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James16+Rayanmcd(Jan kone) and ME 7 replies

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Jankone M5 thread

  • #1,981
  • Nov 10, 2009 6:55pm Nov 10, 2009 6:55pm
Quoting Jankone
Yes j16 is great. I've learned a lot things about trading in there and got inspired by Ryanmcd. Later, I've found my own style and just made this thread for m5.. j16 is more about daily and weekly ...
I don't have patience for weekly trades lol...
J. - thanks for starting this thread. I am demoing your strategy on the 15M TF, do you suggest any tweaks or changes as compared to the 5M?

Thanks again, p.
  • #1,982
  • Nov 10, 2009 7:14pm Nov 10, 2009 7:14pm
Quoting piprac
J... I am demoing your strategy on the 15M TF, do you suggest any tweaks or changes as compared to the 5M?
it's up to u to make changes.
but for purity, no changes needed. this is applicable in any TF.
u can find he (& others) posts M15 charts/trades here too.
  • #1,983
  • Nov 11, 2009 5:00am Nov 11, 2009 5:00am
I took this 'pin' with-trend off the previous highs.

But some GBP inflation reports caused g/u to fall 150+ pips and e/u briefly followed, hitting my stop.

Too bad as it would have reached 2R for me.

I haven't decided if I need to avoid any and all news or if I should just ignore it and have these situations sometimes...

Josh
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  • #1,984
  • Nov 11, 2009 5:09am Nov 11, 2009 5:09am
Quoting Jduester
I took this 'pin' with-trend off the previous highs.

But some GBP inflation reports caused g/u to fall 150+ pips and e/u briefly followed, hitting my stop.

Too bad as it would have reached 2R for me.

I haven't decided if I need to avoid any and all news or if I should just ignore it and have these situations sometimes...

Josh
Bro , same trade , almost same reason and the stop was hit!
nevermind, waiting for next one
Trading is a delicate balance of Strategy , Money management and Psychology
  • #1,985
  • Nov 11, 2009 5:47am Nov 11, 2009 5:47am
I took this one this morning but came unstuck quite quickly.
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  • #1,986
  • Nov 11, 2009 6:01am Nov 11, 2009 6:01am
Quoting pipsulike
I took this one this morning but came unstuck quite quickly.
there was no valid pinbar!
we need to take best of the best setups for longterm consistency
Trading is a delicate balance of Strategy , Money management and Psychology
  • #1,987
  • Nov 11, 2009 6:16am Nov 11, 2009 6:16am
Quoting oneuniverse
there was no valid pinbar!
we need to take best of the best setups for longterm consistency
That'll be why it didnt work then!

Thanks One
  • #1,988
  • Nov 11, 2009 8:30am Nov 11, 2009 8:30am
hello...
took this counter trend one...
it's ranging now... Will probably not wait longer to exit...
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  • #1,989
  • Edited 10:20am Nov 11, 2009 9:56am | Edited 10:20am
4 hour bearish pin, check. Bias is to the downside for me with that in play.

Then along comes this beauty.

As with all great things, you do see a little bad in between however. I took a loss on the usd/cad moments before this trade...for a loss of 8 pips. Just absolutely awful...
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I dream, therefore I become.
  • #1,990
  • Nov 11, 2009 10:18am Nov 11, 2009 10:18am
Quoting mike w
4 hour bearish pin, check. Bias is to the downside for me with that in play.

Then along comes this beauty.
Caught that. Beautiful divergence too.

I'm a 2R man at the moment but I'd sure like to develop my skills so I can stay in some of these longer. Just time and practice like the big guy says.

But this was an absolute peach....
  • #1,991
  • Nov 11, 2009 10:25am Nov 11, 2009 10:25am
Quoting TiaForex
Caught that. Beautiful divergence too.

I'm a 2R man at the moment but I'd sure like to develop my skills so I can stay in some of these longer. Just time and practice like the big guy says.

But this was an absolute peach....
Yes sir, fantastic trade today. I actually exited at 1.4970. I just look at S/R on the hourly and 4 hour and get a solid idea of where it's headed to.
It's funny too how you can "sense" when it's going to break hard. It's also funny that the sensing happens almost every time when the trades are in line with higher timeframe setups in the same direction.

Go back through and see all the 4 hour timeframe setups in a particular direction and then you can move down to the 5 minute. On the 5 minute, if a trade develops in the overall direction, it's money man.
I dream, therefore I become.
  • #1,992
  • Nov 11, 2009 10:28am Nov 11, 2009 10:28am
Quoting mike w
Yes sir, fantastic trade today....
Bingo. Just what I was after.

Man, that post, plus the Jankone/Ryan method.....it's the keys to the kingdom.
  • #1,993
  • Nov 11, 2009 11:15am Nov 11, 2009 11:15am
nice pin, plus divergence on e/u
  • #1,994
  • Nov 11, 2009 11:21am Nov 11, 2009 11:21am
Hourly pin , PPZ

5min pin bar with the trend

Views appreciated!

Inspired from Mikew and Tiaforex

Cheers
Winston
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Trading is a delicate balance of Strategy , Money management and Psychology
  • #1,995
  • Nov 11, 2009 11:36am Nov 11, 2009 11:36am
30min AU ppz and tails in rectangle

5min AU CT trade
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Trading is a delicate balance of Strategy , Money management and Psychology
  • #1,996
  • Edited 3:50pm Nov 11, 2009 2:37pm | Edited 3:50pm
Quoting Jduester
I took this 'pin' with-trend off the previous highs.

But some GBP inflation reports caused g/u to fall 150+ pips and e/u briefly followed, hitting my stop.

Too bad as it would have reached 2R for me.

I haven't decided if I need to avoid any and all news or if I should just ignore it and have these situations sometimes...

Josh
150 pips, are you serious? Who do you trade with?

Also how does that work? Do you take a 150 pip loss, or does it still trigger your stop at the normal spot?
  • #1,997
  • Nov 11, 2009 3:12pm Nov 11, 2009 3:12pm
Quoting mike w
4 hour bearish pin, check. Bias is to the downside for me with that in play.

Then along comes this beauty.

As with all great things, you do see a little bad in between however. I took a loss on the usd/cad moments before this trade...for a loss of 8 pips. Just absolutely awful...

Hi Mike,
great trade by the way, I am still relatively new to trading forex and trying to learn from this great thread. Just a quick question for you, looking at the Eur/Usd am i right in thinking that there is now a bullish candle on the 4hr chart with divergance so would you be looking to get long in the 5min TF should the right pinbar appear?

I have marked the chart with what I assume to be the div you mentioned in your post and the one i am talking about.

Thanks in advance
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  • #1,998
  • Nov 11, 2009 7:23pm Nov 11, 2009 7:23pm
Quoting oneuniverse
30min AU ppz and tails in rectangle

5min AU CT trade
the CHF/JPY trade almost run 1.5R and the stoploss was hit thereafter

AU trade has run 10R
This TP was hit when i was having a good nite's sleep


This week update
4 trades

winners 2
losers 2

Winners made 20%
losers took out 2%

Total weekly gain 18%

See ya next week since i am out for personal commitments

Cheers
Winston
Trading is a delicate balance of Strategy , Money management and Psychology
  • #1,999
  • Nov 12, 2009 6:41am Nov 12, 2009 6:41am
Morning all,
this is a trade that i took this morning, a long time in proving fruitfull, but worth the wait i think, I had good DIV on the 4 hr chart and a nice pin bar on the 15M chart, placed my stop just above the marked pin on the 15M and then played cards for a LOOOOOONG time.

This trade is down to Mike and the example he showed us the other day.

Cheers Mike
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  • #2,000
  • Nov 12, 2009 8:34am Nov 12, 2009 8:34am
Quoting TiaForex
Bingo. Just what I was after.

Man, that post, plus the Jankone/Ryan method.....it's the keys to the kingdom.

lol Glad I could help everyone out, I don't sit around on this site much anymore because it clogs my brain and I look for new ways to trade and lose money and that's just not good. But I have been doing it for years with the BB and RSI and it worked even before I knew about this site or what forex was. I do read my PM's as it goes to my e-mail so if you really need something shoot me a PM, but don't ask dumb stuff.

I hope you all do well at this and it makes your life better from a $$$ view but don't let it run your life either.
Keep taking CT trades, I need more money
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