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Ken's Continuing Successes with EO's system

  • #3,941
  • Mar 23, 2011 2:10pm Mar 23, 2011 2:10pm
chart
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Good Trading To All ; Ken Lee
  • #3,942
  • Mar 23, 2011 2:42pm Mar 23, 2011 2:42pm
chart
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Good Trading To All ; Ken Lee
  • #3,943
  • Mar 23, 2011 2:52pm Mar 23, 2011 2:52pm
chart of the other possibility
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Good Trading To All ; Ken Lee
  • #3,944
  • Mar 23, 2011 3:07pm Mar 23, 2011 3:07pm
chart different way to SEE
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Good Trading To All ; Ken Lee
  • #3,945
  • Mar 23, 2011 10:30pm Mar 23, 2011 10:30pm
hello guys..hope i am not too late to join you guys...still on page 100..
i think i see a setup on EU just now...H4 50 EMA,H1 pinbar n PPA and 15 double bottom as well although daily is still showing bearish...any comment guys....still learnig too...

hope my english is understandable...

and ken how about your daily 20 pips bro...

edit: approaching yesterday low also....
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  • #3,946
  • Mar 23, 2011 10:48pm Mar 23, 2011 10:48pm
Quoting steven_leo
hello guys..hope i am not too late to join you guys...still on page 100..
i think i see a setup on EU just now...H4 50 EMA,H1 pinbar n PPA and 15 double bottom as well although daily is still showing bearish...any comment guys....still learnig too...
it breaks lower now....any comment with this one...want to learn from you guys....
something wrong with this setup or i am trying to turn the price blindly or it is just a "fail" trade and should change my position to short on the retest...?
will you take the long pos when it was double bottom..?or no and why...?
sorry for this lot of question....
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  • #3,947
  • Mar 23, 2011 10:51pm Mar 23, 2011 10:51pm
aud chf....waiting mode : on.....
<this is not a trade recommendation>
for learning purpose only....still new to this method....
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  • #3,948
  • Mar 23, 2011 11:35pm Mar 23, 2011 11:35pm
chart
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Good Trading To All ; Ken Lee
  • #3,949
  • Mar 23, 2011 11:39pm Mar 23, 2011 11:39pm
A series of Lower Highs is what forms a descending triangle when the Lows are equal. The opposite is true of Higher Lows against a series of equal highs.

http://www.chartpatterns.com/descendingtriangles.htm

http://www.chartpatterns.com/ascendingtriangles.htm
Good Trading To All ; Ken Lee
  • #3,950
  • Mar 23, 2011 11:44pm Mar 23, 2011 11:44pm
e/u is showing the signs to turn getting tighter swings and the almost equal lower lows, So we will keep a eye on it to form a a possible higher high followed by a higher low, The higher low would be the long entry. we can also get a lower high then a higher low. 1.4100 is a possible for a short as it would be a retest of a big number 00.
Good Trading To All ; Ken Lee
  • #3,951
  • Mar 23, 2011 11:48pm Mar 23, 2011 11:48pm
Quoting Kenneth Lee
chart
i see...thank you for the explaination ken......
  • #3,952
  • Mar 24, 2011 12:07am Mar 24, 2011 12:07am
Quoting Trotty
Actually, no.

But, we should try and consult them as a matter of course anyway and using your higher TF's for M15 entry is the way we trade here as a norm and the way we should always look to highlight our best entry areas.

But, if you are struggling to make it all work together, it is possible to take some entries without the higher TF's being vital to your success and here is one example.

We are in a strong move down here and when price began to retrace north, I looked for signs of whether the bounce had momentum or not and if not, where we...
Awesome trading and great explanation. i was watching this trade develop and didn't see it as clearly as you. i am also confused sometimes by HTF. Your explanation helps me a ton. Thanks.
Making money is easy- Just dont take losing trades
  • #3,953
  • Mar 24, 2011 12:41am Mar 24, 2011 12:41am
Kudo's to Ken for helping others.
Excellent work
Thanks.
  • #3,954
  • Mar 24, 2011 2:37am Mar 24, 2011 2:37am
Quoting Survivor
Awesome trading and great explanation. i was watching this trade develop and didn't see it as clearly as you. i am also confused sometimes by HTF. Your explanation helps me a ton. Thanks.
You're welcome and thanks.

I did promise more charts but i've been so busy with that dirty word, work, recently
  • #3,955
  • Mar 24, 2011 7:48am Mar 24, 2011 7:48am
AU..Daily hitting ressistance area n fibo 50%..H4 near 150 sma...m15 lower high n etc....
testing my patience not to close this one early.....

edit...AudChf not AU lol....btw stop loss at extreme high...
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  • #3,956
  • Mar 24, 2011 9:33am Mar 24, 2011 9:33am
Very busy with meetings in the coming days so this may be my last chart for a few days but I am eager to get back to contributing to the thread in my quieter work times.

Reasons for this. It's a breakout retest. See the blue line, multiple recent tests but it also formed obvious resistance earlier in Asia and then got broken in London. As we know, resistance becomes support. Not always but often enough.

Then we see the fibs and the fact that it makes it around the 38 area and certainly in our fib trading zone. The white dotted line is the daily open which is often good for some S+R and I have another big round number to place my stop behind with a degree of comfort. Finally, the green and brown MAs are our intraday MAs, 35/50.

Entry on that blue line and a 12 pip stop.
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  • #3,957
  • Mar 24, 2011 10:07am Mar 24, 2011 10:07am
Quoting Trotty
Very busy with meetings in the coming days so this may be my last chart for a few days but I am eager to get back to contributing to the thread in my quieter work times.

Reasons for this....

Beautiful trade Trotty http://www.forexfactory.com/images/icons/icon14.gif . Went long at EJ with similar reason ( + USA open in mind )at 114.21.
Notice also nice opportunity earlier after frankfurt open with asia low at 1.4070.
  • #3,958
  • Mar 24, 2011 10:11am Mar 24, 2011 10:11am
Quoting kodziro
Beautiful trade Trotty http://www.forexfactory.com/images/icons/icon14.gif . Went long at EJ with similar reason ( + USA open in mind )at 114.21.
Notice also nice opportunity earlier after frankfurt open with asia low at 1.4070.
Thanks man and you. They took off rather nicely eh?
  • #3,959
  • Mar 24, 2011 10:38am Mar 24, 2011 10:38am
Quoting Trotty
Very busy with meetings in the coming days so this may be my last chart for a few days but I am eager to get back to contributing to the thread in my quieter work times.

Reasons for this....
Awsome trade man I actually took that baby short to that area but never reversed, wouldve been a sweet combo and you definitely picked the good one of the two!
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  • #3,960
  • Mar 24, 2011 10:47am Mar 24, 2011 10:47am
Quoting Storeball
Awsome trade man I actually took that baby short to that area but never reversed, wouldve been a sweet combo and you definitely picked the good one of the two!
Ha, we are well on the same page mate as I was going to take that short too but work distracted me!! Nice trading sir.

Just taken a quick scalp off the top here as well, ppa with YH there, just a few pips higher.

Something our old friend "Bob" taught me

EU playing really nicely today.
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