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B.S. Trading with Kenneth Lee

  • #4,121
  • Sep 19, 2012 5:00pm Sep 19, 2012 5:00pm
Quoting Kenneth Lee
yep nice eye..
I actually drilled this one down to the the M5 and marked off my 1st target and then moved my other stops to entry.

I could see the USD showing a lot of weakness against the other pairs so should have closed the whole position down.

Still, I'm happy with my trade management overall. I probably would have taken a full loss on that trade previously.
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  • #4,122
  • Sep 19, 2012 8:59pm Sep 19, 2012 8:59pm
Attached Image (click to enlarge)
Click to Enlarge Name: AUD 9.18 Short 5M #1.JPG Size: 83 KB


Took a 2 lot short on the AUD. Trading into/just above the lower Demand level on a 5M chart. There is a 60M demand level @ 0436 which should help this move short. Will see? Will probably get a stall around the 0460 level, then again around the 0455. Then onto target @ 0450.

TSD
  • #4,123
  • Sep 19, 2012 9:03pm Sep 19, 2012 9:03pm
Attached Image (click to enlarge)
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Nice drop to our first stall / minor demand area..Bounce was hard long as we speak.. not the best sign..But will hang


TSD
  • #4,124
  • Edited 9:51pm Sep 19, 2012 9:13pm | Edited 9:51pm
Attached Image (click to enlarge)
Click to Enlarge Name: AUD 9.18 Short 5M #3.JPG Size: 86 KB


Moved through our first stall with very little trouble.. bouncing at our second stall point..Moved stop too just under break even..If things to backed up will take something off the table.. Not a loser for sure.

TSD
  • #4,125
  • Sep 19, 2012 9:20pm Sep 19, 2012 9:20pm
Attached Image (click to enlarge)
Click to Enlarge Name: AUD 9.18 Short 5M #4.JPG Size: 88 KB


Moved stop down to 3 pip below entry.. More of a disaster stop than anything else.. just a wait

TSD
  • #4,126
  • Sep 19, 2012 9:46pm Sep 19, 2012 9:46pm
Attached Image (click to enlarge)
Click to Enlarge Name: AUD 9.18 Short 5M #5.JPG Size: 75 KB



Would like to say I'm still in but the last spurt up decided to take my leave .. Exited 2 lots for about 14 pips total.. As we see price turned right around and headed south into original target...

TSD
  • #4,127
  • Sep 20, 2012 1:03am Sep 20, 2012 1:03am
Attached Image (click to enlarge)
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4Hr TF view

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1HR TF view

TSD
  • #4,128
  • Sep 20, 2012 1:03am Sep 20, 2012 1:03am
Quoting TraderinSD
Attachment Would like to say I'm still in but the last spurt up decided to take my leave .. Exited 2 lots for about 14 pips total.. As we see price turned right around and headed south into original target...

TSD
Nicely done.

I used to hate leaving trades open overnight but if I can take profits and get my stop to BE I can sleep easy.

This has been a pretty good week.
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  • #4,129
  • Sep 20, 2012 1:06am Sep 20, 2012 1:06am
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15M TF w/ swap level

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15M TF w/ target

TSD
  • #4,130
  • Sep 20, 2012 1:16am Sep 20, 2012 1:16am
Attached Image (click to enlarge)
Click to Enlarge Name: AUD Short 9.18 #5 Swap 15M.JPG Size: 90 KB


Moving to target

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Exited early as getting tired. I tend to make mistakes.

Closed 2 lots total of 67 pips.. 1.6: 1 RR

Good trading to all....

Thanks KL for all that you do

TSD
  • #4,131
  • Sep 20, 2012 1:21am Sep 20, 2012 1:21am
Quoting C-12
Nicely done.

I used to hate leaving trades open overnight but if I can take profits and get my stop to BE I can sleep easy.

This has been a pretty good week.
Thanks C-12... It has been a good week...I do some set and forget trades as well

Good Trading

TSD
  • #4,132
  • Sep 20, 2012 3:53am Sep 20, 2012 3:53am
Hi Guys
Question can someone please post a AU30m chart so that I can see if I see the same levels. If I stare long enough everything looks like a S/D level
I have a couple of questions with regards to the larged circled area what/where would you place the S/D levels
Attached Image (click to enlarge)
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BE THE BEST YOU CAN BE AND BE IT TODAY
  • #4,133
  • Sep 20, 2012 4:02am Sep 20, 2012 4:02am
Quoting Jns
Hi Guys
Question can someone please post a AU30m chart so that I can see if I see the same levels. If I stare long enough everything looks like a S/D level
I have a couple of questions with regards to the larged circled area what/where would you place the S/D levels
I agree it's not very clear. I've gone down a level to the M15 and you can see the swap where the demand failed and a supply level formed which then forced price lower.

*Update*

Also added the M5 chart. We can see the level price has bounced off now and the upper swap level.
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  • #4,134
  • Sep 20, 2012 4:09am Sep 20, 2012 4:09am
Quoting C-12
I agree it's not very clear. I've gone down a level to the M15 and you can see the swap where the demand failed and a supply level formed which then forced price lower.
Thanks C-12 I'm vary of the 15m I tend to get stuck in one TF
BE THE BEST YOU CAN BE AND BE IT TODAY
  • #4,135
  • Sep 20, 2012 4:12am Sep 20, 2012 4:12am
Quoting Jns
Thanks C-12 I'm vary of the 15m I tend to get stuck in one TF
Use the 30 but if you know there's a swap level hiding then it's worth dropping down. I know Ken can spot these without needing to.

I just took 15 pips out of the gbpusd in the last few minutes. Never imagined myself being a scalper.
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  • #4,136
  • Sep 20, 2012 8:11am Sep 20, 2012 8:11am
Quoting Jns
Hi Guys
Question can someone please post a AU30m chart so that I can see if I see the same levels. If I stare long enough everything looks like a S/D level
I have a couple of questions with regards to the larged circled area what/where would you place the S/D levels
I think this pretty much the same as C already told you, but here is the chart.
Attached Image (click to enlarge)
Click to Enlarge Name: audusd 2012-09-20.gif Size: 66 KB
  • #4,137
  • Sep 20, 2012 8:44am Sep 20, 2012 8:44am
Bit of a smash and grab on the 5 minute GBPUSD. I marked off the level and just came back to the charts and saw an agressive rejection. Ugly work but I'll take my 10 pips and run.

Stop now at BE.
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  • #4,138
  • Sep 20, 2012 8:44am Sep 20, 2012 8:44am
Quoting C-12
Use the 30 but if you know there's a swap level hiding then it's worth dropping down. I know Ken can spot these without needing to.

I just took 15 pips out of the gbpusd in the last few minutes. Never imagined myself being a scalper.
I have still difficulties to be one. I like to keep my trades running. Last night my AudUsd long trade got into BE. No problem. Now I'm shorting. Would like to see 1.0378 broken.

I thought that I never will find clarity in smaller TF, but there are times when I'm not totally lost .
  • #4,139
  • Sep 20, 2012 8:50am Sep 20, 2012 8:50am
Quoting rami_8
I have still difficulties to be one. I like to keep my trades running. Last night my AudUsd long trade got into BE. No problem. Now I'm shorting. Would like to see 1.0378 broken.

I thought that I never will find clarity in smaller TF, but there are times when I'm not totally lost .
Holding makes me nervous these days. Since I've increased my position size it feels like every pip counts and I'll take whatever I can.

The bonus comes when you leave some on the table for a runner at BE.
  • #4,140
  • Sep 20, 2012 9:35am Sep 20, 2012 9:35am
Risky business... I see that level has been visited 3 times before... I would like to see how that policy works long term.

Quoting C-12
Bit of a smash and grab on the 5 minute GBPUSD. I marked off the level and just came back to the charts and saw an agressive rejection. Ugly work but I'll take my 10 pips and run.

Stop now at BE.
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