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B.S. Trading with Kenneth Lee

  • #1,101
  • Nov 9, 2011 7:41pm Nov 9, 2011 7:41pm
i sold the eu yesterday and got 27 pips on my live account... i am eyeing 1.3600 as a mini supply level for a bounce down, your take on this guys?
  • #1,102
  • Nov 9, 2011 8:20pm Nov 9, 2011 8:20pm
the NZD/USD failed yesterday. got stopped out ..nothing major..15 pips loss.

But why it failed?. level looked so good.
Attached Image (click to enlarge)
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  • #1,103
  • Nov 9, 2011 8:25pm Nov 9, 2011 8:25pm
Quoting bullzeye
USD/CHF sell order was triggered

Attachment
my view of the usdchf..
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf_h4.gif Size: 25 KB
  • #1,104
  • Nov 9, 2011 8:27pm Nov 9, 2011 8:27pm
Quoting denoxster
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?
if you can re post without the indicators..would be easy to analyze.
  • #1,105
  • Nov 9, 2011 9:00pm Nov 9, 2011 9:00pm
Quoting zamfir
the NZD/USD failed yesterday. got stopped out ..nothing major..15 pips loss.

But why it failed?. level looked so good.
Tell me about it....I got burned yesterday on quite a few charts that had a similar setup (H4 fresh levels).

H4 - AUD/USD (Stopped out)
- AUD/JPY (Stopped out)
- EUR/CAD is still breathing & struggling came as close as 6 pips from
my stop loss
- CAD/JPY is still struggling and breathing, came as close as 6 pips from
my stop loss
- GBP/JPY (stopped out)

Guess it was one of those bad days (low liquidity, multiple bad news events - greece and italy ) when all the commodity or not safe-heaven currencies got banged up. What a day to be on the other side.............all these pairs have drifted down too far - wondering when is the pull back coming!!!!
  • #1,106
  • Nov 9, 2011 10:03pm Nov 9, 2011 10:03pm
Lol the CHF moved and broke some good levels.

Set PO on a break out..waiting for a pull back.

Sorry bullzeye.

Chose GBPCHF because major news on GBP later today..
Attached Image (click to enlarge)
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  • #1,107
  • Nov 10, 2011 12:01am Nov 10, 2011 12:01am
LOLZ got stopped out on the CHF.

but missed a great trade on the AUDCHF.

CHF is going crazy today.

edit: Did anyone take the trade on CADCHF?.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: audchf_5m.gif Size: 22 KB
Click to Enlarge Name: cadchf_h4.gif Size: 27 KB
  • #1,108
  • Nov 10, 2011 12:16am Nov 10, 2011 12:16am
Quoting zamfir
Lol the CHF moved and broke some good levels.

Set PO on a break out..waiting for a pull back.

Sorry bullzeye.

Chose GBPCHF because major news on GBP later today..
This trade failed. Why? See GBPCHF Dailly(Attached). On the daily the level was not fresh.

Well, we can't win 'em all.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpchf_daily.gif Size: 23 KB
  • #1,109
  • Nov 10, 2011 2:51am Nov 10, 2011 2:51am
Quoting zamfir
the NZD/USD failed yesterday. got stopped out ..nothing major..15 pips loss.

But why it failed?. level looked so good.
Here's the 4 hour. It's a second test of that area. I think first touches are the only ones to trade, but that's my opinion.
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD 4 hour.jpg Size: 60 KB
  • #1,110
  • Nov 10, 2011 3:08am Nov 10, 2011 3:08am
Did anyone take the eurgbp daily?.

I missed it.

This is a fine example of perfect entry on a slower chart.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurgbp_daily.gif Size: 25 KB
Click to Enlarge Name: eurgbp_5m.gif Size: 25 KB
  • #1,111
  • Nov 10, 2011 3:26am Nov 10, 2011 3:26am
Maybe Ken will weight in on this, but the more price touches a zone, the more caution I would use. There are second & third touches that have gone one to produce some pips, but anything can happen. For me the first touch with a quick move away seems to be better. Just my view & nothing more. Certainly not advice.

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  • #1,112
  • Nov 10, 2011 3:31am Nov 10, 2011 3:31am
Quoting zamfir
Did anyone take the eurgbp daily?.

I missed it.

This is a fine example of perfect entry on a slower chart.
suppose you would have traded. Where would you have placed your TP on the 5M chart and why? I m asking so to check if I m on the correct path...
  • #1,113
  • Nov 10, 2011 4:09am Nov 10, 2011 4:09am
Quoting athan00
suppose you would have traded. Where would you have placed your TP on the 5M chart and why? I m asking so to check if I m on the correct path...

I would not have set the TP this early as i m entering a Daily chart. I would wait for a day and keep moving my SL..
The 5M chart was for entry only.
you will need bigger stops on daily chart , hence when we are in a good level on a Daily , we look for entries in smaller TF (5M ideal). and from then on set TP on Daily chart. On Daily's you can atleast 100 pips as TP.
  • #1,114
  • Nov 10, 2011 4:56am Nov 10, 2011 4:56am
Quoting bullzeye
USD/CHF sell order was triggered

Attachment
got lucky on this one, my SL was wide enough...closed this one with +50

Attached Image (click to enlarge)
Click to Enlarge Name: usdchf.gif Size: 24 KB
  • #1,115
  • Nov 10, 2011 4:58am Nov 10, 2011 4:58am
Quoting zamfir
Did anyone take the eurgbp daily?.

I missed it.

This is a fine example of perfect entry on a slower chart.
nope...look on the EUR/JPY move, also sexy

Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy.gif Size: 20 KB
  • #1,116
  • Nov 10, 2011 5:01am Nov 10, 2011 5:01am
Quoting Dopey
Here's the 4 hour. It's a second test of that area. I think first touches are the only ones to trade, but that's my opinion.
thanks for the chart Dopey, i see it clear now. I will concentrate my own on the first touches...gotta stopped here also with -40Pips
  • #1,117
  • Nov 10, 2011 5:38am Nov 10, 2011 5:38am
usd/cad h4 coming up.

Good luck all
Attached Image (click to enlarge)
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  • #1,118
  • Nov 10, 2011 5:57am Nov 10, 2011 5:57am
Quoting zamfir
usd/cad h4 coming up.

Good luck all
thanks zamfir ...i choose one level above yours

Attached Image (click to enlarge)
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  • #1,119
  • Nov 10, 2011 6:22am Nov 10, 2011 6:22am
Quoting bullzeye
thanks zamfir ...i choose one level above yours

Attachment
are you using the supdem indicator?
  • #1,120
  • Nov 10, 2011 7:38am Nov 10, 2011 7:38am
Quoting zamfir
are you using the supdem indicator?
no, why?
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