Jankone M5 thread | Page 104 | 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

  • #2,061
  • Nov 16, 2009 2:13pm Nov 16, 2009 2:13pm
Quoting Jduester
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
Josh,

I do it 2 ways...

with trend? - Pull the trade if it doesn't go next bar

CT? - often seen these almost not go or retrace like 50% for a couple of bars and then bang your in and they often go well... - I like these they seem to me to go and you've done the retracement thing before actually going in on the trade - less risk!

Again it might be my limited experience but its happened this way a good few times for me with good results...

Tom
  • #2,062
  • Nov 16, 2009 2:13pm Nov 16, 2009 2:13pm
Quoting KissFan
Here is a trade I just took off 365/150 BEOB. I'm really enjoying this method.

K.I.S.S.
Kiss, nice trade with the BEOB.. Have you made many other trades with J16 PA techniques with this setup on M5? If so how has it worked out for you?
  • #2,063
  • Nov 16, 2009 5:44pm Nov 16, 2009 5:44pm
Well, I didn't see anything on the 5M EU today. Nada. I only trade the Jankone setups and there was nothing there for me.

Next.
  • #2,064
  • Nov 16, 2009 6:18pm Nov 16, 2009 6:18pm
Quoting HawkI
Kiss, nice trade with the BEOB.. Have you made many other trades with J16 PA techniques with this setup on M5? If so how has it worked out for you?
Just pins so far and then this BEOB. I have only a half dozen trades under my belt. I can't help but plot a trendline in there as well from time to time. I will trade this, RTL and regular ole' J16 stuff. If I want to trade a few hrs and then go do something fun or for persoanl reasons this seems to be a way to do that.

K.I.S.S.
  • #2,065
  • Nov 16, 2009 6:20pm Nov 16, 2009 6:20pm
Quoting TiaForex
Well, I didn't see anything on the 5M EU today. Nada. I only trade the Jankone setups and there was nothing there for me.

Next.
Saw nothing there either Aaron. The EU and $CHF were quirky today. Cable gave me a nice long signal last night. This method will definately keep you on your toes.

K.I.S.S.
  • #2,066
  • Edited 7:01pm Nov 16, 2009 6:44pm | Edited 7:01pm
Quoting KissFan
Saw nothing there either Aaron. The EU and $CHF were quirky today. Cable gave me a nice long signal last night. This method will definately keep you on your toes.

K.I.S.S.
It really does Roger. I am sticking to one pair at the moment until I have some months of proven profitability. The thing that I like least about this method is that it does distract me from trading other styles which I do like to do. Requires a lot of attention. But it's the most lucrative and simple method on the factory in my opinion so well worth a look. The key seems to be avoiding mediocre setups.

Funny day in the markets today. More winding tight, EU messed around till Bernanke cleared his throat at lunchtime EST and then went bananas briefly. The NZD pairs still resolutely refusing to fill that gap. And the yens winding tighter than a floor trader's arteries. Only the metals moved. I spoke to a few traders today all of whom said the same thing "Man I wish I was still long gold" lol....I'm going to buy the next pullback and sit on it.

Other than that an unusually quiet monday. But I feel like something is going to happen this week across the markets.

Oops, that's something of a thread hijack. Sorry. Just idle intramarket musings.
  • #2,067
  • Nov 16, 2009 6:55pm Nov 16, 2009 6:55pm
Thanks for doing this, it is really cool. This is very good contribution.
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...
"Every battle is won before it is ever fought." - Sun-tzu, The Art of War.
  • #2,068
  • Nov 16, 2009 7:07pm Nov 16, 2009 7:07pm
Here's one of my better scalps for +18

Yes I know I jumped in earlly but it looked so good for an entry, what with a round number, resistance, divergence, and a retrace on the H4 Pin bar, it was predictable.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 113 KB
  • #2,069
  • Nov 17, 2009 1:04am Nov 17, 2009 1:04am
Nice Pin, Div , off BB

CT trade
Attached Image (click to enlarge)
Click to Enlarge Name: 11 chf jpy 15min.gif Size: 25 KB
Trading is a delicate balance of Strategy , Money management and Psychology
  • #2,070
  • Nov 17, 2009 1:14am Nov 17, 2009 1:14am
Quoting Andy12
Thanks for doing this, it is really cool. This is very good contribution.
Andy, thanx for it! IMO if i had uploaded the EA , i bet there would have been hundreds of download . It is very sad that people spend their time mastering and curve fitting the setup. What is more important is strengthening our own muscles of pysche and trade management instead of finding a high percent system. I think a very high percent system gives mental releif from loss, but Ryan's posts teach us to beat the beast within us for a true trading success. Just beat it! Just beat it!

Cheers
Winston
Trading is a delicate balance of Strategy , Money management and Psychology
  • #2,071
  • Nov 17, 2009 1:23am Nov 17, 2009 1:23am
Quoting dbeach777
Here's one of my better scalps for +18

Yes I know I jumped in earlly but it looked so good for an entry, what with a round number, resistance, divergence, and a retrace on the H4 Pin bar, it was predictable.

great trade! missed it , keep the good going on
Trading is a delicate balance of Strategy , Money management and Psychology
  • #2,072
  • Nov 17, 2009 1:40am Nov 17, 2009 1:40am
Quoting oneuniverse
Nice Pin, Div , off BB

CT trade

Update

2 trades hit stoploss

down 2%
hiding in the bush for the next one......i am sure at one point i could catch big enough to recover my spent energy

this is how i am trading Ryan / jankone basesetup with great weekly gains

cheers
Winston
Trading is a delicate balance of Strategy , Money management and Psychology
  • #2,073
  • Edited 4:32am Nov 17, 2009 3:50am | Edited 4:32am
This looked good, but should have waited for it to break...maybe the pin could have tested the 21 and middle BB too...hindsight...keep learning...its wasnt a good pin at all...
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 28 KB
  • #2,074
  • Nov 17, 2009 4:02am Nov 17, 2009 4:02am
Quoting redart007
This looked good, but should have waited for it to break...maybe the pin could have tested the 21 and middle BB too...hindsight...keep learning...
It doesn`t look good at all. Notice that your pin ( with whole body ) is inside long red candle and no div.
  • #2,075
  • Nov 17, 2009 4:11am Nov 17, 2009 4:11am
Your right...

Quoting kodziro
It doesn`t look good at all. Notice that your pin ( with whole body ) is inside long red candle and no div.
  • #2,076
  • Nov 17, 2009 4:42am Nov 17, 2009 4:42am
falling knife
Attached Image (click to enlarge)
Click to Enlarge Name: aud usd 15min.gif Size: 24 KB
Trading is a delicate balance of Strategy , Money management and Psychology
  • #2,077
  • Nov 17, 2009 4:53am Nov 17, 2009 4:53am
another knife
Attached Image (click to enlarge)
Click to Enlarge Name: eu 5min.gif Size: 23 KB
Trading is a delicate balance of Strategy , Money management and Psychology
  • #2,078
  • Nov 17, 2009 6:05am Nov 17, 2009 6:05am
Quoting oneuniverse
another knife
b/e for me on this... plenty of room to realize it didn't have momentum higher. Hope no one took a loss on this CT trade.
  • #2,079
  • Nov 17, 2009 6:38am Nov 17, 2009 6:38am
Longed EU 4870, m15 pin
  • #2,080
  • Nov 17, 2009 7:00am Nov 17, 2009 7:00am
Quoting Sim
Longed EU 4870, m15 pin
with you
Attached Image (click to enlarge)
Click to Enlarge Name: eu 15min.gif Size: 26 KB
Trading is a delicate balance of Strategy , Money management and Psychology
2 traders viewing now