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Ken's Continuing Successes with EO's system

  • #3,181
  • Edited 1:02pm Dec 1, 2010 12:52pm | Edited 1:02pm
Hi everyone! Thanks for this thread, I am studying and following along. I came here from the EO thread, which I am still chugging through.

I thought I'd post my morning trade for some comic relief.
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  • #3,182
  • Dec 1, 2010 1:22pm Dec 1, 2010 1:22pm
Quoting funbot
Hi everyone! Thanks for this thread, I am studying and following along. I came here from the EO thread, which I am still chugging through.

I thought I'd post my morning trade for some comic relief.
Yeah it can be hard not to take a nice formed pin after a runup. especially with a bearish body , I see you have a line right above that high . I have a 4 hr s/r line there as well. The key is to learn that just because you were a bit to soon watch PA and get back in .

That Pin almost held . If you look it barely had any CLOSES above it and after the IB the next pull back up would be a Nice short with little draw down. Just keep looking and watching, it will come. But almost always a Pin in the right location is a good signal , it maybe a bit soon but watch for price in those areas.

The key is to understand your signals. After a signfacant trend is the key , pins during ranging are a different animal all together .

But good eye. Ken

PS if you enteed up the wick of that pin a 20 pip stop would have survived. Without anything else my stop would have been above that line only level I see.
Good Trading To All ; Ken Lee
  • #3,183
  • Dec 1, 2010 1:43pm Dec 1, 2010 1:43pm
Quoting funbot
Hi everyone! Thanks for this thread, I am studying and following along. I came here from the EO thread, which I am still chugging through.

I thought I'd post my morning trade for some comic relief.

Even i took that one and paid tuttion fee to market. But i havent read entire manual and dont know if it was a good trade. Right now i am learning and i think i am faily comfertable with only cross and reverse trade. Thats why i didn't post that trade here.Anyway good to know that i was not the only one who got skinned
Making money is easy- Just dont take losing trades
  • #3,184
  • Dec 1, 2010 2:53pm Dec 1, 2010 2:53pm
Thanks for the kind words, guys!

Ken, really informative response, thank you! I got a lot out of it, makes perfect sense to me.
  • #3,185
  • Dec 1, 2010 6:12pm Dec 1, 2010 6:12pm
I'm not sure if anyone is trading Asia but E/J is headed towards 110.00 which is right where the 1H 62 is, plus some S/R from earlier (and obviously also a round number). If it's showing support off that level I'll take a long, if it breaks and re-tests I'll take a short.. my overall bias is short due to the prevailing downtrend lately, but we did just have a very bullish daily candle close so who knows, we trade it both ways.
  • #3,186
  • Dec 1, 2010 6:32pm Dec 1, 2010 6:32pm
the rounded top on the EJ 1 hour tells me that there isn't much room to move north + asia rarely makes new highs (I think) mostly asia is range bound all though I never really traded ej before so I am trying to be open minded. If it hits the 110.00 level it may revisit that 110.70 area we will see I tried to short her earlier and she smacked me one.
  • #3,187
  • Dec 1, 2010 7:18pm Dec 1, 2010 7:18pm
There was a nice 62 ema touch trade on the aud/jpy pair. I missed it but the 62 was nice support when price hit it, it immediately retraced a nice 35 pips or so
  • #3,188
  • Dec 1, 2010 11:01pm Dec 1, 2010 11:01pm
There are going to be some serious fireworks at the London open if Asia keeps moving this slow
  • #3,189
  • Dec 2, 2010 7:56am Dec 2, 2010 7:56am
Good morning guys.

Started my day pretty nicely with a nice move down on EJ with a bounce off the resistance level of the 111.20 level. I was able to scoop 35 pips, closed my profit on the 62ema on the 1hr.

I'm glad I woke earlier than normal today
  • #3,190
  • Dec 2, 2010 8:47am Dec 2, 2010 8:47am
Just a quick thanks to Johnnykanoo for putting that course up for us.

I'm only a few hours into it but it's very good indeed. Hope it helps me progress further as a trader, it'll be erm....worth every penny!
  • #3,191
  • Dec 2, 2010 8:48am Dec 2, 2010 8:48am
Quoting Trotty
Just a quick thanks to Johnnykanoo for putting that course up for us.

I'm only a few hours into it but it's very good indeed. Hope it helps me progress further as a trader, it'll be erm....worth every penny!
I can only second that, thanks for putting it up Johnny, really enjoying it
  • #3,192
  • Dec 2, 2010 10:02am Dec 2, 2010 10:02am
Quoting Storeball
I can only second that, thanks for putting it up Johnny, really enjoying it
I'm going to have third the thanks.

I haven't made that much of a dent into it but I'm absorbing some info everyday.
  • #3,193
  • Dec 2, 2010 10:05am Dec 2, 2010 10:05am
Quoting Trotty
Just a quick thanks to Johnnykanoo for putting that course up for us.

I'm only a few hours into it but it's very good indeed. Hope it helps me progress further as a trader, it'll be erm....worth every penny!
Torrent is a no go in Germany. Press the start DL button and 5 min later a SAWT team, the army and 10 lawyers will stand in front of your door.
  • #3,194
  • Dec 2, 2010 10:07am Dec 2, 2010 10:07am
Quoting MCFly
Torrent is a no go in Germany. Press the start DL button and 5 min later a SAWT team, the army and 10 lawyers will stand in front of your door.
Seriously? How do they do that, can you not just mask your IP or do something clever with a proxy?
  • #3,195
  • Dec 2, 2010 10:09am Dec 2, 2010 10:09am
well guys I am glad you are enjoying it. For some it will be a review and for some it will all be new but i think everyone will gleam some great stuff from it. Chris explains things in a way that just make sense.

Sorry about germany perhaps you can use a proxy server?
  • #3,196
  • Dec 2, 2010 10:24am Dec 2, 2010 10:24am
Quoting Trotty
Seriously? How do they do that, can you not just mask your IP or do something clever with a proxy?
Yeah with a proxy I can reach the downloadspeed of a 56k modem. I'll be dead when the download is finished.

Trotty it's your task to teach me the stuff.
  • #3,197
  • Dec 2, 2010 10:30am Dec 2, 2010 10:30am
Quoting MCFly
Yeah with a proxy I can reach the downloadspeed of a 56k modem. I'll be dead when the download is finished.
Ha ha!

Quoting MCFly

Trotty it's your task to teach me the stuff. http://cdn.forexfactory.com/images/s...m/big_grin.gif
I wish I knew the answer mate

Mine was downloaded in about an hour and a half - long live fibre broadband and slack policing of dodgy downloads in the UK!

I realise this hasn't helped one bit, sorry
  • #3,198
  • Dec 2, 2010 10:43am Dec 2, 2010 10:43am
I hit my 20% around noon yesterday so haven't been trading much . sat down about 20 minutes ago and took the long on e/j off that 110.42 4hr line I have and the fib level I would have got 30+ but platform still giving me fits. So got 20+ just cream ( extra) Trading time 10 minutes I been chatting.

Thinking a total computer wipe may be instor this weekend. Haven't done that in a long time.

Yestersday at 2:15 or 2:30 I placed a circle on my chart for a possible short at this same price ,110..60 But I leave for work then, I see it played out . Might do that everyday . see what My average is then start doing it with a smallposition .. IT turned right on another line I have at 110.045 4 hr s/r ppa . and the 62 ema rightbelow. Hmmmm.

Haven't caught up on the thread but will now.. Hope your getting yours. Ken
Good Trading To All ; Ken Lee
  • #3,199
  • Dec 2, 2010 10:50am Dec 2, 2010 10:50am
Quoting Trotty
Ha ha!



I wish I knew the answer mate

Mine was downloaded in about an hour and a half - long live fibre broadband and slack policing of dodgy downloads in the UK!

I realise this hasn't helped one bit, sorry
I have a 25 Mbit/s connection.

Chris Lori's course sounds interessting but anyway I think I'm not lost without it.
  • #3,200
  • Dec 2, 2010 10:53am Dec 2, 2010 10:53am
Quoting Kenneth Lee
I hit my 20% around noon yesterday so haven't been trading much .
Hi Ken,
You reached 20% of your acc in 3 days? That's great.
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