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James16+Rayanmcd(Jan kone) and ME 7 replies

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Jankone M5 thread

  • #41
  • Apr 17, 2009 8:16am Apr 17, 2009 8:16am
I trade eurusd,eurjpy,gbpusd,usdjpy.
because low spreads.

Quoting hoss
Any other pairs you are using this on? Or just GBP 5 minute?
  • #42
  • Apr 17, 2009 8:17am Apr 17, 2009 8:17am
No man, there is no div, there is no pinbar, check again #1 and check your charts :-)

Quoting Rastaman
I see....LoL

Just could not get my head around that chart as there is no trade on it.

So, he took the SHORT at the divergence point A as in my example here?
  • #43
  • Apr 17, 2009 8:17am Apr 17, 2009 8:17am
Quoting Jankone
I use sma 50 and ema 21, some posts later, I will explain how to trade with MA .:-)

1) there is no div, but nice pin
2) there is no div too, but nice pin too
3) no trade probably

Check my trades with divergence
It's a rule, if you want to trade againts trade YOU HAVE TO TRADE WITH DIVERGENCE OR YOUR ACC WILL BLOW
Ah lol,

I never really use divergence tbh, is it only from say . . swing low to swing low that you calculate it from ?
  • #44
  • Apr 17, 2009 8:18am Apr 17, 2009 8:18am
thanks for helping man, this evening I will add some 1st setup trades (ct div pin) and add 2nd setup
Yes, it's pin with trend:-)

Quoting mihaig78
Hope i am not spoiling anything here. here is a trade i just took with the second setup from ryan: pullback to the band, pin bar with trend. hope you don't mind jankone.
  • #45
  • Apr 17, 2009 8:20am Apr 17, 2009 8:20am
Hey man,
I'll give you an adress, where I've learned really great things, even divergence, check this out.

http://www.babypips.com/school/diver...eat_sheet.html

Quoting Jigsaw
Ah lol,

I never really use divergence tbh, is it only from say . . swing low to swing low that you calculate it from ?
  • #46
  • Apr 17, 2009 8:54am Apr 17, 2009 8:54am
There are another great trades.
It's simple - Once again

1st rule = if you trade against trend, you must see A+ pin bar and A+ divergence, if you see div but no pinbar or pinbar but no div = YOU DONT TAKE TRADE.


http://img4.imageshack.us/img4/5267/eurom5yi9.gif

or

http://img206.imageshack.us/img206/6...gpodobeiba.gif
  • #47
  • Apr 17, 2009 9:32am Apr 17, 2009 9:32am
Hello,

I have made an EA, but as I don't understand how is selected the point A, I take the previous bar higher/lower than upper/lower band, to then find if there is a divergence with the RSI.
Attached File(s)
File Type: mq4 RSI PinBar Divergence EA v101.mq4   21 KB | 1,994 downloads
  • #48
  • Apr 17, 2009 9:34am Apr 17, 2009 9:34am
Good work Jankone on starting this - Ryanmcd will be proud.
So far these are just his CT trades - are you going to introduce the others? (or am i jumping the gun)

Are you using a set target for your exits? Gut feel? trailing stops?

Ps I have all of Ryanmcd's rules collated in a doc if you want them - not in the greatest order as i have not used this stuff yet. But I always intended too once i got more proficient at PA. I am sure you will have all his stuff from the J16 thread, but if not let me know.

Great to see you stuck with it all this time!!
  • #49
  • Apr 17, 2009 10:22am Apr 17, 2009 10:22am
I have his material from j16=) but if you have this in doc, post it !
I will introduce the others, stay tuned !

exits - usually +- 15 pips ( a few ticks under/upward ema21 is usually great target for ct traders, but you need to find your own style) or S/R (ppz) or round numbers etc..

Quoting simoncs
Good work Jankone on starting this -...
  • #50
  • Apr 17, 2009 11:30am Apr 17, 2009 11:30am
Quoting Jankone
I have his material from j16=) but if you have this in doc, post it !
I will introduce the others, stay tuned !

exits - usually +- 15 pips ( a few ticks under/upward ema21 is usually great target for ct traders, but you need to find your own style) or S/R (ppz) or round numbers etc..

cant stop reading .. i am intresting and want more to read Thanx jakone
Attached Image
Never sell @ lower upward channel unless breacked and vise versa .
  • #51
  • Apr 17, 2009 11:36am Apr 17, 2009 11:36am
I hope it's demo :-)
Check once again pls how the "pinbar " looks like.
And notice , my trades with pin div are usually at swing low / high...
(it's good for you, it gives you bigger % of probability)

and why so big sl, I use SL usually at high/low of the pinbar, why should I lose more money
Quoting WedWed
cant stop reading .. i am intresting and want more to read Thanx jakone
  • #52
  • Apr 17, 2009 11:41am Apr 17, 2009 11:41am
Quoting Jankone
I hope it's demo :-)
Check once again pls how the "pinbar " looks like.
And notice , my trades with pin div are usually at swing low / high...
(it's good for you, it gives you bigger % of probability)

and why so big sl, I use SL usually at high/low of the pinbar, why should I lose more money

Jankone for all clearfication... its demo
Never sell @ lower upward channel unless breacked and vise versa .
  • #53
  • Apr 17, 2009 11:46am Apr 17, 2009 11:46am
Quoting Jankone
I hope it's demo :-)
Check once again pls how the "pinbar " looks like.
And notice , my trades with pin div are usually at swing low / high...
(it's good for you, it gives you bigger % of probability)

and why so big sl, I use SL usually at high/low of the pinbar, why should I lose more money

Jankone for all clearfication... its demo

i learn from this trade
1-( i have to trade pinbar ONLY not other reverse pattren )
2- and SL @ H/L pinbar


hope this correct .. thanks again my friend
Never sell @ lower upward channel unless breacked and vise versa .
  • #54
  • Apr 17, 2009 11:54am Apr 17, 2009 11:54am
ask yourself, is good pinbar? is it even pinbar? No = rule #1 - div but no pin = no trade

is it at swing low / high (like my trades are?) no

make homework,and search in your charts for really GOOD and BEST setups like what I've posted. It will oper your eyes, you will be excited.


Quoting WedWed
Jankone for all clearfication... its demo

i learn from this trade
1-( i have to trade pinbar ONLY not other reverse pattren )
2- and SL @ H/L pinbar


hope this correct .. thanks again my friend
  • #55
  • Apr 17, 2009 12:08pm Apr 17, 2009 12:08pm
my friend Jankone .. you said " div are usually at swing low / high... "

i got confuse.. what i did is DIV ..

i think div like your pic
Never sell @ lower upward channel unless breacked and vise versa .
  • #56
  • Apr 17, 2009 12:14pm Apr 17, 2009 12:14pm
http://www.babypips.com/school/diver...eat_sheet.html

Divergence + pinbar or no trade, Check #1 again.

you had div, but no pin :-)


Quoting WedWed
my friend Jankone .. you said " div are usually at swing low / high... "

i got confuse.. what i did is DIV ..

i think div like your pic
  • #57
  • Apr 17, 2009 12:18pm Apr 17, 2009 12:18pm
Quoting Jankone
http://www.babypips.com/school/diver...eat_sheet.html

Divergence + pinbar or no trade, Check #1 again.

you had div, but no pin :-)

you told me befor about PinBar i got it .. my trade was no bin bar so it must not trade ..


but i want to ask about DIV .. is my divergance is okay ??
becase u said " div are usually at swing low / high... "

thank in advance
Never sell @ lower upward channel unless breacked and vise versa .
  • #58
  • Apr 17, 2009 12:31pm Apr 17, 2009 12:31pm
Quoting WedWed
Jankone for all clearfication... its demo

WedWed, here's the trade to take
Attached Image
One Chart is Worth Ten Thousand Words.
  • #59
  • Apr 17, 2009 12:32pm Apr 17, 2009 12:32pm
Thanks, you are faster than I am:-))

Quoting Forex007
WedWed, here's the trade to take
  • #60
  • Apr 17, 2009 1:13pm Apr 17, 2009 1:13pm
Quoting Forex007
WedWed, here's the trade to take
Agree on the trade being one of the setups, but it´s a TC, no countertrend. What you´re showing on RSI is hidden divergence (sign of trend continuation).

RM
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