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B.S. Trading with Kenneth Lee

  • #681
  • Oct 19, 2011 9:14pm Oct 19, 2011 9:14pm
Quoting Kenneth Lee
yes but you could also just have a lessor stop halfway in the level as well on a fresh touch entry.

hard ot tell someone how to manage their money. everyone is a bit different.
Nah bro keep teaching me. I am hungry. Any advice you can give it is noted. I am open for ideas on money management. Like I said its the hardest part about trading imo.
  • #682
  • Oct 19, 2011 9:21pm Oct 19, 2011 9:21pm
yes a/j , e/j and e/u was the best to take tonight , Gbp just stinks

OZ wasn't very clear. But I tend to have a feel for it as I trade it a lot.

But a good deal of trades available this evening. Not bad for a Asian session . Don't blame the session if you can't take the trades. Plus just take the ones you see. But don't expect the moves you get from London though U.S.
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Good Trading To All ; Ken Lee
  • #683
  • Oct 19, 2011 9:30pm Oct 19, 2011 9:30pm
if you don't like swaps your just wasting time tonight because that was what was available.
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Good Trading To All ; Ken Lee
  • #684
  • Oct 19, 2011 9:31pm Oct 19, 2011 9:31pm
I took that trade on the Eur/Usd today. I got out at the blue line because i didn't think it would have made it all the way to my initial tp at the yellow line. For me this was a good swap level.

Self control could have take me to my tp.

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  • #685
  • Oct 19, 2011 9:33pm Oct 19, 2011 9:33pm
Dax trade. Swap areas are important, but so are how the candles come into supply or demand
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  • #686
  • Oct 19, 2011 9:35pm Oct 19, 2011 9:35pm
nice trade I always tp a bit before a level just the same as entries missing by a few tp can as well. The same trade on OZ was worth a extra 20 pips.

Good Trading To All ; Ken Lee
  • #687
  • Oct 19, 2011 9:36pm Oct 19, 2011 9:36pm
Quoting firstaid
Dax trade. Swap areas are important, but so are how the candles come into supply or demand

Nice I can't trade that on my platform ..
Good Trading To All ; Ken Lee
  • #688
  • Oct 19, 2011 9:47pm Oct 19, 2011 9:47pm
Ken,


Check out the futures markets........they have better supply and demand levels.

Quoting Kenneth Lee
Nice I can't trade that on my platform ..
  • #689
  • Oct 20, 2011 3:36am Oct 20, 2011 3:36am
Thought this was a reasonable swap level----but in a bit of DD at the moment
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We are all One. Be present. Be the Observer
  • #690
  • Oct 20, 2011 4:50am Oct 20, 2011 4:50am
Quoting Iamfx
Thought this was a reasonable swap level----but in a bit of DD at the moment
Unfortunatly against a bigger demand and reversal from that!
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  • #691
  • Oct 20, 2011 4:53am Oct 20, 2011 4:53am
Quoting Good Lookin
Thanks for the quick response guys.

I've actually read this entire thread as well as Dean's entire thread as well as Rocky's entire thread and some of redword's thread. I've probably watched at least 10 of the videos posted by sam and read his articles as well as Rich Wright. I've been using S/D on a live $10 account (lols) and i now feel more comfortable trading.

I asked that question because i'm not to comfortable with swap levels. If i choose to classify a demand or supply level based on "swap action" then it has to be a REALLY LARGE move,...
Search for rufus, his thread and posts are a gold mine
  • #692
  • Oct 20, 2011 7:32am Oct 20, 2011 7:32am
Here's my S&D analysis on a few pairs. I've used the M30 chart and marked up what look like good levels with a blue box. I've also marked red boxes on the daily charts as 'watch out' areas - example EURUSD chart attached.

Any obvious cock-ups with these?

PB
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  • #693
  • Oct 20, 2011 7:34am Oct 20, 2011 7:34am
A few more...
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  • #694
  • Oct 20, 2011 7:35am Oct 20, 2011 7:35am
Last ones...
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  • #695
  • Edited 9:04am Oct 20, 2011 8:27am | Edited 9:04am
EURUSD trade just triggered buy limit. Let's see how it runs

PB

Edit: Close a couple of pips before TP (+25). News was making it go wild and jumped in while I had the chance.
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  • #696
  • Oct 20, 2011 8:32am Oct 20, 2011 8:32am
Quoting pixelboy
EURUSD trade just triggered buy limit. Let's see how it runs

PB
again Kenneth if your here, can i get your views on this guys trade.

I also had this 30 min zone marked. Price reacted quite well to it, but again to what i been taught, is i wouldnt have taken this zone as price come back down to this area to quick like a upside down V shape. Price as i been taught anyway needs to be away from a level for a little while before making it valid.
  • #697
  • Oct 20, 2011 8:56am Oct 20, 2011 8:56am
Quoting deankenny21
again Kenneth if your here, can i get your views on this guys trade.

I also had this 30 min zone marked. Price reacted quite well to it, but again to what i been taught, is i wouldnt have taken this zone as price come back down to this area to quick like a upside down V shape. Price as i been taught anyway needs to be away from a level for a little while before making it valid.

I would have taken based on the higher low of the last swing. although we also had a lower high. but this just shows continued consolidation. . I am a scalper so the 40 or 60 offered up would have been a decent trade.

on the 5 min . it trade right between to levels spot on.

Ken
Good Trading To All ; Ken Lee
  • #698
  • Oct 20, 2011 9:04am Oct 20, 2011 9:04am
ah gotcha basically forming a wedge or triangle as some people call it, so either way is tradeable till we get a break either way.
  • #699
  • Oct 20, 2011 9:07am Oct 20, 2011 9:07am
Quoting pixelboy
A few more...

Guess the thing I see the most is you just picking fresh levels , which is ok . But on larger time frames levels can touch many times. Just look at how price tested areas if they just missed the line or had a very small insertion into the level , it can still be a decent area to trade from . On the 4 hr or daily levels you can watch those level tests on faster charts to get a safer and less risky entries.
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Good Trading To All ; Ken Lee
  • #700
  • Oct 20, 2011 9:10am Oct 20, 2011 9:10am
Thanks Ken - That's a great tip.

PB


Quoting Kenneth Lee
Guess the thing I see the most is you just picking fresh levels , which is ok . But on larger time frames levels can touch many times. Just look at how price tested areas if they just missed the line or had a very small insertion into the level , it can still be a decent area to trade from . On the 4 hr or daily levels you can watch those level tests on faster charts to get a safer and less risky entries.
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