Ken's Continuing Successes with EO's system

Great charts Ken. There is a wealth of info there. It turns out I am going to be home for at least a few weeks so I am going to take this rare opportunity to trade NY and see what happens.

Gald to share plus showing others renforces for myself. But yes once a person gets a basic understanding of Price Action , Justn adding a few pieces to the puzzle can make all the difference in the world.

Good Luck with your trading the next few weeks, Be great if you can see the light at the end of the tunnel soon . Trading for a living would beat dealing with customers for sure .

Take care Ken

Should be written in gold in every trading terminal.

Some great stuff over the weekend Ken, really helpful info.

Good luck everyone this week.

Ken, what kind of results have you been getting over 2010? How many losing months, for example?

hi，lee，what is your broker in the pic？？？？

Ken will no doubt answer but I doubt very much if he has losing months. Losing days will be few and far between but he will have losing trades, like we all do.

Since i've gotten to grips with aspects of this approach, I have very few losing days now and certainly haven't been close to a losing month for a long while now. Can't recall my last losing week but again, it must have been some time ago.

Pretty impressive.

learn some of the easy entries and then just trade them with sensible money management and make sure you're taking profit and covering positions at sensible times. Make sure you only take the trades that you understand and you will begin to make money sooner than you think. It isn't hard.

What's hard is to understand all facets of trading and trading this way, that part is much more difficult to get but then, nobody ever made big gains easily, we have to go through pain, learning and hard work to get there.

cheers man.

[quote=Trotty;4205590]learn some of the easy entries and then just trade them with sensible money management and make sure you're taking profit and covering positions at sensible times. Make sure you only take the trades that you understand and you will begin to make money sooner than you think. It isn't hard.

hello Trotty,

i am new here but i have been following for sometimes now. i know it must have been said but for me and some of the new once here. what are the easy entries? i am sorry if the question sound some how but i am looking for ways to improve my trading thank you

GFT , Their Platform , Deal book 360, I Like the charting package but prefer Oanda for speed and better spreads.

[quote=dortFX;4206072] read through the manual, look at your charts, do some demo trading and just find which trades you find the easiest to see and understand.

For me, the easiest has always been the 1 o'clock and 5 o'clock 10 ema trades. I find it naturally very easy to understand whether it is likely to react or not based on how long it was since the last "test" of the ema and whether we are seeing a brief retracement or something more high impact (reversal or a push down to a more significant S+R area. I get very few 10 ema touch trades wrong now, just lots of practice.

The other for me is a confluence of the 50 ema and 50 fib level. These are VERY strong trades. Nothing is 100% though, of course.

You may find other trades more easy to see for your personal tastes. Trial and error my friend.

I don't care if you trade what we try and show here or any system good or bad , The key to any speculating like trading is Your self control. Most may never find that out , But the only aspect a teacher can not control is that.

This is why everything being equal and people getting the same information everyone in a group will almost always have wildlly different results. Just like the art of adding to winning trades, Those that can do this can double their account possiblly every week. While others that take 1/2 off after 20 pips may make only 10%.

The information I present is basic Price Action , I try and teach you to see what the charts are trying to tell you. With this CORE ( basic ) information any system you trade or have traded will become clearer and your entries should get better. The additon of EO's MA's just help to alert us to the areas , But the most important aspect is to learn to let the chart tell you what is next, The don't expect part.

It is hard to learn to FOLLOW the charts instead of leading as we are always told to be in control the leader But as being stubborn is a failing endeavour.

Control your trades , learn first where your stops go then the entry that corresponds with that stop and price action level and you can become a great trader. If you just take entries just because you see a candlestick everytime and not know why, you may make some profits but greatness may elude you .

But to your question. I very rarelly if ever have 2 losing trades back to back. Can't remember when I had 3. I profit every month some times I have a Break Even week. But some times working now I have had weeks I only may take 3 or 4 trades. Plus trading tired I do make mistakes.

LIke last night I didn't stay with it long enough , I had shorted e/j at 11:20 I get off work at 11:00 Sat down and price was right at sundays low. 200 sma above, price between 50% and 61.8% fib in the zone.

Saw Plus 20 but didn't take it. was looking for the home run. At 1:00 am got a spike up came down a bit I closed for 10, 30 min later.

If I stayed up I could have got that entry we showed last week , The minor move up to my daily line 111.58 then the reversal and the short I was looking for.

Just try and learn and be in control, Know what your looking at if you don't that is fine, this is no different than learning any new thing , no one expects you to know it all, so ask if you need claification of a pint (Point)"maybe shouldn't drink pints and post" . But the manuals isn't long as any other textbook. So look there first .

Welcome Aboard hope the ride is smooth for you ,, Ken

Well look at that e/j just tapped that fib ext.

Ah, I see. Don't really use them, are they reliable for TP's?

Good morning fellas,

I'm back to a work after a shortened week last week.

Took nice short trade on GU on the 14:15GMT during the 10ema touch although I was only able to get 5 pips, I guess it was because of my eagerness to cover my trade.

I did a similar entry on the 14:45 candle on EJ but this time I was able to scoop up 19 pips.

A nice start to my monday morning I must say.

In for a quick little short on GU right now off the 21ema and it's a 38.2fib line as well. I'll have to see how this plays out.

Took the same trade after the second bullish candle closed underneath it after being rejected off it and then the retest on the next candle was also rejected when it touched.

Sometime price action is about how the candles are behaving whilst they form, I took this one mid candle developement.

A excrise I used to do even when running a company fulltime was to pull a fib from the closes swing to your trading time or for the excrises pre london like the one I pulled then write on a piece of paper the extstionsins +150 and +200 as well as -50 and -100 .

Then after trading just take a look and you will be suprised how many times they both get taken out in one direction as well as sometimes one in one direction two the other.

I don't claim to understand Fibonicia other than I know it works wiether some divine intervention or just dumb luck . But they do work ,

Proof is in the pudding so try doing that simple excrise what else you got to do but stare a screen. Plus it can add confluence. That lower one landed right on a 4 hr line for me. so a no brainer.