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James16+Rayanmcd(Jan kone) and ME 7 replies

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Jankone M5 thread

  • #4,181
  • Nov 29, 2010 11:37am Nov 29, 2010 11:37am
Quoting stoli7188
Well said. I would've taken a BE on this trade, ended up passing because I wasn't 100% in love with the size of the pin but it was a very tradeable setup.

Judith what was your exit strategy?

I have been running a 2:1 TP and a BE at about 1:1. I say about because if breaks 6-8 pips on a 10 pip bar I will usually move to BE at this point.
thanks for your comments;
Since I always wait for the setup formation to be broken, I was only in 5-6 pips profit when it started going against me, I did set a Limit to break-even when I was in -2 pips (during third bar) but it never returned and took me out fast and clean.
  • #4,182
  • Nov 30, 2010 6:04am Nov 30, 2010 6:04am
Quoting judith
thanks for your comments;
Since I always wait for the setup formation to be broken, I was only in 5-6 pips profit when it started going against me, I did set a Limit to break-even when I was in -2 pips (during third bar) but it never returned and took me out fast and clean.

Should've mentioned this in my first post, but this was a good trade and should just be chalked up as one of the good setups not working out. My point was that even though it didn't win there was a small chance to get BE but regardless these are the types of losses that are suppose to occur. You know that over time if you keep taking these setups the odds will play out and you will be profitable, on to the next trade!
  • #4,183
  • Nov 30, 2010 7:49am Nov 30, 2010 7:49am
Hello everyone! I'm as newbie as you can get to trading. I discovered Jankone's method yesterday and have read the first pages. It looks kinda simple, but I don't understand what divergence means? I mean in some of these posts you say that great pin but no div. I need a clarification
  • #4,184
  • Dec 1, 2010 12:39am Dec 1, 2010 12:39am
hey if you trade with the trend, you dont need divergence - it's safer.
against the trend you need div, because it can be tricky.

search here.
http://www.babypips.com/school/regular-divergence.html

Quoting JayPips
Hello everyone! I'm as newbie as you can get to trading. I discovered Jankone's method yesterday and have read the first pages. It looks kinda simple, but I don't understand what divergence means? I mean in some of these posts you say that great pin but no div. I need a clarification
  • #4,185
  • Edited 7:44am Dec 8, 2010 7:32am | Edited 7:44am
I passed because we didn't get a good close on the BEOB. ran quickly though.

EDIT: argh, it stopped running after that bar lol.
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  • #4,186
  • Dec 8, 2010 11:29am Dec 8, 2010 11:29am
Aikido (on Wikipedia)

"Aikido is performed by blending with the motion of the attacker and redirecting the force of the attack rather than opposing it head-on. This requires very little physical strength, as the aikidōka (aikido practitioner) "leads" the attacker's momentum using entering and turning movements."

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It's not about how much you make, it's about how much you don't lose.
  • #4,187
  • Dec 9, 2010 8:25am Dec 9, 2010 8:25am
Quoting Dhb
Aikido (on Wikipedia)

[i]"Aikido is performed by blending with the motion of the attacker and...
Dhb,

I love these kinds of charts when you point out other trades you could have taken. Keep them coming, I think they're incredibly useful for those of us trading this kind of variation in between the standard trend + 21ema pin setups.

Thanks so much.

Scott
  • #4,188
  • Dec 9, 2010 8:49am Dec 9, 2010 8:49am
Quoting Dhb
Aikido (on Wikipedia)
...
hahah... Aikido.
i remember Steven Seagal.

nice chart & very nice point of view.... it's actually not an alternative point of view imho
  • #4,189
  • Dec 9, 2010 9:30am Dec 9, 2010 9:30am
Quoting Jankone
hey if you trade with the trend, you dont need divergence - it's safer.
against the trend you need div, because it can be tricky.

search here.
http://www.babypips.com/school/regular-divergence.html
I like you always help people in need, you are a good guy.
I have been following you since long time, and included your strategy in my trading style. I mostly use fibonacci though.
Regards!!
David
  • #4,190
  • Dec 25, 2010 5:57am Dec 25, 2010 5:57am
Merry christmas and happy new year everyone
I wish you successful year 2011, get better or even full time trader and make all your dreams come true.
  • #4,191
  • Dec 26, 2010 6:03am Dec 26, 2010 6:03am
Happy holidays too, to u & all
  • #4,192
  • Jan 3, 2011 8:58am Jan 3, 2011 8:58am
Happy new year folks!

I find this pretty interesting. The opening gap got filled which in confluence with a minor PPZ caused a nice pinbar.
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  • #4,193
  • Edited 7:09am Jan 5, 2011 7:07am | Edited 7:09am
There is a signal to enter short on USDJPY as of this time (5 min chart).

Lets see if this will win 10 pips SL is also 10 pips away.

Will post chart later.

TP 82.13

SL 82.33

EP = 82.23
My edge ===> Patience
  • #4,194
  • Jan 5, 2011 9:32am Jan 5, 2011 9:32am
Quoting Ben920FX
There is a signal to enter short on USDJPY as of this time (5 min chart).

Lets see if this will win 10 pips SL is also 10 pips away.

Will post chart later.

TP 82.13

SL 82.33

EP = 82.23

Its a loss -10 pips


Now I have another SHORT signal in USDCHF (15 min chart) as of this time.

EP .9658

TP .9648

SL .9668
My edge ===> Patience
  • #4,195
  • Jan 11, 2011 12:47pm Jan 11, 2011 12:47pm
Jankone -- I want to thank you for this thread you started. I read the first few pages from time to time just to refresh and understand the psychology aspect which I think you explained well in the least amount of words. The system is also quite good.
  • #4,196
  • Edited 3:07am Jan 21, 2011 2:55am | Edited 3:07am
Respect to thread owner Jankone...Took quick 1.5% on this one..seems a nice way to add some extra cash to the account if you know what your doing
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  • #4,197
  • Jan 21, 2011 10:29am Jan 21, 2011 10:29am
Quoting belekas
Respect to thread owner Jankone...Took quick 1.5% on this one..seems a nice way to add some extra cash to the account if you know what your doing
Hey guys,

My bro Belekas put me on to this method and thread. Not quite textbook examples on the following charts, but the first one on AUD was an entry following an outside bar, eventually took off and reached near my target which looked like a strong resistance zone, so I bagged a quick +25 pips as it didn't look like my TP of 30 pips would be hit.

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The second example on Cable is similar, entered a bit late on the break of an outside bar lower down. TP of +30 pips got hit.

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I still have to read the whole thread, so excuse me if my examples don't quite fit into the scheme of things, but what I've found is that a good knowledge of support and resistance can provide better odds of the trade moving in your direction. For example, I knew both my trades were longs entered at a decent support area, thus improving the probability considerably.

Anyway, apologies if I'm not applying method this correctly. Have a good weekend everybody
  • #4,198
  • Jan 21, 2011 11:02am Jan 21, 2011 11:02am
Quoting niteshift02
Hey guys,

My bro Belekas put me on to this method and thread. Not quite textbook examples on the following charts, but the first one on AUD was an entry following an outside bar, eventually took off and reached near my target which looked like a strong resistance zone, so I bagged a quick +25 pips as it didn't look like my TP of 30 pips would be hit.

Attachment

The second example on Cable is similar, entered a bit late on the break of an outside bar lower down. TP of +30 pips got hit.

Attachment

I still...
And that is called trading with the trend my friend. Well done. I had 6 trades today. 4 trend-wise and 2 counter-trend. All winners. Thanks to Ryanmcd and Jankone for showing us this way of intraday trading

p.s. just got back from gym and I see we had another trend-wise trade on the USD/JPY and a counter-trend trade on the EUR/JPY. Both went down nicely...Dayme...Need to get iPad so i can trade anywhere I go...lol...and one more on the eur/jpy with the trend right now that I missed...damn they happen often...of to take a shower...Safe trading!
  • #4,199
  • Jan 24, 2011 4:47am Jan 24, 2011 4:47am
Quoting niteshift02
Hey guys,
My bro Belekas put me on to this method and thread...
Quoting belekas
And that is called trading with the trend my friend. ..
nice to see u both here.

i didnt expect belekas to be 'impatient'/want to maximize pips/multitask too
  • #4,200
  • Jan 24, 2011 7:21am Jan 24, 2011 7:21am
Quoting supremeChaos
nice to see u both here.

i didnt expect belekas to be 'impatient'/want to maximize pips/multitask too
Thanks SC. I'm here for the money mate. That is all that matters to me atm. Today is my b-day so don't have a lot of time to trade but couldn't resist to trade this Aussy pin from mid bb+21 ema back into the trend and it's money in the bank. Nice quick and not complicated
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