B.S. Trading with Kenneth Lee | Page 197 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Day Trading vs. Swing Trading vs. Position Trading 86 replies

Attachments: B.S. Trading with Kenneth Lee
Exit Attachments

B.S. Trading with Kenneth Lee

  • #3,921
  • Aug 13, 2012 8:40am Aug 13, 2012 8:40am
I think this is a swap point on GBPUSD.
It is going to go to a higher demand lv.
By God's Grace!
  • #3,922
  • Aug 13, 2012 8:58am Aug 13, 2012 8:58am
Quoting chye
gbpusd 4h
It looks to me like a second retouch of a previous supply area. Also, it is against the main trend, which is long
  • #3,923
  • Aug 13, 2012 9:16am Aug 13, 2012 9:16am
eurusd 1h
Attached Image (click to enlarge)
Click to Enlarge Name: 3.jpg Size: 93 KB
  • #3,924
  • Aug 13, 2012 9:22am Aug 13, 2012 9:22am
Quoting bali2002
It looks to me like a second retouch of a previous supply area. Also, it is against the main trend, which is long
I quite like the level. It's just above the 1.5700 round number. Retail love to fade the 00's and put their stops just above.

Big money can get get their shorts filled inside this supply level. Just another added confluence.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.jpg Size: 185 KB
  • #3,925
  • Aug 13, 2012 9:26am Aug 13, 2012 9:26am
Quoting C-12
I quite like the level. It's just above the 1.5700 round number. Retail love to fade the 00's and put their stops just above.

Big money can get get their shorts filled inside this supply level. Just another added confluence.
i quite agree with u,C-12
that is a perfect supply lv.
  • #3,926
  • Aug 13, 2012 9:31am Aug 13, 2012 9:31am
i have a question
how do we deal with the gap?
they always exist at the beginning of a week.
Attached Image (click to enlarge)
Click to Enlarge Name: 4.jpg Size: 117 KB
  • #3,927
  • Aug 13, 2012 10:00am Aug 13, 2012 10:00am
Aussie finally rolling over.

I noticed Sam Seiden had the H4 level on his recent FXstreet webinar.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD.jpg Size: 362 KB
  • #3,928
  • Aug 13, 2012 10:04am Aug 13, 2012 10:04am
?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 51.jpg Size: 145 KB
Click to Enlarge Name: 52.jpg Size: 208 KB
Good Trading To All ; Ken Lee
  • #3,929
  • Aug 13, 2012 10:12am Aug 13, 2012 10:12am
target for next trade .
Attached Image (click to enlarge)
Click to Enlarge Name: 54.jpg Size: 184 KB
Good Trading To All ; Ken Lee
  • #3,930
  • Aug 13, 2012 10:23am Aug 13, 2012 10:23am
Quoting Kenneth Lee
?
thank you for your reply,Ken
English is not my native language,so sorry for my poor English
Have a nice day!
  • #3,931
  • Aug 13, 2012 10:23am Aug 13, 2012 10:23am
I know some are saying they don't like swap level but looky here .....
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 55.jpg Size: 190 KB
Click to Enlarge Name: 56.jpg Size: 192 KB
Good Trading To All ; Ken Lee
  • #3,932
  • Aug 13, 2012 10:30am Aug 13, 2012 10:30am
over time you learn to combine candles on your preferred time frame chart and have a good idea what the chart would look like on a longer one.

Like I know the 2- 30 min candles formed that pin on the 1 hr. and my vertical lines on the 30 min are 4 hrs apart so you look at the open, high, low, and close , and you can see the 4hr on the 30 min as well.

You should strive to do these things as it will make price action so much easier to see. It will come with time but just as any endeavor, those that practice will learn faster and be better than those that just sit idyll by waiting for knowledge to come to them.


Cheers Ken
Good Trading To All ; Ken Lee
  • #3,933
  • Aug 13, 2012 10:48am Aug 13, 2012 10:48am
Quoting Kenneth Lee
over time you learn to combine candles on your preferred time frame chart and have a good idea what the chart would look like on a longer one.

Like I know the 2- 30 min candles formed that pin on the 1 hr. and my vertical lines on the 30 min are 4 hrs apart so you look at the open, high, low, and close , and you can see the 4hr on the 30 min as well.

You should strive to do these things as it will make price action so much easier to see. It will come with time but just as any endeavor, those that practice will learn faster and be better than...
i appreciate your patience and efforts, Ken
i'll practice more.
  • #3,934
  • Aug 13, 2012 11:41am Aug 13, 2012 11:41am
Quoting chye
i appreciate your patience and efforts, Ken
i'll practice more.
It wasn't aimed at you , just a general thought. i tend to ramble at times ..
Good Trading To All ; Ken Lee
  • #3,935
  • Aug 13, 2012 12:14pm Aug 13, 2012 12:14pm
Quoting Kenneth Lee
over time you learn to combine candles on your preferred time frame chart and have a good idea what the chart would look like on a longer one.

Like I know the 2- 30 min candles formed that pin on the 1 hr. and my vertical lines on the 30 min are 4 hrs apart so you look at the open, high, low, and close , and you can see the 4hr on the 30 min as well.

You should strive to do these things as it will make price action so much easier to see. It will come with time but just as any endeavor, those that practice will learn faster and be better than...
Back in the day all the guys got was the open. close high and low data . and had to draw their on charts or trade from the price

imagine that if you will.
Good Trading To All ; Ken Lee
  • #3,936
  • Aug 13, 2012 1:23pm Aug 13, 2012 1:23pm
Quoting Kenneth Lee
Back in the day all the guys got was the open. close high and low data . and had to draw their on charts or trade from the price

imagine that if you will.
They where hard core
But maybe it helped them not to trade to cluttered
By God's Grace!
  • #3,937
  • Aug 13, 2012 9:03pm Aug 13, 2012 9:03pm
Quoting Kenneth Lee
I know some are saying they don't like swap level but looky here .....

Darn it didn't wait on me .. maybe a retest
Good Trading To All ; Ken Lee
  • #3,938
  • Aug 13, 2012 9:21pm Aug 13, 2012 9:21pm
chart
Attached Image (click to enlarge)
Click to Enlarge Name: 57.jpg Size: 196 KB
Good Trading To All ; Ken Lee
  • #3,939
  • Aug 13, 2012 10:29pm Aug 13, 2012 10:29pm
Quoting Kenneth Lee
Back in the day all the guys got was the open. close high and low data . and had to draw their on charts or trade from the price

imagine that if you will.
My grandfather made a small fortune with less then this. I remember him making decisions on buy, hold, and sell from a chart the size of a credit card. I believe these were from the S&P booklet that came out I think once a month or quarter. I would love to find one for reminding me of days long ago learning from him.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #3,940
  • Aug 14, 2012 7:57am Aug 14, 2012 7:57am
closed a quick scalp on oz and a/j
closed because I entered wrong .
In was putting my new desk chair together and noticed the 30 min supply off last nights move

but didn't see the news release coming out
so was underwater a bit

closed with 20
made up for that missed trade last night

also short a/j but high risk
daily level
Attached Image (click to enlarge)
Click to Enlarge Name: 58.jpg Size: 209 KB
Good Trading To All ; Ken Lee
0 traders viewing now