 62ema...
Welcome aboard Mike. Yes this is very basic But Let me show a chart of the first 3 , These are the ones I mainly look at the key is that those MA's you listed are the middle of the road, they are what should be considered the difference between looking for a long or a short they also will be the spot for many a retracement entry .But at times the 35/50 will be out of play like now becasue price has moved so far away from it. Then you look to the hrly or 4 hr . We are below the 62 1 hr was my reasoning for the short I took

But we are above th 4 hr 50 so caution that we may get a turn is possible. Nothing is written in stone as you stated they are just floating S/R and a s such give us a clue as what MAY happen.
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Good Trading To All ; Ken Lee
  • #2,905
  • Nov 22, 2010 10:00am Nov 22, 2010 10:00am
50 ma and trading zone and PPA might turn it back 4 hr e/j
Good Trading To All ; Ken Lee
  • #2,906
  • Nov 22, 2010 10:01am Nov 22, 2010 10:01am
Awesome posts! I have trouble multitasking (reading/trading) during London until I've woken up for a few hrs but I'm catching up.

Speaking of percent returns, the reason I ended up here was a response by Ken on babypips to a group of posters who kept insisting that 5-10% per month was an incredible return for a trader. I'm glad I listened to Ken and not them!

Quoting Storeball
In my previous job, which I also enjoyed very much, however the weekends was still the highlight of the week. Now when the weekend is here im thinking, dam, cant trade
LOL I hear you, my girlfriend will never understand why I get up for the London open, especially on Monday.
  • #2,907
  • Nov 22, 2010 10:02am Nov 22, 2010 10:02am
Quoting Kenneth Lee
50 ma and trading zone and PPA might turn it back 4 hr e/j
Daily 35 too..
  • #2,908
  • Nov 22, 2010 10:03am Nov 22, 2010 10:03am
Quoting dr mongolia
Awesome posts! I have trouble multitasking (reading/trading) during London until I've woken up for a few hrs but I'm catching up.

Speaking of percent returns, the reason I ended up here was a response by Ken on babypips to a group of posters who kept insisting that 5-10% per month was an incredible return for a trader. I'm glad I listened to Ken and not them!



LOL I hear you, my girlfriend will never understand why I get up for the London open, especially on Monday.
She will when she sees the trinkets that can buy ..
Good Trading To All ; Ken Lee
  • #2,909
  • Nov 22, 2010 10:17am Nov 22, 2010 10:17am
I just hope she never peeks at the charts, then she'll see how many of those morning moves I miss and probably assume I must be sneaking off somewhere else in the middle of the night

I got A/U and E/J at the top, then closed both out way too early (Asian low for both). I have found a little pattern with some of these moves though, which played out this morning -- a lot of times at the London open, we'll get a rally above the Asian high but the highs of the wicks will only rally about 10 points above it. Then we get 2-3 touches of that new high level and price collapses like it did this morning. I guess it shows buyers getting exhausted since they can't take the high out by more then a few pips.
  • #2,910
  • Nov 22, 2010 10:21am Nov 22, 2010 10:21am
Quoting dr mongolia
I just hope she never peeks at the charts, then she'll see how many of those morning moves I miss and probably assume I must be sneaking off somewhere else in the middle of the night

I got A/U and E/J at the top, then closed both out way too early (Asian low for both). I have found a little pattern with some of these moves though, which played out this morning -- a lot of times at the London open, we'll get a rally above the Asian high but the highs of the wicks will only rally about 10 points above it. Then we get 2-3 touches of that new...
Might be a co-incidence but i have heard one big trader in London claim that first London breakout is always fake. Cant vouch for him but i have found it profitable to ignore whatever early London does. Wonder how different people notice same things.
Making money is easy- Just dont take losing trades
  • #2,911
  • Nov 22, 2010 10:26am Nov 22, 2010 10:26am
Gu hitting som big support as well now. Friday low and 61.8fib, could see it as a doubble bottom, big W pattern if it comes higher now.

To bad i dont have the ablility to trade today as alpari still hasnt got my new acct open yet
  • #2,912
  • Nov 22, 2010 10:30am Nov 22, 2010 10:30am
Quoting Survivor
Might be a co-incidence but i have heard one big trader in London claim that first London breakout is always fake. Cant vouch for him but i have found it profitable to ignore whatever early London does. Wonder how different people notice same things.
It happens time and again.

London is comfortably the biggest of the three main trading cities so there is power there to really manipulate the markets when they see fit. Very, very often they will clear stops with a big push just after London open to then mop it all up and head off in the opposite direction leaving all the poor buggers wondering where the hell their trades went and them with a much more favourable price.

It's not every day mind but often enough to be wary of.
  • #2,913
  • Nov 22, 2010 10:38am Nov 22, 2010 10:38am
Quoting Survivor
Might be a co-incidence but i have heard one big trader in London claim that first London breakout is always fake. Cant vouch for him but i have found it profitable to ignore whatever early London does. Wonder how different people notice same things.
Yea iv heard it called frankfurt fakeout or something, as trotty said big institutions filling their orders in the beginning of the day. Some people play it much like the fade zero trades, they will wait for price to break the asian session high/low with 20-30 pips then look for a reversal.
  • #2,914
  • Nov 22, 2010 10:40am Nov 22, 2010 10:40am
Quoting Trotty
It's not every day mind but often enough to be wary of.
Yeah I wouldn't set a PO for it. But if you're at the screen to watch the PA, and you see it stall and throw off a lot of wicks right there, it seems to be a reliable area to trade.
  • #2,915
  • Nov 22, 2010 10:42am Nov 22, 2010 10:42am
Quoting Storeball
Gu hitting som big support as well now. Friday low and 61.8fib, could see it as a doubble bottom, big W pattern if it comes higher now.

To bad i dont have the ablility to trade today as alpari still hasnt got my new acct open yet
Guys, GU in force!!
  • #2,916
  • Nov 22, 2010 10:43am Nov 22, 2010 10:43am
Quoting Kenneth Lee
Welcome aboard Mike. Yes this is very basic But Let me show a chart of the first 3 , These are the ones I mainly look at the key is that those MA's you listed are the middle of the road,...
Thanks Ken... it was on the next page 25 (I was on page24 when I post) or so while reading it... Mary also ask the same questions (back than) and you took the time to write a length reply... plus a diagram that made it easy to understand... the 35/50 and the 62 was expounded... your explaination was super... it's the "Top, Middle and the Bottom".
  • #2,917
  • Nov 22, 2010 10:56am Nov 22, 2010 10:56am
Quoting Survivor
Am not experienced here. And am sure Ken may patiently answer questions. But i must say i hate such questions. Its obvious that you are confused because you didnt read the entire manual carefully.

Please don't get me wrong but these kinds of questions have mad sure many good traders have left FF for good and we may never benefit from their experience. If an experienced trader has invested time and effort to document everything why harass him by asking same things again and again?

I think what you should do is start from higher time frame chart...
There are those who came into this thread late... any help from members who are more firmilar with this method would be appreciated by fellow members. I don't post very much because I trade and I am not changing my trading system... just to add on and/or for knowledge and assumulate ...what I think is good.

If members do not dare to ask then there will not be any thread/s... so chill off.
  • #2,918
  • Nov 22, 2010 11:59am Nov 22, 2010 11:59am
Quoting dr mongolia
I just hope she never peeks at the charts, then she'll see how many of those morning moves I miss and probably assume I must be sneaking off somewhere else in the middle of the night

I got A/U and E/J at the top, then closed both out way too early (Asian low for both). I have found a little pattern with some of these moves though, which played out this morning -- a lot of times at the London open, we'll get a rally above the Asian high but the highs of the wicks will only rally about 10 points above it. Then we get 2-3 touches of that new...

There was a poster on Baby pips, That would wait for that pullback for his entry everyday . Was supposeflly his only trade. If it went far enough he coverd and went back tobed if not he would take 20 pips or so and call it a day. Either way he won

I was actually considering making a post of those . They are a common event. People will say they pushed it one way to get a better price , could be stop running , or just profit taking end of Asia . Not sure some of that private stuff maybe . be nice to know exactlly how stop running works. They seem to know almost exactlly how much to buy to get it there and then enough sellers to send it back quicklly ,


Seems like something is visible to them that isn't to us. Which is very true ECN trader can see levels of orders waiting to be filled and at times can get in a trade with positive pips because price ahs passed the asking price. One reason they also charge a commssion.

I will try to research this a little bit , But don't expect much I try not to fill my head with to much stuff, but this seems to be a worthy endeavour.
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Good Trading To All ; Ken Lee
  • #2,919
  • Nov 22, 2010 12:09pm Nov 22, 2010 12:09pm
Quote
There was a poster on Baby pips, That would wait for that pullback for his entry everyday . Was supposeflly his only trade. If it went far enough he coverd and went back tobed if not he would take 20 pips or so and call it a day. Either way he won

Hey Ken how's it going? I would like to share with you something related to this but not really related to your thread, which btw is by far the best method on ff to make major truck loads of pips!!!

I use an ea called forex morning trade and it is a simple ea, in fact it is a manual system that got converted to an ea. it measures volatility an hour before the london open and places a trade north or south. It seeks to gain 30-40 pips a morning depending who you ask. Long storyu short this thing has been working fantastically!!! If thats a word Anyway I am extremly happy with its performance and it is just one more thing in the arsenal. I'v been trading if for a couple of months with great success. PM me or email if you want a copy.
  • #2,920
  • Nov 22, 2010 12:14pm Nov 22, 2010 12:14pm
Quoting johnnykanoo
Hey Ken how's it going? I would like to share with you something related to this but not really related to your thread, which btw is by far the best method on ff to make major truck loads of pips!!!

I use an ea called forex morning trade and it is a simple ea, in fact it is a manual system that got converted to an ea. it measures volatility an hour before the london open and places a trade north or south. It seeks to gain 30-40 pips a morning depending who you ask. Long storyu short this thing has been working fantastically!!! If thats a word...

Very Good . I don't have anyway to run a EA though GFT is asking opions about it , like maybe they are considering that as a option as well. I guess I could run a MT4 demo just to rum EA on.

I am glad your finding your way.. Hope you are well. babypips kinda gets on my nerves so don't post there much ..

Thanks for dropping by hope to see more of you. ken
Good Trading To All ; Ken Lee
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