GENERALLY INFO
I hope guys, each of you know one thing.
THIS IS PROVIDED ONLY FOR EDUCATION, IF YOU TRADE THIS WITH REAL MONEY, IT'S ONLY YOUR RISK.
There are simply rules :
Timeframe is m5 ( or m15)
it's about price action and trading one bar. it's bar called " pin bar" it looks like this >
If you want go short >
and for long >
one setup is about trading with trend,
one setup is about counter trend ONLY with RSI divergence.
RSI is 6, blue line is ema 21, red line is sma 50.
1st is easy , 2nd is much easier
Simple rule : everything you need is trend and nice pin.
(note if there is div too, in trades, it's usually A+++)
or
If you trade GOOD pinbars and use GOOD money management, you earn money. You can imagine what happens with your account if you trade this and you know what's money management. I'm sure you know coin flip theory : for easy example Head = you win 200 $, tail you lost 100$. You will be +- 50% winner, after 100 flips you win . 50x 200 $ win, 50x lost 100$ = you earn 5000$. It's same point with trading pinbars, they gives you an edge.
With some skills after time, it's easy to have 50% winners. and with same style, you make money.
Living your dream, doing everything you want.
You are profitable trader.
I can show you and learn you my style, my trades, buy you need to learn, how to be a good trader.
update 24/10/09
Strategy for an imagination :
There are 2 easy rules - pinbar with trend or pinbar + div against main trend. If you want to make money, don't think about it, just do it.
Strategy is your mind.
OK, let's imagine your system.
You trade VERY NICE and best pinbars with trend, your SL is 0,5% of your account ( good for begin) and your tp is 1 %.
SL is under/above of the low/high of the pinbar, tp is unique usually (for example last lows, round numbers, S/R levels or just fix 1%, )
If you are only around 50% winners, you make money.
Same with CT trades ( counter trend) - pinbar+div.
same SL let's say 0,5 % again for beginning, TP 1st s/r, or fix 1% even ema21 is good TP.
again if you are +- 50% win, you make money.
If you will trade some little crappy bars, more doji or some choppy pinbars, you will screw up. You need to train with demo or trade on small account.
Time frame is m5 (sometimes i trade m15)
Don't try to watch 50 markets, it works everywhere yes, but STAY FOCUSED, eur/usd, gbpusd,eurjpy and usdjpy are good because low spread. If you don't know what's divergence or the pinbar, just learn it, it's the easiest thing to learn. Your fear, greed and impatience is 10x stronger.
If you want to success, you will success.
It starts in your mind.
Successful man is searching for the ways how to reach his goal.
Unsuccessful man is searching for exluses, why he can't reach his goal.
in over time, it makes BIG difference.
__________________
update 22/04/09
Guys,
This is pure gold. in trading you need to control your money, your trading plan and CONTROL YOURSELF. I am sure, you can do everything you want to do.
If you have more than 50% win trades (and it is not hard with this material), you are profitable. After some months with this, you will understand, that more important is one thing. Don't spend 85% time with charts, looking for best indicators or super cool new trading system or whatever you do. Spend your time to your psychology. Reveal yourself. Trading systems usually works - but traders don't. Their minds are full of emotions (greed,fear,impatience etc.)
What is important? Test your system, whatever you trade. AND STAY WITH YOUR SYSTEM. I can tell you, since I trade one system, I'm profitable. Something wrong was only in my mind, not in trading system.
This M5 trading system can't be easier than it is.
You have to realise = It's all about TRADER, not about trading system.
I'm not really thinking about my "pinbars or divergence". I know how it looks like, but I need to fight with my dark side - you know, and clear my fear, greed and stay cool.
IT IS NOT ONLY ABOUT PINBARS/DIVERGENCE , M5 OR H1..whatever you wish, IT IS ABOUT YOUR MIND... !
P.S. I hope you understand. Trade under text can be for somebody great trade and +2%. For somebody 0 and even for somebody a losing trade. Why?Is it bad system? NO, it's a trader.
16-4-09
Everything you need, is simple trading system, desire for success and great thinking about trading.
One man, changed my life, his name is Ryanmcd and this thread is dedicated to him, with humility, I'd like to continue, what he did start and I want to follow his way, step by step and make great business with his method.
Since I saw his method, I'm totally excited about his great system and I believe in my trades 100%. I trade his style more than 7 months and I've changer from a nonprofitable trader to profitable.
There is,what i said to Ryanmcd.
Sep 23, 2008 8:10pm
Jankone
Right decision.good luck man, you give me BIG idea. I want to train this as hard as i can.
you dont need to post anymore, because it's still the same point, over and over again! I realise this.
Thanks for all
now
I'd to put some my older posts.
There are 2 simple setups
1st) - simple rules - Against trend, called "counter trend"
There must be rsi divergence and great pin bar (caller hammer somewhere)
example here
There you can see great setup - great pinbar, very nice divergence, great trade.
It's for example 1st setup, continue tommorow.
:-)
I hope guys, each of you know one thing.
THIS IS PROVIDED ONLY FOR EDUCATION, IF YOU TRADE THIS WITH REAL MONEY, IT'S ONLY YOUR RISK.
There are simply rules :
Timeframe is m5 ( or m15)
it's about price action and trading one bar. it's bar called " pin bar" it looks like this >
If you want go short >
and for long >
one setup is about trading with trend,
one setup is about counter trend ONLY with RSI divergence.
RSI is 6, blue line is ema 21, red line is sma 50.
1st is easy , 2nd is much easier
Simple rule : everything you need is trend and nice pin.
(note if there is div too, in trades, it's usually A+++)
or
If you trade GOOD pinbars and use GOOD money management, you earn money. You can imagine what happens with your account if you trade this and you know what's money management. I'm sure you know coin flip theory : for easy example Head = you win 200 $, tail you lost 100$. You will be +- 50% winner, after 100 flips you win . 50x 200 $ win, 50x lost 100$ = you earn 5000$. It's same point with trading pinbars, they gives you an edge.
With some skills after time, it's easy to have 50% winners. and with same style, you make money.
Living your dream, doing everything you want.
You are profitable trader.
I can show you and learn you my style, my trades, buy you need to learn, how to be a good trader.
update 24/10/09
Strategy for an imagination :
There are 2 easy rules - pinbar with trend or pinbar + div against main trend. If you want to make money, don't think about it, just do it.
Strategy is your mind.
OK, let's imagine your system.
You trade VERY NICE and best pinbars with trend, your SL is 0,5% of your account ( good for begin) and your tp is 1 %.
SL is under/above of the low/high of the pinbar, tp is unique usually (for example last lows, round numbers, S/R levels or just fix 1%, )
If you are only around 50% winners, you make money.
Same with CT trades ( counter trend) - pinbar+div.
same SL let's say 0,5 % again for beginning, TP 1st s/r, or fix 1% even ema21 is good TP.
again if you are +- 50% win, you make money.
If you will trade some little crappy bars, more doji or some choppy pinbars, you will screw up. You need to train with demo or trade on small account.
Time frame is m5 (sometimes i trade m15)
Don't try to watch 50 markets, it works everywhere yes, but STAY FOCUSED, eur/usd, gbpusd,eurjpy and usdjpy are good because low spread. If you don't know what's divergence or the pinbar, just learn it, it's the easiest thing to learn. Your fear, greed and impatience is 10x stronger.
If you want to success, you will success.
It starts in your mind.
Successful man is searching for the ways how to reach his goal.
Unsuccessful man is searching for exluses, why he can't reach his goal.
in over time, it makes BIG difference.
__________________
update 22/04/09
Guys,
This is pure gold. in trading you need to control your money, your trading plan and CONTROL YOURSELF. I am sure, you can do everything you want to do.
If you have more than 50% win trades (and it is not hard with this material), you are profitable. After some months with this, you will understand, that more important is one thing. Don't spend 85% time with charts, looking for best indicators or super cool new trading system or whatever you do. Spend your time to your psychology. Reveal yourself. Trading systems usually works - but traders don't. Their minds are full of emotions (greed,fear,impatience etc.)
What is important? Test your system, whatever you trade. AND STAY WITH YOUR SYSTEM. I can tell you, since I trade one system, I'm profitable. Something wrong was only in my mind, not in trading system.
This M5 trading system can't be easier than it is.
You have to realise = It's all about TRADER, not about trading system.
I'm not really thinking about my "pinbars or divergence". I know how it looks like, but I need to fight with my dark side - you know, and clear my fear, greed and stay cool.
IT IS NOT ONLY ABOUT PINBARS/DIVERGENCE , M5 OR H1..whatever you wish, IT IS ABOUT YOUR MIND... !
P.S. I hope you understand. Trade under text can be for somebody great trade and +2%. For somebody 0 and even for somebody a losing trade. Why?Is it bad system? NO, it's a trader.
16-4-09
Everything you need, is simple trading system, desire for success and great thinking about trading.
One man, changed my life, his name is Ryanmcd and this thread is dedicated to him, with humility, I'd like to continue, what he did start and I want to follow his way, step by step and make great business with his method.
Since I saw his method, I'm totally excited about his great system and I believe in my trades 100%. I trade his style more than 7 months and I've changer from a nonprofitable trader to profitable.
There is,what i said to Ryanmcd.
Sep 23, 2008 8:10pm
Jankone
Right decision.good luck man, you give me BIG idea. I want to train this as hard as i can.
you dont need to post anymore, because it's still the same point, over and over again! I realise this.
Thanks for all
now
I'd to put some my older posts.
There are 2 simple setups
1st) - simple rules - Against trend, called "counter trend"
There must be rsi divergence and great pin bar (caller hammer somewhere)
example here
There you can see great setup - great pinbar, very nice divergence, great trade.
It's for example 1st setup, continue tommorow.
:-)
