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B.S. Trading with Kenneth Lee

  • #1,381
  • Nov 28, 2011 10:40am Nov 28, 2011 10:40am
Kenneth, I have a question regarding "too much trading before a level".

Why is that an issue if a great imbalance followed anyway? This trading before a level consumes the orders or ...?
  • #1,382
  • Nov 28, 2011 10:41am Nov 28, 2011 10:41am
Quoting ennichisai
short 3 pairs, EU, cable, and OZ.
well done
  • #1,383
  • Nov 28, 2011 10:54am Nov 28, 2011 10:54am
Quoting piotr-fx
well done
thank's dude. have a nice day
I love PIE and RTP
  • #1,384
  • Nov 28, 2011 11:38am Nov 28, 2011 11:38am
Hi to everyone. I just have a General Question about how to draw ( for example arrows or lines or to highlight other areas of S/D ) on Someones Chart that that Person has submitted on this Forum??

IS there a Special Software??

Thanks for any Feedback on this

Apple15
  • #1,385
  • Edited 12:10pm Nov 28, 2011 11:39am | Edited 12:10pm
Quoting ennichisai
short 3 pairs, EU, cable, and OZ.
OZ and cable set SL+
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I love PIE and RTP
  • #1,386
  • Nov 28, 2011 11:55am Nov 28, 2011 11:55am
Quoting anthony_tzw
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...
A confirmation order is normally used on long time frame charts where a big level maybe at . we may not want to place a trade with a 50 or 100 pip stop so we could wait for the price to turn back and even exit the level in our intended direction those confirming the move. We can use a faster chart for this as well which can have levels set up for the reversal already in place.


A strong arrival is best because this will give you a clear Target to aim at. If you don't have a clear demand level from where price has left we then don't know our risk reward possibility. If we are trading against the trend we may want to look on a faster chart for these targets. We can have targets off 4 hr or daily charts as well , That do play out but most of the intraday traders find it hard to let price swing as much as it can while waiting for those bigger gains. it is a trade off. The longer the time on the chart the fewer trades but with greater gains . If you took every intraday trade off every swing it is very possible to make higher gains . But few if any can do this and it can be very stressful.

The great imbalance you speak off. is caused by supply being overwhelmed, but we still need some supply in those levels to affect price on it's return . We try and find levels that look like there is some supply orders left. Each small swing or candle of different color is a sign to us that orders are changing hands. so the stack of orders is growing smaller. a great move away is a view that demand as given way and so the price drops , not necessarily that more supply has conquered it.

people use objects to try and describe the action Sam used food a lot. There is to much so the cost drops. But that doesn't always mean there will be to much next time we get there. That is what we are trying to gauge.

That there will be some orders left when we do test a level again . and in your case there was . just not enough to do what you were expecting. That is a part of trading . if your absent and it is a PO then you take the loss and move on if your present you take a small gain or BE and move on .

I will say this if your level is going to hold it will normally move away on the candle that touched it or the next and doesn't come back . Those are the levels where the orders are still great. If price is coming back inside your level , I would look to get out and look for the next closest one or even re-enter deeper in that level so your risk is less.

The looking for the next one will get you a better entry most times because to break through the last one some of the demand is used up that is what caused the small 25 pip bounce.
Good Trading To All ; Ken Lee
  • #1,387
  • Nov 28, 2011 11:58am Nov 28, 2011 11:58am
Quoting Apple15
Hi to everyone. I just have a General Question about how to draw ( for example arrows or lines or to highlight other areas of S/D ) on Someones Chart that that Person has submitted on this Forum??

IS there a Special Software??

Thanks for any Feedback on this

Apple15


I just expand chart to fullest size then copy image and paste into paint.
Good Trading To All ; Ken Lee
  • #1,388
  • Nov 28, 2011 12:23pm Nov 28, 2011 12:23pm
Hi guys,

Ive been thinking of the trading managment side...

Im sure some of you have tried this, if u have plz let me know what do you think or your results...

Taking the trade with 2 lots, one with a TP at 1:1 and the second one with a trial stop on technical level as Rufus pointed out.

Today we had a nice move on EU, NU and AU.

EU: Went down..gave 1:1 went up again to go down... in this cause u would be out with 1:1 .. with the 2 lots will mean 1:0.5

NU: It would have givin you a 1:1 and now it has stalled (not following other pairs against USD which are falling)

AU: U would have taken 1:1 on the first lot and trial the second one u would have gotten the 2:1 on the second.

The other scenario would be 1:1 and let the second lot ride with the SL at its original position which means all or nothing.. u could get out with a 1:1 and a 2:1 or 3:1 on the second or if the SL is hit.. u would get out with 0 profits.

Let me know what you think...
Trade Smart
  • #1,389
  • Nov 28, 2011 12:36pm Nov 28, 2011 12:36pm
Buy order activated on AUDUSD from the demand level (swap). If this is the beginning of an uptrend then my LONG should move and price should make a HH.

There is a small swap level above. Not sure how price will react to that so I have my SL to BE already and I'm waiting for the market to do her thing.
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  • #1,390
  • Nov 28, 2011 12:46pm Nov 28, 2011 12:46pm
Quoting Osman
Hi guys,

Ive been thinking of the trading managment side...

Im sure some of you have tried this, if u have plz let me know what do you think or your results...

Taking the trade with 2 lots, one with a TP at 1:1 and the second one with a trial stop on technical level as Rufus pointed out.

Today we had a nice move on EU, NU and AU.

EU: Went down..gave 1:1 went up again to go down... in this cause u would be out with 1:1 .. with the 2 lots will mean 1:0.5

NU: It would have givin you a 1:1 and now it has stalled (not following other pairs against...

What type of trading are you doing
intraday or swings off 4 hr daily ?

If I was trading the swings off a 30 min or faster chart I would not bother with this.

If your holding for a daily swing and it is making some decent retracements you can use that type of scaling in and out to maximize profits. taking 1/2 off at a faster charts level and adding it back when it retraces. it does seem easier to add to a position already in progress verses opening a new one . Don't know why Psychology stuff I guess. Because to close and re=enter fully would always give more profits.

On fast charts just cover when you see a spot it can turn maybe locking in enough to cover your next trade making it free. then aim for the target as planned.

I will be covering all this in trade management coming soon I hope. I have loads of irons in the fire . he he
Good Trading To All ; Ken Lee
  • #1,391
  • Nov 28, 2011 12:51pm Nov 28, 2011 12:51pm
Quoting hcristea
Buy order activated on AUDUSD from the demand level (swap). If this is the beginning of an uptrend then my LONG should move and price should make a HH.

There is a small swap level above. Not sure how price will react to that so I have my SL to BE already and I'm waiting for the market to do her thing.
Took this trade too but a little later.
  • #1,392
  • Nov 28, 2011 1:02pm Nov 28, 2011 1:02pm
AUDUSD trade didnt make it.
  • #1,393
  • Nov 28, 2011 1:06pm Nov 28, 2011 1:06pm
Quoting Kenneth Lee
What type of trading are you doing
intraday or swings off 4 hr daily ?

If I was trading the swings off a 30 min or faster chart I would not bother with this.

If your holding for a daily swing and it is making some decent retracements you can use that type of scaling in and out to maximize profits. taking 1/2 off at a faster charts level and adding it back when it retraces. it does seem easier to add to a position already in progress verses opening a new one . Don't know why Psychology stuff I guess. Because to close and re=enter fully would...
Thx Kenneth, Im trading based on the 30mins, same as you do.

Cant wait for that trade management section
Trade Smart
  • #1,394
  • Nov 28, 2011 4:33pm Nov 28, 2011 4:33pm
Quoting hcristea
AUDUSD trade didnt make it.
I enterd @9879 ....sl @ 9871 ...
I moved sl to break even ...should have waited../risked a loss...now it's 30+ pips...
  • #1,395
  • Nov 28, 2011 7:46pm Nov 28, 2011 7:46pm
Quoting Kenneth Lee
A confirmation order is normally used on long time frame charts where a big level maybe at . we may not want to place a trade with a 50 or 100 pip stop so we could wait for the price to turn back and even exit the level in our intended direction those confirming the move. We can use a faster chart for this as well which can have levels set up for the reversal already in place.


A strong arrival is best because this will give you a clear Target to aim at. If you don't have a clear demand level from where price has left we then don't know our risk...




I have get a better understand from you.
This means a lot of small swing before our level is the same with too much candle in a level "time at level". Am I right?
Thanks a lot, Kenneth Lee.
  • #1,396
  • Nov 28, 2011 7:48pm Nov 28, 2011 7:48pm
Quoting hcristea
Buy order activated on AUDUSD from the demand level (swap). If this is the beginning of an uptrend then my LONG should move and price should make a HH.

There is a small swap level above. Not sure how price will react to that so I have my SL to BE already and I'm waiting for the market to do her thing.
I took this trade also Have Took my profit at 0.9920
  • #1,397
  • Nov 28, 2011 8:03pm Nov 28, 2011 8:03pm
May I ask you guys some questions?

Which broker you guys prefer the most and 4decimals price broker is better or 5decimals price broker is better?

I'm using InstaFOREX, so far so good but the commission is quite high. It's a 4decimals price broker.

I also have some demo account in 5decimals price broker and what I found is the 4decimals price chart and 5decimals price chart have some different.

Sometimes I have spot a level in 4decimals price chart, but the level in 5decimals price chart is not that great as the 4decimals price chart.

Besides that, sometime I found the risk is tighter than 5decimals price chart, and vice versa.

May I know how you guys think with this? Appreciate for all opinions.
  • #1,398
  • Nov 28, 2011 8:24pm Nov 28, 2011 8:24pm
I found this in page 40 posted by Nawlins51.
I would like to know is that a swap level?
Is the demand level that I pointed out is a good demand level?

Newbie here...
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  • #1,399
  • Nov 28, 2011 9:52pm Nov 28, 2011 9:52pm
Two trades from yesterday.
EU = 40+ in green
CJ = 20+ in green

Planning to close the trades soon.

I missed the CHFJPY PO , so i had to manually enter.
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  • #1,400
  • Nov 28, 2011 9:57pm Nov 28, 2011 9:57pm
missed a good entry on usd/chf. Anyone caught it?
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