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B.S. Trading with Kenneth Lee

  • #3,361
  • Apr 1, 2012 6:29pm Apr 1, 2012 6:29pm
Quoting Kenneth Lee
chart

Hmmm Barley after .. Sounds like some type of beer.. Barely or right after more likely
Hi ,why nobody mentions Time & Sales info,it's quite useful
  • #3,362
  • Apr 1, 2012 9:16pm Apr 1, 2012 9:16pm
Took the USD/JPY short at 83.25.
ARW, on cable daily (GBP/USD) , I can see an average quality supply line at entry around 1.6050 and stop around 1.6095. But I wont be much thrilled about it as yet. Offcourse, that's my take.
Not trend, but imbalance is my friend
  • #3,363
  • Apr 1, 2012 9:49pm Apr 1, 2012 9:49pm
Quoting Rufus
I am just saying that most people focus to hard on the trading part of the plan and not enough on the psychological.
Yes, I revisited my 4 page trade plan. Its mostly talks about the trading activity rather than the psychological part. Though I am aware of the psychological challenges, I am not quite sure how to pen it down. Will spend more time on that.

Regarding the point you made about lower supply level on USD/JPY, I 100% agree with you. It's not a fresh touch.
Not trend, but imbalance is my friend
  • #3,364
  • Apr 1, 2012 10:53pm Apr 1, 2012 10:53pm
Buy PO at the demand level on 1H CHF/JPY
Attached Image (click to enlarge)
Click to Enlarge Name: supplydemandmt4chart7.gif Size: 14 KB
Not trend, but imbalance is my friend
  • #3,365
  • Apr 1, 2012 11:09pm Apr 1, 2012 11:09pm
Quoting pbanerjee
Buy PO at the demand level on 1H CHF/JPY
MM interesting chart .. nice shot .. will watch
  • #3,366
  • Apr 1, 2012 11:51pm Apr 1, 2012 11:51pm
oz trade
Attached Image (click to enlarge)
Click to Enlarge Name: 04 01.jpg Size: 221 KB
Good Trading To All ; Ken Lee
  • #3,367
  • Apr 2, 2012 12:02am Apr 2, 2012 12:02am
bit more
Attached Image (click to enlarge)
Click to Enlarge Name: 04 01 a.jpg Size: 228 KB
Good Trading To All ; Ken Lee
  • #3,368
  • Apr 2, 2012 12:06am Apr 2, 2012 12:06am
Quoting Kenneth Lee
oz trade
hi kenneth
i'm following you from 1 year ago.
i think that supply/demand level trading is the ONLY trade i can do.
it's simple, effective without indicators showing the PAST.

my view on eu/usd is attached...what do you think about H4 trading?
can you explain your yellow anf blue arrows in your chart?
sorry for my poor english
thanks

the buy on my chart is an old one trade on demo
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 19 KB
  • #3,369
  • Apr 2, 2012 12:15am Apr 2, 2012 12:15am
Quoting mauroby
hi kenneth
i'm following you from 1 year ago.
i think that supply/demand level trading is the ONLY trade i can do.
it's simple, effective without indicators showing the PAST.

my view on eu/usd is attached...what do you think about H4 trading?
can you explain your yellow anf blue arrows in your chart?
sorry for my poor english
thanks

the buy on my chart is an old one trade on demo
I think the 4hr is fine just keep risk management and money management in alignment with the bigger stops associated with 4 hr levels. I would suggest trying to use a faster chart for entries with less risk (smaller stops) that has always been my goal enter off faster charts then hold for longer time frame targets. It will happen just matter of time.

the blue and yellow arrows are the marks left on Oanda's charts showing entries and exits. A red circle is a stop out . and a green circle a tp. The arrows are manual entries or closes I try and circle and connect the ones i am talking of at the time.

Cheers Ken
Good Trading To All ; Ken Lee
  • #3,370
  • Apr 2, 2012 12:17am Apr 2, 2012 12:17am
Quoting Kenneth Lee
I think the 4hr is fine just keep risk management and money management in alignment with the bigger stops associated with 4 hr levels. I would suggest trying to use a faster chart for entries with less risk (smaller stops) that has always been my goal enter off faster charts then hold for longer time frame targets. It will happen just matter of time.

the blue and yellow arrows are the marks left on Oanda's charts showing entries and exits. A red circle is a stop out . and a green circle a tp. The arrows are manual entries or closes I try and...

thanks a lot kenneth,
very cool
  • #3,371
  • Apr 2, 2012 1:39am Apr 2, 2012 1:39am
EUR/USD running like a bullet train to the demand level.. let's see
Attached Image (click to enlarge)
Click to Enlarge Name: DemandSupplyTrade24.png Size: 42 KB
Not trend, but imbalance is my friend
  • #3,372
  • Apr 2, 2012 3:58am Apr 2, 2012 3:58am
Quoting Kenneth Lee
bit more
You using Oanda now? or is that just for posting
  • #3,373
  • Apr 2, 2012 4:30am Apr 2, 2012 4:30am
AUD/USD 15Minutes. What do you guys think?
High quality supply level or...... we shall just leave it?

What is the score for this level? (Odd Enhancers)
Attached Image
  • #3,374
  • Apr 2, 2012 4:31am Apr 2, 2012 4:31am
Quoting grooler
You using Oanda now? or is that just for posting
I always use Oanda.

Good Trading To All ; Ken Lee
  • #3,375
  • Apr 2, 2012 4:37am Apr 2, 2012 4:37am
oz follow up
Attached Image (click to enlarge)
Click to Enlarge Name: 04 01 b.jpg Size: 218 KB
Good Trading To All ; Ken Lee
  • #3,376
  • Apr 2, 2012 4:41am Apr 2, 2012 4:41am
Quoting Kenneth Lee
I always use Oanda.

...
oh, sorry thought you had gft, must have been from earlier in the thread, tried demoing them but its a real pain there is no save chart as image option
  • #3,377
  • Apr 2, 2012 4:45am Apr 2, 2012 4:45am
Quoting grooler
oh, sorry thought you had gft, must have been from earlier in the thread, tried demoing them but its a real pain there is no save chart as image option
No, your right I also use GFT, But use Oanda for my orders lately. Oanda doesn't requote or slip orders. But GFT has a better charting package. I use both but have been posting Oanda lately.

Cheers Ken , back to bed
Good Trading To All ; Ken Lee
  • #3,378
  • Apr 2, 2012 5:04am Apr 2, 2012 5:04am
thanks Ken, get some sleep
  • #3,379
  • Apr 2, 2012 9:00am Apr 2, 2012 9:00am
Quoting grooler
thanks Ken, get some sleep
Yep tonight is my friday , seems like it has been a month getting here, LOL
Good Trading To All ; Ken Lee
  • #3,380
  • Apr 2, 2012 1:49pm Apr 2, 2012 1:49pm
Hi all,

Any thoughts on the following 4hr levels?

EURGBP Demand 0.8290
EURUSD Demand 1.326

Many Thanks
AW
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurgbp020412.jpg Size: 65 KB
Click to Enlarge Name: eurusd020412.jpg Size: 67 KB
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