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- PeterXXIII replied May 2, 2012
Congratulations on your awesome results. May I ask how many trades these results include and how many/which timeframes? Just curious... Look at the chart for my view on EU... Peter image
B.S. Trading with Kenneth Lee
- PeterXXIII replied Apr 24, 2012
I only dashed the lower level to make it look different from the other one, it has no additional meaning. I could have called them levels A and B as well. Look at the chart for consumption explanation... Peter image
B.S. Trading with Kenneth Lee
- PeterXXIII replied Apr 24, 2012
I would absolutely agree when you say the higher supply level (which is also RBD and not DBD) is the safer entry. But that does not mean that price is less likely to retrace from good levels below. Maybe if you would have looked at it like in the ...
B.S. Trading with Kenneth Lee
- PeterXXIII replied Apr 23, 2012
EURUSD trade — But there was a great and easy to take EURUSD short trade on friday. May also continue south for a while... Peter image
B.S. Trading with Kenneth Lee
- PeterXXIII replied Apr 23, 2012
I would not take a trade from the level you have drawn on EURUSD: - Look to the left. There is no clearly defined base. It's very messy there, there was a lot of trading and price was in balance for a long time. So, no reason to believe that there ...
B.S. Trading with Kenneth Lee
- PeterXXIII replied Apr 19, 2012
I think the point with your failed GBPUSD level is that price hit a massive weekly level today. Look at the weekly chart below... You should never try to fight bounces from these kinds of levels. This is a perfect example for how important it is to ...
B.S. Trading with Kenneth Lee
- PeterXXIII replied Apr 19, 2012
Well done! Better than bailing out with a few cause of the big red candle reentering the level, and then watching it making an easy 5:1 reward. But learning to bail with dignity is also important. Peter image
B.S. Trading with Kenneth Lee
- PeterXXIII replied Apr 17, 2012
Discussion — What do you think when you look at the EURUSD M30 chart? 1. After the good rejection at level A and the HH from that move, would you treat level B as valid and fresh? 2. Or would you merge A and B for a new level C, or would you ...
B.S. Trading with Kenneth Lee