Jankone M5 thread | Page 199 | 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

  • #3,961
  • Sep 2, 2010 1:03pm Sep 2, 2010 1:03pm
I just bumped into this CT daily setup, at a swing low, divergence and good shape overall.
I,m hesitant to place my stop order above the PIN, the main reason is that huge "withtrend" bearish bar and the fact that it didn't break right away.
I just don't feel confident enuff. It is a good exercise thou!
what do you think?
Attached Image
  • #3,962
  • Sep 2, 2010 1:46pm Sep 2, 2010 1:46pm
Quoting judith
I just bumped into this CT daily setup, at a swing low, divergence and good shape overall.
I,m hesitant to place my stop order above the PIN, the main reason is that huge "withtrend" bearish bar and the fact that it didn't break right away.
I just don't feel confident enuff. It is a good exercise thou!
what do you think?
Hello Judith,

IMHO I think that is not a great pinbar. It´s hidden. I agree when you´ve said not fell confident.

Bye
If I Change, the whole World changes!
  • #3,963
  • Sep 2, 2010 3:00pm Sep 2, 2010 3:00pm
Quoting judith
I just bumped into this CT daily setup, at a swing low, divergence and good shape overall.
I,m hesitant to place my stop order above the PIN, the main reason is that huge "withtrend" bearish bar and the fact that it didn't break right away.
I just don't feel confident enuff. It is a good exercise thou!
what do you think?

If I traded D1, initially I would have been short the bearish bar with tail, but since it now formed a double bottom with bullish divergence, I'd be out. Since the trend is still down, I'd be waiting for a new signal to go short with the trend. For me, the "pin" that formed the double bottom does not show enough rejection (tail) for me to comfortably go long. It's just not big enough.
It's not about how much you make, it's about how much you don't lose.
  • #3,964
  • Sep 2, 2010 4:12pm Sep 2, 2010 4:12pm
Quoting Forex Girl
Hello Judith,

IMHO I think that is not a great pinbar. It´s hidden. I agree when you´ve said not fell confident.

Bye
I only take CT pin-bars when they are the second leg on a double bottom/Top (maybe triple) so, i guess I only take hidden pin-bars as by your nomenclature.

I've come to realize that a single bar is not quite enough to stop the running train, especially on a 5min time frame.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 001.gif Size: 13 KB
Click to Enlarge Name: 004.gif Size: 12 KB
Click to Enlarge Name: 24un10.gif Size: 13 KB
  • #3,965
  • Sep 2, 2010 4:28pm Sep 2, 2010 4:28pm
Quoting Dhb
If I traded D1, initially I would have been short the bearish bar with tail, but since it now formed a double bottom with bullish divergence, I'd be out. Since the trend is still down, I'd be waiting for a new signal to go short with the trend. For me, the "pin" that formed the double bottom does not show enough rejection (tail) for me to comfortably go long. It's just not big enough.
I agree with you on being short on that bearish bar, I would have, but I didn't notice until today.
About the counter pin, it is not the size i worry about, but the fact that it didn't test the bottom to the last pip, If it had run the stops, say..to 84.50 and come back it would show much more strength.


anyway, thanks to you all
  • #3,966
  • Sep 2, 2010 5:45pm Sep 2, 2010 5:45pm
hello IMO i m not full of confidence in your all trades bcoz these are the not A ++ Bar try to take A++ setup and wait for the setup let them come to u dont rush the trade ...wait and see if its come to your sniper shot...i think u getting wat i m saying..IMO welcome rply

Muhammad

Quoting judith
I only take CT pin-bars when they are the second leg on a double bottom/Top (maybe triple) so, i guess I only take hidden pin-bars as by your nomenclature.

I've come to realize that a single bar is not quite enough to stop the running train, especially on a 5min time frame.
FxHome
  • #3,967
  • Edited 10:40pm Sep 2, 2010 9:56pm | Edited 10:40pm
Quoting Muhammad989
hello IMO i m not full of confidence in your all trades bcoz these are the not A ++ Bar try to take A++ setup and wait for the setup let them come to u dont rush the trade ...wait and see if its come to your sniper shot...i think u getting wat i m saying..IMO welcome rply

Muhammad
thank you sir, I know you mean well.

look, here's another chart, it happened just an hour ago.
Attached Image (click to enlarge)
Click to Enlarge Name: eu02sep10.gif Size: 23 KB
  • #3,968
  • Sep 3, 2010 4:36am Sep 3, 2010 4:36am
Nice one, Judith. Pin shape is great, great div (notice the uninterrupted "M"). In short, great setup.
It's not about how much you make, it's about how much you don't lose.
  • #3,969
  • Sep 3, 2010 5:14am Sep 3, 2010 5:14am
chart.........
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 3 sep pb at ej sell.gif Size: 16 KB
Click to Enlarge Name: 3 sep pb aj uj sell.gif Size: 17 KB
FxHome
  • #3,970
  • Sep 3, 2010 5:36am Sep 3, 2010 5:36am
gose 1:1 and i set BE then hit my BE ..feel free now
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 3 sep pb aj ej sell tp tp touch n hit be now.gif Size: 17 KB
Click to Enlarge Name: 3 sep pb aj uj sell tp tp touch n hit be now.gif Size: 17 KB
FxHome
  • #3,971
  • Sep 3, 2010 9:32pm Sep 3, 2010 9:32pm
Hello All,

thanks for the great thread and info for a system to the starter Jankone.

and thanks for the great help from supremeChaos , Dhb, and many other,

same the trades postings from Muhammad989

I read this thread and I will join this great group of traders and show in the future some of my trades, hope this can help and also help me.

best weekend to all and all the best for the next tradingweek
  • #3,972
  • Sep 4, 2010 11:17pm Sep 4, 2010 11:17pm
Quoting judith
I just bumped into this CT daily setup, at a swing low, divergence and good shape overall.
I,m hesitant to place my stop order above the PIN, the main reason is that huge "with trend" bearish bar and the fact that it didn't break right away.
I just don't feel confident enuff. It is a good exercise thou!
what do you think?
not feeling confident is usually 1 bad alert/signal.

i immediately noticed, there was VERY immediate resistance/PPZ (84.65 - 84.80). whether or not this trade became profitable, this area was the immediate problem area price needed to breach.
also, our PA setups(PB etc), dont always break at the next bar. sometimes it breaks after a few bars. (of course we want it to break right at the succeeding bar.)

also, recalling the previous charts u posted...i noticed u are sort of accustomed to trading small/not-so-spectacular-looking pins. i hope u can detach yourself from this habit... or at least be aware of this preference every time u trade/decide to trade.



Quoting judith
...
I've come to realize that a single bar is not quite enough to stop the running train, especially on a 5min time frame.
this is very important realization
remember, div is NOT enough reason to take a CT trade, specially if trend is strong/very strong.

compare the chart u traded with this one, in every aspect that u can. noticeably different right
Quoting judith
look, here's another chart, it happened just an hour ago.
  • #3,973
  • Sep 5, 2010 1:44am Sep 5, 2010 1:44am
Quoting punisher
Hello All,
.....
Thanks Sir.
Keep posting & Welcome in behalf of all!
  • #3,974
  • Sep 5, 2010 7:22am Sep 5, 2010 7:22am
just found this
"The person who knows that enough is enough, will always have enough". .
  • #3,975
  • Sep 8, 2010 5:27am Sep 8, 2010 5:27am
chart...Pin bar making also on 15 min TF .....
Attached Image (click to enlarge)
Click to Enlarge Name: 8 sep au sell pb.gif Size: 17 KB
FxHome
  • #3,976
  • Sep 8, 2010 8:24am Sep 8, 2010 8:24am
chart....tp hit my trade saved by the 3 pips ....any comments ?
Attached Image (click to enlarge)
Click to Enlarge Name: 8 sep pb at au tp hit.gif Size: 30 KB
FxHome
  • #3,977
  • Sep 8, 2010 8:32am Sep 8, 2010 8:32am
I like it
  • #3,978
  • Sep 8, 2010 8:39am Sep 8, 2010 8:39am
Congrats... I also took that trade... +18

Say, is that an indicator you're using to put the higher time frames on the chart? Care to share?

Quoting Muhammad989
chart....tp hit my trade saved by the 3 pips ....any comments ?
  • #3,979
  • Sep 8, 2010 8:43am Sep 8, 2010 8:43am
Careful when trying to fade a push up or down that's "walking the band", as was the case with that trade. This time it worked out alright in the end, but it was only just. There was a strong move up going on, with no real pullbacks (i.e. walking the band). Those are the ones that burn you more often than not.

I'd have taken the buob from the mid bb/21 ema/50 sma, 12 bars earlier, for the ride up (the 50 sma still indicated an uptrend).
It's not about how much you make, it's about how much you don't lose.
  • #3,980
  • Sep 8, 2010 10:03am Sep 8, 2010 10:03am
chart .....trade with the trend ....need commenets...
Attached Image (click to enlarge)
Click to Enlarge Name: 8 sep gu buy pb trade with the trend.gif Size: 30 KB
FxHome
1 trader viewing now