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B.S. Trading with Kenneth Lee

  • #5,561
  • Apr 29, 2013 8:09am Apr 29, 2013 8:09am
Quoting arjfca
{quote} Shure, interested to learn more about your spreadsheet tool. How do you receive your data Your tool and other one could be the subject of another thread. There is a lot to say about it I'm sure. I did developped a tool in Excel, like a big switchbox to send my orders to my broker, not for analysing. A good day to all Martin
Hi Martin,

My spreadsheet is simple. I just use DDE server to get bid and ask prices. The rest of the fields, SD distal and proximal lines for D1 and WK are manually entered. Once u type in the levels, the curve is calculated, if level is too high or too low, if touched or broken, etc.

I have a more complex idea where levels are detected automatically on MT4 with an indicator, apart from other very interesting features, but that would need programming skills that I don't know, pity!

Alfonso
Set and Forget supply and demand trading community
  • #5,562
  • Apr 29, 2013 8:22am Apr 29, 2013 8:22am
I am trying a long at this 4H speedbump (rally, base-drop) on USDCAD right at the distal line of a fresh D1 demand zone. Big imbalance and 10 pips risk.

The only thing I don't like about it is that the Dollar Index is dropping and this might push price on USDCAD lower into the D1 demand area where I have another limit buy order, in case this one does not work.

Alfonso
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Set and Forget supply and demand trading community
  • #5,563
  • Apr 29, 2013 10:06am Apr 29, 2013 10:06am
Hello there again!

I've uploaded my Open Office spreadsheet for D1 and WK supply and demand levels to a new thread at forex factory, file can be downloaded from there.

http://www.forexfactory.com/showthread.php?t=424894

Any feedback is welcome!

Regards,
Alfonso
Set and Forget supply and demand trading community
  • #5,564
  • Apr 30, 2013 9:23am Apr 30, 2013 9:23am
I know we have all been there when your PO's miss...but man It sucks 2 in a row! Hope everyone else is doing well!
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  • #5,565
  • Apr 30, 2013 9:32am Apr 30, 2013 9:32am
Quoting Aussie-FX
I know we have all been there when your PO's miss...but man It sucks 2 in a row! Hope everyone else is doing well! {image} {image}
ONLY 2? haha....I've experienced more than 5 per day buddy. it simply shows you're picking the best levels. But one thing to keep in mind, those good areas are areas where ppl compete to get filled, especially institutions. We're just small fish in the ocean, so it would make sense to have a few pips buffer. Makes life easier, than to compare with the institutions to fight for best price. For now, keep doing what you're doing, and only pick the best levels. If it happened TOO often where you miss your trades by 1pip or less, than do something about it.

Happy trading.

Chao
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #5,566
  • Apr 30, 2013 9:42am Apr 30, 2013 9:42am
Quoting keroro0o0o
{quote} ONLY 2? haha....I've experienced more than 5 per day buddy. it simply shows you're picking the best levels. But one thing to keep in mind, those good areas are areas where ppl compete to get filled, especially institutions. We're just small fish in the ocean, so it would make sense to have a few pips buffer. Makes life easier, than to compare with the institutions to fight for best price. For now, keep doing what you're doing, and only pick the best levels. If it happened TOO often where you miss your trades by 1pip or less, than do something...
Haha..well don't I feel a bit silly! . Thanks for your advice, your right I need to just get on top of it a give myself more of a buffer.
  • #5,567
  • Apr 30, 2013 10:29am Apr 30, 2013 10:29am
Planning a 4H short on USDCAD and a long at 4H demand lower which matches a fresh D1 demand (with green trendlines).

Supply is being respected and demand is being violated, no pullbacks to entry on the drop, GDP fundamental news was being priced in I guess and GDP was better this month for the Canadian dollar.

Those are the trades I've planned, they are all set & forget trades

Regards,
Alfonso
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Set and Forget supply and demand trading community
  • #5,568
  • Apr 30, 2013 10:50am Apr 30, 2013 10:50am
Hello team, Just wondering did anybody take this trades?
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  • #5,569
  • Apr 30, 2013 11:53am Apr 30, 2013 11:53am
Quoting thestarting
Hello team, Just wondering did anybody take this trades? {image} {image}
Hey man with the GBPUSD I'm looking for longs, based on the Daily Chart levels. And with the EURUSD trade nice work on catching that move up . My entry was lower and price didn't get to my PO. Hope that helps
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  • #5,570
  • Apr 30, 2013 10:36pm Apr 30, 2013 10:36pm
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Looking to trade toward the 4HR level

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15M view of the level I am looking to get short

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5M view of the Supply Level

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Distance to the 4Hr 110 pips. Not sure if we will get that far?

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Entry and short. Volume divergence at the level

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PA showing positive movement
  • #5,571
  • Apr 30, 2013 10:42pm Apr 30, 2013 10:42pm
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PA has touch our stall area.. We should as a roll back up toward the small supply overhead.. Hopefully we get a resumption of PA short
  • #5,572
  • Apr 30, 2013 10:50pm Apr 30, 2013 10:50pm
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Price ha touched our small supply level..Let see if we can get a resumption of the move short.
  • #5,573
  • Apr 30, 2013 11:00pm Apr 30, 2013 11:00pm
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Price has moved in our direction and currently breaking the stall area
  • #5,574
  • Apr 30, 2013 11:01pm Apr 30, 2013 11:01pm
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Now for a re-test of our stall area
  • #5,575
  • Apr 30, 2013 11:05pm Apr 30, 2013 11:05pm
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Price resisting and stopped around the blue arrow.. The was create by arrow #1
  • #5,576
  • Apr 30, 2013 11:18pm Apr 30, 2013 11:18pm
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Resumption and now testing the lower level..let see if we can get a breakdown of this area
  • #5,577
  • Apr 30, 2013 11:30pm Apr 30, 2013 11:30pm
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Price has retested a new smaller supply level and rejected.. PA candle in relation indicating no demand .. we should a resumption of the move short.
  • #5,578
  • Apr 30, 2013 11:31pm Apr 30, 2013 11:31pm
Jesus christ. I think one chart will suffice.
What is any ocean but a multitude of drops?
  • #5,579
  • Apr 30, 2013 11:42pm Apr 30, 2013 11:42pm
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Price spreading to much time at this level..exited trade on the spike up

closed this 2 lot for 16 pips


TSD
  • #5,580
  • May 1, 2013 1:44am May 1, 2013 1:44am
can any one pls tell me how i can find the most important zone, cause i notice there are always so may zone. and is a swing high or swing low a good zone to draw?. with what i understand i should know where the higher time frame zone is(daily chart) and trade to the part of less resistance, does that mean i will enter a trade base on that at the start of a run and not exit it till it get to the other zone on the daily chart,cause most times the market does not pull back to demand or supply on the lower time frame .

and want to ask is my zone on the E/u chart right and also my entry,what will be the best TP
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All market movement are as a result of supply and demand
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