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B.S. Trading with Kenneth Lee

  • #1,501
  • Dec 7, 2011 8:31am Dec 7, 2011 8:31am
Sell order activated and trade closed with a 4.5R reward. (view post) Price has reached the 1st demand ZONE. If prices goes through, there's the other one below.
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  • #1,502
  • Dec 7, 2011 8:37am Dec 7, 2011 8:37am
PO was triggered on GU...

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  • #1,503
  • Dec 7, 2011 8:38am Dec 7, 2011 8:38am
Quoting hcristea
Sell order activated and trade closed with a 4.5R reward. (view post) Price has reached the 1st demand ZONE. If prices goes through, there's the other one below.
well done buddy
  • #1,504
  • Dec 7, 2011 8:40am Dec 7, 2011 8:40am
Quoting bullzeye
PO was triggered on GU...

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hey hey heyyyy. I'm there tooo
now I saw inverted correlation between cable and EU. cable down and EU up.
it will deped on EG may be.
if EG go up, then cable will continues down.
let's see, will the green papers fall down into our pockets again???
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I love PIE and RTP
  • #1,505
  • Dec 7, 2011 8:41am Dec 7, 2011 8:41am
I have been busy with trading stock options...

Anyways..Missed PO entry today on euro. Who all caught it?. Would have 80 pips by now.

Anyways look out for the H4 demand level for Euro...
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  • #1,506
  • Dec 7, 2011 8:43am Dec 7, 2011 8:43am
Quoting hcriesta
Sell order activated and trade closed with a 4.5R reward. (view post) Price has reached the 1st demand ZONE. If prices goes through, there's the other one below.
so you're now long-ing at EU??????????

Quoting zamfir
I have been busy with trading stock options...

Anyways..Missed PO entry today on euro. Who all caught it?. Would have 80 pips by now.

Anyways look out for the H4 demand level for Euro...
ncie setup for bot EG and EU.
Love that EU short if it didnt missed out.
but tomorrow will be another chance bro. well done
I love PIE and RTP
  • #1,507
  • Dec 7, 2011 8:44am Dec 7, 2011 8:44am
Quoting bullzeye
PO was triggered on GU...

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wow, only visible in M30 and below.
good catch, i will have my eyes more on the M30 from now on.
i consider all CT trades good for 1:1, too chicken to stay in front of the trend
  • #1,508
  • Dec 7, 2011 8:50am Dec 7, 2011 8:50am
Quoting ennichisai
so you're now long-ing at EU??????????
No. only TP at that demand zone.
  • #1,509
  • Dec 7, 2011 8:51am Dec 7, 2011 8:51am
Quoting ennichisai
hey hey heyyyy. I'm there tooo
now I saw inverted correlation between cable and EU. cable down and EU up.
it will deped on EG may be.
if EG go up, then cable will continues down.
let's see, will the green papers fall down into our pockets again???
awesome dude...i closed my order very fast via trailingstop with a few pips
  • #1,510
  • Dec 7, 2011 8:53am Dec 7, 2011 8:53am
Quoting piotr-fx
Kenneth - could you please answer the quoted post above? thanks

I will get to this , I promise Ken
But basically look for a opposite level. If you are short look for a demand level if your long supply. Adjust your trade to be around the first swing on your time frame then look for it to break and make anew swing high or low , if doesn't break either tp or get stopped for BE .
Good Trading To All ; Ken Lee
  • #1,511
  • Dec 7, 2011 8:55am Dec 7, 2011 8:55am
chart
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Good Trading To All ; Ken Lee
  • #1,512
  • Dec 7, 2011 8:57am Dec 7, 2011 8:57am
Quoting bullzeye
awesome dude...i closed my order very fast via trailingstop with a few pips
hey eazy dud. still profit is the best.
hahaha
we'll catch another chance...
I love PIE and RTP
  • #1,513
  • Dec 7, 2011 9:15am Dec 7, 2011 9:15am
Quoting hcristea
No. only TP at that demand zone.
wow cool.
I love PIE and RTP
  • #1,514
  • Dec 7, 2011 9:44am Dec 7, 2011 9:44am
GBP/JPY...damn i came too late, but jump right in

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  • #1,515
  • Dec 7, 2011 9:49am Dec 7, 2011 9:49am
E/U missed my buy limit by a few pips, so i get my entry manually

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  • #1,516
  • Dec 7, 2011 10:21am Dec 7, 2011 10:21am
Quoting bullzeye
GBP/JPY...damn i came too late, but jump right in

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hi bullz, watch out that our broken supply zone will react as a support there.
secure with SL+ before reach that area.
good luck
I love PIE and RTP
  • #1,517
  • Dec 7, 2011 12:24pm Dec 7, 2011 12:24pm
There's something to be said for taking the time out to properly analyze an instrument.
I've missed enough trades during my work hours that would have made just as much money as my pay check. Only reason i'm missing them is because i'm not having enough desk time! But for me this is no reason to quit my job.
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  • #1,518
  • Dec 7, 2011 3:16pm Dec 7, 2011 3:16pm
Quoting Kenneth Lee
The least risk, is always associated with a entry of a upper level. But it also means, you may not get as many entries, it is a choice we each must make...
This is true. I've seen this based on my supply & demand trades. I dont have many trades taken in this matter to draw a definitive conclusion, but I have enough to say that if the situation is: level(s) on top of a level, I prefer to place pending orders at each level. So I might get 2 POs on certain zones.

Worst case scenario is both end up with a loss but from my trading journal I can say this is a rare case. I usually manage to get to BE at least.

Most of the time I manage to get a win decent enough to cover the loss with the first and also get 2R left.

Best case scenario: The last PO works and turns out to be 7-8R win which is more than enough.


You have a post on the thread that is a very good example with this situation where you have 3 Buy POs on AUDUSD, first one turn ti be a loss but the 2nd one with a tight SL turn out to be a huge winner.
  • #1,519
  • Dec 7, 2011 3:46pm Dec 7, 2011 3:46pm
Quoting bullzeye
E/U missed my buy limit by a few pips, so i get my entry manually

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my areas for E/U for tomorrow

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  • #1,520
  • Dec 7, 2011 6:22pm Dec 7, 2011 6:22pm
Quoting hcristea
This is true. I've seen this based on my supply & demand trades. I dont have many trades taken in this matter to draw a definitive conclusion, but I have enough to say that if the situation is: level(s) on top of a level, I prefer to place pending orders at each level. So I might get 2 POs on certain zones.

Worst case scenario is both end up with a loss but from my trading journal I can say this is a rare case. I usually manage to get to BE at least.

Most of the time I manage to get a win decent enough to cover the loss with the first and also...
When I first started using s/d i had a e/j where there was 4 levels i placed orders on 3 it went as far as the 4th, then reversed all the way through the first 3 . So any loses on each level was made up . it is hard to keep taking the entries after losers but it is the way of the game.

Just look for the trend on bigger charts and if they are in tune with your levels don't be afraid,

Quote of the day:

"Fear can cause you to hesitate, and hesitation can cause all your fears to come true"
Good Trading To All ; Ken Lee
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