B.S. Trading with Kenneth Lee

Aussie is just incredibly strong at the moment. Only prob I'm having is getting it to restrace to my entry levels. Pretty smooth moves though.

hi there Kenneth Lee, Zamfir, Good Lookin, and friends... here ismy view on EU.... any comments are welcomed,,,

Euro on the weekly is in a downtrend, but currently in a retracement.

I would watch out for the level just below that weekly supply you marked.

Remember , read the market condition(Trend/sideways) first and then decide which side to take. In this case only Supply.

If you are brave & experienced then look for demand

Good luck!!

Look at the chart again we are exiting weekly demand and well below the weekly supply level. Longs are the prefered trade now.

Exactly, it all depends on which TF you are trading. I wouldn't go long on the daily's though, until i see enough evidence that we have enough room to go up.

Please note that my comments/suggestions are as good or bad as anybodys.

I could be wrong or right. It doesn't matter.

What matters is are you confident in your analysis before taking the trade.

I agree with u both guys.
I will only go long at those zones, only IF PRICE PROVIDE A NICE PROFIT MARGIN...(at least 2:1)
so all i need to do is WAIT.
hehehe

GBP/USD H4

i saw a nice swap level on H4 Chart:

1: a perfect supply
2: a nice reaction from the supply
3: a breakthrough of the supply

Nice setup on GBP/AUD today. Pity I missed it. Anyone get in on this?

Had a buy order at 1.2930 on E/U missed by two pips on my feed. Sux.

Article from babypips news letter..

Turning Goals Into Habits
Greetings forex friends! So, we're already a few weeks into 2012 and my big question for you is, “How are your 2012 resolutions going?”

I know for me, my resolution to kick my chocolate chip cookie addiction has already failed miserably. Every time I pass a bakery or stroll down the dessert aisle of the grocery store, I just can't say no to that soft, yet wondrously delicious treat. And I'm sure I'm not the only one who goes through this ridiculous routine every year; we've all, at one time or another, participated in the yearly ritual to make a positive change, only to find ourselves abandoning our goals for whatever reason. How many of us have already broken our new rules to "stop overtrading," or to regularly review and test our mechanical systems at a certain time every day or week? I'm sure I'm not the only one raising my hand, right?

What can we do to stick to our trading resolutions and reach our goals, not only for consistently profitable trading, but to make ourselves better all-around? The answer is simple: "Turn your goals into habits."

Aristotle once said, "We are what we repeatedly do. Excellence, then, is not an act, but a habit." It doesn't get any more simply put than that.

Great athletes don't become great just by playing their sport; they break the game down and get into the habit of regular practice and study to improve and be great. Over time, good habits can turn what could be an extremely difficult skill into something as easy and automatic as breathing.

In terms of trading, getting into the habit of consistently observing the market and recording your thoughts into a trading journal will develop your ability to recognize behavioral patterns and create a process to take advantage of those patterns. Or if you are into mechanical systems, regularly testing and reviewing the results against different market environments will help you optimize or better recognize when/if the system should be deployed.

Of course, good habits can't be turned on like a switch, so here are 3 things to remember to help you on your road to building good habits.

1. Break down the journey to your goal into small steps.

For first time runners like myself, doing a marathon before the end of the year is a lofty goal many set, probably leading to an unrealistic training regimen (like trying to run a marathon on their first day). This will most likely lead to quickly burning out, or worse, an injury before ultimately abandoning said lofty goal. Instead, a better way would be to set a small goal like running for 10 minutes a day, and as the body gets stronger, the time or distance can be increased safely. So, don't try to go Gordon Gekko on your first day of trading. Create a manageable set of mini-goals you know you can accomplish consistently over time, then increase them as you get better.

2. Focus on the process, not the results.

Having an outcome-oriented mentally can be detrimental, especially to new traders. A losing day, not hitting a predetermined profit target, or comparing your results against others can be very damaging psychologically to the inexperienced mind. Forget your P/L, and stick to focusing on those small steps and what you can do better for your next trading session.

3. Give it time.

According to various interweb searches on the subject, it can take between 20 to 250 days of consistent effort to form a new habit. Also, missing a day or two won't necessarily bring you back to square one, so if you've already fallen off the horse this early in the year, jump back on that pony and get going!

At the end of the day, just remember that if you break it down, keep it really simple, and be patient, you’ll increase your chances of reaching your longer-term goals. Like, maybe if I make the simple choice to avoid bakeries and dessert aisles, then I'll kick my cookie addiction. Eh, let's be real--this old man has a better chance of running a marathon! Thanks for reading, good luck, and good trading!


http://i1.createsend3.com/ei/r/FB/26...low.215125.png

http://i2.createsend3.com/ei/r/FB/26...nal.215148.png

A chart for my last post if you like that sort of thing.

did u consider your spread's wide?
just add 2 pips above the upper demand zone...

here's mine... not bad, but market slow move... cosed already, I have to maintain some scalps

AUD/USD arrived in the H4 supply

Yes I followed that move. Charted the following H4 Demand Zones:

1.0232 - 1.0291
1.0146 - 1.0189
1.0042 - 1.0088

Should be able to pick up tighter zones on M30

I Trade with yours strategy SD with sucesse, but i'm a lit confused about Supply and demand. Can you post more charts?
Kind regards
Julio


[quote=Kenneth Lee;5325686]Article from babypips news letter..

Turning Goals Into Habits

PO long on the USDJPY.. 1H.. Taking the trade on the top level as this is the swap level as the arrows indicate.




We have levels on levels. PA is ranging so we should see a bounce at the PO area..

If you create a 4H chart...looking farther left you will see where price has rejected this area 77.31 multiple times.

TSD

i've gone through a couple pages and i can't seem to find any videos regrading this exact method of trading. Could someone post something up?


thanks

try this
http://www.fxstreet.com/search/contr...1-e9bf77216d2f

hi zeppa I saw u in sam's webinar today...

yes, I was there. Really good webinar.