Attachments: B.S. Trading with Kenneth Lee

B.S. Trading with Kenneth Lee

#1
First Post: Edited May 17, 2013 2:30pm Aug 23, 2011 9:23am | Edited May 17, 2013 2:30pm

Kenneth Lee
Joined Nov 2008 | Status: Trade Inspiration Not Despiration . | 4,827 Posts

The pdf is Below ,, Sorry not the highest quality but should be enough to start a dialogue.

For many who's second language may be English or for those just starting out...the use of acronym's may present a challenge.
Something that may help ?

SD = Supply Demand
SR = Support Resistance
DBR = Drop-Base-Rise
RBD = Rise-Base-Drop
RBR = Rise-Base-Rise
DBD = Drop-Base-Drop
R/R = Risk reward ( risk as it relates to your trading equity )
DZ = Demand Zone ( also known as Demand Level ) I like Mr. Black's acronym
SZ = Supply Zone ( also known as Supply Level ) I like Mr. Black's acronym
SL = Stop Loss
TP = Take Profit
SM = Smart Money ( the group you want to follow )
DM = Dumb Money ( the group you DO NOT want to follow )
HH = Higher High
HL = Higher Low
LH = Lower High
LL = Lower Low
VS = Volume spread of the candle from it High to Low )

Feel free to add along the way..AS IT PERTAINS TO TRADING ** PLEASE **

I know that some of you are dying to get creative

TSD

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Attached File(s)

BS Trading.pdf 5.0 MB | 68,889 downloads | Uploaded Sep 28, 2011 5:00pm

Romancing the Stop.pdf 2.0 MB | 26,447 downloads | Uploaded Jul 8, 2012 10:31am

Good Trading To All ; Ken Lee

#2
Aug 23, 2011 9:58am Aug 23, 2011 9:58am

TraderinSD
Joined Feb 2011 | Status: Probabilities, Not Absolutes | 1,246 Posts

Quoting Kenneth Lee

Disliked

I am working On a PDF for this trading idea, hope to finish it this week , But wanted somewhere to share some charts so will just edit this first page , Until the pdf is complete.

Ignored

Hi Kenneth,

Well I guess the question is: " How do you determine your supply and demand zones " as illustrated on the chart example ? Always interested in those who trade using a form of support and resistance as this is how I trade. To me price is always moving between areas of support and resistance as you have shown on your chart.

TSD

#3
Aug 23, 2011 10:01am Aug 23, 2011 10:01am

Kenneth Lee
Joined Nov 2008 | Status: Trade Inspiration Not Despiration . | 4,827 Posts

Quoting TraderinSD

Disliked

Hi Kenneth,

Well I guess the question is: " How do you determine your supply and demand zones " as illustrated on the chart example ? Always interested in those who trade using a form of support and resistance as this is how I trade. To me price is always moving between areas of support and resistance as you have shown on your chart.

TSD

Ignored

will be covered in PDF fully , but number one it is not support and resistance, That terminology is one of the issues with trading the swapping of words trying to encompass many ideas. Supply and Demand is a measurable and visible thing. Not a spot on a chart just because price seems to turn that we just label it.

Anyway it is coming soon ..

Trade Well ken

Good Trading To All ; Ken Lee

#4
Aug 23, 2011 11:21am Aug 23, 2011 11:21am

Trotty
Joined Feb 2010 | Status: Trader | 1,167 Posts

Hi Ken,

I think you've done the right thing here by starting a new thread, the old one was in danger of giving out confusing/conflicting messages. At least here, everything will be "on message"

All the best with it and with adapting this approach to hopefully suit your lifestyle and psychological fit more appropriately.

For anyone new to Ken and not to make him blush in any way, he’s a patient and very good teacher but also one of the good guys. Take the time to read his stuff and you'll be a better trader for it, I promise

Cheers for now Ken

Trotty

#5
Aug 23, 2011 1:32pm Aug 23, 2011 1:32pm

leelar
| Joined Oct 2010 | Status: Trader | 285 Posts

I thought you were gone for good, PDF is cool, love to see you keep posting chart though...

ur a good teacher...

#6
Aug 24, 2011 4:30am Aug 24, 2011 4:30am

madetrader
| Joined Nov 2009 | Status: Trader | 48 Posts

Hey

Not sure if you are the right person to ask but lets say you have a supply level and price goes down to demand, then from demand to supply again but this time price breaks to the up side from the supply level.

Does the supply level become a demand level and then what would the TP be?

#7
Edited 9:51am Aug 24, 2011 9:30am | Edited 9:51am

Kenneth Lee
Joined Nov 2008 | Status: Trade Inspiration Not Despiration . | 4,827 Posts

Quoting madetrader

Disliked

Hey

Not sure if you are the right person to ask but lets say you have a supply level and price goes down to demand, then from demand to supply again but this time price breaks to the up side from the supply level.

Does the supply level become a demand level and then what would the TP be?

Ignored

In that case you will find what is called a rally-base-rally that means price came up to the supply level based for a bit ( consolidated) then pushed on through. Then when price comes back down from a higher supply level your 2nd tp . it will be a demand level.

It is those moves that can also provide one of the three entries a breakout just as in all most every other strategy a break of ANY line, trend .resistance, supply. what not . A breakout then a retest is the entry. Same here just now we have a understandable reason for it . The demand was greater than supply it takes a little while for the demand to completely overwhelm supply , hence the base forms then price pushes higher. The stronger price leaves the base ( demand level) the more demand is still left over waiting for price to come back to it providing more supply to get. Just like a buyer waiting for more product to buy when more product shows up and the buyer has lots of money left he again buys it all. If he doesn't have much supply can be to great and then push back down. But it is visible on your charts based on velocity how price leaves levels. very clear.

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Good Trading To All ; Ken Lee

#8
Aug 25, 2011 12:22pm Aug 25, 2011 12:22pm

dario1002
| Commercial User | Joined Jan 2010 | 3,733 Posts

will follow u here as well... keep up with the good work ken

I don't want a job, i want money!

#9
Aug 25, 2011 2:17pm Aug 25, 2011 2:17pm

rebelheart
| Joined Apr 2009 | Status: Trader | 556 Posts

Looking forward to PDF.

All the best from Ireland

Danny.

#10
Aug 25, 2011 6:59pm Aug 25, 2011 6:59pm

ejiexe
| Joined Mar 2007 | Status: Senior Member | 948 Posts

I subscribe to this thread as well. I remembered I said earlier that you should start a new thread with this Sam stuff. Thank God you eventually did. I am sure the message will be well passed. I will follow you as the method suit my personality.

You will surely get it right one day and reap the reward of your hard work.

THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.

#11
Edited 11:29am Sep 9, 2011 11:13am | Edited 11:29am

Megara
| Joined Sep 2009 | Status: MOMENTUM'S THE GODFATHER OF TRADING | 759 Posts

Quoting Kenneth Lee

Disliked

In that case you will find what is called a rally-base-rally that means price came up to the supply level based for a bit ( consolidated) then pushed on through. Then when price comes back down from a higher supply level your 2nd tp . it will be a demand level.

It is those moves that can also provide one of the three entries a breakout just as in all most every other strategy a break of ANY line, trend .resistance, supply. what not . A breakout then a retest is the entry. Same here just now we have a understandable reason for it . The demand...

Ignored

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I've read Sam's materials but still confuse, Rally base drop;drop base rally things.
Looking forward and have Subscribed this thread

I'm still reread this post to fully absorbed the info here. Thx Kenneth

Shake it off!Lick the Wound,Prey Again!