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B.S. Trading with Kenneth Lee

  • #1,361
  • Nov 28, 2011 5:19am Nov 28, 2011 5:19am
Hey Guys,

i took this one buy USD/CHF...lets see

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  • #1,362
  • Nov 28, 2011 5:21am Nov 28, 2011 5:21am
my second trade...AUD/USD

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  • #1,363
  • Nov 28, 2011 5:22am Nov 28, 2011 5:22am
Quoting hcristea
The demand was too big on EURUSD and price went through the first supply level taking my 1st SL.

I had another PO for only 15 pips stop in the extreme supply and was activated. Now it's at BE and waiting to see how this will play.

If this supply zone isnt string enough (and it might not be), then I will consider the 2nd supply and New demand levels if price turns.
here is my nearest supply zone (based on 4h chart). the price has just reacted but i am not in because sellers price action is not sufficient for me. only watching at this moment.
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  • #1,364
  • Nov 28, 2011 5:25am Nov 28, 2011 5:25am
Quoting hcristea
The demand was too big on EURUSD and price went through the first supply level taking my 1st SL.

I had another PO for only 15 pips stop in the extreme supply and was activated. Now it's at BE and waiting to see how this will play.

If this supply zone isnt string enough (and it might not be), then I will consider the 2nd supply and New demand levels if price turns.
well, i take this area for a trade and still in there...

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  • #1,365
  • Nov 28, 2011 5:39am Nov 28, 2011 5:39am
Quoting zamfir
Trades taken last friday.

Total pips = 135 pips.
awesome zamfir ...are you working only with PO`s?
  • #1,366
  • Nov 28, 2011 6:21am Nov 28, 2011 6:21am
Quoting bullzeye
awesome zamfir ...are you working only with PO`s?
Most of the time yes. Sometimes i miss them when i m not watching the charts. If I miss the entry and i m close to entry point, I will enter manually.
  • #1,367
  • Nov 28, 2011 7:27am Nov 28, 2011 7:27am
Hi Kenneth,
I understand Support/ Resistent and am able to draw that line, but how do I identify Supply & Demand ? I read thru' the PDF,.. but am still not in the position to grasp visually where Supply and Demand lines should be drawn.
Can you kindly shed some light on this ? Thanks again,
  • #1,368
  • Nov 28, 2011 8:08am Nov 28, 2011 8:08am
@august21, check out the attachment. I tried to explain how you can visually identify supply. Maybe you'll find this useful. This is how I visually identify supply.

Conclusion: Supply is when the price drops fast from an area. The faster and deeper it drops, the bigger the supply is.

For demand look for the same thing but reversed.
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  • #1,369
  • Nov 28, 2011 8:13am Nov 28, 2011 8:13am
Can anyone here help me out here? I have been trying to catch a good level. But this level don't works with me. Is there any mistake? Or do I miss something?


It's a strong imbalance and it's a fresh level with a good profit margin and it didn't spend too much time at the level too. Confusing. Need help
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  • #1,370
  • Nov 28, 2011 8:20am Nov 28, 2011 8:20am
In the previous example, you could draw the lines right at the open of the big red candle. But your sell pending order should a bit below the line.
As you can see, price has revisited the level and didn't made it right to the price where the supply started. It got closer but just from a bit below it dropped.
  • #1,371
  • Nov 28, 2011 8:43am Nov 28, 2011 8:43am
hcristea,

A well laid out explanation & chart. Tks for sharing.

_________________________
  • #1,372
  • Nov 28, 2011 8:47am Nov 28, 2011 8:47am
Quoting hcristea
@august21, check out the attachment. I tried to explain how you can visually identify supply. Maybe you'll find this useful. This is how I visually identify supply.

Conclusion: Supply is when the price drops fast from an area. The faster and deeper it drops, the bigger the supply is.

For demand look for the same thing but reversed.
your charts look very sexy. How do you get that 3d effect on the candles?
  • #1,373
  • Nov 28, 2011 9:07am Nov 28, 2011 9:07am
Bit More
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Good Trading To All ; Ken Lee
  • #1,374
  • Nov 28, 2011 9:34am Nov 28, 2011 9:34am
@Zamfir, 3d effect? I dont know... unintended. I use darker colors for the Bar Up/Down (DarkGreen & FireBrick), and lighter for Bull/Bear candle (ForestGreen & Red). Some use Black for the Bar Up/Down to see the wicks more clearly.
  • #1,375
  • Nov 28, 2011 9:46am Nov 28, 2011 9:46am
Quoting anthony_tzw
Can anyone here help me out here? I have been trying to catch a good level. But this level don't works with me. Is there any mistake? Or do I miss something?


It's a strong imbalance and it's a fresh level with a good profit margin and it didn't spend too much time at the level too. Confusing. Need help

Bit more info might help , the pair a price legend the time frame. ???
Good Trading To All ; Ken Lee
  • #1,376
  • Nov 28, 2011 9:48am Nov 28, 2011 9:48am
Quoting bullzeye
Hey Guys,

i took this one buy USD/CHF...lets see

Attachment
Hi Bull,
Why not entry on top of yours zones?All this entries is looks like bit late and make you more difficult manage trades.It is about 15-20 pips diff.Is it spread or any reason why you entered there?
I see great market zones but late entries as per Kenn's thread we don't wait for PA confirmation so could you explain little bit.
Thank you in advance.
Krav.
p.s.I am not saying PA conf.in the zone is wrong thing.Everyone has diff.style.
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  • #1,377
  • Nov 28, 2011 9:59am Nov 28, 2011 9:59am
Quoting anthony_tzw
Can anyone here help me out here? I have been trying to catch a good level. But this level don't works with me. Is there any mistake? Or do I miss something?


It's a strong imbalance and it's a fresh level with a good profit margin and it didn't spend too much time at the level too. Confusing. Need help

Sorry didn't read the text.. E/J 30 min .
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Good Trading To All ; Ken Lee
  • #1,378
  • Nov 28, 2011 10:01am Nov 28, 2011 10:01am
Quoting hcristea
@Zamfir, 3d effect? I dont know... unintended. I use darker colors for the Bar Up/Down (DarkGreen & FireBrick), and lighter for Bull/Bear candle (ForestGreen & Red). Some use Black for the Bar Up/Down to see the wicks more clearly.
DarkGreen/FireBrick certainly makes charts look more clear. Thanks for the idea.
  • #1,379
  • Nov 28, 2011 10:25am Nov 28, 2011 10:25am
short 3 pairs, EU, cable, and OZ.
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I love PIE and RTP
  • #1,380
  • Nov 28, 2011 10:39am Nov 28, 2011 10:39am
Quoting Kenneth Lee
Sorry didn't read the text.. E/J 30 min .
Thanks Kenneth Lee.
Actually I don't really understand how to make a confirmation order with this supply and demand strategy. Can you explain more briefly? Really thank you so much.

Besides that, the odd enhancer "arrival" that you written in the PDF.
A strong arrival means a strong rally from the demand level to the supply level if we are selling a currency?
For an instance, there's a fresh supply level and we are going to sell once the price hit the supply level. A strong arrival means that there's a strong rally from the nearest demand level to the supply level before we sell?

Thanks a lot for your help, Kenneth Lee
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