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James16+Rayanmcd(Jan kone) and ME 7 replies

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Jankone M5 thread

  • #1,921
  • Nov 5, 2009 10:42am Nov 5, 2009 10:42am
Jankone do you enter on break or after pin bar close now?
I read somewhere you mention that on close. Artov enters on break. What about you?
Quoting Jankone
missed this one.
really another example of this method

counter trend with div + pin.
great trade

"Every battle is won before it is ever fought." - Sun-tzu, The Art of War.
  • #1,922
  • Nov 5, 2009 10:46am Nov 5, 2009 10:46am
Plenty of good trades over the last 2 days!!!

I've missed them all - been way too busy at work!!!

good to see all you folks are nailing them thou!!

cheers

Tom
  • #1,923
  • Nov 5, 2009 10:48am Nov 5, 2009 10:48am
you should reveal your style.
1) enter on close. I use this. you need lesser SL but sometimes it's agressive.
2) enter on break of the pinbar, it means it's cofirmed, you need bigger SL but you are sure, it has power.

Quoting Andy12
Jankone do you enter on break or after pin bar close now?
I read somewhere you mention that on close. Artov enters on break. What about you?
  • #1,924
  • Nov 5, 2009 10:50am Nov 5, 2009 10:50am
Two trades today.
1 b/e and 1 loser.

Haven't decided on direction for the day...hidden divergence everywhere both directions...

Happy trading!

Josh
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  • #1,925
  • Nov 5, 2009 10:52am Nov 5, 2009 10:52am
Thank you Jankone! By the way, you are really inspirational person, so much enthusiasm. It is good to be you, I am sure.
Quoting Jankone
you should reveal your style.
1) enter on close. I use this. you need lesser SL but sometimes it's agressive.
2) enter on break of the pinbar, it means it's cofirmed, you need bigger SL but you are sure, it has power.
"Every battle is won before it is ever fought." - Sun-tzu, The Art of War.
  • #1,926
  • Nov 5, 2009 10:55am Nov 5, 2009 10:55am
Sure. If you place a market order and price goes against you, the broker can do 2 things:

1. Fill your order anyway at the old price which would get you in the position at a loss (not counting the spread).

2. Not fill you, but send you a new price which you can either accept or not. That's called a requote.

Quoting Andy12
Artov could you please explain what is the difference between requote and slippage. I still don't know.
  • #1,927
  • Nov 5, 2009 10:58am Nov 5, 2009 10:58am
i see S/R a little more up. if there is this s/r level ...last low would be great tp!

and look, S/R level is not only one tick... it's "bigger" area.
hope you understand what i mean

Quoting Jduester
Two trades today.
1 b/e and 1 loser.

Haven't decided on direction for the day...hidden divergence everywhere both directions...

Happy trading!

Josh
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  • #1,928
  • Nov 5, 2009 11:03am Nov 5, 2009 11:03am
Oanda and other brokers that I used never offer me requote. Well, now I am going to know. Thank you.
Quoting artov
Sure. If you place a market order and price goes against you, the broker can do 2 things:

1. Fill your order anyway at the old price which would get you in the position at a loss (not counting the spread).

2. Not fill you, but send you a new price which you can either accept or not. That's called a requote.
"Every battle is won before it is ever fought." - Sun-tzu, The Art of War.
  • #1,929
  • Nov 5, 2009 1:13pm Nov 5, 2009 1:13pm
I will win.
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  • #1,930
  • Nov 5, 2009 9:13pm Nov 5, 2009 9:13pm
Quoting Jankone
I will win.
Awesome Jankone Thanks for sharing.
where did u get this? who's the author?
or did u make it yourself?
  • #1,931
  • Nov 5, 2009 9:46pm Nov 5, 2009 9:46pm
Quoting Jduester
Two trades today....
Josh,
are these 2 trades purely mechanical, that is... with set TPs (1R/2R), & no intervention from u regardless of PA/price movement at/until your set TPs?

what is that blue(?) dotted line around 1.48625 (bar lows, prior & within your 1st trade)? is it a pivot or self-drawn line?

Thanks!
  • #1,932
  • Nov 6, 2009 2:54am Nov 6, 2009 2:54am
Quoting supremeChaos
Josh,
are these 2 trades purely mechanical, that is... with set TPs (1R/2R), & no intervention from u regardless of PA/price movement at/until your set TPs?

what is that blue(?) dotted line around 1.48625 (bar lows, prior & within your 1st trade)? is it a pivot or self-drawn line?

Thanks!
Hey SC,
Yes, 80% mechanical... the only discretionary part of my trades is moving my stop to b/e, which I generally do when I'm up +/- 1R (or say 8-10pips)...No intervention regardless of ppz... I generally won't take trades that run into ppz/round numbers.

The blue dashed line is the 4:00cst open of the new day... I'm starting to realize that this is a pretty significant ppz...(see my post on J16 with today's new open.. I didn't point it out but it is also a minor ppz).

Always learning, always developing, always eager to hear to what the market is telling me. It's then up to me whether I listen to it or just hear it, lol...

NFP today guys and gals. Careful on these lower tf.

Josh
  • #1,933
  • Nov 6, 2009 3:36am Nov 6, 2009 3:36am
Quoting Jduester
Hey SC,........
The blue dashed line is the 4:00cst open of the new day... I'm starting to realize that this is a pretty significant ppz...(see my post on J16 with today's new open.. I didn't point it out but it is also a minor ppz)....
so that's FXPro's daily open price.
CST = Central Standard Time = GMT - 6 correct?
Thanks Josh.
  • #1,934
  • Nov 6, 2009 4:40am Nov 6, 2009 4:40am
Nice pin, good location, good divergence.....risky day..small position
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All that matters is winning the week
  • #1,935
  • Nov 6, 2009 5:08am Nov 6, 2009 5:08am
Quoting lindsayf
Nice pin, good location, good divergence.....risky day..small position
I took this and got out at b/e when it wasn't moving... I think it's moving now for you... nice trade!
  • #1,936
  • Nov 6, 2009 5:14am Nov 6, 2009 5:14am
closed out at the 21 ma..:-)
All that matters is winning the week
  • #1,937
  • Nov 6, 2009 5:34am Nov 6, 2009 5:34am
CT trade OR No trend trade?

Nice Pin , Div, Fast trade
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Trading is a delicate balance of Strategy , Money management and Psychology
  • #1,938
  • Edited 6:24am Nov 6, 2009 5:43am | Edited 6:24am
This is how I define a trend.

Price needs to break a support/resistance which it did. Then price should test the 21EMA or mid BB and reject it. That's when I know we are in a trend.

But this downtrend didn't survive too long.

Quoting oneuniverse
CT trade OR No trend trade?

Nice Pin , Div, Fast trade
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  • #1,939
  • Nov 6, 2009 5:49am Nov 6, 2009 5:49am
Quoting artov
This is how I define a trend.

Price needs to break a support/resistance which it did. Then price should test the 21EMA or mid BB and reject it. That's when I know we are in a trend.

But this downtrend trend didn't survive too long.
nice view bro ! however i use elliot wave basics + classic HH , HL, LL , LH to judge the trend!
Trading is a delicate balance of Strategy , Money management and Psychology
  • #1,940
  • Nov 6, 2009 6:07am Nov 6, 2009 6:07am
Update

2R done!
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