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James16+Rayanmcd(Jan kone) and ME 7 replies

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Jankone M5 thread

  • #361
  • May 27, 2009 12:41pm May 27, 2009 12:41pm
Hello.
I think think you should demo first and master this method.
sl 15 and tp 5/7 is not good edge, imagine urself with great $ account and you are in 3-4 loss streak, you will be absolutely "psycho".
Now you are not because small acc, it's just like playing with toys.
Sl 7 and tp 15 would be million times better.
;-)

Quoting Petar_Serbia
Helo everyone,a im new on this theard and heloo all

First,
Thank you Jankone with this Theard and this strategy,i play on live account and i have great results but i looking your strategy and Lohad combaine...

I have some questions,

I play with 250 $ on balance and pip=1 $ and my current TP is 5 or 7 and SL 15.

Now looking very well but i want to hear your sugestions
And more examples for this very good strategy...


Sory for my English

Petar
  • #362
  • May 27, 2009 1:53pm May 27, 2009 1:53pm
I'm really liking this, was a total doubter, but actually seems to work well. I've been using ryan's method too, to produce more trades, and it works perfectly. Thanks a lot guys!
  • #363
  • May 27, 2009 1:58pm May 27, 2009 1:58pm
Attached Image (click to enlarge)
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Heres the trades I watched live. All of them except the last trade I believe are CT trades. Not sure if I'm misinterpreting, but most every trade seems to be CT. All good though, just half of the profits I guess Ah, actually just realized what I was doing wrong in terms of determing trend with MA's... I'm supposed to be looking at 1 hour for the trend? With the 5 min, when price is at lower BB, it says downtrend, when at upper, uptrend, almost everytime. I think I get it now
  • #364
  • May 27, 2009 3:47pm May 27, 2009 3:47pm
Quoting Jankone
Hello.
I think think you should demo first and master this method.
sl 15 and tp 5/7 is not good edge, imagine urself with great $ account and you are in 3-4 loss streak, you will be absolutely "psycho".
Now you are not because small acc, it's just like playing with toys.
Sl 7 and tp 15 would be million times better.
;-)
Hmm, i know the same method base on pin and RSI and play on my demo 3 months,but i think sl 7 TP 15 not good idea,today i play TP 5 SL 10 and 6/6 ,yesterday 5/5 no lose trade,try TP 5 SL 10...

Every trade not more than -6,-7 and then goes to TP ,

jankone please tell me Moving Average , setup i dont know how to setup...
"Buy on fear, sell on greed !!!
  • #365
  • May 27, 2009 3:54pm May 27, 2009 3:54pm
once again.
ema 21, sma 50.

Quoting Petar_Serbia
Hmm, i know the same method base on pin and RSI and play on my demo 3 months,but i think sl 7 TP 15 not good idea,today i play TP 5 SL 10 and 6/6 ,yesterday 5/5 no lose trade,try TP 5 SL 10...

Every trade not more than -6,-7 and then goes to TP ,

jankone please tell me Moving Average , setup i dont know how to setup...
  • #366
  • May 27, 2009 4:35pm May 27, 2009 4:35pm
Quoting Jankone
Yap, this is what we are waiting for.

Was in this with ya, when the BB flat = no trend = not as much risk to play CT, when price is slamming up or down on the BB a CT is very high risk. 2 5min trades today, both CT's with Divergence.
Keep taking CT trades, I need more money
  • #367
  • May 27, 2009 5:54pm May 27, 2009 5:54pm
Quoting Jankone
Hey,
I stard to trade usually 5 cet time (so it's usa session)
Hi J,

Is that 17:00 CET?

That means you start trading when it's 11:00 EST in NYC, and 16:00 BST in London. Is that correct?

Seems you miss the NY open, and get almost none of London. How did you choose this time to trade?

Thanks again.

VBro
  • #368
  • May 27, 2009 10:07pm May 27, 2009 10:07pm
Quoting Petar_Serbia
Hmm, i know the same method base on pin and RSI and play on my demo 3 months,but i think sl 7 TP 15 not good idea,today i play TP 5 SL 10 and 6/6 ,yesterday 5/5 no lose trade,try TP 5 SL 10...

Every trade not more than -6,-7 and then goes to TP ,

jankone please tell me Moving Average , setup i dont know how to setup...
You need more then 5 pip tp I think. If you pay spread of 1, thats 20 percent your paying right there just to play. 10-20 seems far far more reasonable.
  • #369
  • May 28, 2009 1:06am May 28, 2009 1:06am
how does this look. recent chart of usdjpy. pin did not look too good as the nose was small, but clear rsi divergence.
Attached Image
  • #370
  • May 28, 2009 3:59am May 28, 2009 3:59am
Quoting Ryanmcd
Was in this with ya, when the BB flat = no trend = not as much risk to play CT, when price is slamming up or down on the BB a CT is very high risk. 2 5min trades today, both CT's with Divergence.
Hello Ryan, can you please explain more how do you trade? I got used to two setups which Jankone kindly introduced, will post some charts if I spot anything interesting. Now, the third setup, pin in range from BB extreme, do we need div. here too? Any other setups to watch?

Thanks for help!
  • #371
  • May 28, 2009 6:34am May 28, 2009 6:34am
Quoting ira
Hello Ryan, can you please explain more how do you trade? I got used to two setups which Jankone kindly introduced, will post some charts if I spot anything interesting. Now, the third setup, pin in range from BB extreme, do we need div. here too? Any other setups to watch?

Thanks for help!
Click on Ryan's name to get his profile, click on the list of his posts: all the answers are there, plain and clear, just take time and effort to study them.
One Chart is Worth Ten Thousand Words.
  • #372
  • May 28, 2009 10:06am May 28, 2009 10:06am
Hi all
what do u think, is it valid setup for long USD CAD?
CT+Div+pin bar
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  • #373
  • May 28, 2009 10:32am May 28, 2009 10:32am
Quoting mhemam2005
Hi all
what do u think, is it valid setup for long USD CAD?
CT+Div+pin bar
dear Jankone
in this trade as u see after 3 candles it not winning so i start to consider closing at BE but
as i intend to do , i saw another pin bar and still the div is ok
what is the best action:
1- still close and get away at BE?
2- enter with another trade as if this is a standalone trade?
3- no more lots but only stay in the original one?

looking forward to hear your nice comments..
Attached Image (click to enlarge)
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  • #374
  • May 28, 2009 11:11am May 28, 2009 11:11am
Quoting mhemam2005
dear Jankone
in this trade as u see after 3 candles it not winning so i start to consider closing at BE but
as i intend to do , i saw another pin bar and still the div is ok
what is the best action:
1- still close and get away at BE?
2- enter with another trade as if this is a standalone trade?
3- no more lots but only stay in the original one?

looking forward to hear your nice comments..

hi all
i closed the trade at the 21 MA with -3 pips
c u all
Attached Image (click to enlarge)
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  • #375
  • May 28, 2009 11:58am May 28, 2009 11:58am
It's because I have "full time" work, yet
and i come back home this time.

Quoting vbro
Hi J,

Is that 17:00 CET?

That means you start trading when it's 11:00 EST in NYC, and 16:00 BST in London. Is that correct?

Seems you miss the NY open, and get almost none of London. How did you choose this time to trade?

Thanks again.

VBro
  • #376
  • May 28, 2009 12:18pm May 28, 2009 12:18pm
Quoting mhemam2005
hi all
i closed the trade at the 21 MA with -3 pips
c u all
Note strong prior SR level marked with green. The price was likely to stall there. Hence, I'd pass on the first PB.

Second PB was further away from that level, but still not far enough to give me RR1. So, you could either pass or go in for a small (RR0.5) profit.

P.S. This is off-topic, but note ascending triangle being formed. When it's top breaks, the price is likely to go to the next SR level. See "Psych levels" thread for more info.
Attached Image (click to enlarge)
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One Chart is Worth Ten Thousand Words.
  • #377
  • May 28, 2009 1:56pm May 28, 2009 1:56pm
It is really great " view "!




Quoting Forex007
Note strong prior SR level marked with green. The price was likely to stall there. Hence, I'd pass on the first PB.

Second PB was further away from that level, but still not far enough to give me RR1. So, you could either pass or go in for a small (RR0.5) profit.

P.S. This is off-topic, but note ascending triangle being formed. When it's top breaks, the price is likely to go to the next SR level. See "Psych levels" thread for more info.
  • #378
  • May 28, 2009 2:38pm May 28, 2009 2:38pm
Hi all

Today y go on 16 trade position 14 succesufull 2 loss ...


Thanks again Jankone
"Buy on fear, sell on greed !!!
  • #379
  • May 28, 2009 3:18pm May 28, 2009 3:18pm
Good! If you're willing to, some screenshots would be helpful.

Quoting Petar_Serbia
Hi all

Today y go on 16 trade position 14 succesufull 2 loss ...


Thanks again Jankone
  • #380
  • May 28, 2009 3:32pm May 28, 2009 3:32pm
There are more and more people in here.

Welcome guys
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