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- nawlins51 replied Oct 11, 2011
The long area is what concerns me. I will do as you say to CT and watch it turn. Might just pass on longs and hit the short since it is downtrend and go from there until some of this crap is cleared.
B.S. Trading with Kenneth Lee
- nawlins51 replied Oct 11, 2011
Here is a pic for the cable. Just a cluster F$%k.
B.S. Trading with Kenneth Lee
- nawlins51 replied Oct 11, 2011
Ken whats the cable look like to you. To me it looks like poo. A lot of crap on top of crap. I see some zones just not positive about them. This pair has been weird lately.Too me anyway.
B.S. Trading with Kenneth Lee
- nawlins51 replied Oct 11, 2011
Good to know you on board with one. Figured the short is low risk high reward like you been preaching to us. Figured worth a shot. Plus I see it this way. If we are going back down then it will make a lower high staying on course. If it goes back up ...
B.S. Trading with Kenneth Lee
- nawlins51 replied Oct 11, 2011
well I have 9954 marked to short and 9840 to long. Will have to wait on those.
B.S. Trading with Kenneth Lee
- nawlins51 replied Oct 11, 2011
Nice trading. I didn't take the swap. Didn't see a hard rejection when it occurred. Think I will just wait to hit the supply zone above or demand below in your 4th level.
B.S. Trading with Kenneth Lee
- nawlins51 replied Oct 11, 2011
Glad I am seeing this better. I will say this looks like it stalled so may get a shot to hit it short at that level and ride it to the demand zone. Reverse our trade and cash out for the night. Thats my plans and would be sweet for it to work that ...
B.S. Trading with Kenneth Lee
- nawlins51 replied Oct 11, 2011
Oz getting close. Also am I wrong or right seeing a swap level which may not get back to an original TP level. It sure looks like it to me. Price at 9912 is the swap level I am talking about.
B.S. Trading with Kenneth Lee
- nawlins51 replied Oct 11, 2011
You are being plenty of help. You don't realize how much my trading has improved in just a couple weeks because of you. I am starting to see the light. I will take your advice and not stress to much over it. Thanks bro.
B.S. Trading with Kenneth Lee
- nawlins51 replied Oct 11, 2011
I made a great trade last night I posted. But my main problem in the past is letting the winners run like I stated. The real good thing about this method is seeing your target and not waiting for some candlestick formation or a candle crossing a MA. ...
B.S. Trading with Kenneth Lee
- nawlins51 replied Oct 11, 2011
Great advice!!!!! It is a struggle and will practice with it for sure. I can see the TP levels and they get there. What hurts my pride you can say is when I am up 30 pips and give it all back trying to let one run. Then I go negative and it turns ...
B.S. Trading with Kenneth Lee
- nawlins51 replied Oct 11, 2011
KL I am on your level 4. Thats where I am waiting to go long. I feel more comfortable there than level 3. Also want to ask this. Whats the best way to manage the trade? I understand where to take profit but what is the best way to let them run? Do ...
B.S. Trading with Kenneth Lee
- nawlins51 replied Oct 11, 2011
To me that is very important info that is in bold. Thanks KL for posting that. I was wondering last night how to handle that situation and glad you shared with us what should be done. Nice trading also buddy.
B.S. Trading with Kenneth Lee
- nawlins51 replied Oct 11, 2011
This is my updated chart on AU. Added one more level I been staring at. Just starting to wonder if the uptrend has exhausted. Edit. Will say one of the circled areas I may try which is the 9500 level and only reason is because the round number falls ...
B.S. Trading with Kenneth Lee
- nawlins51 replied Oct 11, 2011
Got 30 pips out of this. Was hoping it bust through that crappy supply zone at the top but it was meeting heavy resistance. Took profit. Will look for 1 more trade. 25 to 50 pips a day is good enough for me. So there now. Want a good high reward low ...
B.S. Trading with Kenneth Lee
- nawlins51 replied Oct 11, 2011
Looks good to me. Have an entry line at 70 level and 55 level.
B.S. Trading with Kenneth Lee
- nawlins51 replied Oct 11, 2011
I have my level there also. Not a pro at this but Ken has his there also. Check page 21. He has his levels marked for AU on M30 time frame.
B.S. Trading with Kenneth Lee
- nawlins51 replied Oct 11, 2011
In the AU trade at 9834. Not looking good right now. Hopefully turns soon.
B.S. Trading with Kenneth Lee