Ken's Continuing Successes with EO's system

Thank you very much Ken for your dedication to help others, I really appreciate all the hard work you did and still doing on that regard. Please don't stop posting. I like your idea of starting another thread related to Supply/Demand trading. I think that is the best way to preserve the integrity of this trading method and avoid confusions. I think that EO's thread and your thread are great and I also think that both are complete, with all the information needed to have a clear understanding of this trading style. You have made a great contribution to it. Both threads where eye opening for me to be able to understand the market. I know that I still have a lot to learn, but finding these threads made a big difference on my trading and I am really grateful to you for that.

Keep on the good work.

Remember to keep your Higher time frames in mind when choosing an area... Here is a chart of several prospective areas. once the major trend breakes.... Look for a reversal in higher time frame area..
I hope this chart makes sence.. the key is the blue daily reversal area.http://my.jetscreenshot.com/5685/201...wclk-167kb.jpg

Reading my way through. First Thread I've come across that talks about Supply and Demand and references Sam Seidon who, IMHO, provides nuggets of Gold in his reviews.

Just some personal views on this chart. I may not have placed a PO at the top level because of the two previous touches. But even if you did place 4 po's on all 4 demand levels. and the first two failed. the third has made up for those plus a bunch and the fourth hasn't been hit yet. which makes it even stronger.

Here is a link a friend sent me . I don't know if any of you have seen Boris before but he is a analyst for a lot of different brokers and such.

http://www.bkforexadvisors.com/boris...n-destruction/

But here is a professional trader who still finds issue with emotions take control of his trading. But has the fore thought to close all and step back.

This is the single issue i continue to struggle with and i think a lot do as well. But i have yet to find a simple productive procedure to eradicate it from my trading. So the newer idea is to find a more systematic approach to trading. A more like paint by the numbers.

That has always been the thought in my mind anyway that trading in it's rawest form was a simple step a leads to step b , approach. The information in EO's thread was and is a gold mind as it shows that very clearly that each trade is followed by a another trade and a setup for each is given.

I know a lot of traders myself included have always looked at charts and have that urge and believe that we can catch every small swing on a larger swing . Making a 1000 pips off a 500 pip swing trading back and forth.

The hard part is the doing and then the seeing as your doing it. This is why most traders that do very well trade longer time frames going for the 500 and can increase on that by just adding to their winning already in the green move. If you make $1000 off a 1000 pip move or $1500 off a 500 which is better ? and the second is less stressful.

This is why S/D seems to fit my moving forward ideology. and is what I personally will focus on. I will continue to monitor this thread as it is my home page But will focus on a new one I am in the process of starting.

Hope everyone is doing well and learning what they need to win at living happy. Ken

Ps , I just watched a documentary called Mind over Money.( Available streaming from netflix) Interesting that the highest educators in the financial world can't seem to agree if emotions drive the market, yet scientific study suggest 100% that it does.

So with the above from Boris and the clear facts of my own trading and how simple problems seem to affect my trading.Was having a great week up 30% by tuesday. Then had some Modem and router issues that lead me to getting stopped out as I lost connection right before being able to move my stop to it's proper location. Then comes revenge trading and just stupid not thinking stuff. Moronic at best. So keep grounded keep outside influences at the minniuim and trade what you KNOW not what you feel.

I still think starting a trading day with a bit of whatever it takes you to clear your mind and be in a happy positive state then surround your trading with positive environment can't hurt.

The new thread will be called BS trading . Coming Soon I hope.

Trade Well Ken

Ken, just want to say that you're a true inspiration for anyone who is a new or veteran trader, seriously!

Been "trading" now for just over a year, read different threads,books,articles..etc but ever since the Sam Seiden stuff was posted (not sure if it was you or someone else) its felt right for me, dont know if anyone else feels like that?

Anyway he mentioned the Boll bands last tuesday (All Star Entry), i dont really like it myself, but i do like the target of the mid line for an exit or maybe a first target and letting say 10% - 20% run, what do you think?

I had signed up for that one myself , Then got screwed up on the time ,LOL

So I watched the recorded session on the same topic. re viewing that cleared up a thought I had that Sam probably doesn't use them himself. Which he actually said in the old recording . it is the only thing that has changed in all his recordings/ In the beginning he suggest the CCI or Slow Stochastic as a oscillator. then moved to the Bolinger . I think because it prints right on your chart.

Plus he always just says use the factory settings. So more a helpful tool than a actual indicator. I have looked at the use of a oscillator and it can be a nice tool for confirmation .plus as you said gives a decent spot for taking some profits.

But the best entries continue to be the ones that the BB and the a+ levels combine. So don't forsake the grading of the levels because of the oscillator , is what I guess I am trying to get at. That can be the beginning of another failed system.

I like the Supply demand stuff based on it's simplicity and lack of other indicators and tools to have to see move into position as well. Confirmation is great used correctly but to much also gives some the problem of this says yes that says No trouble.

But that been said I do see the positive off the bolinger , just always keep your eye on the true focus while your using them . Stay grounded.

Happy trading ken

now here is a entry tool,

chart

another chart

Hi Ken,
First time posting here, been reading a lot, the entire thread, plus other threads too, lots of good information and your analysis is very good, in my opinion.
If you are able to make 30% in two days, you need to make sure yo don't give it back. You are a trader!
Just need to focus on your strength and workout your weakness!
English is my second language so excuse any typos.
Keep going, keep trying and eventually you will get to where you want to be!
If you don't mind I will post some charts and ask some questions, so I can too get to 25 to 30% a week!

Cheers

Jose

Thanks for the response Ken

Just wondering if you, or anyone else for that matter, are using Oanda and whether you feel restricted with the amount of data you can see, if that makes any sense?

Or maybe im a total dunce and im not seeing a setting somewhere...

Hi Ken,
If you don't mind please post charts with your trades, that way readers ( me ) can see the trades and learn to spot the entries.
Thanks

Cheers!

yes it is limiting for seeing levels ,, I also have a gft account that keeps a lot of old data longer , can scroll back further. they also have weekly and monthly charts. Not sure if it is still available but there was a free charting package called rumus maybe someone knows of it and can post a link . Daily fx may also be a source. I use to use their charts as well.

Monthly and weekly data are a must to see a big picture, check this site for more data, its free
http://netdania.com/Products/live-st...rtStation.aspx

Here goes the link for Rumus platform

www.fxclub.com/rumus/

Enjoy!

Cheers

Much appreciated everyone, thank you.

Been reading a boat builders Log , Strange how things from different sources are the same . Ken

Got a book called Frugal Luxuries by Tracy McBride.

I will share some of today's chapter....

The Difficulty in Life is the Choice.

How many people drift in life because they have no plan? They have not synchronized their efforts with the aspirations. Words do not leap from a dictionary to form books... nor do successful happy lives spring into existence. They have to be thought out, planned, acted upon. You do this by taking control of your actions. How do you do that? By taking control of your thoughts. Karma is real. Our lives are reflections of us.

We must create our own happiness. We must be conscious every moment. Do not allow circumstance to guide you. Instead... be master of your thoughts and direct them toward the good, the right, the productive path. Don't ignore the negative, but do not let them guide you.

As Solomon said, As a man thinketh himself, so is he.


Plan the trade Trade the Plan

chart

Thanks for those charts; they help to have a better idea of where to look for entries and exits.

Those levels look similar to EOs thread ideas of pointing out highs and lows.

A combination of those levels with Supply and Demand bases is very strong.