B.S. Trading with Kenneth Lee | Page 8 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Day Trading vs. Swing Trading vs. Position Trading 86 replies

Attachments: B.S. Trading with Kenneth Lee
Exit Attachments

B.S. Trading with Kenneth Lee

  • #141
  • Oct 4, 2011 12:43am Oct 4, 2011 12:43am
thanks for the reply earlier Ken

applying SD, there's no reason not to go short @ yellow 0.9538ish, if price gets back there!

do you agree Ken?

.
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-10-04_1539au15.png Size: 32 KB
  • #142
  • Oct 4, 2011 12:54am Oct 4, 2011 12:54am
Quoting PeterE
thanks for the reply earlier Ken

applying SD, there's no reason not to go short @ yellow 0.9538ish, if price gets back there!

do you agree Ken?

.

Here is my view.
Attached Image (click to enlarge)
Click to Enlarge Name: chart 2.JPG Size: 68 KB
Good Trading To All ; Ken Lee
  • #143
  • Oct 4, 2011 1:04am Oct 4, 2011 1:04am
Here is a small chart showing how "I" see the spot to place my entry lines for Supply /Demand.
Attached Image (click to enlarge)
Click to Enlarge Name: chart 24.JPG Size: 73 KB
Good Trading To All ; Ken Lee
  • #144
  • Oct 4, 2011 1:09am Oct 4, 2011 1:09am
gotcha


............and i'm all for low risk entries

.
  • #145
  • Oct 4, 2011 1:15am Oct 4, 2011 1:15am
My OZ 30 Min. Level
Attached Image (click to enlarge)
Click to Enlarge Name: chart 25.JPG Size: 191 KB
Good Trading To All ; Ken Lee
  • #146
  • Oct 4, 2011 1:19am Oct 4, 2011 1:19am
Keep in mind the swings as well they are your sign of the trends direction .
Attached Image (click to enlarge)
Click to Enlarge Name: chart 25.JPG Size: 207 KB
Good Trading To All ; Ken Lee
  • #147
  • Oct 4, 2011 1:28am Oct 4, 2011 1:28am
shit i missed the entry. Didnt set a PO. Was at the damn river trying to get a vacuum pump running. Stupid job haha. Well you are showing me some good stuff KL. Appreciate the tutoring of us.
  • #148
  • Oct 4, 2011 1:45am Oct 4, 2011 1:45am
Quoting nawlins51
shit i missed the entry. Didnt set a PO. Was at the damn river trying to get a vacuum pump running. Stupid job haha. Well you are showing me some good stuff KL. Appreciate the tutoring of us.
I don't know if you are doing this, but be careful with being upset/ disappointed etc. with a missed opportunity. We all are going to miss plenty and there are plenty more around the corner.

If I am over stepping my bounds forgive me. I look at trading as being 95% mental....The other half is your trading system. So Imho anything we can do to build up our mental trading habits is important. So rather than being disappointed about missing an entry, devour everything about it. Why was it a good entry? How can I catch it next time? etc.

I would "Jump the gun" when I started dwelling on missed positions. This had become a habit. So one week rather than putting on any positions I watched them. I did not want to develop a fear of missing entries.

Ah well a couple of thoughts for you.

No trading for me tonight. Back is still to sore to sit or stand any length of time.

Trade safe all..

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #149
  • Oct 4, 2011 1:56am Oct 4, 2011 1:56am
not liking this OZ trade, guess i should have scalped the 20 pips.. Oh well waiting for the top of the hour and London open .
Good Trading To All ; Ken Lee
  • #150
  • Oct 4, 2011 1:59am Oct 4, 2011 1:59am
Quoting Rufus
I don't know if you are doing this, but be careful with being upset/ disappointed etc. with a missed opportunity. We all are going to miss plenty and there are plenty more around the corner.

If I am over stepping my bounds forgive me. I look at trading as being 95% mental....The other half is your trading system. So Imho anything we can do to build up our mental trading habits is important. So rather than being disappointed about missing an entry, devour everything about it. Why was it a good entry? How can I catch it next time? etc.

I...
Nah man we are all adults here. You never over stepped the boundary. I did actually get upset I missed it. I feel that I am short on time. I do get impatient. I do feel anxious and don't want to miss an entry. I get upset when I miss a S and D zone also. I am working on it slowly. I hate making mistakes and strive for perfection. I think its my reason why I jumped from strategy to strategy. But I am fully committing myself to this way of trading. It works and no frickin indicators. I just have to control my emotions when I miss them. I appreciate you looking out for me and talking to me. You and KL are some good people and I really appreciate the time and knowledge you both share. i can ask some stupid stuff at times so bare with me.lol.

Get that back well bro. I know the feeling and its horrible.
  • #151
  • Oct 4, 2011 2:03am Oct 4, 2011 2:03am
well, there's no reason not to short it if trading SD, it's a nice set-up........but it can turn


Quoting Kenneth Lee
not liking this OZ trade, guess i should have scalped the 20 pips.. Oh well waiting for the top of the hour and London open .
  • #152
  • Oct 4, 2011 2:11am Oct 4, 2011 2:11am
Quoting PeterE
well, there's no reason not to short it if trading SD, it's a nice set-up........but it can turn

Yes but it was the 3rd test not fresh at all . the lower low was kinda of why I still tried the short once again .
Good Trading To All ; Ken Lee
  • #153
  • Oct 4, 2011 2:15am Oct 4, 2011 2:15am
oz update
Attached Image (click to enlarge)
Click to Enlarge Name: chart 26.JPG Size: 201 KB
Good Trading To All ; Ken Lee
  • #154
  • Oct 4, 2011 2:18am Oct 4, 2011 2:18am
Quoting Rufus
I don't know if you are doing this, but be careful with being upset/ disappointed etc. with a missed opportunity. We all are going to miss plenty and there are plenty more around the corner.

If I am over stepping my bounds forgive me. I look at trading as being 95% mental....The other half is your trading system. So Imho anything we can do to build up our mental trading habits is important. So rather than being disappointed about missing an entry, devour everything about it. Why was it a good entry? How can I catch it next time? etc.

I would...

Hey thanks nawlins

I Lied...As I was typing the above post I took the Aussie short...Now I will go to bed with stops at BE..
Attached Image (click to enlarge)
Click to Enlarge Name: 10.04 au short lo.jpg Size: 82 KB
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #155
  • Oct 4, 2011 2:23am Oct 4, 2011 2:23am
.9473 is my 1st tp on Oz off the 5 min

Good Trading To All ; Ken Lee
  • #156
  • Oct 4, 2011 2:24am Oct 4, 2011 2:24am
Quoting Kenneth Lee
.9473 is my 1st tp on Oz off the 5 min

I guess we are thinking alike...mine is .9474
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #157
  • Oct 4, 2011 2:28am Oct 4, 2011 2:28am
Question for you KL. If price goes back to the level that just dropped out the bottom for you, would you set your zone here or go with the higher zone for a short.
  • #158
  • Oct 4, 2011 2:29am Oct 4, 2011 2:29am
Quoting Kenneth Lee
.9473 is my 1st tp on Oz off the 5 min

...

was hit while typing Damn shame LOL
Good Trading To All ; Ken Lee
  • #159
  • Oct 4, 2011 2:30am Oct 4, 2011 2:30am
Quoting Kenneth Lee
was hit while typing Damn shame LOL
Mine did not get hit....go figure
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #160
  • Oct 4, 2011 2:33am Oct 4, 2011 2:33am
Quoting nawlins51
Question for you KL. If price goes back to the level that just dropped out the bottom for you, would you set your zone here or go with the higher zone for a short.

I will watch it very close . If you look at it on a fast 5 min chart each test was just a smidgen lower than the previous one. I fit makes another lower low. Plus we could build a swap base here . all about watching and waiting
and if you can't wait set a PO even if it isn't fresh.

if your sitting at your computer dreaming of a certain entry and your sure about the fact your going to take it go ahead and set the po. if you have stop issues or entry issue jumping to soon or to late using po's even for intraday trading maybe a way to teach yourself.
Good Trading To All ; Ken Lee
17 traders viewing now