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B.S. Trading with Kenneth Lee

  • #4,141
  • Sep 20, 2012 9:54am Sep 20, 2012 9:54am
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.

Sometimes that all there is .. Good stuff C-12

TSD
  • #4,142
  • Sep 20, 2012 9:55am Sep 20, 2012 9:55am
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.

Sweet..Overtime they add up

Very nice

TSD
  • #4,143
  • Sep 20, 2012 12:40pm Sep 20, 2012 12:40pm
a bit of after analysis on the oz trade last night it was the clearest, though e/u was also almost the same.
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Good Trading To All ; Ken Lee
  • #4,144
  • Sep 20, 2012 1:19pm Sep 20, 2012 1:19pm
Quoting C-12
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.
Yes I know what you mean. I have to test different ideas and see what's the best for me.
That is definitely one way to increase risk, but to do that I need more evidence that I'm good at picking levels.
Good to have something to improve .
  • #4,145
  • Sep 20, 2012 11:13pm Sep 20, 2012 11:13pm
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Took this short on the 15M TF trading into a 60M Supply level. Looking for a 2:1 RR at the first Demand Level. There is another 15M Demand level well below but that may be a little far given the time of day

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Here is the 60M chart. I chose this level as I liked the move away (short) from this 60M Supply level so when price returned I got short.

It's a slow grind..Will see?

TSD
  • #4,146
  • Sep 20, 2012 11:36pm Sep 20, 2012 11:36pm
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Exited with a loss...On to the next one



TSD
  • #4,147
  • Sep 21, 2012 12:12am Sep 21, 2012 12:12am
I attended Sam Seiden's webinar yesterday which was awesome. So much clearer than on the recordings. When he arrived at the session he talked briefly about trade management but that never showed up on the recording.

Also a good few of the trades he picked out on the GBP and AUD have failed pretty bad already.
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  • #4,148
  • Sep 21, 2012 1:05am Sep 21, 2012 1:05am
Quoting TraderinSD
Attachment

Took this short on the 15M TF trading into a 60M Supply level. Looking for a 2:1 RR at the first Demand Level. There is another 15M Demand level well below but that may be a little far given the time of day

TSD
Hi
I think this was the same area that I showed to Jns. And there was already one test of the level. It did give tiny bounce, but to me this pair is more up now than down. Just watching to see where to participate....

I didn't get yesterday break of the 1.0379 on audusd and had to leave pc, so I was stopped at BE. Second one this week... I think I should take some profits at first target and then leave the trade run.
  • #4,149
  • Sep 21, 2012 1:09am Sep 21, 2012 1:09am
Quoting C-12
I attended Sam Seiden's webinar yesterday which was awesome. So much clearer than on the recordings. When he arrived at the session he talked briefly about trade management but that never showed up on the recording.

Also a good few of the trades he picked out on the GBP and AUD have failed pretty bad already.
What did he say about the trade management? I'm all ears.
  • #4,150
  • Sep 21, 2012 1:52am Sep 21, 2012 1:52am
Quoting rami_8
I think this pretty much the same as C already told you, but here is the chart.
Thanks Rami_8
BE THE BEST YOU CAN BE AND BE IT TODAY
  • #4,151
  • Edited 1:56am Sep 21, 2012 1:55am | Edited 1:56am
Quoting rami_8
Hi
this pair is more up now than down. Just watching to see where to participate....
These are my levels to watch. Notice the parallel channel lines and beautiful jumps to one another .

....And if the last arrow is broken I switch to selling mode
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  • #4,152
  • Sep 21, 2012 2:06am Sep 21, 2012 2:06am
Quoting rami_8
What did he say about the trade management? I'm all ears.
In response to my question he basically said we absolutely need to be taking profits at 1:1. Then he said it was something he wanted to talk about in the session but he never got to it.

I asked him again later but not really sure he saw the question.
  • #4,153
  • Sep 21, 2012 2:33am Sep 21, 2012 2:33am
Quoting C-12
In response to my question he basically said we absolutely need to be taking profits at 1:1. Then he said it was something he wanted to talk about in the session but he never got to it.

I asked him again later but not really sure he saw the question.
Thanks. I will remember that, when I explore my trade management ideas.

That's the same thing you already said - not with those words, but the idea. So you are almost as good as Sam, or even better .

Seriously - It's great to hear it also from very experienced trader that your idea is correct.

I have to do some work to really act according to that - I hope sooner than later.
  • #4,154
  • Sep 21, 2012 2:44am Sep 21, 2012 2:44am
Quoting rami_8
Thanks. I will remember that, when I explore my trade management ideas.

That's the same thing you already said - not with those words, but the idea. So you are almost as good as Sam, or even better .

Seriously - It's great to hear it also from very experienced trader that your idea is correct.

I have to do some work to really act according to that - I hope sooner than later.
No I got the idea from him before. I saw an XLT video where he was talking about it and also saw the trade management section of one of his pro picks screenshots.
  • #4,155
  • Sep 21, 2012 2:52am Sep 21, 2012 2:52am
Well the London session has opened so I'm now marking off my levels as they form on the M5 and awaiting price to return to them. Let's see what happens.
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  • #4,156
  • Sep 21, 2012 6:57am Sep 21, 2012 6:57am
Quoting C-12
Well the London session has opened so I'm now marking off my levels as they form on the M5 and awaiting price to return to them. Let's see what happens.
The top level failed but the bottom just grabbed 13 pips, now all out. Also caught a nice short off the 1 hour level on the EU earlier and but didn't hold it.
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  • #4,157
  • Sep 21, 2012 8:10am Sep 21, 2012 8:10am
Quoting C-12
The top level failed but the bottom just grabbed 13 pips, now all out. Also caught a nice short off the 1 hour level on the EU earlier and but didn't hold it.


Just wondered why you closed out so early?
The first obvious target gave 2:, the second over 4:1.

Cheers
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  • #4,158
  • Sep 21, 2012 8:20am Sep 21, 2012 8:20am
Quoting jazzman


Just wondered why you closed out so early?
The first obvious target gave 2:, the second over 4:1.

Cheers
Yeah.

I need to get back to demo or get my position size back down. I knew these were great levels but just got twitchy.

I didn't follow my gameplan which is take 1:1 and move to breakeven. One aspect of this business I need to get a serious handle on.
  • #4,159
  • Sep 21, 2012 8:33am Sep 21, 2012 8:33am
Although overall it's been a good week. Done a few stupid things but I'm learning. Anyway, just caught this in gold. Took one position off and now at BE.
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  • #4,160
  • Sep 21, 2012 8:38am Sep 21, 2012 8:38am
Quoting C-12
Yeah.
Quoting C-12

I need to get back to demo or get my position size back down. I knew these were great levels but just got twitchy.

I didn't follow my gameplan which is take 1:1 and move to breakeven. One aspect of this business I need to get a serious handle on.
Ok mate, no probs. As you say, scale back your position size if it's affecting your trade management. Still, a profit is a profit.
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