Jankone M5 thread

Quick CT trade on gbp/usd. Large bullish pin bar at BB extreme and previous resistance, with RSI divergence. Notice how price is trading inside a box straddling 1.6. I conservatively took profit at a prior support/resistance area marked by the rectangle in the second chart.

traded this bullish outside bar with the trend and off the 21ema, middle BB, and resistance area. Closed at those bar highs @ 1.0417


Traded this bearish pin bar, again off of the 21ema and middle BB. TP was at that bar high @ 109.12, and SL was at the end high of the pb. SL hit.

AUD trade I'm in

looks like I came to the party 3 years too late

... nice little CT just had on cable

yes...the thread is slow..but the method is going strong. Man did I get out of this too early. Oh well Happy Trades !

The important thing is not that you catch the entire move, but that you enter a trade with a solid exit strategy and stick to it. If you're just going to hold and hope, you might as well go to Vegas

And yeah, this thread is slow Where did everyone go?

when I found this thread ( by way of James16 ) it had already quieted down....maybe with a few posts here and there it my be resurrected.

I passed on this one because of the 'riding the rail' situation that Ryanmcd spoke about. It worked out nonetheless..but..rules are rules. No Vegas trading for me...lol

" Anything can happen".... but ....a 1-2-3 formation with divergence is a good signal. The #3 is a 2 bar pin bar. I sure didn't like the heat for a few bars...so when it finally went positive I grabbed 10 pips and bailed.

This little pb caught my eye. With the trend and right off of the middle BB and 21 ema. BUT...notice those extended wicks in the box. This tells me price met strong resistance and couldn't continue further, at least not for this push down. That's enough for me to pass and look for the next opportunity.



Here's the previous low that's acting as support

I hear ya about the solid support back on 3/6. But the way I'm seeing it, the bears are in control. Even though there's divergence and a strong support level. I'd need to see a monster pin bar to turn this around. Like you I'm neutral...pass. Best of trades

I took this trade. Pin bar with divergence off of yesterday's high. But did not get the follow through I like to see. Pin bars represent price rejection and should have immediate change in direction. I exited with 3 pips. 2 bars after the pin we got a pin in the opposite direction..to me that's a guarantee exit signal.

Here in a nice pin on the eurjpy 5 min this morning.

I trade the Pinocchio with Stochastic (5,3,3) and S&R indicator. All pairs but best on 1H TF. SL 30 pips on nearest swings. TP S&R or Fib levels. Ther is an indicator specially, for Pinocchio (hammer). You have to be sure that the Hammer doesn't show up in the middle of the trend!
Cheers Hermes

yes...the hourlies are very powerful...

DBLHC ( double bar low high close ) with divergence

Hi everyone,

I use the Pinbar indicator that introduced in this thread but it does not alert on many nice pin especially the ones that bounce off the 21ema. Could someone help what can I do to fix this?

Thank you.

This is example of pin that was not alerted.

I can see really many nice trades here, good luck, have nice holidays , made by ur trading profits
http://www.lifemastering.com/images/success.jpg