Attachments: B.S. Trading with Kenneth Lee

B.S. Trading with Kenneth Lee

#5,721
May 27, 2013 5:09pm May 27, 2013 5:09pm

Kenneth Lee
Joined Nov 2008 | Status: Trade Inspiration Not Despiration . | 4,827 Posts

Quoting cfdtaleong

Disliked

How to you read candles like these? Big long candles of equal size. Is it a huge imbalance or there is actually a balance? Where then should we place our lines in this case? Thank you for the guidance. Hopefully my picture can illustrate what I am trying to ask {image}

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chart

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Good Trading To All ; Ken Lee

#5,722
May 28, 2013 11:45pm May 28, 2013 11:45pm

cfdtaleong
| Additional Username | Joined May 2013 | 724 Posts

Thanks

Still not able to get the zones confidently but thanks for the all inputs and resources shared by everyone

I want more brain power!

#5,723
May 30, 2013 6:56am May 30, 2013 6:56am

oddy
| Joined Jan 2011 | Status: Trader | 9 Posts

Hello Ken,

Very good tread. I like your (Sam's) approach. I wonder if you can help me solve my very last question in this matter. My problem is drawing the zones. Could you be a bit more explicit about this. What are your criteria for drawing the lines. Could you please add a chart?

#5,724
May 30, 2013 1:27pm May 30, 2013 1:27pm

Dopey
Joined Apr 2005 | Status: Dopey Bastard | 1,568 Posts

Quoting oddy

Disliked

Hello Ken, Very good tread. I like your (Sam's) approach. I wonder if you can help me solve my very last question in this matter. My problem is drawing the zones. Could you be a bit more explicit about this. What are your criteria for drawing the lines. Could you please add a chart?

Ignored

There are 3,000 f$#%ing charts on this thread showing drawn zones. How many more do you need?

And people wonder why!

#5,725
May 30, 2013 10:39pm May 30, 2013 10:39pm

Lou
Joined Mar 2004 | Status: Senior Member | 1,633 Posts

Quoting Dopey

Disliked

{quote} There are 3,000 f$#%ing charts on this thread showing drawn zones. How many more do you need? And people wonder why!

Ignored

Dopey, aren't you a poster with another name? Do I recall correctly ?

#5,726
May 31, 2013 12:40am May 31, 2013 12:40am

TraderinSD
Joined Feb 2011 | Status: Probabilities, Not Absolutes | 1,246 Posts

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Took profit #1 a few pips early for 35

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Took profit #2 as price was stalling inside Supply for 26

Total pipage 51

TSD

#5,727
May 31, 2013 1:47am May 31, 2013 1:47am

oddy
| Joined Jan 2011 | Status: Trader | 9 Posts

Quoting Dopey

Disliked

{quote} There are 3,000 f$#%ing charts on this thread showing drawn zones. How many more do you need? And people wonder why!

Ignored

Well, Dopey, let's say you think there are about 3000, you did not count them exactly. This is my point, I want to know exactly where to draw the lines for the zone.

#5,728
May 31, 2013 8:18am May 31, 2013 8:18am

rami_8
| Joined Jan 2012 | Status: Trader | 83 Posts

Quoting oddy

Disliked

Hello Ken, Very good tread. I like your (Sam's) approach. I wonder if you can help me solve my very last question in this matter. My problem is drawing the zones. Could you be a bit more explicit about this. What are your criteria for drawing the lines. Could you please add a chart?

Ignored

Hi,

Ken uses the candle body and the wick to draw the zones. E.g's from the PDF. I hope you get the idea from these examples.

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#5,729
May 31, 2013 9:37am May 31, 2013 9:37am

TraderinSD
Joined Feb 2011 | Status: Probabilities, Not Absolutes | 1,246 Posts

Drawing levels....

Apparently there are some who have not read KL's PDF located on page 1 > Post #1 . BS Trading PDF.. Please see pages #14 and #15...

I would suggest that all who are trying to learn this method of trading do 2 specific things:

1) Read the PDF's that KL has present at the very beginning of this thread. When you are done please reread them again...it will help it sink in!

2) Please review all Sam Seiden's videos....a tremendous amount of knowledge there as well

http://www.fxstreet.com/search/contr...1-e9bf77216d2f

By doing these two actions you will have a solid framework in which to build upon. You simply have to be willing to do your homework. Once you complete this assignment you can then move on to the finer points of this method and possibly develop a framework around what works best for you.

As KL has stated in the past... We all do not trade the same...You will notice, I trade a bit differently from what KL does, as well as many others. The point is, the basic framework allows for the various styles but you must do the homework in order to move in that direction.

TSD

#5,730
May 31, 2013 9:48am May 31, 2013 9:48am

extremerrage
| Joined Jan 2011 | Status: Trader | 201 Posts

hope this can help also ..

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#5,731
May 31, 2013 10:03am May 31, 2013 10:03am

TraderinSD
Joined Feb 2011 | Status: Probabilities, Not Absolutes | 1,246 Posts

Quoting extremerrage

Disliked

hope this can help also .. {image}

Ignored

Excellent example

TSD

#5,732
May 31, 2013 11:28am May 31, 2013 11:28am

oddy
| Joined Jan 2011 | Status: Trader | 9 Posts

hope this can help also ..

Yes extremerrage, This is exactly what I was looking for. Thank you very much.

Thanks, TS, I am a great admirer of Sam and Ken, know all the free stuff, just never saw how to draw the EXACT Lines. It can make a BIG difference in where to enter a trade. And btw it is not mentionned at the pages 14/15 of KL terrific pdf.

#5,733
May 31, 2013 11:37am May 31, 2013 11:37am

oddy
| Joined Jan 2011 | Status: Trader | 9 Posts

And Rami thank you also.

#5,734
May 31, 2013 12:20pm May 31, 2013 12:20pm

TraderinSD
Joined Feb 2011 | Status: Probabilities, Not Absolutes | 1,246 Posts

Quoting oddy

Disliked

hope this can help also .. Yes extremerrage, This is exactly what I was looking for. Thank you very much. Thanks, TS, I am a great admirer of Sam and Ken, know all the free stuff, just never saw how to draw the EXACT Lines. It can make a BIG difference in where to enter a trade. And btw it is not mentionned at the pages 14/15 of KL terrific pdf.

Ignored

Attached File(s)

BS Trading 14.pdf 4.9 MB | 1,914 downloads

Page 14...Please notice: Yellow box... then Green Horizontal line ...then Red Horizontal Line...

KL states: In the White Box

"Candle that leaves the are in strong fashion has crossed the bodies of the previous candles" ..... ( GREEN LINE )
"Lowest wick in the grouping"........ (RED LINE)

This is how you define Demand Area.

KL then goes on to say in the very last sentence in the WHITE BOX... I'll leave that so that you can read it.. I will give you a hint... Entry

Attached PDF is page 14

TSD

#5,735
May 31, 2013 12:53pm May 31, 2013 12:53pm

cfdtaleong
| Additional Username | Joined May 2013 | 724 Posts

Thanks for the information! Just checking if you can assess the vidoes in the link you posted. Been there and got a message saying stream not found..bummer, will snoop around youtube and hope its there

I want more brain power!

#5,736
May 31, 2013 3:38pm May 31, 2013 3:38pm

TraderinSD
Joined Feb 2011 | Status: Probabilities, Not Absolutes | 1,246 Posts

Quoting cfdtaleong

Disliked

Thanks for the information! Just checking if you can assess the vidoes in the link you posted. Been there and got a message saying stream not found..bummer, will snoop around youtube and hope its there

Ignored

Just checked.. Yes I can access without any issues.

TSD

#5,737
Jun 1, 2013 8:32am Jun 1, 2013 8:32am

Dopey
Joined Apr 2005 | Status: Dopey Bastard | 1,568 Posts

Quoting Lou

Disliked

{quote} Dopey, aren't you a poster with another name? Do I recall correctly ?

Ignored

Not on this forum. You remember me from Moneytec.

#5,738
Jun 2, 2013 3:16am Jun 2, 2013 3:16am

Sdprice
| Joined Jun 2013 | Status: Trader | 54 Posts

Can someone help me identify what. Pivot high and pivot low looks like? I understand how to find supply and demand zones and how price moves away from levels. However, pivot highs and lows seem to confuse me for fresh supply and demand levels. Thanks. By the way, how do I become a full member so I can send privte messages? Thanks!

#5,739
Jun 6, 2013 12:14am Jun 6, 2013 12:14am