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James16+Rayanmcd(Jan kone) and ME 7 replies

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Jankone M5 thread

  • #4,141
  • Nov 1, 2010 5:10am Nov 1, 2010 5:10am
Quoting dan89
Hey, you dont happen to know of an idicator that shows the pip range of the current candles high and low
there are a few indicators that do this.
search around FF for these.
(i got a problem with the PC im using now so i cant help much as to the indicators' names)

Quoting whatfx
hi
is the original system still working ? is everyone making money ??
every trend method/system works.
this method works.

the questions "is the original system still working ? is everyone making money ??" are immaterial or at least secondary only to the questions "is it working for me?" or 'does it make me money' or 'is this method for me?'.
  • #4,142
  • Nov 1, 2010 5:17pm Nov 1, 2010 5:17pm
Hey, thanks for the reply, yeah ive got one of the indicators but the only problem is you have to line up the cross thingy and read off the value which can be hard when im trading low tfs, plus its not accurate
  • #4,143
  • Nov 2, 2010 3:54am Nov 2, 2010 3:54am
Quoting dan89
Hey, you dont happen to know of an idicator that shows the pip range of the current candles high and low
I was always asking myself that same question, so I adjusted the standard Metaquotes ATR histogram indicator slightly to

* use a default value of 1, which means it will give the hilo range of any bar
* make the indicator window invisible, because it used up screen space
* leave the value of the indicator still visible in the Data Window.

To read the value of a bar, press CTRL + D, which opens the Data window. The line ATR (1) shows the hilo range of the bar where the cursor is.
It helps a lot to switch off the option for other indicators to show their values in the Data Window, it just makes it much faster to read the range value.
Attached Image (click to enlarge)
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Attached File(s)
File Type: mq4 ATR histo invisible.mq4   2 KB | 533 downloads
  • #4,144
  • Nov 2, 2010 8:37am Nov 2, 2010 8:37am
Hey thanks for the reply and the indi. i will try this out as soon as i can.

thanks
Dan
  • #4,145
  • Nov 2, 2010 1:41pm Nov 2, 2010 1:41pm
Its election day and markets are really slow... so...
will it work?
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  • #4,146
  • Nov 4, 2010 6:39am Nov 4, 2010 6:39am
Hi everyone,

I would like to talk about pinbar in trend + (hidden)divergence.

It happens not often and I don't have a track record on this setup. If some one can tell me how reliable is it ?
  • #4,147
  • Nov 4, 2010 1:07pm Nov 4, 2010 1:07pm
Quoting Walcott
Hi everyone,

I would like to talk about pinbar in trend + (hidden)divergence.

It happens not often and I don't have a track record on this setup. If some one can tell me how reliable is it ?

Hey Walcott, I can't answer your question exactly but I can tell you one thing from experience... asking people how reliable something is without doing any testing on your own will not get you anywhere as a trader.

You may think it is saving time but trust me (or don't) you won't become a better trader this way. You need to put the time in, learn your method, trust your method and figure out- on your own- how/why your method works and what the good setups look like. Do work.

Take care,
Chris
  • #4,148
  • Nov 5, 2010 3:37pm Nov 5, 2010 3:37pm
last couple of days has been pretty slow .. not many pinbars at the 21 EMA ... ones that i like that is
  • #4,149
  • Nov 6, 2010 5:55am Nov 6, 2010 5:55am
There are more setups on M5 than you might think, but it's absolutely true that if you strictly look at pins @ 21 EMA, you'll find few opportunities.

Try not to focus on pins @ 21 alone, try to see the bigger picture. The price action. The market rhythm, if you will. A pin is just a pin, but if you'll learn to see the bigger picture, you'll start to see more tradeable(/tradable?) setups.

If I may suggest some additional reading to you guys, take a look at the two threads of trade price. Don't forget to read the pdf first. Also check out Vantage's Higher Low, Lower High thread. These are great threads of experienced traders who trade lower timeframes, using price action, and they definitely complement the material in this thread very well.

I can assure you that when you finish reading these threads, you'll start to see the bigger picture better, and I'm sure you'll start to see that there are more setups to trade successfully besides pins @ 21 EMA.
It's not about how much you make, it's about how much you don't lose.
  • #4,150
  • Edited 7:32am Nov 6, 2010 7:12am | Edited 7:32am
Quote
If I may suggest some additional reading to you guys, take a look at the two threads of trade price. Don't forget to read the pdf first. Also check out Vantage's Higher Low, Lower High thread.

Hi ya Dhb....

Excellent threads you put up in these links on PA...thanks for that!

Where you say "Don't forget to read the pdf first.", Is this what you were talking about?....if not could you post the link to it directly please?

Thanks again for this info..

Adrian
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  • #4,151
  • Nov 6, 2010 8:53am Nov 6, 2010 8:53am
Anyone have a simple pinbar indi WITH either an audio or pop up alert.
Thanks
  • #4,152
  • Nov 6, 2010 10:11am Nov 6, 2010 10:11am
Quoting aarangio
Hi ya Dhb....

Excellent threads you put up in these links on PA...thanks for that!

Where you say "Don't forget to read the pdf first.", Is this what you were talking about?....if not could you post the link to it directly please?

Thanks again for this info..

Adrian
Hi Adrian,

Yeah, that's the pdf I was talking about.
It's not about how much you make, it's about how much you don't lose.
  • #4,153
  • Nov 6, 2010 10:30am Nov 6, 2010 10:30am
Quoting Dhb
Hi Adrian,

Yeah, that's the pdf I was talking about.
Hi ya Dhb..

thanks for your help with this info!

Adrian
  • #4,154
  • Nov 6, 2010 1:14pm Nov 6, 2010 1:14pm
Quoting Dhb
There are more setups on M5 than you might think, but it's absolutely true that if you strictly look at pins @ 21 EMA, you'll find few opportunities.

Try not to focus on pins @ 21 alone, try to see the bigger picture. The price action. The market rhythm, if you will. A pin is just a pin, but if you'll learn to see the bigger picture, you'll start to see more tradeable(/tradable?) setups.

If I may suggest some additional reading to you guys, take a look at the two threads of trade price....
Hi DHB thanks for the links. I have skimmed through trade price pdf a while ago. I do understand the bigger picture/market etc which prevents me from taking just any old pin at 21 Ema. im not looking for more setups, 1 good trade per day is all i need. Thanks for the advice though

Dan
  • #4,155
  • Nov 8, 2010 6:03pm Nov 8, 2010 6:03pm
Quoting dan89
Hi DHB thanks for the links. I have skimmed through trade price pdf a while ago. I do understand the bigger picture/market etc which prevents me from taking just any old pin at 21 Ema. im not looking for more setups, 1 good trade per day is all i need. Thanks for the advice though

Dan
Another slow-ass day. How did you guys find it ? I think i will check out the threads DHB lol since im getting 0 signals the last week . Im trying to follow RyanMCD way of trading- trend only, pins at 21 ema. Ive been though most of his posts and this is basically what he does. (as far as im aware).
  • #4,156
  • Nov 9, 2010 5:35am Nov 9, 2010 5:35am
Quoting dan89
Another slow-ass day. How did you guys find it ? I think i will check out the threads DHB lol since im getting 0 signals the last week . Im trying to follow RyanMCD way of trading- trend only, pins at 21 ema. Ive been though most of his posts and this is basically what he does. (as far as im aware).
nothing yesterday except this uchf which i got out at BE.
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  • #4,157
  • Nov 9, 2010 8:18am Nov 9, 2010 8:18am
Hi guys,

I am new to this method and like to thank Jankone for sharing it with everyone.
I attached a chart and can anyone comment is it a valid with trend pinbar?
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  • #4,158
  • Nov 9, 2010 8:30am Nov 9, 2010 8:30am
took this too but got stopped out by a couple of pips... hope anyone can comment i did right or wrong with this pinbar which I suppose is with trend?
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  • #4,159
  • Nov 9, 2010 10:15am Nov 9, 2010 10:15am
Quoting Heavenforex
took this too but got stopped out by a couple of pips... hope anyone can comment i did right or wrong with this pinbar which I suppose is with trend?
Hi heavenforex. Not to put anyone down. There are people here who have been very successful with this strategy. But even i tried it for some time and i faced same problem- too many stop losses.

In my experience, its better to look for "perfect" pin bars. I mean those with smallest body. Also if the body of pin bar is hugging (opens/ closes exactly at) some s/r level like MA or RN then its even better. In your cases pin bars were too large or bodies too far away from S/R level.

Just sharing my experience. Hope someone better experienced gives a better explanation.

Cheers

Edit: The first chart you posted still looking perfect to me. Even i took that trade and got stopped. Happens sometimes. Second chart i didn't take because it closed too far away from MA.
Making money is easy- Just dont take losing trades
  • #4,160
  • Nov 9, 2010 11:07am Nov 9, 2010 11:07am
thanks survivor for your input,

I did not get stop out for the EU trade as i my stoploss 2 pips below the low of the PB...I got BE in the end though...
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