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B.S. Trading with Kenneth Lee

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  • Post #881
  • Quote
  • Oct 26, 2011 7:41pm Oct 26, 2011 7:41pm
  •  acetrader
  • Joined Feb 2006 | Status: Member | 1,708 Posts
Ken,

I agree.

EUR/CHF is the one pair I have trouble trading. This week I traded it once & gained 22 pips, but I just don't feel good about this pair, so will stay away in the future. AUD/USD, E/$ & EUR/GBP are my main focus for now.
_______________________________
 
 
  • Post #882
  • Quote
  • Oct 26, 2011 7:57pm Oct 26, 2011 7:57pm
  •  Kenneth Lee
  • Joined Nov 2008 | Status: Trade Inspiration Not Despiration . | 4,827 Posts
Quoting nawlins51
Disliked
I don't have a problem with it. Ask Ken if he is cool with it. You can set it up if he is. I would be there. We can all help this way Ken doesn't have to be responsible for it. He is already running a very active thread.
Ignored

I think it is fine . But I will not be there. Find it a bit distracting. Plus i trade weird hours here when I am not when most are normally. But would be great for you guys to share ideas. FF is a bit slow plus have to refresh all the time.

. Cheers Ken
Good Trading To All ; Ken Lee
 
 
  • Post #883
  • Quote
  • Oct 26, 2011 7:58pm Oct 26, 2011 7:58pm
  •  nawlins51
  • | Joined Apr 2011 | Status: Member | 331 Posts
Loonie zones and thoughts on my charts.
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  • Post #884
  • Quote
  • Oct 26, 2011 8:03pm Oct 26, 2011 8:03pm
  •  Kenneth Lee
  • Joined Nov 2008 | Status: Trade Inspiration Not Despiration . | 4,827 Posts
Quoting acetrader
Disliked
Ken,

I agree.

EUR/CHF is the one pair I have trouble trading. This week I traded it once & gained 22 pips, but I just don't feel good about this pair, so will stay away in the future. AUD/USD, E/$ & EUR/GBP are my main focus for now.
_______________________________
Ignored
yes I don't think we have to limit ourselves but we have to become comfortable. Plus with pairs we don't trade a lot just a+ levels should be tried. I think with time we will just trade the best setups and not think in pairs. i remember a loonie USD/CAD , I saw and didn't take is it looked to be a trade that would be fighting the other trades i was watching also. but true to the s/d idea it was a fine trade and went to the other level though nothing else turned.

I do try and not enter pairs with like currencies on the same side we could find ourselves in a bunch of losers. Or a bunch of winners but better to add risk to your one trade than look around at a bunch .

Just a thought
Good Trading To All ; Ken Lee
 
 
  • Post #885
  • Quote
  • Oct 26, 2011 8:04pm Oct 26, 2011 8:04pm
  •  stevewide
  • | Joined Sep 2006 | Status: God so loved the World | 941 Posts
Good trading today on 30m. Drilling down to the 5m after a 30m level forms is working well to fine tune the 30m level. Just learning supply and demand levels from Ken. Not interested in trading the15m, 5m or 1m chart. Just use them to adjust the 30m levels. Does this make sense? Hope so because its working great so far.

Steve
 
 
  • Post #886
  • Quote
  • Oct 26, 2011 8:18pm Oct 26, 2011 8:18pm
  •  nawlins51
  • | Joined Apr 2011 | Status: Member | 331 Posts
Anybody go short on OZ. hit the level and dropped like a rock. Missed it.
 
 
  • Post #887
  • Quote
  • Edited 8:49pm Oct 26, 2011 8:22pm | Edited 8:49pm
  •  ejiexe
  • | Joined Mar 2007 | Status: Senior Member | 948 Posts
Quoting Kenneth Lee
Disliked
I think it is fine . But I will not be there. Find it a bit distracting. Plus i trade weird hours here when I am not when most are normally. But would be great for you guys to share ideas. FF is a bit slow plus have to refresh all the time.

. Cheers Ken
Ignored
Thank you Ken for giving us the opportunity to create a group with this system.

We now have a group named "B.S. Trading with Kenneth Lee"

Any member who is interested should send a private message to ejiexe or nawlins51 to add them to the group.

Please I will not want members to clutter thread with asking for invites. Please use PM and send your skype ID
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
 
 
  • Post #888
  • Quote
  • Oct 26, 2011 8:23pm Oct 26, 2011 8:23pm
  •  Kenneth Lee
  • Joined Nov 2008 | Status: Trade Inspiration Not Despiration . | 4,827 Posts
Quoting nawlins51
Disliked
Anybody go short on OZ. hit the level and dropped like a rock. Missed it.
Ignored
being the second touch was looking for a possible break. The long consolidation before the last push also worried me a bit
Good Trading To All ; Ken Lee
 
 
  • Post #889
  • Quote
  • Oct 26, 2011 8:31pm Oct 26, 2011 8:31pm
  •  nawlins51
  • | Joined Apr 2011 | Status: Member | 331 Posts
Quoting Kenneth Lee
Disliked
being the second touch was looking for a possible break. The long consolidation before the last push also worried me a bit
Ignored
Yeah not an A+ trade by any but I wanted to take it. Just not a PO entry and missed it. Hoping it goes to my demand area then breaks it hehe.
 
 
  • Post #890
  • Quote
  • Oct 26, 2011 11:01pm Oct 26, 2011 11:01pm
  •  Kenneth Lee
  • Joined Nov 2008 | Status: Trade Inspiration Not Despiration . | 4,827 Posts
trying a short form this extreme level. but not a good rejection plus the trend is up on longer charts even a downtrend chart is showing a almost full retrace of the last swing , so not giving much more time.
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Good Trading To All ; Ken Lee
 
 
  • Post #891
  • Quote
  • Oct 26, 2011 11:37pm Oct 26, 2011 11:37pm
  •  nawlins51
  • | Joined Apr 2011 | Status: Member | 331 Posts
Took this long on the USDCAD. Got 10.2 pips on it. I am posting my chart in the time frame of M1. This was one of the weirdest trades I took in a while. Price just flatline for minutes. Why i am showing the M1. Price stalled up here and i said its counter trend and not acting right so I got out. Took my ball and went home lol.
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  • Post #892
  • Quote
  • Oct 26, 2011 11:50pm Oct 26, 2011 11:50pm
  •  shogeki
  • | Joined May 2011 | Status: Member | 52 Posts
Took that as well but off 30 min chart bit late in as just home from work. comments welcome. been following along on i pod at work when i can. hope to join in more, trade london session normally.

cheers
Tony
 
 
  • Post #893
  • Quote
  • Oct 27, 2011 12:11am Oct 27, 2011 12:11am
  •  nawlins51
  • | Joined Apr 2011 | Status: Member | 331 Posts
Quoting shogeki
Disliked
Took that as well but off 30 min chart bit late in as just home from work. comments welcome. been following along on i pod at work when i can. hope to join in more, trade london session normally.

cheers
Tony
Ignored
Are you still in it? I may get back in if I see something that makes me take it. Glad to have you with us. You got a good guy teaching us who is very patient. Can;t ask for more.
 
 
  • Post #894
  • Quote
  • Oct 27, 2011 12:17am Oct 27, 2011 12:17am
  •  shogeki
  • | Joined May 2011 | Status: Member | 52 Posts
Yes hanging in there. Appreciate what Ken has put together here. You all seem like a great bunch of traders helping each other out.
been trading for 2 years blown accounts down indicator road come to realize price and levels the way to go. appreciate every ones input. Here to learn.
 
 
  • Post #895
  • Quote
  • Oct 27, 2011 12:22am Oct 27, 2011 12:22am
  •  nawlins51
  • | Joined Apr 2011 | Status: Member | 331 Posts
Quoting shogeki
Disliked
Yes hanging in there. Appreciate what Ken has put together here. You all seem like a great bunch of traders helping each other out.
been trading for 2 years blown accounts down indicator road come to realize price and levels the way to go. appreciate every ones input. Here to learn.
Ignored
Remember its counter trend. Yes most indicators are trash. There are some good ones but most are trash. This is the way to trade. No other way.
 
 
  • Post #896
  • Quote
  • Oct 27, 2011 12:37am Oct 27, 2011 12:37am
  •  shogeki
  • | Joined May 2011 | Status: Member | 52 Posts
Gotta go got classes to teach. Thanks for the input catch up tomorrow.
Happy trading all.
 
 
  • Post #897
  • Quote
  • Oct 27, 2011 12:45am Oct 27, 2011 12:45am
  •  nawlins51
  • | Joined Apr 2011 | Status: Member | 331 Posts
Anybody catch AJ long at 79.68
 
 
  • Post #898
  • Quote
  • Oct 27, 2011 12:48am Oct 27, 2011 12:48am
  •  jmcl
  • | Joined Jun 2008 | Status: Member | 275 Posts
Hi

Just a simple question from my side.

When trading with Supply and Demand, do you consider the trend direction on a higher time frame. I don't know if I missed it but a Supply/Demand zone is not necessary always at the top or bottom of a trend (reversal)

Thanks

John from Durban
 
 
  • Post #899
  • Quote
  • Oct 27, 2011 1:00am Oct 27, 2011 1:00am
  •  nawlins51
  • | Joined Apr 2011 | Status: Member | 331 Posts
Quoting jmcl
Disliked
Hi

Just a simple question from my side.

When trading with Supply and Demand, do you consider the trend direction on a higher time frame. I don't know if I missed it but a Supply/Demand zone is not necessary always at the top or bottom of a trend (reversal)

Thanks

John from Durban
Ignored
Yes we consider trend direction. Some of us do take counter trend trades. You are correct that Supply and demand is not always at the top or bottom. Plenty of charts in this thread to show you zones marked not at tops and bottoms. Hope this helps.
 
 
  • Post #900
  • Quote
  • Oct 27, 2011 1:04am Oct 27, 2011 1:04am
  •  jmcl
  • | Joined Jun 2008 | Status: Member | 275 Posts
Quoting nawlins51
Disliked
Yes we consider trend direction. Some of us do take counter trend trades. You are correct that Supply and demand is not always at the top or bottom. Plenty of charts in this thread to show you zones marked not at tops and bottoms. Hope this helps.
Ignored
Thank you for that now I can start all over again

Regards

John from Durban
 
 
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