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James16+Rayanmcd(Jan kone) and ME 7 replies

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Jankone M5 thread

  • #1,481
  • Oct 12, 2009 6:56am Oct 12, 2009 6:56am
Gold, simply pure gold.
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  • #1,482
  • Oct 12, 2009 6:59am Oct 12, 2009 6:59am
Quoting Kakyn
Gold, simply pure gold.
Nice!!!

esp when you now have the nice big round number of 90.000 as support...

I got in a very similar EURJPY trade - has the round number 133.000 as support... we'll see if they work out...

Tom

EDIT: mine didn't work out! oh well next trade lol!!
  • #1,483
  • Oct 12, 2009 9:16am Oct 12, 2009 9:16am
entered the usdjpy right now
lets see how it will work out
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consistency wins
  • #1,484
  • Oct 12, 2009 9:24am Oct 12, 2009 9:24am
wow.. happy 100th page
So far so good..
Looking forward to 100 more.
  • #1,485
  • Edited 10:25am Oct 12, 2009 9:28am | Edited 10:25am
quick +11

/edit im in a eurusd sell but on 15min timeframe ...

/edit out eurusd on BE
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consistency wins
  • #1,486
  • Oct 12, 2009 11:00am Oct 12, 2009 11:00am
YES IT'S GREAT. Thanks to each of you

WE will make 1000.

It's really great feeling to come here and see 15 people (more and more) online in here.

Some people here are really getting better and better.

THEY GOT IT. I feel happy, when I come here and see "my" m5 trade, which I didn't trade (away from home or so) and people trade it.

I just show the way, pure gold is only in your mind - how to get good trader. There are many ways, this is one of them and that's why we do it.
We are getting better and better.
We will win versus our fear, green, impatience. We are disciplined.

again after million times : IF you are patient, you know WHAT and WHEN to trade and stick with your rules and have good money management , you are profitable in the long run.
1 great trade is nothing. 1 bad trade is nothing.

You should think in % and statistics.

100 great trades and 100 bad trades are your income.




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.

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...
  • #1,487
  • Oct 12, 2009 1:40pm Oct 12, 2009 1:40pm
Today i was very busy and i took one position eur usd 20 pips.It will be more then 20 but i must go now


Cheers guys
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"Buy on fear, sell on greed !!!
  • #1,488
  • Oct 12, 2009 9:32pm Oct 12, 2009 9:32pm
Hi Jankone,

I passed all day long Reading this thread and it worthed every minute.

I do not trade Forex, but only index (Brazilian index).

I will try your set on our M5 chart and post some trades here. The only thing that could mess things up a little is the fact that we are not a continuous market, so gaps happens quite often at openings.

Nothing that patience and a lot of discipline can not repair...

Regards

Doc
  • #1,489
  • Oct 13, 2009 5:09am Oct 13, 2009 5:09am
Happy 100th posts.
  • #1,490
  • Oct 13, 2009 6:04am Oct 13, 2009 6:04am
ct/div + pin, got out for loss
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  • #1,491
  • Oct 13, 2009 6:58am Oct 13, 2009 6:58am
Quoting dhh
ct/div + pin, got out for loss
That's why we need bank in profit fast for CT trades.
  • #1,492
  • Oct 13, 2009 7:14am Oct 13, 2009 7:14am
Quoting dhh
ct/div + pin, got out for loss
I lost on this one because I dont wait for the brake of the pin! It happens
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  • #1,493
  • Oct 13, 2009 7:21am Oct 13, 2009 7:21am
also ct/div + pin, got out with profit
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  • #1,494
  • Oct 13, 2009 7:26am Oct 13, 2009 7:26am
Quoting Kakyn
That's why we need bank in profit fast for CT trades.
agree in general. this particular one went for positive in a small bar then turned over quickly, there was no sense for me to move stoploss. it's ok, and still learning (in retro, i might got out for a smaller loss instead of waiting for bar close, that's very subjective though)
  • #1,495
  • Oct 13, 2009 8:12am Oct 13, 2009 8:12am
Quoting dhh
also ct/div + pin, got out with profit
This was an ideal ct with divergence trade imo. My pb really sticks out above...my 2R on this one. (demo).

Josh


I'm also thinking about testing a strategy where I sell blindly on the close of a 5min bar when we have RSI(6) above 90 (and buy if below 10)... (stop above high of bar). I have not tested this but I think it might be worth it... smaller win % but could get some nice runs. Anyone done any research on this?

IMO, a simple method with proper money management is all it takes. Josh
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  • #1,496
  • Oct 13, 2009 8:58am Oct 13, 2009 8:58am
Lost again on CT trade! Pin bar with div. Think I will only trade trend trades for awhile!
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  • #1,497
  • Edited 10:02am Oct 13, 2009 8:59am | Edited 10:02am
Quoting Jduester
IMO, a simple method with proper money management is all it takes. Josh
Josh,

I think your right...

I did a quick back test of all 5M (EURUSD) bars for September the other night...

simple pins with div and pins with trend. TP 2R SL 1R no moving stops to breakeven or anything like this.

came out with 33 wins vs 39 loosers. I was also erring on the cautious side with regards to winners if in doubt I marked it up as a looser (I don't know what the spreads where all the time etc as it was a 24 hr time periods I was looking at etc)

Thats ok though 66R won vs 39 lost... that I can deal with

obviously I couldn't have taken all the trades as not many folks could sit in front of the EURUSD chart for an entire month but you get the idea..

simple method + rock solid MM = cash...

now I just need to put it into practice!!!

Tom
  • #1,498
  • Oct 13, 2009 9:17am Oct 13, 2009 9:17am
Quoting brasilero
Lost again on CT trade! Pin bar with div. Think I will only trade trend trades for awhile!
we risk a loss when we take small pins &/or we dont kill a trade(when we think we should).
that pin, to me, is half of the previous BIG bearish bar. try taking only BIG pins when countertrading next time.
btw, u are using a different indicator (DPTRSI), so i cant comment on that.

EDIT:
also, price cant even touch 21ema &/or midBB --- that tells me the downmove, at that time, is pretty strong
  • #1,499
  • Oct 13, 2009 9:22am Oct 13, 2009 9:22am
YOU BROKE THE CARDINAL RULE OF TRADING!

DO NOT LET A WINNER TURN INTO A LOOSER!

Write that on a note and stick it on your screen.

Quoting brasilero
Lost again on CT trade! Pin bar with div. Think I will only trade trend trades for awhile!
  • #1,500
  • Oct 13, 2009 9:35am Oct 13, 2009 9:35am
Quoting supremeChaos
we risk a loss when we take small pins &/or we dont kill a trade(when we think we should).
that pin, to me, is half of the previous BIG bearish bar. try taking only BIG pins when countertrading next time.
btw, u are using a different indicator (DPTRSI), so i cant comment on that.

EDIT:
also, price cant even touch 21ema &/or midBB --- that tells me the downmove, at that time, is pretty strong
I dont consider a 10 pip pin bar a small bar, but yes it was after a pretty big BB! I would have killed it after that BEOVB but it barely touched my stop and kicked me out!
Maybe I should have set it to BE allredy!
Well, still learning on demo, so no bigy!
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