Jankone M5 thread

Yea, I think I am going to buy a new car with this 15 pips, hahaha.

Enjoy the gym sesión

Time will come Imagine those 10-15 pips with 10 or more lots.

10 pips with 10 lots is 1 000$, it's not a new car but its lots of people monthly salary.

And how much money do we need to play with 10 lots? I would say +50k account.

Is that rally that much?

Ofcourse i dont have that much money but right now i see that it is possible to build this kind of account.

Right now im safely trading 0,3 lots and acc is growing +/- 10-14% per week. Not always but i finally end months in profit.

Im not setting for BIIIIGGGG wins, but steady growth. And i think that it is the patch to succes. I tried hunting for 100+ moves, but my psyche does not fit this kind of trading. Small & steady, that is the way to go for me.

I took this one with a loss in AUDUSD 5 min chart: -10 pips

You cannot expect always to win.

The buy stop in the last one was activated for less tan a 1 pip, and I have realised that this is very common. Setups activated for less than a pip and the go againts you.

I am thinking to put my buy/sell stop order one pip high/low than the close price of the entry bar.

Oh sorry, not one pip higher/lower than the close price of the entry bar, but the high/low of the entry bar

What is so sexy about CT? I don't get it.
This pin looks good but why do you try to stop the train?
Just take a look at this one at 13:35. It is trend trade, after pullback, nice setup.

Of course trade with the trend is always better, but I am using Jankone methodology and he trades trend/countertrend setups. CT always with divergence in RSI

But the bar you say (13:35), for me is very far from 20/21 EMA and very close to the low of the day to be tradeable. 6 pips higher (the bar) and I would had sold it.

Anyway, you are right. I feel more comfortable when I trade with the trend.

That is why i quited using any EMAs and other voodoo dolls. Looking at indicators is like looking at the painting through sunglasses You just don't see how market looks like, indicator suggest you something. Sometimes it is right suggestion, but sometimes it is wrong. And ofcourse every trader do what works best for him/her.


I done 0 trades today to be honest, E/U is moving sideways, i just don''t see good setups. I saw few pins but too small for me. Anyway, today is G8 meeting so market is waiting for some news.

I better stay away for a while.

This one looks like Megan Fox, sexy as hell

But it is G/U so i can just look, but not touch.

Yu see guys, you dont need indicators to recognise good setups. If you don't see setup without indicator it is propably bad setup.

Good morning,

I took this setup in GBPUSD 5 min chart. Pinbar with short term trend + divergence in RSI: +14 pips.

I know this setup doesn´t match all the Jankone criterias to be a A+ setup (the bar is a far from the medium point of bollinger bands and above the 21 EMA), but the divergence and to be a trade with the trend was enough for me.

Shorted U/J....

I broke my own rules, propably i will lose just because of this fact. Karma is karma baby

SL 8 TP 20 and a lot of prays

One setup with the trend GBP/USD.

Maybe not a A+ setup according to Jankone´s method, but anyway a pinbar with the trend.

This is the second and last setup I saw today: EUR/USD (5 min chart) countertrend + divergence

Awsome thread. Simple rules but very effective. Glad I found this, m still reading and learning this strategy. Thanks Jankone for sharing.

Yesterday I got 3 consecutive losses (M5, E/G) with this pattern, that keeps showing quite often:


Do you guys have any idea how to avoid these kind of failed bull flags?

Omg, stop playing this way, you gonna screw your acc.

Small, bad pins in bad places, look how Jankone or Ryanmcd do this. And play only E/U or U/J or G/U.

Hi Lukasz,
I've been trading this (demo) on EU, UJ, UCAD and EG for the past 6 months. First two PBs shapes look OK to me, but backtesting this strategy, even the third one could be profitable. Do you mean we should only take PBs with very long tails, totally stuck out?...
I got that, but they will be just few trades/week then. Plus, in some examples even from Ryan, there are sometimes less than perfect or not stuck out PBs. Also, first PB looks like it's in the best place to me, why did you say was bad place? I got into that one just because of the Oanda dynamic spread... but many times price just goes up few pips and then comes back to take you out.
Thanks!

Ok, if i play with pins i wait for pullback, and i think that pullback with trend is the most natural way that market moves.

So according to your PINS:

a) in my opinion they are not at the top/ bottom of any pullback. Price is in consolidation and slightly moves down,
b) price starts to make Lower Highs and lower lows, not good sign for BUY
c) personaly i dont use any EMAS and other indicators, your chart is a good example of how indicators gives us bad signs, you see that price is moving down for 2 hours , but EMAS still show UP trend.

I agree Luka - he is going to seriously damage his account if he carries on this way. He should stick to the Jankone and Ryan approach.

I see no divergence - perhaps thats what sunk your against the trend trade.
Having said that Ryan etc state that not all "A" Plus trades win :-)