AUDUSD — AUDUSD: patiently waiting :-)

B.S. Trading with Kenneth Lee

Ok, fair point, can't argue with that.

B.S. Trading with Kenneth Lee

Hi extremerrage, Fibo is definitely on the bottom of my check list, however, that said, Demand/Supply traders are by definition "limit-order" or "retracement" traders. So, if I think there is a "Good" supply level, a Fibo just gives me the extra ...

B.S. Trading with Kenneth Lee

Awesome! We're like Pilots ;-)

B.S. Trading with Kenneth Lee

EURUSD — Hi everyone, Here's a EURUSD trade possibly coming soon: Short @ 1.3004, stop @ 1.3024 Coincides with a short-term 61.8% Fibo, a gap, and levels-on-levels supply. Comments welcome! Cheers.

B.S. Trading with Kenneth Lee

GBPUSD 2 — Hi again, Just took this short GBPUSD off the 5-min chart. Nice setup, odds are there.

B.S. Trading with Kenneth Lee

GBPUSD — Hi everyone! Just an interesting picture here on GBPUSD's 30-min chart ... short-term supply levels coincide with the relevant Fibo retracement levels. I'm pretty sure there are 3 scalp opportunities right there :-)

B.S. Trading with Kenneth Lee

GBPUSD — Anyone in on a short GBPUSD at 1.6215 (stop at 1.6235) ? First target aiming for 1.6160. Comments welcome!

B.S. Trading with Kenneth Lee

Hi PeterFX, Thank you for that signal from the session. Indeed it seems to be an important level for GBPUSD - there is a 61.8% Fibo retracement off the 4-hour/1-hour down move from the short-term high. Also, GBPUSD is coming down off the major ...

B.S. Trading with Kenneth Lee

That's right, exactly how I see it. Now, of course this changes money management a little, because sometimes you may have to accept half of the profits with a full set of losses, BUT this will adjust itself when you get those big winners. It's all ...

B.S. Trading with Kenneth Lee

Hi C-12 & PeterFX, I agree, on such a time frame, I'd say max 10pips. More advanced would be: take half off at 10pips, then break-even stop on the other half. If it's a runner (like EURUSD this morning - have a look - it's making new lows as we ...

B.S. Trading with Kenneth Lee

USDCAD — Keeping an eye out for USDCAD. With NFP out today, we'll probably see some volatility.

B.S. Trading with Kenneth Lee

Exactly, GBPUSD had a similar setup. And notice the 2nd trade immediately after ... a short based on the retracement of the breakout box. Double wammy

B.S. Trading with Kenneth Lee

Good morning C-12 ! Awesome trade

B.S. Trading with Kenneth Lee

EURUSD scalp — Hi everyone, Sorry couldn't get this to you sooner, the scalp was on while I was writing this post. Here it is, EURUSD off the 1-min chart, good for a clean 5 pips (so far) for all you scalpers out there.

B.S. Trading with Kenneth Lee

Hi Haydel, Awesome setup! Ahh, too bad for the order. Most importantly, your analysis was correct. Next!

B.S. Trading with Kenneth Lee

GBPJPY — Hi all, Should GBPJPY come back down a little, here's a setup on the 15-min chart: Long at 1.2625, stop at 126.10, target 126.65 Comments welcome! Cheers.

B.S. Trading with Kenneth Lee

Hi nawlin, You're absolutely right, it will be a minimum of 50 pips. We'll get a clearer picture of any demand levels that arise as the pair goes back up there. Cheers!

B.S. Trading with Kenneth Lee

Completely agree, C-12! Speaking of AUDUSD, I think we should all note this one down, maybe for next week: Short AUDUSD at 1.0360, stop at 1.0385, target tbd. Here's a chart. Cheers!

B.S. Trading with Kenneth Lee

Hi Krumpip, Agreed, majors are the way to go. Only warning is GBPUSD, it's a pair that likes to hunt stops, so when in doubt, give some extra room for flucuations. Personally, EURUSD is my favorite on short-term basis. AUDUSD and NZDUSD on a ...

B.S. Trading with Kenneth Lee