Great trades, TSD Your entry, stoploss, and TP were perfect. Can't get any better than that. If we can keep finding similar low-risk trades like that one, with well-defined stoploss and TP, then we'll have succeeded at this supply/demand ...

B.S. Trading with Kenneth Lee

If I may, I think TSD was referring to USD/CHF, Kenneth. I'm looking at the same possible swap area that he was talking about. Your teaching about swap areas, where transfer of control from supply to demand happens, really has helped me to make ...

B.S. Trading with Kenneth Lee

News came out for the Swiss when price reached my intended short entry for EUR/USD. So I waited until price spiked up to the median of my H4 supply zone. Keeping a very tight stop above. Let's see if it retraces back inside the downward daily trend.

B.S. Trading with Kenneth Lee

Good trade, Rufus! Yes, alterchristo, I marked my zone on H4 chart, because that's where the large down move originated a week ago. The lower level, where the market found supply this time (which Rufus sold at), had been touched already once, so I ...

B.S. Trading with Kenneth Lee

If EUR/USD manages to reach 1.2817 area, I will consider a short with tight stop above the daily downward trendline. Target would be towards 1.2733, I think.

B.S. Trading with Kenneth Lee

Thanks for the welcome TSD! I've been to many threads here in the past few years. This one feels the most like the perfect place to be for me. Hope to contribute to it well into the future. What I posted was just a different read on things, in case ...

B.S. Trading with Kenneth Lee

My view on the hourly for USD/CHF. Please, everyone feel free to take me to school on this. Any advise would be greatly appreciated.

B.S. Trading with Kenneth Lee

Hi Kenneth, Rufus, Good Looking, and everyone here. Thank you for a great learning thread. I have committed myself to mastering this trading method, because I believe it to be one of the most sound and logical methods out there. If I'm going to ...

B.S. Trading with Kenneth Lee

Hi folks, I have a question about test bars. I know that a supply test happens at the bottom of a down move, where, after showing demand, the pros mark down price rapidly to see how much supply volume is left in the market. A successful supply test ...

Trade Using VSA (Volume Spread Analysis)

A summary of the current tug-of-war between EUR/USD bulls and bears: 22:42 EUR/USD: Edging Higher On Early Tokyo EUR/JPY Demand Sydney, March 25: Demand for EUR/JPY out of Tokyo has pushed the cross above 132.00 fro a late US low below 131.50 and ...

EURUSD

A little overview of what transpired during previous London and NY sessions that cause price to behave the way it did. This should answer some questions as to why the pair's correlation to equities/futures was weaker than normal. 20:02 GMT March ...

EURUSD

The way I see it, the weekend gap up and subsequent follow through up to test 1.3739 was fueled by leaked information pertaining to Geithner's toxic debt purchase plan. Investors are overall optimistic about the plan, since Geithner himself did say ...

EURUSD

What do long-termers among us think about this view that U.S. Government's QE policies and toxic asset plan will eventually cause runaway inflation and significantly drive money away from U.S. assets/bonds therefore weakening the USD further in ...

EURUSD

Like I mentioned, I don't know how much longer the Euro has before the dollar regains its advantage, but as far as I've studied expert commentaries, it's pretty hard to imagine Europe allowing its currency to strengthen that much (much above ...

EURUSD

Very good points, PSI. I also had this question myself even last week when all this rally was happening. How long will this rally last until the reality sets in for everyone that ultimately Europe is still behind the recession/recovery curve. ...

EURUSD

Nice one. The famous PSI Channel.

EURUSD

What makes you committed to your long bias, F.X.? How are you reading this current down move? Do you see it as impulsive selling into that top-side failure, and therefore the initial long bias remains intact?

EURUSD

In my mind, an overwhelming number of fundamental indicators point towards dollar weakness, and hence Euro strength as we open this week. 1. Nikkei put up huge gains today: up 270 points, obviously buoyed by optimism about the latest U.S. rescue ...

EURUSD

Hi everybody. There's no question that the Fed's decision to inject $1 trillion into the market is initially dollar negative, effect of which we're seeing as traders' first reaction is to move away from soon-to-be-over-supplied dollar. But isn't it ...

EURUSD