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James16+Rayanmcd(Jan kone) and ME 7 replies

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Jankone M5 thread

  • #2,781
  • Feb 1, 2010 1:44pm Feb 1, 2010 1:44pm
it's same hidden trade like usd jpy a few posts ago..
i am really scared about trades like this one.
pinbar is really Hidden (in traffic, in the shadows of previous bars)
and it's NOT RELIABLE.
again pass for me.


I don't care if i have 1 trade per week or 4. but important is if a trade deserve to risk my money....
be picky, be patient and make money it's simple.
If you will trade trades like this one, you will get feeling "wow it's easy" and then you will be burned...




Quoting Forexcube
EURUSD, M15, 2010 February 01

Trade Example:
mR1 = 1.3923
Enter short at PinBar and Exit one or four bars later.
~40 Pips (1.3930 - 1.3896).

Kindest regards
  • #2,782
  • Feb 1, 2010 2:30pm Feb 1, 2010 2:30pm
Why do you say he will be burned with this setup? Could you please explain that

Quoting Jankone
it's same hidden trade like usd jpy a few posts ago..
i am really scared about trades like this one.
pinbar is really Hidden (in traffic, in the shadows of previous bars)
and it's NOT RELIABLE.
again pass for me.


I don't care if i have 1 trade per week or 4. but important is if a trade deserve to risk my money....
be picky, be patient and make money it's simple.
If you will trade trades like this one, you will get feeling "wow it's easy" and then you will be burned...

  • #2,783
  • Feb 1, 2010 3:49pm Feb 1, 2010 3:49pm
Quoting Jankone
If you will trade trades like this one, you will get feeling "wow it's easy" and then you will be burned...
Hi Jankone

I think that no indicator gives "easy" signals.

Kindest regards
  • #2,784
  • Feb 1, 2010 3:55pm Feb 1, 2010 3:55pm
Quoting Jankone
it's same hidden trade like usd jpy a few posts ago..
i am really scared about trades like this one.
pinbar is really Hidden (in traffic, in the shadows of previous bars)
and it's NOT RELIABLE.
again pass for me.

I don't care if i have 1 trade per week or 4. but important is if a trade deserve to risk my money....
be picky, be patient and make money it's simple.
Hello Jankone

Thanks for you answer.

Is it okay for you if I ask your opinion for further examples in the next time till I have get the feelings of Jankine M5 trading concept?

Kindest regards

Forexcube
  • #2,785
  • Feb 2, 2010 6:02am Feb 2, 2010 6:02am
Hi all, just looking for peoples' views on this USD/JPY 5min Pin.

It was counter trend with divergence, BUT

..... if you look at the hourly chart it was off a significant S/R area and also the ascending TL going back to 27th Jan.

The pin failed...... but is it one that others here would have taken?

Cheers!

Headless
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: usdjpy 2.gif Size: 18 KB
  • #2,786
  • Feb 2, 2010 7:11am Feb 2, 2010 7:11am
Pure Ryan Setup.....


coupled with the H1 support......it is going very nice

50% released....rest BE or runner.......
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: usd cad m5.gif Size: 37 KB
Trading is a delicate balance of Strategy , Money management and Psychology
  • #2,787
  • Feb 2, 2010 8:04am Feb 2, 2010 8:04am
Quoting Headless
Hi all, just looking for peoples' views on this USD/JPY 5min Pin.

It was counter trend with divergence, BUT

..... if you look at the hourly chart it was off a significant S/R area and also the ascending TL going back to 27th Jan.

The pin failed...... but is it one that others here would have taken?

Cheers!

Headless
location was good, pin was a little on the small size but still a good trade. Probably would've closed after the third candle failed to break.
  • #2,788
  • Feb 2, 2010 8:09am Feb 2, 2010 8:09am
Quoting oneuniverse
Pure Ryan Setup.....


coupled with the H1 support......it is going very nice

50% released....rest BE or runner.......
nice trade, been playing around with your style of setups a little. I was looking to get in at 1.0558, price just could quite get to it. Had a quad bar low on the M5 at 1.0562 that finished as a BUOB.
  • #2,789
  • Edited 9:04am Feb 2, 2010 8:46am | Edited 9:04am
EURJPY, M15, 2010 February 02

PinBar: PB1 and PB3 seems for me clearer than PB2.

All three PinBars were born in mind and in my trades, today.

Jankone can you classified if there are any A, B and/or C trades, please.

Wait for any critical feedbacks!

Thank you!

Kindest regards

Forexcube
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY, M15, 2010 February 02.jpg Size: 143 KB
  • #2,790
  • Feb 2, 2010 8:58am Feb 2, 2010 8:58am
search for my posts called "m5 chart or m15 chart " and then look at your trade. you will see where should the pin bar be and where not (the top of the trend or the low of the trend, clearly swing high / swing low ) etc.
I wrote really much and post really enough charts to get a point why and when to trade.
IT'S SO EASY, it can't be easier, you see it . but you don't know what you should see.class your trades. I trade aces - just A trades. i don't care about B or C trades. trade in that chart was B for me.

Quoting gicho
Why do you say he will be burned with this setup? Could you please explain that
  • #2,791
  • Feb 2, 2010 9:03am Feb 2, 2010 9:03am
sry my english. the point was " If you will be lucky and you win some B+ trades, your mind can be happy and full of emotion, then you will think that you are always absolutely right and you will start to trade even C+ because you are god and then you will lose much more money in the long run"

Quoting Forexcube
Hi Jankone

I think that no indicator gives "easy" signals.

Kindest regards
  • #2,792
  • Feb 2, 2010 9:08am Feb 2, 2010 9:08am
You can post he. I (or we ) will try to help you.

Quoting Forexcube
Hello Jankone

Thanks for you answer.

Is it okay for you if I ask your opinion for further examples in the next time till I have get the feelings of Jankine M5 trading concept?

Kindest regards

Forexcube
  • #2,793
  • Feb 2, 2010 9:18am Feb 2, 2010 9:18am
Quoting Headless
Hi all, just looking for peoples' views on this USD/JPY 5min Pin.

It was counter trend with divergence, BUT

..... if you look at the hourly chart it was off a significant S/R area and also the ascending TL going back to 27th Jan.

The pin failed...... but is it one that others here would have taken?

Cheers!

Headless
Good logic/analysis in principle. However, strong trend (as that we see on M5) rarely reverse with one pinbar, so H1 should be viewed from that perspective.

Even the best-looking setups DO fail, that's the cost of doing business with trading.
One Chart is Worth Ten Thousand Words.
  • #2,794
  • Feb 2, 2010 10:04am Feb 2, 2010 10:04am
Quoting Jankone
sry my english. the point was " If you will be lucky and you win some B+ trades, your mind can be happy and full of emotion, then you will think that you are always absolutely right and you will start to trade even C+ because you are god and then you will lose much more money in the long run"
Hello Jankone

My sentiments exactly!

Kindest regards

Forexcube
  • #2,795
  • Feb 2, 2010 10:48am Feb 2, 2010 10:48am
Where's RYANMCD these days. It was good when he popped inj to give his opinion on matters of trading?
every Saint has a past. Every Sinner has a Future
  • #2,796
  • Feb 2, 2010 12:40pm Feb 2, 2010 12:40pm
Really don't know.
maybe on his yacht... all around the world


Quoting turnip15
Where's RYANMCD these days. It was good when he popped inj to give his opinion on matters of trading?
  • #2,797
  • Feb 3, 2010 1:34am Feb 3, 2010 1:34am
few minutes ago closed trade. fast trade and it's closed now.
+20 done
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  • #2,798
  • Feb 3, 2010 4:01am Feb 3, 2010 4:01am
Quoting Jankone
few minutes ago closed trade. fast trade and it's closed now.
+20 done
Well done - it shows the value of patience by waiting for the A type trades
every Saint has a past. Every Sinner has a Future
  • #2,799
  • Feb 3, 2010 4:50am Feb 3, 2010 4:50am
very nice trade jankone! i saw this great setup, too and wanted to trade it live.. but then i realized news were coming out just some minutes later. so i was afraid and did not take it..
so obviously you do not care much about news releases if the is such a great setup? or was it that you just didnt know about the news release and the released number were fortuitiosly in your favor?


kind regards and keep it coming!
  • #2,800
  • Feb 3, 2010 5:05am Feb 3, 2010 5:05am
Honestly, I didn't know there are some news.
I just trade only if there are not spreads 15 for eur usd because of news.

Quoting xeqter
very nice trade jankone! i saw this great setup, too and wanted to trade it live.. but then i realized news were coming out just some minutes later. so i was afraid and did not take it..
so obviously you do not care much about news releases if the is such a great setup? or was it that you just didnt know about the news release and the released number were fortuitiosly in your favor?


kind regards and keep it coming!
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