Odds enhanced — When i first read about S&D i tried looking for levels by eye and then just trading them if i liked what i saw. If price stalled anywhere then it was a level for me. Needless to say that didn't really work. I remember saying to ...

B.S. Trading with Kenneth Lee

Never really realised how long it takes to make these markups until i actually made them. I know i'm a bit late but for what its worth here's what i saw. image image image image

B.S. Trading with Kenneth Lee

After your post i became curious and wanted to see if there was anything on the charts that would hint towards which pair would move more on this trade since the Eur/Usd and Usd/Cad base was created at the same time. We would be looking at the ...

B.S. Trading with Kenneth Lee

I personally don't know of a very effective way to use correlation in short term day trading. One thing i do is to not trade the Eur/usd GBP/usd and Eur/Jpy at the same time (although i tend to stay away from the GBP/usd in general). I also don't ...

B.S. Trading with Kenneth Lee

More odds Enhancers! — More odds enhanced! Supply trade Strength of move: 2 That was a pretty strong drop through what looked to be a good demand level. Risk Reward: 1 I set this trade at 6pm eastern so i had no idea what type of rr it would ...

B.S. Trading with Kenneth Lee

Odds Enhancers! — Had a chance to monitor a trade today as it hit a supply i discovered yesterday. Set my tp at the next demand. Did pretty well. Odds Enhanced Trade! image

B.S. Trading with Kenneth Lee

Be wary of those trades. S1 and S2 are right above a larger timeframe demand. image

B.S. Trading with Kenneth Lee

There's something to be said for taking the time out to properly analyze an instrument. I've missed enough trades during my work hours that would have made just as much money as my pay check. Only reason i'm missing them is because i'm not having ...

B.S. Trading with Kenneth Lee

Missed this. image EDIT: When i say base 2 touched base 1 i'm talking about the pin bar entering into the zone of base 1 EDIT2: TYPO! Meant to say "Based on a base" not "Based a base"

B.S. Trading with Kenneth Lee

Set this last night before family time. image

B.S. Trading with Kenneth Lee

Sorry, i may not have been clear. I'm gonna try to explain it here. I'm talking about the basics only because it helps me explain it better so i hope not to offend you! image A candle represents the price movement of a pair over a period of time. ...

B.S. Trading with Kenneth Lee

image

B.S. Trading with Kenneth Lee

I'll show you why i've chosen this as a base. This is what the chart looked like when i put in the PO. image 1. Candle wics are just as much of a movement of price as the body is so when looking at a base i always take them into account. Wic or ...

B.S. Trading with Kenneth Lee

I don't normally take 5 minute chart trades but since the 1 hour and 30 minute charts just looked like a bunch of clutter at this time of the day it usually means there are tradeable levels on the lower timeframe. I only take levels around 10 pips ...

B.S. Trading with Kenneth Lee

EUR/USD — image

B.S. Trading with Kenneth Lee

I'd say about half my losses end up like that and half are times when price hits my stop, goes 5 or 6 pips and reverses back in the direction i assumed it would have gone. Take a weekend and test it out if you have the time. Could prove to be ...

B.S. Trading with Kenneth Lee

Don't know why i didn't think of this earlier . Thanks for the input.

B.S. Trading with Kenneth Lee

I'll show you what i would have done on those trades. I'm not an expert in anyway. Just a concerned citizen USD/CHF: If you go farther back into the chart the level that was chosen was actually a 2nd touch off a previous level. If this trade was ...

B.S. Trading with Kenneth Lee

UsdCad — image Woulda been a great trade had i been in front of the cpu to take it! Just missed my PO by 3 pips.

B.S. Trading with Kenneth Lee

Same here. I find that having 2 trades on pairs with the same base currency is like having 2 of the same trades on which just ends up doubling risk (BIG NO NO). I also trade during he asian and australian open. I have a regular 9 to 5 and i'm ...

B.S. Trading with Kenneth Lee