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James16+Rayanmcd(Jan kone) and ME 7 replies

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Jankone M5 thread

  • #3,461
  • May 4, 2010 8:06am May 4, 2010 8:06am
Quoting Jduester
Yeah, I try to start watching 5min at 4:30CST. (London opens at 2:00am CST). I often find I've just missed something great to trade. But I think there are decent patterns throughout London... I don't find much after 11:00amCST though... London Close.
Do you guys trade right through to the NY close or do you rarely take anything after London close?
I'm normally on for ten or so hours, but soon to be 12 with the way London has been creating the trends. Normally, I'm here from 5 AM until 3 PM. Gotta change that sleep schedule to kick in around 3 and end around 2 or 3. After 2 PM, I don't take much tradewise anyway. Occasionally, there will be a good trade after 2 PM, but it's not consistent to say the least. That's Eastern time by the way.

After that, I'm normally going through the day's trades to see where I could have been more efficient, where I screwed up, what went well and why, etc.
I dream, therefore I become.
  • #3,462
  • May 4, 2010 9:01am May 4, 2010 9:01am
Quoting mike w
That's where it's at Xeqter. Nice trade man!
Thanks mike, for these words out of your keyboard!
  • #3,463
  • May 4, 2010 11:33pm May 4, 2010 11:33pm
Quoting mike w
I'm normally on for ten or so hours, but soon to be 12 with the way London has been creating the trends. Normally, I'm here from 5 AM until 3 PM. Gotta change that sleep schedule to kick in around 3 and end around 2 or 3....
uh oh, that's detrimental to our health, bro.

Quoting mike w
I've been noticing a lot as of late that the trending moves have been coming on earlier in the day. What to do, what to do.,,,,
better start packing & go to Australia, or better yet, South East Asia/Philippines.
  • #3,464
  • May 5, 2010 2:28am May 5, 2010 2:28am
Quoting mike w
I've been noticing a lot as of late that the trending moves have been coming on earlier in the day. What to do, what to do. Just trade the pairs that are USD prominent, IMO. Anyone else been noticing the London takeover for the trend?


Absolutely, my friend. Recently a lot of the action has been in the first few hours of the London session, but it never stays that way for long. Just when you think you've got a handle on it, it changes.....like yesterday's solid down day on the EU.

Frankfurt is worth watching too for signs on the day...
  • #3,465
  • May 5, 2010 6:31am May 5, 2010 6:31am
Quoting supremeChaos
uh oh, that's detrimental to our health, bro.


better start packing & go to Australia, or better yet, South East Asia/Philippines.
Oh it's not my man. My office isn't normal to say the least lol I'm always moving around and exercising in between my trades even if it's just for 5 minutes. I'm too "squirmy" to stay in one spot for very long. Half the time, my office is poolside actually.

And Aaron, I'm liking that hint with Frankfurt. Have you noticed the "power hour" to be a turnaround point as it's claimed to be? More or less like Peter Crowns' breakout strategy I would think.

Oh and yesterday's trends were a thing of beauty, that's for sure.
I dream, therefore I become.
  • #3,466
  • May 5, 2010 6:39am May 5, 2010 6:39am
follow the trend, hope everyone is still doing well.
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  • #3,467
  • May 5, 2010 6:50am May 5, 2010 6:50am
Quoting mike w
Oh it's not my man. My office isn't normal to say the least lol I'm always moving around.....
i was referring to your sleeping schedule. sorry for not being clear.

anyway, u seem to end trading early so u got plenty of time for adequate rest.
& it's good to know u exercise/move around a lot
  • #3,468
  • May 5, 2010 6:52am May 5, 2010 6:52am
Quoting supremeChaos
i was referring to your sleeping schedule. sorry for not being clear.

anyway, u seem to end trading early so u got plenty of time for adequate rest.
& it's good to know u exercise/move around a lot
That's it brother, and there's a good lesson in your post, I think, without you even realizing you gave it. Trade to live ladies and gents. When this becomes your life, you lost it. Treat it as a workday and that's it.
I dream, therefore I become.
  • #3,469
  • May 5, 2010 6:53am May 5, 2010 6:53am
Quoting Icehocey77
follow the trend, hope everyone is still doing well.
(looking closely at the charts)... aha!
what can u say about the Alligator & AO?

nice trades.
  • #3,470
  • May 5, 2010 6:58am May 5, 2010 6:58am
Quoting mike w
That's it brother, and there's a good lesson in your post, I think, without you even realizing you gave it. Trade to live ladies and gents. When this becomes your life, you lost it. Treat it as a workday and that's it.
Haha... yes Sir, there is a lesson for some people out there.
i lived to trade before (to be exact, i was pressured to trade & make money). i watched charts, with or without trades, for like 13 - 20hrs daily (a few times more than 24hrs). i pushed it way too far, i went way beyond my limit.

now i eat well, sleep well, & think a lot better.
  • #3,471
  • May 5, 2010 8:27am May 5, 2010 8:27am
Quoting mike w

And Aaron, I'm liking that hint with Frankfurt. Have you noticed the "power hour" to be a turnaround point as it's claimed to be? More or less like Peter Crowns' breakout strategy I would think.
Yep, it's not 100% like anything but it all goes into the mix....
  • #3,472
  • May 6, 2010 8:42am May 6, 2010 8:42am
i hope some of you were able to make good money from this beauty!
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  • #3,473
  • May 6, 2010 9:14am May 6, 2010 9:14am
1st classic trend pin
2st ct div pin.
this is what you should trade and what we are waiting for
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  • #3,474
  • Edited 1:04pm May 6, 2010 12:51pm | Edited 1:04pm
Today has been insane. That's all I can say right now....wow. This is a whole new level. Damn guys, I don't care how new or old to this you are, how much experience you really have or how much you've made or lost so far, stick with it for your own good. Jankone and Ryan, words can't express.

I'm done for the week now and probably next week too. I'm too euphoric to trade for a few days. It feels like I knocked out Tyson in his prime and that's never a good sign. Peace out everybody.
I dream, therefore I become.
  • #3,475
  • May 6, 2010 2:17pm May 6, 2010 2:17pm
Quoting mike w
Today has been insane. That's all I can say right now....wow. This is a whole new level. Damn guys, I don't care how new or old to this you are, how much experience you really have or how much you've made or lost so far, stick with it for your own good. Jankone and Ryan, words can't express.

I'm done for the week now and probably next week too. I'm too euphoric to trade for a few days. It feels like I knocked out Tyson in his prime and that's never a good sign. Peace out everybody.
Ditto that. Just journaling all my thoughts right now. Crazy times.
  • #3,476
  • May 10, 2010 2:26am May 10, 2010 2:26am
Unfortunately, some people trade CT pinbar but without divergence in RSI. I think it is contrary to the original rules, don't you think ? Or do you recommend to trade like this too ?
For me, as I am new to this thread, I only trade pinbar with the trend to get a best W/L ratio. Is it also good ?

Thanks Jankone for your thread.

Quoting Jankone
1st classic trend pin
2st ct div pin.
this is what you should trade and what we are waiting for
  • #3,477
  • May 10, 2010 12:45pm May 10, 2010 12:45pm
pinbar in CT without div is gamble for me.
i don't trade it, it's tricky setup. With div it's more reliable.
Trend pinbar is great if you are new, overall trend trades are more reliable and "safer"
Think about it easy.
ONLY if you can trade with 51% WINS and 1:1 you are profitable. it's old lame rule with coin flip. and im sure if you can imagine if you trade with 51-60 (or more ) % and you are 2:1 (or more ).


Quoting hmaoui
Unfortunately, some people trade CT pinbar but without divergence in RSI. I think it is contrary to the original rules, don't you think ? Or do you recommend to trade like this too ?
For me, as I am new to this thread, I only trade pinbar with the trend to get a best W/L ratio. Is it also good ?

Thanks Jankone for your thread.
  • #3,478
  • May 10, 2010 5:12pm May 10, 2010 5:12pm
why is anyone bothering taking risky ct trades, there are plenty of trades you can take with the trend that will make you tons of pips, you might want to find other pairs to trade too. I don't trade this exact method but something similar on the 5min charts and trade the usd/jpy, gbb/usd, eur/jpy, eur/usd and there a plenty of pins with the trend to take on these pairs, for me counter trend trades are simply not worth the risk unless I am seeing some killer pa coupled with low risk that says this is close to a sure thing.
  • #3,479
  • May 11, 2010 4:59am May 11, 2010 4:59am
nice pin off 21ema and mid bb with trend
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  • #3,480
  • May 14, 2010 3:29am May 14, 2010 3:29am
Thank you for your answer. I will continue to trade this way on PA method (pinbar within the trend) because I think there is a good W/L ratio and a TP/SL even more interesting ! So it means in a longer term view I would be very profitable....without risking a lot of money. That's pure trading !!!

Quoting Jankone
pinbar in CT without div is gamble for me.
i don't trade it, it's tricky setup. With div it's more reliable.
Trend pinbar is great if you are new, overall trend trades are more reliable and "safer"
Think about it easy.
ONLY if you can trade with 51% WINS and 1:1 you are profitable. it's old lame rule with coin flip. and im sure if you can imagine if you trade with 51-60 (or more ) % and you are 2:1 (or more ).
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