Jankone M5 thread | Page 164 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

James16+Rayanmcd(Jan kone) and ME 7 replies

Attachments: Jankone M5 thread
Exit Attachments

Jankone M5 thread

  • #3,261
  • Mar 24, 2010 12:51pm Mar 24, 2010 12:51pm
These are the trades I took on demo today (ignore the buy trades these are higer timeframe swing trades) as still learning to trade this time frame. It was deinfitely one of the easier days today as price movement was quite predictable.
Attached Image (click to enlarge)
Click to Enlarge Name: 2010-03-24_-_EU_5min_trades.png Size: 49 KB
  • #3,262
  • Mar 24, 2010 3:02pm Mar 24, 2010 3:02pm
Quoting NosferatuMan
By the way, do you set your limit order only after the break of pinbar or after the close of the candle?
30-40sec before PB closes
One Chart is Worth Ten Thousand Words.
  • #3,263
  • Mar 24, 2010 3:04pm Mar 24, 2010 3:04pm
Quoting lovejoy80
These are the trades I took on demo today (ignore the buy trades these are higer timeframe swing trades) as still learning to trade this time frame. It was deinfitely one of the easier days today as price movement was quite predictable.
Trade 1 is "failed BO" as pullback was, in fact, beginning of the (main) move in the direction opposite to BO.
One Chart is Worth Ten Thousand Words.
  • #3,264
  • Mar 24, 2010 3:32pm Mar 24, 2010 3:32pm
Quoting Forex007
Trade 1 is "failed BO" as pullback was, in fact, beginning of the (main) move in the direction opposite to BO.
This is what I meant
Attached Image (click to enlarge)
Click to Enlarge Name: eu_5min_2.png Size: 60 KB
  • #3,265
  • Mar 24, 2010 3:59pm Mar 24, 2010 3:59pm
Sorry, I misunderstood you.
One Chart is Worth Ten Thousand Words.
  • #3,266
  • Mar 24, 2010 5:03pm Mar 24, 2010 5:03pm
Quoting Forex007
30-40sec before PB closes
That is pro stuff

What if the price changes suddenly and it turns out not to be a pinbar and your order gets filled anyway?

(Hope I'm getting it right)
  • #3,267
  • Mar 24, 2010 5:24pm Mar 24, 2010 5:24pm
Quoting NosferatuMan
That is pro stuff

What if the price changes suddenly and it turns out not to be a pinbar and your order gets filled anyway?

(Hope I'm getting it right)
M5 bar in the last 30-40 sec?.. (Almost) never happened (and I don't do that 30 sec before the NPF). Sometimes, I check M1 for extra clarification.
One Chart is Worth Ten Thousand Words.
  • #3,268
  • Mar 24, 2010 5:46pm Mar 24, 2010 5:46pm
Quoting Forex007
M5 bar in the last 30-40 sec?.. (Almost) never happened (and I don't do that 30 sec before the NPF). Sometimes, I check M1 for extra clarification.
Understood
  • #3,269
  • Edited 5:00am Mar 25, 2010 4:28am | Edited 5:00am

Didn't want to push this one too far as it's against main trend and was approaching 4hr resistance.
Steve.

PS, ignore the sell order lower down.

Edit: News release took it straight up to 1.50.
Attached Image (click to enlarge)
Click to Enlarge Name: gu2.png Size: 43 KB
"The more I practice, the luckier I get." (Gary Player)
  • #3,270
  • Mar 25, 2010 4:58am Mar 25, 2010 4:58am
Quoting mrsingha
Edit: News release took it straight up to 1.50.
I missed similar setup on M15 (the chart says M5, that's a mistake).

[Off-topic] Have a look at white arrows - that's where big boys were loading up their trades. FF Open (1st vertical line) tells us a lot (have a look at Islander trades at Psych Levels thread) - when the orders rolled in, they didn't reverse the direction...
Attached Image (click to enlarge)
Click to Enlarge Name: GU_M15_-_PB.png Size: 60 KB
One Chart is Worth Ten Thousand Words.
  • #3,271
  • Mar 25, 2010 5:10am Mar 25, 2010 5:10am
Quoting Forex007
I missed similar setup on M15 (the chart says M5, that's a mistake).

[Off-topic] Have a look at white arrows - that's where big boys were loading up their trades. FF Open (1st vertical line) tells us a lot (have a look at Islander trades at Psych Levels thread) - when the orders rolled in, they didn't reverse the direction...
Off to the beach tomorrow for some much needed R&R so I'll check that thread out when I get back. Insightful post again 007.

S.
"The more I practice, the luckier I get." (Gary Player)
  • #3,272
  • Mar 25, 2010 5:23am Mar 25, 2010 5:23am
Quoting Forex007
I missed similar setup on M15 (the chart says M5, that's a mistake).

[Off-topic] Have a look at white arrows - that's where big boys were loading up their trades. FF Open (1st vertical line) tells us a lot (have a look at Islander trades at Psych Levels thread) - when the orders rolled in, they didn't reverse the direction...
Just to follow up / compliment this post...really in relation to the 1.5000 area and an obvious setup...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1_001.png Size: 86 KB
Click to Enlarge Name: 2_001.png Size: 71 KB
  • #3,273
  • Mar 25, 2010 5:54am Mar 25, 2010 5:54am
Notice how we couldn't break through the EMA21/BB... but can't break through 1.3350 either... maybe this next time...
Attached Image (click to enlarge)
Click to Enlarge Name: eu 032510 5.45 later.gif Size: 34 KB
  • #3,274
  • Mar 25, 2010 6:04am Mar 25, 2010 6:04am
Quoting Jduester
Notice how we couldn't break through the EMA21/BB... but can't break through 1.3350 either... maybe this next time...
Indeed.

And there were 2 valid pins that stopped its down movement right in the middle BB (took the second one for a BE trade).
  • #3,275
  • Mar 25, 2010 6:04am Mar 25, 2010 6:04am
Quoting Forex007
I...
[Off-topic] Have a look at white arrows - that's where big boys were loading up their trades. FF Open (1st vertical line) tells us a lot (have a look at Islander trades at Psych Levels thread) - when the orders rolled in, they didn't reverse the direction...
Hahah.
i visit ALL those threads & look up to ALL the traders u've mentioned.
no wonder u know a lot.

Quote
FF Open (1st vertical line)
btw, FF is Frankfurt right? i initially thought Forex Factory, LOL
just FYI for the others
  • #3,276
  • Mar 25, 2010 6:08am Mar 25, 2010 6:08am
Quoting Jduester
Notice how we couldn't break through...
US session coming in.
we might see some fireworks later, breaking the current push & pull.
  • #3,277
  • Mar 25, 2010 6:13am Mar 25, 2010 6:13am
Quoting Jduester
Notice how we couldn't break through the EMA21/BB... but can't break through 1.3350 either... maybe this next time...
I just spotted an important divergence on your chat. A good opportunity to look follow up
Mystery Is The Final Product Of Ignorance. Hey! What's ma chart doin'
  • #3,278
  • Mar 25, 2010 6:56am Mar 25, 2010 6:56am
Quoting supremeChaos
Hahah.
i visit ALL those threads & look up to ALL the traders u've mentioned.

btw, FF is Frankfurt right? i initially thought Forex Factory, LOL
just FYI for the others
I am glad we are on the same "frequency", SC! Did you get a PDF copy of that Al Brooks' book?

FF Open vs Forex Factory - I liked that joke a lot!
One Chart is Worth Ten Thousand Words.
  • #3,279
  • Mar 25, 2010 7:00am Mar 25, 2010 7:00am
Quoting lovejoy80
Just to follow up / compliment this post...really in relation to the 1.5000 area and an obvious setup...
Great comments, LJ!
One Chart is Worth Ten Thousand Words.
  • #3,280
  • Mar 25, 2010 7:08am Mar 25, 2010 7:08am
Forex007,
Not yet, Sir. but it's only a matter of time before i download & read it.
im become more curious specially when lovejoy commented on it. (let me see if it indeed is a 'hard read')
Thanks again
1 trader viewing now