Attachments: Jankone M5 thread

Jankone M5 thread

#4,501
Mar 8, 2012 6:54am Mar 8, 2012 6:54am

stockEX
| Joined Dec 2011 | Status: Trader | 109 Posts

EURUSD M5 Pin with Divergence went straight to mid BB+21EMA.

In Hindsight not the best Setup Pin was weak and Div. was so-so but it worked out

. Stop 8pips gain 15,9pips

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#4,502
Mar 9, 2012 2:44am Mar 9, 2012 2:44am

pOcean
| Joined Feb 2012 | Status: Trader | 17 Posts

AUDUSD

Pinbar + Div with no strong trend
but bouncing off the S/R zone

TP 21ema
+7pips

Sometimes global TP (21ema) is too short to make even 1:1 RR with flat SL 10

Maybe, I should try position sizing for this.
But, it`s not easy to calculate and enter at the close of pinbar in real time.

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#4,503
Mar 9, 2012 5:22am Mar 9, 2012 5:22am

adam777
| Joined Sep 2007 | Status: Trader | 304 Posts

Quoting pOcean

Disliked

AUDUSD

Pinbar + Div with no strong trend
but bouncing off the S/R zone

TP 21ema
+7pips

Sometimes global TP (21ema) is too short to make even 1:1 RR with flat SL 10
Maybe, I should try position sizing for this.
But, it`s not easy to calculate and enter at the close of pinbar in real time.

Ignored

Try "Easy EA" and let me know how it goes:

http://www.forexfactory.com/showthre...=98061&page=12

It's features include a visual drag-and-drop: entry, stop loss, TP, and auto position size calculator.

Sounds really good and the only way to trade the 5min, as I have found it almost impossible to calculate position size manually within such a short time period. I haven't tested it yet on a live account so please give me some feedback if you end up using it.

Cheers

Adam

WARNING: Don't follow me as I'm just learning

#4,504
Mar 9, 2012 7:15am Mar 9, 2012 7:15am

stockEX
| Joined Dec 2011 | Status: Trader | 109 Posts

Another Quick Profit. Pin with Trend Stop 8pips TP 20pips

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#4,505
Mar 9, 2012 7:52am Mar 9, 2012 7:52am

stockEX
| Joined Dec 2011 | Status: Trader | 109 Posts

I sure missed the train on this one

.
Second time this is happening.After I got out it got rejected twice and then shot down 70pips and running. Must have been the news.I got to figure out this trailing stop thing

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#4,506
Mar 9, 2012 11:18am Mar 9, 2012 11:18am

biDc
| Joined Apr 2011 | Status: Trader | 819 Posts

Quoting stockEX

Disliked

I sure missed the train on this one.
Second time this is happening.After I got out it got rejected twice and then shot down 70pips and running. Must have been the news.I got to figure out this trailing stop thing

Ignored

Bummer!

Today gave two opportunities for me

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#4,507
Mar 9, 2012 8:18pm Mar 9, 2012 8:18pm

pOcean
| Joined Feb 2012 | Status: Trader | 17 Posts

Quoting adam777

Disliked

Try "Easy EA" and let me know how it goes:

http://www.forexfactory.com/showthre...=98061&page=12

It's features include a visual drag-and-drop: entry, stop loss, TP, and auto position size calculator.

Sounds really good and the only way to trade the 5min, as I have found it almost impossible to calculate position size manually within such a short time period. I haven't tested it yet on a live account so please give me some feedback if you end up using it.

Cheers

Adam

Ignored

I will try it next week !

Cheers

#4,508
Mar 9, 2012 9:07pm Mar 9, 2012 9:07pm

pOcean
| Joined Feb 2012 | Status: Trader | 17 Posts

This weeks` last trade

Pinbar + Div with Trend
but quick SL -6pips

about fitst green arrow Pinbar.
I hesitated to enter.
Was it good setup ?

I had total 19 trade for last 2weeks.
It`s too many trades, I think.
I will try to pick much carefully next week

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Name: 201239 EURJPY PB.jpg
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#4,509
Mar 12, 2012 8:30am Mar 12, 2012 8:30am

stockEX
| Joined Dec 2011 | Status: Trader | 109 Posts

First Trade of the Week. Stoploss 12pips Tp 23pips. This was a really fast Trade. I opened Metatrader today and the first thing I saw was this Setup,got in got 20pips

.
Thats how I like it.

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#4,510
Edited 8:55am Mar 12, 2012 8:40am | Edited 8:55am

stockEX
| Joined Dec 2011 | Status: Trader | 109 Posts

I would be interested in the Exit Strategies of the other people in this thread.
What I do is:I use side to side analysis to find a reasonable Profit Target,if I see too much resistance Before the trade would reach 1:1 I stay out of the trade .Usually I shoot for about 1:2 R:R and its been working out absolutely amazing so far(no losses). I will keep testing until I have a more realistic Win/loss Ratio but I´m convinced that you can have a really high accuracy with this method if you pick the right trades.

Edit: On thing I wanted to post for the others that are reading this Thread attached is a PDF presentation from Martin Pring it contains stuff about all kinds of Price Action patterns but theres Pin Bars in there too. Might be interesting to some of you.

Attached File(s)

Copy of Pring.pdf 2.1 MB | 5,142 downloads

#4,511
Mar 13, 2012 8:41am Mar 13, 2012 8:41am

tyler812
| Joined Dec 2007 | Status: Trader | 246 Posts

I was sleeping during this one. Nice looking PB at the emas and PPZ

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skype: ststroud. let's talk trading.

#4,512
Mar 13, 2012 1:34pm Mar 13, 2012 1:34pm

biDc
| Joined Apr 2011 | Status: Trader | 819 Posts

two trades here. one WT one CT

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#4,513
Mar 14, 2012 10:50am Mar 14, 2012 10:50am

tyler812
| Joined Dec 2007 | Status: Trader | 246 Posts

A couple of trades this morning:

First was with the trend, pb sitting right on the 21 ema. I closed when the bearish pb formed 3 bars later for +7 pips.

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This was a 2bar pb on m5, and a nice pb on m15, both patterns touching the EMAs. Profit taken at the previous bar lows @ 1.5665

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skype: ststroud. let's talk trading.

#4,514
Mar 15, 2012 12:10am Mar 15, 2012 12:10am

tyler812
| Joined Dec 2007 | Status: Trader | 246 Posts

This pin bar was pretty small, but it was larger than the previous 6-7 bars, and near the 21 ema and TL. I held on to this one until price started to move sideways and violated the trendline...closed 2 bars ago for +8 pips

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skype: ststroud. let's talk trading.

#4,515
Mar 15, 2012 9:02am Mar 15, 2012 9:02am

stockEX
| Joined Dec 2011 | Status: Trader | 109 Posts

Great Trade, Pinbar with Divergence Stoploss 9pips TP 37pips.I can only recommend to look at 15min and 30min Charts

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#4,516
Mar 15, 2012 9:29am Mar 15, 2012 9:29am

tyler812
| Joined Dec 2007 | Status: Trader | 246 Posts

Not a pin bar, but a very nice bearish outside bar right at the trendline. Also, note the RSI divergence. I conservatively took profit at the previous bar lows around 83.39 (which, by the way, is currently acting as resistance)

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skype: ststroud. let's talk trading.

#4,517
Mar 15, 2012 9:37am Mar 15, 2012 9:37am

tyler812
| Joined Dec 2007 | Status: Trader | 246 Posts

Not technically a pin bar b/c the open and close is not inside the previous bar. I traded this bar anyways, because it was with the trend and touching the ema. I was stopped out for -12 pips.

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