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James16+Rayanmcd(Jan kone) and ME 7 replies

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Jankone M5 thread

  • #1,461
  • Oct 9, 2009 12:44pm Oct 9, 2009 12:44pm
so this trade then, long on the USDJPY

Blue = entry
Red = Stop
Orange = Target, off screen, but about 2:1 RR with stop. 30 pips

so is this good or bad..... ?

anyone take this ?

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  • #1,462
  • Oct 9, 2009 12:45pm Oct 9, 2009 12:45pm
Quoting ab1
Im using one of the RSI divergence indicators to help me identify Divergence...... Funny that eh !

The one Im using the alarm doesnt stop going off , its like in a loop, even if I switch off the arlarm, anyone come accross this ?

cheers


ab

I would never use alarms myself until you know what you are doing, even then I still never use them. It's like having a plane on auto and not knowing how to fly, it's a crash waiting to happen. You need to know why and what a divergence is and understand how it is setup and what works before you start using them.
Keep taking CT trades, I need more money
  • #1,463
  • Oct 9, 2009 12:58pm Oct 9, 2009 12:58pm
Quoting Ryanmcd
I would never use alarms myself until you know what you are doing, even then I still never use them. It's like having a plane on auto and not knowing how to fly, it's a crash waiting to happen. You need to know why and what a divergence is and understand how it is setup and what works before you start using them.
Ok thanks...your right Im just looking for something to show me what it is and how it works. to me it looks like if the price is going up and the RSI is going down...that is divergence. and of course vice versa.

I think that indicates...BUY, combined with a pin bar (wick down, head up) As is on the USDJPY right now M5
  • #1,464
  • Oct 9, 2009 1:03pm Oct 9, 2009 1:03pm
Quoting Ryanmcd
Yep.... As I said in the past if I get 50% winners a year it's still over what a doctor makes with less hours
please indulge me, as im not from the US...
how much does a doctor there make?

nice to see u post more actively
  • #1,465
  • Oct 9, 2009 1:06pm Oct 9, 2009 1:06pm
Quoting ab1
Im using one of the RSI divergence indicators...
The one Im using the alarm doesnt stop going off , its like in a loop, even if I switch off the arlarm, anyone come accross this ?...
that would irritate me...
besides, it's better not to use that one.

better to use the plain RSI, & plot your own div. lines. this way, it's better for your brain (exercise) ....& ears
  • #1,466
  • Oct 9, 2009 1:30pm Oct 9, 2009 1:30pm
Quoting supremeChaos
that would irritate me...
besides, it's better not to use that one.

better to use the plain RSI, & plot your own div. lines. this way, it's better for your brain (exercise) ....& ears
& ears for?
  • #1,467
  • Oct 9, 2009 1:43pm Oct 9, 2009 1:43pm
Quoting Kakyn
& ears for?
see below


Quoting ab1
Im using one of the RSI divergence indicators....
The one Im using the alarm doesnt stop going off , its like in a loop, even if I switch off the alarm...
  • #1,468
  • Oct 9, 2009 8:35pm Oct 9, 2009 8:35pm
Quoting Kakyn
There you go
Thanks, Paris
  • #1,469
  • Oct 9, 2009 10:39pm Oct 9, 2009 10:39pm
Quoting supremeChaos
please indulge me, as im not from the US...
how much does a doctor there make?

nice to see u post more actively

A good Dr with his own practice that works 80 hours a week and is on-call prob about 6-800k a year
Keep taking CT trades, I need more money
  • #1,470
  • Oct 10, 2009 5:32pm Oct 10, 2009 5:32pm
Hi dhh
you are right BUT ...
take a look at this quote it's from ryanmcd compilation doc
"PB's for me seem to work best when the market is NOT trending and going sideways and it's at a BB extreme"
lets wait , may be ryan will comment on this point .
Tks
david4u



Quoting dhh
david, just my comments on pin #1:
the market was going sideways at the time, so it's not a trend trade. notice the pin was above midBB and 21ema.
  • #1,471
  • Oct 10, 2009 7:55pm Oct 10, 2009 7:55pm
Hi Ryan
Tks for sharing and teaching
If you don't mind sharing some statistics
When you win (60% ?) how many pips you make on average ?
Trend ______
CT ________
When you lose (40%) , how many pips on average ?
Just would like to have a bigger picture , and a better understanding of how we should trade and what can be done with lot of learning , practice , etc.
Hope it's Ok asking you
Thanks
david4u

Quoting Ryanmcd
Yep I lose about 30-40% of the time, no biggie if you R:R is spot. Some people never post losses just the wins after the fact Also it was a high risk trade, had some support but not that great. As I said in the past if I get 50% winners a year it's still over what a doctor makes with less hours
  • #1,472
  • Oct 11, 2009 9:35am Oct 11, 2009 9:35am
Few more posts to 100 pages for this pure gold system.
  • #1,473
  • Oct 11, 2009 10:36am Oct 11, 2009 10:36am
Quoting david4u
Hi dhh
you are right BUT ...
take a look at this quote it's from ryanmcd compilation doc
"PB's for me seem to work best when the market is NOT trending and going sideways and it's at a BB extreme"
lets wait , may be ryan will comment on this point .
Tks
david4u
yes, what you quoted is a 3rd setup for range market.
but in your original post you indicated "pin #1 - perfect setup . With the trend + div" i was just trying to point out it was not a trend trade.
no harm.
  • #1,474
  • Oct 11, 2009 5:02pm Oct 11, 2009 5:02pm
This thread is nearing it's 100th page which is a great milestone. I believe there are many more milestones to come after this.

Thanks to Jankone who was inspired by Ryanmcd, who was again inspired by a great man on this forum called James16 we have this great thread.

Trading is hard work, I hope you all realize that. There are enough people claiming it's an over-the-night get rich thing, but it's not like that. It took a while for me to realize that, I lost lots of time and money.

As with any other profession you need to study and practise to become a consistantly profitable trader. The great thing of this industry is that all can do it, but don't except to succeed in it without a fight.

Be humble, be patient, work hard, apply money management, control your emotions, respect the market and you might make it.

This thread provides excellent "tools" which will help you to make it in this business. It's a pleasure to see respected FF members like Ryanmcd, Supremechaos, Jigsaw and others contributing to this thread.

I will be out of here for the next 3 weeks as I'm going for a vacation to the Caribbean. I hope you all do well.
  • #1,475
  • Oct 11, 2009 5:59pm Oct 11, 2009 5:59pm
Quoting david4u
Hi Ryan
Tks for sharing and teaching
If you don't mind sharing some statistics
When you win (60% ?) how many pips you make on average ?
Trend ______
CT ________
When you lose (40%) , how many pips on average ?
Just would like to have a bigger picture , and a better understanding of how we should trade and what can be done with lot of learning , practice , etc.
Hope it's Ok asking you
Thanks
david4u
Do your own work. Also I never ran the numbers as it does not matter. I know about what the odds are but it does not matter any really, sometimes the market trends sometimes it's sideways and that affects the way I trade. I do better when the market is sideways.
Keep taking CT trades, I need more money
  • #1,476
  • Oct 11, 2009 9:26pm Oct 11, 2009 9:26pm
Quoting Ryanmcd
A good Dr...
Very nice.... Thanks for the trivia
  • #1,477
  • Oct 12, 2009 1:05am Oct 12, 2009 1:05am
Does any body plays PA other then Pin Bars.

Took this OB.

EDIT: SL HIT.
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  • #1,478
  • Oct 12, 2009 1:07am Oct 12, 2009 1:07am
Quoting artov
This thread is nearing it's 100th page which is a great milestone. I believe there are many more milestones to come after this.

Thanks to Jankone who was inspired by Ryanmcd, who was again inspired by a great man on this forum called James16 we have this great thread.
....l.
Artov,

Good post to give us all a bit of grounding....

Enjoy your holidays and see you when you get back!



Tom
  • #1,479
  • Oct 12, 2009 1:45am Oct 12, 2009 1:45am
Quoting nasir.khan
Does any body plays PA other then Pin Bars.

Took this OB.

EDIT: SL HIT.
Careful of TL's

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  • #1,480
  • Oct 12, 2009 2:38am Oct 12, 2009 2:38am
Quoting Jlr
Careful of TL's

Attachment
Thank for the comments.

Not a fan of Trend lines specially on 5m cause in that short time they just jump from every where and to lazy to keep up with them( drawing them). Not saying that they won't work they do but depends how many are looking at them and not many at these lower TF's i guess.

It worked for you by not taking the trade ( wasn't a trade in the first place).

But if i try to find TL, pivots, Fibbs etc after i loose a trade i will screw with my plans.
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