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B.S. Trading with Kenneth Lee

  • #3,661
  • May 28, 2012 4:25am May 28, 2012 4:25am
chart
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Good Trading To All ; Ken Lee
  • #3,662
  • May 28, 2012 4:55am May 28, 2012 4:55am
Everyone , enjoy the day off, and take a moment to remember the ones that make your way of life what it is,

http://www.theconservativemom.com/wp...-Cartoon-4.jpg
Good Trading To All ; Ken Lee
  • #3,663
  • May 28, 2012 5:40am May 28, 2012 5:40am
did this on mt4-not really the same but hopefully shows you what I mean.
Long charts are 30 min, smaller charts in middle are 1 hour.
I actually have 10 min charts for intraday and 30 mins for longer term trend, I find this a lot better visually than 30 min charts but everyone is different.
Looking at it, the picture I've given isn't as good as the charts that can show 10 mins-seem to show price so much better with this chart set up. Oh well.
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  • #3,664
  • May 28, 2012 5:44am May 28, 2012 5:44am
Quoting bootsyjam
did this on mt4-not really the same but hopefully shows you what I mean.
Long charts are 30 min, smaller charts in middle are 1 hour.
I actually have 10 min charts for intraday and 30 mins for longer term trend, I find this a lot better visually than 30 min charts but everyone is different.
Looking at it, the picture I've given isn't as good as the charts that can show 10 mins-seem to show price so much better with this chart set up. Oh well.

Yes we all have different ways of SEEING things . I would have trouble with those charts can't see any details. But if it is what helps you to see clearly that is all that is important.
Good Trading To All ; Ken Lee
  • #3,665
  • May 28, 2012 5:47am May 28, 2012 5:47am
Subscribed - found thread recently - Ken read your book about S&D, I understood it and it was clear. good to see other interpreting the work. let's learn together!
<---Look Left
  • #3,666
  • May 28, 2012 6:04am May 28, 2012 6:04am
Quoting Kenneth Lee
Had a nice start to a holiday week 152 pips. 75 on oz and 77 e/u they were opened on Friday closed last night after work. Oz could have made a few more but would have lost that on e/u so all good.
Fantastic trading, Ken! I'm not sure what you saw on the EUR but the AUD certainly worked out as planned. I have just turned short on the AUD off that H4 zone and hope it plays out.
  • #3,667
  • May 28, 2012 6:09am May 28, 2012 6:09am
Quoting londonhearts
Fantastic trading, Ken! I'm not sure what you saw on the EUR but the AUD certainly worked out as planned. I have just turned short on the AUD off that H4 zone and hope it plays out.
yes euro was more off the hip , but follow the daily back to july plus the big number 1.2500 was right below

entry was 1.2517

yes thought of shorting oz as well
but to slow right now
Good Trading To All ; Ken Lee
  • #3,668
  • May 28, 2012 6:21am May 28, 2012 6:21am
http://www.forexfactory.com/ninjatrader.comCan someone tell me why this demand level failed.thought it was pretty strong because of how it left the area ,although the MA's are downward.
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  • #3,669
  • May 28, 2012 6:24am May 28, 2012 6:24am
Quoting Kenneth Lee
Yes we all have different ways of SEEING things . I would have trouble with those charts can't see any details. But if it is what helps you to see clearly that is all that is important.
That's why I have them on 10 mins tf rather than the 30 min tf that is shown-15 min just didn't look right. Wish I could do a screenshot as it really is awesome-anyone who has Oanda I'd recommend they try it at least
  • #3,670
  • May 28, 2012 7:05am May 28, 2012 7:05am
Quoting bodine
http://www.forexfactory.com/ninjatrader.comCan someone tell me why this demand level failed.thought it was pretty strong because of how it left the area ,although the MA's are downward.

MA's ???? what are they about .. your chart isn't showing up not sure why ...
Good Trading To All ; Ken Lee
  • #3,671
  • May 28, 2012 7:19am May 28, 2012 7:19am
Quoting Kenneth Lee
MA's ???? what are they about .. your chart isn't showing up not sure why ...
moving averages.....there pointing down with strong angle....don't know whats up with chart on your end,i can see it on my end
  • #3,672
  • May 28, 2012 7:26am May 28, 2012 7:26am
Quoting Kenneth Lee
Yes we all have different ways of SEEING things . I would have trouble with those charts can't see any details. But if it is what helps you to see clearly that is all that is important.
can you explain what details your looking for that are not on my chart
  • #3,673
  • May 28, 2012 7:28am May 28, 2012 7:28am
Quoting bodine
can you explain what details your looking for that are not on my chart
It's all in the PDF from the first page... try not to sound so demanding if the info is there for you.
FXGears.com
  • #3,674
  • May 28, 2012 7:35am May 28, 2012 7:35am
Quoting Jack_Larkin
It's all in the PDF from the first page... try not to sound so demanding if the info is there for you.
read PDF, just wondering why demand failed tha's all.....so demanding PLEASE....i post something and if it gets answered or not i,m ok with that i realize it's not always going to get answered end of story.
  • #3,675
  • May 28, 2012 7:44am May 28, 2012 7:44am
Quoting bodine
read PDF, just wondering why demand failed tha's all.....so demanding PLEASE....i post something and if it gets answered or not i,m ok with that i realize it's not always going to get answered end of story.
We still can't see your chart, so no idea what level you're referring to, nor what MA's you have on..

Not all levels work.. if a higher level timeframe play (or just a news shock) picks up it will steam roll through the lower timeframe levels you have marked.
FXGears.com
  • #3,676
  • May 28, 2012 8:23am May 28, 2012 8:23am
Quoting Jack_Larkin
We still can't see your chart, so no idea what level you're referring to, nor what MA's you have on..

Not all levels work.. if a higher level timeframe play (or just a news shock) picks up it will steam roll through the lower timeframe levels you have marked.

not a big deal thanks anyway...seems like a pretty simple system,but my results have been poor,i get mixed up when looking at all the different time frames,and not seeing the big picture, that's always been my problem with all the systems i've used. Going to read PDF again today.
  • #3,677
  • Edited 8:52am May 28, 2012 8:37am | Edited 8:52am
Quoting bodine
not a big deal thanks anyway...seems like a pretty simple system,but my results have been poor,i get mixed up when looking at all the different time frames,and not seeing the big picture, that's always been my problem with all the systems i've used. Going to read PDF again today.
Focus on the "odds enhancers".. they help you take more worth while setups.
FXGears.com
  • #3,678
  • May 28, 2012 12:32pm May 28, 2012 12:32pm
Hi Ken,
Would you or anyone else please critic my levels.
I did take two trades last night.

The first trade I took at the first touch of the Swap level.
+26 pips on 3 units/ stopped for B/E on the last.

The second trade I entered as price was leaving the swap level.
Took 3 units off for +34 pips and the last unit is still open.
I am just going to trail my stop and let it run.

Thanks

P.S. - The Gap up I consider part of the move away from the level below, so not a demand level there.
Anyone else have thoughts on these gaps. I need to review Sam S write up on novice vs pro gaps.

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Attitude can reflect outcome in life and trading!
  • #3,679
  • May 28, 2012 5:39pm May 28, 2012 5:39pm
Quoting bodine
read PDF, just wondering why demand failed tha's all.....so demanding PLEASE....i post something and if it gets answered or not i,m ok with that i realize it's not always going to get answered end of story.
Bodine, the PDF is an interpretation of Sam Seidens stuff, i would suggest you go to the video, invest a weekend of watching them all and you get a better picture.

I now feel I get the system, but I am far from perfect. the main idea is get the way of thinking and try to make it your own, cause you can only truely believe yourself
<---Look Left
  • #3,680
  • May 28, 2012 8:56pm May 28, 2012 8:56pm
Hi Ken,
Update on the price gap.
Price did come down and bounce off the open level.
It has not filled the gap as it does in the stock market often.
How do you handle these areas? Where do you draw your lines?
I use InterbankFX and this happens most Sundays to some degree.

Thanks for any input.

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Attitude can reflect outcome in life and trading!
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