Ken's Continuing Successes with EO's system

eurusd M30 demand level one hour ago

Hi, Ken and all
Long time no see, you are you guys doing?
Recently I saw an indicator which can show 3 high time frame candles in current chart.
If you guys ever see or have such indicator, please share with me. Thankshttp://www.forexfactory.com/attachme...1&d=1306313219

Hey McFly.

I'm aware of the VSA concept from seeing it on the forums but don't really know anything about it or, for that matter, how much of a part volume plays in the forex markets. As with all of these things, if it helps an individual obtain more consistency/success then that's all that matters (this is where those poor cats get skinned plenty of different ways).

Fundamentally, EO's approach was similar to many methods out there (including supply & demand) in that he looked to trade to, from, and in between levels of interest with price action as his guide and the ma's as balance points. His additional specials such as the 62ma, 35/50, & 35+35 trades were great bonuses. I suppose if you think about it, EO, Infinity, Pippinole etc were masters of supply & demand as they would be constantly looking for opportunities to trade both ways, reversing direction in a flash when price action told them buyers/sellers (big boys) were coming into the market and they would join the ride.

My personal eureka! experience with EO was learning how price action plays out across multiple time frames. I don't feel I've had to "tweak" the methods he taught, I just realised I needed to get better at the key elements of price action and identifying areas of interest. There's no short-cut to learning price action and you just have to do the chart time, but with identifying areas of interest I found my trading improved when I moved away from purely defining S&R as horizontal lines (too defined) and instead saw them as areas of buying/selling activity (supply & demand).

As always, Ken's doing a great job sharing his learnings on S&D so I'll step out of the way and let him carry on with the great charts/explanaitions

Macc

Hmmm! As a Berliner I wonder if you're a Hertha fan and that's why you're talking about "successful" teams because you've just won promotion back to the Bundesliga top league . Maybe Hertha will need a good English manager with German experience to help them succeed in the top league. Maybe Steve McClaren

eurjpy M30

gbpusd M30

eurjpy M5

eurjpy M30

hi ken where are you bro
very busy for count pipage
good luck

david

Ken, DNA

can you please post some charts showing SD levels and mark out safe levels for PO trades for the upcoming Asian session and the rest of the day.

Thanks.

eurusd M30

eurjpy M30

Hey Macc,
at first glance VSA makes absolutely no sense in the forex market unless you pay for a esignal data feed. But tick volume is a very good substitute for normal volume so that VSA works even in the forex market.

When I want to learn something today it has to be about supply and demand and the behaviour of buyers and sellers in the market. Therefore I like VSA, PA, S&D levels and everything that fits this approach. No more indicators, EA's...for me. I have learned my lesson.

For example when I see a 35/50 cross and reverse trade I don't take it because it crossed the MA's with a full body candle. I only take the trade when I see that buyers/sellers are ready to mark up/down the price again and I want to get as much green lights as I can.

I'm also still a fan of multi timeframe analysis. That's the reason why I only can monitor 3 pairs. I think many S&D traders of have x forex, commodity stock and index charts open.

Nice to see that you are still making progress. Maybe you can soon earn 2000 pips a week too.

Honestly I still have problems to understand how to evaluate x pips in a period of time with mulitiple lots.

Offtopic: I'm a "East Berliner" and therefore I'm not a big Hertha fan. Steve McClaren could never work in Berlin because we don't have enough umbrellas. My weekend tip: ManU:Barca 1:2.

Just started using Sam Seiden S&D method a couple weeks ago, I am pretty new to the forums and found this thread was discussing S&D trading. Thought I would post here for feedback. This is a trade I took today on EUR/JPY.

This is my first chart post, hope it works

Jacob

Hi Ken,

a humble suggestion:

when you mark the levels and post a chart for upcoming sessions, it would be nice if you also indicate the levels that you think are suitable for placing PO's.

thanks.

Trading in a manner that
generates consistent
profitability is an
insurmountable challenge
for many aspiring traders.
The skills required to achieve
consistent performance are
broad and the attainment of
sufficient high-quality, relevant
experience difficult when such
experience does not always
result in making money at
the beginning of your career.
However, by resiliently pursuing
the identification of your
individual edge, having the self discipline
to plan in advance
your daily approach and stick
to it, and by executing trades
according to both this plan
and your edge, you will tip the
balance firmly in your favour.
Results do not come quickly in
trading and if they do, they tend
not to last. A disciplined trading
approach is an investment in
your future and you will reap
enduring, consistent rewards
if you have the strength of
character to implement it.


David Dukes
Contact: www.futex.co.uk

I read something yesterday. there are only 4 outcomes to any trade.

Big Win

Small Win

Small Loss

Big Loss

The only one we have total control over is the Big Loser. remove that from your trading and you have a 2 to1 chance to do well. make it your number one objective. Remove the Big losses.


Cheers Ken

I was thinking that the addition of Supply and Demand was a very easy addition to anyone's trading style.

The rules set forth are very straight forward, missing most of that subjectivity that encompasses many trading strategies.

But in seeing the response and replies on the thread I guess it is harder to grasp than I see it.

I am not sure I am of the mind to try and continue on this tangent as I have my own trading to consider.

The rules to picking the S/D levels are posted as well as the Odds enhancers that give everyone the levels and a grading system in black and white to help everyone to indentify the best levels for the different entries.

I have not nor will I ever (probably) provide signals. Like I said this is such a easy idea to understand compared to most other trading ideas. If your not getting it, your over thinking it. So back up re read and understand that it is as easy as it seems,

Almost to a person those that finally make it big in trading will tell you that trading is easy and down right boring most times. That just reenforces the idea that KISS is the ultimate trading idea.

KISS = Keep It Simple Stupid

Discipline is the most hard (for me anyway) part of trading.

There are many ways to view this or any market and someone is always doing well with each different idea the key is what can you SEE.

I am working on a project using S/D on 3 sub-accounts on Oanda a 30 min , 1 hr and 4 hr. Setting PO only trades and only viewing the accounts at given intervals based off the time frames.


The 30 min maybe 2 or 3 times a day . 1 hr just pre session ,4 hr once a day. Then after a given amount of time find which is delivering the best results with the least intervention by me. the ultimate goal is profitability with the least expenditure of time.

Hope your all having a great weekend. ken

Hi ken,

I totally agree with you, S and D are easy to spot and relativally easy to grade. Just reading your previous post, it is quite clear. And they fit with almost all approaches based on price action, on every TF.
In fact for me the more difficult part is on my own side: stick with a plan stick with a metodology stick since I will become bored and "profitable"... and with trust in myself.

This is the real proof for me, make simple and repeat and repeat and repeat....

Maybe a single setup, the first ret, on a good S/D level, with some confluences, with Fibs, and in harmony with the big pictures, maybe a single setup in higher TFs (4h or daily) with entries / management / exits on lower TFs (15/30&60)?

Good week end to everybody,

Alessandro

thanks ken. i agree with you, this levels are amazing
this pdf i think useful for those that like learn about S/D levels.

good luck ; david

Thanks for the article, it is a simple method in theory for sure, but it never hurts to have too much information. This is another good one that I like to show to my friends who are interested.