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Kenneth Lee replied Jan 9, 2012I have never looked at this thread But it has some good information within the first 10 or so pages ( as far as I have got) Plus you should see the relationship to S/D trading. The part on post 10 is interesting, Some trade management. Ken url
B.S. Trading with Kenneth Lee
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Kenneth Lee replied Jan 9, 2012And now we can see that OZ had come up to a supply level. But we have made a new high , on the 30 min swing chart. But even if we THINK price will continue up , we at this point are still in a down trend off higher charts. But we will look for a ...
B.S. Trading with Kenneth Lee
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Kenneth Lee replied Jan 9, 2012Yes , As we posted over the weekend taking what are Counter trend trades against higher time frame levels , can be the hardest part , But I find on my 30 min levels They will React to some point if not a huge move. But even if the daily demand is ...
B.S. Trading with Kenneth Lee
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Kenneth Lee replied Jan 8, 2012All I can say is when counter trend trading . Take profits quick. WE look for entries to a strong trend off shallow pullback levels. So that should also lead the way on tp'ng on CT trades. It is harder for longer term traders to CT trade or even PO ...
B.S. Trading with Kenneth Lee
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Kenneth Lee replied Jan 7, 2012If you choose a level you expect it to hold if not why did you pick it ? I do want them to turn of course but they don't always . But if it is even a decent level it will almost always give you a chance to get out. A good level will normally move ...
B.S. Trading with Kenneth Lee
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Kenneth Lee replied Jan 7, 2012A lot of people will trade just one pair as they become comfortable with the price action it shows. I know a bunch that trade only cable I lean towards OZ a good deal. There is no right or wrong it still comes down to the one idea that we should ...
B.S. Trading with Kenneth Lee
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Kenneth Lee replied Jan 5, 2012Good levels and target off the larger time charts Can't really see them on the 30 min Oanda will not scroll back far enough. .9465 may give you fits going back short may be a good spot to cover a short. .9490 as well
B.S. Trading with Kenneth Lee
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Kenneth Lee replied Jan 5, 2012Yes I did, do see it , But My preferred trading time chart is the 30 Min and I will trade INTO a counter level on longer chart, a lot of times because I know that price will go to those levels.
B.S. Trading with Kenneth Lee
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Kenneth Lee replied Jan 5, 2012if you don't like that there is just one candle in those levels switch to a 15 min and there will be 2 LOL or 5 min and there will be 6.
NOISE ,,,,,B.S. Trading with Kenneth Lee
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Kenneth Lee replied Jan 5, 2012But with lower lows on this time frame chart makes it a CT trade so just a scalp
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Kenneth Lee replied Jan 4, 2012I feel OZ is going higher but was happy with the gains and now I can go do something else.
B.S. Trading with Kenneth Lee
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Kenneth Lee replied Jan 4, 2012the key to using different time frame charts together is to always line up the trends , the more that the time frames agree the safer and lower risk the trade. If they don't agree. look for the larger trend and levels to show you the way. it is a ...
B.S. Trading with Kenneth Lee
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Kenneth Lee replied Jan 4, 2012If you want to make this as complicated as you can it is possible. The statement . The lower time charts have more noisy , is the fact that for each 4 hr candle there are 8, 30 min candles WITHIN Each 4 hr candle or 16 15 min and 48 5 min candles. ...
B.S. Trading with Kenneth Lee