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James16+Rayanmcd(Jan kone) and ME 7 replies

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Jankone M5 thread

  • #2,661
  • Jan 13, 2010 7:49am Jan 13, 2010 7:49am
Hi,
Inside Bars are fine, too. Has to be traded after break of 1st bars Low (3rd candle).

Though, this one was too small for me to take, and TP should have been taken fast (1:1 maximum).

I also didn't take the divergence PB some candles before, as it also was not that big, and price did not break below.

Lowen

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  • #2,662
  • Jan 13, 2010 9:55am Jan 13, 2010 9:55am
Quoting oneuniverse
I agree with this Lindsay, most of the runner i had began with the inside bar after the pin bar formation.
Probable reason is if we drop to 5 or more time frames lower, we could see triangle breakout! thus the trade becomes MTF and period of high volatility follows period of low volatility.
Those "PB+IB" setups are powerful, especially of IB is small and is near PB's tail. One can enter via Stop order 3-5 pips beyond IB - if the original move continues, the order will not be filled.
One Chart is Worth Ten Thousand Words.
  • #2,663
  • Jan 13, 2010 10:01am Jan 13, 2010 10:01am
Quoting Forex007
especially of IB is small and is near PB's tail. .
this is more insightful, appreciate you shared it!
Trading is a delicate balance of Strategy , Money management and Psychology
  • #2,664
  • Jan 13, 2010 10:31am Jan 13, 2010 10:31am
PinBar on the E/U and USD/CHF at 15min?
  • #2,665
  • Jan 13, 2010 11:55am Jan 13, 2010 11:55am
a little slow today, so I did some watching. Not a huge fan of outside bars due to the R/R involved, but this did quite nicely.







(did I draw my divergence correctly? )
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  • #2,666
  • Jan 13, 2010 12:00pm Jan 13, 2010 12:00pm
Here is a live trade of GBP USD

Earlier i had discussed the significance of this unique setup
Double divergence

http://www.forexfactory.com/showpost...postcount=2650
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Trading is a delicate balance of Strategy , Money management and Psychology
  • #2,667
  • Jan 13, 2010 12:04pm Jan 13, 2010 12:04pm
Quoting oneuniverse
Here is a live trade of GBP USD

Earlier i had discussed the significance of this unique setup
Double divergence

http://www.forexfactory.com/showpost...postcount=2650
nice one, I was wondering if it was ever going to start heading south.
  • #2,668
  • Jan 13, 2010 1:17pm Jan 13, 2010 1:17pm
Quoting Icehocey77
a little slow today, so I did some watching. Not a huge fan of outside bars due to the R/R involved, but this did quite nicely.

(did I draw my divergence correctly? )
hehe. yes you drew divergence like I would. Still interested if there is a right and a wrong method..

The same trade you selected could have also been taken from M5, there was a PB with divergence. I also did not find too many chances to get a good trade today. Every possible PB did build up when I was out ...
  • #2,669
  • Jan 13, 2010 1:21pm Jan 13, 2010 1:21pm
Quoting oneuniverse
Here is a live trade of GBP USD

Earlier i had discussed the significance of this unique setup
Double divergence

http://www.forexfactory.com/showpost...postcount=2650
thx for that hint.

I found this too much in the traffic..

Lowen
  • #2,670
  • Jan 13, 2010 1:26pm Jan 13, 2010 1:26pm
I know this isn't the 5 minute chart, but this is a purty setup. Divergence and a pin off of a round number/resistance area. In at 148.90. I'm looking to see a drop back down to at least the 21 ema at 148.20.

I hope everybody's having a good day and still loving this dance we do.
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I dream, therefore I become.
  • #2,671
  • Jan 13, 2010 3:24pm Jan 13, 2010 3:24pm
Hi Guys,

Fairly new to this thread, and, because of work, I am trying to trade longer time frame set-ups.

Seems to be working, but early days yet.
Can I ask:

Do people find they do better with the "CT plus div" set ups, or with the "with the trend" set ups? Or is there no real difference.

Anyone else trading longer TFs who might want to compare notes?

Thanks
"Fail to prepare, prepare to fail."
  • #2,672
  • Edited 7:20pm Jan 13, 2010 7:08pm | Edited 7:20pm
Quoting xandyakko
PinBar on the E/U and USD/CHF at 15min?
to be clear, ideally we have to post charts OR indicate which feed we are referring to.
Not many people look at 2 - 5 feeds.
  • #2,673
  • Jan 13, 2010 7:11pm Jan 13, 2010 7:11pm
Quoting Icehocey77
..
(did I draw my divergence correctly? )
i think so.
i plot div based on highs/lows, several here plot based on bar/candle close.
  • #2,674
  • Jan 13, 2010 7:19pm Jan 13, 2010 7:19pm
Quoting packhorse
Hi Guys,
Fairly new to this thread, and, because of work, I am trying to trade longer time frame set-ups.
....
Do people find they do better with the "CT plus div" set ups, or with the "with the trend" set ups? Or is there no real difference.
...
Hi packhorse...
i remember a relevant post wherein u had 2 replies here & here.

i believe most people do better with trend trades since these trades are 'with the flow'. as they improve, they learn about & incorporate CT trading.

u seem fairly new to both jankone's & james16 thread. i suggest u get a good grasp of james16 method FIRST before venturing into this thread (specially considering your current lifestyle).
james16 thread is what i call the 'big brother' of this thread. james16 method is heavy on Support/Resistance (S/R). CT Trading is, IMO, S/R knowledge-dependent.
Hope this helps
  • #2,675
  • Jan 14, 2010 1:39am Jan 14, 2010 1:39am
Took this for a 1R win just now

and yes I know that technically that might not be divergence as it is set on close..but checking on high, the div is still there.
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All that matters is winning the week
  • #2,676
  • Jan 14, 2010 1:46am Jan 14, 2010 1:46am
Quoting supremeChaos
Hi packhorse...
i remember a relevant post wherein u had 2 replies here & here.

i believe most people do better with trend trades since these trades are 'with the flow'. as they improve, they learn about & incorporate CT trading.

u seem fairly new to both jankone's & james16 thread. i suggest u get a good grasp of james16 method FIRST before venturing into this thread (specially considering...
Thanks for the reply. I have read J16 thoroughly, but just feel that the rsi divergence gives a better set up chance, that is what I am finding helps.
"Fail to prepare, prepare to fail."
  • #2,677
  • Jan 14, 2010 2:05am Jan 14, 2010 2:05am
GBP JPY

H1 PPZ resistance
M15 Pin at the wedge
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Trading is a delicate balance of Strategy , Money management and Psychology
  • #2,678
  • Jan 14, 2010 2:24am Jan 14, 2010 2:24am
Quoting oneuniverse
GBP JPY

H1 PPZ resistance
M15 Pin at the wedge
Good Morning.
Thanks for that one, that really looks good.
  • #2,679
  • Jan 14, 2010 3:17am Jan 14, 2010 3:17am
Quoting Lowen
Good Morning.
Thanks for that one, that really looks good.

lowen, stop loss hit on that!
Trading is a delicate balance of Strategy , Money management and Psychology
  • #2,680
  • Jan 14, 2010 8:59am Jan 14, 2010 8:59am
anyone who took this would be sweating....I left it becuase of extension on higher timeframes......what did others think of it?
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All that matters is winning the week
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