True PA trading using MA's for S/R

KENNETH_LEE · October 10, 2009, 4:43pm

Inverted Hammer From Candlesticker.com

KENNETH_LEE · October 10, 2009, 5:11pm

Inverted Hammer chart

KENNETH_LEE · October 10, 2009, 5:51pm

Let’s not forget the Hammer

KENNETH_LEE · October 10, 2009, 5:52pm

And the Hammer Chart

KENNETH_LEE · October 11, 2009, 10:01am

and Now the last of the reversal signals…

KENNETH_LEE · October 11, 2009, 10:02am

And the Engulfing Signal

KENNETH_LEE · October 11, 2009, 10:04am

and DBHLC and DBLHC These Jpg’s are from the James 16 thread with some added text from this thread by EO. Done by me so don’t blame EO…LOL

KENNETH_LEE · October 11, 2009, 10:22am

IB and OB chart (Harami and Engulfing)

KENNETH_LEE · October 11, 2009, 11:29am

Summary of Reversal Signals

KENNETH_LEE · October 11, 2009, 12:06pm

Where are we Now ?

clode · October 12, 2009, 10:41am

Hi Ken,

I’m impressed about your work… It’s really helpful.

Thank you

KENNETH_LEE · October 12, 2009, 1:40pm

The last trades we take

husky_1 · October 12, 2009, 2:31pm

The post above looks to have some great info, but I can barely read it. Does anyone else have that issue?

KENNETH_LEE · October 12, 2009, 2:52pm

When I get it all done it wil be put ona pdf which will be better.

husky_1 · October 12, 2009, 3:03pm

Thanks for breaking it up Ken much easier to read. On the 1/5oclock trades, i assume you are looking for the alignment on the 15m. Where would you put your S/L? below the latest MA, or would it be below a PA S/R area?

KENNETH_LEE · October 12, 2009, 3:34pm

I will posting the chart of those trades today or tomorrow…

KENNETH_LEE · October 12, 2009, 3:34pm

35/50 cross trades

husky_1 · October 12, 2009, 3:48pm

Thanks for the 35/50, it looks like you used a few pips below the wick. I assume if the stop was more than 35, then the trade may not be valid because it could actually be an extension and not a reversal trades (based on the 35 pips past the 50 rule).

KENNETH_LEE · October 12, 2009, 3:54pm

62 EMA touch Trade

KENNETH_LEE · October 12, 2009, 3:59pm

Not sure what you mean by bold area…

If the price closed more than 35 pips past the Ma’s If I took the trade my stop would be very tight 10 or 15 … Or I might pass depends on how that next candle open if it just continued I would pass. With time you will be able to see how price is acting pretty quick …