B.S. Trading with Kenneth Lee

I would never block anyone trying to truly share ,, the thing with Supply and Demand that makes it to me a very is way to trade is that the rules are the same for any time frame , though you need to understand that using fast chart entries you must be using slower charts for direction to be successful.

It is one of Sam Sieden's core methods of trading . If you take a screen shot of his computer screen you will see that his setup is a series of time frames and the index, going all the way down to a 2 min chart. He also had a video saying that for intra day trading look for levels on a 30 min or 1 hr chart and the entry on a 2 min. So C-!2's way of trading is very normal.

The only thing I might say is look for TP targets on the slower charts as well to get more from those great entries. The best traders I have known used fast charts 15 min or so for entries but picked entry levels, targets and trends from 4 hr and daily . not much difference,

I wish you all the best with your thread , but don't feel booted . Your contribution was great and appreciated by all. I don't contributed to my own thread as much as I should . .


Cheers Ken

PS. don't be a stranger

Ken, really appreciate the kind words and all the help you've provided in this great thread. I can see you've been helping people learn for years!

I will certainly be dropping by but hopefully with charts no lower than an M15 next time.

Hi everyone,

Just entered into a long Dow index trade, nice setup on the 4h.
SL is at BE, going to let it rip.

C-12, thanks for all your input and will be seeing you on your thread as well :-)

Have a good weekend to all!

Cheers!

The key here is that BE stop loss. Even really nice levels can get sliced through on days like today.

Great weekend to all.

My levels on GPB/CHF. Any thought?

KL... This is what makes this thread one of the best I have seen on FF. It is the quality of this response that seperates this thread from so many out there.

C-12.. I too have come to appreciate what you have been doing. As KL has stated " Your contribution was great and appreciated by all "

I will continue to follow KL and be an active contributor. I will also subscribe and hope I can be a active contributor to your new thread C-12.

Good trading to all

TSD

Hey Ken,

Just popping my head in to say thanks for all your contributions on ff. Your posts in Eo's thread were excellent, and the bs thread looks great. I dabbled a bit in S/D, but with not much success. I can see where I was going wrong having read the first few pages of your thread (I did watch Sam Seiden videos, but struggled to stay awake through them!)- My problem was I was seeing too many zones, and not being selective enough, so when the zones failed, I threw in the towel, and went back to EO's method.

I hope I'm not going off topic talking about EO's method here, but as you were a great advocate of it when the thread was most active, I thought you'd be interested. The thing is, whilst EO's thread is brilliant, and had great traders, the method is far from black and white. I have had some good success with it, but can't help feeling that something more tangible was missing. EO's thread required a lot of reading between the lines, and lacked the solidity of a method like this.

Also, I recently tried different charting software, and whilst sorting the new charts out, I found the ma's were not homogenised enough through the different time frames- some were ema's some sma's often without any significant reason to be different on another time frame, and I started to question the validity of them. I did some back testing and found some of them to be quite flaky really. I've since then simplified them for my own style, which I won't go into on this thread, but I use them as a secondary form of confluence whilst using S and D more. In EO's method, I always thought the ma's were secondary anyway- the real method was price action at support/resistance anyway- not that far off what you are doing here! Maybe in the future, I'll ditch them completely, but right now they are a strong visual aid to me that I use for trend, retracements etc.
When I read Eo's thread, I felt an affinity with you, as I have the same problems that you had of jumping out of trades too soon! I very rarely could hold onto a trade to get the most out of a move. I've only just started reading this thread, but it looks like you've found a method that suits you better. I'd be interested in your view on the merits of both methods and your reasons for changing, although I suspect I've guessed that one already. I also see you've ditched ma's altogether, which was something that you used, and explained a great deal about previously- how's life without ma's?

Anyway, I don't want to clutter the thread, but just wanted to give my appreciation for one of the truly genuine people on here, whose posts have helped so many, and wish you every success with your trading

Hi,

This is my first post here - thanks a million to all those (especially Kenneth) who have contributed to this great thread.

I'll cut to the chase:

When looking at zones on higher timeframe charts (see image for H4 chart), does one look for entries in the zone in area A, or area B on the faster timeframe? i.e. do you wait for a new level to form after the larger timeframe zone has been touched, or do you scroll back in your faster timeframe for a good historical entry level? This has confused me for a long time, despite a lot of reading and watching Sam's videos, so if someone could clarify I'd be grateful.

Sorry if this is basic - it's just a sticking point for me for some reason.

Thanks,

TzK.

You can certainly refine entry on a 1 hour chart if your H4 level is too wide or messy looking. You can also wait for a rejection off the H4 and then go long off fresh levels formed on the lower timeframes. That's exactly how I trade.

All you can do is is practice the different styles and work out what works for you. Usually the amount of free time and account / position size will determine your best strategy.

I've seen really some great S&D traders scalp for pips and also swing trade at the same time. That's my ultimate goal. KennyZ over at ace gazette seems just as comfortable grabbing 5 pips as he is with a 500+ pip runner off a weekly chart!

Thanks C-12, that makes sense. I think my confusion came from watching Sam scalp the faster timeframes within large scale s&d levels, thinking he was finding his entries way back within the big level (if that makes sense). Now I see the scalping occurs off fresh levels within/near the bigger level. Sweet - I'm off and running now, forextester 2 trials going well (been refining that for some months). Next step is live demo - taking it steady after jumping the gun in the past!

chart

people are always asking why enter here or there . I use simple basic Price Action. In my mind all the indicators and tools and such , came after price action .. Like the chicken and the egg. Can't be a chicken without a egg. But .........

So I think like candlesticks . Somewhere along the time line . somebody started marking down Rice prices and then started noticing the open, close, high, and lows.

Then made a list of "CANDLES" that they saw at areas of interest or series of candles prior to a move. I personally believe this is how most systems or strategies are developed . Like Trader 131 posted above. I think a more knowledgeable group of traders saw the moves then applied the MA's to help others to see and understand the price action. Then as we start to understand better and notice the better traders of a system we see they are taking trades , that are not really part of the systems because most systems or strategies depend on a formation of some sort . Which comes after the true move has happened.

I like check marks . They are my basic entry idea . Buy Low .. Sell High,

That shows the CURRENT trend on your preferred trading time chart, as well as a place to look for S/D levels. I am sure this Price Action was observed before FIB levels came into play . You have to have something to be able to apply something too.

This also is where i got this idea for this ancient post.

http://forums.babypips.com/newbie-is...html#post87222

My quest has always trying to trade with the clearest charts and most basic knowledge. the practice should come in managing trades the entries should become easy pretty fast. If not you may be on the wrong path and just be confusing yourselves.

Sorry for the long winded crap post.. Cheers.

A/j revisited

one more

Price Action unfolds the same .. just learn to see it happening and learn where the lowest risk areas are.

kenneth what is a wide range bar ? wrb any idea

I would think a long candle . ( or bar) the price being great in between the open and close price . A lot of analysis is done using daily bars or candles . so if it could be the daily range top to bottom .. but context can be everything .
i personally don't think i use that terminology.

Just my 2 cents.

Hey BRO i have read the pdf's that Ken has put oiut, but I just don't get how you guys draw the base for these zones. It seems so subjective.

Best advice is watch all of Sam Seiden's videos on fxstreet. I've watched them all twice now. I often put them on before I go to bed and they send me to sleep every time... Great for insomnia.

Hi guys,
I'm new here, just found out about this forum after some searching.
I have been trading for few years with not so good results.
Then I found out about Sam Seiden's webinar and started watching the webinar since few months ago. I like it since it is make sense to me and it has improved my trading. I had some good results but has not been consistent at all.
I have not been drawing the correct level all the time yet.

And after some search I found Ken's thread and really excited about it since it's based on Sam's teaching. I've been reading the forum up to about page 40, so still a long way to go. Thank you very much for starting the thread Ken!!!

Still a newb on this so would appreciate if anyone can help with my trading.
So I'll be posting some charts and hopefully can increase my trading skills

Btw I'm using oanda and trading insignificant lot sizes at the moment.
I also don't always have much monitor time, so a lot of my trades are using PO, which is good in a way, always scared to click the buy/sell button and then looking at price reverse in the direction you want without you in it.