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Kenneth Lee replied Feb 7, 2012On the attached chart I have drawn a demand zone in pink and it also shows the demand zone you used for your entry at A in white. Would you treat your white demand zone as fresh and ignore the pink one one now? No it has been hit many times it is a ...
B.S. Trading with Kenneth Lee
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Kenneth Lee replied Feb 7, 2012Hi Ken,, Can you please explain why you took the short highlighted in blue? The nearest supply I can see is boxed in pink but price seems far from it. Was this the zone you were trading? url Also you trade on point A, how do you know when to stop ...
B.S. Trading with Kenneth Lee
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Kenneth Lee replied Feb 7, 2012Yes it was not fresh would not have placed a PO . I trade manually don't use many po's I watch price action at the different levels to decide my trades, I also scalp and don't always hold for the opposite level. My goals are small so my trading is ...
B.S. Trading with Kenneth Lee
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Kenneth Lee replied Feb 7, 2012if anyone is wondering all those MA's are from the old EO thread Trade what you see not what you expect , Just have never removed them from my entry chart. Guess i should never use them anymore. All my trades revolve around S/D levels whether they ...
B.S. Trading with Kenneth Lee
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Kenneth Lee replied Feb 7, 2012Ok here, Off to breakfast and a bike ride .
B.S. Trading with Kenneth Lee
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Kenneth Lee replied Feb 6, 2012This isn't the idea I am trying to teach you guys , But when it is safer to scalp than hold it does add up. over 50 pips today off 6 trades . 100 pips a week is over 20% for me . Just food for thought. Ken Think tomorrow or tonight will have some ...
B.S. Trading with Kenneth Lee
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Kenneth Lee replied Feb 6, 2012should have placed a po at 140. but did scalp it for 12 late entry Have to leave for work . if I had got the 140 entry would have moved to BE and left it . It is hard to take those second entries after a failure but we must keep in mind that when it ...
B.S. Trading with Kenneth Lee
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Kenneth Lee replied Feb 6, 2012yes it has been tough It is why a lot of times i will wait for some decent movement and big candles before committing to any long term trades unless i am already in one from friday.
B.S. Trading with Kenneth Lee
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Kenneth Lee replied Feb 6, 2012I use 30 min charts , sorry should have said that
B.S. Trading with Kenneth Lee
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Kenneth Lee replied Feb 6, 2012draw a line at 1.0684 on oz , 120.53 on gbp/jpy , those were levels on levels that worked out great, the lower levels had very little draw down. Is it worth just catching those few better entries ? Might be better for your nerves, They both should ...
B.S. Trading with Kenneth Lee
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Kenneth Lee replied Feb 6, 2012Yes i took one other short around 3122 , But was in that scalping mind set and didn't like the price action that was happening and bailed with 1.5, If I had waited for that level Only, would have stayed more than likely as it has a decent ...
B.S. Trading with Kenneth Lee
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Kenneth Lee replied Feb 6, 2012grabbed a couple more scalps on e/u off that big green candle , shorted at the levels on the 30 min but took the profits fast as it aint worth fighting a big move now as it slows we look for it to maybe push a bit higher for a fresh level short 3140 ...
B.S. Trading with Kenneth Lee
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Kenneth Lee replied Feb 6, 2012and rarely would i want a 20+ pip stop on a scalp, Without clear r:r
B.S. Trading with Kenneth Lee
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Kenneth Lee replied Feb 6, 2012The e/u was a scalp in the planning stages because of the near perfect double bottom which shows the down trend is near finished or is done , On this time frame chart anyway.
B.S. Trading with Kenneth Lee
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Kenneth Lee replied Feb 6, 2012Just been scalping so far, Waiting on better Price Action Chart should say Can't have a turn with OUT it, Sorry still asleep.
B.S. Trading with Kenneth Lee