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B.S. Trading with Kenneth Lee

  • #161
  • Oct 4, 2011 2:34am Oct 4, 2011 2:34am
Quoting Rufus
Mine did not get hit....go figure
You might be a lot bigger winner than me then . I tend to play a bit to safe on profit taking.
Good Trading To All ; Ken Lee
  • #162
  • Oct 4, 2011 2:36am Oct 4, 2011 2:36am
Quoting Rufus
Mine did not get hit....go figure

strange spike wick was 71 on Oanda all everyone's is a bit different
Good Trading To All ; Ken Lee
  • #163
  • Oct 4, 2011 2:37am Oct 4, 2011 2:37am
Quoting Kenneth Lee
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....
Thanks KL. This is where i struggle missing entries. I am learning more and more from yall. Appreciate it. Eventually it will all click. Thanks buddy
  • #164
  • Oct 4, 2011 2:40am Oct 4, 2011 2:40am
Quoting Rufus
Mine did not get hit....go figure
That took it out....Now I go to bed. My next target is about 100 pips south.

By the way nawlins. I like to look for London to establish a trend.. So if price returns to my demand area without establishing a lower low on the next swing low, then London may be trying to take it north. At times like this if I get confused about what to think about the PA. I will either look at a different pair or go to bed and wait for tomorrow.

I am off to bed for sure now a lot of work to do tomorrow sore back or not. No days off when self employed.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #165
  • Oct 4, 2011 2:42am Oct 4, 2011 2:42am
Cheers Rufus < I am headed to bed as well..

Trade Happy guys..
Good Trading To All ; Ken Lee
  • #166
  • Oct 4, 2011 2:43am Oct 4, 2011 2:43am
Quoting Rufus
That took it out....Now I go to bed. My next target is about 100 pips south.

By the way nawlins. I like to look for London to establish a trend.. So if price returns to my demand area without establishing a lower low on the next swing low, then London may be trying to take it north. At times like this if I get confused about what to think about the PA. I will either look at a different pair or go to bed and wait for tomorrow.

I am off to bed for sure now a lot of work to do tomorrow sore back or not. No days off when self employed.
good advice. Thanks again bro and get well.
  • #167
  • Oct 4, 2011 2:43am Oct 4, 2011 2:43am
Quoting Kenneth Lee
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....
I am a HUGE fan of PO's...If I set them..5 on right now. I will turn off the computer and leave, if at all possible. Takes all the emotion out of the position.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #168
  • Oct 4, 2011 2:44am Oct 4, 2011 2:44am
let's be bold,.........0.9310 off the weekly

.
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  • #169
  • Oct 4, 2011 2:46am Oct 4, 2011 2:46am
Quoting PeterE
let's be bold,.........0.9310 off the weekly

.
Mine set at .9368.....My targets are on even numbers, but not "0" or "00" stops on odds.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #170
  • Oct 4, 2011 2:46am Oct 4, 2011 2:46am
Now you guys are keeping me up...Good night all
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #171
  • Oct 4, 2011 2:48am Oct 4, 2011 2:48am
Hello Ken.. i am part of the lurker of this thread... (and of the previous one). U keep doing a great job. U explain things in a very easy way, making things easy to understand. Since u first posted this method i was checking it and it is a very useful tool (i can't say is my core method, but really it helps).

I have a question for u, if u don't mind. On your opinion when do u consider a level to be taken? In other words... we place a buy or a sell on a demand or supply zone, but actually, when u consider this level to fail? When there is a solid close under (or over) the S/D zone (either on the 5min, or the 15 min or whatever TF u are referring to), or just when your SL gets hit wherever u placed it?

not sure i made myself clear, eventually i will try to refrase it
I don't want a job, i want money!
  • #172
  • Oct 4, 2011 2:58am Oct 4, 2011 2:58am
did anyone consider a short!

wonder if it will get down to 100ish, not far

.
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  • #173
  • Oct 4, 2011 3:27am Oct 4, 2011 3:27am
maybe this meets the SD rules, Ken?

.........one to watch perhaps

.
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  • #174
  • Oct 4, 2011 4:28am Oct 4, 2011 4:28am
hi keneth!!
pls let me start by expressing my appreciation to ur wonderfull thread.thank you very much for ur pdf,posts and great explanations.
very kind of you.

would u or anyone else mind to comment on my charts?
will u guys consider this as a good supply level?the risk is not that big and it looks like price dropped in a very fast manner.i tried to go to lowerfaster TF to try even lower my risk but couldn't find it.
any thoughts?
im not gonna take it as im still getting used to this method but was wondering if im on the right path.
thank you for any comment.
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  • #175
  • Oct 4, 2011 5:17am Oct 4, 2011 5:17am
Quoting elliotrader
hi keneth!!
pls let me start by expressing my appreciation to ur wonderfull thread.thank you very much for ur pdf,posts and great explanations.
very kind of you.

would u or anyone else mind to comment on my charts?
will u guys consider this as a good supply level?the risk is not that big and it looks like price dropped in a very fast manner.i tried to go to lowerfaster TF to try even lower my risk but couldn't find it.
any thoughts?
im not gonna take it as im still getting used to this method but was wondering if im on the right path.
thank you...
yeah i would take that small stop loss and high risk reward ratio, what chart is it?
  • #176
  • Oct 4, 2011 5:30am Oct 4, 2011 5:30am
hi keneth!
one more Q if u don't mind-
is it correct to assume that when price is approching supply or demand level we would want to see a fastfeverish PA and not a slow small candels?
does slow PA into a zone have a better chance to actually blow throw a level?
i know there are a lot more factors to whether a zone might hold or not such if its a fresh one,candelsticks formation indicating rejection,etc..but was just wondering about my above assumption.
  • #177
  • Oct 4, 2011 5:32am Oct 4, 2011 5:32am
Quoting madetrader
yeah i would take that small stop loss and high risk reward ratio, what chart is it?
hi madetrader!
i guess i should of mentioned that i trade the future currencies.
this chart is the cad. opposite chart to the usdcad in forex.
  • #178
  • Oct 4, 2011 2:41pm Oct 4, 2011 2:41pm
Nice gbp trade with decent entry level.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: chart 28.JPG Size: 175 KB
Good Trading To All ; Ken Lee
  • #179
  • Oct 4, 2011 2:48pm Oct 4, 2011 2:48pm
Quoting dario1002
Hello Ken.. i am part of the lurker of this thread... (and of the previous one). U keep doing a great job. U explain things in a very easy way, making things easy to understand. Since u first posted this method i was checking it and it is a very useful tool (i can't say is my core method, but really it helps).

I have a question for u, if u don't mind. On your opinion when do u consider a level to be taken? In other words... we place a buy or a sell on a demand or supply zone, but actually, when u consider this level to fail? When there is a solid...
At times it doesn't even have to break it to be nonvalid anymore. As we gain expreince picking levels. We can see price moving through the stack of orders and we really don't want to be holding a trade when the stakc is depleted and price makes that fast move that would show us that the swap has taken place.

Luckily it normally takes a few minutes to happen and it is very visible. Just mark your levels and watch Price Action at them and it will not take long to understand this style of picking areas of interest.

Once a level gets taken out BREAKS OUT just as in any other trading strategy we look for a retest to enter, But again there has to be orders at that point to make us interested in it .

Hope that answers your query if not lets try again Ken
Good Trading To All ; Ken Lee
  • #180
  • Oct 4, 2011 2:49pm Oct 4, 2011 2:49pm
Quoting PeterE
did anyone consider a short!

wonder if it will get down to 100ish, not far

.
I just closed a a/j short a bit ago
Good Trading To All ; Ken Lee
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