Jankone M5 thread | Page 10 | 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

  • #181
  • Apr 23, 2009 10:40am Apr 23, 2009 10:40am
round numbers, S/R . I take fully profit. I'm not a long term trader. 10-30 pips is usually enough for me

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!

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
  • #182
  • Apr 23, 2009 11:06am Apr 23, 2009 11:06am
Hey man, this is what i see.

A - trend is down. nice pin but no div - no trade
b- div , pin, trade. A+
C - not best pin, bad position, no trade
d - more doji than pin. no trade
e - it's not best position, even not best pin. small nose - no trade
f - small pin, no div, trend is again down, no trade
g- (E again in your chart) trend is changing up, no div. but pin = no trade.


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 are...
Attached Image (click to enlarge)
Click to Enlarge Name: snapshot25.png Size: 52 KB
  • #183
  • Apr 23, 2009 11:08am Apr 23, 2009 11:08am
Yep, it's working everywhere:-)

Quoting artov
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.
  • #184
  • Apr 23, 2009 11:10am Apr 23, 2009 11:10am
oh nice, you are good man :-D

Quoting Forex007
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!
  • #185
  • Apr 23, 2009 11:13am Apr 23, 2009 11:13am
SL under pinbar's low is sometimes important in CT trades.
But you need to test it. Sometimes is good to have little SL, because if it is a strong setup, you have fast profit in bank. but if your trade with pin got no power, better to take a little loss and wait for other.

Quoting matte
bitch!
  • #186
  • Apr 23, 2009 11:15am Apr 23, 2009 11:15am
be careful man and be selective, really little pin
Play pinbars only like JQKA, not 2-10, it's like poker.

Quoting matte
ok guys, i'm sorry for the bad word.
i've traded this one..pinbar good and good also the divergence.
what's your opinion? it was EURJPY
  • #187
  • Apr 23, 2009 11:17am Apr 23, 2009 11:17am
usually evening. CET time 17:00. so it's USA session

Quoting scarlet
Hi Jankone what session/time do you usually trade this system?
  • #188
  • Apr 23, 2009 11:22am Apr 23, 2009 11:22am
Hey man,
yep it's great.
If you have some btest results you can post them with charts.
I'm curious about it.

Quoting greenBarret
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
  • #189
  • Apr 23, 2009 11:24am Apr 23, 2009 11:24am
Really impressive charts.
Quoting onmyself
a nice pinbar and a div ~ the price did hit my target limit line . This trade just took me 20 mins .wonderful !
  • #190
  • Apr 23, 2009 11:26am Apr 23, 2009 11:26am
Nice trade. Sometimes, it's screaming " Hello, I am here, you pinbar, come and trade me"
you are welcome.

Quoting greenBarret
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
  • #191
  • Apr 23, 2009 11:57am Apr 23, 2009 11:57am
Hi Jankone. i'll try to make a summary:

WITH THE TREND

-if we have an up trend, we look for hammers on the mid bollinger band, and we trade them; under the mid bollinger band or under the 21 EMA we don't take any trade.

-if we have a down trend, we look for shooting stars on the mid bollinger band, and we trade them; over the mid bollinger band or over the 21 EMA we don't take any trade.

COUNTER THE TREND

-if we have an up trend, we look for shooting stars on the top bollinger band + divergence on RSI, and we trade them.

-if we have a down trend, we look for hammers on the top bollinger band + divergence on RSI, and we trade them.

it's ok? have i understood the guide lines?
  • #192
  • Apr 23, 2009 12:03pm Apr 23, 2009 12:03pm
nothing is 100%.but still open.
Attached Image (click to enlarge)
Click to Enlarge Name: eu now.gif Size: 11 KB
  • #193
  • Apr 23, 2009 12:04pm Apr 23, 2009 12:04pm
is this good?(EURUSD) pinbar, divergence. it's countertrade, i'm on it..
Attached Image (click to enlarge)
Click to Enlarge Name: snapshot33.png Size: 25 KB
  • #194
  • Apr 23, 2009 12:05pm Apr 23, 2009 12:05pm
hey, my same trade! :-D how are you going to manage it?
  • #195
  • Apr 23, 2009 12:49pm Apr 23, 2009 12:49pm
It's really strong trend.
I'm 0. go +6 or 7 then reverse.
It's strongly trending.
This is a risk of "CT" trading :-)
anyway nice trade, can't miss this.

Quoting matte
hey, my same trade! :-D how are you going to manage it?
  • #196
  • Apr 23, 2009 12:49pm Apr 23, 2009 12:49pm
Quoting Jankone
nothing is 100%.but still open.
I took that trade,but have been stop out ~
  • #197
  • Apr 23, 2009 12:53pm Apr 23, 2009 12:53pm
Guys, I was in this trade too. I got stopped out at -11 though. I think the proper way to manage this one would have been to close it 4-5 bars after entry, since we didn't get the selloff we anticipated.

What do you think Jankone?

-Tyler
  • #198
  • Apr 23, 2009 12:55pm Apr 23, 2009 12:55pm
Yes, it's reason why I am with 0. close at b/e
some posts ago i wrote about this
If it is really good setup, it usually hits PT after +-3 bars.no more

Quoting greenBarret
Guys, I was in this trade too. I got stopped out at -11 though. I think the proper way to manage this one would have been to close it 4-5 bars after entry, since we didn't get the selloff we anticipated.

What do you think Jankone?

-Tyler
  • #199
  • Apr 23, 2009 1:49pm Apr 23, 2009 1:49pm
Jankone take a look at post #191 please
  • #200
  • Apr 23, 2009 2:17pm Apr 23, 2009 2:17pm
yes, If I understand good :-)
both setups are now on #1
And in a few days I will add some my old trades

Quoting matte
Jankone take a look at post #191 please
1 trader viewing now