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Ken's Continuing Successes with EO's system

  • #3,101
  • Edited 11:34am Nov 29, 2010 10:59am | Edited 11:34am
Here is the first eohater trade that i took yesterday. It's EURUSD 1H . Sold at high Though i took quick profit - i need to learn to run positions. Still shows how powerful it was. The 62 EMA is not in picture but the candle closed dead on 62 EMA and round number confluence.
Attached Image (click to enlarge)
Click to Enlarge Name: eur.jpg Size: 64 KB
Making money is easy- Just dont take losing trades
  • #3,102
  • Nov 29, 2010 11:02am Nov 29, 2010 11:02am
Quoting Kenneth Lee
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...
Like so much, I assume they work because of the self-fulfilling prophecy involved.

I read about fibonaci in a trading book. It went into a neat explanation about the history of the man and what the numbers all meant. A few paragraphs of thrilling information later it said "but you don't really need to know or worry about any of that, they just WORK!".

Er....thanks for that!
  • #3,103
  • Nov 29, 2010 11:27am Nov 29, 2010 11:27am
Quoting Survivor
Here is the first eohater trade that i took yesterday. Sold at high Though i took quick profit - i need to learn to run positions. Still shows how powerful it was. The 62 EMA is not in picture but the candle closed dead on 62 EMA and round number confluence.

Great trade on the eur/usd .. Yeah that was a homer. Entry I was looking for on E/J

I have a daily line at 1.3287 and 1.3096 traded right between them ..

Please add the pair to your message .. Can't see it without expanding chart..

Great going..
Good Trading To All ; Ken Lee
  • #3,104
  • Nov 29, 2010 11:28am Nov 29, 2010 11:28am
Quoting Trotty
Like so much, I assume they work because of the self-fulfilling prophecy involved.

I read about fibonaci in a trading book. It went into a neat explanation about the history of the man and what the numbers all meant. A few paragraphs of thrilling information later it said "but you don't really need to know or worry about any of that, they just WORK!".

Er....thanks for that!
Yes I think studying them can be a whole career if you wanted them to be . might go as far as qauntim phsyics. But since I can't even spell it I will leave it to greater minds.
Good Trading To All ; Ken Lee
  • #3,105
  • Nov 29, 2010 11:34am Nov 29, 2010 11:34am
Quoting Kenneth Lee
Great trade on the eur/usd .. Yeah that was a homer. Entry I was looking for on E/J

I have a daily line at 1.3287 and 1.3096 traded right between them ..

Please add the pair to your message .. Can't see it without expanding chart..

Great going..
Thanks... will be careful to add pair and time in future.

BTW ken its you who showed me how to trade these cross and reverse properly. I had tried earlier with mixed success. But when i read your manual about it being a "retracement" trade it came to me. Now i always look for a nice trend before taking these trades (lower lows here) . Without nice trends there cant be nice retracements, right?
Making money is easy- Just dont take losing trades
  • #3,106
  • Nov 29, 2010 11:49am Nov 29, 2010 11:49am
Quoting Survivor
Thanks... will be careful to add pair and time in future.

BTW ken its you who showed me how to trade these cross and reverse properly. I had tried earlier with mixed success. But when i read your manual about it being a "retracement" trade it came to me. Now i always look for a nice trend before taking these trades (lower lows here) . Without nice trends there cant be nice retracements, right?

Yes , I ike a nice pull back ( Retracement ) on the 62 ema 1hr and the 35/50 cross reversal. They can be taken at othertimes as well becaue those MA's are the middle of the charts for me. This why if it is above the 35/50 or 62 long is the play to look for same if below short. Butthe key is not to blindly take any trade but look for as much confluence that can be found.

Strong S/R and PPA being the first to look for. But any trade can and will fail at times. So above all Risk amangement is always first protect your equity.

But that was a text book trade which incorporated that little push up we talked about last week, Then a great ride down . One of those a week and a trader could be a happy camper.
Good Trading To All ; Ken Lee
  • #3,107
  • Nov 29, 2010 12:50pm Nov 29, 2010 12:50pm
I trade g/u exclusively and one thing I have observed over the past year is the cable really loves the 50% level. Watch for it. You can even eye it up no need for tools. It is by far the most respected level by our lovely little lady. I should say it is the most respected during london morning since I have only been trading NY for around 5 hours now

I have a great video course I want to figure out how to upload it for you guys. Its premium stuff and I guarantee you will gleam some really great stuff from it.
  • #3,108
  • Nov 29, 2010 12:53pm Nov 29, 2010 12:53pm
Quoting johnnykanoo
I trade g/u exclusively and one thing I have observed over the past year is the cable really loves the 50% level. Watch for it. You can even eye it up no need for tools. It is by far the most respected level by our lovely little lady. I should say it is the most respected during london morning since I have only been trading NY for around 5 hours now

I have a great video course I want to figure out how to upload it for you guys. Its premium stuff and I guarantee you will gleam some really great stuff from it.
Huh? I though GU retraces deep and its 61 or 78 most of the times. EU maybe holding at 50% but in Gu i would rather wait for deeper retracement.

Anyway, await your video. You can easily share it through so many file sharing websites like rapidshare.
Making money is easy- Just dont take losing trades
  • #3,109
  • Nov 29, 2010 1:04pm Nov 29, 2010 1:04pm
If anybody has a good idea how I can share 12 files that are around 450-500mb each let me know.
  • #3,110
  • Nov 29, 2010 1:07pm Nov 29, 2010 1:07pm
Quote
You can easily share it through so many file sharing websites like rapidshare.

Im trying rapidshare now looks like 10 minutes per upload and Im sure you guys will grow old on the download speed unless you purchase "credits" or whatever they call it. I will do it this way but I am open to suggestions.

As far as the deeper retracements hmmm I guess I will have to post some charts so you can see what I mean.
  • #3,111
  • Nov 29, 2010 1:18pm Nov 29, 2010 1:18pm
Quoting johnnykanoo
If anybody has a good idea how I can share 12 files that are around 450-500mb each let me know.

you can up load on 4 share .com then provide a link to download . You can put them all in one folder then we can download the folder.

the flash cards on page one are at that site.
Good Trading To All ; Ken Lee
  • #3,112
  • Nov 29, 2010 1:22pm Nov 29, 2010 1:22pm
well I looked back at the london open for the last three trading days and all thre had swings that were small but they retraced to the 50% (some may say 61%) level. This stuff is very subjective. For me I look at 50-61% as a great spot for pending orders.

If I am on the wrong side of a trade sometimes I will use the 50% level as a better place to cut my losses.
  • #3,113
  • Nov 29, 2010 1:32pm Nov 29, 2010 1:32pm
Quote
you can up load on 4 share .com then provide a link to download . You can put them all in one folder then we can download the folder.

the flash cards on page one are at that site.
ok I'll check it out

**Edit** Ken I don't know it looks like it is a "parked" website???
  • #3,114
  • Nov 29, 2010 1:53pm Nov 29, 2010 1:53pm
Quoting Trotty
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.
I ended up getting taken out on this trade, well taken out at BE so it was a good shot.

How did you end up finishing?
  • #3,115
  • Edited Jun 17, 2020 2:29pm Nov 29, 2010 2:30pm | Edited Jun 17, 2020 2:29pm
okay guys I can't seem to find a decent option that doesn't cost me money so I will share with you how I got it.

If you use torrents than you are in luck. If not you will have to download a free torrent software such as bittorrent.com

then you can use either of these two links. I have used torrent hound and they are okay The other one I have no experience with. Anyway it is likely this download will take a day or longer because it is nearly 6gb but it is well worth it.

It is Chris Lori's Pro Traders course and it is really awesome. it is the type of price action tradeing that will help make you a success!!! With EO's methods you will be unstoppable

I wish I could just upload the files for you guys. This is a premium course and it is really really good.

Like I said combine this with Eo/Ken's teaching and you will be invincible.

Good Luck

{ copyrighted content deleted by staff }
  • #3,116
  • Nov 29, 2010 2:56pm Nov 29, 2010 2:56pm
Johnny,
Is this file legitimate or is it supposed to have been purchased. Some, of course may not care either way but I prefer to do it right.
Thanks
  • #3,117
  • Nov 29, 2010 4:00pm Nov 29, 2010 4:00pm
To be honest it is a course that is available for $569
http://www.protradersclub.com/
  • #3,118
  • Edited 4:52pm Nov 29, 2010 4:39pm | Edited 4:52pm
Quoting johnnykanoo
okay guys I can't seem to find a decent option that doesn't cost me money so I will share with you how I got it.

If you use torrents than you are in luck....

Watched this about year ago. And I can tell that this is the most profesional forex course of any that you can find on internet.
  • #3,119
  • Nov 29, 2010 5:41pm Nov 29, 2010 5:41pm
Quoting johnnykanoo
To be honest it is a course that is available for $569
http://www.protradersclub.com/
I like the free version, Thanks. Dowwnloading it as I type!
Please ask questions and share your experiences with us all!
  • #3,120
  • Nov 29, 2010 9:10pm Nov 29, 2010 9:10pm
Awesome charts from the weekend Ken. I really appreciate them and I'm sure everyone else does as well. Also:

Quoting Kenneth Lee
..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%.
I can vouch for this, describes me perfectly.. I take 1/2 off after 20 way more then I would like, probably 60-70% of the time. I am getting better at it though, and I do readd after key areas, but it's definitely dragging my returns down, no doubt about it. As you say -- it's all in the charts.. I need to learn to read all the details, and I'll be better at managing these trades.

I hope everyone had a good day today, we had a lot of clean setups. Asia is playing out well too, might have gotten the day's top on E/J and A/U but too early to know for sure, got some traffic coming up.
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