Jankone M5 thread | Page 115 | 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

  • #2,281
  • Dec 7, 2009 5:36am Dec 7, 2009 5:36am
great trade. pin with the trend. pure gold
Attached Image (click to enlarge)
Click to Enlarge Name: ej15.gif Size: 22 KB
  • #2,282
  • Edited 5:58am Dec 7, 2009 5:43am | Edited 5:58am
Quoting Jduester
....we get paid to sit and wait...
Golden post imo, Josh.

Quoting Jduester
...
The only reason I'm not profitable right now is psychological barriers... working through that.
same here (i believe i got more barriers, lol)...
Hopefully we'll break through this/these in 2010
  • #2,283
  • Dec 7, 2009 5:50am Dec 7, 2009 5:50am
Hi, Great Traders

I have been watching both this thread and Jim16, and this is my first post in FF. basically I understood the method you guys are enjoying, the problem for me is, it seems very easy to identify the setup in hindsight, but, very difficult to catch in real trade, I made a couple of weeks demo trade, majority of the setup failed me. don't know the reason why an easy stuff became so difficult when trade alive, anyone can help explain? thank you

Juan
  • #2,284
  • Dec 7, 2009 6:02am Dec 7, 2009 6:02am
Well if you know location in Higher TF you wont close for 10 PIPS.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2.gif Size: 20 KB
Click to Enlarge Name: 3.gif Size: 19 KB
Click to Enlarge Name: 4.gif Size: 20 KB
  • #2,285
  • Dec 7, 2009 6:14am Dec 7, 2009 6:14am
Quoting Juan
...basically I understood the method you guys are enjoying, the problem for me is, it seems very easy to identify the setup in hindsight, but, very difficult to catch in real trade, I made a couple of weeks demo trade, majority of the setup failed me. don't know the reason why an easy stuff became so difficult when trade alive...
Welcome!

short answer is:
it all boils down to experience & screen time (viewing charts)

if u are unsuccessful in something, does not necessarily mean others have/will have the same result or sentiment as yours.

Practice/demo vs real/live
easy stuff becomes difficult when done live/in real-time because u are doing it with real-life factors.
this happens outside of trading too.
think of things like doing practice vs doing it live in sports (practice vs. doing it in a tournament/competition), school (memorizing a poem or a speech at home vs. doing it live in front of your class or whole school on the stage/auditorium), concert (practice vs. doing it in front of the crowd).
Once u have practiced well/enough, u'll be able to do well in a live/real environment.


this method & james16 method works. u just have to do it correctly, consistently & long enough to see the results u are looking for.

Hope this helps
  • #2,286
  • Dec 7, 2009 6:14am Dec 7, 2009 6:14am
Hey Nasir
can you say a bit more about that.. I see a ppz that price has got through, and pulled back. Is this what you are maning, that there is room below now that price has broken through?
thanks
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_03 Dec. 07 23.11.gif Size: 58 KB
All that matters is winning the week
  • #2,287
  • Dec 7, 2009 6:24am Dec 7, 2009 6:24am
Quoting supremeChaos
Golden post imo, Josh.


same here (i believe i got more barriers, lol)...
Hopefully we'll break through this/these in 2010
Thanks SC. We'll break through together.
  • #2,288
  • Dec 7, 2009 6:30am Dec 7, 2009 6:30am
Quoting supremeChaos
Welcome!

this method & james16 method works. u just have to do it correctly, consistently & long enough to see the results u are looking for.

Hope this helps
AMEN
  • #2,289
  • Dec 7, 2009 6:33am Dec 7, 2009 6:33am
Quoting lindsayf
Hey Nasir
can you say a bit more about that.. I see a ppz that price has got through, and pulled back. Is this what you are maning, that there is room below now that price has broken through?
thanks
Well you got it right.

The target was 1.4755.

But i closed it out cause 4H freaked me out i wanted to see retrace exactly like you have in your 4H chart. But i have a different data feed so cant do much about it.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 4.gif Size: 28 KB
Click to Enlarge Name: ScreenHunter_03 Dec. 07 23.11.gif Size: 59 KB
  • #2,290
  • Dec 7, 2009 10:09am Dec 7, 2009 10:09am
UC trade

Nice Pin and strong Div,

stops trailed till breakeven because of higher time frame resistance
Attached Image (click to enlarge)
Click to Enlarge Name: 1uc m5.gif Size: 31 KB
Trading is a delicate balance of Strategy , Money management and Psychology
  • #2,291
  • Dec 7, 2009 10:12am Dec 7, 2009 10:12am
close now.
a little slow trade. risk was 7, tp 12
pin bar with div. no trend last hours.
Attached Image (click to enlarge)
Click to Enlarge Name: eum5.gif Size: 27 KB
  • #2,292
  • Dec 7, 2009 11:18am Dec 7, 2009 11:18am
UC Trade update

50% position released and 50% set for breakeven stop
on it's way for a free trade ride
i think i was lucky that the Breakeven stop did not hit!
Attached Image (click to enlarge)
Click to Enlarge Name: 1uc m5.gif Size: 26 KB
Trading is a delicate balance of Strategy , Money management and Psychology
  • #2,293
  • Dec 7, 2009 2:59pm Dec 7, 2009 2:59pm
Can I get some comments on this (pin far right) setup please.. It is the Euro M15 from earlier today. Took it for a loss.

thx
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_02 Dec. 08 07.57.gif Size: 57 KB
All that matters is winning the week
  • #2,294
  • Dec 7, 2009 3:44pm Dec 7, 2009 3:44pm
Hey Lindsay, What I see is often after a nice run, price will consolidate or reverse. Your setup pin was too close to mini support, see where I drew the line. I may or may not have taken that trade, but the candle following the setup looked like the previous 3 candles, support might hold. Thats where I probably would have gotten out of the trade instead of taking the full candle SL. Hope this helps

Cheers!


Quoting lindsayf
Can I get some comments on this (pin far right) setup please.. It is the Euro M15 from earlier today. Took it for a loss.

thx
Attached Image (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 149 KB
  • #2,295
  • Dec 7, 2009 6:38pm Dec 7, 2009 6:38pm
This thread is pure gold.
  • #2,296
  • Dec 7, 2009 9:23pm Dec 7, 2009 9:23pm
Quoting lindsayf
Can I get some comments on this (pin far right) setup please.. It is the Euro M15 from earlier today. Took it for a loss.

thx
Hi Lindsay,

The first pin bar setup was good.I also traded it. However it was resting on a strong PPZ support on H4.Hence trailed it till breakeven after 50% partial profits.

Regardind the second pin bar

For a trend setup pin bar, new swing high or new swing low has to form and then a pullback or throwback. The second pin bar was based on an inside corrective movement rather than the new swing low, hence i did not take it. Also now it was more closer to the PPZ support on H4

Cheers
Winston
Attached Image (click to enlarge)
Click to Enlarge Name: untitled.PNG Size: 86 KB
Trading is a delicate balance of Strategy , Money management and Psychology
  • #2,297
  • Dec 8, 2009 2:23am Dec 8, 2009 2:23am
Hey Winston and Dbeach

Thanks for your thoughts on that setup. I had seen that it had put in a higher low..thats a potential reversal sign..but I took it on the basis of the location over the round number. Its another case of skip the ones with too many risk factors.
thanks again!
All that matters is winning the week
  • #2,298
  • Edited 3:32am Dec 8, 2009 2:45am | Edited 3:32am
UJ M15 trade

Nice Div , Nice pin , Trendline breakout and the formation of nice Pin on the trendline support which was earlier resistance

IMO, such trades just blast off! however nothing is here sure fire! so let's have a detached attchment and have fun!

Update
Stoploss hit!

Cheers
Winston
Attached Image (click to enlarge)
Click to Enlarge Name: ujm15.gif Size: 27 KB
Trading is a delicate balance of Strategy , Money management and Psychology
  • #2,299
  • Dec 8, 2009 2:47am Dec 8, 2009 2:47am
Nice pins nice location.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 3.gif Size: 21 KB
Click to Enlarge Name: 2.gif Size: 21 KB
Click to Enlarge Name: 4.gif Size: 21 KB
  • #2,300
  • Dec 8, 2009 5:02am Dec 8, 2009 5:02am
I took a loss here.

I have not been taking lots of trades lately. That is because I ignore most of the CT setups. And most of the pinbar setups are CT setups.

I only trade a CT pin with confluence like PPZ, double top/bottom and round numbers.

By taking only quality trend and counter trend setups I hope to minimize the drawdowns.

EDIT: forgot to place the arrow, but I took the most recent with the trend pin at the 21EMA.
Attached Image (click to enlarge)
Click to Enlarge Name: jankone59.png Size: 42 KB
1 trader viewing now