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James16+Rayanmcd(Jan kone) and ME 7 replies

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Jankone M5 thread

  • #1,901
  • Nov 5, 2009 6:55am Nov 5, 2009 6:55am
Quoting kojak
Hi,
this is the alert that im using..It will pop up a window on your computer: pin bar alert on eur/usd or something..
Pretty basic, and it doesnt take any notice where the pin is located....
So sometimes there is no divergence, and sometimes there is no good location of the pin..But it does the hard job for you, looking at all your pairs at the same time :nerd:

Everytime i get an alert, i open the chart and look for divergence and the location of pin..If it looks good i just go for it...

And BEFORE i take the trade i plot my exitlevels as...
do you need any settings to be on/off for it to work ? i drag and drop it to the chart and nothing happens

thanks
  • #1,902
  • Nov 5, 2009 7:18am Nov 5, 2009 7:18am
Two last night were closed for 140 and 60 pips respectively. Here's one today that I plan to see build into a running position. When news comes out, my stops will be at B/E so no worries there. Usd/cad.
Attached Image(s) (click to enlarge)
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I dream, therefore I become.
  • #1,903
  • Nov 5, 2009 7:49am Nov 5, 2009 7:49am
Quoting oneuniverse
Will forward test 10R
with 10R , even if stop is hit 80% of time ,
we make 10*2-8*1 = 12% on 10 trades with 1% risk
we make 20*2-8*2= 24% on 10 trades with 2% risk

Any views appreciated
Have you read this? I think it is quite true.

Quoting fat_tom
Kakyn,

I have played around with differing SL strategies both live and backtesting with this method and I have come to this conclusion...

Its up to you! and what suits you from a psychological point of view!!

move to BE will lessen both your losses and wins - if this suits you then I would continue to do it (It suits me but I don't like loosing! - but I recognise this as a failure on my part and something I really need to accept but thats for another post!)

trailing stops vs 2:1 R gives very similar results I think - lots of trades go 2R...
  • #1,904
  • Nov 5, 2009 7:53am Nov 5, 2009 7:53am
Everyone took that lose, or someone found something about this trade that allows him avoid the lose?
Attached Image (click to enlarge)
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"Every battle is won before it is ever fought." - Sun-tzu, The Art of War.
  • #1,905
  • Nov 5, 2009 7:57am Nov 5, 2009 7:57am
Quoting Andy12
Everyone took that lose, or someone found something about this trade that allows him avoid the lose?
You traded right in the news. I don't know if anybody else takes news into effect while on the 5 minute but I know I do.
I dream, therefore I become.
  • #1,906
  • Nov 5, 2009 8:00am Nov 5, 2009 8:00am
Thanks Mike, my bad.
Quoting mike w
You traded right in the news. I don't know if anybody else takes news into effect while on the 5 minute but I know I do.
"Every battle is won before it is ever fought." - Sun-tzu, The Art of War.
  • #1,907
  • Nov 5, 2009 8:01am Nov 5, 2009 8:01am
Pin didn't break to the downside.

Quoting Andy12
Everyone took that lose, or someone found something about this trade that allows him avoid the lose?
  • #1,908
  • Nov 5, 2009 8:05am Nov 5, 2009 8:05am
Quoting Andy12
Thanks Mike, my bad.
No worries man, it happens. It happened to me just the other day. I think it also stems into momentum. When those moves happen, momentum picks up. You need to make sure you're on the right side of it.
I dream, therefore I become.
  • #1,909
  • Nov 5, 2009 8:08am Nov 5, 2009 8:08am
I found that most people here use only regular divergence. For those who also use hidden divergence, may I ask whether it is less reliable to use hidden divergence than regular divergence.

Thanks a lot.

For defintion: http://www.babypips.com/school/diver...eat_sheet.html
  • #1,910
  • Nov 5, 2009 8:32am Nov 5, 2009 8:32am
nice trend pin with hidden divergence on gold for +20
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All that matters is winning the week
  • #1,911
  • Edited 8:38am Nov 5, 2009 8:33am | Edited 8:38am
Thanks, so do you always enter on break? I read in many posts that Jankone enters when pin candle close. Or is it only true for CT?
Quoting artov
Pin didn't break to the downside.
"Every battle is won before it is ever fought." - Sun-tzu, The Art of War.
  • #1,912
  • Nov 5, 2009 9:04am Nov 5, 2009 9:04am
Yes, always on the break.

Some enter on the close, but I have found it to save me many losers by not doing that.

Quoting Andy12
Thanks, so do you always enter on break? I read in many posts that Jankone enters when pin candle close. Or is it only true for CT?
  • #1,913
  • Nov 5, 2009 9:41am Nov 5, 2009 9:41am
Very interesting, it make sense. What about slippage, is it issue for you? I remember I was so frustrated once when at times 8 out of 10 my trades was with slippage.
Quoting artov
Yes, always on the break.

Some enter on the close, but I have found it to save me many losers by not doing that.
"Every battle is won before it is ever fought." - Sun-tzu, The Art of War.
  • #1,914
  • Nov 5, 2009 9:52am Nov 5, 2009 9:52am
Quoting kk007
I found that most people here use only regular divergence. For those who also use hidden divergence, may I ask whether it is less reliable to use hidden divergence than regular divergence.

Thanks a lot.

For defintion: http://www.babypips.com/school/diver...eat_sheet.html
I find both equally reliable
  • #1,915
  • Nov 5, 2009 10:03am Nov 5, 2009 10:03am
Quoting Jduester
I find both equally reliable
Thanks Jduester,

I think your comment should be reliable indeed!

kk007
  • #1,916
  • Nov 5, 2009 10:14am Nov 5, 2009 10:14am
Quoting Andy12
Thanks, so do you always enter on break? I read in many posts that Jankone enters when pin candle close. Or is it only true for CT?
i always enter on the break as well...
read this for pinbar trading...
happy trading..

and regarding the news..i always stays out on 5 min charts...
way to choppy for me..
Attached File(s)
File Type: pdf Pin%20bars-introduction[1].pdf   175 KB | 761 downloads
  • #1,917
  • Nov 5, 2009 10:22am Nov 5, 2009 10:22am
My broker never puts me with slippage in a position, instead offers a requote (much better than slippage). Sometimes it does happen.

Quoting Andy12
Very interesting, it make sense. What about slippage, is it issue for you? I remember I was so frustrated once when at times 8 out of 10 my trades was with slippage.
At the moment we are dealing with a PPZ. I'm looking to avoid any pin which goes into the PPZ, that's just unnecessary extra risk.
Attached Image(s) (click to enlarge)
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  • #1,918
  • Nov 5, 2009 10:23am Nov 5, 2009 10:23am
Thanks Kojak.
Quoting kojak
i always enter on the break as well...
read this for pinbar trading...
happy trading..

and regarding the news..i always stays out on 5 min charts...
way to choppy for me..
"Every battle is won before it is ever fought." - Sun-tzu, The Art of War.
  • #1,919
  • Nov 5, 2009 10:35am Nov 5, 2009 10:35am
missed this one.
really another example of this method

counter trend with div + pin.
great trade

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  • #1,920
  • Nov 5, 2009 10:38am Nov 5, 2009 10:38am
Artov could you please explain what is the difference between requote and slippage. I still don't know.
Quoting artov
My broker never puts me with slippage in a position, instead offers a requote (much better than slippage). Sometimes it does happen.



At the moment we are dealing with a PPZ. I'm looking to avoid any pin which goes into the PPZ, that's just unnecessary extra risk.
"Every battle is won before it is ever fought." - Sun-tzu, The Art of War.
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