Ken's Continuing Successes with EO's system

For your consideration

Cheers Ken,
i completely discounted using the Fib tool, another oversight i can now correct its funny how you can fall into the trap of selectively analysing things whilst actually missing the point, like i did. were you personally in this trade?

Just sharing what i see~

Hi

Notice nice short opportunity at top, after 1h candle reject ppa line and close under triple zero area. Pullback trade ( to this area ) was in option. Tight stop recommended.

Thanks for the chart, I am using Oanda right now and they don't over anything over a daily.

We talked a little bit lately in this thread about posting more entries from the system. GU give a textbook system entry last night during Asia---- the daily candle closed as a bearish hangman below 1.6, the high of the candle was the high of the previous day's candle. So all in one we have: 1) a hangman; 2) showing failure to get above significant resistance (1.6); 3) no new highs in 4 daily candles -- all that just off the daily chart. That's an automatic short at the previous day's high, should be held for at least the bottom of the wick; if price hadn't made it to the previous day's high should have been looking for a lower high somewhere between the close price of the hangman and the top wick (1.6 would have been very likely if we didn't get the test of yesterday's high)

That first pin the green shooting star was still in play on all those entries. A short at the top of those candles could be found on a faster chart. stop above that pin.

the confluence of the hangman adds additional strength and confidence especially a red bodied one.

Infinity was the one that told me that any signal you get for a entry is always a god signal until that signal gets stopped out ,. That is one reason those guys were taking those touch trades and getting what looked like impossible entries.

Thanks Doc. for your input and charts ..

I was short e/j, oz and gbp , closed all for some decent gains, Time of day a bit wary.

Here's another chart based on the principles that we talk about in this thread-- prior price action, significant levels, and swings/highs/lows. It's a 15m chart, to read the text you'll need to double click on the image and zoom in (so that it opens it up instead of just looking at it on the page)

Yeah if you look at the chart alongside a smaller tf chart you can almost see all the traders taking their shorts off the wick of that first controller pin. Shorts up the wick seem to work incredibly well across all time frames, especially when you have some nice confluence on the trade.

How is the holding going? Sounds like it is going very well! I think you've posted before in this thread something along the lines that it only takes 21 days to form a habit.

I did not catch the original EJ and AU ride with you although I did jump along on the way a couple of times. I'm still holding GU from yesterday's high but I dumped half my position at the London fix.

Doing better was in a Loonie short last night from .9950 and covered it a BE , Was up about 1:30 am our time (eastern U.S.) saw 35 or so. and held it woke up to stop being hit.

It was ok though. , I have opened a second account for hedging, there are many times that even a retrace could be hedged to let you not take any loss of a positive position . or in this case if I hedged it at the test of the bottom I would have saved my 35 pips and made the additional past my entry.. Of course I could have reversed if I had stayed up and saw that rejected 15 min pin.

Still some work to do but better . Not taking loads of trades though.

Trying to switch from Quantity to Quality, Of trades

Speaking of shorting up the wick, here's USD/CAD 4H chart. If you check the 15M you can see where the working 4H candle showed rejection at.. on these trades, if I can't find a good entry spot on the 15M I'll just wait for a close back across the 15M 5EMA before entering.

Took that trade , exited at +134 pips quite happy

Here is a trade im currently in, im thinking it may be good for a fair few pips, could anybody else possibly see any incorrect analysis on my behalf from the chart below?
cheers
Pete.

Inserted Video

What if this is the missing part to your success.

Things that make you say Hmmm ?

Read the first page at the very least.

Here is a link to a complete set of videos of the system.

can't get the link to work sorry

Just click on the rayatpeace below the video to see all 24 videos if your interested.




I truly believe that success is a sum of parts and not a single act. That is why many may be very rich and also very miserable at the same time. My personal wish is to see everyone reach wealth as a complete person , wealthy in happiness as well in health and relationship and financially. Never forsake one for any of the other or you may find yourself a broken person.

Best Wishes, Ken

I hope everyone doesn't totally discount this information, I understand and also find it hard to digest some of these ideas.

But consider what happens in your own thought process that you can quantify.

When your on a roll trading well, how you FEEL unstoppable and can't seem to make the wrong choices. Is it that your in sync in those moments and your positive thoughts are assisting you in some way.

On the other side the one we see the most probably is when we are trading badly. We make bad trade after bad trade. Almost everything you have ever read tells you to take a step back once that happens and get your emotions under control even to demo trade until your BACK IN THE GROOVE.

It is that GROOVE I find to be elusive, I KNOW how to trade , I know the mechanics and have helped many to find their way. But have found it difficult to be as consistent as I wish.


I don't believe in BS or am I by most peoples standards religious. But a year or so ago, I had a personal ah ha moment. When i finally understood that to feel good or happy was my choice and not a result of what is around me.

That may sound kinda dumb or not important to most , But the realization that my happiness is controlled by me alone was very important to me.

If I am poor or have a bad day or whatever. I can still decide in my head to let it go and be happy. As a not so happy person most my life that is life changing.

But it also opened up a thought process of what if we can by a shift of mentality change other aspects of our life's. We see it all the time the people we know of that seemingly have everything go their way and can't fail or are just so happy and content it makes you ill. LOL

I just know that for so few to make it to true success a step from the ordinary or their already mind , thinking process can be the difference , and I hope that it is a learn-able skill set. Just like the mechanics of trading s.

True maybe by repetitious trying and winning and failing a person can develop enough habit forming ways to become successful at trading.

But I also like to think I can bring a bit more to the table than just a bunch of data, that maybe someone can take a bit more away than that.

Don't just blow off any type of self improvement because you find it a bit weird or religious. First it isn't religious. It also maybe one of the great discoveries in our time. It is the study of Quantum Physics which is the underlying issues at discussion a science not a religion.

The master key was written many years ago but the information as well as my favorite book Think and Grow Rich survive the test of time . Being tried and tested methods.

So Do a bit of self evaluating, and see if maybe a shift in your thought process could change your underlying feelings .

I think if every time you sit down at your computer to trade , that if your feel like a millionaire trader you will become one.

The Book Emotion Free Trading, address just that and has steps of how to even shift your emotional state while trading have a statement , to bring you back from the precipitate of panic.

I guess I am a bit defensive about this because I myself found any type of ideology like this hard to embrace. It always sounded a bit to new agey for me.

But as I stated in a previous post about the distribution of wealth in the world there are very few that have almost everything. What if they KNOW something we don't or that just because of nothing more than the thought that being born who they are, that they are deserving of riches is the only difference from them and us.

Sorry for the rant . I just find this to maybe more important than even being a great trader. Because being rich and unhappy is still poor to me.

Cheers Ken

Great thanks for your contribution, I also love to read and learn about subconsious mind like this way.

Hello everyone,

I want to introduce myself and just say thanks to everyone on this thread .When I started I felt lost at one point and then I came across this thread and I got confident again that you can be succesful as a retail trader.

I have been interested in forex for about six months and have been reading this thread en EO's for about four months now.

I have learned a lot from you guys, everything I know about trading so far. And I want to thank all of you a lot for this!

I think I have a good basic knowledge now. I am trading on demo right now. I'd like to share and keep on learning.

Thanks and greetings,

Dennis

Been working on this system for a while.. Having some trouble. I decided to take my last 15 trades and look them up.

I'm finding I'm doing 3 major things wrong.
1. Taking PPA trades without enough confirmation and during london when they are likely to move. Also I took a few PPA trades agenst the current trend. Would be better if I just took buy PPA trades if its trending upwards.

2. Seeing tops and reversals that arn't there. I am betting that the trend is reversing rather then letting it pull back and joining in on the trend.

3. I am jumping on a trend thats moving without waiting for a pull back. Then it pulls back to the 5 or 10 ma and I get stopped.

The best thing I think you can do is go back over your bad trades the next day when your not emotional over them and try and see where you went wrong or what you could have done better. I am going to start doing this on a regular basis.