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B.S. Trading with Kenneth Lee

  • #3,141
  • Mar 19, 2012 6:26am Mar 19, 2012 6:26am
Current Zones:
EURUSD expecting some supply
GBPUSD expecting some supply
EURGBP expecting some demand

Any thoughts?

Thanks
  • #3,142
  • Mar 19, 2012 9:07am Mar 19, 2012 9:07am
Quoting ARW05
Current Zones:
EURUSD expecting some supply
GBPUSD expecting some supply
EURGBP expecting some demand

Any thoughts?

Thanks
Post some charts
  • #3,143
  • Mar 19, 2012 10:22am Mar 19, 2012 10:22am
E/U bullish picture

Attached Image (click to enlarge)
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  • #3,144
  • Mar 19, 2012 10:24am Mar 19, 2012 10:24am
USD/CHF

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  • #3,145
  • Mar 19, 2012 10:45am Mar 19, 2012 10:45am
Quoting bullzeye
USD/CHF

Attachment
target is 61.8% Fibo and H4 demand zone

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  • #3,146
  • Mar 19, 2012 10:58am Mar 19, 2012 10:58am
Short AUD USD @ 30 minute supply which is near a 4 hour congestion zone.

Counter trend play so aggressive first target profit taking in play.

EUR USD just hit into 4 hour supply so may help also.
Attached Image (click to enlarge)
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  • #3,147
  • Mar 19, 2012 12:15pm Mar 19, 2012 12:15pm
Quoting Rees
Short AUD USD @ 30 minute supply which is near a 4 hour congestion zone.

Counter trend play so aggressive first target profit taking in play.

EUR USD just hit into 4 hour supply so may help also.

Hi Rees,

I took that same trade, my entry was at 1.608 but exited at BE.

I took it as it was the second supply zone on AU and usd index was reaching a 4hr demand zone, AU has been sideways for the last hour and the usd index spiked below the demand area, so decided to exit at BE as price is going nowhere and it could be consuming the supply at that area as we havent seen any decent bounce showing us sellers are in some kind of control.

It could down.. but.. as I didnt see it clear decided to exit.

Os.
Trade Smart
  • #3,148
  • Mar 19, 2012 12:39pm Mar 19, 2012 12:39pm
Hi Osman,

I had to dash out and left the trade open - stopped out for 1% loss. With the supply zone breached and the surge in price it has created a demand zone and will look for longs. Time of day is not great but will see what price does going forward.

Rees.
Attached Image (click to enlarge)
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  • #3,149
  • Mar 19, 2012 12:45pm Mar 19, 2012 12:45pm
Quoting Rees
Hi Osman,

I had to dash out and left the trade open - stopped out for 1% loss. With the supply zone breached and the surge in price it has created a demand zone and will look for longs. Time of day is not great but will see what price does going forward.

Rees.
Hi Rees,

Yeah ill be looking for longs too, beware we have a daily supply at 1.0725

Os.
Trade Smart
  • #3,150
  • Mar 19, 2012 1:15pm Mar 19, 2012 1:15pm
I hear ya Osman!
  • #3,151
  • Mar 19, 2012 1:57pm Mar 19, 2012 1:57pm
Came 1 pip shy from the order
Attached Image (click to enlarge)
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Trade Smart
  • #3,152
  • Mar 19, 2012 2:09pm Mar 19, 2012 2:09pm
AUD/USD

Attached Image (click to enlarge)
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  • #3,153
  • Mar 19, 2012 2:15pm Mar 19, 2012 2:15pm
EUR/CAD nice one

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  • #3,154
  • Mar 19, 2012 11:50pm Mar 19, 2012 11:50pm
I will be offline for a few days , Computer died new one on the way.. KeN
Good Trading To All ; Ken Lee
  • #3,155
  • Mar 20, 2012 3:08am Mar 20, 2012 3:08am
EUR/AUD

looks like a breakout

Attached Image (click to enlarge)
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  • #3,156
  • Mar 20, 2012 3:20am Mar 20, 2012 3:20am
Hello,
Thank you Ken for starting and running this thread for so long. Very informative.

I'm looking for long trade on EU from zone marked by green rectangle on my M15 chart. Passing demand zone around 1.32 because we just bounced from H4 supply.

Question:
Anyone would consider long from somewhere around 1.32? I'm asking because I'm new to multitimeframe analysis.

Attached Image (click to enlarge)
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  • #3,157
  • Mar 20, 2012 5:02am Mar 20, 2012 5:02am
I passed on the EU long from previous post... unfortunatelly... but took short from supply after that.

Attached Image (click to enlarge)
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TP was 40... closed for 31 manually and it went to TP quickly after that. Not saying I'm suprised... at all - seems like it's happening to me almost all the time when I close a bit shy of my TP.
  • #3,158
  • Mar 20, 2012 5:51am Mar 20, 2012 5:51am
AUD/USD

Attached Image (click to enlarge)
Click to Enlarge Name: audusd.gif Size: 25 KB
  • #3,159
  • Mar 20, 2012 5:52am Mar 20, 2012 5:52am
Quoting Luca444
I passed on the EU long from previous post... unfortunatelly... but took short from supply after that.

Attachment

TP was 40... closed for 31 manually and it went to TP quickly after that. Not saying I'm suprised... at all - seems like it's happening to me almost all the time when I close a bit shy of my TP.
well done
  • #3,160
  • Mar 20, 2012 6:37am Mar 20, 2012 6:37am
Quoting bullzeye
well done
Thanks, I see you took different approach today. Are you just looking for supply/demand being broken and going with the momentum? Or additionally entering on fast timeframes levels?
I guess that to be successful you just have to be good at predicting where the price is going. Anyway that's just out of curiosity, I'll stick to what I'm doing now.
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