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B.S. Trading with Kenneth Lee

  • #4,961
  • Jan 18, 2013 2:11am Jan 18, 2013 2:11am
Quoting TraderinSD
Welcome....


TSD
Thanks TSD, Hope to learn more from experienced traders like you!
  • #4,962
  • Jan 18, 2013 2:39am Jan 18, 2013 2:39am
Quoting Kimmey
G/U trade taken: Sold 5995, SL 6045. 1st lot TP 5965, 2nd lot TP 5930.

Moved SL to 5994 (+1 pip protected)
Trade update:
1st lot TP @ 5965, +40 pips
SL on 2nd lot moved to 5990 (+5 pips protected)
  • #4,963
  • Jan 18, 2013 3:39am Jan 18, 2013 3:39am
Quoting Kimmey
Trade update:
1st lot TP @ 5965, +40 pips
SL on 2nd lot moved to 5990 (+5 pips protected)
Trade update:

2nd lot closed @ 5930. +65 pips

Total pips gained for this trade: 110 pips
  • #4,964
  • Jan 18, 2013 9:25am Jan 18, 2013 9:25am
Quoting Kimmey
Trade update:

2nd lot closed @ 5930. +65 pips

Total pips gained for this trade: 110 pips

Nicely done Kimmey.. Solid pipage to be sure !...love the 2 lot



TSD
  • #4,965
  • Jan 18, 2013 9:44am Jan 18, 2013 9:44am
Quoting Kimmey
Pending Sell order U/CAD: Sell 9882, SL 9902. 1 Lot TP 9862, 2nd lot TP 9853
Trade update: U/CAD stopped out for 20 pips per lot, 2 lots.
  • #4,966
  • Jan 18, 2013 9:46am Jan 18, 2013 9:46am
Quoting TraderinSD
Nicely done Kimmey.. Solid pipage to be sure !...love the 2 lot



TSD
Thanks TSD. But lost 2x20 pips on that U/CAD trade. So nett gain for today +70pips.
  • #4,967
  • Jan 18, 2013 9:55am Jan 18, 2013 9:55am
Quoting Kimmey
Thanks TSD. But lost 2x20 pips on that U/CAD trade. So nett gain for today +70pips.
And I'll take that all day...!!!

TSD
  • #4,968
  • Jan 20, 2013 12:49am Jan 20, 2013 12:49am
Hi TraderinSD,

I went through your link for Sam Seiden's videos, but there are a lot of webinars. From those what your recommend me to read first to get a clear and good idea of S&D method.


Thanx in Advance,
Ishara
  • #4,969
  • Edited 4:55am Jan 20, 2013 2:39am | Edited 4:55am
Quoting isharasjc
Hi TraderinSD,

I went through your link for Sam Seiden's videos, but there are a lot of webinars. From those what your recommend me to read first to get a clear and good idea of S&D method.


Thanx in Advance,
Ishara
Have a read of this thread;

http://www.forexfactory.com/showthread.php?t=380676

Also, the image below.

Attached Image
  • #4,970
  • Jan 20, 2013 7:24pm Jan 20, 2013 7:24pm
Quoting GDR3k
Have a read of this thread;

http://www.forexfactory.com/showthread.php?t=380676

Also, the image below.


Based on the chart you are trading in both directions which be very difficult at times. I would only trade with the trend if you are still trying to get a handle on the method.

I have seen the thread but have not read it at any real length.

TSD
  • #4,971
  • Jan 20, 2013 7:27pm Jan 20, 2013 7:27pm
Quoting isharasjc
Hi TraderinSD,

I went through your link for Sam Seiden's videos, but there are a lot of webinars. From those what your recommend me to read first to get a clear and good idea of S&D method.


Thanx in Advance,
Ishara

Regarding Sam’s videos... Start at the beginning. Yes they a long, many times repetitive but that's the homework. You must be willing to put in the time...If not it will be frustrating and difficult. I assume you are new. Sam's vid and KL thread will take you a long way..



TSD
  • #4,972
  • Jan 20, 2013 8:59pm Jan 20, 2013 8:59pm
Hi TraderinSD,

Actually I'm struggling to trade(only in demo account) more than 2 years now and I'm following KL thread from almost a year now. Also I'm reading all of the Sam Seiden's articles from then.

When talking about my trading, it's not improving much. For the whole year I've trade with S&D I just gained 15 USD of my 100 USD demo account. This is why I thought of writing to you to get an idea to fill up my missing knowledge of S&D method.

Pls tell me what should I do to improve my trading with S&D method.


Thanx in Advance,
Ishara
  • #4,973
  • Jan 21, 2013 3:50am Jan 21, 2013 3:50am
Quoting Kimmey
Pending Sell order U/CAD: Sell 9882, SL 9902. 1 Lot TP 9862, 2nd lot TP 9853
Trade executed last Friday and price moved to within 5 pips of my SL, (50 pips SL) then retraced back. Price not moving much today so decided to close at -25pips loss (x2 lots).
  • #4,974
  • Jan 21, 2013 4:14am Jan 21, 2013 4:14am
Quoting TraderinSD
Based on the chart you are trading in both directions which be very difficult at times. I would only trade with the trend if you are still trying to get a handle on the method.

I have seen the thread but have not read it at any real length.

TSD
Indeed, the picture only illustrates where s&d levels are on a chart normally, but you're right, always go with the trend.
  • #4,975
  • Jan 22, 2013 3:41am Jan 22, 2013 3:41am
Quoting TraderinSD
Regarding Sam’s videos... Start at the beginning. Yes they a long, many times repetitive but that's the homework. You must be willing to put in the time...If not it will be frustrating and difficult. I assume you are new. Sam's vid and KL thread will take you a long way..



TSD
TSD,

I have taken the advice I have received here to heart and am busy watching Sam's videos these days. I have seen a few of them yet and am picking up stuff. I make sure my notes journal is always open whenever I am viewing the vids. In addition to making notes, I also make notes of timestamps of relevant and redundant parts so that I know what to focus on next time around.

Though I have been reading your recent posts I havent been able to catch them entirely. I will post my queries once I am done with my homework.

Thank you everyone for your advise.
  • #4,976
  • Jan 22, 2013 5:28am Jan 22, 2013 5:28am
Hi every one.

I've been reading parts of this thread for a while, and I want to ask somethings:

-. Do you trade only in trending markets or do you also trade in ranging markets?
-. How do you recognize the daily trend, given at some point even the stronger trends may have several days of pullbacks?
-. How many S&D zones must be broken before you begin to think a reversal is taking place?
-. What makes you think that a reversal is taking place?
-. How do you determine if it's worth to trade the trend, specially when it seems to be turning?
-. What is the mindset required when it seems trend "must" reverse now, because it is over extended.
-. Which is more reliable trading rebound or trading breakouts?
-. Do you allways wait for confirmation or are you touch traders when the S&D zone is fresh?


Thanks in advance.


(english is not my first language, sorry if I wasn't clear)
  • #4,977
  • Jan 22, 2013 10:06am Jan 22, 2013 10:06am
sorry guys, I know I was never a very prolific poster, But still have no decent internet. 2 weeks and counting, ordered on the 8th, Now new date is Monday. We will see, Wouldn't recommend AT&T for anything. But only option even then the speed maybe to slow for everything I run on it.

Only service I have is a sketchy wireless service the marina offers to transient Boaters basically good enough to check e-mail. Remember Dial up ? this worse. Anyway hope to be back soon , Trade Safe Ken
Good Trading To All ; Ken Lee
  • #4,978
  • Jan 23, 2013 10:15am Jan 23, 2013 10:15am
Quoting Kenneth Lee
sorry guys, I know I was never a very prolific poster, But still have no decent internet. 2 weeks and counting, ordered on the 8th, Now new date is Monday. We will see, Wouldn't recommend AT&T for anything. But only option even then the speed maybe to slow for everything I run on it.

Only service I have is a sketchy wireless service the marina offers to transient Boaters basically good enough to check e-mail. Remember Dial up ? this worse. Anyway hope to be back soon , Trade Safe Ken
Hope all works out for you soon KL.. NO fun to be sure.

TSD
  • #4,979
  • Jan 23, 2013 3:15pm Jan 23, 2013 3:15pm
Quoting Kimmey
G/U trade taken: Sold 5995, SL 6045. 1st lot TP 5965, 2nd lot TP 5930.

Moved SL to 5994 (+1 pip protected)

thats on m30 ?
  • #4,980
  • Edited 12:29am Jan 24, 2013 12:17am | Edited 12:29am
Hi Everyone, I am considering joining a trading room to pick up S/D trading quickly. Could someone suggest me a good one? I came across one in another thread here. Would really appreciate if somoene could take a look and lemme know their thoughts abt it. Thread: http://www.forexfactory.com/showthread.php?t=288707 Site: http://www.thetradersguild.co.uk/ Incase my post is inappropriate pls let me know, I will remove the links. Thanks in advance
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