Jankone M5 thread | Page 94 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

James16+Rayanmcd(Jan kone) and ME 7 replies

Attachments: Jankone M5 thread
Exit Attachments

Jankone M5 thread

  • #1,861
  • Nov 3, 2009 12:34pm Nov 3, 2009 12:34pm
2 wins 1 b/e is great daily result
Keep workin' man like this, this happens sometimes...as you say " falling knife" even div pin can't stop it sometimes. That's why, you need a div, it gives you more % for win.
anyway...
after month and year, it's big account if you've traded with good moneymanagement

Quoting Jduester
A great day for me overall.

I blindly took that first trade this morning, a pinbar off 1.4650. But I soon realized it was a poor countertrend trade, trying to catch a falling knife and no direct Divergence to boot. So I got out right away, at B/E.

Other two were pretty easy and I'm sure several of you got more on those.

Thanks J,J,and R.

Josh.
  • #1,862
  • Nov 3, 2009 12:40pm Nov 3, 2009 12:40pm
Thank you Jankone,

Due to work commitments, it's very rare I get to spend a day trading, but luckily enough, i've been off "sick" today as I have been looking forward to putting this strategy in practice. It's been very annoying having such a simple but very effective system and not being able to trade due to my working hours being more or less the same as the best times to trade during the day.

What I also like about this system is how it reacts around significant numbers 1.##00's, 1.##50's (the reason i took trade C, Though divergence would of been nice)

Unfortunately, i'm back at work tomorrow, so it'll be back to coming home after my shift, looking at the charts and have a slight tear in my eye with the setups i've missed.

They say patience pay's off, but i'm hoping it pay's sooner than later! lol

Many thanks to those who have posted and made this thread one hell of eye catcher which has helped me see things a hell of a lot clearer now.

Regards

Brett
  • #1,863
  • Nov 3, 2009 12:42pm Nov 3, 2009 12:42pm
  •  kean
  • | Joined Sep 2008 | Status: James16group Lifetime Member | 92 Posts
Quoting Jankone
2 wins 1 b/e is great daily result
Keep workin' man like this, this happens sometimes...as you say " falling knife" even div pin can't stop it sometimes. That's why, you need a div, it gives you more % for win.
anyway...
after month and year, it's big account if you've traded with good moneymanagement
Hi Jankone,
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
  • #1,864
  • Nov 3, 2009 12:43pm Nov 3, 2009 12:43pm
just another notice : trade a, you draw rsi line on low... I draw it on close.. i found it's more reliable.... so if you draw it on close, there's no div. sometimes it helps when you don't know if you should trade or not.

and thanks

Quoting pippenmagic
Thank you Jankone,

Due to work commitments, it's very rare I get to spend a day trading, but luckily enough, i've been off "sick" today as I have been looking forward to putting this strategy in practice. It's been very annoying having such a simple but very effective system and not being able to trade due to my working hours being more or less the same as the best times to trade during the day.

What I also like about this system is how it reacts around significant numbers 1.##00's, 1.##50's (the reason i took trade C, Though divergence would...
  • #1,865
  • Nov 3, 2009 12:48pm Nov 3, 2009 12:48pm
You should know what is trend.:-) I don't determine it specially, you just see it if it is trending all day down or up or changing... i use ema specially ( sometimes TP for ct trades or for an entry : pinbar with pin is trough the ema21).

in m5 trading it most of time has trade and if not you can trade to.
once again, you can trade with trend, against the trend or without trend.

Trading without trend is good example a few post ago -

http://cdn.forexfactory.com/attachme...4&d=1257278135

A trade and B trade are GREAT example how it's possible.
(it was clearly sideways market in small range)


Quoting kean
Hi Jankone,
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
  • #1,866
  • Nov 3, 2009 1:05pm Nov 3, 2009 1:05pm
Quoting supremeChaos
ok, thanks lindsayf.

i was looking for reasons why this trade didnt go well.

initial possible reasons i came up with:
-- the 1.6300 round number may have something to do with it
-- in case u used hidden div (i cant really tell, it looks almost flat hidden div. to me), using the black bar about 15bars back, then u can read benji's post within here (ideally, look back 5-10bars).

BIG 'a-ha' (after a few minutes of looking at your chart):
i noticed u used black for bullish...
Hi SC..I saw the bullish close on MT4 and would not have traded it because of that (closed above a round number too)..BUt I was also watching it on Ninjatrader and it closed under the RN there (just) so that gave me enough to trade it. I have so many times interfered with a good setup to the detriment of the outcome so currently I have a hands off policy. Howevver I am starting to get a sense of when a trade is winding against me and this was happening here. Do you (Jankone, others) think that it is a good strategy with this method to kill a trade at the break of a pin forming against the trade..as a blanket rule?..I will do sme backtesting on this.

thanks
All that matters is winning the week
  • #1,867
  • Nov 3, 2009 1:35pm Nov 3, 2009 1:35pm
Quoting pippenmagic
[IMG]file:///C:/Users/Brettles/AppData/Local/Temp/moz-screenshot-1.png[/IMG]

Hi Fellow Traders, 1st time i've posted on this thread, but been a follower since the beginning.

From the picture of todays GBP/USD 5min chart, these are the 3 trades i've took today.

Trade C, well i finished for the day, but an alarm went off which i had set at 1.6450, so quickly jumped onto the laptop and saw the pinbar forming but wasn't quite sure of the divergence. Decided to risk 20% of the profit i made on the other 2 trades, and had 1tp at the middle BB, and...
Hi Brett, I took the same trade as your 'C' trade on the GBP/USD and although there didnt seem to be very good DIV on the 5 min chart, if you look at the 10 min chart it was excellent DIV and good pinbar as well.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD1.jpg Size: 121 KB
  • #1,868
  • Nov 3, 2009 2:38pm Nov 3, 2009 2:38pm
Quoting turnip15
anyone got a link to Tro's BUYZONE...I cannot find it on Kreslick.com but wonder if it could be used for scalping
Come to think of it - has anyone used it?
every Saint has a past. Every Sinner has a Future
  • #1,869
  • Nov 3, 2009 8:54pm Nov 3, 2009 8:54pm
Quoting turnip15
Come to think of it - has anyone used it?
Here's a novel idea .... you should google it...
  • #1,870
  • Nov 4, 2009 12:30am Nov 4, 2009 12:30am
Quoting turnip15
Come to think of it - has anyone used it?
i have tried it mate..to be honest i didnt like it..to many false signals..
i like this 5 min system much better...
i have around 3-4 trades/day with Jankone method, and a very nice payoff...i take my 10-15 pip/trade and move on to the next one...
  • #1,871
  • Edited 1:13am Nov 4, 2009 1:02am | Edited 1:13am
UPDATE

Trend trade done 2R !

CT trade ( on it's way down ), let's see, was even better if CT trade was near 1.4800
Attached Image (click to enlarge)
Click to Enlarge Name: 11 eur usd 5min.gif Size: 17 KB
Trading is a delicate balance of Strategy , Money management and Psychology
  • #1,872
  • Nov 4, 2009 1:19am Nov 4, 2009 1:19am
same trade..
Attached Image
  • #1,873
  • Nov 4, 2009 3:36am Nov 4, 2009 3:36am
Quoting kojak
i have tried it mate..to be honest i didnt like it..to many false signals..
i like this 5 min system much better...
i have around 3-4 trades/day with Jankone method, and a very nice payoff...i take my 10-15 pip/trade and move on to the next one...
Hi kojak,

Would you mind telling, how many pairs and hours you do a day?

kk007
  • #1,874
  • Nov 4, 2009 3:53am Nov 4, 2009 3:53am
Quoting kk007
Hi kojak,

Would you mind telling, how many pairs and hours you do a day?

kk007
Hi,
i scan several pairs during the day, i have the pinbar alert file helping me
Here comes the other one...now its lunchtime
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy4nov.JPG Size: 75 KB
  • #1,875
  • Nov 4, 2009 4:05am Nov 4, 2009 4:05am
Quoting kojak
Hi,
i scan several pairs during the day, i have the pinbar alert file helping me
Here comes the other one...now its lunchtime
But would you mind telling, how many pairs and hours you do a day?
If you don't want to tell exactly, that is ok.

Thanks
  • #1,876
  • Nov 4, 2009 4:11am Nov 4, 2009 4:11am
Quoting kojak
i have tried it mate..to be honest i didnt like it..to many false signals..
i like this 5 min system much better...
i have around 3-4 trades/day with Jankone method, and a very nice payoff...i take my 10-15 pip/trade and move on to the next one...
Thanks for having the courtesy to reply. Yes - I like this thread since it has a history one can look over.
every Saint has a past. Every Sinner has a Future
  • #1,877
  • Nov 4, 2009 4:14am Nov 4, 2009 4:14am
Quoting kk007
But would you mind telling, how many pairs and hours you do a day?
If you don't want to tell exactly, that is ok.

Thanks
Sure mate, its no problem telling...
The alert file scan the pa for 12 currency pairs. When there is a pinbar the alarm notice me on the screen. Then i open that chart and looks for divergence..No divergence = i usually dont trade that pair.
I find pin WITH divergence much more safe...

Hours per day i actually dont know... I work on different projects on my computer so im sitting there anyway .
And i used to trade 60 min chart before..But i really like this fast tradingstyle here in 5 min ...In and out, and your done...
And 20-30 pip/day also makes the account grow .....
  • #1,878
  • Nov 4, 2009 4:19am Nov 4, 2009 4:19am
oh i forgot..i trade during london session......
and sometimes london-ny
  • #1,879
  • Nov 4, 2009 4:54am Nov 4, 2009 4:54am
Quoting kojak
Sure mate, its no problem telling...
The alert file scan the pa for 12 currency pairs. When there is a pinbar the alarm notice me on the screen. Then i open that chart and looks for divergence..No divergence = i usually dont trade that pair.
I find pin WITH divergence much more safe...

Hours per day i actually dont know... I work...
Which pinbar alert program are you using?
  • #1,880
  • Nov 4, 2009 5:29am Nov 4, 2009 5:29am
Quoting kojak
Sure mate, its no problem telling...
The alert file scan the pa for 12 currency pairs. When there is a pinbar the alarm notice me on the screen. Then i open that chart and looks for divergence..No divergence = i usually dont trade that pair.
I find pin WITH divergence much more safe...

Hours per day i actually dont know... I work on different projects on my computer so im sitting there anyway .
And i used to trade 60 min chart before..But i really like this fast tradingstyle here in 5 min ...In and out, and your done...
And 20-30 pip/day also...
Thanks a lot kojak.... happy trading!
0 traders viewing now