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B.S. Trading with Kenneth Lee

  • #2,521
  • Feb 13, 2012 2:08am Feb 13, 2012 2:08am
Quoting hcristea
The sell is activated. Lets see if it works.

The plan is to move to BE if price reaches 1.5795 because I expect lower prices. After that we will see how I will act depending on the PA in that area.
Price has reached the first demand area and I moved the SL to BE.

If my analysis on higher time frames is correct then there is a good chance we will see lower prices. So I decided to keep the price to BE and see if price goes lower.

IF it goes lower to the demand zone of 1.5741, then I will lower my SL and decide if I TP or let it open depending on how price is acting in that zone. But first it needs to get there.

P.S. I might be right but that doesn't mean I'm profitable. And what counts in trading is to be profitable.
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  • #2,522
  • Feb 13, 2012 4:49am Feb 13, 2012 4:49am
SELL GBPUSD trade closed at BE.
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  • #2,523
  • Feb 13, 2012 5:21am Feb 13, 2012 5:21am
hi everybody are you take into account the trend when you identify supply and demand....or it is not important
  • #2,524
  • Feb 13, 2012 5:40am Feb 13, 2012 5:40am
Quoting gozila
hi everybody are you take into account the trend when you identify supply and demand....or it is not important
A lot of personal preference here. 1 hr trend up may be a daily down. So what trend? In Sam Seidon odds enhancers one of them is what is the bigger picture.

You might be dealing with a strong uptrend going into weekly supply...Yes trend is important but I may be looking at shorts.

In short, trend depends on your perspective and your trading plan will govern how to trade it.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #2,525
  • Feb 13, 2012 6:21am Feb 13, 2012 6:21am
Quoting Rufus
A lot of personal preference here. 1 hr trend up may be a daily down. So what trend? In Sam Seidon odds enhancers one of them is what is the bigger picture.

You might be dealing with a strong uptrend going into weekly supply...Yes trend is important but I may be looking at shorts.

In short, trend depends on your perspective and your trading plan will govern how to trade it.

I thought of something here that may help with understanding trend. At least how I look at it.

You are out hiking in the middle of the mountains heading toward the ocean. The trend will be down, monthly chart. However in front of you is a 10,000 ft ridge you must go over, daily chart trend up. But to get to the ridge you have a canyon in front of you, hourly chart down. To get to the canyon you need to first climb a hill, 5m chart up.

The photo is looking toward the ocean
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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #2,526
  • Feb 13, 2012 6:58am Feb 13, 2012 6:58am
Quoting Rufus
I thought of something here that may help with understanding trend. At least how I look at it.

You are out hiking in the middle of the mountains heading toward the ocean. The trend will be down, monthly chart. However in front of you is a 10,000 ft ridge you must go over, daily chart trend up. But to get to the ridge you have a canyon in front of you, hourly chart down. To get to the canyon you need to first climb a hill, 5m chart up.

The photo is looking toward the ocean
Add something to the post here.

Each can be climbed or traded in relation to the next one to three time frames. Hence the beauty of multi time-frame analysis
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #2,527
  • Feb 13, 2012 8:32am Feb 13, 2012 8:32am
Alright I have now moved my stop to break even....

I am currently up 2 to 1 in my trade

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  • #2,528
  • Feb 13, 2012 11:04am Feb 13, 2012 11:04am
I have now brought my stop down to protect profits....I will now let it run

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  • #2,529
  • Feb 13, 2012 4:32pm Feb 13, 2012 4:32pm
Alright I just woke up and my short position has been closed got 3 to 1

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  • #2,530
  • Feb 13, 2012 4:48pm Feb 13, 2012 4:48pm
I really like that photo... jaw dropping.


Quoting Rufus
I thought of something here that may help with understanding trend. At least how I look at it.

You are out hiking in the middle of the mountains heading toward the ocean. The trend will be down, monthly chart. However in front of you is a 10,000 ft ridge you must go over, daily chart trend up. But to get to the ridge you have a canyon in front of you, hourly chart down. To get to the canyon you need to first climb a hill, 5m chart up.

The photo is looking toward the ocean
  • #2,531
  • Feb 13, 2012 5:43pm Feb 13, 2012 5:43pm
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Here's a trade I set up late in the eve Sunday 9:00pm PST..
Long the USDCAD


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In w/ 2 @ 99737
SL @ 99640
TP @ 99940

Exited slightly early @ 99878. Got a little jumpy and took profit...

TSD
  • #2,532
  • Feb 13, 2012 5:44pm Feb 13, 2012 5:44pm
Quoting Shermenator
Alright I just woke up and my short position has been closed got 3 to 1

Attachment




TSD
  • #2,533
  • Feb 13, 2012 6:22pm Feb 13, 2012 6:22pm
Quoting Ict
I really like that photo... jaw dropping.
We spend a week there every year. I love it when we get days like that
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #2,534
  • Feb 13, 2012 6:59pm Feb 13, 2012 6:59pm
Attached Image (click to enlarge)
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Took this long on a MO. Price was approaching this area pretty good. The 30 M did really show anything. Dropped down to a 15M to see if there was area. Watch the PA inside the area for a bit before entering.


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Trade moving nicely at this point.. Will see ??

TSD
  • #2,535
  • Feb 13, 2012 7:15pm Feb 13, 2012 7:15pm
Quoting TraderinSD
Attachment


Took this long on a MO. Price was approaching this area pretty good. The 30 M did really show anything. Dropped down to a 15M to see if there was area. Watch the PA inside the area for a bit before entering.


Attachment

Trade moving nicely at this point.. Will see ??

TSD

Stopped out for a loss... On to the next one

TSD
  • #2,536
  • Feb 13, 2012 7:26pm Feb 13, 2012 7:26pm
Attached Image (click to enlarge)
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We have a potential short for the USDCAD. We had a previous touch of the upper level back on 10 Feb. A new level has formed just inside the previous level. So far we have good PA moving into this area.. will see?

TSD
  • #2,537
  • Feb 13, 2012 7:51pm Feb 13, 2012 7:51pm
Attached Image (click to enlarge)
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A reset for a long on the 30M AUDUSD..Might have been a little premature on the previous long...

So here we go again

TSD
  • #2,538
  • Feb 13, 2012 8:24pm Feb 13, 2012 8:24pm
Quoting TraderinSD
Attachment


A reset for a long on the 30M AUDUSD..Might have been a little premature on the previous long...

So here we go again

TSD
Mmmmm ? PA definitely move north.. One could almost say this area @ .06740 was a swapp level.. Maybe KL could shed some light..PA now at .06940 level... Naa couldnt be.. It was taken out...mmmmm?

TSD
  • #2,539
  • Feb 13, 2012 8:40pm Feb 13, 2012 8:40pm
Quoting TraderinSD
Stopped out for a loss... On to the next one

TSD
Hey bud if you dont mind me giving you my thought here.... Focus on keeping on pushing in the main direction not against it . You are attempting to counter the falls ....Selling is just higher probability(at least from this timeframe)

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  • #2,540
  • Feb 13, 2012 8:43pm Feb 13, 2012 8:43pm
Quoting Shermenator
Hey bud if you dont mind me giving you my thought here.... Focus on keeping on pushing in the main direction not against it . You are attempting to counter the falls ....Selling is just higher probability(at least from this timeframe)

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If I try and counter this it will probably be from a higher timeframe...( it takes a larger demand zone to stop a train)
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