Pivots are literally irrelevant in this thread. I may be imagining an S/D level when there exist none, but pivots are to be ignored altogether in this method -- I appreciate that. Have a great weekend guys

B.S. Trading with Kenneth Lee

Somewhere in this thread KL has suggested not going below 30M TF to look for S/D levels. I look for S/D levels at 1H charts.. I go to lower TF's to sharpen the width of the level. I think KL's pdf says something on that. In one of Sam Seiden's ...

B.S. Trading with Kenneth Lee

Bullzeye, The same chart as above on my MT4 on EST timezone looks like this.. let me know how does it look now..the demand level Moved my SL above to lock in small profit

B.S. Trading with Kenneth Lee

Here is the 30M chart for the same level.. if you notice, there was a consolidation (bull-bear battle) just below the level. I marked the level (small yellow parallel lines) after drilling down to 15M and 10M (Oanda) time frames and observed that ...

B.S. Trading with Kenneth Lee

Caj, I'll share my understanding that would serve the dual purpose of sharing and validation by experts here. The "origin" of sharp rally from a price level indicates point of highest imbalance in favour of bulls. That indicates victory of bulls ...

B.S. Trading with Kenneth Lee

Long on EUR/USD — Buy PO filled at 1.3324 at demand level

B.S. Trading with Kenneth Lee

USD/JPY — Decided not to trade this third bounce off supply level. It's against the main trend too.. A psychological challenge for the future if price goes on to rally. On a 4H chart, that would mean quite a lot many pips. I am convincing ...

B.S. Trading with Kenneth Lee

EUR/USD demand level around 1.3320 and USD/CHF supply level just above 0.9050 formed. Price is taking rest with Londoners, should feel energized after breakfast. These would be "with the trend" trades. I'm watching :-)

B.S. Trading with Kenneth Lee

I took this long too, off the trend line bounce at the confluence of demand line (the short parallel lines in the chart). Caught some nice pips. Though I missed the AUD/JPY as well, apart from U/J

B.S. Trading with Kenneth Lee

USD/JPY — My pending order was missed very closely (post # 3298). The price actually rallied to the supply zone, within few pips of hitting my order. Though I did catch the opposite moves in E/U and U/C to compensate for the missed trade:-)

B.S. Trading with Kenneth Lee

Bullzeye, That was bull's eye :-) There is a beautiful supply zone on USD/JPY visible on 30M, 1H and 3H on my GMT (BST actually) chart. But I doubt the price will get there in near future in such a bearish mood.

B.S. Trading with Kenneth Lee

Cheers mate!

B.S. Trading with Kenneth Lee

I marked a supply zone (at the arrow) and I took the short as price turned below just before. I closed the trade on small gain as it wasn't moving well enough.

B.S. Trading with Kenneth Lee

Currently short on USD/CHF. Took the first bounce off supply level at 0.9090 though price turned south 8-9 pips before that

B.S. Trading with Kenneth Lee

EUR/USD — Chiba San's query is very good in the larger context. Ken, pls let us know your opinion when you see this. I think EUR/USD may not be so easily coming below 1.3300 level and that's a very strong S/D level.. It looks like a perfect ...

B.S. Trading with Kenneth Lee

Loonie just hit a supply level. Good to short. Sweet divergence against higher highs there too.

B.S. Trading with Kenneth Lee

I do expect E/U to decline to the demand level that I see on my 30M chart. But I couldn't see a good supply level on my chart that you saw maybe coz of time zone difference. Perhaps you are talking about 1.3340 level around which the price has been ...

B.S. Trading with Kenneth Lee

Osman, Yes I see what you mean. Actually I closed my GBP/JPY position at BE (+1 pip) seeing a daily pin bar forming. Bullzeye - thanks for pointing out the swap zone on 4H btw.. the long Aussie trade didn't work out and I was stopped out at a small ...

B.S. Trading with Kenneth Lee

GBP/JPY — Left a pending buy order at 132.30 with SL around 20 pips below. The AUD/USD trade is hardly moving for now.. let's see what happens. Kenneth, Rufus, Bullzeye, How does the demand level (above one in this chart) look to you ? Any ...

B.S. Trading with Kenneth Lee

Just went long with AUD/USD, may be 4-5 pips late.

B.S. Trading with Kenneth Lee