B.S. Trading with Kenneth Lee

ive been looking at my mt4 all day today to see if i got this way. now could somebody tell me if ive cracked it? ill post a m30 as a zone and m15 to get my tighter entry

Yellow box is demand zone
orange thing line box (on m5) is the tighter entry

GREAT THREAD BTW

USD/CHF...mhhh, interesting area

SILVER long, target is the swap area

here is this weeks charts so far just goes to prove no matter what your skill level you can make decent gains . Just try and control losses . I don't have many big trade more because when i trade . i trade mostly when others wouldn't , because of job and other commitments.

The rest of them , Again I am doing this more for myself than much anything else. I am building a file of all my trades . To identify and correct my trading errors. Like that one e/u crap trade.

I know a lot will look at the chats and trades above and say damn man your risk to reward stinks, But in reality it is more my profit taking . most the trades have a decent risk to reward on the ones with a high risk i tend to take profits to soon . So as normal it is the function of the trader not the trade.

But as i like stress free trading i do just get in and out and move on . Plus the time of day i trade plays a big part in the hows and whys.

Plus once you enter a trade , the stop can only be where it is suppose to be . so you can take a loss or place the stop where it needs to be and then see if price does what the analysis says , even if the analysis is to late . like the e/u trade.

The key for me is seeing where the stops should be and the trying to trade as close to them as possible . a entry deep into a level can give the best trades and trades with little or no draw down are the best .

But in hindsight on bad entries like the e/u, One should instantly hit the exit button and take a pip or 2 loss and then look for the real trade . This is hard to do, as then you are instantly saying i was wrong from the start , but in the bigger picture you will become a bigger man for doing it . just as admitting your wrong in anything else . People respect that and you will respect yourself as well.

So always do what is in your best interest. ME TOO

Hi Kenneth,

I have just started looking into supply & demand and find it very interesting! Here is a chart that I have been trying to find S&D on and would just like to see if I am drawing them correctly? This is a m30 AUDUSD chart and I draw most of them from m30 except the lowest one was drawn from m15.

Thank you for your time.

I understand peoples needs to have their work checked , but I f i start grading everyone's charts it leaves me no time for much else. This is why you see me not responding . I hate not to but just don't have the time.

I have written poorly but it is there the pdf on the basics also Sam sieden has many videos to watch . I also have posted over 300 charts on this thread each with the levels marked. that I use, Almost any level is good you just may wait for a good deal of time for some that are picked to get hit.

Take into account how strong a trend is also is it coming into contact with a level off a longer time chart. Large levels can have orders sitting before the level , Because we aren't the only ones trading these levels that is why price reacts around them , So some I am sure retailers as well will place orders before to not miss the move. Which will give you doubt as well, But if your just getting missed by a few your levels are good your entries just need tweaked.

Maybe over the next days or two , maybe the weekend I will try and post some thoughts on how i see levels and also some basics n price action , my views of course .

But don't feel neglected if i don't respond to those inquiries. and if others want to respond feel free. it is a public forum not a personal journal.

Cheers ken

here is some thoughts on what is happening with OZ

Hi Kennneth!

I agree that swap line can be dangerous in this case, because we have fresh new H1 demand area just few pips south from the line.

kruger

Missed the short but caught another one. There are always trades to take.

chart

hit my target to the point

nice trading Ken

Thanks you as well,

GBP/JPY lil late, but i have wait for confirmation first

EUR/JPY similar situation

E/U entered after confirmation on m30

I'm trading against you on this one... I've been in long since 1.3019, based off the 4hour chart demand in that area. Target of 1.3138...

Though, to be fair I already took 1/3rd off the table when we got near my target earlier today.. and my stop was moved up to 1.3055. So no matter what, this trade has paid back the risk took on it, and now I'm just looking for some gravy.


EDIT: correction, my stop is at 1.3075