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James16+Rayanmcd(Jan kone) and ME 7 replies

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Jankone M5 thread

  • #401
  • Jun 1, 2009 8:47am Jun 1, 2009 8:47am
This is what you want to have. SL 15, closed at +28.

- Pinbar on the 5m
- PPZ on the 1hr supporting the pinbar
- Divergence on the RSI6
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: lowhigh-eurusd1_1hr.gif Size: 16 KB
  • #402
  • Jun 1, 2009 11:00am Jun 1, 2009 11:00am
Great trade man.
I just wanted to post it


Quoting artov
This is what you want to have. SL 15, closed at +28.

- Pinbar on the 5m
- PPZ on the 1hr supporting the pinbar
- Divergence on the RSI6
  • #403
  • Jun 1, 2009 2:48pm Jun 1, 2009 2:48pm
Just some trades I watched. Trying to practice via Ryanmcd's style. Still a work in progress.

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Attached Image (click to enlarge)
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Still trying to define what is CT, and what isn't CT. At the moment I'm looking for 5,15,30 min uptrends on the cobra, and the 21MA above the 50 on the 1 hour. If it doesn't quality, I'm taking over the mid BB and looking to close at the upper BB. Only the second trade really was with the trend per those rules. Still not sure what I'd do with that trend one. Demoing some different ideas.
  • #404
  • Jun 1, 2009 2:56pm Jun 1, 2009 2:56pm
Pure PPZ trade off the 1hr, SL 15, closed at +15.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: lowhigh-eurusd2_5m.gif Size: 19 KB
  • #405
  • Jun 1, 2009 4:01pm Jun 1, 2009 4:01pm
Quoting Jlr
Still trying to define what is CT, and what isn't CT. ... 21MA above the 50 on the 1 hour.
Try observing 21 vs 50 on M5 too, including their angles. Also, pay attention to price vs MA (especially, Close of each candle). Last, but not least: BB sloping up or down tells you smth too.
One Chart is Worth Ten Thousand Words.
  • #406
  • Jun 1, 2009 8:55pm Jun 1, 2009 8:55pm
Quoting Forex007
Try observing 21 vs 50 on M5 too, including their angles. Also, pay attention to price vs MA (especially, Close of each candle). Last, but not least: BB sloping up or down tells you smth too.
Thanks bud, i'll keep that in mind. Wasn't sure exactly what to do with all of that
  • #407
  • Jun 2, 2009 10:44am Jun 2, 2009 10:44am
Look. GREAT div, very nice pin.
both rules done.
A+ trade.
Attached Image (click to enlarge)
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  • #408
  • Jun 2, 2009 10:52am Jun 2, 2009 10:52am
Very nice! Combining those candles/bars works great.

Earlier today I had a 10m pinbar where I got in early. It had confluence with the 1hr PPZ.

Quoting Jankone
Look. GREAT div, very nice pin.
both rules done.
A+ trade.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: lowhigh-eurusd5_5m.gif Size: 14 KB
Click to Enlarge Name: lowhigh-eurusd5_1hr.gif Size: 16 KB
  • #409
  • Jun 2, 2009 4:21pm Jun 2, 2009 4:21pm
this is just J16 pinbar method using 5M TF, nothing different really =)
  • #410
  • Jun 2, 2009 4:25pm Jun 2, 2009 4:25pm
OK.
Try it to play every pinbar:-)


Quoting dengzhi
this is just J16 pinbar method using 5M TF, nothing different really =)
  • #411
  • Jun 3, 2009 1:16am Jun 3, 2009 1:16am
Hi Jankone, thanks so much for starting this thread! I am just loving Ryan's method.

PBs on smalller TF do not work by themselves. BB do not work by themselves. But combining the two... beautiful. Adding in RSI produces a serious edge.

I've noticed that you're mostly posting CT trades, I'd love to post some charts from next month (bit bz atm plus backtesting a year's data on this method! woohoo! it's fun - and I am crazy) Would it be ok for me to post trades with the trend?
  • #412
  • Jun 3, 2009 1:38am Jun 3, 2009 1:38am
Wow, lots of trades today, liked these 2 in particular. First one is pretty self explanatory. 2nd trade (and 1st on chart) unusual amount of divergence and 10 min pin.

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Attached Image (click to enlarge)
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  • #413
  • Jun 4, 2009 9:57am Jun 4, 2009 9:57am
Hello everyone

Yesterday and today 33 times i took a trade 32 in plus

33/32
I play only EUR/USD pair ...

Thanks again Jankone


Good piping,
PeTar
"Buy on fear, sell on greed !!!
  • #414
  • Edited 9:44pm Jun 6, 2009 11:36am | Edited 9:44pm
Quoting Ryanmcd
Maybe you read my 1 to 3 wrong, I run a 8 pip stop with a 24 gain, or a 7 with a 21 gain...
With this system, for trending trades should we use R:R (risk:reward) = 1:3 ?

and counter trend trades 1:1 ?

... and of course take into account the nearest S/R and round numbers etc.
WARNING: Don't follow me as I'm just learning
  • #415
  • Jun 6, 2009 11:57am Jun 6, 2009 11:57am
Think he said CT 1:2, and trend 1:1, CT at least 1:2 due to greater failure rate?
  • #416
  • Jun 7, 2009 12:01pm Jun 7, 2009 12:01pm
Does any one else have a problem with the RSI Divergence indicator (kindly posted by SMJones)?

When I have it set to alert for both Regular and Hidden Divergence, I sometimes find it is re-alerting every tick... first for Regular Divergence, the Hidden, then Regular,Then Hidden ... etc until the end of the bar.
I took a look at the code, but it seems OK to me - I can't se how it keeps alerting.

Ian
  • #417
  • Jun 7, 2009 3:00pm Jun 7, 2009 3:00pm
Quoting artov
Good! If you're willing to, some screenshots would be helpful.
Here you I hope this will be helpfull
Attached Image (click to enlarge)
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"Buy on fear, sell on greed !!!
  • #418
  • Jun 7, 2009 5:10pm Jun 7, 2009 5:10pm
oh jesus....

Quoting Petar_Serbia
Here you I hope this will be helpfull
  • #419
  • Jun 8, 2009 12:40am Jun 8, 2009 12:40am
Quoting Jankone
oh jesus....
What that mean ? :S
"Buy on fear, sell on greed !!!
  • #420
  • Jun 8, 2009 10:00am Jun 8, 2009 10:00am
He (and I) mean your chart and commentary look very messy!

Some tips for you:
- When you want to have a screenshot of a chart: Right click on chart --> Save it.
- You can add commentary with MT4's tools. Please don't use paint anymore.

Take care

Quoting Petar_Serbia
What that mean ? :S
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