I hear and I forget. I see and I remember. I do and I understand.
I have been using Jankone method since a long time now.
I want to share my experience so that it may be useful for struggling traders
Jankone CT setups give quick profits and he calls then ' Quick pips in the Bank '. IMHO, the CT setups which occur near imp round numbers like the ones ending in 00 or multiples of 100 pips there after are worth trading. They really give quick pips in the bank. If you are not greedy, 1:1 RR will do fine and more than 80% of time this TP will be hit. Also note the pins occuring near important pivots.
So in summary :
For CT setups : look for
1) Beautiful Pin : the range of pin should be larger than the previous bar and this pin should be bold and distinct
2) Mandatory that the pin must straddle accross round numbers ending in 00 or multiples of 100 pips there after
3) Important Pivot points : is not mandatory, but if it occurs then nice
and offcourse the original rules i.e. div and nice pin.
Pairs to be tracked : EU, GU, UCHF, UCAD, AU, NU , UJ , EJ
TF : M5 , M15
if the above three factors are checked, there is really no need to peep on HTF since 1:1 RR is done very fast.
let me know your experience on this and if someone finds it useful
I have attached Pin indicator which filters the range of pin.
Just do following settings:
filter pin bar size : true
filter best pin bar patter : false
activate alarm : true/false depends on you.
Best wishes for your trading career
winston
I want to share my experience so that it may be useful for struggling traders
Jankone CT setups give quick profits and he calls then ' Quick pips in the Bank '. IMHO, the CT setups which occur near imp round numbers like the ones ending in 00 or multiples of 100 pips there after are worth trading. They really give quick pips in the bank. If you are not greedy, 1:1 RR will do fine and more than 80% of time this TP will be hit. Also note the pins occuring near important pivots.
So in summary :
For CT setups : look for
1) Beautiful Pin : the range of pin should be larger than the previous bar and this pin should be bold and distinct
2) Mandatory that the pin must straddle accross round numbers ending in 00 or multiples of 100 pips there after
3) Important Pivot points : is not mandatory, but if it occurs then nice
and offcourse the original rules i.e. div and nice pin.
Pairs to be tracked : EU, GU, UCHF, UCAD, AU, NU , UJ , EJ
TF : M5 , M15
if the above three factors are checked, there is really no need to peep on HTF since 1:1 RR is done very fast.
let me know your experience on this and if someone finds it useful
I have attached Pin indicator which filters the range of pin.
Just do following settings:
filter pin bar size : true
filter best pin bar patter : false
activate alarm : true/false depends on you.
Best wishes for your trading career
winston
Trading is a delicate balance of Strategy , Money management and Psychology
- #4,353
- Aug 9, 2011 3:27pm Aug 9, 2011 3:27pm
I have been using Jankone method since a long time now.
I want to share my experience so that it may be useful for struggling traders
Jankone CT setups give quick profits and he calls then ' Quick pips in the Bank '. IMHO, the CT setups which occur near imp round numbers like the ones ending in 00 or multiples of 100 pips there after are worth trading. They really give quick pips in the bank. If you are not greedy, 1:1 RR will do fine and more than 80% of time this TP will be hit. Also note the pins occuring near important pivots.
So in summary...
, thanks very very much to share.i try to learn the method, and add my knowledge in order the method suits me.
I am a conservative trader and the way you trade (with the above criteria) is perfect for me.
I can wait hours and days in order to see and trade a good and reliable setup
How many setup each weeks have you got with the pairs you wrote which respec your above criterias?
Please, post your trade, and comment/critisize my charts. i want to learn properly this method, and i need experiment traders with this method as you.
What do you think of the several PB i took abd post on this thread?
Thanks again very much for your answer on this great thread
I hear and I forget. I see and I remember. I do and I understand.
I have been using Jankone method since a long time now.
I want to share my experience so that it may be useful for struggling traders
Jankone CT setups give quick profits and he calls then ' Quick pips in the Bank '. IMHO, the CT setups which occur near imp round numbers like the ones ending in 00 or multiples of 100 pips there after are worth trading. They really give quick pips in the bank. If you are not greedy, 1:1 RR will do .....
Does someone finds it useful?
pretty simple stuff and in a nutshell :
trade CT beautiful , nice range, off rounder number , RSI div pins for regular income from forex markets.
Rinse and repeat !
Trading is a delicate balance of Strategy , Money management and Psychology
- #4,356
- Aug 11, 2011 4:12pm Aug 11, 2011 4:12pm
If a person follows this method correctly, this will prove to be extremely profitable. It's not rocket science. It's a simple method with defined entries executed over and over again. I agree, this is very useful.
Does someone finds it useful?
pretty simple stuff and in a nutshell :
trade CT beautiful , nice range, off rounder number , RSI div pins for regular income from forex markets.
Rinse and repeat !
- #4,357
- Aug 11, 2011 5:49pm Aug 11, 2011 5:49pm
Does someone finds it useful?
pretty simple stuff and in a nutshell :
trade CT beautiful , nice range, off rounder number , RSI div pins for regular income from forex markets.
Rinse and repeat !
I will try the method and post my chart, in order you confirm me the setup is the good or not.
Please Oneuniverse, could you post the charts when you take the trade with this setup.
I'm sure you have the eye, and you know immediatly if the setup is a good or not.
I'm sure that i am not the same eye, and i must learn to perfectly recognise the setup in order to have a Winston's eye
, so if you can help me....Thanks to take time to learn us
I hear and I forget. I see and I remember. I do and I understand.
- #4,358
- Edited Aug 12, 2011 5:27am Aug 11, 2011 6:51pm | Edited Aug 12, 2011 5:27am
Does someone finds it useful?
pretty simple stuff and in a nutshell :
trade CT beautiful , nice range, off rounder number , RSI div pins for regular income from forex markets.
Rinse and repeat !
Each Pb has a number on the chart, could you please tell me if you would had trade this PB or not, and if not why?
others question:
1)-As Jankone do you kill the trade after 3 bars if TP/stop is not reach , or do you wait your stop/TP is touching?
2)-Do you only take this kind of Pb (on RN) in countertrend+div, or you take the same Pb with trend?
3)-Is M15 setup as, more or less reliable than M5?.
4) Can we use the same setup on M30/H1?
5)-Do you use only Pb, or do you use other setup(two bars=a pin, engulfing bar,brak of IB...) with the others criteria?
Thanks very much for your help
I hear and I forget. I see and I remember. I do and I understand.
