Yeah, i'm still in Engulfing was nice extra confirmation for me but just going to be careful to see how it behaves around this resistance.

Ken's Continuing Successes with EO's system

Morning mate. Just taken the "1 O'clock" long on EU. Not my usual sort of setup as not so much confluence but i'm off for a night away shortly so wanted to get a trade in before I go and it's a valid EO setup. Let's see how it goes. Not looking for ...

Ken's Continuing Successes with EO's system

Simple. The two predominantly used moving averages in trading are simple and exponential. The simple average treats each candle/period with the same weighting, and exponential gives more weight to recent candles/periods.

Ken's Continuing Successes with EO's system

It's a good two pence Ken and I have an "EO Hater" file created on my desktop for this very thing. Similarly to Dr M, i'm essentially creating my own "EO hater" trading PDF that will make a great deal more sense to me than any other because I can ...

Ken's Continuing Successes with EO's system

Well that's good news, gives me plenty to look forward to as I pan through the rest of it. I'm closing in on 200 pages now so it's surprising how quickly you can wade through it when you invest a bit of time into it.

Ken's Continuing Successes with EO's system

Without a doubt he's making those big hauls with partial profit bagging. One of the reasons why I prefer talking in equity growth rather than pips. Even then, one man risking 3% will have a much greater return if trading the same way as a man ...

Ken's Continuing Successes with EO's system

Did I not thank you for it? I didn't, did I? Um.....I meant to, sorry Doc image Yeah, I did read it and it made a lot of sense. Thanks for responding! I think his use of stops is the one thing I can't get my head around really. If you are almost ...

Ken's Continuing Successes with EO's system

Some more observation reading the EO thread — I feel i'm dominating your thread at the moment Ken, please PM me to tell me to ease off it's it's getting on your wick...pun intended! Sorry if it is but I get bored between trades and at the ...

Ken's Continuing Successes with EO's system

EU closed for 55 pips, probably closed too early but there was some strong rejection off R1 and with over 4:1 R/R on this, i'm more than happy.

Ken's Continuing Successes with EO's system

I saw that too mate but didn't want to touch it because I am still in my EU trade and GU is ugly today. I have a weird thing about the hanging man trades. I know they are good setups at key areas but there is something about the look of them that ...

Ken's Continuing Successes with EO's system

Thanks mate. Checked GU out this morning and quickly got rid of the screen - urgh! I trade 5 pairs and it means that there is usually at least one pair that is behaving in a nice way. Stop on this was only 12 pips so stop is now locked in at 1:1 ...

Ken's Continuing Successes with EO's system

EU Trade — Still in play on this. Had a quick look at the other TF's but I was able to take this mainly on M15. It's now impossible not to take these trades, especially if the pullback is swift like this two bar pullback. Taking these now is ...

Ken's Continuing Successes with EO's system

LOL! Near enough the same as me then I think. Can must have balls of granite to take the touches off his lines the way he does, unfortunately mine are made of tissue paper

Ken's Continuing Successes with EO's system

Do you take many? I like a confluence touch at the 10 ema into the trend but that's as a holder. These sorts of touches I do do often and they still make my bum twitch a little!

Ken's Continuing Successes with EO's system

No, no, you aren't confused mate! I took that trade but got in a little later than the hammer so didn't get in enough profit to be ready to take it before it reversed. Then, when it came back down, i took the direct touch on the 62 as a retest ...

Ken's Continuing Successes with EO's system

Ahhh, I think you might be talking about the earlier trade at 3295? I got in there as well, lol. My entry was a little late so was holding out at 1:1 but it reversed just before the M15 50 EMA VERY quickly so I waited to see if it would retest and I ...

Ken's Continuing Successes with EO's system

Classic example of why touch trades can be scary and why I generally prefer to let a candle guide me in. I took a touch off the H1 62 ema here and price stalled on her and there was such heavy confluence in the area. my stop was only 10 pips so I ...

Ken's Continuing Successes with EO's system

This is not waffle mate, this explains plenty Like where you were at with the original thread with "struggles" rather than "successes", I am at a stage where I get a great deal of what it's about. I understand most of the setups and can clearly ...

Ken's Continuing Successes with EO's system

EU Prep — Quiet around here today so i'm just going to abuse Ken's thread with my "thoughts out loud!" At the moment, EU is trading under the 10 ma. I have this area of interest marked on my chart in blue. Who knows if price will get there or ...

Ken's Continuing Successes with EO's system

Everything is relative I think. I stupidly started out with a very large account and traded at 1.5%. Even though the risk was acceptable, the amounts involved were difficult for me to deal with - especially as I really had no idea what I was doing! ...

Buildcity's Trading Journal