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James16+Rayanmcd(Jan kone) and ME 7 replies

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Jankone M5 thread

  • #761
  • Jul 24, 2009 5:51am Jul 24, 2009 5:51am
Good work man !



Quoting AnimalHungry
Since this is a very visual method, I wanted to look at all the charts posted here again, and I thought it would be a useful reference source to have them all in one place.

So, in case anyone's interested, I've put all of Ryan's and Jankone's charts, together with some charts commented on/blessed by Jankone, Supreme and other seniors, into a Word doc here:

http://www.mediafire.com/?sharekey=d...4e75f6e8ebb871

Enjoy!

Simon
  • #762
  • Jul 24, 2009 8:43am Jul 24, 2009 8:43am
Thanks guys. Yeah I went through the post again and cut and pasted. In fact, because my PC is a bit of a turd I couldn't just drag and drop direct from the thread into the Word doc, but I had to save all the images onto the desktop then drag them into the Word doc.

Anyhow, I think it's useful having it all in one place as a reference, but it's no substitute for going through the thread yourself.

Simon
  • #763
  • Jul 24, 2009 9:20am Jul 24, 2009 9:20am
Thanks Simon!!. Great!


Quoting AnimalHungry
Since this is a very visual method, I wanted to look at all the charts posted here again, and I thought it would be a useful reference source to have them all in one place.

So, in case anyone's interested, I've put all of Ryan's and Jankone's charts, together with some charts commented on/blessed by Jankone, Supreme and other seniors, into a Word doc here:

http://www.mediafire.com/?sharekey=d...4e75f6e8ebb871

Enjoy!

Simon
What does not kill me makes me stronger. Friedrich Nietzsche,
  • #764
  • Jul 24, 2009 3:00pm Jul 24, 2009 3:00pm
Hey ikki...
i posted your trade here a few days ago... Hope u dont mind
Just trying to add charts here from other FF members, so we get "variety"... Just trying to compensate for the lack of my own charts here (lack of time; & i have been using a different BB setting/s, for like 2-4yrs now). will post mine sometime soon if time permits (& if Jankone permits)



Quoting [B
Denarii[/b];2894028]USD/CAD trade with divergence at previous low.
EDIT: out at -15 pips
Sorry, but i do not see a BB here?
I can imagine price walking the bands, & even probably price nearly touching/touching the mid-BB just above your buy area.
Also, u might have bought against a strong trend.



Simon/AnimalHungry,
I think it would be a "best practice" if we regularly do that kind of chart doc which u just did.
Probably u or others can do it, say a regular 3-month compilation of charts posted here.
I think other threads can benefit from this "best practice" as well.
  • #765
  • Jul 24, 2009 3:04pm Jul 24, 2009 3:04pm
Make time! Just kidding.. looking forward to your charts thoughv

Quoting supremeChaos
Hey ikki...
i posted your trade here a few days ago... Hope u dont mind
Just trying to add charts here from other FF members, so we get "variety"... Just trying to compensate for the lack of my own charts here (lack of time; & i have been using a different BB setting/s, for like 2-4yrs now). will post mine sometime soon if time permits (& if Jankone permits)




Sorry, but i do not see a BB here?
I can imagine price walking the bands, & even probably...
  • #766
  • Jul 24, 2009 3:19pm Jul 24, 2009 3:19pm
Quoting AnimalHungry
Since this is a very visual method, I wanted to look at all the charts posted here again, and I thought it would be a useful reference source to have them all in one place.

So, in case anyone's interested, I've put all of Ryan's and Jankone's charts, together with some charts commented on/blessed by Jankone, Supreme and other seniors, into a Word doc here:

http://www.mediafire.com/?sharekey=d...4e75f6e8ebb871

Enjoy!

Simon
wow! nice job Simon
already finished studying the charts, now it remains 999*999 times...lol
thanks
Simplicity is the key to success
  • #767
  • Jul 24, 2009 3:48pm Jul 24, 2009 3:48pm
Quoting supremeChaos

Simon/AnimalHungry,
I think it would be a "best practice" if we regularly do that kind of chart doc which u just did.
Probably u or others can do it, say a regular 3-month compilation of charts posted here.
I think other threads can benefit from this "best practice" as well.
I agree, and I'll try and update it every few months for this thread. I wouldn't fancy trying to do it for some of the larger threads, like the behemoth that is the J16 chart thread though

It might also be useful if the Word doc chart compilation were attached to the first post, but that's Jankone's call.

Have a great weekend all!

Simon
  • #768
  • Jul 25, 2009 12:22pm Jul 25, 2009 12:22pm
Chapeau!

Quoting AnimalHungry
Since this is a very visual method, I wanted to look at all the charts posted here again, and I thought it would be a useful reference source to have them all in one place.

So, in case anyone's interested, I've put all of Ryan's and Jankone's charts, together with some charts commented on/blessed by Jankone, Supreme and other seniors, into a Word doc here:

http://www.mediafire.com/?sharekey=d...4e75f6e8ebb871

Enjoy!

Simon
  • #769
  • Jul 27, 2009 2:10pm Jul 27, 2009 2:10pm
0 on this.
I did kill it. I just cant watch a really strong setup which is running from -3, to +3, then again -2 and again +4 ..over and over again.

It saves me money, they fail usually. but it's just a feeling.

when it's after a few bars +- 0, there's no power..no momentum.

"KILL THE DAMN THING "

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  • #770
  • Jul 27, 2009 4:40pm Jul 27, 2009 4:40pm
Quoting Jankone
0 on this.
I did kill it. I just cant watch a really strong setup which is running from -3, to +3, then again -2 and again +4 ..over and over again.

It saves me money, they fail usually. but it's just a feeling.

when it's after a few bars +- 0, there's no power..no momentum.

"KILL THE DAMN THING "

I agree, when CT, I think killing it can save cash when done right (though I'm not sure I could do it yet). For trend trades, I think its fairly pointless though... if you take into consideration that you are going with the trend +ev, pin more +ev, div more +ev, take that into account that spreads already been paid, I think I prefer to just let it take me out. No matter how long it stalls, your still in a profitable situation imo, for trend trades. Any thoughts?
  • #771
  • Jul 27, 2009 10:54pm Jul 27, 2009 10:54pm
Quoting Jankone
0 on this.
I did kill it. I just cant watch a really strong setup which is running from -3, to +3, then again -2 and again +4 ..over and over again.

It saves me money, they fail usually. but it's just a feeling.

when it's after a few bars +- 0, there's no power..no momentum.

"KILL THE DAMN THING "

hey I had 2 trades today, first a very small pin with the trend, good for 15 pips, 2nd one same as you, I was looking for it to go near previous top (yellow line), I always move my SL to BE after 3 bars after entry, so I ended up breaking even just like you.
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  • #772
  • Jul 28, 2009 10:44am Jul 28, 2009 10:44am
no trade today for me
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  • #773
  • Jul 28, 2009 11:38am Jul 28, 2009 11:38am
Quoting Jlr
Make time! Just kidding.. looking forward to your charts thoughv
lol.... yes will definitely do, in the near future.
unless jarroo follows me here & eggs me on to post ASAP. heheh, just kidding


dhh,
looking at your chart...
there was a small pin on that last bounce, around 1.4180 area (for a short).
there were 2 CT trades (with div), pin on 1.4170 & 1.4185 (both buys up to about the mid-BB)
if u have checked other mt4 brokers, there could be more than 1 pin that presented itself.
another view is that u might not see a pin but PA tells u that price/indicator is weak & still u can short it. or u can combine 1 to 3 or more bars/candles to form a pin (like what we do mostly on james16 thread; example, 2-day pin, 2 H4 pin, the likes).
  • #774
  • Jul 28, 2009 7:41pm Jul 28, 2009 7:41pm
thanks for the reply supremechaos.

i see where you mean the pin for short(#2 on my chart). the pin was not standing out to me(nose not long enough). also at this point, the div is already very strong, and i thought i better not short against strong div.

#1 and #3 would be good locations, but the pins' noses were not long enough. (#3 is an engulfing, maybe that could been traded)

i read the j16chart thread too and know about combining bar, but i'm only try to do that on longer timeframes. the 5min is quick, i thought i better keep it simple and clear(at least before i'm more experienced with this system), just my view.

i see on the J16chart thread, ryan had great trades on this. a lot more to learn

question:
i'm wondering what are old timers(ryan, etc..) experience and insight for 'trading against div' like the chart today.
i have seen it worked in some cases, and didn't work in other cases(like everything else, not 100%). not sure which way to place my bias on this one, therefore not taking these trades so far until i can form a bias.

thanks.
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  • #775
  • Jul 29, 2009 2:16am Jul 29, 2009 2:16am
hey guys I'm 10 pages away with being caught up with the thread and I'm about to fall asleep on the keyboard. But I'd just like to get some opinions, it seems the majority of the charts posted here are CT's. Is that just a coincidence or do you guys find there are much more CT's vs. with trends. Thanks alot, look forward to finishing up tomorrow.
  • #776
  • Jul 29, 2009 10:43am Jul 29, 2009 10:43am
2 trades, net +3 today. how other people do?

when i started today, i saw the bullish div on the 1h chart so i was watching for long trades only. sometimes help me avoid losing trades, sometimes cost me winning trades. what people think of this?

2nd trade is engulfing, or if you know combining candles, it's a 2-bar pin.
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  • #777
  • Jul 29, 2009 12:01pm Jul 29, 2009 12:01pm
Quoting Icehocey77
hey guys I'm 10 pages away with being caught up with the thread and I'm about to fall asleep on the keyboard. But I'd just like to get some opinions, it seems the majority of the charts posted here are CT's. Is that just a coincidence or do you guys find there are much more CT's vs. with trends. Thanks alot, look forward to finishing up tomorrow.
Ya there are a lot more CT trades then trend, doesn't mean you should just take the majority of your trades CT though... I personally prefer trend trades only, but take what suits you, and what you think is the most profitable.
  • #778
  • Jul 29, 2009 5:47pm Jul 29, 2009 5:47pm
okay guys I've been playing around with the M5 on forex tester, what's the general consensus regarding exits. CT it's clear you probably want to go 1:1 but with trends does anyone just set a trail and let it fly? 1:3?
  • #779
  • Jul 29, 2009 5:54pm Jul 29, 2009 5:54pm
Quoting Icehocey77
okay guys I've been playing around with the M5 on forex tester, what's the general consensus regarding exits. CT it's clear you probably want to go 1:1 but with trends does anyone just set a trail and let it fly? 1:3?
Try 1:4,

SL 9 TP 40 on EURUSD, it's rare that a day goes by that you don't get a nice move on the EURUSD from which 40pips can be extracted.

Regards,
Jig
  • #780
  • Jul 29, 2009 7:08pm Jul 29, 2009 7:08pm
Just traded this nice pin, that's how you wanna have it, off the PPZ and round nr. 1.4000.
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