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James16+Rayanmcd(Jan kone) and ME 7 replies

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Jankone M5 thread

  • #1,821
  • Nov 2, 2009 4:39am Nov 2, 2009 4:39am
Quoting Jduester
I actually took this long with trend for 2R+. Glad you got out without a loss. With-trend seems to be soooo much easier.
Hi Josh

Thanks for posting your test results thus far. Very interesting. Can I ask what sort of criteria you have for trend trades. i.e. do you always need hidden divergence as in the example above, and always pin bars off the 21ema?

Also, do you look for anything in the angle of the ema, or the way price approaches it, etc? Do you still trade trend trades if counter trend divergence is appearing?

If possible, a couple of chart examples of your typical trend trade would be great.

Thanks,


Paul
  • #1,822
  • Nov 2, 2009 4:40am Nov 2, 2009 4:40am
Quoting brasilero
I played this one too but got out because of this little pin! It was to small to play it but it got me out!
Got 4 pips out of it!
Got out too but a little higher... -9 pips (with spread)...
Don't really like monday trading...

Waiting for the next tradable one...
  • #1,823
  • Nov 2, 2009 5:01am Nov 2, 2009 5:01am
Quoting Jduester
Careful here Cignus. It was posted a little while back (or maybe in J16?) that divergence is best used when it doesn't go so many bars back... I try to only use divergence of the last 10-12 bars. Anything more than that seems to be a considerably weaker signal.

Josh
Taking divergences with points that seems far away on a time frame, just draw divergences on higher TF...
But since I didn't study this point roughtly (it's a world that come to my mind by itself, not sure it's appropriate... not so good at english at all), I must take considaration of your remark.
I'm a litlle confused when i see div drawing on 10-12 bars range not traced from high to high... Got more reading to do.
Anyway,
this pin bar seems to me it was a good one to be trade, so i took it. But I didn't take care enough of PA after, I could have seen that I should have TP or move to BE when pirce hit MM20 twice...
But so many I time I have get out with a ridiculous profit or lost by being unpatient...
Still have home work to do
  • #1,824
  • Nov 2, 2009 5:20am Nov 2, 2009 5:20am
Quoting pmn100
Hi Josh

Thanks for posting your test results thus far. Very interesting. Can I ask what sort of criteria you have for trend trades. i.e. do you always need hidden divergence as in the example above, and always pin bars off the 21ema?

Also, do you look for anything in the angle of the ema, or the way price approaches it, etc? Do you still trade trend trades if counter trend divergence is appearing?

If possible, a couple of chart examples of your typical trend trade would be great.

Thanks,

Paul
Hey Paul.
I don't use the EMA21 because I feel it duplicates the center BB (EMA18)... I have an EMA150 up on my charts now; just experimenting to see if it serves a purpose to my trading... I might remove that too...
I have three directions that I designate: with trend, against trend, and no trend. It is all subjective in that I look at the chart only... If price is going up, and I get long... with trend... It all comes with practice. I'm in the process (very early in the process) of going through 5min bars on e/u starting in Oct. 1999. So I'll have seen a lot of bars by the time I'm done....Good learning experience.

I don't need div for a trend trade, but more often than not, it will have some hidden div on it. If I see ct div on the with-trend trade, I will not take it generally... but sometimes I miss that I'm sure.

See some of my other posts in this thread for what I look for in a trend trade...I'm sure I'll post more of both trend and ct in the future too...

Really, it's a matter of going through thousands of bars to train your eyes on what to see...That ct pinbar to the short side wasn't good for me, but I can't really explain why. Perhaps it had something to do with the bar prior (an attempted but failed break lower).

too much writing...

Josh
  • #1,825
  • Nov 2, 2009 5:28am Nov 2, 2009 5:28am
Quoting Jduester
Hey Paul.
I don't use the EMA21 because I feel it duplicates the center BB (EMA18)... I have an EMA150 up on my charts now; just experimenting to see if it serves a purpose to my trading... I might remove that too...
I have three directions that I designate: with trend, against trend, and no trend. It is all subjective in that I look at the chart only... If price is going up, and I get long... with trend... It all comes with practice. I'm in the process (very early in the process) of going through 5min bars on e/u starting in Oct. 1999. So I'll...
Thanks Josh

I've been demoing for about a month now and feel I've got CT trade criteria down pretty well. Trend trades seem to be much more subjective though, hence the questions on your method. I'm starting to throw more weight now to trend trades where you can actually draw a trend line across two previous bar highs/lows and have a pretty convincing third touch in the direction of the trendline slope with PA. These may or may not hit the 21ema, and may or may not have hidden div, but seem to work out pretty well, perhaps more so on 15min. A couple more months demo should give me my answers.
  • #1,826
  • Nov 2, 2009 7:11am Nov 2, 2009 7:11am
Just thought this thread would love this chart
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  • #1,827
  • Nov 2, 2009 7:12am Nov 2, 2009 7:12am
  •  kean
  • | Joined Sep 2008 | Status: James16group Lifetime Member | 92 Posts
Quoting Jduester
Hey Paul.
I don't use the EMA21 because I feel it duplicates the center BB (EMA18)... I have an EMA150 up on my charts now; just experimenting to see if it serves a purpose to my trading... I might remove that too...
I have three directions that I designate: with trend, against trend, and no trend. It is all subjective in that I look at the chart only... If price is going up, and I get long... with trend... It all comes with practice. I'm in the process (very early in the process) of going through 5min bars on e/u starting in Oct. 1999. So I'll...
Hi Josh,
Can I ask you, when you are determining the trend direction, are you looking for EMA crosses or do you just take a general look over a period of time (eg. the last 2-3 days)?
Regards, Kean
  • #1,828
  • Nov 2, 2009 7:24am Nov 2, 2009 7:24am
Anyone test this using outside bars?

It seems to work pretty well!
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  • #1,829
  • Nov 2, 2009 9:26am Nov 2, 2009 9:26am
live
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Trading is a delicate balance of Strategy , Money management and Psychology
  • #1,830
  • Nov 2, 2009 9:30am Nov 2, 2009 9:30am
update : stop hit!
Trading is a delicate balance of Strategy , Money management and Psychology
  • #1,831
  • Nov 2, 2009 9:35am Nov 2, 2009 9:35am
live
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Trading is a delicate balance of Strategy , Money management and Psychology
  • #1,832
  • Nov 2, 2009 9:40am Nov 2, 2009 9:40am
update: on it's down way
Trading is a delicate balance of Strategy , Money management and Psychology
  • #1,833
  • Nov 2, 2009 9:46am Nov 2, 2009 9:46am
on......
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Trading is a delicate balance of Strategy , Money management and Psychology
  • #1,834
  • Nov 2, 2009 9:48am Nov 2, 2009 9:48am
EUR / USD and GBP / USD

fast pips in the bank done ! ( lol , jankone , listening it!)

thanxs jankone ! u r superb!
Trading is a delicate balance of Strategy , Money management and Psychology
  • #1,835
  • Nov 2, 2009 9:55am Nov 2, 2009 9:55am
update !
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Trading is a delicate balance of Strategy , Money management and Psychology
  • #1,836
  • Nov 2, 2009 9:59am Nov 2, 2009 9:59am
Quoting oneuniverse
update !
Oneuniverse,

I joined you on the cable trade.

TP hit!!

makes up for Friday evenings looser lol! (not that were chasing loosing trades!)

Tom
  • #1,837
  • Nov 2, 2009 10:01am Nov 2, 2009 10:01am
Quoting fat_tom
Oneuniverse,

I joined you on the cable trade.

TP hit!!

makes up for Friday evenings looser lol! (not that were chasing loosing trades!)

Tom
great!

even i am done for the day ( In India , it is night )
only three trades today , all CT
one looser , two winners
Trading is a delicate balance of Strategy , Money management and Psychology
  • #1,838
  • Nov 2, 2009 10:47am Nov 2, 2009 10:47am
I trade this trend Pin bar on usdjpy TF15min...
SL now at BE...
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  • #1,839
  • Nov 2, 2009 1:13pm Nov 2, 2009 1:13pm
Just look at the locations where I look as 1st, locations where are best setups over and over again. Just wait.
There is no trade, but I want to show you, WHERE you should look for good possible setups...

once again : DON'T trade the ARROWS ! Just look, where could be possible trade.
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  • #1,840
  • Nov 2, 2009 2:51pm Nov 2, 2009 2:51pm
  •  kean
  • | Joined Sep 2008 | Status: James16group Lifetime Member | 92 Posts
I have only just discovered this thread and I am finding it very interesting.

However, I have a couple of questions and would appreciate any views...

When determining the trend direction, are we looking for EMA crosses or do we just take a general look over a period of time (eg. the last 2-3 days)?

Also, I notice that there are two timeframes recommended, 5M and 15m. Does anybody have any views on whether this method has proved to be more successful on either of the two timeframes...any advantages/disadvantages etc.?

Kean
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