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Ken's Continuing Successes with EO's system

  • #4,061
  • Apr 12, 2011 11:58am Apr 12, 2011 11:58am
Quoting Trotty
LOL!

I know exactly what you mean about the webinars but the principles in there are great and very useful to know. You can pick it all up from the threads though, of course.

To make matters worse, I tried to go through all his webinars in like 1 week, and I think he had 22 or 24 videos that were 45 minutes a piece. So yeah after a few hours of that, haha.. I found some really great stuff on the threads that I didn't see in his videos, but that might well be because I couldn't finish all of them.

Quoting Trotty
Hope you're still creaming the markets Doc
I've been doing well, although the big pip days are a rarity for me now -- I have a rule that I stop trading at 40 pips per day during any week that I increase my lot size. So I either get another lot or I get to trade freely, but not both. I found that I can't do both, it just doesn't work for me.
  • #4,062
  • Apr 12, 2011 11:59am Apr 12, 2011 11:59am
Quoting dr mongolia
Yeah the tendency is always to post winning trades, so on some level you start getting the impression that everyone is hitting 90%+ . But of course, to make money, you just need to make money! Doesn't need to be fancy.
Oh yea no doubt, there is a big difference between trading to be right, and trading to make money. I know iv been trapped in the first category, we all probably have, but im definitely liking the last one a bit better
  • #4,063
  • Apr 12, 2011 12:05pm Apr 12, 2011 12:05pm
Somebody knows what's the hit rate of sam seiden?
  • #4,064
  • Apr 12, 2011 12:19pm Apr 12, 2011 12:19pm
Quoting MCFly
Somebody knows what's the hit rate of sam seiden?
No idea, I do know however that one of his criteria for taking a trade is 3:1 in risk reward though
  • #4,065
  • Apr 12, 2011 12:28pm Apr 12, 2011 12:28pm
Quoting MCFly
Somebody knows what's the hit rate of sam seiden?
What do you mean mate? The hit rate he has or the hit rate using his methods?

Not sure anyone could accurately verify either
  • #4,066
  • Apr 12, 2011 12:32pm Apr 12, 2011 12:32pm
Quoting dr mongolia
To make matters worse, I tried to go through all his webinars in like 1 week, and I think he had 22 or 24 videos that were 45 minutes a piece. So yeah after a few hours of that, haha.. I found some really great stuff on the threads that I didn't see in his videos, but that might well be because I couldn't finish all of them.



I've been doing well, although the big pip days are a rarity for me now -- I have a rule that I stop trading at 40 pips per day during any week that I increase my lot size. So I either get another lot or I get to...
A lot of traders could learn a great deal from that level of control I reckon
  • #4,067
  • Apr 12, 2011 12:32pm Apr 12, 2011 12:32pm
Quoting Trotty
What do you mean mate? The hit rate he has or the hit rate using his methods?

Not sure anyone could accurately verify either

Yeah with any PA method the results are going to differ dramatically depending upon how good you are at reading your charts.. but as long as you learn to read your PPA/PA, any of the methods will put more in your pocket then they take away
  • #4,068
  • Apr 12, 2011 12:41pm Apr 12, 2011 12:41pm
Quoting Trotty
What do you mean mate? The hit rate he has or the hit rate using his methods?

Not sure anyone could accurately verify either
Hi Trotty,

you can tell me both when you can/want.

What are your expiriences with his trading style.
  • #4,069
  • Apr 12, 2011 1:03pm Apr 12, 2011 1:03pm
I only post good trades and good entries . I am not giving calls on trades, But trying to teach how to win trades. If some would rather learn to lose we can just post losing trades,

My only goal with any information I have ever provided is to help myself as well as others to SEE how price flows. It is and always will be up to the person to take the trade , live with the stop loss and accept the gains provided.

Just as a person in one part of the world could be very happy living off a few hundred dollars a week others would find a few thousand a struggle. In my time trading though I have been all over the place doing really well and really bad.

And I know without a doubt that as you start to win you will start to hold for bigger gains .

I have said many times . the key to making it in forex is to lose the least.

Or as is posted on many threads. Cut the losses and the winners will take care of themselves.

So just concentrate on what you can clearly see and the trades you absolutely love to take without any hesitation and that is the start .

If we just sit around and compare the size of our egos , what is the point , I can care less what anyone else is doing I just like that they share what is working for them .

Cheers Ken
Good Trading To All ; Ken Lee
  • #4,070
  • Apr 13, 2011 2:11pm Apr 13, 2011 2:11pm
Quoting MCFly
Hi Trotty,

you can tell me both when you can/want.

What are your expiriences with his trading style.
Well as I said earlier, it's more complimentary to what we do here. It's about looking at the strength and speed of a move away from consolidation, showing how out of balance buyers and sellers became at the point. The sharper the move, the more out of balance they were and hance the higher probability that there will be more buyers/sellers at those key areas when price revisits it.

It hasn't revolutionised my trading but helped me make more sense of the charts.
  • #4,071
  • Apr 13, 2011 2:47pm Apr 13, 2011 2:47pm
There is a problem which bothering me lately...

If I see a signal and I want to take a trade and then I see that soon (within an hour or an hour and half - for example: London opening and often an hour and half after that there are some important news concerning gbp) the important news will be released then I start to think: "should I take this trade or not" , because the news can easy change the direction of the move and volatility gets increased as well (so the stop could be hit easy).

Does anybody have any suggestion what to do in such case?
  • #4,072
  • Apr 13, 2011 4:29pm Apr 13, 2011 4:29pm
Quoting aljosas
There is a problem which bothering me lately...

If I see a signal and I want to take a trade and then I see that soon (within an hour or an hour and half - for example: London opening and often an hour and half after that there are some important news concerning gbp) the important news will be released then I start to think: "should I take this trade or not" , because the news can easy change the direction of the move and volatility gets increased as well (so the stop could be hit easy).

Does anybody have any suggestion what to do in such case?...
if setup is A+ go for it ..dont forget to use stop loss...
its allways better not to trade during the news..... but with experience you will know what to do at that moment... remember there is enough trades with out the news time...if you are not comfortable dont trade.. dont force your self to trade.. ..
all the best
Regards
sho
  • #4,073
  • Apr 13, 2011 5:14pm Apr 13, 2011 5:14pm
Quoting trade price
if setup is A+ go for it ..dont forget to use stop loss...
its allways better not to trade during the news..... but with experience you will know what to do at that moment... remember there is enough trades with out the news time...if you are not comfortable dont trade.. dont force your self to trade.. ..
all the best
Regards
sho
Hey Sho!

Very nice to see you here, hope trading and life is going great!

I agree as well, if its a solid setup im taking it whether news are coming out or not. I always used to stay out during volatile news events but found that more often than not price would respect the area regardless.
  • #4,074
  • Apr 13, 2011 5:23pm Apr 13, 2011 5:23pm
Hey Kodziro! Im seeing you lurking here as well, long time since iv seen your polish quality charts here!

Your rocking the 1h and session trades as usual? EJ had a nice short when frankfurt tested and failed to close higher then the asian high this morning
  • #4,075
  • Apr 13, 2011 7:28pm Apr 13, 2011 7:28pm
Quoting aljosas
There is a problem which bothering me lately...

If I see a signal and I want to take a trade and then I see that soon (within an hour or an hour and half - for example: London opening and often an hour and half after that there are some important news concerning gbp) the important news will be released then I start to think: "should I take this trade or not" , because the news can easy change the direction of the move and volatility gets increased as well (so the stop could be hit easy).

Does anybody have any suggestion...

This is 3 hrs. By that time most trades are either in good profit with a stop in the green area as well,

But be careful as some brokers can and do slip stops during high volatility, If you don't know if yours does find out, Also spreads can change and you can find a profitable trade in the red but if your trade is good and the news is as expected your trades will normally be OK .

Another thing is if you look back you can see most of the times that the direction is moving in the direction it will continue even after the news release, If not this is why we have stops.

I personally will not take a trade within about 15 min of a (red) important news release. The price just gets a bit to volatile for me that close . After the release keep your technical analysis in mind and have your major areas of concern spotted.

As one thing I like about news is that it can and does move price into technical zones and these can be great entries , But we must be prepared. Stop placement should already be picked out and there is not normally time for messing about.

Here is a PDF for anyone that is brave enough to trade during the news releases themselves it is a easy straight forward idea using tight stops entering after 5 minutes , I will not go into detail about this as it is a very detailed PDF and not something we normally do . But almost everyone wants to trade news after they see giant moves.

Hope everyone has had a decent week those far. Ken
Attached File(s)
File Type: pdf Exsplosive Profits.pdf   244 KB | 7,467 downloads
Good Trading To All ; Ken Lee
  • #4,076
  • Apr 14, 2011 2:44am Apr 14, 2011 2:44am
Quoting Kenneth Lee
This is 3 hrs...
I was probably not clear enough (pardon my english). London opening is let's say at 9:00 and news come out at 10:30.

..and THANKS to EVERYBODY who answered my question. It is very helpful...
  • #4,077
  • Apr 14, 2011 3:18am Apr 14, 2011 3:18am
Quoting aljosas
I was probably not clear enough (pardon my english). London opening is let's say at 9:00 and news come out at 10:30.

..and THANKS to EVERYBODY who answered my question. It is very helpful...
Here is my take on it.

I will rarely enter a trade 15 minutes before either London open or a major news event. I will then wait for about 5 minutes after both to see if it's going to affect movement much. If I don't see a great deal of volatility, i'll be back into looking for a trade.

If I am in a trade already, I don't let London open worry me too much, just trust the technicals. If I am in a trade and a major economic announcement is coming, I will consider closing it down if I am still quite near to my stop or letting it play out if I am well into profit. If it's a really big event, I will almost always close it down though.

So in your scenario, you potentially have 1 hour 25 mins to get in a trade, take profit or get into a good enough spot to ride out the news. Either way, don't let it hold you back from entering a great setup.
  • #4,078
  • Apr 14, 2011 4:51am Apr 14, 2011 4:51am
Quoting Storeball
Hey Kodziro! Im seeing you lurking here as well, long time since iv seen your polish quality charts here!

Your rocking the 1h and session trades as usual? EJ had a nice short when frankfurt tested and failed to close higher then the asian high this morning

Hello Storeball.

Yep, still looking for that trades. But this is not only what i try to find at that time. Here`s my London/Frankfurt trading notes from my trading plan. Later maybe I put some charts examples.

Generaly i want to trade with direction of 1h 50 MA ( or with earlier reversal move) at london/frankfurt.

1. failed to close higher /lower than asia low/high( or daily low/high )
2. frankfurt close with no ( or small )wick -- usually near/at res/sup.
3. momentum test/pullback after breakout or PA ( asia l/h or 50, 00 area)
4. touch trade confluence at fibs zone, and zero line

Against 1h 50 ma, i want to see inside day, divergence, IB`s range, flat 50 ma( rules same as above ).

After session open i look for reversal sign - IB`s -or PA entering with pullback at zero line or sup/res.
  • #4,079
  • Apr 14, 2011 6:01am Apr 14, 2011 6:01am
Quoting kodziro
Hello Storeball.

Yep, still looking for that trades. But this is not only what i try to find at that time. Here`s my London/Frankfurt trading notes from my trading plan. Later maybe I put some charts examples.

Generaly i want to trade with direction of 1h 50 MA ( or with earlier reversal move) at london/frankfurt.

1. failed to close higher /lower than asia low/high( or daily low/high )
2. frankfurt close with no ( or small )wick -- usually near/at res/sup.
3. momentum test/pullback after breakout or PA ( asia l/h or 50, 00 area)
4. touch...
It is very interesting to hear how you trade the session opens, as I belive you said in an earlier post, trading with raising volume creates very nice risk reward type trades. Because of that im also much more prone to take an aggressive entry around those times simply because of that fact.

If you got the time id love to see some of your examples, my folder with kodziro trades on my computer always have room for more
  • #4,080
  • Apr 14, 2011 6:03am Apr 14, 2011 6:03am
first chart


Ps. got 2 ib today ( reversal sign ) after session open, zero area was a perfect trigger
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