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James16+Rayanmcd(Jan kone) and ME 7 replies

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Jankone M5 thread

  • #1,241
  • Sep 25, 2009 4:48am Sep 25, 2009 4:48am
Quoting marikg
now i'm really seeing it in action ! thank you !!!!!
can't see the RSI 50 level clearly, but something like that, yes.

btw, something similar recently posted by Sir rustyjeff on the james16 thread.
check the first chart. i mention this post to illustrate the RSI "50-LR" & the "3-bar" pattern i mentioned above. again, with the 3-bar pattern, focus on the location &/or pattern not necessarily the shape/size of the bars.

Learning is fun
  • #1,242
  • Sep 25, 2009 5:03am Sep 25, 2009 5:03am
Quoting marikg
i missed this beautiful trade on the eu
because i was in a trade on uj... got out at 1:1R
i don't really feel bad about it... just wanted to show both trades
Nice charts!
1st chart:
double top, round number, PB, bear.div
NOTE: if u put a div line on the 1st top from the above & the high of the chart (1.4800-ish), u will see hidden bear div -- a trend continuation signal, which at that time, seems to be down.

2nd chart:
PB, mid-BB touch, in-trend (at the time)
good u exited as there was a potential opposite trade:
long off a PB-BUOB hybrid (cant view the chart clearly), bull.div + triple bottom for a potential same pips as your trade (&probably more)
  • #1,243
  • Sep 25, 2009 9:16am Sep 25, 2009 9:16am
Quoting supremeChaos
No..
price was (moving up/) making higher highs, so u put the div. lines on top of price & indicator. reverse on lower lows (price was moving down).

check out several articles here.
yeah i realised after i looked at fat toms chart more closely. i should really pay more attention and think before i type!

sorry
  • #1,244
  • Sep 25, 2009 9:46am Sep 25, 2009 9:46am
Quoting faizal82
yeah i realised... think before i type!
sorry
Sir, nothing to be sorry for.
  • #1,245
  • Sep 25, 2009 9:55am Sep 25, 2009 9:55am
By better indi I mean that neither of the indi's is a perfect substitute for each other. That's why it's good to have both of them on your chart.

The BB squeeze is interesting and from now on I'll be taking a look at it.

My concern over the RSI 50 ZLR is that you will have the confirmation that it gets rejected when price has already gone lower. One way to look at it is by loooking at price action when price comes back to the 50.

Quoting supremeChaos
what do u mean by no "better indi"?
price touch-wise, yes, sometimes/often 21ema & BB dont get touched at the same time.
but, just to clarify... (underlined phrases below, i believe were unnoticed by most here)
on your first chart, BB did get u in the trade (mid-BB touch + small PB + BB squeeze/pinch prior the downmove), but so did 21ema. how? by pointing out to u the trend at that time, which is down. so 21ema acted as a confluence for a short via the mid-BB. at the same time, RSI was at 50 (i'm...
  • #1,246
  • Sep 27, 2009 6:31am Sep 27, 2009 6:31am
Please indulge me... (non-trading related)

Please visit this thread
Help needed.
Thank you!
  • #1,247
  • Sep 27, 2009 7:08pm Sep 27, 2009 7:08pm
A couple nice trades this Sunday night. The dotted vertical purple line is the entry at the opening of the candle. The rest is self explanatory. CT, divergence and pin bar. I closed both trades with +20 pips of profit each. Paris
Attached Image(s) (click to enlarge)
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  • #1,248
  • Sep 27, 2009 8:21pm Sep 27, 2009 8:21pm
Quoting Paris Hilton
A couple nice trades this Sunday night. The dotted vertical purple line is the entry at the opening of the candle. The rest is self explanatory. CT, divergence and pin bar. I closed both trades with +20 pips of profit each. Paris
Nice trades!!
  • #1,249
  • Sep 28, 2009 9:12am Sep 28, 2009 9:12am
I originally sold off at the long term 61.8 retrace as per the thread here

http://www.forexfactory.com/showpost...&postcount=159

Price then retraced again to the 61.8 retrace of the bearish range, sold again, at the 5M TF, I want to hold this longer since the long term 61.8 retrace is pretty significant and price reacted before strongly.

Attached Image (click to enlarge)
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  • #1,250
  • Sep 28, 2009 11:38am Sep 28, 2009 11:38am
Trendline on longer term time frame.

Attached Image (click to enlarge)
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5M pin, soon to BE, and wait, EU may retrace and touch the trendline, but another opportunity may come.

Attached Image (click to enlarge)
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  • #1,251
  • Sep 28, 2009 2:07pm Sep 28, 2009 2:07pm
passed on this, but it turned out pretty nice.
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  • #1,252
  • Sep 28, 2009 2:20pm Sep 28, 2009 2:20pm
Folks,

Got this one earlier... text book pin with divergence I would say.

Got out near the bottom as well for ~4R

good stuff...

Tom
Attached Image
  • #1,253
  • Sep 28, 2009 2:43pm Sep 28, 2009 2:43pm
Quoting Icehocey77
passed on this, but it turned out pretty nice.
Hi icehocey,
in a downtrend you put your line below the price not above...
Or am i missing something here?
http://www.babypips.com/school/regular_divergence.html for more info

That 5 min pinbar worked out anyway, there was resistance just above it as well..
/kojak
  • #1,254
  • Sep 28, 2009 2:46pm Sep 28, 2009 2:46pm
Quoting kojak
Hi icehocey,
in a downtrend you put your line below the price not above...
Or am i missing something here?
http://www.babypips.com/school/regular_divergence.html for more info

That 5 min pinbar worked out anyway, there was resistance just above it as well..
/kojak
or do u trade the hidden divergence?
  • #1,255
  • Sep 28, 2009 3:04pm Sep 28, 2009 3:04pm
Quoting kojak
Hi icehocey,
in a downtrend you put your line below the price not above...
Or am i missing something here?
http://www.babypips.com/school/regular_divergence.html for more info

That 5 min pinbar worked out anyway, there was resistance just above it as well..
/kojak
price is making higher highs while the oscillator is making lower lows. that's a classic divergence.
those lines simply underline this concept.
maybe you are confusing them with trendlines...
  • #1,256
  • Sep 29, 2009 1:04am Sep 29, 2009 1:04am
Just curious to know if any constant user of this method has posted a journal or trade record here or there?

If there is I would like to see it very much, so that I can evaluate how profitable is this great method and how frequent the setup appears for experienced users.

Many thanks.

kk007
  • #1,257
  • Sep 29, 2009 1:14am Sep 29, 2009 1:14am
eu had a nice start this morning
20 fast pips
Attached Image
  • #1,258
  • Sep 29, 2009 1:21am Sep 29, 2009 1:21am
Quoting kojak
eu had a nice start this morning
20 fast pips
Well done kojak!
  • #1,259
  • Sep 29, 2009 1:37am Sep 29, 2009 1:37am
Quoting Eclipse
price is making higher highs while the oscillator is making lower lows. that's a classic divergence.
those lines simply underline this concept.
maybe you are confusing them with trendlines...
no mate, i know my trendlines
but i dont trade the hidden divergence so much, thats why i asked..
happy trading.
/kojak
Attached Image (click to enlarge)
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Attached Image
  • #1,260
  • Sep 29, 2009 1:37am Sep 29, 2009 1:37am
Quoting kk007
Well done kojak!
tx mate
are u in the chatroom as well today kk007?
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