Ken's Continuing Successes with EO's system | Page 210 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

The System Behind the System, by Merlin Jeffries 16 replies

FX Trading Journal & Continuing Education (warrensapp) 2 replies

Continuing Direction following new Daily Low or High at Close 5 replies

Just basic question on trading successes 10 replies

Would you trade this system? New system #2. 10 replies

Attachments: Ken's Continuing Successes with EO's system
Exit Attachments

Ken's Continuing Successes with EO's system

  • #4,181
  • Apr 28, 2011 1:28pm Apr 28, 2011 1:28pm
I know first bounce off an area is usually the best. What do you think about taking trades at area 2 and 3? Should they be scalp trades? normal trades? or none ?

http://my.jetscreenshot.com/5685/20110428-gusd-62kb.jpg
The only system that will work is one designed by and for yourself.
  • #4,182
  • Apr 28, 2011 1:38pm Apr 28, 2011 1:38pm
Quoting bloodpoodle
I know first bounce off an area is usually the best. What do you think about taking trades at area 2 and 3? Should they be scalp trades? normal trades? or none ?

http://my.jetscreenshot.com/5685/20110428-gusd-62kb.jpg

You can see that each test of that area the price went inside your zone a bit deeper . That is showing the depletion of those orders. So just be careful and keep a eye on how far they go in the area also when they close within that is showing it is getting closer to POP out the other side , Just use a decent stop and you should do OK
but this is why we watch more than One pair so we cane only take A+ levels.
Good Trading To All ; Ken Lee
  • #4,183
  • Apr 28, 2011 1:40pm Apr 28, 2011 1:40pm
Quoting Kenneth Lee
You can see that each test of that area the price went inside your zone a bit deeper . That is showing the depletion of those orders. So just be careful and keep a eye on how far they go in the area also when they close within that is showing it is getting closer to POP out the other side , Just use a decent stop and you should do OK
but this is why we watch more than One pair so we cane only take A+ levels.

Plus you can see the first long went back to your TP area supply area the next ones haven't so if you can't see a 3 to1 risk to ratio it is not a trade anyway but we haven't got there yet.
Good Trading To All ; Ken Lee
  • #4,184
  • Apr 28, 2011 3:41pm Apr 28, 2011 3:41pm
If you look at OZ you will see tat trade i took did finally make it to the better Supply level around 1.0925 to 1.0937, Have to develop that trust on targets a bit more.
Good Trading To All ; Ken Lee
  • #4,185
  • Apr 28, 2011 3:50pm Apr 28, 2011 3:50pm
chart
Attached Image (click to enlarge)
Click to Enlarge Name: querry b.jpg Size: 197 KB
Good Trading To All ; Ken Lee
  • #4,186
  • Apr 28, 2011 8:30pm Apr 28, 2011 8:30pm
took a short off supply level on OZ the next higher one. nearer the top
Attached Image (click to enlarge)
Click to Enlarge Name: querry b.jpg Size: 209 KB
Good Trading To All ; Ken Lee
  • #4,187
  • Apr 29, 2011 9:55am Apr 29, 2011 9:55am
Hey Ken, long time....good to see things are going well for you, nice work with the s/d. Are you combining this with eo's system? Or trading it instead of? All the best trading to you.
  • #4,188
  • Apr 29, 2011 1:04pm Apr 29, 2011 1:04pm
Quoting lazyboy
Hey Ken, long time....good to see things are going well for you, nice work with the s/d. Are you combining this with eo's system? Or trading it instead of? All the best trading to you.

Right now I am just observing it, but seems to have some great merits. especially for me and TP targets, I guess I took 6 or 7 trades using S/D levels and each one at the very least made it to the next level some much further .

So that is a first focus. If nothing else everyone should see the value in using this information for tightening up their s/r lines take some of the guess work out of placing them.

I may stray away from the EO ideas , But the trades taken by EO and The best traders were based more on touches of significant areas with the intuition to see where it would go.

So many may feel this is a move from it or a better understanding of it , Take your pick .

Hope your doing well, Ken
Good Trading To All ; Ken Lee
  • #4,189
  • Edited 10:58am Apr 30, 2011 10:32am | Edited 10:58am
summary
Attached Image (click to enlarge)
Click to Enlarge Name: find S D t.jpg Size: 239 KB
Good Trading To All ; Ken Lee
  • #4,190
  • Apr 30, 2011 11:14am Apr 30, 2011 11:14am
As you may noticed there is more importance put into finding the levels for your lines than anything else .

You will see that the entries are simple and not the main part knowing the best areas is the main thing.

You can just use this information to better your S/R choices for better entries within your current system. Which should give you less draw down trades.

have a great weekend Ken
Good Trading To All ; Ken Lee
  • #4,191
  • Apr 30, 2011 11:27am Apr 30, 2011 11:27am
Hi Ken:

It is possible to post your summary in a pdf? I can't read it at all. When I enlarge it, it's still blurry.

On the other hand, it just might be me. I really need to get my eye prescription checked:nerd:
  • #4,192
  • Apr 30, 2011 1:14pm Apr 30, 2011 1:14pm
Quoting Location
Hi Ken:

It is possible to post your summary in a pdf? I can't read it at all. When I enlarge it, it's still blurry.

On the other hand, it just might be me. I really need to get my eye prescription checked:nerd:
try this
Attached Image(s) (click to enlarge)
Click to Enlarge Name: find S D u.JPG Size: 214 KB
Click to Enlarge Name: find S D v.JPG Size: 233 KB
Good Trading To All ; Ken Lee
  • #4,193
  • Apr 30, 2011 1:15pm Apr 30, 2011 1:15pm
Perfect. Thanks.
  • #4,194
  • Apr 30, 2011 1:24pm Apr 30, 2011 1:24pm
Quoting Kenneth Lee
try this
Kenneth,

Thanks for producing another great piece of work. It will be added to my trading materials.
  • #4,195
  • May 1, 2011 11:38am May 1, 2011 11:38am
Now is the time to mark the new levels on your charts and see how they play out. I have placed 19 Limit orders on levels most are fresh no retest in recent times. Many may not get tripped for a few days we will see.

Hope everyone has a great trading week. Ken

Ps this is over about 1o pairs
Just the best levels

I have none on the gbp yet.
Good Trading To All ; Ken Lee
  • #4,196
  • May 1, 2011 1:22pm May 1, 2011 1:22pm
Hi Kenneth,

Thanks for going into the s/d zones. They really give a clearer picture on what to look for.

I have two questions about the chart on the guide you posted.

1. Why didn't you mark the high as a s/d zone on the chart? Is it because you didn't like how price left the area or is there a different reason?

2. The zone's you marked at the lows. How do approach putting PO's in those zone's? Do you put a PO in both zone's or only the bottom one to limit risk?

Thanks,

Dennis
  • #4,197
  • May 1, 2011 6:22pm May 1, 2011 6:22pm
frist trade of the month off supply /demand.
went from pink line to gap was my target...
If I held a few mins longer could have got +40 instead of +20
I should have played the shampoo too. But a win is a win!
http://my.jetscreenshot.com/5685/20110501-s2br-34kb.jpg
The only system that will work is one designed by and for yourself.
  • #4,198
  • May 1, 2011 9:42pm May 1, 2011 9:42pm
I read through you entire log and have been immensely blessed by the teaching you have provided....I banked 16 pips on your methods tonight just by reading candles...Ill post a chart, but I look forward to more of your critiques.

By the way, I feel wayyyyyyy less stress entering trades...I used the 15 / 30 min charts on E/U...thanx again.
  • #4,199
  • May 1, 2011 11:23pm May 1, 2011 11:23pm
Quoting Mister S
Hi Kenneth,

Thanks for going into the s/d zones. They really give a clearer picture on what to look for.

I have two questions about the chart on the guide you posted.

1. Why didn't you mark the high as a s/d zone on the chart? Is it because you didn't like how price left the area or is there a different reason?

2. The zone's you marked at the lows. How do approach putting PO's in those zone's? Do you put a PO in both zone's or only the bottom one to limit risk?

Thanks,

Dennis
yes the top level is the best, was just showing what to look for without making the chart to busy.

As for the second we haven't touched on the entries yet . Will start on that soon .

I will say 4 of my PO's went off got stopped on 3 when price spiked after the news . But not to worry One is green and making back the losses as I type. That is one pint mentioned though is to try and not take to many trades with one currency as one side as you can find yourself losing more than you should. All three had the US dollar in them.

Oh well next bus
Good Trading To All ; Ken Lee
  • #4,200
  • May 1, 2011 11:25pm May 1, 2011 11:25pm
Quoting bloodpoodle
frist trade of the month off supply /demand.
went from pink line to gap was my target...
If I held a few mins longer could have got +40 instead of +20
I should have played the shampoo too. But a win is a win!
http://my.jetscreenshot.com/5685/20110501-s2br-34kb.jpg
Very nice . ken
Good Trading To All ; Ken Lee
5 traders viewing now