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James16+Rayanmcd(Jan kone) and ME 7 replies

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Jankone M5 thread

  • #161
  • Apr 22, 2009 8:35am Apr 22, 2009 8:35am
Quoting Jigsaw
Cool, will look at it when I get a chance.
These are Ryamcd-style trades. Excellent ones, with RR3.

http://www.forexfactory.com/showpost.php?p=2686630&postcount=2426



http://www.forexfactory.com/showpost...postcount=2430
One Chart is Worth Ten Thousand Words.
  • #162
  • Apr 22, 2009 8:52am Apr 22, 2009 8:52am
i would take this CT with divergence on EURUSD, but this time a stay at the window. let's see how it ends.
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  • #163
  • Apr 22, 2009 8:53am Apr 22, 2009 8:53am
very bad, already stopped! :-) i was lucky this time, i didn't took this trade.
  • #164
  • Apr 22, 2009 9:00am Apr 22, 2009 9:00am
Quoting Jigsaw
I took a demo loss on this as well, I'll post charts at the end of the day on my days trading.

If you were picky you would have to say :

- Nose was not long enough

- Did not close within the previous candle.

However if you look at other pairs you see that the USD showed signs of weakness there and I was kind of surprised that it did not work out.
i took a real loss
today all of my positions hits my stop loss
Attached Image(s) (click to enlarge)
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  • #165
  • Apr 22, 2009 9:30am Apr 22, 2009 9:30am
i'm short on this GBPUSD. it's ok or another mistake?
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  • #166
  • Apr 22, 2009 9:58am Apr 22, 2009 9:58am
Quoting matte
very bad, already stopped! :-) i was lucky this time, i didn't took this trade.
You were not lucky, you were wise

Trading is not about being lucky
One Chart is Worth Ten Thousand Words.
  • #167
  • Apr 22, 2009 10:00am Apr 22, 2009 10:00am
Quoting 919
i took a real loss
today all of my positions hits my stop loss
Today was UK budget day - trading GU was a no-go (unless you were a bank )
One Chart is Worth Ten Thousand Words.
  • #168
  • Apr 22, 2009 10:00am Apr 22, 2009 10:00am
Quoting matte
i'm short on this GBPUSD. it's ok or another mistake?
I mentioned earlier that today was big UK news day (annual budget). Trading GU today was suicidal for new traders.
One Chart is Worth Ten Thousand Words.
  • #169
  • Apr 22, 2009 11:36am Apr 22, 2009 11:36am
Hey guys, I'm afk today sry, I'll answer asap.

You are doing great.

(don't be sad about losing trades today. Sometimes it happens, look at strong fundies at main page http://www.forexfactory.com/ )
  • #170
  • Apr 22, 2009 12:28pm Apr 22, 2009 12:28pm
Today I took this trade, and made 10 pips.... is it OK?
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  • #171
  • Apr 22, 2009 12:33pm Apr 22, 2009 12:33pm
and this one for another 10 pips, which was not perfect one, as the Pin bar wasnt great....
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  • #172
  • Apr 22, 2009 1:07pm Apr 22, 2009 1:07pm
Quoting iht76
and this one for another 10 pips, which was not perfect one, as the Pin bar wasnt great....
This one is not a pin!
  • #173
  • Apr 22, 2009 2:26pm Apr 22, 2009 2:26pm
Quoting Azuremaster
This one is not a pin!
why not? theere is a "nose" and the open and the close are < of the previous bar high ... dont see anything wrong apart that the nose is a little bit shorter..
  • #174
  • Apr 22, 2009 2:45pm Apr 22, 2009 2:45pm
Quoting iht76
why not? theere is a "nose" and the open and the close are < of the previous bar high ... dont see anything wrong apart that the nose is a little bit shorter..
It has a large lower shadow -> this is a high wave candle.
  • #175
  • Apr 22, 2009 4:27pm Apr 22, 2009 4:27pm
Hey Jankone,

thanks for starting this thread. I love the divergence/PA setups, I did some manual backtesting on this and it looks sexy I will try to post some charts later.

Good trading!
Tyler
  • #176
  • Apr 22, 2009 6:36pm Apr 22, 2009 6:36pm
I would NEVER EVER trade that pinbar without being broken to the downside. A pinbar always needs to be broken.

Everyone who is new to the term pinbar, please go the J16 thread! The only way to master the 5m chart is if you can master the daily and 4hr imo.

And remember, overtrading is asking for trouble. Focus on the A+ trades.

Quoting matte
i would take this CT with divergence on EURUSD, but this time a stay at the window. let's see how it ends.
  • #177
  • Apr 23, 2009 2:36am Apr 23, 2009 2:36am
Great method!I have took 30 pips !http://www.forexfactory.com/attachme...1&d=1240472115
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  • #178
  • Apr 23, 2009 3:57am Apr 23, 2009 3:57am
another good one for +10 in EURJPY... same setup happened in CADJPY but I missed it
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  • #179
  • Apr 23, 2009 6:14am Apr 23, 2009 6:14am
a nice pinbar and a div ~ the price did hit my target limit line . This trade just took me 20 mins .wonderful !
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  • #180
  • Apr 23, 2009 8:58am Apr 23, 2009 8:58am
Thank you Jankone for starting this thread. I'm still a beginner in Forex and your method allowed me to learn and lot and level up, so to speak

Attached is the 1st setup I saw this morning. EUR/USD bounced off a strong resistance at 1.3077, confirmed by divergence and a pin. Beautiful setup.

-Tyler
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