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James16+Rayanmcd(Jan kone) and ME 7 replies

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Jankone M5 thread

  • #3,061
  • Mar 11, 2010 7:20am Mar 11, 2010 7:20am
Quoting nasir.khan
I changed my candle stick charts (gray) to bar charts (black) and lost half of my demo account last week.
... but when i switch to it i really can't figure out things properly.
ahh.... i think that makes u the 3rd or 4th trader i know.
  • #3,062
  • Mar 11, 2010 8:18am Mar 11, 2010 8:18am
Quoting nasir.khan
I changed my candle stick charts (gray) to bar charts (black) and lost half of my demo account last week.
very unpredictable is the dark side of the force...

That's a hefty chunk of change to blow through though bro, sounds like you need a rethink on something. Probably don't need to hear it from me though.

On a side note does anyone have any idea how many full size lots you can trade on the 5 before the slippage sets in. Was just thinking about the scaleability..
Want what the market wants
  • #3,063
  • Mar 11, 2010 8:29am Mar 11, 2010 8:29am
Quoting DangerBoy
very unpredictable is the dark side of the force...

That's a hefty chunk of change to blow through though bro, sounds like you need a rethink on something. Probably don't need to hear it from me though.

On a side note does anyone have any idea how many full size lots you can trade on the 5 before the slippage sets in. Was just thinking about the scaleability..
Yep i am back on my old template.
.
  • #3,064
  • Mar 12, 2010 5:28am Mar 12, 2010 5:28am
Jankone, you make PA trading so damn simple! I am up to page 50 so far. I just took my first "with the trend" trade on guppy about 2 hours before NY open. I think the pinbar is kind of defective, though. Take a look:
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Isolate yourself from the herd
  • #3,065
  • Mar 12, 2010 9:10am Mar 12, 2010 9:10am
http://i42.tinypic.com/3a97t.gif

Have to wait
  • #3,066
  • Mar 12, 2010 11:57am Mar 12, 2010 11:57am
gu m15 .. it's so simple.
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  • #3,067
  • Mar 12, 2010 5:13pm Mar 12, 2010 5:13pm
Quoting forexweasel
Jankone, you make PA trading so damn simple! I am up to page 50 so far. I just took my first "with the trend" trade on guppy about 2 hours before NY open. I think the pinbar is kind of defective, though. Take a look:
is that keltner channel?
  • #3,068
  • Mar 13, 2010 7:15am Mar 13, 2010 7:15am
Quoting TheFutureAce
is that keltner channel?
Just good ole BB at 18/0/2.0

I am using CCI instead of RSI as per this thread: http://www.forexfactory.com/showthread.php?t=149647

I like it because it adds a filter to the div. I hate losing trades. Anyway, have done well last week with jankoneM5.
Isolate yourself from the herd
  • #3,069
  • Mar 13, 2010 10:37pm Mar 13, 2010 10:37pm
Quoting Jankone
gu m15 .. it's so simple.
Jankone,
Did you also take this 5m PB on UY (also almost identical PA on EY).
If not, what didn't you like about it that kept you out? Too small compared to the strong move up?
Past my bedtime btw so i didn't take it.

Steve.
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"The more I practice, the luckier I get." (Gary Player)
  • #3,070
  • Mar 14, 2010 5:00pm Mar 14, 2010 5:00pm
I think it's nice. I didn't trade this one, missed.
But it's good setup...

Quoting mrsingha
Jankone,
Did you also take this 5m PB on UY (also almost identical PA on EY).
If not, what didn't you like about it that kept you out? Too small compared to the strong move up?
Past my bedtime btw so i didn't take it.

Steve.
  • #3,071
  • Mar 14, 2010 7:23pm Mar 14, 2010 7:23pm
Quoting Jankone
I think it's nice. I didn't trade this one, missed.
But it's good setup...
Thanks for that.
"The more I practice, the luckier I get." (Gary Player)
  • #3,072
  • Mar 14, 2010 8:13pm Mar 14, 2010 8:13pm
can you attach your indicators which you use for this system?

thanks



Quoting Jaquille
http://i39.tinypic.com/2wludm9.gif

This was a nice positive divergence trade I posted in the other M5 thread.
  • #3,073
  • Mar 15, 2010 12:05am Mar 15, 2010 12:05am
Hi Jankone

Do you have any exit rules for this system?

Thanks,
Simon
  • #3,074
  • Edited 3:13am Mar 15, 2010 3:00am | Edited 3:13am
Look what happens when you step away from your screen for 10 minutes after sitting there all morning.
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"The more I practice, the luckier I get." (Gary Player)
  • #3,075
  • Mar 15, 2010 3:28am Mar 15, 2010 3:28am
Quoting mrsingha
Look what happens when you step away from your screen for 10 minutes after sitting there all morning.
haha, happened to me too
Never whishing, always trading.
  • #3,076
  • Mar 15, 2010 3:52am Mar 15, 2010 3:52am
Here a nice pinbar action with divergence on the 5mn.
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  • #3,077
  • Mar 15, 2010 4:42am Mar 15, 2010 4:42am
and another for you... i didn't trade
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  • #3,078
  • Mar 15, 2010 6:08am Mar 15, 2010 6:08am
This was a B/E trade for me. 10pip SL, +20TP, went to +15 then reversed.
I've just been reading some of Ryan's old posts and he said he never messes with a trade while its running. It's either TP or SL.
Now personally I don't want to let a +15 trade on a 5m chart go negative on me so I'm curious how you guys handle this, especially when with the trend.

Steve.
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"The more I practice, the luckier I get." (Gary Player)
  • #3,079
  • Edited 8:45am Mar 15, 2010 8:24am | Edited 8:45am
I am long:

CT, pin/div
also double bottom with div
1:1 R:R

update, went bad fast, bailed for -5 pips

update 2; CRAP. would've missed my stop by .5 pips and then hit tp!
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Isolate yourself from the herd
  • #3,080
  • Mar 15, 2010 9:42am Mar 15, 2010 9:42am
For some reason, I just felt like I couldn't take this. Sure, it was right into 1.37. Maybe that was the reason. We'll see how it plays out.
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