image Scalp...Larger TF of the pattern. For me this is what I call a SD Magnet Trade. Simply price in the pattern of Drop-Base-Rise acts like a Magnet drawing price back to the major / higher TF. image We got long with 2 positions. As this is a ...

B.S. Trading with Kenneth Lee

Lets take a look??? Top down>> Monthly: We have a 9821 Supply Level Nov 2010 that is also a S/R line going back to March 2008. Supply was hit in July and Aug 2012 and again in May of 2013. Yes we are trading of the low made in Aug 2011 but since ...

Supply and demand in a nutshell by Alfonso Moreno

Hi IFxRobot.. With all due respect you are making this way to complicated.Yes there are those who will create algo's for purposes of trading.. and that's fine. They have chosen to walk a different path. SD, on the other hand, is a visual ...

B.S. Trading with Kenneth Lee

I would like add to this if I may. Notice that KL is using various forms of price action observations adding to the SD Method. 1) Support and Resistance 2) Big round numbers 3) Fib's This is confluence. FIB's.. A tool that defines price action and ...

B.S. Trading with Kenneth Lee

Hi Traderathome...........TraderinSD here, Here is a brief opinion( to add to your comments )... an excerpt of an article below, of the use of volume for those who still may be questioning ( Many traders, maybe most, totally discount the use of ...

Sonic R. System

Hi Bisecom, I think you might be referring to: " 3) The move back into the Supply level. Extremely strong starting on the 25th and going straight up into Supply. This is what we look for when price returns " Answer .. Yes.. This gives us the best ...

B.S. Trading with Kenneth Lee

Here is an article I found that may help those having difficulty defining what levels are and are not. Searching for the Right Levels Brandon Wendellfile:///C:UsersOwnerAppDataLocalTempmsohtmlclip11clip_image002.jpg Instructor, CMT When we teach our ...

B.S. Trading with Kenneth Lee

image For all those just moving into S/D trading. The above chart, posted previously #5847, is about as classic as it gets. 1) We have a well defined Supply level. See how price left the Supply level. Very aggressive, very obvious, strong drop. 2) ...

B.S. Trading with Kenneth Lee

In keeping with Rufus’s theme: Spot on!! I would add……………… 1)It is very much a decision of risk control as it relates to your trading equity. The down side of trading a demo is you “may” have an unrealistic amount of capital vs. your true equity. ...

B.S. Trading with Kenneth Lee

AUD 30M, Draw your swap level in the area of 9221 top and 9197 bottom. You will then see where price entered around the 9205. Price then retraced short to 9154. Drawing levels can be a little tricky but over time you will become familiar and see ...

B.S. Trading with Kenneth Lee

Here we got short a 2 lot on 1 position. We are entering close to the extreme of the range. When looking at this type of trade we do not need to be at the exact extreme ( ideally it would be nice ) but more important we are close and have the right ...

B.S. Trading with Kenneth Lee

Anatomy of a Trade...This is how I look at the what " MIGHT " be available to trade. I tend to start up in the larger TF and drill down till I see something that may present opportunity. In this particular case the 1M ended up being the TF for the ...

B.S. Trading with Kenneth Lee

image Update on the 10 Million $$ short by Morgan Stanley Previous posts # 5783 and # 5790 Morgan Stanley added a new short EUR/USD position to its macro portfolio via selling $10 million in cash from 1.3310, with a stop at 1.3440, and a target at ...

B.S. Trading with Kenneth Lee

image Went short 2 positions - 2 lots each.. market was moving fast short ..Took my first TP with a 3:1 R/R.... sorry did not have a chance to snap shot the first position. Stops were 8 pips each position.. 24 pips first TP image Second position ...

B.S. Trading with Kenneth Lee

image Long on a 2 lot first position image Long on a 2 lot second position image Price approaching first target image First TP hit 43 pips image Exited remaining trade 10 pips. Basically price just feel apart. TSD

B.S. Trading with Kenneth Lee

image Update from post #5783 Morgan Stanley Sold $10 Million EUR/USD Targeting 1.28

B.S. Trading with Kenneth Lee

TSD

B.S. Trading with Kenneth Lee

Well done !! ...Good to have some company out here. TSD

B.S. Trading with Kenneth Lee

image We entered long on a 2 lot on the 1M. We see price came down almost to the tick on the lower level of the Demand. image Here is the 5M view of why we are trading in this direction. We are trading the Pattern within the Pattern using a ...

B.S. Trading with Kenneth Lee

Ahead Of FOMC, Morgan Stanley Sold $10 Million EUR/USD Targeting 1.28 Here's the link: url image For all those who would seem to question the use of S/D method. Yes, I know, it's hard to believe. .. . . And selling 10M .. just a small ...

B.S. Trading with Kenneth Lee