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Kenneth Lee replied Mar 8, 2012The lower entry line on oz was 1.0665 was hit almost spot on , If you look at a fast chart you can see how it had to STRETCH to hit it then fell back quickly and price couldn't get there again. YET , But each attempt will use up more of that supply
B.S. Trading with Kenneth Lee
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Kenneth Lee replied Mar 8, 2012I will almost 100% of the time will take a entry off the 4 hr levels as they will almost always at least bounce , especially when with the trend . Oz had made a lower low and this would be the spot for a great lower high. it has already BOUNCED over ...
B.S. Trading with Kenneth Lee
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Kenneth Lee replied Mar 8, 2012There is a small level at 1.0626 had a decent move away from it and with this strong long move might be worth a shot , but could give way easy so be prepared to bail.
B.S. Trading with Kenneth Lee
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Kenneth Lee replied Mar 8, 2012woke up a bit late , but see OZ reached the 4 hr supply level , Now to see. I missed the entry so have to wait to see if it forms new swings for a short or take a long off the 30 min chart or hrly chart. about 1.0610 is a good spot that is confirmed ...
B.S. Trading with Kenneth Lee
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Kenneth Lee replied Mar 8, 2012when I look for swings I look at the close of the candles. I have this mental Idea about what is going on behind the screen, From watching Price Action as it hits levels. i tend to think that large trading concerns. Don't have pending orders sitting ...
B.S. Trading with Kenneth Lee
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Kenneth Lee replied Mar 8, 20125 That was a news candle and rejected very well. They happen so quickly that they do push through the levels at times but i look at how they reject. When that candle went thru the level my spread was 30 , No way to enter on it and didn't want to . ...
B.S. Trading with Kenneth Lee
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Kenneth Lee replied Mar 7, 2012another tiny trade , I may not post them all. but the key is that all trading revolves around supply and demand levels.
B.S. Trading with Kenneth Lee
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Kenneth Lee replied Mar 7, 2012if anyone is wondering the way i figure my pips needed each week is simple math. For me it is nice to see how few i really need to achieve this goal. plus 4 20%'s a month doubles a account. equity X 1.20 = ???? ????? - current equity = gain goal ...
B.S. Trading with Kenneth Lee
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Kenneth Lee replied Mar 7, 20125670 is NOW the lower level, best rejection should be seen there. 5717 was the lower one I marked on the chart and was talking about yesterday .
B.S. Trading with Kenneth Lee
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Kenneth Lee replied Mar 7, 2012Nice to see you , hope all is well.. Cheers Ken
B.S. Trading with Kenneth Lee
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Kenneth Lee replied Mar 7, 2012here is my latest struggle.. LOL sorry was asleep when i typed it up. so pretty messy.
B.S. Trading with Kenneth Lee
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Kenneth Lee replied Mar 6, 2012May wait for the next one . this has been a strong move like to use up some of the sell orders so next level on level will be stronger maybe the wrong move but feel it will be safer if we get some swing changes higher high I will look for a long off ...
B.S. Trading with Kenneth Lee
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Kenneth Lee replied Mar 6, 2012you can i never do , we get to many false breakouts, yes the rejection wasn't great and the price stayed to long, one reason i also bailed . but I had set the risk and should have let it play out . My main concern and what i look for isn't so much a ...
B.S. Trading with Kenneth Lee
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Kenneth Lee replied Mar 6, 2012it doesn't mean you don't take those trades you just should look to protect your equity a bit sooner . or take the trade as a scalp then re enter on the first swing change. look for the higher high then enter on the following higher low. This is ...
B.S. Trading with Kenneth Lee
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Kenneth Lee replied Mar 6, 2012I missed the gbp trade at 1.5800 answering all these questions .
it is all good might not have taken it anyway after messing up the trade last night need to be careful not to revenge trade. But it did look good .B.S. Trading with Kenneth Lee
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Kenneth Lee replied Mar 6, 2012I only trade one Market . Spot Forex, But if your good at marking your charts with all the relevant information . longer term levels as well as can SEE the trend in place . you can wacth a good deal of pairs. But i tend to only follow about 3 or 4 , ...
B.S. Trading with Kenneth Lee
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Kenneth Lee replied Mar 6, 2012When we see strong moves and we are reaching the bottom of major swings your demand level was at the bottom on this chart we take care as it is testing that low for a move further down. if your demand level was higher up you would stand a better ...
B.S. Trading with Kenneth Lee
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Kenneth Lee replied Mar 6, 2012The intial stop should have only been 15 or so. You would move stop to be at the first TP but after it crosses that first TP we move it to just above that 1st TP. , because that is now a new supply level, So we aren't risking all our gains. But one ...
B.S. Trading with Kenneth Lee