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B.S. Trading with Kenneth Lee

  • #4,561
  • Oct 12, 2012 2:19am Oct 12, 2012 2:19am
2nd trade of the day, back in the GU on a lower demand level. Off to a flying start.
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  • #4,562
  • Oct 12, 2012 2:22am Oct 12, 2012 2:22am
Hi everyone,

The early bird catches the worm:

Two trades in GBPUSD this morning. Fairly easy stuff, clear 5-min/1-min levels.

20 pips each, for a total of 40pips.
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  • #4,563
  • Oct 12, 2012 2:23am Oct 12, 2012 2:23am
Quoting C-12
2nd trade of the day, back in the GU on a lower demand level. Off to a flying start.

C-12, is it champage for breakfast again? lol
  • #4,564
  • Oct 12, 2012 2:34am Oct 12, 2012 2:34am
Quoting EuroPipper
C-12, is it champage for breakfast again? lol
I love days like this.
  • #4,565
  • Oct 12, 2012 2:45am Oct 12, 2012 2:45am
Hi again everyone,

Entered Short EURUSD off the 15-min chart. Tight risk.

Comments welcome!
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  • #4,566
  • Oct 12, 2012 2:50am Oct 12, 2012 2:50am
Quoting EuroPipper
Hi again everyone,

Entered Short EURUSD off the 15-min chart. Tight risk.

Comments welcome!
On this as well.

Giving this slightly more space than normal as this is a higher TF level. If this gets stopped out then will take the upper level just above.

I've noticed this happens a lot where price rockets and then stalls for ages at a supply level.
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  • #4,567
  • Oct 12, 2012 3:01am Oct 12, 2012 3:01am
Yes, I got stopped out, so am aiming to short at 1.3000. Is that what you're looking at, C-12 ?
  • #4,568
  • Oct 12, 2012 3:05am Oct 12, 2012 3:05am
Quoting EuroPipper
Yes, I got stopped out, so am aiming to short at 1.3000. Is that what you're looking at, C-12 ?
We shouldn't get that high if the level holds.

I'm taking the drawdown on the chin for now and moved stops to the top of the H4 level.

Not much fun sitting and waiting for it to play out but then again bigger levels are not really my thing, I'm impatient.

Times like this are ugly for scalpers but these ones can run and run when they get moving.
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  • #4,569
  • Oct 12, 2012 3:13am Oct 12, 2012 3:13am
Same here. Yes, we need patience for this one.
  • #4,570
  • Oct 12, 2012 3:19am Oct 12, 2012 3:19am
Quoting C-12
We shouldn't get that high if the level holds.

I'm taking the drawdown on the chin for now and moved stops to the top of the H4 level.

Not much fun sitting and waiting for it to play out but then again bigger levels are not really my thing, I'm impatient.

Times like this are ugly for scalpers but these ones can run and run when they get moving.

C-12, what's your target on this one?
  • #4,571
  • Oct 12, 2012 3:24am Oct 12, 2012 3:24am
Quoting EuroPipper
C-12, what's your target on this one?
This should be good for 40 pips but I look at the daily chart and it appears quite bullish. I'm not the best at predictions.

I just trade the levels and try and trail out the most I can from them. I'm not good at holding trades.
  • #4,572
  • Oct 12, 2012 3:26am Oct 12, 2012 3:26am
Quoting C-12
This should be good for 40 pips but I look at the daily chart and it appears quite bullish. I'm not the best at predictions.

I just trade the levels and try and trail out the most I can from them. I'm not good at holding trades.
Agreed, it's the short-term demand level on the 5-min (the bottom of the burst upwards on the 1-hour chart)
  • #4,573
  • Oct 12, 2012 5:35am Oct 12, 2012 5:35am
Quoting EuroPipper
Agreed, it's the short-term demand level on the 5-min (the bottom of the burst upwards on the 1-hour chart)
I took my 6 pips on all my positions and got stopped out for BE on the rest. Took a lot of heat initially. I got too greedy and was hoping they would all run for 40 and make me rich, lol.

Lesson learned.

Anyway.. Time to get back to what I do best
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  • #4,574
  • Oct 12, 2012 6:29am Oct 12, 2012 6:29am
Quoting C-12
I took my 6 pips on all my positions and got stopped out for BE on the rest. Took a lot of heat initially. I got too greedy and was hoping they would all run for 40 and make me rich, lol.

Lesson learned.

Anyway.. Time to get back to what I do best
Excellent, you managed it well. I got out at BE on the second try, too bad for my stop on the first one.

Seems like the sweet spot is UK opening time. C-12, what time do you start analysis/trading in the morning?
  • #4,575
  • Oct 12, 2012 6:52am Oct 12, 2012 6:52am
Well today has been a battle of wits. I've taken 6 pips off both of these levels and got to BE twice.

I wouldn't be comfortable with anything else right now.

Also a first S&D trade at the USDJPY... Now at BE.
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  • #4,576
  • Oct 12, 2012 6:56am Oct 12, 2012 6:56am
took this one for today and wantin more
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  • #4,577
  • Oct 12, 2012 8:14am Oct 12, 2012 8:14am
Alright guys. Calling it a day now. Locked in a load of pips and at BE and will see what happens.

I just knew that EURUSD H4 supply level had sting in it's tail for this afternoon.

Have a great weekend,.
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  • #4,578
  • Oct 12, 2012 9:09am Oct 12, 2012 9:09am
Well I trailed them all out nicely and just saw this arrival while getting ready to go out.

Absolutely text book this one.
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  • #4,579
  • Oct 12, 2012 9:10am Oct 12, 2012 9:10am
Quoting C-12
Well I trailed them all out nicely and just saw this arrival while getting ready to go out.

Absolutely text book this one.

Wasn't at my screen. Textbook beautiful :-))
  • #4,580
  • Oct 12, 2012 10:26am Oct 12, 2012 10:26am
missed this trade today, textbook setup with beautiful divergence

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