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B.S. Trading with Kenneth Lee

  • #4,661
  • Oct 18, 2012 5:25am Oct 18, 2012 5:25am
Quoting C-12
Still short the GBPUSD with a BE stop (yes I am holding a trade!) but taken this little counter trade on the EU.
All closed out now the other way.

Given up on holding trades...
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  • #4,662
  • Oct 18, 2012 6:47am Oct 18, 2012 6:47am
Guys, just so you can see the power of taking some quick pips and getting safe to BE fast.

Today has been quite a volatile day! My account is priced in £GBP.

I do admit I have massively overtraded.
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  • #4,663
  • Oct 18, 2012 9:46am Oct 18, 2012 9:46am
Quoting C-12
Guys, just so you can see the power of taking some quick pips and getting safe to BE fast.

Today has been quite a volatile day! My account is priced in £GBP.

I do admit I have massively overtraded.
No such thing as overtrading when you're making money Very nice payday, well done.
  • #4,664
  • Oct 18, 2012 12:39pm Oct 18, 2012 12:39pm
Quoting C-12
Guys, just so you can see the power of taking some quick pips and getting safe to BE fast.

Today has been quite a volatile day! My account is priced in £GBP.

I do admit I have massively overtraded.

Nicely done C-12, nicely done


TSD
  • #4,665
  • Oct 18, 2012 12:57pm Oct 18, 2012 12:57pm
Quoting TraderinSD
Nicely done C-12, nicely done


TSD
It got even better later. My all time record day.

I did start messing around with larger lots at the end, got a bit silly. Let's see if this can be maintained.
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  • #4,666
  • Oct 18, 2012 1:51pm Oct 18, 2012 1:51pm
Quoting C-12
It got even better later. My all time record day.

I did start messing around with larger lots at the end, got a bit silly. Let's see if this can be maintained.
Impressive. May I ask what broker you using? I see relatively low spread there.
  • #4,667
  • Oct 18, 2012 3:34pm Oct 18, 2012 3:34pm
Quoting FxLapozi
Impressive. May I ask what broker you using? I see relatively low spread there.
This is an Armada markets exchange GBP account. I've been impressed so far so good.
  • #4,668
  • Oct 18, 2012 4:46pm Oct 18, 2012 4:46pm
Quoting C-12
It got even better later. My all time record day.

I did start messing around with larger lots at the end, got a bit silly. Let's see if this can be maintained.

Very cool


Yes, multiple lots do make a difference. It is what I trade most of the time.. Throw a 2 lot in the mix

TSD
  • #4,669
  • Oct 18, 2012 6:09pm Oct 18, 2012 6:09pm
Great trading C-12!
PIP'N
  • #4,670
  • Oct 19, 2012 2:02am Oct 19, 2012 2:02am
Morning guys, Hope we're all ready for the London session.
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  • #4,671
  • Oct 19, 2012 2:44am Oct 19, 2012 2:44am
Here's an interesting level that can certainly work but I like to take my 6 pips and get to BE.

You have to be careful with these since price has been at this level quite a lot. Also the level was formed during the Asian session.

So I'm currently trying a new method of taking 70% of my positions off at 6 pips now and trying to hold the last 30% for as far as I can run it.
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  • #4,672
  • Oct 19, 2012 3:06am Oct 19, 2012 3:06am
I took the same trade C-12, bagged 8 pips on the Euro short from that level.

Watching the 1.3050 level now to see if we can catch a long from 5min chart.
PIP'N
  • #4,673
  • Oct 19, 2012 3:15am Oct 19, 2012 3:15am
Quoting golferguy99
I took the same trade C-12, bagged 8 pips on the Euro short from that level.

Watching the 1.3050 level now to see if we can catch a long from 5min chart.
Good stuff. That's how trading should be, no need for the stress of trying to hold onto a runner.

Just took real tight entry on the GBPUSD. Easiest 6 pips you'll ever see.
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  • #4,674
  • Oct 19, 2012 3:28am Oct 19, 2012 3:28am
Euro just hit the level I was looking for. Lets see what it does.

see chart
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PIP'N
  • #4,675
  • Oct 19, 2012 3:37am Oct 19, 2012 3:37am
Quoting golferguy99
Euro just hit the level I was looking for. Lets see what it does.

see chart
It could very well work out but I have 2 issues with this:

1) The high time frame suggest a possible deeper retrace into the lower M15 level.

2) A 1 minute X-Ray snapshot of the level you've shown is unclear. Looks more like a pivot.

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  • #4,676
  • Oct 19, 2012 4:56am Oct 19, 2012 4:56am
Quoting golferguy99
Euro just hit the level I was looking for. Lets see what it does.

see chart
Hey it did ok, You should have gotten your 6 pips+ from it.

I've got the other way now and looking for a lower level. Although this time of day is like watching paint dry!
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  • #4,677
  • Oct 19, 2012 5:14am Oct 19, 2012 5:14am
c-12 u should open ur own thread on how to trade like that on 1 minute chart , was tryin to trade ur style but am not good at it , i think this time frame doesnt fit my personality without ignoring am good @highter time frames
  • #4,678
  • Oct 19, 2012 5:16am Oct 19, 2012 5:16am
Right that's enough charts from me. I'm sure everyone knows what I do by now.
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  • #4,679
  • Oct 19, 2012 5:20am Oct 19, 2012 5:20am
Quoting extremerrage
c-12 u should open ur own thread on how to trade like that on 1 minute chart , was tryin to trade ur style but am not good at it , i think this time frame doesnt fit my personality without ignoring am good @highter time frames
Probably a good idea and I think Ken is probably ready to click the block user button on me!!

As for the trading personality, yes this is definitely not for everyone. I found my biggest weakness is holding trades. I simply cannot do what Ken does.

Maybe I'll open up a journal or a trade explorer thingy.
  • #4,680
  • Oct 19, 2012 6:20am Oct 19, 2012 6:20am
Ok I've set up a thread below for the 1 minute trading method. I've been messaged by a few people to set this up. I guess I really needed to stop cluttering up Ken's fine thread although I will be stopping by here regularly.

You can find the new thread below. Feel free to join in.

http://www.forexfactory.com/showthread.php?t=390673
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