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James16+Rayanmcd(Jan kone) and ME 7 replies

Attachments: Jankone M5 thread
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Jankone M5 thread

look at tbe bars maybe hour ago.. it was clearly dead.
no moves... usually i don't trade in this shape. it's really unpredictable...

Quoting Andy12
Jankone thanks for the response, I assume you don't like pin right? Or something other then pin too?
Wow looks like I have a lot to learn. Once again big thank you for explanations guys!
"Every battle is won before it is ever fought." - Sun-tzu, The Art of War.
A nice pin at a good location, but I didn't find any meaningful DIV. I would have taken it as a flat trend (so must be at bb extreme) trade...

Something better will come along. Patience.

Josh
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hello jedustr how many trades u take in a day have u any target of the day or wat is your R:R ?
FxHome
Quoting Muhammad989
hello jedustr how many trades u take in a day have u any target of the day or wat is your R:R ?
I don't take a fixed number of trades/day. It usually falls between 0-4/day on 5/15min. It obviously will be different for everyone, based on their exit strategy, number of charts they watch, amount of time they watch, types of trades they enter, etc, etc. I don't have a daily target, as I feel measuring daily is not realistic, necessary, or conducive. My current exit strategy is to move to b/e at 1r, full tp at 2r. I am testing several others and may switch at some point once I have enough data to make that decision.

How many do you take a day? Do you still follow Sonic R? Have a target? What's your R:R? This is all great stuff to know as long as it is absorbed realizing each trader is very different from the next.
Man markets are sluggish and without direction right now, so I check for news to see if anything major coming out and sure enough, 3 red news in a few minutes, no wonder! USA and CAD
Yeah i m still working on sonicR and reading j16 and PA and finding the simple way to trade i believe that we can Analise higher TF from PA watever whish system u r trading , well i m also trade 1:1 R;R sometime 1:2 ..

Muhammad





Quoting Jduester
I don't take a fixed number of trades/day....
FxHome
another question for this threads owner ,wat is the function of BB and wat setting??

Muhammad
FxHome
Quoting Muhammad989
another question for this threads owner ,wat is the function of BB and wat setting??

Muhammad
I can't believe some people can be so lazy that they have a problem to read the first page of the thread ... LOL

Btw. or many following ones as the question was asked several times already.
You can't be serious
rsi 6
bb 18,2

Quoting Muhammad989
another question for this threads owner ,wat is the function of BB and wat setting??

Muhammad
no i m not serious just asking not a really take interest in BB i m looking pure PA A++ without any indicator it is possible but take some time and consistency ..may be moths year and year

Muhammad



Quoting Jankone
You can't be serious
rsi 6
bb 18,2
FxHome
on BB's from the horses mouth:

Quote
I will say that most PB's are CT trades, if you look that is why I use the BB, the BB help me tell if a trade is slowing down as well as RSI, same shit I did 9 years ago on the spooz, same thing I did here 2-3 years ago on the 5min crap. The only thing that changed is the SPEED so I can have a nice life. Am I going to take a CT trade if the price is riding the BB up or down hard even if it's a perfect pin? Nope.
Again, a nice pin, but no DIV...
It is a confidence booster that I'm finally starting to follow my rules though!
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just from my experience - pin bar location is good UNDER or OVER the BB.. if you have pinbar like this one close to ema21, they failed usually..
if you trade CT.... but if you trade trend, pin in ema 21 is great... I hope you get the point...

Quoting Jduester
Again, a nice pin, but no DIV...
It is a confidence booster that I'm finally starting to follow my rules though!
how much is an oil tick worth? $10?
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Any takes for this one if it breaks soon?

Small div and at S/R area?
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Quoting lovejoy80
Any takes for this one if it breaks soon?

Small div and at S/R area?
Not even a swing and flat MAs
imo its not a good bar i will give it "c" u have to read about PB open and closed should under the previous bar


Quoting lovejoy80
Any takes for this one if it breaks soon?

Small div and at S/R area?
FxHome
Quote
how much is an oil tick worth? $10?
Correct. 1 contract = 1000 barrels. Minimum fluctuation (0.01) = 10USD

Quote
Any takes for this one if it breaks soon?
It's ranging pretty much. Whipsaw is the most likely outcome. Don't try to be a hero during these circumstances.
Quoting Jankone
just from my experience - pin bar location is good UNDER or OVER the BB.. if you have pinbar like this one close to ema21, they failed usually..
if you trade CT.... but if you trade trend, pin in ema 21 is great... I hope you get the point...
Thanks much Jankone. These little tidbits are invaluable.

What a mess on the lower tf today. No trades taken. Whew!
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