@ Ultimatus I think it's a good idea to move away from the mindset of a day trader, expecting to make profits in the London and/or US sessions each day like clockwork. Certainly it's the case if looking at 1 hr/4 hour charts, it can take time to ...

B.S. Trading with Kenneth Lee

@ Bullzeye I took those trades yesterday, along with a long on USDCAD. One thing that concerned me is that those large drops in the eurusd and gbusd took place over the xmas break, when a relatively small amount of volume could cause a price move ...

B.S. Trading with Kenneth Lee

Price came close to the weekly demand levels on 4th October 2011 as well as 14th December 2011so it could be argued that it has already approached that weekly level already and soaked up orders. Although it's an arguable point, and with big news ...

B.S. Trading with Kenneth Lee

Hi Anthony, Thanks for the reply. I tend to avoid smaller tfs and their small stop losses because if I'm looking at a 1 hour chart, then I'm going to use the levels I see on a 1 hour chart. I know what you mean about levels within levels on smaller ...

B.S. Trading with Kenneth Lee

R.e. Entering trades-orders vs market entry rules — Here is what I mean-eurusd 5 min chart, price nearly hits the identified supply level at 1.3060 taken from the hourly chart. How would watching the price and using a market order help me ...

B.S. Trading with Kenneth Lee

Entering trades-orders vs market entry rules — Hi all, First off-Happy New year and happy trading to everyoner, I hope everyone has a very successful year. I have a query regarding the methods used to entering trades, and I hope I can explain ...

B.S. Trading with Kenneth Lee

@ Android38 Those levels all look perfect to me, strong unbroken moves away and price has yet to go near them for the first time. Has been v frustrating-have decided not to trade this time of year and prices are all behaving as they should-grrr. ...

B.S. Trading with Kenneth Lee

Anthony, r.e. your 4 hour gbusd chart a few pages back-ask the same question:with that price area, has the price visited it already? With your NZUSD chart h1 chart above, as k yourself the SAME QUESTION. You have correctly (in my book) identified ...

B.S. Trading with Kenneth Lee

Hey Anthony, Keep your chin up! I can give you some feedback on those trades, but then what do I know I've struggled too, and I find it's because I'm hunting for trades, rather than just waiting and taking the really obvious ones. I should add ...

B.S. Trading with Kenneth Lee

Here's my analysis of EURJPY daily chart, using (what I hope) my understanding of the order book, the stack of sell orders that are used up whenever the supply level is hit. Please correct me if I'm wrong! The supply zone is in blue, and it has been ...

B.S. Trading with Kenneth Lee

I can see what you mean with the 1 hour chart-seems like there's a very wide area for SD as the 30/15min chart have good zones but none of them seem to match up with each other. That means a wide stop if you're looking to trade it-think I'll pass.

B.S. Trading with Kenneth Lee

GBUSD SD levels contd... — 5 min chart from post above

B.S. Trading with Kenneth Lee

Don't know if anyone has any thoughts on this. Kenneth states that it's best to enter a trade the first time an SD area is revisisted due to the stack of unused orders left over from when price last moved violently out of that area. As an example ...

B.S. Trading with Kenneth Lee

Phew so it's not just me then.

B.S. Trading with Kenneth Lee

After some big moves yesterday, am finding it hard to find those big candles in a good area. They're appearing everywhere, even in the middle of a move higher/lower, rather than moving away at speed from consolidation zones so not easy day of ...

B.S. Trading with Kenneth Lee

I don't suppose any of the seasoned traders on this could post some charts of swap levels? I think I get them but would like to see how I'm doing or whether I'm going about it the wrong way! Here's the best e.g. I could find on the eurgbp 30 min ...

B.S. Trading with Kenneth Lee

Alright, have sent you a PM

Supply and Demand trading with Fibs

JMCL-here's a current example-USCHF on 30 mins. I haven't marked out the area yesterday where price accelerated away from an area as this has now been broken, although you will see that this area was very good for a 40 pip bounce in price.

B.S. Trading with Kenneth Lee

JMCL If it helps, I would concentrate only on candles in the 30 min time frame, (and higher), where the candles are much larger in body than the others around it. These indicate a strong price reversal and a move out of the price area. These are the ...

B.S. Trading with Kenneth Lee

Missed this longer term short by just 1 pip on EURUSD

B.S. Trading with Kenneth Lee