I'm still staring at this trying to get a better feel for it.. The turn of the 1H seems to give a good clue -- we had have a DBLHC which closed across 1.555X before it got retested.. Since so many of the orders come in around the turn or are based ...

Ken's Continuing Successes with EO's system

The more I look at this particular example the less I am sure about what I would have done if I would have seen that fib confluence at the level. I took the short at the 50% fib from the main swing but didn't reverse at the fib on the "micro" swing. ...

Ken's Continuing Successes with EO's system

I think he was looking at the Asian and US lows from yesterday but I would love to hear his answer as well. There was so much going on there in such a hurry. I left a ton of pips on the table, really only got a few trades all morning.

Ken's Continuing Successes with EO's system

Awesome! Even though I know I am nowhere near that level, hearing this stuff is the kind of thing that keeps me motivated to learn as much as possible. Thanks Ken.

Ken's Continuing Successes with EO's system

There are going to be some serious fireworks at the London open if Asia keeps moving this slow

Ken's Continuing Successes with EO's system

I'm not sure if anyone is trading Asia but E/J is headed towards 110.00 which is right where the 1H 62 is, plus some S/R from earlier (and obviously also a round number). If it's showing support off that level I'll take a long, if it breaks and ...

Ken's Continuing Successes with EO's system

What time do you have your charts set to? I really like GMT but I peak at EST a lot too

Ken's Continuing Successes with EO's system

I'm short from the touch but I'd be really surprised if it doesn't come back up at least halfway up that wick so I'm planning to bail and re-enter

Ken's Continuing Successes with EO's system

E/J: This 4H candle closes in 1 minute..

Ken's Continuing Successes with EO's system

LOL, same thing I'm thinking.. I don't trust trailing stops, but I'm getting tired

Ken's Continuing Successes with EO's system

Waited hours for a trade this Asian session.. Just got in short off G/U retest of US highs, and A/U on a 50/50 trade EDIT: correction, A/U was actually 50/62 -- the 15M 50 and the 62% fib level

Ken's Continuing Successes with EO's system

A lot of times price slowly drifts from the US close to the Asian open. Frequently it starts drifting as early as a few hours before the US close. Try this link: url It should bring you to google with a search for: site:forexfactory.com "asian ...

Ken's Continuing Successes with EO's system

Yeah me too.. He has mastered a skill that I really want to learn: Knowing when to scalp, vs knowing when to go for bigger gains. Sometimes he'll close out fully after 10-20 pips, sometimes he'll talk half at 20, sometimes he takes half at 50, ...

Ken's Continuing Successes with EO's system

To me the line in the sand was 109.00 (looking at the 15M chart you can see the PPA there from earlier, plus RN, TL, etc), when it couldn't get past that I added back on to my position. If it closes above 109 I'll probably reverse.

Ken's Continuing Successes with EO's system

Yeah it really isn't all that bad as a learning tool. It lets you stay profitable even when you aren't sure how that particular trade should be managed. I remember reading this on the EO thread.. it was almost like watching one of those scenes in a ...

Ken's Continuing Successes with EO's system

I hope someone is there with me on these .. Clean setups

Ken's Continuing Successes with EO's system

Awesome charts from the weekend Ken. I really appreciate them and I'm sure everyone else does as well. Also: I can vouch for this, describes me perfectly.. I take 1/2 off after 20 way more then I would like, probably 60-70% of the time. I am getting ...

Ken's Continuing Successes with EO's system

Nope, looks like we're ranging around this area; I don't think there's enough traders left to see anything move big.. Another slow Friday afternoon.. Might be best to never trade after NY lunch on Fridays, I've lost trades like this before at this ...

Ken's Continuing Successes with EO's system

If anyone is still trading here's an E/J setup brewing.. first chart is 15M, second chart is 4H. On the 15M chart you can see the yellow PPA line that price has been playing off of. From the bottom of that trendline we were swinging up nicely, then ...

Ken's Continuing Successes with EO's system

You are absolutely correct in saying that you need to look for additional confluence when taking the trades. The no wick thing is because if you see a momentum candle heading for the edge of a range, a lot of times it means that the candle is going ...

Ken's Continuing Successes with EO's system