Attachments: B.S. Trading with Kenneth Lee

B.S. Trading with Kenneth Lee

#1,241
Nov 19, 2011 5:10am Nov 19, 2011 5:10am

Pip26
Joined Nov 2009 | Status: Following X to get the effect | 1,302 Posts

Quoting zamfir

Disliked

Hello boys and girls,

Posting a simple intraday trading mechanism. Its nothing new, but for those who are new to S/D levels and are struggling with picking levels. See the attached charts on how i make pips.

Note , the ideas are simple and make sense to me. Also ken could provide his inputs.

Step 1: Identify market direction(I use simple trend lines, but you could use PA on HTF also, or any other method that works for you). This is key to making any system work!!.
Step 2: Identify Supply or demand levels based on the direction of market and...

Ignored

Nice explanation zamfir.. I just want to explain some more things from my view maybe you already explained. Many traders can get stuck by retracements so i just wanna show how to look at retracwments in trend.
I over write ur chart and then explain the area on M30 and M15 trades are same but just with my view of trend change.

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#1,242
Nov 19, 2011 1:13pm Nov 19, 2011 1:13pm

Kenneth Lee
Joined Nov 2008 | Status: Trade Inspiration Not Despiration . | 4,827 Posts

I am thinking to discuss Trade Management, It may also help with the ideas being shown above as our trend is very important in how we manage a trade for maximum growth.

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Good Trading To All ; Ken Lee

#1,243
Nov 19, 2011 1:43pm Nov 19, 2011 1:43pm

Kenneth Lee
Joined Nov 2008 | Status: Trade Inspiration Not Despiration . | 4,827 Posts

Something totally different, Thanksgiving is coming up and some may want to test their culinary skills. A Turducken is a deboned turkey stuffed with a deboned duck and then a deboned hen, all stuffed with my favorite either a cornbread dressing or Boidiun sausage.

The hard part is the deboning , Here is a you tube which i watched a couple of times and was able to do it the first time pretty easy.

I apologies to all the vegetarians out there. But dirty rice stuffed squash would be awesome as well and no deboning needed.

http://www.travelchannel.com/video/t...-chicken-11726

Cheers Ken

Good Trading To All ; Ken Lee

#1,244
Nov 20, 2011 1:07pm Nov 20, 2011 1:07pm

Kenneth Lee
Joined Nov 2008 | Status: Trade Inspiration Not Despiration . | 4,827 Posts

Sorry guys got side tracked , with Thanksgiving coming up , of course the old Oven on the boat stove decided to pack it up. So spent a lot of time fixing the bake portion , Then after getting all back together I had unplugged the broil connection, couldn't get to the wire all covered in insulation of course. and no high temp wire to be had locally. So robbed peter to pay paul and now one of the top burners doesn't work. hehe. But we have a fully functioning oven and two burners. Will round up some high temp wire first of the week ,

Also I was thinking to add that Trade management stuff to pdf so may take a day or two.. But will work on it..

Cheers ken

Trade safe this week, Though I have some holidays really rock.

Good Trading To All ; Ken Lee

#1,245
Nov 20, 2011 10:19pm Nov 20, 2011 10:19pm

Kenneth Lee
Joined Nov 2008 | Status: Trade Inspiration Not Despiration . | 4,827 Posts

OZ Sunday

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Good Trading To All ; Ken Lee

#1,246
Nov 21, 2011 12:54am Nov 21, 2011 12:54am

xxxxLearner
| Joined Mar 2010 | Status: Learning to set traps | 123 Posts

Quoting Kenneth Lee

Disliked

I am thinking to discuss Trade Management, It may also help with the ideas being shown above as our trend is very important in how we manage a trade for maximum growth.

Ignored

Perfect!!!

#1,247
Nov 21, 2011 1:27am Nov 21, 2011 1:27am

AbhijetPandi
| Joined Apr 2011 | Status: Trader | 216 Posts

Waiting for this setup.

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#1,248
Nov 21, 2011 1:31am Nov 21, 2011 1:31am

xxxxLearner
| Joined Mar 2010 | Status: Learning to set traps | 123 Posts

Anyone looking at this

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#1,249
Nov 21, 2011 2:02am Nov 21, 2011 2:02am

Kenneth Lee
Joined Nov 2008 | Status: Trade Inspiration Not Despiration . | 4,827 Posts

Oz trade.

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Good Trading To All ; Ken Lee

#1,250
Nov 21, 2011 2:11am Nov 21, 2011 2:11am

Kenneth Lee
Joined Nov 2008 | Status: Trade Inspiration Not Despiration . | 4,827 Posts

10 min chart

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Good Trading To All ; Ken Lee

#1,251
Nov 21, 2011 2:16am Nov 21, 2011 2:16am

Kenneth Lee
Joined Nov 2008 | Status: Trade Inspiration Not Despiration . | 4,827 Posts

was thinking it might continue down but off to bed and took the profits.

Cheers Ken

Plus was in that trade a long time . Takes a while during off hours.

Good Trading To All ; Ken Lee

#1,252
Nov 21, 2011 4:37am Nov 21, 2011 4:37am

Fippla
| Joined May 2009 | Status: Trader | 5 Posts

Quoting Kenneth Lee

Disliked

10 min chart

Ignored

What do you mean with no base here? Why no level. I mean it is a fast turningpoint from 1.0000 here. What should it be to be a base?

#1,253
Nov 21, 2011 5:05am Nov 21, 2011 5:05am

zamfir
Joined Oct 2011 | Status: Trader | 835 Posts

Quoting AbhijetPandi

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Waiting for this setup.

Ignored

My suggestion would to be first to get rid of the supdem indicator.

#1,254
Nov 21, 2011 6:49am Nov 21, 2011 6:49am

Kenneth Lee
Joined Nov 2008 | Status: Trade Inspiration Not Despiration . | 4,827 Posts

Quoting Fippla

Disliked

What do you mean with no base here? Why no level. I mean it is a fast turningpoint from 1.0000 here. What should it be to be a base?

Ignored

I agree parity is a strong spot ' that is why I put the stop above it , but not even one candle really on a 10 min chart , a base should be a small grouping of candles with a bit of equilibrium before price races away.

Good Trading To All ; Ken Lee

#1,255
Nov 21, 2011 6:51am Nov 21, 2011 6:51am

Kenneth Lee
Joined Nov 2008 | Status: Trade Inspiration Not Despiration . | 4,827 Posts

still hasn't broke that daily demand came close but hasn't breached it.

Good Trading To All ; Ken Lee

#1,256
Nov 21, 2011 6:58am Nov 21, 2011 6:58am

Kenneth Lee
Joined Nov 2008 | Status: Trade Inspiration Not Despiration . | 4,827 Posts

8 hour chart

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Good Trading To All ; Ken Lee

#1,257
Nov 21, 2011 7:15am Nov 21, 2011 7:15am

Kenneth Lee
Joined Nov 2008 | Status: Trade Inspiration Not Despiration . | 4,827 Posts

chart

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Good Trading To All ; Ken Lee

#1,258
Nov 21, 2011 10:16pm Nov 21, 2011 10:16pm

Kenneth Lee
Joined Nov 2008 | Status: Trade Inspiration Not Despiration . | 4,827 Posts

another great OZ entry in evening .. Shame I have to work , But I did see this as a PO level and came real close to setting it . But close don't count.

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