Jankone M5 thread | Page 7 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

James16+Rayanmcd(Jan kone) and ME 7 replies

Attachments: Jankone M5 thread
Exit Attachments

Jankone M5 thread

  • #121
  • Apr 21, 2009 12:58pm Apr 21, 2009 12:58pm
And the Tale of the GBPUSD today hehe

This is easy stuff when you are on demo and not getting slipped into oblivion like my broker usually does to me, 4 pip spread on this demo is a bit harsh for GBPUSD , my live account has 3 heh go figure.

1) Chart One - I was going to tap this one countertrend

2) Chart Two - I saw this with the trend coming against me, exited immediately and went long.

3) Chart Three - a nice pin it was too.


This actually is a pretty handy method, but it takes patience, experience and guts to trade it on the 5Min I think, you literally have no time to think about it, I trade 28 pairs intraday from hourly charts so it's a lot different than this.

Enjoying it though.



EDIT - Would you be inclined to exit the CT trade when you see something good coming against it ?

Also it seems to me that when trading against the trend the Pin bars have to be A+++ , like, quality pinbar at a swing high with a long nose,

Whereas WITH the trend they don't have to be as good in terms of shape, because the trend just does it's magic ?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 40 KB
Click to Enlarge Name: gbpusd2.gif Size: 38 KB
Click to Enlarge Name: gbpusd3.gif Size: 27 KB
  • #122
  • Apr 21, 2009 1:03pm Apr 21, 2009 1:03pm
Quoting Jigsaw
And the Tale of the GBPUSD today hehe

This is easy stuff when you are on demo and not getting slipped into oblivion like my broker usually does to me, 4 pip spread on this demo is a bit harsh for GBPUSD , my live account has 3 heh go figure.

1) Chart One - I was going to tap this one countertrend

2) Chart Two - I saw this with the trend coming against me, exited immediately and went long.

3) Chart Three - a nice pin it was too.


This actually is a pretty handy method, but it takes patience, experience and guts to trade it on the 5Min I think,...
Nice charts Jig
I believe . . .
  • #123
  • Apr 21, 2009 2:15pm Apr 21, 2009 2:15pm
[quote=Jigsaw;2684946]And the Tale of the GBPUSD today hehe

This is easy stuff when you are on demo and not getting slipped into oblivion like my broker usually does to me, 4 pip spread on this demo is a bit harsh for GBPUSD , my live account has 3 heh go figure.

quote]

Hey Jig

I notice you have some examples on gbpusd and gbpjpy both of which can have quite a high spread. Baring in mind the tf and the target levels it might be best to focus on pairs with tightest spreads and which trend well - eg eurusd - I think this is mainly what ryanmcd concentrated on.

not had time to do any testing on this yet so observing from afar.

just my 2

cheers

Simon
  • #124
  • Apr 21, 2009 2:38pm Apr 21, 2009 2:38pm
Quoting ajchi
Hi Jigsaw,
I'm interested what Jankone thinks about it but from what I know and feel, I wouldn't call it proper divergency. Reasons:
Hey,

Thanks for your informative post and chart

Yeah I know about the Divergence from swing thing.

The thing is though, if the RSI is a 6 period RSI, doesn't that go back 6 candles or are my a terrible idiot for thinking so ?

Never knew the RSI was set to close, I never use RSI or anything before this hehe.

I wonder what Jankone will say about it.

Regards,
Jig



Quoting simoncs

I notice you have some examples on gbpusd and gbpjpy both of which can have quite a high spread. Baring in mind the tf and the target levels it might be best to focus on pairs with tightest spreads and which trend well - eg eurusd - I think this is mainly what ryanmcd concentrated on.
'Sup Simon ,

Yeah I know what you mean about the spread,

Im only experimenting with the stuff and picking random charts to ask questions on in a way, but your point is taken.

However I am used to trading a lot of pairs, I trade 28 on the hourly charts. So I am just used to picking "the best of the bunch from a technical view"

Maybe I will have to look at EURUSD more often :nerd:

Ok, My charts tomorrow night will be from EURUSD promise, in the memory of Ryan !

Thanks Si,

Regards,
Jig



EDIT - I just saw the .doc of the RyanMCD stuff you posted simon, cheers.
  • #125
  • Apr 21, 2009 3:24pm Apr 21, 2009 3:24pm
Guys guys, you make me really happy ! WELL DONE!

Great charts Jig !

I'll will answer in 20 minutes
  • #126
  • Apr 21, 2009 3:36pm Apr 21, 2009 3:36pm
This is what I see. Seriously, I dont know best setups of indicators etc and some mechanical things. but i know what is working. I don't know if is this correct div, but I would take it.


Quoting Jigsaw
Thoughts Jankone ?

http://www.forexfactory.com/attachme...9&d=1240303682
Attached Image (click to enlarge)
Click to Enlarge Name: pinbar.gif Size: 20 KB
  • #127
  • Apr 21, 2009 3:37pm Apr 21, 2009 3:37pm
Hi Jigsaw,

you're right with the thing that RSI (x) goes just x candles back :-)
Still, we need two points to connect with line to consider it a divergency, so we should go back for more candles.
As an analogy, if we have SMA (10), I would not think we are in up trend if latest value is bigger than previous value of this SMA :-)
Or, if I take it to the edge, if we spot some PA (1 bar), I would not think we have proper signal without seeing history.


Regards,

Ajchi

Quoting Jigsaw
Hey,

Thanks for your informative post and chart

Yeah I know about the Divergence from swing thing.

The thing is though, if the RSI is a 6 period RSI, doesn't that go back 6 candles or are my a terrible idiot for thinking so ?
  • #128
  • Apr 21, 2009 3:57pm Apr 21, 2009 3:57pm
1) no trade for me, anyway not A+ pin , he's good looking, but bad location, he's hidden. No i dont like trade like this.
div is not important now, rule with nice pinbar. There is no pinbar a+.


2) not best pin, vs other bars, but it's with trend, even there is some S/R
With trend it's safer. nice trade, not best, but nice.

3)especially the 2nd pinbar is great trade. really nice pin.great location this is really A+ trade.

Great work man. Yes it takes practice, patience,experience and "self control". You can see my trades, 2 easy setups and 10.100...1000+..whatever you wish, trades, much or less, over and over again same rules. If you can recognize good setups, that you cant be in the long term under 50%. so? Everybody could be profitable trader with this, if he will learn some easy rules.

Quoting Jigsaw
And the Tale of the GBPUSD today hehe

1) Chart One - I was going to tap this one countertrend

2) Chart Two - I saw this with the trend coming against me, exited immediately and went long.

3) Chart Three - a nice pin it was too.


This actually is a pretty handy method, but it takes patience, experience and guts to trade it on the 5Min I think, you literally have no time to think about it, I trade 28 pairs intraday from hourly charts so it's a lot different than this.

Enjoying it though.



EDIT - Would you be inclined to exit the CT trade...
  • #129
  • Apr 21, 2009 4:35pm Apr 21, 2009 4:35pm
Quoting ajchi
Hi Jigsaw,

you're right with the thing that RSI (x) goes just x candles back :-)
Still, we need two points to connect with line to consider it a divergency, so
Quoting Jankone
1) no trade for me, anyway not A+ pin , he's good looking, but bad location,
Strong Czech Republic influence up in this thread !


http://farm1.static.flickr.com/32/40...a6c5f9.jpg?v=0



Ahhhh, wish I had some nice Czech Absinthe with me now. Irish Customs have been harsh on me and I have been getting it hard to import of late though .




Is there any more setups Jankone or is it just that ?

I wonder what Ryan would do if he came back now and saw like a thread dedicated to his methods lol.

Anyone else take any trades today or was it just me ?
  • #130
  • Apr 21, 2009 4:49pm Apr 21, 2009 4:49pm
Ye, Ajchi is a "man of action" ...you know czech beer...we are both strong... he understand:-D


There is only 1 setup remaining, but I dont see it a lot
Anyways I will show this setup .

I have really enough my trades, saved in my pc

I will reveal them + some actual trades.

Good night


Quoting Jigsaw
Strong Czech Republic influence up in this thread !


http://farm1.static.flickr.com/32/40...a6c5f9.jpg?v=0



Ahhhh, wish I had some nice Czech Absinthe with me now. Irish Customs have been harsh on me and I have been getting it hard to import of late though .




Is there any more setups Jankone or is it just that ?

I wonder what Ryan would do if he came back now and saw like a thread dedicated to his methods lol.

Anyone else take any trades today or was it just me ?
  • #131
  • Apr 21, 2009 4:56pm Apr 21, 2009 4:56pm
Hehe,
just my 2 cents to our Absinthe, it is terribly quality but what do you think is burning on the bar? :-DDD





Quoting Jigsaw
Strong Czech Republic influence up in this thread !
Attached Image (click to enlarge)
Click to Enlarge Name: hehe.jpg Size: 298 KB
  • #132
  • Apr 21, 2009 4:57pm Apr 21, 2009 4:57pm
Quoting Jigsaw
Strong Czech Republic influence up in this thread !





Anyone else take any trades today or was it just me ?
I took the 2nd PB trade with the trend on the GBPUSD in your 3rd chart. After sitting there for a few minutes after the entry, it shot up 20+ pips like a rocket!

Jankone, on the "with the trend" trades, what do you shoot for in terms of profit targets. Do you take some off at a certain amount and let the rest ride with the trend? Or do you do it differently?

Thanks again,
b
  • #133
  • Apr 21, 2009 5:33pm Apr 21, 2009 5:33pm
Hi everyone, i'm Matteo, from italy; my english is really really bad, please try to understand what i'll try to say with my words without take care to the grammar :-)

I'm having some trainig with this trading rules..the starting point is recognise the bar, the pinbar. So i've taken a screenshort from today's EURUSD chart. I'd like to have an opinion, from Jankone especially, for the bar 'ive marked with the letters A-B-C-D-E-F. can you please help me?
i know that some of this bars are not good to be traded, but i would like to know why some are tradeble and why some are not.

nice graphs Jigsaw!! :-D
Attached Image (click to enlarge)
Click to Enlarge Name: snapshot25.png Size: 27 KB
  • #134
  • Apr 21, 2009 6:16pm Apr 21, 2009 6:16pm
Quoting ajchi
Hehe,
just my 2 cents to our Absinthe, it is terribly quality but what do you think is burning on the bar? :-DDD


Quoting b-rock
I took the 2nd PB trade with the trend on the GBPUSD in your 3rd chart. After sitting there for a few minutes after the entry, it shot up 20+ pips like a rocket!
Nice trading

Quoting matte
Hi everyone, i'm Matteo, from italy; my english is really really bad, please try to understand what i'll try to say with my words without take care to the grammar :-)

I'm having some trainig with this trading rules..the starting point is recognise the bar, the pinbar. So i've taken a screenshort from today's EURUSD chart. I'd like to have an opinion, from Jankone especially, for the bar 'ive marked with the letters A-B-C-D-E-F. can you please help me?
i know that some of this bars are not good to be traded, but i would like to know why some...
Hey Matteo,

Welcome to the thread !

First of all your english is great

Now, I know you put the Question to Jankone and he will definately give his opinion on it when he sees the question but I just jotted it in what I think of them.

I don't know what chart that is so it's hard to judge in terms of SR.

In terms of how the Pin bars actually LOOK I definately think that . . a . . b . . and e . . Are the best "looking ones" if you get me.

Long nose
Good Close (Closes to the opposite end of the bar)
Looks like it is in an element of space.

Regards,
Jig
Attached Image (click to enlarge)
Click to Enlarge Name: pinbars.jpg Size: 151 KB
  • #135
  • Apr 21, 2009 7:01pm Apr 21, 2009 7:01pm
In my opinion it is important to draw PPZ's just like in the J16 thread. Look at todays 5m EUR/USD chart and notice the importance of the PPZ.

It would help to determine the A+ trades which are the ones from which we can make money.
Attached Image (click to enlarge)
Click to Enlarge Name: pb_eu5.gif Size: 22 KB
  • #136
  • Apr 21, 2009 7:26pm Apr 21, 2009 7:26pm
I see lots of people are strugling with identifying pinbar..
also div..

please anyone post the div indicator and
here is it identifying pin bar
Inside bar
and master candle..


Chers
Attached File(s)
File Type: mq4 ATM_MasterCandle_IB_PB.mq4   10 KB | 1,572 downloads
  • #137
  • Apr 22, 2009 2:42am Apr 22, 2009 2:42am
thanks for you analisys dear Jigsaw; i've put my question just to Jank but it was my mistake..i'm glad to have some others opinion.

-the cross was the USDJPY of yesterday (i've made a mistake in the past post)
-with "nose" do you mean "shadow", it's proper?
-what do you mean with "trend is up"?
-B bar is a doji, not an hammer, but i thing that their meanings are the same, an area in wich buyers are stronger than sellers, so i want trade this king of bar.
  • #138
  • Apr 22, 2009 3:05am Apr 22, 2009 3:05am
traded and stopped on the low of the last candle.
was i in wrong or it was a good trade with a bad end?
Attached Image (click to enlarge)
Click to Enlarge Name: snapshot26.png Size: 14 KB
  • #139
  • Apr 22, 2009 3:11am Apr 22, 2009 3:11am
Quoting matte
I'm having some trainig with this trading rules..the starting point is recognise the bar, the pinbar.
Ciao, Matteo!

It's not just about pinbar, it's also about (a) TREND and (b) LOCATION of pinbar.

Have a look at the chart.

Distinti saluti!
Attached Image (click to enlarge)
Click to Enlarge Name: My_view.png Size: 103 KB
One Chart is Worth Ten Thousand Words.
  • #140
  • Apr 22, 2009 3:11am Apr 22, 2009 3:11am
bitch!
Attached Image
5 traders viewing now