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James16+Rayanmcd(Jan kone) and ME 7 replies

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Jankone M5 thread

  • #2,141
  • Nov 20, 2009 9:37am Nov 20, 2009 9:37am
Bit slow now...
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  • #2,142
  • Nov 20, 2009 10:35am Nov 20, 2009 10:35am
Hi there,

First of all thanks to Jankone for such great thread to put all to gather from Ryanmcd and your experience. Secondly to all who is shearing collected materials from all thread and making some good presentations materials, reading files and good indicators.

Now back to me, i just start follow thread two weeks ago, have more spend time on reading charts here, as i have been following J16 thread for one year now. Using J16 method started to earn some money, not much but at least no minuses for almost 8 months. Find out here that this system is really similar, just here everything happen in some minutes. So what i want to say, that what i was waiting when trade 1d and 4h for some days to get in to trade, now with this method you can find almost every day some good trading opportunities.
This week for me was first when i started demo, was up and down, find my mistakes and trying to follow rules week ends with nice profit.
Today lot of settings where good but fail, here is my last try.

Again thanks for great thread, hope to join your thread and shear my results.
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  • #2,143
  • Nov 20, 2009 4:46pm Nov 20, 2009 4:46pm
Mr Jankone
Would you have traded the CT setup off the 1.48 area today? I thought the pin was unconvincing and it didnt penetrate the 148 level so I passed. Also I was of the view that the down trend was strong and needed a better setup to reverse it. I was wrong but do you think my thinking is on the right track?

thanks
Lindsay
All that matters is winning the week
  • #2,144
  • Nov 20, 2009 5:32pm Nov 20, 2009 5:32pm
post up the chart.
it's clearly and simply

Quoting lindsayf
Mr Jankone
Would you have traded the CT setup off the 1.48 area today? I thought the pin was unconvincing and it didnt penetrate the 148 level so I passed. Also I was of the view that the down trend was strong and needed a better setup to reverse it. I was wrong but do you think my thinking is on the right track?

thanks
Lindsay
  • #2,145
  • Nov 20, 2009 5:38pm Nov 20, 2009 5:38pm
What do you think?
Is it a good setup?
All that matters is winning the week
  • #2,146
  • Nov 20, 2009 5:39pm Nov 20, 2009 5:39pm
sorry
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All that matters is winning the week
  • #2,147
  • Nov 22, 2009 12:12pm Nov 22, 2009 12:12pm
yes, smaller pin but round number, div...

i think this one was possible for trade.

Quoting lindsayf
sorry
  • #2,148
  • Nov 22, 2009 11:34pm Nov 22, 2009 11:34pm
I've been lurking here for awhile.
Just want to say that this methodology rocks.

I mainly trade the 1hour using 4hour as bird's eye view, but in essence, I trade the same thing as you guys.

PBs with the trend. CT must be divergences off confluence with PB in 2nd leg.
Awesome stuff.

EDIT: Wash rinse repeat
One Mind, Any Market
  • #2,149
  • Nov 23, 2009 1:26am Nov 23, 2009 1:26am
Classic Ryan Setup : UpTrend + Pin Bar off Mid BB and 21EMA
missed on this one , would have traded this for 3R because of over head PPZ resistance
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Trading is a delicate balance of Strategy , Money management and Psychology
  • #2,150
  • Nov 23, 2009 6:03am Nov 23, 2009 6:03am
Still running...I like the way this pin has almost fallen out of the BB...
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  • #2,151
  • Nov 23, 2009 6:07am Nov 23, 2009 6:07am
EU M5

looking for 5015 to 5030 for best CT setup

Reasons :
1) 1.5000 strong round number
2) PPZ H4 strong resistance
Trading is a delicate balance of Strategy , Money management and Psychology
  • #2,152
  • Nov 23, 2009 6:24am Nov 23, 2009 6:24am
Also R2 Resistance @ 1.49990

Quoting oneuniverse
EU M5

looking for 5015 to 5030 for best CT setup

Reasons :
1) 1.5000 strong round number
2) PPZ H4 strong resistance
  • #2,153
  • Nov 23, 2009 6:33am Nov 23, 2009 6:33am
Yea, H4 trend line has been broken, as has the last inside bar, so we may see .5030 however, I'm watching at these levels as well as a reversal could happen now... also watching GU

Lets all have a great week!


Quoting redart007
Also R2 Resistance @ 1.49990
  • #2,154
  • Edited 7:30am Nov 23, 2009 7:09am | Edited 7:30am
Hey Redart, I have a couple forex accounts and because of server time differences, my daily pivot calculations are very different on the different brokers. I notice you mentioned .4999 as being your R2. My mbt account has that same R2 but because I believe most brokers use a different server time, I don't use mbt server time for my pivots but the other, which has R2 at .50327. Have you used these pivots with success on this server time? I'd like to hear more about this and traders experience with it.
Also, is it possible to change server time on meta trader?


Quoting redart007
Also R2 Resistance @ 1.49990
  • #2,155
  • Nov 23, 2009 7:31am Nov 23, 2009 7:31am
Quoting redart007
Still running...I like the way this pin has almost fallen out of the BB...
That was a beauty redart.
  • #2,156
  • Nov 23, 2009 8:48am Nov 23, 2009 8:48am
Hello Jankone,
Congratulations for the thread, I´ve been lurkin´since you started it and learning a lot, big thanks for sharing this stuff for free!

I´m not so good at recognizing divergence in the right time I´m wonder if some of you guys have an indi that does not lag..I have one CCI divergence indi. but it alerts the divergence too late(two bars after it happened) I´ll appreciate if someone could give me some advice on that one.

Thank you all.
  • #2,157
  • Nov 23, 2009 10:03am Nov 23, 2009 10:03am
Hi,

Since there are so many different pivots levels banded around and they all seem to vary slightly...I did some research into what constituted an accurate pivot and associated res and sup levels - mostly around here at FF.

Alot of reading and searching and found many considered the pivots on actionforex .com as being accurate and legit...

http://www.actionforex.com/technical...-200603205734/


I then went about finding an accurate pivot indicator...I downloaded and tested a ton of them and found the enclosed one to be the most accurate in that it ties in very closely with those on action FX...

Today from my charts price reached 1.49980 and then reversed...! also today Action FX also had R2 at 1.4999! same as i called it.. - having this coroborated gives me confidence in these levels as 'possible' turning points.

Its a great indicator too as shows yesterdays highs and lows and can be customised with mid pivs, sweet spots...fibs...enjoy...

I remember an experienced trader saying about pivots that everyone else is watching them so you should too and that they are one of the few truly predictive indicators. Like everything when it comes to trading as Ryan said - it all works and it all doesn't, but pivots can be an aid no doubt.

As for server times, not sure - I'm using data through ODL...

Hope it helps

Cheers 007

Quoting dbeach777
Hey Redart, I have a couple forex accounts and because of server time differences, my daily pivot calculations are very different on the different brokers. I notice you mentioned .4999 as being your R2. My mbt account has that same R2 but because I believe most brokers use a different server time, I don't use mbt server time for my pivots but the other, which has R2 at .50327. Have you used these pivots with success on this server time? I'd like to hear more about this and traders experience with it.
Also, is it possible to change server time on...
Attached File(s)
File Type: mq4 Pivots (SDX-TzPivots) 3.mq4   23 KB | 343 downloads
File Type: ex4 Pivots (SDX-TzPivots) 3.ex4   21 KB | 295 downloads
  • #2,158
  • Nov 23, 2009 10:12am Nov 23, 2009 10:12am
Hi Tia, Yeah was a good one... I closed half my position off at previous high and left the rest on and then the Existing Home Sales news came out and the market gapped up like a 'rat up a drain pipe' and closed my position - what a buzz

Quoting TiaForex
That was a beauty redart.
  • #2,159
  • Nov 23, 2009 10:20am Nov 23, 2009 10:20am
The has been a picture perfect day for the euro, cable, and aussie.
I dream, therefore I become.
  • #2,160
  • Nov 23, 2009 5:18pm Nov 23, 2009 5:18pm
Quoting dbeach777
...
Also, is it possible to change server time on meta trader?
No, it's not possible.
if u want a MT4 with a different server time, u have to use another MT4.
redart007 is using ODL. ODL server time is GMT + 0 .

u might find these links useful:
http://www.100forexbrokers.com/mt4forexbrokers
http://www.timeanddate.com/worldclock/
http://www.worldtimezone.com/
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