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B.S. Trading with Kenneth Lee

  • #3,701
  • Jun 4, 2012 10:38am Jun 4, 2012 10:38am
Going to have to return my new PC , might be offline for a while . Trade well, Cheers Ken
Good Trading To All ; Ken Lee
  • #3,702
  • Jun 4, 2012 7:43pm Jun 4, 2012 7:43pm
Hi there,

It is possible to use trendlines, S/D zones, Fibo, Andrews Pitchfork and Volume to "catch the knife" Once you see these guys together- use the Money Management, it is very good time for the "catch"!
You can find it in rocky thread.

Good trading to everybody!
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  • #3,703
  • Jun 5, 2012 4:20pm Jun 5, 2012 4:20pm
My chart
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  • #3,704
  • Jun 5, 2012 10:39pm Jun 5, 2012 10:39pm
All newbies like me,
Sam has put up a new vid this week, won't put the link here cause don't want to risk an infraction, and besides you all know where there are, if not ask ask Larry and Sergey!.

it looks like he is opening up a bit more, I think OTA now of the view that they can share more but vast majority of traders won't follow, all cool with those of us learning as much as we can for free!
<---Look Left
  • #3,705
  • Jun 12, 2012 5:17pm Jun 12, 2012 5:17pm
Computer , now on the way back. Maybe be back online next week.

Trade well , Ken
Good Trading To All ; Ken Lee
  • #3,706
  • Jun 13, 2012 8:10am Jun 13, 2012 8:10am
The problem, that sometimes affects my(mb somebody's too) trading, is the definition of the levels, that are the SD zones and not the pivots (As Sam Seiden says, pivots are not the real SD zones). What is the difference between the pivot and the SD zone? Why the pivot almost never becomes a quality level, though it is the origin of a strong move?
It'll be better for everyone, if the explanation will be with the charts. Thank you!
  • #3,707
  • Jun 13, 2012 9:04am Jun 13, 2012 9:04am
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Quoting romant
The problem, that sometimes affects my(mb somebody's too) trading, is the definition of the levels, that are the SD zones and not the pivots (As Sam Seiden says, pivots are not the real SD zones). What is the difference between the pivot and the SD zone? Why the pivot almost never becomes a quality level, though it is the origin of a strong move?
It'll be better for everyone, if the explanation will be with the charts. Thank you!

I believe what he has taught is that pivots are not "Fresh" zones. The only exception I can think of for this is when something makes a new all time high or low. So A pivot high or low are simply a test into old supply or demand. Just because it is a pivot does not mean it will not work it just means that it is not fresh.
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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #3,708
  • Jun 13, 2012 9:26am Jun 13, 2012 9:26am
Quoting Rufus
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I believe what he has taught is that pivots are not "Fresh" zones. The only exception I can think of for this is when something makes a new all time high or low. So A pivot high or low are simply a test into old supply or demand. Just because it is a pivot does not mean it will not work it just means that it is not fresh.
In addition, the thing, I've mentioned while defining the levels, that the real quality levels are not so flaring as the pivots, the real zones are placed "in the move" of the price. Like this on the 1H ES Chart.
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  • #3,709
  • Jun 13, 2012 11:17am Jun 13, 2012 11:17am
just passing by
redsword11, IfMyante, KennyZ, bumapatria, JohnPaul77 made my trading style.
  • #3,710
  • Jun 13, 2012 1:59pm Jun 13, 2012 1:59pm
another great supply and demand thread..great work Kenneth...loved your PDF
Sniffing Snake's Tracks...
  • #3,711
  • Jun 14, 2012 2:53am Jun 14, 2012 2:53am
Quoting Rufus
Attachment


I believe what he has taught is that pivots are not "Fresh" zones. The only exception I can think of for this is when something makes a new all time high or low. So A pivot high or low are simply a test into old supply or demand. Just because it is a pivot does not mean it will not work it just means that it is not fresh.
Yes I agree with this. Pivots are the levels that have already consumed demand or supply from a fresh SD level. You often get the stair stepping price action off of pivots as price pulls back and reverses with the trend at these levels. Obviously for seiden these are lower probability than Fresh SD Levels but does not mean pivots will not work out, and can be used to add to a move from an entry at fresh SD levels. You could even use some odds enhancers such as the strength of a move out of a previous pivot to determine its potential reliability. But I would always use confirmation on a lower time frame to take these trades such as trend line break on M1 or a QM.
  • #3,712
  • Jun 14, 2012 9:39am Jun 14, 2012 9:39am
Hi everyone !!

Lately ive been missing some nice moves and wanted to know your opinion in this..

Whenever i see two R-B-R levels I tend to make them as one level (level on top of levels) and in order to reduce the risk i reduce the levels.. always the first one.

Here you have attached two examples, one shows the two levels I was looking at and on the second the whole one level.

Why did I choose that buy price ? I heard sam saying that he didn't like when the candle breaking the level went deep into the level, so for me that zone was the "buying" area.

When he talked about levels on top of levels he also said that it depends on the way the candle broke the level.. strong big candle (as in this example) or gradually.

Would like to know what you guys think about the level on top of levels thing and when we should or shouldn't merge two levels into one.

I merged them and missed the move

Thanks !
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Trade Smart
  • #3,713
  • Jun 15, 2012 12:21pm Jun 15, 2012 12:21pm
PC back.. Weekend full of downloading and so much more fun ..
Good Trading To All ; Ken Lee
  • #3,714
  • Jun 16, 2012 10:29am Jun 16, 2012 10:29am
Ken...I just quantified a supply zone in eur/usd on 15th June 2012.

I saw the supply zone has low odds for short entry because of gradual revisit in an uptrend movement.


What do you think? Did I quantify it correctly? Thanks
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  • #3,715
  • Jun 17, 2012 5:39am Jun 17, 2012 5:39am
Chart

Plus you will notice i redrew the levels. Just to drive home we don't look to far to the left , once price passes a level and swaps. we look for the new level within last swing.
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Good Trading To All ; Ken Lee
  • #3,716
  • Jun 17, 2012 6:41pm Jun 17, 2012 6:41pm
Any thoughts, or critiques on this pair. Looks like a good profit margin, just not sure about entry. The usd index also looks like it is heading towards a demand level.
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Shapeshift greed and catch em' off guard
  • #3,717
  • Jun 18, 2012 5:16am Jun 18, 2012 5:16am
Thanks a lot Ken...I still need lot to learn for drawing levels.

So we need to wait for swap level occurred then enter in the first retrace to that level.

Do you mean fresh level often mentioned by Sam Seiden is just the swap level basically ?
  • #3,718
  • Jun 19, 2012 12:14pm Jun 19, 2012 12:14pm
One question about moving the stop-loss orders. Sam almost never talks about it, there was only 1 article a year or so ago. Do you trail the stop-loss order to break-even when it goes your way? Or even move it along the price moves?
  • #3,719
  • Jun 20, 2012 9:33pm Jun 20, 2012 9:33pm
Quoting romant
One question about moving the stop-loss orders. Sam almost never talks about it, there was only 1 article a year or so ago. Do you trail the stop-loss order to break-even when it goes your way? Or even move it along the price moves?

The current Price action doesn't lend itself to produce a chart of decent quality describing this. but basically once you entered your trade on whatever time chart you trade. your thought is for price to make new highs or lows. continuing in the direction of your trade. So as each swing is passed in your direction at least one . You would move your stop to the point where it would go if you entered the trade at that point.
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Good Trading To All ; Ken Lee
  • #3,720
  • Jun 20, 2012 10:18pm Jun 20, 2012 10:18pm
In a good trending market this will allow for some great gains. Allowing your stop to be your TP. and if you look at oz when it finally posted some new highs then came back the lost gains should have been minor against the gains locked in.

Those trading 4 hr and daily would see much greater swings in gains trading this way , But I have seen some do it and make gains over many days and even weeks. But have hundreds of pips in swing.

But like i said in the above post once your need is less you may find yourselves doing the same. as One great homer can beat a bunch of mediocre trades most any day.
Good Trading To All ; Ken Lee
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