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Ken's Continuing Successes with EO's system

  • #3,881
  • Mar 6, 2011 8:23pm Mar 6, 2011 8:23pm
Quoting LaBoca
Ken or Anyone else,

How do you attach images so they show up as 'attached thumbnails'?

Thanks and advance!

I use Ctrl / PRTScn , them load into paint and do any editing then
save , as jpg for size consideration , bitmaps are to big

Then under attachments just browse and attach it
Good Trading To All ; Ken Lee
  • #3,882
  • Mar 7, 2011 7:34am Mar 7, 2011 7:34am
Hi Kenneth,

Attached is a M15 chart. When u are free, please take alook and see is my analysis correct on the shooting star and the way of trading it.
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 44 KB
  • #3,883
  • Mar 7, 2011 8:34am Mar 7, 2011 8:34am
Quoting Ray_1
Hi Kenneth,

Attached is a M15 chart. When u are free, please take alook and see is my analysis correct on the shooting star and the way of trading it.
That is hammer which was a long signal but where it formed within the current price action made it very risky . to far down the previous swing. It would normally and did test the bottom .

My idea for a play in that price action would be to wait for a swing back up that forms a lower high and short.

That because as I stated above it has pulled way down towards the bottom of the previous swing. If your hammer had formed closer to those two green lines it would have been within the trading zone area. ( fib levels ) with PPA confluence.

it is a inverted hammer sorry for that ..
Attached Image (click to enlarge)
Click to Enlarge Name: Monday.JPG Size: 184 KB
Good Trading To All ; Ken Lee
  • #3,884
  • Mar 7, 2011 8:40am Mar 7, 2011 8:40am
Here is something Infinity might like:

There are only two things to worry about.

Either you are making pips or you are losing pips.

If you are making pips, then there is nothing to worry about.

But if you are losing pips, there are only two things to worry about.

Either you placed Stop Loss or you did not.

If you placed Stop Loss, there is nothing to worry about.

If you did not, there are only two things to worry about.

Either you will kill the trade or you won’t.

If you kill the trade there is nothing to worry about.

But if you don’t, you'll be so damn busy pulling out hairs from your ass you wouldn't have time to worry!
  • #3,885
  • Mar 7, 2011 8:42am Mar 7, 2011 8:42am
Quoting Komissar
Here is something Infinity might like:

There are only two things to worry about.

Either you are making pips or you are losing pips.

If you are making pips, then there is nothing to worry about.

But if you are losing pips, there are only two things to worry about.

Either you placed Stop Loss or you did not.

If you placed Stop Loss, there is nothing to worry about.

If you did not, there are only two things to worry about.

Either you will kill the trade or you won’t.

If you kill the trade there is nothing to worry about.

But if...
so very true
Good Trading To All ; Ken Lee
  • #3,886
  • Edited Mar 8, 2011 4:46am Mar 7, 2011 3:10pm | Edited Mar 8, 2011 4:46am
Quoting Kenneth Lee
so very true
Ahhh Infinity .....Patience + Discipline - Greed = Success !!!!!!!

Ken, can you bring him back?
It's a dirty job but someone's gotta do it!
  • #3,887
  • Mar 8, 2011 7:43am Mar 8, 2011 7:43am
Hi Kenneth,

I took a scalp trade on GU. Please take a look. On the M15, I saw a flat bottom candlestick pattern which also formed on a H1 SR level. This is a signal for me to go long. I entered when price retrace down on the next candle. After my entry candle, on the next M15 candle the H1 also closed with a pinbar. This gives me a strong signal that price will go up. So I waited and closed my trade with a +10 as I can't babysit my trades for too long.

I have a few questions:
1) Is it too risky to take this trade as the GU has been in a downtrend for a few days?
2) Should I wait for the H1 to close first before attempting a trade (As I entered based on the flat bottom on M15)
3) If you saw this setup, will you take the trade or sit on the sidelines?

Pls kindly advise when you are free.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu.png Size: 59 KB
Click to Enlarge Name: GU H1.png Size: 32 KB
  • #3,888
  • Mar 8, 2011 8:26am Mar 8, 2011 8:26am
Quoting Ray_1
Hi Kenneth,

I took a scalp trade on GU. Please take a look. On the M15, I saw a flat bottom candlestick pattern which also formed on a H1 SR level. This is a signal for me to go long. I entered when price retrace down on the next candle. After my entry candle, on the next M15 candle the H1 also closed with a pinbar. This gives me a strong signal that price will go up. So I waited and closed my trade with a +10 as I can't babysit my trades for too long.

I have a few questions:
1) Is it too risky to take this trade as the GU has been in a downtrend...
Yes once you get in a trade to watch the higher time frames is the key to major gains to many times we bail because of the lower time frames NOISE when the entries of the bigger charts is where real money is trading. This doesn't mean that during certain times of the day when big money isn't trading anymore we can't or shouldn't look for quick scalps.

That ability to know when is pretty hard to learn but can be learned. I like to think after London Fix a bird in the hand is better than two in the bush .
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Tuesday.JPG Size: 232 KB
Click to Enlarge Name: Tuesday a.JPG Size: 217 KB
Good Trading To All ; Ken Lee
  • #3,889
  • Mar 8, 2011 8:27am Mar 8, 2011 8:27am
Your ability to share your knowledge with other trader shows how far you will go in life.

Life is a given and take process and will encourage that you and your team keep's it up.
  • #3,890
  • Mar 8, 2011 8:33am Mar 8, 2011 8:33am
Did we have a clue where it would turn . Of course we did
In The Zone
Attached Image (click to enlarge)
Click to Enlarge Name: Tuesday b.JPG Size: 210 KB
Good Trading To All ; Ken Lee
  • #3,891
  • Mar 8, 2011 8:43am Mar 8, 2011 8:43am
Quoting Kenneth Lee
Yes once you get in a trade to watch the higher time frames is the key to major gains to many times we bail because of the lower time frames NOISE when the entries of the bigger charts is where real money is trading. This doesn't mean that during certain times of the day when big money isn't trading anymore we can't or shouldn't look for quick scalps.

That ability to know when is pretty hard to learn but can be learned. I like to think after London Fix a bird in the hand is better than two in the bush .

Looking like the 4 hr will close with a pretty long green body, The issue with the 4 hr is what time frame does yours close on . and what time frame are the big boys using , Think GMT would be a better choice ,
Good Trading To All ; Ken Lee
  • #3,892
  • Mar 8, 2011 8:59am Mar 8, 2011 8:59am
We need to start really SEEING what is in front of us on our charts , Like right now scanning the charts . Look at the OZ if your time lines are like mone they are showing a 8 am to 12 space that is a 4 Hr candle . within that space we have a V formation That V is a long Wick.which means we are forming a nice green bodied Hammer.

A long signal, the bottom of the wick bounced right off a S/R line I have on my chart More confluence
Attached Image (click to enlarge)
Click to Enlarge Name: Tuesday c.JPG Size: 203 KB
Good Trading To All ; Ken Lee
  • #3,893
  • Mar 8, 2011 9:02am Mar 8, 2011 9:02am
Hey guys just popping in to check the thread. Here's a 4H chart for an easy A/U trade -- it's almost identical to the one I posted last week. I got a question about the one last week because I didn't explain it very well so here's a more thorough explanation of this one.

I redrew the solid while TL (not the dotted one) after the lower low last week and then I circled the area in red where you see the intersection of the 61.8% fib, 200SMA, TL, and 4H S/R. I usually have 1 or 2 of these circles on my 4H chart for each pair to trade, and they give me easy locations to look for high percentage trades. I always wait for 15M PA at these areas, I am not good at touch trades unless I'm taking them out of a range.

I also included the 15M chart this time (second chart). The area marked with the diagonal lines and the way the next area reacted are very significant. We went into that area with a large red candle, then we had some very significant consolidation and then a large momentum break of that area. Like I said last week, after that momentum, the candles that DON'T print are just as important, if not more important, to me than the candles that do print. In this case instead we have 2 small body bear candles that can't set a new low, followed by a a bull candle that closes higher than the previous candle's close after testing a new low. This is my signal to go long.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AU 4H.png Size: 33 KB
Click to Enlarge Name: AU 15M.png Size: 23 KB
  • #3,894
  • Mar 8, 2011 9:11am Mar 8, 2011 9:11am
And the OZ just closed and it is ?
Attached Image (click to enlarge)
Click to Enlarge Name: Tuesday d.jpg Size: 202 KB
Good Trading To All ; Ken Lee
  • #3,895
  • Mar 8, 2011 9:19am Mar 8, 2011 9:19am
Quoting dr mongolia
Hey guys just popping in to check the thread. Here's a 4H chart for an easy A/U trade -- it's almost identical to the one I posted last week. I got a question about the one last week because I didn't explain it very well so here's a more thorough explanation of this one.

I redrew the solid while TL (not the dotted one) after the lower low last week and then I circled the area in red where you see the intersection of the 61.8% fib, 200SMA, TL, and 4H S/R. I usually have 1 or 2 of these circles on my 4H chart for each pair to trade, and they give...
For some reason it is nice to see that final push and failure to close below our entry areas. I guess in my mind I feel that it was the last straw or the last bit of stops were collected so we get the signal to go long. A entry off the spinning top which isn't a real signal would have you figiditing about as you experienced some draw down. and possibly doubting your entry.

My stops as I have said in the past are more based on a candle close than just a spike. I have seen many a good trader get kicked off a trade like this because they took it to soon and had a to tight a stop .

Thanks for taking the time to share Doc . Very Nice

Now if it will break this area might be a runner .
Good Trading To All ; Ken Lee
  • #3,896
  • Mar 8, 2011 9:22am Mar 8, 2011 9:22am
If that daily candle on OZ could print with a green body could be sweet after the bounce off that fib level been range bound for to long
Good Trading To All ; Ken Lee
  • #3,897
  • Mar 14, 2011 6:04pm Mar 14, 2011 6:04pm
Hope some of you got the short on the OZ off the double top. played out well.
Attached Image (click to enlarge)
Click to Enlarge Name: Monday.JPG Size: 182 KB
Good Trading To All ; Ken Lee
  • #3,898
  • Mar 15, 2011 3:11am Mar 15, 2011 3:11am
Hope some slept on that entry , Heck of a move last night .
Good Trading To All ; Ken Lee
  • #3,899
  • Mar 15, 2011 4:28am Mar 15, 2011 4:28am
Here are a couple of long scalps I just took on e/u and gbp
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Tuesday 1.JPG Size: 268 KB
Click to Enlarge Name: Tuesday 2.jpg Size: 220 KB
Good Trading To All ; Ken Lee
  • #3,900
  • Mar 15, 2011 4:36am Mar 15, 2011 4:36am
I personally am in a holding pattern on these two pairs until they show their hand.
a possible short from my tp's could have been a possibility
but where price is sitting not sure it will break those support areas . so waiting

time for a bike ride and check the mail (post for you UKers)
Good Trading To All ; Ken Lee
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