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B.S. Trading with Kenneth Lee

  • #1,201
  • Nov 16, 2011 5:04pm Nov 16, 2011 5:04pm
Long now on AUDUSD and EURUSD with tight stops as its against trend.....big upside, small downside, will see how it goes as I sleep.....
  • #1,202
  • Nov 16, 2011 10:22pm Nov 16, 2011 10:22pm
Went to sleep early yesterday..but i set a PO on 5m and slept.

woke up this morning and we have 60 pips.

Nice 90 pips(1m+5m) from scalping , but please be careful in you analysis before scalping..
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  • #1,203
  • Nov 17, 2011 3:33am Nov 17, 2011 3:33am
I took short usdchf from daily supply first target h4 dz second daily next demand zone.
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  • #1,204
  • Nov 17, 2011 3:48am Nov 17, 2011 3:48am
Quoting Pip26
I took short usdchf from daily supply first target h4 dz second daily next demand zone.
I m already in this trade short from past two days now.. will post my chart when i get home.

I took a short on usdchf daily chart.
  • #1,205
  • Nov 17, 2011 4:13am Nov 17, 2011 4:13am
Quoting Pip26
I took short usdchf from daily supply first target h4 dz second daily next demand zone.
nice entry bro
TRADING IS SIMPLE BUT NOT EAZY
  • #1,206
  • Nov 17, 2011 4:19am Nov 17, 2011 4:19am
Quoting Pip26
I took short usdchf from daily supply first target h4 dz second daily next demand zone.
i hope that goes well i wont sweet short the chf just yet.
Have I got something on my face, SOLDIER?
  • #1,207
  • Nov 17, 2011 9:10am Nov 17, 2011 9:10am
Quoting zamfir
Went to sleep early yesterday..but i set a PO on 5m and slept.

woke up this morning and we have 60 pips.

Nice 90 pips(1m+5m) from scalping , but please be careful in you analysis before scalping..
very nice bro
  • #1,208
  • Nov 17, 2011 9:12am Nov 17, 2011 9:12am
Quoting Pip26
I took short usdchf from daily supply first target h4 dz second daily next demand zone.
thanks for showing this opportunity , also short on this pair

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  • #1,209
  • Nov 17, 2011 10:49am Nov 17, 2011 10:49am
Quoting Kenneth Lee
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
When I placed the order that was my first target, others were made on the way down to my order. Learned a valuable leson on that one, if you are going counter trend keep an eye on new levels being made. I could have taken 30 pips at first level, if only I had not disregarded the new levels being made. I am new and this will come with time. Anyway, it bounced near where I expected and went to what should have been my first target with no problem.
  • #1,210
  • Nov 17, 2011 11:00am Nov 17, 2011 11:00am
my usd/chf setup on daily..

currently green with 40+ pips.

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  • #1,211
  • Nov 17, 2011 11:26am Nov 17, 2011 11:26am
Guys, I'm trying to demo this method of trading, as explained by Ken Lee in his PDF. I'm using the 150 & 365 EMA, based on J16. The blue rectangle shows the consolidation zone, the TP and the SL.

Is there any better way to handle this trade??

Critiques and comments are welcome....
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  • #1,212
  • Nov 17, 2011 12:57pm Nov 17, 2011 12:57pm
Quoting springger
Guys, I'm trying to demo this method of trading, as explained by Ken Lee in his PDF. I'm using the 150 & 365 EMA, based on J16. The blue rectangle shows the consolidation zone, the TP and the SL.

Is there any better way to handle this trade??

Critiques and comments are welcome....
sorry mate can't help much , if your pulling parts from different trading ideas your basiclly making your own system . Good Luck Might be the next dynamo. Ken
Good Trading To All ; Ken Lee
  • #1,213
  • Nov 17, 2011 2:45pm Nov 17, 2011 2:45pm
Greetings Ken,

to start with - really great thing you are doing here, much appreciated and respected - thanks.
Secondly, just wanted to emphasize trading this system using PO's. It's really enlightening. I've got a full time job, so I used to feel like I'm constantly missing something. Best trading setups is happening while I'm at work. Recently I started setting lots of PO's, and it's really great. Eliminates impatience, the feel of missing something, and the hit rate is even a little higher. And I don't have to sit in front of my monitor, if I don't want to, to make some money for myself.

So again, respect
  • #1,214
  • Nov 17, 2011 3:21pm Nov 17, 2011 3:21pm
Quoting bangster
Greetings Ken,

to start with - really great thing you are doing here, much appreciated and respected - thanks.
Secondly, just wanted to emphasize trading this system using PO's. It's really enlightening. I've got a full time job, so I used to feel like I'm constantly missing something. Best trading setups is happening while I'm at work. Recently I started setting lots of PO's, and it's really great. Eliminates impatience, the feel of missing something, and the hit rate is even a little higher. And I don't have to sit in front of my monitor, if...
Glad to here it. Yes this trading lends it self to great PO trading though it maybe hard for some of us to relinquish control after sitting in front of ur screens for years .:nerd:, But it should be a goal of all, because who knows when something in life happens and we can't devote our time to watching , be nice to have his figured out as a absent y trader,

Best of Luck Ken
Good Trading To All ; Ken Lee
  • #1,215
  • Nov 17, 2011 3:30pm Nov 17, 2011 3:30pm
Anybody watching this pair??
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  • #1,216
  • Nov 17, 2011 3:43pm Nov 17, 2011 3:43pm
Quoting Kenneth Lee
Glad to here it. Yes this trading lends it self to great PO trading though it maybe hard for some of us to relinquish control after sitting in front of ur screens for years .:nerd:, But it should be a goal of all, because who knows when something in life happens and we can't devote our time to watching , be nice to have his figured out as a absent y trader,

Best of Luck Ken
I know what you mean. I guess when I leave my job I'll stay longer in front of the screen for some quicker wealth building, but when that something happens and I have to devote my time for something else, I sure will always have an alternative.
  • #1,217
  • Nov 17, 2011 4:18pm Nov 17, 2011 4:18pm
Ken,

Do you think that a person can find enough setups each day by just trading the supply and demand areas that are swap levels? They seem to make the most sense to me. Do you trade swap levels often? Thanks in advance.
  • #1,218
  • Nov 17, 2011 4:56pm Nov 17, 2011 4:56pm
Quoting FTimeForex
Ken,

Do you think that a person can find enough setups each day by just trading the supply and demand areas that are swap levels? They seem to make the most sense to me. Do you trade swap levels often? Thanks in advance.

I think it is possible , and yes I like the swap levels, They are levels that are traded in many different trading systems.

They are breakout trades. Just because we are using supply and demand to fine tune our entries the ideology is the same. A breakout is a break of a previous swing. The breakout is the first sign that price is continuing past the high or low.

The entry we are looking for is the retest of the breakout. It has it's own base where orders traded hands until either the supply or demand prevailed. It is the move away from this base as in all our other entry levels that provides the entry point.

This is also the DROP-BASE-DROP , or RISE_BASE_RISE Level that some seem to dislike. Though in my humble opinion are some of the easiest to see and trade.

The only thing i will say is if you look for to many swap levels on very fast charts you maybe disappointed by the results. I would suggest testing any time frame you plan on trading to see how your choices play out. You can test many time frames at the same time so shouldn't taken to long to determine the best time for you.

Cheers Ken
Good Trading To All ; Ken Lee
  • #1,219
  • Nov 17, 2011 6:14pm Nov 17, 2011 6:14pm
Worked like a charm!!! Price climbed steadily to the Take profit area.

At first instance i took profits and escaped, as lower time frames are a bit known for "static".

Attached is the After Chart.

To Ken who contributed so much to the PDF...Kudos on the job well done.

Any other takers??
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  • #1,220
  • Nov 17, 2011 6:19pm Nov 17, 2011 6:19pm
Advanced Trading Idea.

This was not a good S/D trade . The base was not really there. But the drop away from the area was my interest,
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Good Trading To All ; Ken Lee
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