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James16+Rayanmcd(Jan kone) and ME 7 replies

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Jankone M5 thread

  • #4,561
  • Mar 23, 2012 8:26am Mar 23, 2012 8:26am
Quoting bluemosaic
Just got in on the pinbar indicated below by the red arrow for a nice gain of 25 pips

:-)
Glad it worked out for you . Personally, I prefer these bars to be closer to the 21ema
skype: ststroud. let's talk trading.
  • #4,562
  • Mar 23, 2012 9:55am Mar 23, 2012 9:55am
very large pin bar on USDCAD gave a quick 20 pip gain
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  • #4,563
  • Mar 23, 2012 10:03am Mar 23, 2012 10:03am
A nice result from this pin bar on the AUD/USD

It was counter trend (I suppose- trend quite flat?) but there was also divergence between price and RSI
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  • #4,564
  • Mar 23, 2012 10:21am Mar 23, 2012 10:21am
Here is a little recommendation for the weekends

http://www.forexfactory.com/showthread.php?t=70742

Iīve been using this tool for quite a while now and I have to say itīs pure gold

This canīt replace live trading but itīs as close as it gets and it can really speed up your learning curve.

Have Fun
  • #4,565
  • Mar 23, 2012 10:23am Mar 23, 2012 10:23am
Quoting stockEX
Here is a little recommendation for the weekends

http://www.forexfactory.com/showthread.php?t=70742

Iīve been using this tool for quite a while now and I have to say itīs pure gold

This canīt replace live trading but itīs as close as it gets and it can really speed up your learning curve.

Have Fun
Thanks for the link. I currently use forextester and can thoroughly recommend it
  • #4,566
  • Mar 23, 2012 10:33am Mar 23, 2012 10:33am
Quoting bluemosaic
very large pin bar on USDCAD gave a quick 20 pip gain
Careful with these... We want to trade away from the moving averages instead of into them..

Also, there was a lot of chop in the usd/xxx and xxx/usd pairs around that time; they were affected by the new home sales news release.
skype: ststroud. let's talk trading.
  • #4,567
  • Mar 23, 2012 10:48am Mar 23, 2012 10:48am
These are the kind of CT trades we want! Notice the very strong divergence, and the pin bar is near the edge of the BB, closed bullish, and and rejects 82.00 nicely. Price moved straight to my TP near 82.35, an area of prior support

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skype: ststroud. let's talk trading.
  • #4,568
  • Mar 23, 2012 11:53am Mar 23, 2012 11:53am
Quoting tyler812
Careful with these... We want to trade away from the moving averages instead of into them..

Also, there was a lot of chop in the usd/xxx and xxx/usd pairs around that time; they were affected by the new home sales news release.
Thanks - that is good advice. I must admit they were a bit risky but too tempting - a trait I must learn to control if I am to be successful at this game....
  • #4,569
  • Mar 23, 2012 7:43pm Mar 23, 2012 7:43pm
Again, no trades for me today
  • #4,570
  • Mar 24, 2012 1:16am Mar 24, 2012 1:16am
Quoting biDc
Again, no trades for me today
There were some good trades out there in the morning UK time but nothing in afternoon - Friday afternoon UK time is good time to avoid
  • #4,571
  • Mar 24, 2012 5:17am Mar 24, 2012 5:17am
Didn't get this...market was in a strong trend up...was hesitant to counter-trend. There's always another opportunity. Happy trades
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  • #4,572
  • Mar 26, 2012 5:15am Mar 26, 2012 5:15am
This thread seems quiet now.
Where has everyone gone?
  • #4,573
  • Mar 26, 2012 10:42am Mar 26, 2012 10:42am
Quoting bluemosaic
This thread seems quiet now.
Where has everyone gone?
might have something to do with the lack of opportunity recently.

just waiting
  • #4,574
  • Mar 26, 2012 11:59am Mar 26, 2012 11:59am
Quoting biDc
might have something to do with the lack of opportunity recently.

just waiting
Fair enough :-)
  • #4,575
  • Mar 26, 2012 12:09pm Mar 26, 2012 12:09pm
There was a good 5-7 pip opportunity earlier in euro for 1:1. Small trade not sure if anyone took it
  • #4,576
  • Mar 27, 2012 3:00pm Mar 27, 2012 3:00pm
Iīm currently backtesting the EURUSD H1 Chart with Trade Simulator....manually.
This will take me a while, so donīt expect much of a contribution from me the next couple of days.
I will post the results when Iīm done.

Good trading
  • #4,577
  • Mar 27, 2012 3:17pm Mar 27, 2012 3:17pm
Market's been pretty choppy so far this week...I've been stopped out a couple of times. Not very many good PA setups that I've seen
skype: ststroud. let's talk trading.
  • #4,578
  • Mar 28, 2012 1:40am Mar 28, 2012 1:40am
Most pairs have not been trending. Hence finding good set ups has been dificult. Reversal trading has been better in these markets I find.
  • #4,579
  • Mar 28, 2012 9:57am Mar 28, 2012 9:57am
Traded this bearish PA trade right off the middle BB and 21 ema. This was a 2 bar PB, almost a DBHLC. Closed at previous bar lows for 1:1 R:R. +16 pips.

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skype: ststroud. let's talk trading.
  • #4,580
  • Mar 28, 2012 10:34am Mar 28, 2012 10:34am
Here's a great setup on eur/jpy. I was watching this area but honestly I missed this one because I wasn't paying attention lol. TP would have been those bar lows where price is stalling now, although I would have watched when price hit those bar lows in the rectangle and closed if price stalled there. Nice PA with the trend (of course) right off the 21 ema and middle BB.

Attached Image (click to enlarge)
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skype: ststroud. let's talk trading.
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