Jankone M5 thread

True. And in my opinion losing money is the best way to learn So we all need to lose some to get some.

BTW. Im curious what happend with this guy Ryanmcd.

I make money on TF h1/h4/D1 because have 2 years practice on big TF but now i need to learn trade m5/m15/m30 TF and CT if this trade on rules make profit too ( USE PPZ, S/R for exit), EUR/USD screen CT in FLAT zone with SWING low 3 trades yesterday.

Sorry for my bad english, mates

On Screen Shoots 3 PB CT with no div, but i trade all 3 PB because i see Cluster Delta x volume ( its GREAT for PB on swing low/hight) and have +10 pp +1pp and + 23 pp. I Trade Eur/jpy h4 too. Here i use rules limit on 50% PB, but use sl in +1 pips very much early and have +1 pips ^_^.

Screen can't upload now, use links


http://prntscr.com/1sj147
http://prntscr.com/1sj18k
http://prntscr.com/1sj19t

Today E/u Nice div, nice pin, upper BB but lose) CT is danger) I Think it's be nice on rules, but not luck today)

http://prntscr.com/1t5f42

Trade all 3 pins eu today 1 stop 2 profit. +18 pip total

http://prntscr.com/1t5m9t

Today usd/jpy and eur/jpy. UJ not have div but nice pin on swing = no trade
EJ have bad div on swing = no trade too or i neet to trade this?

What your think about this?

http://prntscr.com/1t6ab4 UJ

http://prntscr.com/1t6al4 EJ

Anyone know what i cant upload image in messadge? Have this error http://prntscr.com/1t6aqj

Thanks!

I avoid taking CounterTrends Unless Its a A+++ Pin Bar as well as it is Formed at Horizontal Daily Support/Resistance lines.

As its a strong movement down, better to sit on fence

Guys I have recently started trading based on Jankone and RyanMCD trading strategy. Please feel free to correct me if you find my understanding to be corrected.

15 Min Chart
Gold Trade
Nice A+++ PB
BB and 21 EMA Sloping Down
Nice 1:1.5 Risk Reward

5 Mins Chart :
Gold Trade :
Spike Small PB formation at BB middle and 21 EMA :
Slope slightly in Downward Direction :
Nice 1:2 Risk Reward in the way

Not sure if the attached was a correct setup as per Jankone/Ryanmcd strategy.
The direction, BB, 21 EMA was fantastic but the Price action candle wasn't PB or Engulfing or Spikes..
Wondering if there is some reversal pattern which I am missing.

15 Mins GBP/USD
BB Middle and 21 EMA sloping down
1:2 Risk Reward

5 Min GBP/USD chart
BB Middle line and 21 EMA sloping down
Engulfing Bar Reversal
1:1.5 Risk Reward

Lukaszmiami, where is Ryanmcd.. even I have same question.. wherever he is .. wish that he is enjoying...
For past one month I am practicing his strategy on 5 Min and 15 Min.. Looks very promising..
How is other guys experience so far.. Please share !!

5 Min EUR/USD
BB Middle and 21 EMA sloping down
Spikes Occurence and A+ Grade PB formation
1:2 Risk Reward !!

5 Min USD/JPY
BB Middle and 21 EMA sloping Up
A+++ grade PB
Looked for 1:1.5 Risk Reward.. Trade Failed
1:1 was possible but wasn't around to lock it or BE the trade

nice catches all of your charts

btw, what is the spread of gold in your broker?

do you mind telling me what is the broker you are using?

I also catch the gold chart, but didn't take the trade as the spread is 60points 1323.10/1323.70

Thanks.. still learning

I use AxisTrader broker..

The spread across all brokers is more or less same..

For Gold it is 4-5 Pips..

Sometimes not enough patience to allow trade to take its course.

15 Min USD/JPY
BB Middle and 21 EMA sloping down.. Spikes formation
Early Trade Closure.. Risk Reward 1: 0.5 taken and exited..
But 1.5R was possible later..

I find Counter Trend positions very risky. Reward is normally 1R but I find CounterTrend success very low probability trade.
But Jankone seems to be mostly able to pick up fantastic CounterTrends

5 Min Gold Trade
Valid Divergence
A+++ PB
Trade Failed.

Hi JPraveen,

Nice trades you do. But wanted to add that last chart pin bar is not A+++ it was not even a pin bar. You need to look how it open and close, and in your last example pin bar close even above opening and it is not in previous bar. Check in this thread at the beginning how different looks A+++ pin bars.
But other way you are doing really good work.

Thanks Dzero, this is an interesting and important observation and appreciate you to drawing my attention to this fact.

The Pin Bar has to open and close within the previous bar.

Cheers!!