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B.S. Trading with Kenneth Lee

  • #4,881
  • Dec 17, 2012 1:28pm Dec 17, 2012 1:28pm
Quoting C-12
But I did catch this one. Probably should have held the short but they we're large positions!
Hi c-12, nice trade. Do you mind sharing your indicator which draws red and yellow dots? R they pivot?
  • #4,882
  • Dec 17, 2012 1:37pm Dec 17, 2012 1:37pm
Quoting hlakhani
Hi c-12, nice trade. Do you mind sharing your indicator which draws red and yellow dots? R they pivot?
Which one, there's a few indicators here?

The green line is the London open. Purple line is previous NY close level. Red lines are previous day's high & low.

Dotted orange and grey line is my order manager (Luktom visual).
  • #4,883
  • Dec 17, 2012 1:41pm Dec 17, 2012 1:41pm
Quoting Akruma
The level looks like a valid level and there was a reaction where price retraced 12 pips, back to the trend line and opening price of NY session.
I often like to zoom in on lower timeframe, so get a better picture how price left the area. If we look on the 5min tf, we see that the level was tested once. The level might still be valid, but the retest weakens the level.
Since price has moved with great momentum down all day and now is below weekly open and trendline it looks very bearish
Now I am looking for shorts. There are stacked levels at around...
The first level worked. Took 7pips from one entry, and leaving the second for BE or as a swing trade.
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  • #4,884
  • Dec 17, 2012 3:20pm Dec 17, 2012 3:20pm
Quoting C-12
Which one, there's a few indicators here?

The green line is the London open. Purple line is previous NY close level. Red lines are previous day's high & low.

Dotted orange and grey line is my order manager (Luktom visual).
Green and red solid dots at swing high/low..
  • #4,885
  • Dec 17, 2012 3:21pm Dec 17, 2012 3:21pm
Quoting hlakhani
Green and red solid dots at swing high/low..
That's called Chaos Semafor. Go to forum search and it's an easy find.
  • #4,886
  • Dec 17, 2012 5:58pm Dec 17, 2012 5:58pm
Quoting Lou
Yoshipau

Simply a charting technical question. It looks like you are using O anda . How do you draw the rectangles on the active chart, or do you add them for discussion puposes after copying them ?
It was not an active chart, MSPaint only.
Would be great if they have that feature.

I also have a question about Oanda, do you always have loading time whenever changing the Symbol/Time Frame?
I used to have it but only on the first time, once I load all the currencies and all the Time Frames, I can then switch to any of it very quickly, no loading times at all.

This is not the case anymore and it has been going on for few months now. I thought it was only because they were rolling out these new Time Frames (2m, 3m, 4m, 2H, 3H, etc.), but it is still like this until now.
It's getting really annoying for me since you always have to wait whenever switching to a different chart.

Sorry if it is OOT, just wanted to know if everyone else have different experience.
  • #4,887
  • Dec 17, 2012 6:28pm Dec 17, 2012 6:28pm
Quoting yoshipau
It was not an active chart, MSPaint only.
Would be great if they have that feature.

I also have a question about Oanda, do you always have loading time whenever changing the Symbol/Time Frame?
I used to have it but only on the first time, once I load all the currencies and all the Time Frames, I can then switch to any of it very quickly, no loading times at all.

This is not the case anymore and it has been going on for few months now. I thought it was only because they were rolling out these new Time Frames (2m, 3m, 4m, 2H, 3H, etc.), but...
I don't have that problem. Try using Live Help the next time you are in the chart pkg. They are very knowledgeable.
  • #4,888
  • Dec 17, 2012 6:54pm Dec 17, 2012 6:54pm
Quoting Lou
I don't have that problem. Try using Live Help the next time you are in the chart pkg. They are very knowledgeable.
Just asked the Help Live and this is their replies

Jan: I'm afraid this is not a problem. Rather, it is normal. Because we have added more timeframes, we have had to change how chart data is cached. As a result, it is normal to have a brief pause while data loads when you change timeframes or charts.

Looks like I have to deal with this for now or start looking for other broker.

Can you let me know which Oanda platform are you using? and is it also on Win 7?
  • #4,889
  • Dec 17, 2012 9:48pm Dec 17, 2012 9:48pm
Quoting C-12
Looks a good level, I missed the buy order....
Same thing here, missed it by a couple of pips then cancelled the order.
Looks like it turning south now.

And on my EJ, would've been a good one if executed.

Also the same on AU, missed by about 1 pip.

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  • #4,890
  • Dec 17, 2012 10:12pm Dec 17, 2012 10:12pm
I am glad to post here!Since I share similar trading style.
Speaking of UCAD I have 4 buys at 9830-40 level.If Price drops lower I will buy more.It seems a lot but I take 2 standard lots and divide in 4 lots and average in on the price.This way I get better number.
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In trading, you have to be defensive and aggressive at the same time
  • #4,891
  • Dec 17, 2012 11:22pm Dec 17, 2012 11:22pm
On GU
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In trading, you have to be defensive and aggressive at the same time
  • #4,892
  • Dec 17, 2012 11:29pm Dec 17, 2012 11:29pm
Quoting yoshipau
Just asked the Help Live and this is their replies

Jan: I'm afraid this is not a problem. Rather, it is normal. Because we have added more timeframes, we have had to change how chart data is cached. As a result, it is normal to have a brief pause while data loads when you change timeframes or charts.

Looks like I have to deal with this for now or start looking for other broker.

Can you let me know which Oanda platform are you using? and is it also on Win 7?


On the upper right corner it says US Division. I have Win 7. When I switch between pairs or time frames the new chart comes up with only a second or two pause.
  • #4,893
  • Dec 18, 2012 12:13am Dec 18, 2012 12:13am
Quoting Lou
On the upper right corner it says US Division. I have Win 7. When I switch between pairs or time frames the new chart comes up with only a second or two pause.
Yep, so it's the same thing then.
The old version does not have any pauses, only at the beginning.
Once it is loaded there are no more loading times.
You can switch from 1M to 5M to 30M to 1Day very fast, which also makes the Keyboard shortcuts very useful.

Well, I guess I have get used to it for now until they update this.
  • #4,894
  • Dec 18, 2012 1:30am Dec 18, 2012 1:30am
Quoting Akruma
The first level worked. Took 7pips from one entry, and leaving the second for BE or as a swing trade.
Nice one, Akruma!

By the way, I have closed out my USD/CAD at +1 due to the price action. To me, price wouldn't stall at a level so long if the level is strong. But it might still work out and continue move higher
  • #4,895
  • Dec 19, 2012 2:40pm Dec 19, 2012 2:40pm
Hi KL and all pro

I like this S/D trading and read this tread till page 100+ till now. As I am a gold trader and want to improve my trading skill, I would like to ask anyone has gold trading experience about TF that suitable for Gold. I try live test and back test already, but I still not sure which TF is the most suitable. It would be appriciated if anyone can show the trade with chart example.

Thx all
Kong
  • #4,896
  • Dec 21, 2012 9:53am Dec 21, 2012 9:53am
Quoting Kenneth Lee
So back to trappist's question. If you watched that movie about the great depression and how a few people manipulated the stock market for their own gains. The basics of it were dead simple . They pool their money to limit risk per person of course ( it is all about limiting risk) , They would then buy the stock of choice , so the stock would make a jump up. they then would pay newspapers to write articles about the company with a positive spin, The general public would borrow money to buy the stock pushing it higher as it reached their goals the...
Thank you Ken for your explanation how you read the charts. I am studying VSA now and will be using it when trading futures at CME.
  • #4,897
  • Dec 21, 2012 10:59am Dec 21, 2012 10:59am
Quoting Trappist
Thank you Ken for your explanation how you read the charts. I am studying VSA now and will be using it when trading futures at CME.
Smart move Trappist..

VSA on the CME will let you “see behind the price ". It can be amazingly obvious at times. Just remember the SM's will trade in all TF's... So always look around... A good example of this in Forex is KL trades vs. C-12 trades. Same methodology. You will see some very good moves in both.

For them (the SM’s) it all about position size. How much is available? Additionally watch for Block Trades on the CME... This can tell you a lot about whether a level will hold or not.

Good Trading to all

TSD
  • #4,898
  • Dec 21, 2012 5:14pm Dec 21, 2012 5:14pm
Quoting TraderinSD
Smart move Trappist..

VSA on the CME will let you “see behind the price ". It can be amazingly obvious at times. Just remember the SM's will trade in all TF's... So always look around... A good example of this in Forex is KL trades vs. C-12 trades. Same methodology. You will see some very good moves in both.

[color=black][font=Verdana]For them (the SM’s) it all about...
Hi TraderinSD. I keep studying Kenneth's charts. I know you from Rocky's thread. It is difficult to find a clean and reliable source to study VSA. I have read Tom Willams "Master the markets". TradeGuider is trying to convince the readers to buy the software, that's why there is no charts in the book. Other files I downloaded expalins the fundemantals of VSA, but it would be interesting to see with trade examples on the chart.There are few threads in FF but i do not rely on their consistency. Would you recommend any book or file that expalins VSA with chart examples without pushing press on buying any software? Thanks.
  • #4,899
  • Dec 21, 2012 11:19pm Dec 21, 2012 11:19pm
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Long tern view on the 4HR. Trend is UP

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Entry base on PA at the 30M level. Agressive entry into the Demand area. Clear rejection from PA

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Exit for 46 pips on a 2 lot

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See how price clearly rejects this demand level. Yes, my demand is not exactly per the rules put forth by Kl but, let me point out something, I believe, very important. First, we do have a clear Demand level. Second, we have a clear rejection of this Demand level. Third, we are trading with the trend. Fourth, we are trading to a target above that is a drop-base-drop pattern around 3224. ( its next logical place to go.. IMHO ) Now look left.. You see how price has moved around this 3224 price AREA.. Late on the 19th price ran right into it. On the 18th price bounced around this area too.. You can this on the 4HR, 1Hr and the 30M..Price is creating support and resistance...WHICH IS DIFFERENT THAN SUPPLY DEMAND... See how price left the 3224 area on the 20th.. This tells me this level is important previously and now.

Now look at the 30M .. See how price moved away from this ( drop-base-drop pattern Supply ) See how price moved deeper from the previous attemp on the 19th.. Yes, price did not reach the classic definition of moving into the Demand area on the 19th but...Price did move deeper and rejected the area..KL speaks to this deeper move on a second revisit although it did not move into the Demand on the 19th..We are trading areas and one must be flexable when price is dictating something slightly different.

Now for the most important part..See how price moved into the 30M demand level from the 3224. Aggressive.. Price stalled out at the level... Clear rejection. All this gives me the confidence to take this long.

Lastly.. Price did return to the 3224 Supply level noted earlier. Price clearly rejected the FRESH Supply level and moved short but that would have been a counter trend trade.. NOT something I recomend for those who are still learning this method.

Good trading to all

TSD
  • #4,900
  • Dec 21, 2012 11:36pm Dec 21, 2012 11:36pm
Quoting Trappist
Hi TraderinSD. I keep studying Kenneth's charts. I know you from Rocky's thread. It is difficult to find a clean and reliable source to study VSA. I have read Tom Willams "Master the markets". TradeGuider is trying to convince the readers to buy the software, that's why there is no charts in the book. Other files I downloaded expalins the fundemantals of VSA, but it would be interesting to see with trade examples on the chart.There are few threads in FF but i do not rely on their consistency. Would you recommend any book or file that expalins...

I think Rocky is you best source for free information. He is very helpful when he has time. You can learn a great deal from his thread regarding VSA as he is trading the futures. His charts are very informative. Only time in front of the screen ( demo ) will advance your knowledge of VSA..I am of the opinion that this is why there is little written on VSA..it that important.

Price precedes volume or volume precedes price.. Either way, one tells the story of the other. You'll notice, I have volume on my charts but, out of respect for KL, this is not the thread for that discussion.

TSD
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