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James16+Rayanmcd(Jan kone) and ME 7 replies

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Jankone M5 thread

  • #2,221
  • Nov 30, 2009 12:39pm Nov 30, 2009 12:39pm
Quoting KissFan
Here is a short trade playing out on GJ. My TP is the 142.13 area.

K.I.S.S.

Edit: Stopped out @ 142.71
God awful day. There were 3 opportunities that I'm aware of and I missed all of them lol How's it going everyone?
I dream, therefore I become.
  • #2,222
  • Nov 30, 2009 12:48pm Nov 30, 2009 12:48pm
Made some pips...but then stopped myself out of a UJ trade that turned into a runner and then gave back any profits by the end of day! Quit while your ahead...

Quoting mike w
God awful day. There were 3 opportunities that I'm aware of and I missed all of them lol How's it going everyone?
  • #2,223
  • Nov 30, 2009 12:55pm Nov 30, 2009 12:55pm
Quoting mike w
God awful day. There were 3 opportunities that I'm aware of and I missed all of them lol How's it going everyone?
Just one opportunity that I saw...took this U/J and exited at b/e when it didn't run initially... (I took the pinbar that formed the high, not the one connecting DIV)...

Maybe something with the trend in the near future though...

Josh
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  • #2,224
  • Nov 30, 2009 1:16pm Nov 30, 2009 1:16pm
I took the red one and got stoped out at break even. Not too bad!
  • #2,225
  • Nov 30, 2009 1:33pm Nov 30, 2009 1:33pm
Quoting mike w
God awful day. There were 3 opportunities that I'm aware of and I missed all of them lol How's it going everyone?
You said it. The markets are just stuck. There is always tomorrow.

K.I.S.S.
  • #2,226
  • Nov 30, 2009 1:52pm Nov 30, 2009 1:52pm
Quoting KissFan
You said it. The markets are just stuck. There is always tomorrow.

K.I.S.S.
I wasn't watching this method today but in general it was quicksand out there. All those little hourly bars lining up next to each other. Didn't even feel like much of a tightening, just dead time. Days like this I don't even bother to check the daily bars.

And I'm on a plane for most of tomorrow and vacationing for the rest of the week. I'll still look in to see what's going on.

NFP friday as well so it may stay quiet until then. The week before NFP is always a little funny
  • #2,227
  • Nov 30, 2009 2:22pm Nov 30, 2009 2:22pm
I didn't take these...as am still working during day, but like to review at end of day and these are the potential trades that could have been taken, in my view they were all decent entry setups.
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  • #2,228
  • Nov 30, 2009 8:55pm Nov 30, 2009 8:55pm
interesting..post to subscribe.
  • #2,229
  • Dec 1, 2009 12:16am Dec 1, 2009 12:16am
I am looking for sound signal every 5 min so I can check 5 min candle finish forming. Is anyone using something for this purpose and where to find it?
"Every battle is won before it is ever fought." - Sun-tzu, The Art of War.
  • #2,230
  • Dec 1, 2009 1:05am Dec 1, 2009 1:05am
Quoting Andy12
I am looking for sound signal every 5 min so I can check 5 min candle finish forming. Is anyone using something for this purpose and where to find it?
Andy try this free download.. works well.

http://www.timeleft.info/
All that matters is winning the week
  • #2,231
  • Dec 1, 2009 1:18am Dec 1, 2009 1:18am
Hi Andy, I use SayTheTime It has a free trial period and then you can buy it for $25. I Love it and use it all the time. You can change the settings from every 5 minutes up to every hour and if you get tired of Richards voice you can switch to Rose

www.saythetime.com

Quoting Andy12
I am looking for sound signal every 5 min so I can check 5 min candle finish forming. Is anyone using something for this purpose and where to find it?
  • #2,232
  • Dec 1, 2009 4:23am Dec 1, 2009 4:23am
Andy - why dont you use one of the several Pinbar indicators posted here that sounds an alert when a pinbar is formed...stop you having to check every 5 mins...?


Quoting Andy12
I am looking for sound signal every 5 min so I can check 5 min candle finish forming. Is anyone using something for this purpose and where to find it?
  • #2,233
  • Dec 1, 2009 6:36am Dec 1, 2009 6:36am
Quoting redart007
Andy - why dont you use one of the several Pinbar indicators posted here that sounds an alert when a pinbar is formed...stop you having to check every 5 mins...?
Hi Andy,

If you are using MT4, you can try these indicators. I am using these with great effect.

1) Bar Close Alarm = You can attach it to chart (any timeframe) and set alarm to alert 1 minute, two minute etc. before the candle close.

2) Pinbar = It will open alert when Pinbar is formed on that particular timeframe. I think it uses some kind of Average True Range, as such it only identify reasonable Pinbars and not some crappy small ones.

Alifari
Attached File(s)
File Type: mq4 bar_close_alarm_V1.mq4   2 KB | 516 downloads
File Type: mq4 PinBar.mq4   31 KB | 510 downloads
The purpose of knowledge is action, not knowledge
  • #2,234
  • Dec 1, 2009 8:07am Dec 1, 2009 8:07am
Wow, thank you guys! I did not expect to get so many responses. I will try all of what you suggested and see what is better. In day time I use my old electronic watch Casio. They have function to make a signal every 5 min without additional reset. But at night, I don't want to wake my wife up every 5 min. That is why I looking for something on computer that give me the same signal every 5 min and I will be in headphones.
"Every battle is won before it is ever fought." - Sun-tzu, The Art of War.
  • #2,235
  • Dec 1, 2009 8:14am Dec 1, 2009 8:14am
The thing is, I am not looking for only pin bars now. Don't get me wrong pin bars are great.
Quoting redart007
Andy - why don't you use one of the several Pinbar indicators posted here that sounds an alert when a pinbar is formed...stop you having to check every 5 mins...?
"Every battle is won before it is ever fought." - Sun-tzu, The Art of War.
  • #2,236
  • Dec 1, 2009 10:18pm Dec 1, 2009 10:18pm
Quoting redart007
Also for a text book trend trade you really want the pin coming of the middle bollinger - not the outer one..
I think the pin itself is shadowed by quite abit of previous price action, I think the best pins are ones that stand out on there own or as much as possible...
...
I agree..
but in this particular case,
trade from the outer Bolli gives u the best discount/best price
Pins/PA setups like this are part of headfakes (if interested, i made several? posts about headfakes in this thread a few months ago). Bolli headfakes occur prior, during, or right after a Bolli squeeze/pinch (i made posts about Bolli squeeze too). this pin in joker's chart could've been a headfake near the start of the possible squeeze.

there were some traffic in the immediate left, but the Pin was a bit huge & was a clear indication of buyers/demand coming in ( + RSI divergence ) at that time.
  • #2,237
  • Dec 1, 2009 10:18pm Dec 1, 2009 10:18pm
Quoting Andy12
Very interesting trading session...If market moves like this every time... I wish I knew how to keep myself out of trading in bad ones.
unfortunately, market does not move smoothly or always in our favor.

to keep yourself out of 'bad ones', re-review charts & be more picky like the senior traders. http://cdn.forexfactory.com/images/s.../yim/happy.gif
  • #2,238
  • Dec 1, 2009 10:21pm Dec 1, 2009 10:21pm
Quoting dbeach777
Hi...
I also prefer ema 60 instead of 50, and thus I place a heavier line on the 60 as I really love and respect what price does around ema 60!
...
Hi Dan,
from what i know it's 50sma, not 50ema.
the 21 is the ema.
  • #2,239
  • Dec 2, 2009 4:58am Dec 2, 2009 4:58am
entered short on break of the pin yesterday.

ct with div.

would have been better if pin had larger nose but i took it. thought i could get 1:1.

stopped out for 16 pip loss. stop was 2 pips above top of pin.
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  • #2,240
  • Edited 8:45am Dec 2, 2009 6:20am | Edited 8:45am
Quoting faizal82
entered short on break of the pin yesterday.

ct with div.

would have been better if pin had larger nose but i took it. thought i could get 1:1.

stopped out for 16 pip loss. stop was 2 pips above top of pin.
Can see why you took this. The only comment I would make is that the pin could have been in a better place i.e. at the top of the BB IMO.

But, the obvious pin to take for the day is the 6.45 (I think that's the right time looking at your chart) pin long...stands out and would have potentially produced a vey high RR.
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