B.S. Trading with Kenneth Lee

e/u trade

Possibilities

and of course ...

oz trade.

It is the never ending struggle for " Patience ".... If anyone knows where I might might be able to purchase some of this magical elixir ??

TSD

Took the first short at the first arrow.



Took the second short as price rolled back up into a smaller secondary Supply Level





PA rolled back up in a third Supply Level. What we are seeing consecutive lower lows. Each swing creates a new Supply Level lower than the previous.. So we stay in the trade. Our ultimate target is the Demand Level "Area" below.. We are trading between the levels



Price continues to react favorably to these Supply Levels.

TSD

Exited our first TP with 17 pips



Exited our second TP with 14 pips

I would have liked to post as the trade progressed but, that is proving to be a bit difficult.


Good trading to all

TSD

Sorry for the delay...

When looking at the spread of a candle, it is the spread of the candle, in reference to the tick volume, that can help you determine if price will continue or there may be a turn coming up. The spread is the distance between the high and low... (not the open or close or bid/ ask)

So for example:.. When we see a strong move into an level. The candles have a good spread/distance between the high and low, we know that the SM's are behind this move. How?? They are they only ones that can create this type of move in the market... Ideally, we should see a succession of increasing volume bars that accompany the high spread activity of the candles moving into our level.

Once price reaches our level..3 things will happen.. 1) Price just keeps on going - blowing right through our level (happens all the time) 2) Price stalls out.. the spread get narrow..volume dries up ( IN THE CONTEX ON THE PRECEDING VOLUME ).. Price may range and go down or it may range and continue on...here is were you have to look at the candle action/spread and volume with in the contex. 3) Price may slam into our level and bounce back hard in the direction it came from. ( This is why I tend to step down in TF .. A look inside so to speak.. To see if PA and Volume will give me a better picture as to what may ????? be getting ready to happen. I do this especially when price is coming into the level with some real force.

This is a short version / answer to what you are asking. The spread of the candle/bar as it relates to volume can be very indepth discussion. There is a great deal of information about this. A lot to take in to be sure.

TSD

dear ken
I've entered long position in eur/usd using 30min. chart but 4 hour look like downtrend. I'm struggling to find trend using multipule timeframe so according to this 30 min chart where is the profit target level should be? Which trend should I follow according to this 30min chart?
thanks

Thanks! Great information. I've been studying the volume notes you've been posting, and of course KL's posts. Will keep going and will start to see it more clearly soon, I'm sure.


I appreciate your help.


G

http://i47.tinypic.com/2yn5wdu.gif

Large TF down trend.

Rise - Base - Drop Pattern.

Short at 0.93200.

Let's see how it will do.

Hello kenneth

Congrat fot this document. I just started to read the post and your PDF. I'm quite impress by your work

May I ask a question about your Trade profit region in your "Putting The Plan Together"

4.Make sure it traveled at least 2:1 level width to it's farthest point.

5. Find where your first TP would be look for at least 3:1It may go further but this should be your minimumthis way at least you could take a 2:1 profit.

My English is not perfect so I'm no sure to understand what you want to explain


Question about region predetermination. You or other members, could you look at the attached picture and tell me witch region I should select, THe A, B, C or any of them is good?

Any comments or suggestion appreciated

Martin

You had a good zone picked out, I got burned on it too. In my studies I've found that it can take a few strikes before you hit one that makes up for losses and gives you some surplus profit.

See the explanation on the charts

While this is what I should do, I must confess that I don't follow to often enough.... Discipline, Discipline, Discipline

My actual problem is about trade management to. I don't take profit soon enough and often let nice profit on the table and incur a loss because I was hopping for a better price... Greed is not good, at least for me. Should I had kept my profit.


Martin

Anybody else going to give this upper demand level a try?

Got long on a second touch of the Demand Area.



Added to my position on a 3'd touch of the Demand Area.. Overall Volume to PA on this touch indicated SM's active into this Demand Area.

Both first and second moves into Demand ( second being the stronger of the two ) was high.

We have made a several attempt to get through this stall area.. Seeing HH's..into this point.

Looks good....I have a limit order set here but it hasn't been activated yet. Short on Aussie and Kiwi at the moment with running profit, we'll see how those pan out.

Higher TF view.. We are trading with overall trend UP.. PA is ranging

Broke through our first stall point.. should see a retest of this point..resistance turned support..First target just ahead.

Successful retest of resistance turn support.