image Price was not able to push past this area. Eventually turning back down..Closed out second leg at break even plus 1 pip.. As of this writing price has come back down and retested the upper trend line were price original broke long. My ...

B.S. Trading with Kenneth Lee

image Took off my first lot at this stall area. ( Partial ) 9.90 pips. Price seemed to be stumbling. Will see how the second leg holds up. TP is still the supply area. Moved SL closer to break even.

B.S. Trading with Kenneth Lee

image Trade now moving into first stall point (look left) .. We should see a second stall just a little higher as well.

B.S. Trading with Kenneth Lee

image Took this long on a break out of the triangle formed at the base of what looks like a Drop>Base>Rise pattern. Entered with 2 lots with the TP at a supply area of 1.2769

B.S. Trading with Kenneth Lee

My SL was hit on this short. I see my mistake.. My short was not taken at a fresh level.. Just did not see it.. Mental error .. errrr ... an educational opportunity TSD

B.S. Trading with Kenneth Lee

image We are short with a 2:1 R/R. Overall price in down trend. TSD

B.S. Trading with Kenneth Lee

[quote=bootsyjam;5280100] As an example-here's how I see GBUSD. Good supply level coming up at 1.5473. But fore me it's not an A1 trade. Yes price moved violently there, but go back just 1 tf to the daily (and you can see it on the 4H chart ...

B.S. Trading with Kenneth Lee

Good stuff here bootsyjam, I seem to have one stumbling block with the SD method. You addressed this very well in your remarks but I still have one question? Let me start by saying I understand looking for that VIOLENT move. I additionally look for ...

B.S. Trading with Kenneth Lee

I understand what you mean. Very good points. I would agree that trading with the trend would seem to up the odds in your favor but again, this is not a trend trading method to be sure... Interesting quandary. Maybe KL can shed some light in this ...

B.S. Trading with Kenneth Lee

Good point TSD

B.S. Trading with Kenneth Lee

Thanks... Unfortunately the trade did not go my way. Oh well... that’s trading. One item concerns me... Previous price action to the set up area was definitely up. Overall trend was up with higher highs and higher lows (conventional wisdom). I’m ...

B.S. Trading with Kenneth Lee

image will just catch the next one. Maybe a swap area trade?

B.S. Trading with Kenneth Lee

image 15Ma This chart shows us a couple of things. 1st Zone is still a good zone but one could argue that moving the Demand area to arrow B might be the better pick for the 15M as price really took off from their. Such is the difficulty with TF's. ...

B.S. Trading with Kenneth Lee

image 15M View..Again arrow B shows a solid push up out of the Demand area and looking left to arrow A, we see a break of the pivot high were the Demand area looks to have started.. But lets take a closer look at this previous pivot. On this TF ...

B.S. Trading with Kenneth Lee

image 30M View... We see that upper arrow pointing to a good Demand area. Arrow below shows the Demand area but not as good as the upper arrow. We see current price moving sideways .. So hopefully will see a RISE,BASE,DROP pattern. The white line ...

B.S. Trading with Kenneth Lee

image On the 1 HR chart we see the 1st Zone much better w/ lots of Balance coming out of the Asain session, then that strong push up on the London Open..1st Zone now looking better. 2nd Zone still seems to be in play as well, with a RISE, BASE, ...

B.S. Trading with Kenneth Lee

image Short the Swissy..As you can see we got in a little late.. Yes you could call it chasing the trade, I would.. Was in route and thought I would get there before the trade touched the zone.. yeah right, some much for that idea ..LOL. In any ...

B.S. Trading with Kenneth Lee

Agreed on both areas. The 9465 area might be the right call.. Will give price some room to play but not alot. Thank you for the response KL TSD

B.S. Trading with Kenneth Lee

KL My target for the USD/CHF short is the 9427 area ? Am I seeing this right? Thanks again TSD

B.S. Trading with Kenneth Lee

KL Additionally on the USD/CHF 4H and 30M show for good set up as well. You had mentioned a confluence on multi time frames create the best set up. Correct? Thanks again TSD

B.S. Trading with Kenneth Lee