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B.S. Trading with Kenneth Lee

  • #4,481
  • Oct 10, 2012 5:29am Oct 10, 2012 5:29am
Quoting C-12
Yep something to watch.

Now my daily target is 20 pips ($200) and I don't mind if I get there ugly by scrapping out pips. ~Although I prefer runners!

I really need to start being awake for the London open.
Damn i wanted to be in this long but got scared of that supply level just above, oh well I will jump in on pullback.
  • #4,482
  • Oct 10, 2012 5:31am Oct 10, 2012 5:31am
Quoting Peter_FX
Damn i wanted to be in this long but got scared of that supply level just above, oh well I will jump in on pullback.
No need to worry, just go to BE fast. At least you've got yourself a free ticket then.
  • #4,483
  • Oct 10, 2012 6:01am Oct 10, 2012 6:01am
Not much directional bias so now a seller.
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  • #4,484
  • Oct 10, 2012 6:39am Oct 10, 2012 6:39am
Quoting C-12
Just to time stamp these levels. This is UK time at the London open.

You can almost see the big money setting the range for the morning session.
Remember today's London open level?
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  • #4,485
  • Oct 10, 2012 7:21am Oct 10, 2012 7:21am
Quoting C-12
Not much directional bias so now a seller.
Thanks for your sharing.
Could you comment your previous long today?
As for short - I can see supply zone, but which signal was for long?
  • #4,486
  • Oct 10, 2012 7:27am Oct 10, 2012 7:27am
Quoting bisecom
Thanks for your sharing.
Could you comment your previous long today?
As for short - I can see supply zone, but which signal was for long?
Have a look on the chart and scroll left. It was an M1 level.

Well price broke out just before the US open with clear sky above. Took the first pullback.

Got slipped a little by the looks of it but it was a fast reaction.
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  • #4,487
  • Oct 10, 2012 7:40am Oct 10, 2012 7:40am
Aussie M15 level shown in blue.

As always, aggressive stop trailing looking to give nothing back.
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  • #4,488
  • Oct 10, 2012 7:41am Oct 10, 2012 7:41am
Quoting C-12
Have a look on the chart and scroll left. It was an M1 level.

Well price broke out just before the US open with clear sky above. Took the first pullback.

Got slipped a little by the looks of it but it was a fast reaction.
Hm...
It seems that now pound came to level of demand which was created by the long bull candle..
  • #4,489
  • Oct 10, 2012 7:46am Oct 10, 2012 7:46am
Quoting C-12
Aussie M15 level shown in blue.

As always, aggressive stop trailing looking to give nothing back.
And just about to close this out and call it a day.
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  • #4,490
  • Oct 10, 2012 7:53am Oct 10, 2012 7:53am
Quoting C-12
And just about to close this out and call it a day.
  • #4,491
  • Oct 10, 2012 8:05am Oct 10, 2012 8:05am
I do think this is wants to run to the upside. Well if not then I'll take my locked stop (2 pips) and run.
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  • #4,492
  • Oct 10, 2012 9:18am Oct 10, 2012 9:18am
chart .
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Good Trading To All ; Ken Lee
  • #4,493
  • Oct 10, 2012 9:33am Oct 10, 2012 9:33am
chart 1
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Good Trading To All ; Ken Lee
  • #4,494
  • Oct 10, 2012 9:46am Oct 10, 2012 9:46am
trade
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Good Trading To All ; Ken Lee
  • #4,495
  • Oct 10, 2012 9:50am Oct 10, 2012 9:50am
Quoting Kenneth Lee
trade
Hi Ken,

Nice short there. Can i make a guess on your target price?
Looking at your ~20pip stop, your target is at least at the swap level around 1.0215?
  • #4,496
  • Oct 10, 2012 10:02am Oct 10, 2012 10:02am
Quoting kenpachi82
Hi Ken,

Nice short there. Can i make a guess on your target price?
Looking at your ~20pip stop, your target is at least at the swap level around 1.0215?

Nope took 15 . stop is on chart but doesn't mean i will let it get hit
this is my 3rd trade on oz this am . also have taken a e/u and a a/j .
just snatch n grab in these market conditions. Plus oz is in a CURRENT uptrend on this 30 min chart
want to hold a running short but need to see a flip. the first short swing come in first. . I may have left a bunch on the table . But .... what can I say.
Good Trading To All ; Ken Lee
  • #4,497
  • Oct 10, 2012 10:10am Oct 10, 2012 10:10am
Quoting kenpachi82
Hi Ken,

Nice short there. Can i make a guess on your target price?
Looking at your ~20pip stop, your target is at least at the swap level around 1.0215?

To be honest I am not the best trade planner . I am a great trade enterer sure that isn't a word. So get in then look for my options. But my needs are few as far as pips per day. I am always working to make my trades longer . and in reality I have not that most would think so. This is why i don't post many trades . as we all have to find what works for us.

I see a lot are using 1 min to scalp. this is find . But others that may try and follow might find themselves in dire straights doing that. it is so easy to look for the next level and justify moving your stop just a bit more on a 1 min chart. It is very important to follow a plan trading that fashion. Then u could even say hay the 5 min has a level only another 10 away. and so forth.

So unless you keep your plan in the fore front. beware. Just as on my earlier post I saw the risk and went in with 1/2 position size . My risk is always in my mind . even if the charts don't show everything.

Looking at oz now i like my exit .bottom of the red candle
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Good Trading To All ; Ken Lee
  • #4,498
  • Oct 10, 2012 10:26am Oct 10, 2012 10:26am
Quoting Kenneth Lee
To be honest I am not the best trade planner . I am a great trade enterer sure that isn't a word. So get in then look for my options. But my needs are few as far as pips per day. I am always working to make my trades longer . and in reality I have not that most would think so. This is why i don't post many trades . as we all have to find what works for us.

I see a lot are using 1 min to scalp. this is find . But others that may try and follow might find themselves in dire straights doing that. it is so easy to look for the next level and justify...
thank you for the advice. I'm still trying to find the best method for myself. I'm still in this trade and typically i'm holding for 2:1 to 3:1 R/R. This hasn't been working well for me lately though..
I guess psychologically it is difficult for me to find a great level and risk 15-20pips just to make 10-20pips, as i haven't mastered S/D and not yet able to get >50% win rates yet.
Will continue to lurk in this thread and learn from the masters here!
  • #4,499
  • Oct 10, 2012 10:31am Oct 10, 2012 10:31am
Quoting kenpachi82
thank you for the advice. I'm still trying to find the best method for myself. I'm still in this trade and typically i'm holding for 2:1 to 3:1 R/R. This hasn't been working well for me lately though..
I guess psychologically it is difficult for me to find a great level and risk 15-20pips just to make 10-20pips, as i haven't mastered S/D and not yet able to get >50% win rates yet.
Will continue to lurk in this thread and learn from the masters here!

A lot of great Traders I know of . would not even consider my trade a entry . they might take a trade like this but if it doesn't break the first swing 1.0230 they would just let it get stopped out. But if your not allowing the winners to run for days . That style is also different.
That is really the way most should work towards . even the 1 minute guys . the cats meow would be to get in using a 5 pip stop and close with hundreds of pips a week later. but how can you plan that ???

Just let the market give you what it will. Plus even if you take profits quick doesn't mean u can't get back in. if you can pull that off your trading for free the best of all.
Good Trading To All ; Ken Lee
  • #4,500
  • Oct 10, 2012 10:32am Oct 10, 2012 10:32am
if you can pull 60 pips out of a 20 pip range over a few hours . who can say you ain't doing right. The rule remains the same . win more than you lose. that is all . no matter how you can mange it.

Plus fit your life into it all.
Good Trading To All ; Ken Lee
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