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James16+Rayanmcd(Jan kone) and ME 7 replies

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Jankone M5 thread

  • #2,981
  • Mar 9, 2010 8:29am Mar 9, 2010 8:29am
Quoting Ryanmcd
Okay I have a few min so I will put up what I added to the mix.... Nothing lol, it works and has for over 9 years when I traded it over the 3min spoos years ago. I will put up some other PA that may help you get a few more trades...
Yo fellas, go back and check out this post. You'll be happy you did. I'm sure there are a few here that haven't seen it as of yet.

Click on the little arrow in the blue box beside Ryanmcd's name in the quote.
I dream, therefore I become.
  • #2,982
  • Mar 9, 2010 8:41am Mar 9, 2010 8:41am
Quoting mike w
Nice one Shaltay, I took the same one but on the gbp/jpy. They both had the same PA. I plan on holding mine for a while as well. Here's another that looks like it may end up netting a couple thousand. The usd/chf- I checked where we are on the higher timeframes and this is looking phenomenal. If not, I'll end up getting stopped out either at B/E or for a loss of 5 pips, I haven't decided yet.
And voila! If the usd/chf closes the 4 hour as such, this trade turns to gold in my book. Just call me the alchemist. lol It's time to enjoy this beautiful day. Have a good one everybody!
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I dream, therefore I become.
  • #2,983
  • Mar 9, 2010 8:41am Mar 9, 2010 8:41am
Quoting mike w
Yo fellas, go back and check out this post. You'll be happy you did. I'm sure there are a few here that haven't seen it as of yet.

Click on the little arrow in the blue box beside Ryanmcd's name in the quote.
Thanks Mike! I had read that but forgot about it over the last several months.
  • #2,984
  • Mar 9, 2010 8:44am Mar 9, 2010 8:44am
Quoting Jduester
Thanks Mike! I had read that but forgot about it over the last several months.
Sure thing brother! I was going back through the thread last night and noticed it again as well. Nice little bit of information. I'm sure it'll net me a few gains from time to time. I still love the solid looking PA though. I'm going to go through the charts this week on off hours (3-7 PM for me) and see how it does on a consistent basis.
I dream, therefore I become.
  • #2,985
  • Mar 9, 2010 10:01am Mar 9, 2010 10:01am
Update on my trade... saw some traps occur so averaged a bit risk was low, gotta cut profits when it reaches 3600 as I gtg out...but this goes to show COUNTERTREND PINS ARE HARDER lol
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  • #2,986
  • Mar 9, 2010 10:11am Mar 9, 2010 10:11am
http://i47.tinypic.com/j786e9.gif

Not exactly a pin but negative divergence called the short.
  • #2,987
  • Edited 11:34am Mar 9, 2010 11:10am | Edited 11:34am
his old posts are great..
(another great on j16 few days ago)

http://www.forexfactory.com/showpost...&postcount=323
  • #2,988
  • Mar 9, 2010 12:06pm Mar 9, 2010 12:06pm
today ej
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  • #2,989
  • Mar 9, 2010 1:01pm Mar 9, 2010 1:01pm
Not a Jankone trade. But is off S/R zone. I seem to remember Ryan trading a similar pattern, where the first bar closes outside the BB extreme and then the next bar opens outside but closes inside the BB. I doubt he'd take this after such a run higher and into 1.36... but it is working. I've been paying more attention to these patterns recently and may start demoing them.

As always, Ryan, if you check in here, feel free to comment/correct my thoughts...
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  • #2,990
  • Mar 9, 2010 1:07pm Mar 9, 2010 1:07pm
200th page! congrats everyone!
  • #2,991
  • Mar 9, 2010 10:36pm Mar 9, 2010 10:36pm
Quoting Jduester
Not a Jankone trade. But is off S/R zone.....
Hey Josh,
it's a 2-bar pin, so i'll still consider this as a Jankone setup.
Looking at your chart, it seems to have RSI div too.

with about 10pip stop & that BB extreme setup, i think he'd take it.
  • #2,992
  • Mar 10, 2010 2:47am Mar 10, 2010 2:47am
Damn i was havin breakfast :/

nice ej ct pin + div + RN on M15 on 9:00 GMT+1

agressive SL would be 10 pips right under 122 aiming at least for 21EMA (yellow)
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Never whishing, always trading.
  • #2,993
  • Mar 10, 2010 2:52am Mar 10, 2010 2:52am
currently in this CT trade and at BE
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All that matters is winning the week
  • #2,994
  • Mar 10, 2010 2:59am Mar 10, 2010 2:59am
Quoting lindsayf
currently in this CT trade and at BE
this is a nice one, look @ eu M15 and you see a pin + div supporting you, was about to post this one too
Never whishing, always trading.
  • #2,995
  • Edited 3:14am Mar 10, 2010 3:01am | Edited 3:14am
Took a Short trade with PB following the trend on M5 and accepted a stop-loss of 9.2 pips when the M5 candle closed above the high of the pin bar.

My mistake: There were already signs of divergence and the lower band of BB was rounding up.

Resume: I will look for the next entry with the trend on higher TF, on M15 or M30.
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  • #2,996
  • Mar 10, 2010 3:14am Mar 10, 2010 3:14am
Quoting Hova
this is a nice one, look @ eu M15 and you see a pin + div supporting you, was about to post this one too

so right..didnt notice that..it is actually a nicer looking setup on that t/f.

trade now closed
All that matters is winning the week
  • #2,997
  • Mar 10, 2010 3:16am Mar 10, 2010 3:16am
well, my 1st loss today
pin + 50 fib at yesterdays low and S1 with trend but diddnt hold

...on to the next one...

would love to hear opinions why this wasnt an A trade, still training my eyes
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Never whishing, always trading.
  • #2,998
  • Mar 10, 2010 3:23am Mar 10, 2010 3:23am
Hova
I was tempted by that too..but my rules say wait for a touch and preferably a straddle of the 21ema..and I have had a bad run lately especially with marginal setups so being very picky.....but...that did look good and the down trend has been long and strong.
All that matters is winning the week
  • #2,999
  • Mar 10, 2010 3:26am Mar 10, 2010 3:26am
Quoting Hova
well, my 1st loss today
pin + 50 fib at yesterdays low and S1 with trend but diddnt hold
Seems that this is a mistake of the same kind which I did and described in my previous post. Now there are divergences on M5 and M15. Your bottom indicator shows it also. Still no div on M30.

Probably we should include it in general rules. It is better to avoid taking PB with the trend if you see any signs of DIV.
  • #3,000
  • Mar 10, 2010 3:33am Mar 10, 2010 3:33am
Quoting lindsayf
Hova
I was tempted by that too..but my rules say wait for a touch and preferably a straddle of the 21ema..and I have had a bad run lately especially with marginal setups so being very picky.....but...that did look good and the down trend has been long and strong.
thx for your quick response, you are right, an 21ema touch would be better.

...gu now going down
Never whishing, always trading.
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