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James16+Rayanmcd(Jan kone) and ME 7 replies

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Jankone M5 thread

  • #2,321
  • Dec 9, 2009 6:52am Dec 9, 2009 6:52am
Quoting faizal82
i feel a lot more confident with taking trend setups as well. (rac's RTL is based on a simialr idea, which is another thing i am demoing on 1hr)

i have noticed you are look at more pairs josh. Do you look at 5m and 15m on your pairs?

im looking at eur/usd 5m and 15m, gbp/usd 15m, usd/jpy 15m and eur/jpy 15m.

not sure if i want to look at 5m on too many pairs yet becuase of lack of experience / spread.

hope a nice juicy pin with trend comes along soon!
I'm watching e/u, g/u, u/j and g/j on both 5 and 15m.

Josh
  • #2,322
  • Dec 9, 2009 6:59am Dec 9, 2009 6:59am
Thanks.. It was my misunderstanding about the thread, I don't know why had this misunderstanding when I read the old version of the first page.

Thanks for clarification!
  • #2,323
  • Dec 9, 2009 8:22am Dec 9, 2009 8:22am
Ideally we want hidden divergence with trend trades.
  • #2,324
  • Dec 9, 2009 9:01am Dec 9, 2009 9:01am
But please make sure its hidden well enough so no one can find it though!

Some nice setups occured on EJ and AU, fast and furious, missed the best, EJ but got AU and a couple other less then perfect setups, still made pips

Quoting pmn100
Ideally we want hidden divergence with trend trades.
  • #2,325
  • Dec 9, 2009 10:02am Dec 9, 2009 10:02am
this is my post here i m reading this threads,,,hope u guys help new comers ,,today i got it on demo account and its A+++ setup for me i dont know you guyz got this or not ,,,i m also reading J16 threads hope this is help for me and new comers.

regards

Muhammad
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  • #2,326
  • Dec 9, 2009 10:06am Dec 9, 2009 10:06am
i have a question,why you guyz are using 21 and 50 Ema plz explain it,this question is for this threads owners.

Muhammad
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  • #2,327
  • Dec 9, 2009 10:24am Dec 9, 2009 10:24am
9:16

was trying for 1.4725, but things kind of stalled out and didn't like the 50,21,and 18 all together.




edit: son of a gun there it hits
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  • #2,328
  • Dec 9, 2009 10:36am Dec 9, 2009 10:36am
Quoting dbeach777
But please make sure its hidden well enough so no one can find it though!

Some nice setups occured on EJ and AU, fast and furious, missed the best, EJ but got AU and a couple other less then perfect setups, still made pips
Hey dbeach. Wondered if you watch only 5min or also toggle between 5 and 15? You seem pretty good at catching many pairs. I have a hard time watching 4 pairs (8 charts) on 2 screens, lol... I guess all in good practice...

Josh
  • #2,329
  • Dec 9, 2009 10:41am Dec 9, 2009 10:41am
Quoting Muhammad989
this is my post here i m reading this threads,,,hope u guys help new comers ,,today i got it on demo account and its A+++ setup for me i dont know you guyz got this or not ,,,i m also reading J16 threads hope this is help for me and new comers.

regards

Muhammad

Looks good M. You may not find many trading g/chf on 5min because of the larger spread offered from many brokers. Good moves though.

Also, many measure DIV from the bar closes, not from the bar extremes. Just personal preference I suppose... we've discussed this difference many many times on the thread if you are interested.

I'll let Jankone answer the EMA(18, 50) question. I don't generally use them.

Josh
  • #2,330
  • Dec 9, 2009 10:56am Dec 9, 2009 10:56am
Hi JD, I watch about 6 pairs, more or less, yes it's hard to catch them all! I also have m5 and m15 open at all times on these pairs and whenever h1 and h4 turns over I check them out as well, as those sometimes have a strong bias towards the smaller time frame direction. I like to watch pairs that dont always move in the same direction... sometimes AU EU and GU move together so I watch for opportunity to diversify my risk to include pairs like UJ, EJ and GJ so if Im wrong, chances are higher Im only wrong on half of my trades.


Quoting Jduester
Hey dbeach. Wondered if you watch only 5min or also toggle between 5 and 15? You seem pretty good at catching many pairs. I have a hard time watching 4 pairs (8 charts) on 2 screens, lol... I guess all in good practice...

Josh
  • #2,331
  • Dec 9, 2009 11:49am Dec 9, 2009 11:49am
Great post. great great, great patience.



Quoting Muhammad989
this is my post here i m reading this threads,,,hope u guys help new comers ,,today i got it on demo account and its A+++ setup for me i dont know you guyz got this or not ,,,i m also reading J16 threads hope this is help for me and new comers.

regards

Muhammad
  • #2,332
  • Edited 12:29pm Dec 9, 2009 12:17pm | Edited 12:29pm
closed right now.
really fast trade
sl 9 tp 12 ( .4700 ) - round number. + ema 21... really universal PT
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  • #2,333
  • Dec 9, 2009 12:48pm Dec 9, 2009 12:48pm
Quoting Jankone
closed right now.
really fast trade
sl 9 tp 12 ( .4700 ) - round number. + ema 21... really universal PT
i also traded the last signal and trading this one.. looking good till now, nice system!
  • #2,334
  • Dec 9, 2009 1:56pm Dec 9, 2009 1:56pm
here another PB on 15 min but not a clear bar .i took on demo ......3 top and down
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  • #2,335
  • Edited 11:39pm Dec 9, 2009 11:22pm | Edited 11:39pm
Seems like was a good divergence, good enough pinbar and good location. Is anyone managed to avoid this loss? If yes then what did you find to help you avoid it. Or it is normal trade but just one of them that should be a loss.
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"Every battle is won before it is ever fought." - Sun-tzu, The Art of War.
  • #2,336
  • Dec 10, 2009 12:30am Dec 10, 2009 12:30am
Andy...for what it is worth as i am just learning this also..with that setup I would like to see a significantly bigger trigger bar and/or the wick crossing a SR level to make it a higher probability trade. It is also a fairly low liquidity time of day. So there are some risk factors there that would most likley have kept me out of the trade.

L
All that matters is winning the week
  • #2,337
  • Dec 10, 2009 12:39am Dec 10, 2009 12:39am
Quoting Andy12
Seems like was a good divergence, good enough pinbar and good location. Is anyone managed to avoid this loss? If yes then what did you find to help you avoid it. Or it is normal trade but just one of them that should be a loss.
when the trend is strong, divergence is not enough to reverse price direction. often in a strong trend, u will encounter or more divergences before price reverses.
it seems the trend is strong in this case.

if u are interested to learn more, i'd like u to check Jankone's chart right above.
kindly look at & compare price, RSI & BB on (second-half or right side of) both (your & his) charts.
  • #2,338
  • Dec 10, 2009 12:43am Dec 10, 2009 12:43am
Few days ago i did trade some little crap like this.
failed.
look at the bar, how big is the bar and where he is.

and after tens. hundreds trades you will think even about WHEN you trade.

usa,europe session and so.
you will know when you can trade and when markets are dead for m5


Quoting Andy12
Seems like was a good divergence, good enough pinbar and good location. Is anyone managed to avoid this loss? If yes then what did you find to help you avoid it. Or it is normal trade but just one of them that should be a loss.
  • #2,339
  • Dec 10, 2009 12:44am Dec 10, 2009 12:44am
Thank you guys it is all good points. Any others opinions please?
"Every battle is won before it is ever fought." - Sun-tzu, The Art of War.
  • #2,340
  • Dec 10, 2009 12:49am Dec 10, 2009 12:49am
Jankone thanks for the response, I assume you don't like pin right? Or something other then pin too?

Quoting Jankone
Few days ago i did trade some little crap like this.
failed.
look at the bar, how big is the bar and where he is.

and after tens. hundreds trades you will think even about WHEN you trade.

usa,europe session and so.
you will know when you can trade and when markets are dead for m5
"Every battle is won before it is ever fought." - Sun-tzu, The Art of War.
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