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Day Trading vs. Swing Trading vs. Position Trading 86 replies

Attachments: B.S. Trading with Kenneth Lee
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B.S. Trading with Kenneth Lee

http://screencast.com/t/Y3eUEBclNHi, sorry i'm kinda new to this kind of trading, i trade in a different way, but why you didn't take the highlighted support?

Or you took it and was a loss?

http://screencast.com/t/Y3eUEBclN
Quoting Kenneth Lee
You answered your question , There are levels everywhere. But the key is when they all align. that would be the perfect trade, Normally. Looking at different times is great. But it should be a task looking for a least risk entry based on your greater time frame charts.

If price action is slow then we can look at a faster chart for scalping opportunities, But this is a different function separate from the multi time frame analysis.

I would still recommend looking for levels on a slower chart even if your taking the entries off a fast...
Thanks for your answer.

When I m lloking from a Slower TF to a Faster TF (eg from 30M to 5M as you said) sometimes on the faster TF I discover new S/D levels which I m not very sure if I should ignore them or not. Is there any criteria for that ? (which ones to choose and which to ignore)

I m attaching an example as well on where I found supply on a 30M chart on a 15M and on a 5M chart. The level changes as you go on a lower TF.
Of course I may be totaly wrong so please let me know.
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my PO on USD/CHF was triggered while i was asleep

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Quoting bullzeye
my PO on USD/CHF was triggered while i was asleep

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my target was hit +100Pips
another PO trade EUR/AUD target 100Pips

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Hi Bullzeye good job in same trade just hit profit.

Tony
Quoting shogeki
Hi Bullzeye good job in same trade just hit profit.

Tony
well done buddy
Hey guys,

any thoughts about an E/U setup?
Quoting bullzeye
another PO trade EUR/AUD target 100Pips

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Impatience has come over me so closed the trade with +55 Pips
EUR/CHF ...i don't no if this is a good idea right now

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I am new in forex market and have been looking for trading system that fit my personality.
I have tried several trading systems and so far the result has not been good until I find your thread. I have been reading and watching Sam's free video and all what he said is perfectly make sense.
Now my account is starting growing up handsomely.
Thanks to Ken and contributors of this thread.

I took this AUDJPY this morning, kind of missed the first entry, on 2nd pullback my PO was hit and price went up around 20 pips but came back down toward where my entry was a couple candles later. I decided to get out with +6 pips thinking that it maybe a new supply area since there is another demand area under it. I have my PO on this area now.
Yellow vertical line is my entry.
Any take on this?
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Quoting bullzeye
EUR/CHF ...i don't no if this is a good idea right now

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I could be wrong, but i don't think it will hold that well. Best to get out if you make good pips early.
I am glad I closed all of my position.
It would have been lost trade. Now waiting for next demand level.


Quoting denoxster
I am new in forex market and have been looking for trading system that fit my personality.
I have tried several trading systems and so far the result has not been good until I find your thread. I have been reading and watching Sam's free video and all what he said is perfectly make sense.
Now my account is starting growing up handsomely.
Thanks to Ken and contributors of this thread.

I took this AUDJPY this morning, kind of missed the first entry, on 2nd pullback my PO was hit and price went up around 20 pips but came back down toward where my...
Attached Image (click to enlarge)
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Just wanted to share this nice Level on Level Demand area on the Kiwi, hope anyone one out there took it. the only problem with it i see, is that it had formed a fat supply level leading into the area, so there is not much room to profit.


Also on another note, im with Go Markets as my Broker, and had this Massive Spike at the end of the 3rd of November. Has anyone got that spike too?

Also be great to hear Clients who are with Go Markets, to check if they got that Spike as well.

My personal Account Manager with Go Markets has claimed they don't manipulate, but seeing this spike, i wonder. Will give them a call tomorrow, and it would be appreciated to get some feedback from you guys if had got that spike on your Platform.

Thanks in advance ..

Regards Apple15
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Hey Apple,

I too am waiting for the trade to open on 30M NZDUSD.

Set the PO. lets see what happens.

Sorry you got the spike. I didn't get any spike.
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Quoting denoxster
I am glad I closed all of my position.
It would have been lost trade. Now waiting for next demand level.
I would suggest you to get rid of all the indicators. Yes!! even the MAs.
Thanks guys, the NZD/USD Setup looks nice...i have an eye on this
Quoting bullzeye
EUR/CHF ...i don't no if this is a good idea right now

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EUR/CHF ...closed this one with +40 Pips
USD/CHF sell order was triggered

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The only indi I have on it is MA (I don't even know if I need it, too lazy to get rid of it ). I couldn't get rid of those two yellow lines on the right side
Anyway, did I pick wrong demand level?


Quoting zamfir
I would suggest you to get rid of all the indicators. Yes!! even the MAs.
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