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James16+Rayanmcd(Jan kone) and ME 7 replies

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Jankone M5 thread

  • #2,041
  • Nov 14, 2009 7:59pm Nov 14, 2009 7:59pm
Quoting giraia_br
what i still have difficult is finding a coherent way to set SL and TP. Not win rate enough to 1:1 and not pips enough to 1:1.5, 1:2, etc. Only me?
I believe some members need to undo their vouches for you. You have 10 vouches and are still finding it difficult to find your TP and SL. Come on. Are you drinking tonight?
  • #2,042
  • Edited 4:49am Nov 15, 2009 3:59am | Edited 4:49am
that's rude... nothing worse when you ask for help and someone makes you feel stupid for asking...

Do you think cos someone has 10v they know it all and are immune form learning....that 'is' stupid...

Quoting GulfCoastPip
I believe some members need to undo their vouches for you. You have 10 vouches and are still finding it difficult to find your TP and SL. Come on. Are you drinking tonight?
  • #2,043
  • Edited 5:32am Nov 15, 2009 4:08am | Edited 5:32am
I'm still perfecting mine so would be happy to thrash it out here....i'm still reading over all of ryans posts to get any insights, tight mm is key to making this work so it's good to discuss Money managment, Stops and profits instead/aswell as posting lots of beautiful pin setups which occur more often than not....

Will post later when have more time

Quoting giraia_br
what i still have difficult is finding a coherent way to set SL and TP. Not win rate enough to 1:1 and not pips enough to 1:1.5, 1:2, etc. Only me?
  • #2,044
  • Nov 15, 2009 7:25am Nov 15, 2009 7:25am
Dear traders,

I have gone through all the post of Ryan and really appreciate the expertise and wisdom of Ryan.

I have compiled the best posts of Ryan right from his very first post uptill now. I suggest you read this compilation. I am sure about the enlightenment you will receive.

I have categorised the posts into

Trading Psychology

Money and Risk Management

Trade management

Game plan

This is a read and re read until it sinks into your subconscious.

All views welcome

However, this is not a substitue for his work, you may go through all his posts on the thread.

Ryan, i hope you dont mind.

Again many thanks to Ryan

Cheers
Wisnton
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File Type: zip best posts from Ryan.zip   2.3 MB | 1,218 downloads
Trading is a delicate balance of Strategy , Money management and Psychology
  • #2,045
  • Nov 15, 2009 9:16am Nov 15, 2009 9:16am
Great work !

People like you make this thread better and better


Quoting oneuniverse
Dear traders,

I have gone through all the post of Ryan and really appreciate the expertise and wisdom of Ryan.

I have compiled the best posts of Ryan right from his very first post uptill now. I suggest you read this compilation. I am sure about the enlightenment you will receive.

I have categorised the posts into

Trading Psychology

Money and Risk Management

Trade management

Game plan

This is a read and re read until it sinks into your subconscious.

All views welcome

However, this is not a substitue for his work, you may go through...
  • #2,046
  • Nov 15, 2009 9:58am Nov 15, 2009 9:58am
Quoting Jankone
Great work !

People like you make this thread better and better

people like you truely inspire me to do so................
Trading is a delicate balance of Strategy , Money management and Psychology
  • #2,047
  • Nov 15, 2009 12:07pm Nov 15, 2009 12:07pm
Thanks...

Quoting oneuniverse
Dear traders,

I have gone through all the post of Ryan and really appreciate the expertise and wisdom of Ryan.

I have compiled the best posts of Ryan right from his very first post uptill now. I suggest you read this compilation. I am sure about the enlightenment you will receive.

I have categorised the posts into

Trading Psychology

Money and Risk Management

Trade management

Game plan

This is a read and re read until it sinks into your subconscious.

All views welcome

However, this is not a substitue for his...
  • #2,048
  • Nov 15, 2009 7:45pm Nov 15, 2009 7:45pm
This is my first Jankone trade. Watched it like a hawk. +10 --Pin with trend at swing low off round number and ema 21. I guess that's how it's done? Comments welcome.

K.I.S.S.
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  • #2,049
  • Nov 15, 2009 8:12pm Nov 15, 2009 8:12pm
Quoting KissFan
This is my first Jankone trade. Watched it like a hawk. +10 --Pin with trend at swing low off round number and ema 21.
Nice trade, Sir.
not sleeping yet? or woke up early?
  • #2,050
  • Nov 15, 2009 8:15pm Nov 15, 2009 8:15pm
Quoting supremeChaos
Nice trade, Sir.
not sleeping yet? or woke up early?
I'm about to hit the sack. I guess you are up early over on that side of the blue marble?

K.I.S.S.
  • #2,051
  • Nov 15, 2009 8:28pm Nov 15, 2009 8:28pm
Quoting KissFan
I'm about to hit the sack. I guess you are up early over on that side of the blue marble?
not really early, but yes, im on the other side of it.
sweet motocross dreams
  • #2,052
  • Nov 16, 2009 7:52am Nov 16, 2009 7:52am
Quoting redart007
I'm still perfecting mine so would be happy to thrash it out here....i'm still reading over all of ryans posts to get any insights, tight mm is key to making this work so it's good to discuss Money managment, Stops and profits instead/aswell as posting lots of beautiful pin setups which occur more often than not....

Will post later when have more time
many thanks for reply redart007

my main problem is with CT trades. Price will stop at middle BB many times, and if you trade only pins with long tails, 1:1 is what you can aim. Iam not comfortable with 1:1.
  • #2,053
  • Nov 16, 2009 8:17am Nov 16, 2009 8:17am
Thats right, many times price stalls or pauses at middle BB. Thats where discretion comes into play. If price on the next bar or 2, after the set up pin bar, plunges through middle band with momentum and closes there, chances are it'll continue to outer band. If it pauses at middle BB and strongly reverses, leaving a long pin bar going with the trend I close the trade before SL is hit. If it pauses and hangs out there for a number of bars, I might close it or at least set my SL to BE, saving me from a loss, so its a work in progress and sometimes helps to watch it rather then set and forget, although like Jankone has said, those are sometimes my best trades because I'm not there to use my discretion!



Quoting giraia_br
many thanks for reply redart007

my main problem is with CT trades. Price will stop at middle BB many times, and if you trade only pins with long tails, 1:1 is what you can aim. Iam not comfortable with 1:1.
  • #2,054
  • Nov 16, 2009 8:32am Nov 16, 2009 8:32am
I find the whole voucher system rather funny, and certainly not antiquate in determining who the successful traders are! What I see is that a lot of "traders" that are good at BS get all the vouchers because of the buddy system and ego stroking going on, while the more reserved traders may go unnoticed, because they may just not be as good at Gab...



Quoting GulfCoastPip
I believe some members need to undo their vouches for you. You have 10 vouches and are still finding it difficult to find your TP and SL. Come on. Are you drinking tonight?
  • #2,055
  • Nov 16, 2009 8:44am Nov 16, 2009 8:44am
Live trade

CT or no trend?

Nice Pin , off BB , BB flats , ok Div
looking for 5R

Cheers
Winston
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Trading is a delicate balance of Strategy , Money management and Psychology
  • #2,056
  • Nov 16, 2009 8:53am Nov 16, 2009 8:53am
Winston, that Div...isnt a Div....open up your RSI again and recheck...but the trade looks like its working out...?

Quoting oneuniverse
Live trade

CT or no trend?

Nice Pin , off BB , BB flats , ok Div
looking for 5R

Cheers
Winston
  • #2,057
  • Nov 16, 2009 8:56am Nov 16, 2009 8:56am
Quoting redart007
Winston, that Div...isnt a Div....open up your RSI again and recheck...but the trade looks like its working out...?

oh yes Red!
Trading is a delicate balance of Strategy , Money management and Psychology
  • #2,058
  • Edited 10:19am Nov 16, 2009 10:09am | Edited 10:19am
Hey guys, 1st post here. I've been doing a lot of reading on this technique, as well as J16's. Quick question for you- If a pinbar takes a couple to a few bars to break, do you still take the trade even though it didn't break fairly quickly? I know some people place their orders immediately after bar close, but I'm definitely one of those that waits for a break to confirm. Thanks for the help.

IE: USD/JPY m5 bullish PB. (I see it's CT which probably would have been a good reason not to take it after the hesitation?)
  • #2,059
  • Nov 16, 2009 11:26am Nov 16, 2009 11:26am
Quoting HawkI
Hey guys, 1st post here. I've been doing a lot of reading on this technique, as well as J16's. Quick question for you- If a pinbar takes a couple to a few bars to break, do you still take the trade even though it didn't break fairly quickly? I know some people place their orders immediately after bar close, but I'm definitely one of those that waits for a break to confirm. Thanks for the help.

IE: USD/JPY m5 bullish PB. (I see it's CT which probably would have been a good reason not to take it after the hesitation?)
If you are waiting for the break of the pinbar, then it's a good idea and common practice to pull your order if it doesn't break in the next bar.

Josh
  • #2,060
  • Nov 16, 2009 11:31am Nov 16, 2009 11:31am
Here is a trade I just took off 365/150 BEOB. I'm really enjoying this method.

K.I.S.S.
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