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B.S. Trading with Kenneth Lee

  • #581
  • Oct 18, 2011 10:13am Oct 18, 2011 10:13am
Hey Ken,

Great work here, no doubt. I'd like to make a suggestion if I may. Take a look at this thread

http://www.forexfactory.com/showthread.php?t=317893

and see what they're doing with finding the best pairs to trade at any given time.

Think about the weakness of what each is doing, as well as their strengths, and you might find that they complement each other.

Just something to think about.
  • #582
  • Oct 18, 2011 10:25am Oct 18, 2011 10:25am
hmmm
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  • #583
  • Oct 18, 2011 2:15pm Oct 18, 2011 2:15pm
Quoting Kenneth Lee
see there was a nice clean short on OZ off a swap line . should have placed a PO for that.
Ken

Really appreciated all the effort you've put into this thread and the PDF, probably the most useful thread I've seen on FF. Just one question about this chart, in the PDF you show a chart and exclude most of the historic data, yet the example chart you've used here you reference historic data. Can you just clarify how you consider previous price points, many thanks.
  • #584
  • Oct 18, 2011 3:30pm Oct 18, 2011 3:30pm
Quoting coxsox
Ken

Really appreciated all the effort you've put into this thread and the PDF, probably the most useful thread I've seen on FF. Just one question about this chart, in the PDF you show a chart and exclude most of the historic data, yet the example chart you've used here you reference historic data. Can you just clarify how you consider previous price points, many thanks.

The trade plan would be based off the information only in the white rectangle box. That is the supply level. so everything to the left is irrelevant Just trying to help some to see how to spot these drop base drop supply levels.

If not clear follow up . Ken
Good Trading To All ; Ken Lee
  • #585
  • Oct 18, 2011 3:38pm Oct 18, 2011 3:38pm
I have watched multiple Seiden videos and followed this thread. I continue to struggle finding proper levels where supply/demand is most out of balance. I find them very difficult to find. Does anyone else here feel this way or are you all pretty successful finding these key levels. Any insight would be appreciated.
  • #586
  • Oct 18, 2011 3:50pm Oct 18, 2011 3:50pm
Quoting FTimeForex
I have watched multiple Seiden videos and followed this thread. I continue to struggle finding proper levels where supply/demand is most out of balance. I find them very difficult to find. Does anyone else here feel this way or are you all pretty successful finding these key levels. Any insight would be appreciated.

The imbalance is seen by the candle that leaves the level. That is how I pick mine right where that candle moves from the level. The enhanced section of the PDF shows how to grade those candles . Just because some fail doesn't mean we change how we look for them . just a bunch of strange financial news right now makes it a bit hard at times.

Just place a trend line at those levels you see and it will come to you soon .

Ken
Good Trading To All ; Ken Lee
  • #587
  • Edited 4:37pm Oct 18, 2011 4:35pm | Edited 4:37pm
Quoting Dopey
Hey Ken,

Great work here, no doubt. I'd like to make a suggestion if I may. Take a look at this thread

http://www.forexfactory.com/showthread.php?t=317893

and see what they're doing with finding the best pairs to trade at any given time.

Think about the weakness of what each is doing, as well as their strengths, and you might find that they complement each other.

Just something to think about.
Whi did you post that?

Do you want to say that enter in supply and demand zone+ the currency index corss, we have a 100% holly gral ???

Can you explain better?
  • #588
  • Oct 18, 2011 10:41pm Oct 18, 2011 10:41pm
late entry but here is why i took this trade
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  • #589
  • Oct 18, 2011 10:57pm Oct 18, 2011 10:57pm
larger picture
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  • #590
  • Oct 18, 2011 11:38pm Oct 18, 2011 11:38pm
Quoting firstaid
larger picture

Got a feeling this will become a swap level you marked. Therefore I am looking to go long.
  • #591
  • Oct 18, 2011 11:53pm Oct 18, 2011 11:53pm
Posting my chart. Criticism welcomed. Like I said want to go long but may take a shot at a short before doing it. Want to see how price reacts to this level and need to see risk reward before pulling the trigger on a short. If the profit margin is to small will wait for it to hit a demand level. Wait and see is all I can do.
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  • #592
  • Edited 1:30am Oct 19, 2011 1:28am | Edited 1:30am
Quoting nawlins51
Posting my chart. Criticism welcomed. Like I said want to go long but may take a shot at a short before doing it. Want to see how price reacts to this level and need to see risk reward before pulling the trigger on a short. If the profit margin is to small will wait for it to hit a demand level. Wait and see is all I can do.

Same level as you Nawlins,

Probability Enhancer Result = 7 or 8

1. Strength of the move. It moves away with no gap. (1)
2. Reward/risk 3:1 (2)
3. Big picture is UP , price has not broken previous days hihg on 30min (1)
4. Retracement/Test. It is a fresh touch (2)
5. Time at Level. Spent least time (1)
6. Arrival. Not determine yet as at the time of posting. (either 1 or 0)


Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_1910_SHORT.GIF Size: 112 KB


I will take the trade short, but may reduce target......
  • #593
  • Edited 1:38am Oct 19, 2011 1:37am | Edited 1:38am
Probability Enhancer Result = 6 or 7

1. Strength of the move. It moves away with no gap. (1)
2. Reward/risk 3:1 (2)
3. Big picture is UP , higher highs on 30min (0)
4. Retracement/Test. It is a fresh touch (2)
5. Time at Level. Spent least time (1)
6. Arrival. Not determine yet as at the time of posting. (either 1 or 0)

Attached Image (click to enlarge)
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Will take trade because price is at a long time frame supply.
  • #594
  • Oct 19, 2011 1:39am Oct 19, 2011 1:39am
Quoting xxxxLearner
Same level as you Nawlins,

Probability Enhancer Result = 7 or 8

1. Strength of the move. It moves away with no gap. (1)
2. Reward/risk 3:1 (2)
3. Big picture is UP , price has not broken previous days hihg on 30min (1)
4. Retracement/Test. It is a fresh touch (2)
5. Time at Level. Spent least time (1)
6. Arrival. Not determine yet as at the time of posting. (either 1 or 0)


Attachment

I will take the trade short, but may reduce target......
Nice. Drop to m15 and you can see a good mark to enter. Thats where she is waiting naked for me haha. It is smaller timeframe counter trend though. Wanna see how it reacts to this 3800 level. Not liking that demand zone to go long. Some may like it but not me. Rather the 3770 area to long. Just my 2 cents
  • #595
  • Oct 19, 2011 1:47am Oct 19, 2011 1:47am
Probability Enhancer Result = 9 or 10

1. Strength of the move. It moves away with no gap. (2)
2. Reward/risk 3:1 (2)
3. Big picture is UP (2)
4. Retracement/Test. It is a fresh touch (2)
5. Time at Level. Spent least time (1)
6. Arrival. Not determine yet as at the time of posting. (either 1 or 0)


Attached Image (click to enlarge)
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I will take this trade
  • #596
  • Oct 19, 2011 1:58am Oct 19, 2011 1:58am
Attached Image (click to enlarge)
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Can anyone help me inturprate the following:

I agree with Nawlins, with the 1.3700 demand zone, as it is fresh touch and with the longer tim frame trend.

But as for zone b and c, I would be tempted to take this trade long from demand, as it has moved strongly away from the zone and broke the previous high and is also with the longer time frame trend. Would zone B be considered as a zone in its on standing.

But would are B and C just be cosidered the retest and rejection of the swap level, and as this is a 3 touch of that zone, the trade should be missed?
  • #597
  • Oct 19, 2011 2:03am Oct 19, 2011 2:03am
Quoting xxxxLearner
Attachment


Can anyone help me inturprate the following:

I agree with Nawlins, with the 1.3700 demand zone, as it is fresh touch and with the longer tim frame trend.

But as for zone b and c, I would be tempted to take this trade long from demand, as it has moved strongly away from the zone and broke the previous high and is also with the longer time frame trend. Would zone B be considered as a zone in its on standing.

But would are B and C just be cosidered the retest and rejection of the swap level, and as this...
I am at C for one reason. If it breaks that low then I think we may be looking at a down trend. Thats how i see it. But we should be able to get something out of these 2 demand zones.
  • #598
  • Oct 19, 2011 2:03am Oct 19, 2011 2:03am
short eu
http://i1117.photobucket.com/albums/.../ShortEU-1.png
doesn't think can go down further but, keep holding...
TRADING IS SIMPLE BUT NOT EAZY
  • #599
  • Oct 19, 2011 2:14am Oct 19, 2011 2:14am
GT, what time frame is that chart?
  • #600
  • Oct 19, 2011 2:16am Oct 19, 2011 2:16am
Quoting xxxxLearner
GT, what time frame is that chart?
m15
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