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B.S. Trading with Kenneth Lee

  • #321
  • Oct 10, 2011 10:53pm Oct 10, 2011 10:53pm
chart

Plus I know of some that got 55 off that short
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Good Trading To All ; Ken Lee
  • #322
  • Oct 10, 2011 11:57pm Oct 10, 2011 11:57pm
Quoting Kenneth Lee
Sometimes level will get a test right after it forms. still some undecided order flow or maybe some retila guys moving a bit but as FX said we are always looking for that definite move away from a level not a strangling bunch of candles but a serious move.

Then for a fresh touch I like to see it move away and in the concept of the chart your watching which would make it different on each chart for it to stay away for awhile . Also one of the factors you can look for is that maybe somw levels in fornt of the fresh one have turned price a bit...
Yes it does make a lot of sense. Especially the part about being close to the level twice but not hitting it makes it somewhat weaker. I also appreciate you showing me that chart with the green line. I have it marked so feel good about that.

I would like to also add that I am glad you showed us your chart with audusd. It makes me feel confident when I have the same zones marked as you do. Maybe slightly different but being in the same ball park is great for my confidence. I really hope you continue at least posting one pair showing zones every now and then. I just want to see if I am matching up. Again Ken thanks so much for explaining it to me. I am sure some dumb question will arrive in my brain before long. Thanks bro
  • #323
  • Oct 11, 2011 12:01am Oct 11, 2011 12:01am
Quoting Kenneth Lee
chart

Plus I know of some that got 55 off that short
http://i1117.photobucket.com/albums/.../Ipickthat.png
picked that AU
TRADING IS SIMPLE BUT NOT EAZY
  • #324
  • Oct 11, 2011 12:05am Oct 11, 2011 12:05am
Quoting green_trader
http://i1117.photobucket.com/albums/.../Ipickthat.png
picked that AU

Good Trading To All ; Ken Lee
  • #325
  • Oct 11, 2011 1:45am Oct 11, 2011 1:45am
In the AU trade at 9834. Not looking good right now. Hopefully turns soon.
  • #326
  • Oct 11, 2011 1:49am Oct 11, 2011 1:49am
Quoting nawlins51
I appreciate the response and chart but have one more question . If a zone is too big, then why not drop to a lower timeframe and reduce your risk?
Hey,

I probably could do that yes, but I stick to the 30min charts, looking at longer term charts for conformation. Just how I learned to trade this, nothing wrong with going to smaller time frames. I also trust the longer term charts a bit more.

regards,
  • #327
  • Oct 11, 2011 1:56am Oct 11, 2011 1:56am
Hi all!!

Just a chart of AUD/USD.

Do I have the levels marked of correctly?


Attached Image (click to enlarge)
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  • #328
  • Oct 11, 2011 2:00am Oct 11, 2011 2:00am
I marked the following level off last night on oil 4hr chart.

The stop was to large for me to trade. But it seems to have hit and rejected nicely.

Would anyone else take this trade??

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  • #329
  • Oct 11, 2011 2:04am Oct 11, 2011 2:04am
Quoting xxxxLearner
Hi all!!

Just a chart of AUD/USD.

Do I have the levels marked of correctly?


Attachment
I have my level there also. Not a pro at this but Ken has his there also. Check page 21. He has his levels marked for AU on M30 time frame.
  • #330
  • Oct 11, 2011 2:09am Oct 11, 2011 2:09am
Last one for tonight...lol

I dont want to clutter the thread...

Any thoughts on this setup or should I be looking at a demand level further down??

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Click to Enlarge Name: EURUSD_1110.GIF Size: 105 KB
  • #331
  • Oct 11, 2011 2:15am Oct 11, 2011 2:15am
Quoting xxxxLearner
Last one for tonight...lol

I dont want to clutter the thread...

Any thoughts on this setup or should I be looking at a demand level further down??

Attachment
Looks good to me. Have an entry line at 70 level and 55 level.
  • #332
  • Oct 11, 2011 2:16am Oct 11, 2011 2:16am
Quoting nawlins51
I have my level there also. Not a pro at this but Ken has his there also. Check page 21. He has his levels marked for AU on M30 time frame.

Thanks Nawlins for the reply.

Ken keeep up the excellant work, you have a new addition hear with FX who is starting to post additonal helpful information.

Your thread will reach legendary hieghts!!!
  • #333
  • Oct 11, 2011 2:30am Oct 11, 2011 2:30am
au
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  • #334
  • Oct 11, 2011 2:35am Oct 11, 2011 2:35am
To me this level looks perfect.

Any thoughts???


Attached Image (click to enlarge)
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EDIT: PLEASE NOTE DEMAND LEVEL IS FROM DAILY...EDIT II: Take no notice of previous edit....demand level is NOWWHERE!!! lol
  • #335
  • Oct 11, 2011 2:36am Oct 11, 2011 2:36am
Quoting FxEuphoria
au

  • #336
  • Oct 11, 2011 2:38am Oct 11, 2011 2:38am
Got 30 pips out of this. Was hoping it bust through that crappy supply zone at the top but it was meeting heavy resistance. Took profit. Will look for 1 more trade. 25 to 50 pips a day is good enough for me. So there now. Want a good high reward low risk trade. None happen then no trading.
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  • #337
  • Oct 11, 2011 2:41am Oct 11, 2011 2:41am
Quoting nawlins51
Got 30 pips out of this. Was hoping it bust through that crappy supply zone at the top but it was meeting heavy resistance. Took profit. Will look for 1 more trade. 25 to 50 pips a day is good enough for me. So there now. Want a good high reward low risk trade. None happen then no trading.

Nice work!!
  • #338
  • Oct 11, 2011 2:45am Oct 11, 2011 2:45am
Quoting xxxxLearner
Nice work!!
Thanks buddy!! Did you get it also?
  • #339
  • Oct 11, 2011 2:49am Oct 11, 2011 2:49am
Quoting nawlins51
Thanks buddy!! Did you get it also?

No mate. But I am waiting for this:

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  • #340
  • Oct 11, 2011 3:01am Oct 11, 2011 3:01am
This is my updated chart on AU. Added one more level I been staring at. Just starting to wonder if the uptrend has exhausted.

Edit. Will say one of the circled areas I may try which is the 9500 level and only reason is because the round number falls around my entry so may get something out of it but a ways away,
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