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B.S. Trading with Kenneth Lee

  • #1,141
  • Nov 13, 2011 4:48pm Nov 13, 2011 4:48pm
Quoting green_trader
Scalp EU early morning asia time. any tf any pair
another scalp for just a few pips... unworth but thank God still profit...
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TRADING IS SIMPLE BUT NOT EAZY
  • #1,142
  • Edited 7:04pm Nov 13, 2011 5:48pm | Edited 7:04pm
EU and GU short entries

closed both

All thank's to Mr. Kenneth Lee who has taught me the best way to trade through his posts...
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TRADING IS SIMPLE BUT NOT EAZY
  • #1,143
  • Nov 13, 2011 5:58pm Nov 13, 2011 5:58pm
hi guys!!
i need an advise regarding a new laptop computer.
im interested in buying a new one but not sure which one consider to be good and reliable for trading.(i use a different computer i have for internet so this new one will be for my trading platform only!).
any recommendation?...(i would say the max im willing to pay is 800$)

(kenneth i hope u don't mind me posting it here,if u do- my apology,wont do it again).

wish us all a great trading week!!
take care!!!
  • #1,144
  • Edited 12:32am Nov 14, 2011 12:22am | Edited 12:32am
Hi dear Kenneth and dear traders
assuming demand will hold becouse we made Higher High

and reversed

aligater
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born to speculate
  • #1,145
  • Nov 14, 2011 12:35am Nov 14, 2011 12:35am
Quoting aligater
Hi dear Kenneth and dear traders
assuming demand will hold becouse we made Higher High


aligater
Hi aligater,

I am not an S/D pro...however, don't you think that the overall trend is down, even though you are looking on a 1 min chart. Then again I do not know how valid these set -ups are on the 1 min chart.
Moreover, based on your chart -
Price seemed to have moved away a lot quicker from the marked supply area than when compared to your marked demand area
  • #1,146
  • Nov 14, 2011 12:40am Nov 14, 2011 12:40am
Quoting ssk1284u
Hi aligater,

I am not an S/D pro...however, don't you think that the overall trend is down, even though you are looking on a 1 min chart. Then again I do not know how valid these set -ups are on the 1 min chart.
Moreover, based on your chart -
Price seemed to have moved away a lot quicker from the marked supply area than when compared to your marked demand area
agree my friend
thats why I always have PLAN B ,just in case ,bec after something happens we all are suddenly wise .
so we need Plan B .

Cheers
aligater
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born to speculate
  • #1,147
  • Nov 14, 2011 1:25am Nov 14, 2011 1:25am
Quoting aligater
agree my friend
thats why I always have PLAN B ,just in case ,bec after something happens we all are suddenly wise .
so we need Plan B .

Cheers
aligater
nice +++


aligater
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born to speculate
  • #1,148
  • Nov 14, 2011 1:31am Nov 14, 2011 1:31am
Quoting aligater
nice +++


aligater


haha nice plan B!!!
  • #1,149
  • Nov 14, 2011 2:06am Nov 14, 2011 2:06am
Hmm.. just to joke, is this an ok level?

(Nevermind the red vertical mark, means nothing)
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  • #1,150
  • Nov 14, 2011 2:26am Nov 14, 2011 2:26am
Quoting SteMag
Hmm.. just to joke, is this an ok level?

(Nevermind the red vertical mark, means nothing)
I would not trade that level. I usually look for R-B-D or D-B-R patterns. R-B-R and D-B-D are not very reliable patterns, however they work sometimes.
  • #1,151
  • Nov 14, 2011 2:36am Nov 14, 2011 2:36am
Quoting zamfir
I would not trade that level. I usually look for R-B-D or D-B-R patterns. R-B-R and D-B-D are not very reliable patterns, however they work sometimes.
Ok thanks!
  • #1,152
  • Nov 14, 2011 8:29am Nov 14, 2011 8:29am
Quoting Winston Reed
Picking "good looking" levels whether or not with the trend seems to be key.
Agreed. Trends change at higher time frame demand or supply. So an up trend on a 5 min may end when price hits 60min supply for example. If you know this then you have better information than a moving average. So you just look for higher time frame levels as possible turning points and don't enter on smaller time frame levels too close to opposing higher time frame levels.
  • #1,153
  • Nov 14, 2011 10:23am Nov 14, 2011 10:23am
Oz , I was tired and missed most these moves i almost took OZ from the top yesterday before work but spread and stop would be to wide .

Here is the chart.
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Good Trading To All ; Ken Lee
  • #1,154
  • Nov 14, 2011 10:34am Nov 14, 2011 10:34am
Quoting bumapatria
Thanks for that explantion to sindu above. helped me too
thanks kenneth, i woudllike to keep up and i see a different PA trading style and i would surly love to observe yours

one question if i may,

how would u trade stacked levels? for example u are short and u see stacked demand, would you target the lowest one or the nearest one? or does PA tell you then?

thanx
If they are close enough you could adjust your trade size to incorporate both .Or the safest trade would to target the highest or lowest level. It also will not get hit all the time but should produce better winners,

The process that makes those better is the fact that at each level a bit of trading currencies takes place . To break through a level takes some of the person or persons allotted funds to do so. So then at the next level they will have less to trade, So that level may now hold and push price back.

Plus as a general rule these will be fresh levels , So additional players may have come in to strength that last level also believing it to be better. Plus look for the one with the best looking base.

In the above charts you can see that the higher supply level is a much more defined level. But you also may notice that price missed it by a few. If you scan your charts for these near misses they will show you the best levels. Because when price turns right before a level it is a very strong one that big money doesn't want to miss.


Hope this is clear if not ask ,, Ken
Good Trading To All ; Ken Lee
  • #1,155
  • Nov 14, 2011 10:46am Nov 14, 2011 10:46am
Quoting elliotrader
hi guys!!
i need an advise regarding a new laptop computer.
im interested in buying a new one but not sure which one consider to be good and reliable for trading.(i use a different computer i have for internet so this new one will be for my trading platform only!).
any recommendation?...(i would say the max im willing to pay is 800$)

(kenneth i hope u don't mind me posting it here,if u do- my apology,wont do it again).

wish us all a great trading week!!
take care!!!

No not at all. Some FF ,members are great IT guys, I am not so much just know what works for me and not a gamer so not very impressive. I will say that anyone looking for multiple monitors might consider DVI/usb adapters instead of a high dollar multiple port video card . I use 3 attached to this weak machine with no issues. PLus a lot of ram is always good. That is your instant memory and makes everything run faster. DDR3 is a super bike compared to old DDR2. I still only have 1 gig of ddr2, LOL
but new 2 gig is sitting on my desk .

Anyway my 2 cents worth and not worth much ,, cheers.

PS I only buy refurbished , This one I got for $279.00 , Cheap Basta.. LOL

It is about 3 years old and runs 24/7
Good Trading To All ; Ken Lee
  • #1,156
  • Nov 14, 2011 11:56am Nov 14, 2011 11:56am
Quoting Kenneth Lee
Oz , I was tired and missed most these moves i almost took OZ from the top yesterday before work but spread and stop would be to wide .

Here is the chart.
yes Ken, i was looking for that one, but my PO was not hit (see chart)...now i looking for demand levels with two orders

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  • #1,157
  • Nov 14, 2011 12:19pm Nov 14, 2011 12:19pm
Quoting Kenneth Lee
Oz , I was tired and missed most these moves i almost took OZ from the top yesterday before work but spread and stop would be to wide .

Here is the chart.
Yes I took that off the 4hour chart for 82 pips, exited when 5min charts started ranging, but got an even better one off the GBPUSD for 120 pips also picked up 60 pips on USDCAD again on the 4 hour chart, and 20 pips on EURGBP combining entry from 4hour and exit on 30min level. I've had a better day today after studying multiple time frames and trying to get my levels off the 4H. Had a few losses by going in too early on some trades that seem to be turning now. Currently in on AUDUSD, EURUSD and GBPUSD long, although not sure about cable at moment.
  • #1,158
  • Nov 14, 2011 12:20pm Nov 14, 2011 12:20pm
Quoting coxsox
Yes I took that off the 4hour chart for 82 pips, exited when 5min charts started ranging, but got an even better one off the GBPUSD for 120 pips also picked up 60 pips on USDCAD again on the 4 hour chart, and 20 pips on EURGBP combining entry from 4hour and exit on 30min level. I've had a better day today after studying multiple time frames and trying to get my levels off the 4H. Had a few losses by going in too early on some trades that seem to be turning now. Currently in on AUDUSD, EURUSD and GBPUSD long, although not sure about cable at moment....
very nice bro , please share your charts
  • #1,159
  • Nov 14, 2011 12:41pm Nov 14, 2011 12:41pm
Quoting bullzeye
very nice bro , please share your charts
Here's the AUDUSD, entry off the 4H, not sure if I got slightly lucky there as the stop would have been quite large and also took the entry on market open which is probably never a good idea. I exited off the 5 min and by the looks of it I should have let it run, so the luck appears to have balanced out on this one....latest long also shown, looks like another good entry and a bit lucky, but I've had my fair share of being unlucky in this learning game

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  • #1,160
  • Nov 14, 2011 12:49pm Nov 14, 2011 12:49pm
EURGBP entry, again off the 4H charts, but checked for demand level off the 30 min, also the trend appears to be upwards so as this was against trend, exited at first TP being 30 min demand level.

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