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B.S. Trading with Kenneth Lee

  • #1,481
  • Dec 5, 2011 10:12pm Dec 5, 2011 10:12pm
I posted earlier AJ 30 Min Chart and H4. I am posting the follow up. I did not take this trade but I was looking for any comments on my analysis.
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  • #1,482
  • Dec 5, 2011 11:27pm Dec 5, 2011 11:27pm
Quoting pipextract
I posted earlier AJ 30 Min Chart and H4. I am posting the follow up. I did not take this trade but I was looking for any comments on my analysis.
Hi Pipex

I don't trade the aj much, but for what it's worth here is a view of the zone you had some question marks in.

That massive speed candle had a swap zone in it which is laid out on the 5m chart. The 15m chart shows a test of that area. So unless there is a strong reversal from the zone I would be hesitant in taking that position. Swap usually do not hav as much S/D in them as an area does that completly reverses a trend
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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #1,483
  • Dec 6, 2011 12:42am Dec 6, 2011 12:42am
Quoting pipextract
I posted earlier AJ 30 Min Chart and H4. I am posting the follow up. I did not take this trade but I was looking for any comments on my analysis.
I took the trade but I like going to BE if direction is dwon on 4hrs
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THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #1,484
  • Dec 6, 2011 1:30am Dec 6, 2011 1:30am
EURUSD is presenting a interesting possibility.

Price is between a fresh DEMAND in the Big Picture and a Fresh Supply on a bearish immediate trend (LL-HL-LL)

I have a buy PO at the fresh DEMAND and SELL PO at the fresh SUPPLY zone.

It seems that price was rejected early above the demand zone.
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  • #1,485
  • Dec 6, 2011 2:42am Dec 6, 2011 2:42am
Quoting hcristea
EURUSD is presenting a interesting possibility.

Price is between a fresh DEMAND in the Big Picture and a Fresh Supply on a bearish immediate trend (LL-HL-LL)

I have a buy PO at the fresh DEMAND and SELL PO at the fresh SUPPLY zone.

It seems that price was rejected early above the demand zone.
I saw there too buddy.
but there are 2 supply zones there, at which supply u plcaed your PO? and where did u put your SL?
I love PIE and RTP
  • #1,486
  • Dec 6, 2011 3:33am Dec 6, 2011 3:33am
The one marked "Fresh Supply" seems to be the one with best odds because from there the price dropped. The 2nd one is exteme.

Actually I've placed 2 POs, 1st is at fresh Supply red line with SL 2 pips above the level. 2nd PO is 2 pips above the 1st PO SL. The reason for this is that most of the time if 1st order end with a loss, the 2nd one works and the reward covers the 1st loss + alot of profit.

But if you like you could include the 2nd level in your first. Have only one sell PO with SL above both levels. This is the safest way. Reward could be not that great but also the loss is smaller. So it depends on your style of trading.
  • #1,487
  • Dec 6, 2011 6:48am Dec 6, 2011 6:48am
Set this last night before family time.

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  • #1,488
  • Dec 6, 2011 7:10am Dec 6, 2011 7:10am
Missed this.
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EDIT: When i say base 2 touched base 1 i'm talking about the pin bar entering into the zone of base 1
EDIT2: TYPO! Meant to say "Based on a base" not "Based a base"
  • #1,489
  • Dec 6, 2011 9:48pm Dec 6, 2011 9:48pm
morning guys... any setup for today?
let's share together.
I love PIE and RTP
  • #1,490
  • Dec 6, 2011 11:26pm Dec 6, 2011 11:26pm
Quoting ennichisai
morning guys... any setup for today?
let's share together.
Yes,,, I would love to see EURUSD Analysis for today, as we enter to previous SD clashing zone just above.
As for what I see here, it is very confusing.
  • #1,491
  • Dec 6, 2011 11:40pm Dec 6, 2011 11:40pm
here's some supply from major currency

supply of EU shold work well, and for cable, I dont know which one is better, but I tend to choose the 1st spply.
for AU not work well till I post this
any advice or comment from u guys?
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I love PIE and RTP
  • #1,492
  • Dec 7, 2011 12:46am Dec 7, 2011 12:46am
Quoting piotr-fx
Kenneth,

first of all - huge thank you to all your help and this thread and every post and pdfs i think you do great job, really.

i have a request to you. i would really apreciate your answer.
i believe most of your readers and s/d levels users understand the idea of the entrance of the trade - could you please write some words about the exit? i mean how you define TP and if you decide to close the trade earlier - why and where?

thank you in advance
Kenneth - could you please answer the quoted post above? thanks
  • #1,493
  • Dec 7, 2011 1:02am Dec 7, 2011 1:02am
Quoting ennichisai
here's some supply from major currency

supply of EU shold work well, and for cable, I dont know which one is better, but I tend to choose the 1st spply.
for AU not work well till I post this
any advice or comment from u guys?
Hi ennichisai,

nice setups , i had the same view...took E/U and A/U sell on supply

lets see how it works

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  • #1,494
  • Dec 7, 2011 1:03am Dec 7, 2011 1:03am
Quoting ennichisai
here's some supply from major currency

supply of EU shold work well, and for cable, I dont know which one is better, but I tend to choose the 1st spply.
for AU not work well till I post this
any advice or comment from u guys?
Looking on your AU chart, and took some peep to left I noticed this SD level been touched several times before.

as a noobie to this method, How would you consider tradng this level knowing it has been react few time before?
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  • #1,495
  • Dec 7, 2011 1:13am Dec 7, 2011 1:13am
Quoting gilben
Looking on your AU chart, and took some peep to left I noticed this SD level been touched several times before.

as a noobie to this method, How would you consider tradng this level knowing it has been react few time before?
actually it is a rally base drop on au. very nice RBD. but yes as u said that has been touched for several times in past.
my consideration to take that area is the common correlation with EU. as au bouce down from recent supply, also will au commonly.

Quote
Hi ennichisai,

nice setups , i had the same view...took E/U and A/U sell on supply

lets see how it works

hey bullz, we're in the same positions. yep, let's see how those positions work.
I love PIE and RTP
  • #1,496
  • Dec 7, 2011 2:02am Dec 7, 2011 2:02am
Quoting ennichisai
hey bullz, we're in the same positions. yep, let's see how those positions work.
...and it works very well
  • #1,497
  • Dec 7, 2011 2:10am Dec 7, 2011 2:10am
Quoting bullzeye
...and it works very well
haha, congratz for the zones and finally for the pips buddy.
I love PIE and RTP
  • #1,498
  • Dec 7, 2011 2:20am Dec 7, 2011 2:20am
Quoting ennichisai
actually it is a rally base drop on au. very nice RBD. but yes as u said that has been touched for several times in past.
my consideration to take that area is the common correlation with EU. as au bouce down from recent supply, also will au commonly.
...As you said the AU did react and is dropping in corresponded to EU.
lets see if it gets all the way down to where bullz is heading it...

  • #1,499
  • Dec 7, 2011 3:16am Dec 7, 2011 3:16am
Quoting gilben
...As you said the AU did react and is dropping in corresponded to EU.
lets see if it gets all the way down to where bullz is heading it...

yes buddy, it's just a common correlation
and see now, all down nicely.
beautifull
I can see a green paper falling down to our pocket and wallet.

and bullzeye,,, very good job bro
I love PIE and RTP
  • #1,500
  • Dec 7, 2011 4:01am Dec 7, 2011 4:01am
Ken congratulations on the tread, i have been reading silently for a while now.
i come from an MA based system and try to combine it with SD.
in order to not mix up ppl here i have stripped my charts from the MAs.
here is my view so far for EU, maybe we are heading to close previous week's gap?
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