B.S. Trading with Kenneth Lee

closed a oz long at 1.0750 supply, late entry was at work so got in late 31 pips.

Just adding to my last post hopefully this make sense now why I am trying to get your help!







Up Base Drop

Look for the body or wick of the down candle
(closest in the base range of the body or wick of the down candle)


Down Base Up

Look for the body or wick of the up candle
(closest in the base range of the body or wick of the up candle)

Up base up

Look for the body or wick of the up candle closest in the base range of the body or wick of the down candle.


Down base down

Look for the body or wick of the up candle closest in the base range of the body or wick of the up candle.



Is this the right way?



Cheers
Stew

was thinking to short at my tp . but the bigger picture looks up so if i had not been in the long might have tried a scalp short. but bedtime for me , Cheers ken

Hi ken,
Appreciate your support, just trying to figure out how to up-load files hopefully it’s up-loaded. As per my last post request please see attached as per my request





Cheers
Stew

Is this right Ken?

Cheers
Stew

just online today, waiting for the price to move into the zone

Sell trade in GBPUSD was finally triggered. The previous candle missed 0,4 pips, I was ready to think about b_r_oker's tricks. (Split the word because an alien link appears on it).
The SL is planned above 1.5885.
I see this situation as "level on level", isn't it?

P.S.
Closed at 1.5820.

Now I'm buying EURJPY.
Not the best entry ( 105.586) because this level was already touched once and may be broken down. But:
I believe, there are "levels on levels". I don't see a decent resistance up to 106.30, so there is room to take a risk.
I agree that there is a Supply Zone at the recent highs, but for some personal reasons I prefer to expect that this zone will be broken.

P.S.
Stopped with a loss at 105.37, below all levels and below 61.8 Fibo.

Alright I am now long eurusd...I will be very agressive with how I manage my trade due to weakness being shown today in the trend

Current trade probability is probably at 60/40

But getting close to 3 to 1 ...so only need be right about 25 percent to break even. So if the entry has higher odds then 25 percent is a good entry

Alright I have now moved my up to today's low...minimized my risk trend has gotten weaker. So I am willing to get messed around with in my stop due to the probability of trade.

long eu and short uc (8-15 pips expected)

but late for gu

Alright I have now reduced my risk in my investment again

Is it good swap level to go short on EJ?

Alright I closed with a small profit...I will probably consider going short depending on the price action. But I will also consider going long later on depending how price develops

if you consider going short,do you consider demand zone at 1,31969 m30 chart?
thanks

we don't trade resistance there is a good deal of difference between what we are looking for and just a line of dubious choosing.[/quote]

I think your quote above is what I am missing! I am finding plenty of places that I think there is Supply and Demand and they are not working! I am going to have to keep trying and reading posts and hopefully it will "click" for me. I look at plenty of levels that are fresh, move at least 2:1, move fast, and have a good amount of time away from them and they don't work.

I see that i should have shorted my TP. Oh well . NEXT !

back test to learn to find levels .....