B.S. Trading with Kenneth Lee | Page 13 | 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

  • #241
  • Oct 5, 2011 6:29pm Oct 5, 2011 6:29pm
Quoting nawlins51
Ah ok. I see now. Also see why the other is not a good base and thanks for showing me that. What I did was seen it on the M30. Then when I switched back to H1 its not an area at all. So thanks so much for clearing that up.

If I want different time frame levels on one chart start on the larger and work down. But if you go watch one of sam's videos and do a prtscn. then exam his screen he uses a multiple time per chart instead then you can have them marked on each chart and know when they are coming into play in tandem ( together) which is the best entries posible.
Good Trading To All ; Ken Lee
  • #242
  • Oct 5, 2011 6:29pm Oct 5, 2011 6:29pm
Hi ken, nice thread you got going here

im reading ur thread from p1 - current see whats going on,
i trade supdem with market psychology, and psycho levels.

keep me updated
Have I got something on my face, SOLDIER?
  • #243
  • Oct 5, 2011 6:37pm Oct 5, 2011 6:37pm
Quoting clivepackham
Hi Ken

Really enjoyed your PDF many thanks for that.

I am very interested in this supply and demand form of trading as it makes perfect sense in any market that it is the supply and demand that moves the price.

Would you mind telling me what hit rate you are experiencing with this method so I can manage my expectations accordingly and also what is the average risk reward you are achieving with this method?

Many thanks in advance and please keep up the good work it is really helpful.

All the best Clive.
I have had over 80% hit rate in my trading for a long time . That has been one of my troubles. It is still I can't take a loss very well issue. Why I have always been on the search for the simplest trading idea . I like this s/d trading because no matter what type of trader you are the rules are exactly the same. Plus the tp's picked get hit with uncanny accuracy.

As far as risk to reward i tend to risk more which makes me take profit to soon . but My personal goal is at least 20% gain per week risking $1.00 per $1,000 equity balance . I am comfortable with that many aren't. Plus I trade basically intraday . I am trying to focus more on PO trading so I can just plan it and leave it alone.

I am never here to impress or give calls I am only trying to help others see what i think is the easiest ways to see and trade the charts.

Cheers Ken
Good Trading To All ; Ken Lee
  • #244
  • Oct 5, 2011 6:41pm Oct 5, 2011 6:41pm
Quoting nawlins51
KL here is the question I have. I am posting the EU H1 and EU M30. The area highlighted in the blue looking color is my concern. This area confuses me. I am not sure if I should mark these areas and if I do they will be so close to each other creating a huge SL. They all meet the 2 to 1 ratio with ease so technically they are areas we can be interested in. Basically how do you handle this when they look like this. Thanks buddy,.
Hi Nawlins,
Be careful with your SL on your buy PO.From my view is demand level on your 30 min TF is little bigger.
Anyway that is just me.

Good trading to everyone.

PS.Great thread Kenn.

FX
Attached Image (click to enlarge)
Click to Enlarge Name: 19.jpg Size: 94 KB
  • #245
  • Oct 5, 2011 6:46pm Oct 5, 2011 6:46pm
Im already introduced to sup/dem
but i would like to know underlying knowledge. the stuff not many know.
And i love hunting for knowledge.

Here is my gold and silver shorts:
i have 2 charts for each, one ichimoku, and the other with fibonacci and gann studies. both have sup/dem here is the ichi chart:

kenn any thoughts on the metals?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: silver short.gif Size: 21 KB
Click to Enlarge Name: gold short.gif Size: 24 KB
Have I got something on my face, SOLDIER?
  • #246
  • Oct 5, 2011 7:35pm Oct 5, 2011 7:35pm
Quoting Fxfighter
Hi Nawlins,
Be careful with your SL on your buy PO.From my view is demand level on your 30 min TF is little bigger.
Anyway that is just me.

Good trading to everyone.

PS.Great thread Kenn.

FX
Thanks bro. I see it now. It was kinda the same with the chart I posted asking KL how he deals with the area I highlighted in blue. What you have is perfect because the zone I HAD marked reacted to the demand level you have highlighted. I moved my PO and thanks for pointing that out. I am still a rookie with this so making those simple mistakes that can be costly. Being in the ball park is not good enough so I need to pay better attention. Again thanks for pointing that out.
  • #247
  • Oct 5, 2011 7:39pm Oct 5, 2011 7:39pm
Quoting Kenneth Lee
If I want different time frame levels on one chart start on the larger and work down. But if you go watch one of sam's videos and do a prtscn. then exam his screen he uses a multiple time per chart instead then you can have them marked on each chart and know when they are coming into play in tandem ( together) which is the best entries posible.
So what you are meaning is like zones within zones? Sorry for the dumb question just making sure I am on your page. I feel bad enough asking you all these questions taking time from your trading.
  • #248
  • Oct 5, 2011 8:11pm Oct 5, 2011 8:11pm
Great thread Kenneth!

That pdf is verbatim Sam Seiden. It is nice to see an increasing number of Seiden followers on FF.

I'm at pretty much the same place as you are. Traded with S/D levels for 3 years. Still unable to do the 'set and forget trades'.

Look forward to following your thread closely.

Quoting Kenneth Lee
I have had over 80% hit rate in my trading for a long time . That has been one of my troubles. It is still I can't take a loss very well issue. Why I have always been on the search for the simplest trading idea . I like this s/d trading because no matter what type of trader you are the rules are exactly the same. Plus the tp's picked get hit with uncanny accuracy.

As far as risk to reward i tend to risk more which makes me take profit to soon . but My personal goal is at least 20% gain per week risking $1.00 per $1,000 equity balance . I am comfortable...
  • #249
  • Oct 5, 2011 8:32pm Oct 5, 2011 8:32pm
Quoting arjuncora
Great thread Kenneth!

That pdf is verbatim Sam Seiden. It is nice to see an increasing number of Seiden followers on FF.

I'm at pretty much the same place as you are. Traded with S/D levels for 3 years. Still unable to do the 'set and forget trades'.

Look forward to following your thread closely.
Glad to have a old hand at this. I am pretty new at trading this way. I have been lucky to have been able to find a lot of basic trading ideas. But am looking for that easy rule based system that makes me see the clarity of the plan without any questioning of the rules.
Good Trading To All ; Ken Lee
  • #250
  • Oct 5, 2011 8:34pm Oct 5, 2011 8:34pm
Quoting nawlins51
So what you are meaning is like zones within zones? Sorry for the dumb question just making sure I am on your page. I feel bad enough asking you all these questions taking time from your trading.

maybe this will help if not re ask ,, always re ask if anyone doesn't understand a answer please re ask or re phrase it.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: chart 10.JPG Size: 155 KB
Click to Enlarge Name: chart 11.JPG Size: 135 KB
Good Trading To All ; Ken Lee
  • #251
  • Oct 5, 2011 9:02pm Oct 5, 2011 9:02pm
Ken, what are your GMT trading hrs if you dont mind me asking
.
  • #252
  • Oct 5, 2011 9:45pm Oct 5, 2011 9:45pm
Quoting Kenneth Lee
maybe this will help if not re ask ,, always re ask if anyone doesn't understand a answer please re ask or re phrase it.
Ok I see KL. Thanks I understand now and appreciate the help.
  • #253
  • Oct 5, 2011 10:10pm Oct 5, 2011 10:10pm
Quoting nawlins51
Ok I see KL. Thanks I understand now and appreciate the help.

Yes it is very useful when finding huge levels off 4 hr and daily charts . which carry the most interest as well. But we don't really want the big risk involved with those wide levels.
Good Trading To All ; Ken Lee
  • #254
  • Oct 5, 2011 10:13pm Oct 5, 2011 10:13pm
Quoting PeterE
Ken, what are your GMT trading hrs if you dont mind me asking
.

I will work on that .. But in reality I trade when I can, Been trying to stay on thread a bit lately to help get it going but it is catching up with me . fixing to head to bed.


Later I think we will start working on more PO entries looking between sessions and checking them later for results. That is my trading goal anyway . I really don't want to live in front of this computer.

Cheers Ken
Good Trading To All ; Ken Lee
  • #255
  • Oct 5, 2011 10:22pm Oct 5, 2011 10:22pm
yes, a trading approach has to be sustainable into the future


minimal screen time
= bigger time frames, focusing on high quality set-ups with large lot size


Quoting Kenneth Lee
I really don't want to live in front of this computer.
  • #256
  • Oct 5, 2011 10:29pm Oct 5, 2011 10:29pm
Hi guys,

Don't know whether my picks are correct or not, but the GU now comes to an interesting demand zone.
Attached Image (click to enlarge)
Click to Enlarge Name: 20111006-1124.jpg Size: 73 KB
  • #257
  • Oct 5, 2011 10:51pm Oct 5, 2011 10:51pm
Hi BC,

i'm an S/D beginner, perhaps someone can answer, is there any reason not to buy this from an S/D perspective?


Quoting Buildcity
Hi guys,

Don't know whether my picks are correct or not, but the GU now comes to an interesting demand zone.
  • #258
  • Oct 5, 2011 10:56pm Oct 5, 2011 10:56pm
Tks Peter,

Actually I did buy from this level, but I recognise Ken said it before the current touch is not a fresh one so it may be a weak play on drop-base-rise. In addition its an counter trend trade.

So far my understanding on Ken BS style.

Will see

Cheers
City

Quoting PeterE
Hi BC,

i'm an S/D beginner, perhaps someone can answer, is there any reason not to buy this from an S/D perspective?
  • #259
  • Oct 5, 2011 11:00pm Oct 5, 2011 11:00pm
Quoting PeterE
Hi BC,

i'm an S/D beginner, perhaps someone can answer, is there any reason not to buy this from an S/D perspective?

I would feel better about it if the last highs had been higher. I mean in the big picture still a very strong downtrend. but it has to turn sometime.

This is one of the things a person has to choose on their own as it could turn and be the bottom of a very big run up. Or it could fail but we can see this lower level is not fresh at all.

I wouldn't take it maybe watch it on a very fast chart 2 or 1 min and see if you can spot the new demand level form and tighter level.
Good Trading To All ; Ken Lee
  • #260
  • Oct 5, 2011 11:01pm Oct 5, 2011 11:01pm
Quoting Buildcity
Tks Peter,

Actually I did buy from this level, but I recognise Ken said it before the current touch is not a fresh one so it may be a weak play on drop-base-rise. In addition its an counter trend trade.

So far my understanding on Ken BS style.

Will see

Cheers
City
you got it Bro
Good Trading To All ; Ken Lee
15 traders viewing now