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B.S. Trading with Kenneth Lee

  • #1,181
  • Nov 15, 2011 8:53am Nov 15, 2011 8:53am
Quoting Pip26
nice setups zamfir.. My usdcad short entered from upper zone. eurusd missed the buy by 5 pips i overall good today.
yes i too missed the eur. damn it was close..
  • #1,182
  • Nov 15, 2011 9:01am Nov 15, 2011 9:01am
Quoting zamfir
yes i too missed the eur. damn it was close..
there will be more
  • #1,183
  • Nov 15, 2011 9:16am Nov 15, 2011 9:16am
took a risk on that 198 level on OZ and got 24 pips again . also took a/j but it wasn't as good a mover only 12,

If it was earlier in the session might have held , but due to prior lack of movement decided to profit . Not so much the total of each trade but the combination of the whole, have taken 5 trades since 11 last night now 10:23 less than 12 hours plus slept, and up 94 pips. no losses. if your only looking for 100 a week . not to hard to do.
Good Trading To All ; Ken Lee
  • #1,184
  • Nov 15, 2011 10:14am Nov 15, 2011 10:14am
Hello,

It's my first post on this forum. Hope you won't eat me alive for doing something wrong...

UK 100
Entry: ~5620 Short
SL: ~5650

Attached Image (click to enlarge)
Click to Enlarge Name: uk100-15.11.11.jpg Size: 48 KB


Any comments?

Best regards,
Milosz
  • #1,185
  • Nov 15, 2011 10:58am Nov 15, 2011 10:58am
Quoting milosz
Hello,

It's my first post on this forum. Hope you won't eat me alive for doing something wrong...

UK 100
Entry: ~5620 Short
SL: ~5650

Attachment

Any comments?

Best regards,
Milosz

Relax Milosz...

Here is what i would have done. see attached chart.
Attached Image (click to enlarge)
Click to Enlarge Name: uk100-15.11.11.jpg Size: 76 KB
  • #1,186
  • Nov 15, 2011 12:47pm Nov 15, 2011 12:47pm
Hello all, first post on here. I have been reading this thread for about 2 weeks, and reading some of Sam Seiden's articles. Took the buy off of the demand area on eur/usd was expecting it to go to supply area marked on chart, never made it but i did get out +10 pips, rather suckish for the risk but that is how trading goes sometimes. Waiting to sell at the supply area marked on chart below.


Attached Image


Comments are welcome, am quite new at trading supply and demand and here to learn .
  • #1,187
  • Nov 15, 2011 3:05pm Nov 15, 2011 3:05pm
Hey Guys,

take a few trades today, but made a few mistakes because picking not fresh levels...

AUD/USD

Attached Image (click to enlarge)
Click to Enlarge Name: audusd.gif Size: 23 KB


USD/CHF hit my SL

Attached Image (click to enlarge)
Click to Enlarge Name: usdchf.gif Size: 22 KB


USD/CAD

Attached Image (click to enlarge)
Click to Enlarge Name: usdcad.gif Size: 26 KB


and finally catch the bottom on EUR/USD, but taken also one trade in the level below earlier

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 23 KB
  • #1,188
  • Nov 15, 2011 7:06pm Nov 15, 2011 7:06pm
Quoting bullzeye
Hey Guys,

take a few trades today, but made a few mistakes because picking not fresh levels...

AUD/USD

Attachment

USD/CHF hit my SL

Attachment

USD/CAD

Attachment

and finally catch the bottom on EUR/USD, but taken also one trade in the level below earlier

Attachment

Nice, Law of averages .. will prevail.
Good Trading To All ; Ken Lee
  • #1,189
  • Nov 15, 2011 7:11pm Nov 15, 2011 7:11pm
Quoting rgrace
Hello all, first post on here. I have been reading this thread for about 2 weeks, and reading some of Sam Seiden's articles. Took the buy off of the demand area on eur/usd was expecting it to go to supply area marked on chart, never made it but i did get out +10 pips, rather suckish for the risk but that is how trading goes sometimes. Waiting to sell at the supply area marked on chart below.


Attachment

Comments are welcome, am quite new at trading supply and demand and here to learn .
I scanned most of the time frame charts and even on the 15 it was a downtrend. the best we look for is a run to the first tp. if you want to move yoru stop to BE you could but would need some proof it was turning back up. 1.3555 would have been my target on that

Lower Highs mean down .

But like your demand level it was right on
Good Trading To All ; Ken Lee
  • #1,190
  • Nov 16, 2011 8:38am Nov 16, 2011 8:38am
Quoting zamfir
Here is what i would have done. see attached chart.
Thanks for quick reply zamfir :-)

It was little to aggressive entry for me :-) so I waited until 5569 with exit at your level.

Best regards,
Milosz
  • #1,191
  • Nov 16, 2011 8:46am Nov 16, 2011 8:46am
Looks to be a very good day for the markets today.....
  • #1,192
  • Nov 16, 2011 9:22am Nov 16, 2011 9:22am
I don't recommend 1m scalping..but just look how beautiful it is on 1m..

easiest 30 pips i ever made on a 1m chart lol.
Attached Image (click to enlarge)
Click to Enlarge Name: eur_usd_1m.gif Size: 28 KB
  • #1,193
  • Nov 16, 2011 9:42am Nov 16, 2011 9:42am
Quoting zamfir
I don't recommend 1m scalping..but just look how beautiful it is on 1m..

easiest 30 pips i ever made on a 1m chart lol.
Good trade Zam

Just my thoughts, look the chart
Attached Image (click to enlarge)
Click to Enlarge Name: eur_usd_1m.gif Size: 35 KB
I hear and I forget. I see and I remember. I do and I understand.
  • #1,194
  • Nov 16, 2011 10:06am Nov 16, 2011 10:06am
Quoting zamfir
I don't recommend 1m scalping..but just look how beautiful it is on 1m..

easiest 30 pips i ever made on a 1m chart lol.

LOL or 5 min
Attached Image (click to enlarge)
Click to Enlarge Name: chart 119.JPG Size: 233 KB
Good Trading To All ; Ken Lee
  • #1,195
  • Nov 16, 2011 10:18am Nov 16, 2011 10:18am
was actually thinking it break the bottom of that triangle , but it does what it will. the key is to be flexible and follow the charts. not your bias
Good Trading To All ; Ken Lee
  • #1,196
  • Nov 16, 2011 11:07am Nov 16, 2011 11:07am
Since there will be S/D level on every TF, how do we decide which one is the best?
I have tried H4, H1, M30 and M15, so far only M15 is profitable for me.
I would love to trade longer TF.
Any comments on this?
  • #1,197
  • Nov 16, 2011 11:45am Nov 16, 2011 11:45am
Quoting denoxster
Since there will be S/D level on every TF, how do we decide which one is the best?
I have tried H4, H1, M30 and M15, so far only M15 is profitable for me.
I would love to trade longer TF.
Any comments on this?

Find levels on the higher then search for entries on your 15, but hold for targets on the longer. of course price needs to move ..
Good Trading To All ; Ken Lee
  • #1,198
  • Nov 16, 2011 2:54pm Nov 16, 2011 2:54pm
in on this!!








oh dear!!
Attached Image (click to enlarge)
Click to Enlarge Name: cable.gif Size: 25 KB
  • #1,199
  • Nov 16, 2011 3:27pm Nov 16, 2011 3:27pm
Quoting Tedge UK
in on this!!








oh dear!!
am I doing something wrong......any advice welcome
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 24 KB
  • #1,200
  • Nov 16, 2011 4:58pm Nov 16, 2011 4:58pm
I would not get my levels off a 5 min chart, there will be shed loads of them. The more I look at this, the better levels come from the 4H and 1H charts, I've been experimenting today just watching the markets and when the price reaches the levels of demand or supply marked on the 1/4H I have checked the 30 sec charts waiting for indication of a turn, i.e a lower high, large bars etc. The same goes for the exit as well. I might have had a lucky day today, but its been over 500 pips across multiple currencies, but today has been a ranging market....
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