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B.S. Trading with Kenneth Lee

  • #5,381
  • Apr 15, 2013 11:37am Apr 15, 2013 11:37am
When did you start trading S/D TraderinSD?
  • #5,382
  • Apr 15, 2013 1:07pm Apr 15, 2013 1:07pm
Hello team, can anybody guide me and show me what they see on the 30M Eur/usd chart? I have some S/D shown but not sure if im right...thank you!


Just got into this style of trading recently. Thanks in advance!
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  • #5,383
  • Apr 15, 2013 1:10pm Apr 15, 2013 1:10pm
Quoting TraderinSD
We are short 2 lots for CT scalp trade. {image} {image} {image} {image}
Hello TraderinSD:

For this April 11, 2013 AUDUSD setup I drew the supply level area using a blue box to mark the area that I would expect price to turn around in as price made its high at 23:20.

The bottom of the area would be the 13:15 Hi and the top of the area the 11:10 Hi. Both places where price dropped away from rapidly.

Is this correct ?

Would you draw the supply area smaller or larger ?

Thanks

Borg
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May the Forex be with you.
  • #5,384
  • Apr 15, 2013 1:27pm Apr 15, 2013 1:27pm
chart
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Good Trading To All ; Ken Lee
  • #5,385
  • Apr 15, 2013 2:05pm Apr 15, 2013 2:05pm
Quoting TraderinSD
{image} I thought I would share this example to show the power of this method. Any TF, any pair, any session..Yes some pairs and sessions may produce better results due the activity level.. "volume".. But the basic method is what is so powerful. I trade the Asian session most of the time. This is not to say that other methods are not profitable either but, the ability to trade both range markets and trend markets, in any TF definitely puts this method in a select few. Trading KL's 30m is a solid TF as there is a lot less noise. This example is...
Hello TraderinSD:

Thanks for posting this great S/D example on the USDJPY. I really appreciate it, and all of your other informative posts as well. It really shows the power of the S/D method.

I see where the supply level you marked came from and how priced turned when it reached that level.

So after price turned, was the signal to go short the lower high and then price going below the low I marked on your chart. Or would it be some where else ?

Borg
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May the Forex be with you.
  • #5,386
  • Apr 15, 2013 3:21pm Apr 15, 2013 3:21pm
Quoting Borg
Hello TraderinSD: For this April 11, 2013 AUDUSD setup I drew the supply level area using a blue box to mark the area that I would expect price to turn around in as price made its high at 23:20. The bottom of the area would be the 13:15 Hi and the top of the area the 11:10 Hi. Both places where price dropped away from rapidly. Is this correct ? Would you draw the supply area smaller or larger ? Thanks Borg {image}
OK.. when I get to a screen where I can print some charts I should be able to help you tighten your levels up a bit.

be back soon

TSD
  • #5,387
  • Apr 15, 2013 3:59pm Apr 15, 2013 3:59pm
Quoting Aussie-FX
When did you start trading S/D TraderinSD?

Aug 23, 2011 7:58am Post #2 on KL thread. ( Has not seemed that long ?? )

Have been trading since 1999 - Indexes..( attempting actually ) At least that what I call it .... I have made and lost 1000's. The cost for me has been high....over and above the money as well. Have learned a great deal..Mostly about myself !!! Have had some amazing mentors along the way ( all of them still trade today )

My biggest learning curve has come from the REWIRE of my thinking. You will see this throughout my posts on FF. Add to that what KL has taught me about S/D ( Eternally grateful !! ) and I am able to trade very profitably now. It is what works for me in ways that I never thought possible.

This is not to say that other methods are not profitable..They are !!! We all follow our own road in trading. Finding that fit can be difficult, costly, painful.... If you learn about yourself = REWIRE...Follow what KL has laid out.. You too may find opportunity...you may have only dreamed about.

The road is long for some.. short for others.

I'm just a guy who trades



TSD
  • #5,388
  • Apr 15, 2013 6:52pm Apr 15, 2013 6:52pm
Quoting TraderinSD
thank you. .. just hope my charts can help others still finding their way with the SD method. TSD
Its helping me! im over thinking too much on these levels on the 30M chart! good job sir.
  • #5,389
  • Apr 15, 2013 11:25pm Apr 15, 2013 11:25pm
Quoting TraderinSD
Aug 23, 2011 7:58am Post #2 on KL thread. ( Has not seemed that long ?? ) Have been trading since 1999 - Indexes..( attempting actually ) At least that what I call it .... I have made and lost 1000's. The cost for me has been high....over and above the money as well. Have learned a great deal..Mostly about myself !!! Have had some amazing mentors along the way ( all of them still trade today ) My biggest learning curve has come from the REWIRE of my thinking. You will see this throughout my posts on FF. Add to that what KL has taught me about...
Hey TSD, thanks for sharing that with me. Its always good to hear the realities from someone who has been in the game for awhile, in that we are all fighting the same battle!. Rewiring is certainly where I am at right now, S/D just makes sense, and the results show. KL does a great job of teaching it though, and I'm only a 1/8th of the way through the thread!

Aussie
  • #5,390
  • Apr 15, 2013 11:59pm Apr 15, 2013 11:59pm
Quoting Borg
Hello TraderinSD: For this April 11, 2013 AUDUSD setup I drew the supply level area using a blue box to mark the area that I would expect price to turn around in as price made its high at 23:20. The bottom of the area would be the 13:15 Hi and the top of the area the 11:10 Hi. Both places where price dropped away from rapidly. Is this correct ? Would you draw the supply area smaller or larger ? Thanks Borg {image}
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I would draw them smaller. There is no way of telling ( at this point ) when the levels are drawn, which one PA will stop at. Additional info would be needed as discussed in post # 5350.

Review your ODDS ENHANCERS.. This will help a great deal.

Hope this helps

TSD
  • #5,391
  • Apr 16, 2013 12:07am Apr 16, 2013 12:07am
Hello TraderSD Would you mind doing a chart for whats happening with the EUR right now...I dont quit get exactly what to look for to setup the supply.

thank you!
  • #5,392
  • Apr 16, 2013 12:10am Apr 16, 2013 12:10am
Quoting Aussie-FX
Hey TSD, thanks for sharing that with me. Its always good to hear the realities from someone who has been in the game for awhile, in that we are all fighting the same battle!. Rewiring is certainly where I am at right now, S/D just makes sense, and the results show. KL does a great job of teaching it though, and I'm only a 1/8th of the way through the thread! Aussie
Yes, it is an amazing method. Patience and time will teach you so very much..

TSD
  • #5,393
  • Apr 16, 2013 12:35am Apr 16, 2013 12:35am
Quoting thestarting
Hello TraderSD Would you mind doing a chart for whats happening with the EUR right now...I dont quit get exactly what to look for to setup the supply. thank you!


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At this point lets just look at the pattern. This is a 15M of the EUR.. You have a DROP, a BASE, a RISE into SUPPLY. Look for the Aggressive move away from the level.. Price consolidates then moves sharply away. This potentially forms a level. Then you have the Base.. Then the return back into Supply.


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This is what I would suggest as a trade on the EUR at this point..Price had a RISE...Then price BASED across the top..Now we are looking for a possible return to our area of DEMAND?? I would not consider trades long or short inside the base at this point. Better to learn the 30M. Get a solid foundation on KL 's method.

I highly suggest you watch as many of Sam's videos as possible. Then re watch them again.. They will make a difference in your understanding..They work nicely alongside KL's thread.


TSD
  • #5,394
  • Apr 16, 2013 1:25am Apr 16, 2013 1:25am
Quoting TraderinSD
{image} At this point lets just look at the pattern. This is a 15M of the EUR.. You have a DROP, a BASE, a RISE into SUPPLY. Look for the Aggressive move away from the level.. Price consolidates then moves sharply away. This potentially forms a level. Then you have the Base.. Then the return back into Supply. {image} This is what I would suggest as a trade on the EUR at this point..Price had a RISE...Then price BASED across the top..Now we are looking for a possible return to our area of DEMAND?? I would not consider trades long or short inside...

Thank you so much. Still a little confused on the DBR levels. Can you recommend some videos from Sam? Thank you sir.
  • #5,395
  • Apr 16, 2013 1:42am Apr 16, 2013 1:42am
Quoting thestarting
Thank you so much. Still a little confused on the DBR levels. Can you recommend some videos from Sam? Thank you sir.

For Example TraderinSD, You wouldn't pull any short trades until it hits the upper box named "Supply" 1.3096 area with a stop 1.3106 which is just about the supply box.
  • #5,396
  • Apr 16, 2013 2:48am Apr 16, 2013 2:48am
Monitoring Silver closely to reinstate short. The resolution lower on prices has found a temporary bottom sub 22.'00 with price now recovering for a potential retest of supply at 24.45/24.90. The level, imo, remains fresh since the first test last NY session barely came 1 pips close to the level before resuming the downtrend. The supply ticks all the boxes to suggest that a strong imbalance between sellers and buyers remains at that level. Note this is a D-B-D, so you should be more cautious on taking the structures. Since we are in a strong downtrend, and with last noted demand dating back from Aug 2010 gone thru last Asian session, this makes it an attractive zone to join the bear bandwagon. The USD index, in the meantime, continues to be well supported by bids ahead of 82.00, so s far as away from 82.00/81.50 demand and 83.00/83.50 supply, the trade looks good to go. Watch, as always, for demand not to be created ahead of the level.
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  • #5,397
  • Apr 16, 2013 2:51am Apr 16, 2013 2:51am
http://my.jetscreenshot.com/16837/20130416-woy5-60kb What is wrong with this swap level. I have a loss from this.
  • #5,398
  • Apr 16, 2013 10:01am Apr 16, 2013 10:01am
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Morning guys, Took a few losses today.

I've attached it as an imagine....was anybody in this trade? I strickly trade the 30M chart. Maybe I'm doing something wrong...if you could shine some light i would really appreciate it...after all its all about learning new things!

using a dummy account until i can feel more confortable with Supply and Demand trading.

Thank you!
  • #5,399
  • Apr 16, 2013 10:23am Apr 16, 2013 10:23am
Quoting thestarting
{image} Morning guys, Took a few losses today. I've attached it as an imagine....was anybody in this trade? I strickly trade the 30M chart. Maybe I'm doing something wrong...if you could shine some light i would really appreciate it...after all its all about learning new things! using a dummy account until i can feel more confortable with Supply and Demand trading. Thank you!
Some thoughts:
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Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #5,400
  • Apr 16, 2013 10:44am Apr 16, 2013 10:44am
Quoting thestarting
{image} Morning guys, Took a few losses today. I've attached it as an imagine....was anybody in this trade? I strickly trade the 30M chart. Maybe I'm doing something wrong...if you could shine some light i would really appreciate it...after all its all about learning new things! using a dummy account until i can feel more confortable with Supply and Demand trading. Thank you!
Few notes:

- You may need to look further in time. From the chart that you show, market seem to be stalled in a ranging area

- Not every trade will be profitable. This concept of trading on the supply / demand zone is to increase the odd. But this not a 100% winning concept

- in your charts, price did react to demand / supply zone, but it is up to us to understand the further direction and witch one is a valid one. Very easy to understand with insigth charts but not se easy in real time. Honestly, I struggle a lot on that to

System do work. I took one year to deplete my account by 20%. After a month of using the concept, I did recoup 30% of my losses. In 3 months, I may show a positive trading account for the first time.

Good luck

Martin
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