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B.S. Trading with Kenneth Lee

  • #2,881
  • Feb 29, 2012 5:36am Feb 29, 2012 5:36am
Hi all,

Anybody expecting 0.84 on EURGBP for some demand to kick in?

Thanks
  • #2,882
  • Feb 29, 2012 6:32am Feb 29, 2012 6:32am
Hey guys I have not had time to post...Since I am currently scalping very small time frames since I am going to be playing a bit of poker so have to make money for the month faster lol.

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Since I am trading too many small time frame it is too hard for me to post them live. I will try and post a bit more once I move back to higher time frame trading
  • #2,883
  • Feb 29, 2012 6:39am Feb 29, 2012 6:39am
Quoting ali_walji5
Anybody expecting 0.84 on EURGBP for some demand to kick in?
Hi, ali_walji5,
My forecast is unsientific, but looks artistic
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  • #2,884
  • Feb 29, 2012 8:03am Feb 29, 2012 8:03am
USDCAD daily demand zones:
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  • #2,885
  • Feb 29, 2012 8:15am Feb 29, 2012 8:15am
Quoting Osman
Hey Bullzeye,

Correct me if im wrong but I see euro in a supply area on the daily, we are at one but above we've got another one which has been touched already but with the consumption on the actual level its gonna make it hard to break it imho.


Os.
Bullzeye must have been joking.

I wouldn't go long there even if Warren Buffett told me to!
  • #2,886
  • Feb 29, 2012 9:39am Feb 29, 2012 9:39am
Quoting bullzeye
E/U nice demand level on daily:nerd:

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FFS Thats not daily demand. (maybe on much lower time frames you will find some demand).
  • #2,887
  • Feb 29, 2012 9:41am Feb 29, 2012 9:41am
Current long I am in...

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  • #2,888
  • Feb 29, 2012 10:04am Feb 29, 2012 10:04am
Quoting Shermenator
Current long I am in...

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That was fast....lol. Onto the next trade
  • #2,889
  • Feb 29, 2012 12:30pm Feb 29, 2012 12:30pm
Been following the thread for ages but posted only once previously; will do so more frequently going forward.

AUD USD 30 minute set up triggered whilst I was out. Price reacted off of the level hitting my take profit @ 1.08. 10 tick stop so good risk/reward.

Price currently pushing through the zone with another one just below, although the wick does create some doubt on my part.
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  • #2,890
  • Feb 29, 2012 3:48pm Feb 29, 2012 3:48pm
Quoting Kagawa
Bullzeye must have been joking.

I wouldn't go long there even if Warren Buffett told me to!
  • #2,891
  • Feb 29, 2012 3:52pm Feb 29, 2012 3:52pm
how about this zone guys?

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  • #2,892
  • Feb 29, 2012 4:09pm Feb 29, 2012 4:09pm
30 minute demand within the 4 hour zone you posted. Missed it, too busy watching England v Holland!
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  • #2,893
  • Edited 1:29am Mar 1, 2012 12:07am | Edited 1:29am
Quoting bullzeye
how about this zone guys?
I'm long in EURUSD at 1.3325, from the beginning of Asian session, +1 pip protected.

Edit: Little interest in the Asian session, pushing lower in the European session, out with +17 pips.
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  • #2,894
  • Mar 1, 2012 3:57am Mar 1, 2012 3:57am
Hi guys!

Here is one new trade today on e/u m30. Daily trend is down, price is maybe heading to the demand level on daily (dotted yellow line on d1 tf), so only shorts today, the level is fresh, good move from base, r:r = 1:2. let's see what will happen. Any comments are appreciated. Have a nice day!

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Profit Margin is the King!
  • #2,895
  • Mar 1, 2012 8:45am Mar 1, 2012 8:45am
Quoting bullzeye
how about this zone guys?

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spiked down and my PO was hit, SL to BE , Target 150 Pips

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  • #2,896
  • Mar 1, 2012 4:39pm Mar 1, 2012 4:39pm
Reading through your thread Ken, and liking it quite a bit. You've stayed with Seiden's concepts. They're the basis of my understanding of the markets as well.

Nowadays trading a trend following multiple timeframe approach and I'm going to spend this weekend trying to merge that with Seiden's/your approach.
  • #2,897
  • Mar 1, 2012 8:12pm Mar 1, 2012 8:12pm
Quoting bullzeye
spiked down and my PO was hit, SL to BE , Target 150 Pips

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Nice pick Bullzeye Looks like a clean shot to target.

TSD
  • #2,898
  • Mar 1, 2012 9:08pm Mar 1, 2012 9:08pm
Looks like a super strong trend but I do think this is a level and if the JPY begins to appreciate this is a good spot to short it. Great rejection off the most recent time at this level.

I'm worried its too easy to fight the trend with this method. I guess the first time GBPJPY got here was a better short but this time I figured is still valid b/c it came off so much and it has been awhile, however I feel like the chart is extremely bullish on the daily, 4hr and 1hr. With that being said I am short this area targeting 3:1 if we can get through that little noise to the first little base.

Comments/ thoughts on trading this method fading the trend?
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  • #2,899
  • Mar 2, 2012 1:35am Mar 2, 2012 1:35am
Quoting bullzeye
spiked down and my PO was hit, SL to BE , Target 150 Pips

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this biatch i am out on BE...looks like the demand will consumed
  • #2,900
  • Mar 2, 2012 2:37am Mar 2, 2012 2:37am
Wick zones=S*** zones
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