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James16+Rayanmcd(Jan kone) and ME 7 replies

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Jankone M5 thread

  • #81
  • Apr 19, 2009 9:46am Apr 19, 2009 9:46am
Quoting Jankone
if you are going to trade every bar, sooner or later you will delete your acount. Look at many fakes.
I can see only 2 setups, one ( it's safer, because it's with trend) and last, my trade.
you are pro in this case , it needs some experiment and skill for a success in this way (finding a true pinbar needs to try some month and stay with charts and see & see bars reaction to get some experiment and skill)
  • #82
  • Apr 19, 2009 9:53am Apr 19, 2009 9:53am
Yes, it's something hard to explain, but I'm trying....
you need to make your own rules and test it. Look for your setups in chart history etc. great start are trend trades, m5 pinbars with trend are really nice setups. Or j16 , there you will understand what is good price action setup and what isn't. Then add 2nd setup = countertrend with div. Then you will learn how to manage trade and 1st of all,how to manage your mind.
this is great method, it works in every market, in every timeframe, I trade sometimes m15. But not higher. It's like poker, watch my last trade... I didnt play 2-10 cards, I play only J-Q-K-A. If you are going to play 2-10, you will quit this, trading or poker. same point.



Quoting 919
you are pro in this case , it needs some experiment and skill for a success in this way (finding a true pinbar needs to try some month and stay with charts and see & see bars reaction to get some experiment and skill)
  • #83
  • Apr 19, 2009 9:53am Apr 19, 2009 9:53am
I think the whole entry system needs explaining a little more clearly.

Things are bit sketchy in here.

I know Jankone is trying his best to explain his system but it is not comming over that clearly.
Starting to see instead of just looking.
  • #84
  • Apr 19, 2009 9:56am Apr 19, 2009 9:56am
Quoting Jankone
if you are going to trade every bar, sooner or later you will delete your acount. Look at many fakes.
I can see only 2 setups, one ( it's safer, because it's with trend) and last, my trade.
hi jonkone

would you please posts more charts and examples ...it 's educational for this thread's newbies...

happy trading
  • #85
  • Apr 19, 2009 9:57am Apr 19, 2009 9:57am
no problem man,
could you give me an inpiration what do you need to explain?
I will work on it.

Quoting Rastaman
I think the whole entry system needs explaining a little more clearly.

Things are bit sketchy in here.

I know Jankone is trying his best to explain his system but it is not comming over that clearly.
  • #86
  • Apr 19, 2009 10:30am Apr 19, 2009 10:30am
Jankone!
Congratulations to find Your way!
I trade higher TFs mainly, but if I understand, Your TP is about 1:1.
Is Your hit rate is over 70%? I mean just the live trades with 2% You take.
I had a friend who had 65-70% hit rate with about 1:0,9 RR.
He retired, now.
THX,
NL
  • #87
  • Apr 19, 2009 10:32am Apr 19, 2009 10:32am
Sup Jankone,

1) Questions about setups on charts.

2) Those EMA's define the trend right ?

3) What do you do about a) Watching the charts all day, b) Getting slipped / requoted.

4) Do you wait for the bars to break and market order, do you wait for the bars to break and already have a buy sell stop in place (if you can put it in) or do you just enter on the close of the setup candles.

4) Do you have PPZ, Trendlines, Psych levels, Fibs, on your charts as well as they would give a nice indication of where the counter trend orderflow would come in, or do you just think this is unnecessary ?

5) Whats your money management for this type of thing ?

King Regards,
Jig
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  • #88
  • Apr 19, 2009 10:36am Apr 19, 2009 10:36am
Quoting Jankone
Tommorow i will add another great trades, 2nd setup and some more info !
good night guys.

thank you for sharing these pearls...i am looking forward to the other two setups. So simple!
  • #89
  • Apr 19, 2009 11:59am Apr 19, 2009 11:59am
what is your idea about this ?

as you sed best target is a few pips under or upper of em 21 our our skills , i preffer to have risk reward at least 1:1.5 in this kind of setup it is under 1:1 , dou you know another way to choose better target ?
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  • #90
  • Apr 19, 2009 1:31pm Apr 19, 2009 1:31pm
Yep, it's great. I said it works every market, every timeframe.
Daily charts are on j16. Here I'd like to post m5

Quoting 919
what is your idea about this ?

as you sed best target is a few pips under or upper of em 21 our our skills , i preffer to have risk reward at least 1:1.5 in this kind of setup it is under 1:1 , dou you know another way to choose better target ?
  • #91
  • Apr 19, 2009 1:32pm Apr 19, 2009 1:32pm
There are already 2 setups added
#1 and #61
Yep, it's simple.

Quoting StarChild
thank you for sharing these pearls...i am looking forward to the other two setups. So simple!
  • #92
  • Apr 19, 2009 1:35pm Apr 19, 2009 1:35pm
yep, 60-70%.
1:1 , sometimes 1:1,5 / 2
possible is 70-80%, with great discipline


Quoting lacika
Jankone!
Congratulations to find Your way!
I trade higher TFs mainly, but if I understand, Your TP is about 1:1.
Is Your hit rate is over 70%? I mean just the live trades with 2% You take.
I had a friend who had 65-70% hit rate with about 1:0,9 RR.
He retired, now.
THX,
NL
  • #93
  • Apr 19, 2009 1:47pm Apr 19, 2009 1:47pm
1- chart . 1st setup no trade, no div. you see, stay disciplined and you save your money. 2nd is perfect. I'm sure I would trade this
3) no trade - no div , and trend was down ( or trying down, but no div)

2) yes, but as I said. It's good sometimes for PT or pin with trend in ema 21 is great setup too.
3) I trade 3-4 hours per day ( clean mind and stay focused)

4) I'm a little agressive,i enter the trade on close of last bar (my pinbar)
I like it, because a lower SL usually.

5) i use pivot indicator and ppz too. round numbers are great too.
and If there is a daily setup, it gives you a better chance if you wait for some trend signal

6) MM is your choice, personally i use 1% risk yet . I'm still learning this and I want to feel OK with my trades.
For new people is great demo and then 0,2% or 0,5%. But you know, it's about personality.

Quoting Jigsaw
Sup Jankone,

1) Questions about setups on charts.

2) Those EMA's define the trend right ?

3) What do you do about a) Watching the charts all day, b) Getting slipped / requoted.

4) Do you wait for the bars to break and market order, do you wait for the bars to break and already have a buy sell stop in place (if you can put it in) or do you just enter on the close of the setup candles.

4) Do you have PPZ, Trendlines, Psych levels, Fibs, on your charts as well as they would give a nice indication of where the counter trend orderflow would come...
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  • #94
  • Apr 19, 2009 2:27pm Apr 19, 2009 2:27pm
Quoting Jankone
There are already 2 setups added
#1 and #61
Yep, it's simple.
Got cha! Thanks..waiting now for third!
  • #95
  • Apr 19, 2009 8:24pm Apr 19, 2009 8:24pm
Jankone,

Thankyou for your responses above,

Can you give me your definition of trading with the trend ?
  • #96
  • Apr 20, 2009 12:45am Apr 20, 2009 12:45am
It's on #61
Quoting Jigsaw
Jankone,

Thankyou for your responses above,

Can you give me your definition of trading with the trend ?
  • #97
  • Apr 20, 2009 10:14am Apr 20, 2009 10:14am
ive get it in my real account and lost money
i think because of pinbar is not in top and right place , is it true ?
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  • #98
  • Apr 20, 2009 10:32am Apr 20, 2009 10:32am
i like this thread. i would stick here for a while. thank you Jankone
  • #99
  • Apr 20, 2009 10:41am Apr 20, 2009 10:41am
1st of all : WHY REAL? how many trades did u trade on demo with this method? this is not fun, it's business. Why did you use a big sl, why? Why did you waste money?

It was not bad setup, but not A+.You are right.but this is happening sometimes especially with CT. It's not 100%.






Quoting 919
ive get it in my real account and lost money
i think because of pinbar is not in top and right place , is it true ?
  • #100
  • Apr 20, 2009 10:42am Apr 20, 2009 10:42am
Quoting 919
ive get it in my real account and lost money
i think because of pinbar is not in top and right place , is it true ?
First off it looks like your chart is missing some data so your indicator is probably wrong. Second, that's not the strongest looking candle to be playing a divergence. Third, I don't know Jankone's rules but I'd rather not play a countertrend divergence on a strong day like today. Fourth, have you tested this method? Why are you trading it live?
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