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B.S. Trading with Kenneth Lee

  • #601
  • Oct 19, 2011 12:39am Oct 19, 2011 12:39am
Quoting Forethan
Do you want to say that enter in supply and demand zone+ the currency index corss, we have a 100% holly gral ???
How in the world did your mind come this thought? After 24 years in education, I never cease to be amazed at how undisciplined some people's thinking is.
  • #602
  • Oct 19, 2011 1:24am Oct 19, 2011 1:24am
Had this marked for days, I think I posted it before, anyway I zoomed down and placed my entry on a 30 min demand level.

I obviously took the wrong level...LOL



Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY_1910_daily.GIF Size: 95 KB


Attached Image (click to enlarge)
Click to Enlarge Name: GPBJPY_1910_30min.GIF Size: 92 KB
  • #603
  • Oct 19, 2011 1:24am Oct 19, 2011 1:24am
Looks like a good short trade setting up on the EURUSD. Profit targets around 1.3795, 1.3770 and 1.3740.

PB


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......
  • #604
  • Oct 19, 2011 1:28am Oct 19, 2011 1:28am
Dopey,

Maybe that is a result of a goverment sponsered education system. After being in the system for twentyfour years, how could that be amazing?

If you have been teaching in that type system for tywentyfour years you have my utmost respect. At tip of the traders hat to you my friend.
___________________________
  • #605
  • Oct 19, 2011 1:43am Oct 19, 2011 1:43am
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD_1910_short.GIF Size: 76 KB
  • #606
  • Oct 19, 2011 1:48am Oct 19, 2011 1:48am
A bit early entry.


Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD_1910_long.GIF Size: 95 KB
  • #607
  • Oct 19, 2011 1:52am Oct 19, 2011 1:52am
Hi xxxx - To my eyes, the AUDUSD trade long @ 1.0250 would be a fourth touch of the same zone which started with the very large bull candle with the long wick yesterday evening.

Any other thoughts on this?

PB


Quoting xxxxLearner
Attachment
  • #608
  • Oct 19, 2011 1:59am Oct 19, 2011 1:59am
Quoting pixelboy
Hi xxxx - To my eyes, the AUDUSD trade long @ 1.0250 would be a fourth touch of the same zone which started with the very large bull candle with the long wick yesterday evening.

Any other thoughts on this?

PB
Hi PB,

This is when I get confused a bit, because to me the move out of this level was reasonably strong, and broke the previous to highs. the risk was small. and we are trading in the direction of the trend.

But I am a learner, so wait maybe Ken could clarify.
  • #609
  • Oct 19, 2011 2:10am Oct 19, 2011 2:10am
Quoting acetrader
Dopey,

Maybe that is a result of a goverment sponsered education system. After being in the system for twentyfour years, how could that be amazing?

If you have been teaching in that type system for tywentyfour years you have my utmost respect. At tip of the traders hat to you my friend.
___________________________
I've been teaching in private and public universities for 24 years. I'm not sure where the blame should lie, but I suspect it's probably an equal distribution, as I went to gov't schools as a kid but realized that I needed to take control of my education to a large degree.

In truth, it's just a human thing, it's the beauty of people. God knows if everyone was like me, I'd kill myself.
  • #610
  • Oct 19, 2011 2:15am Oct 19, 2011 2:15am
Quoting xxxxLearner
A bit early entry.


Attachment

GBPUSD closed +55

Now looking to short at 1.5790, PO has been set for a while at 1.5793. but looks like i missed it!!
  • #611
  • Oct 19, 2011 2:49am Oct 19, 2011 2:49am
Quoting pixelboy
Hi xxxx - To my eyes, the AUDUSD trade long @ 1.0250 would be a fourth touch of the same zone which started with the very large bull candle with the long wick yesterday evening.

Any other thoughts on this?

PB
Can you post a chart ?
Good Trading To All ; Ken Lee
  • #612
  • Oct 19, 2011 2:55am Oct 19, 2011 2:55am
Quoting Kenneth Lee
Can you post a chart ?

Ken its posted in post 605.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD_1910_short.GIF Size: 76 KB
  • #613
  • Oct 19, 2011 3:00am Oct 19, 2011 3:00am
http://i1117.photobucket.com/albums/...ING/SortAU.png

http://i1117.photobucket.com/albums/...ADING/EJ-5.png

hope the best result...
TRADING IS SIMPLE BUT NOT EAZY
  • #614
  • Oct 19, 2011 3:02am Oct 19, 2011 3:02am
Quoting xxxxLearner
Ken its posted in post 605.

Attachment
I wanted to see what he is seeing as 4 touches .
Good Trading To All ; Ken Lee
  • #615
  • Oct 19, 2011 3:05am Oct 19, 2011 3:05am
This is what I see. if you don't like the 30 min view look at it on a 5 min then they look HUGE,,
Attached Image(s) (click to enlarge)
Click to Enlarge Name: chart 52.JPG Size: 245 KB
Click to Enlarge Name: chart 53.JPG Size: 255 KB
Good Trading To All ; Ken Lee
  • #616
  • Oct 19, 2011 3:05am Oct 19, 2011 3:05am
Opps !! sorry Ken!!
  • #617
  • Oct 19, 2011 3:07am Oct 19, 2011 3:07am
Yes they are all two to one risk to reward. One looks just on.

Did you take all of them Ken.
  • #618
  • Oct 19, 2011 3:11am Oct 19, 2011 3:11am
nice very clear swap level as well, Thta is how you would get that first entry right sfter the swap the breakout entry
Attached Image (click to enlarge)
Click to Enlarge Name: chart 54.JPG Size: 253 KB
Good Trading To All ; Ken Lee
  • #619
  • Oct 19, 2011 3:23am Oct 19, 2011 3:23am
Hi Ken - Sorry, I should have said third touch, not fourth. I've marked the two earlier touches from the green area. Would you still trade this long if it approached the green zone?

Does look very different on M30.

PB


Quoting Kenneth Lee
I wanted to see what he is seeing as 4 touches .
Attached Image (click to enlarge)
Click to Enlarge Name: audusd.png Size: 7 KB
  • #620
  • Oct 19, 2011 3:31am Oct 19, 2011 3:31am
yes i guess i do follow the trend on my 30 min chart most times. But the charts give us all we need . Just look for the swap to change your bias, Those swaps almost always give you a decent signal to the fact those levels are breaking.

Multiple hits
Goes deep into the level
Rejection not very good
Attached Image (click to enlarge)
Click to Enlarge Name: chart 55.JPG Size: 263 KB
Good Trading To All ; Ken Lee
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