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James16+Rayanmcd(Jan kone) and ME 7 replies

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Jankone M5 thread

  • #4,821
  • Jul 31, 2013 8:03pm Jul 31, 2013 8:03pm
nice EJ winner just now
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r u ready?
  • #4,822
  • Aug 1, 2013 7:19am Aug 1, 2013 7:19am
EU M15
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  • #4,823
  • Aug 1, 2013 2:16pm Aug 1, 2013 2:16pm
Quoting rtrs111
Another loss today (EU, M5), didn't enter at #1 because of opposite PBs and too short retracement, instead I got in at #2. {image}
Shouldn't have been a loss. It went right to its FTA, if you let it come back at you its your fault.
  • #4,824
  • Aug 1, 2013 6:34pm Aug 1, 2013 6:34pm
The thing is, I've been testing rigid rules so far, TP 15 (or other fixed numbers before) or SL, no discretionary exits, PA...
I will prob. change this next week to 2/3 at 1-1 RR, then watch PA or trail it.
Thanks for the feedback!
r u ready?
  • #4,825
  • Aug 5, 2013 11:49am Aug 5, 2013 11:49am
EJ M15
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  • #4,826
  • Aug 5, 2013 12:01pm Aug 5, 2013 12:01pm
Quoting chazzle
EJ M15 {image}
update
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  • #4,827
  • Aug 5, 2013 12:06pm Aug 5, 2013 12:06pm
Quoting chazzle
{quote} update {image}
nice win!
  • #4,828
  • Aug 5, 2013 12:11pm Aug 5, 2013 12:11pm
Quoting david1234
{quote} nice win!
thanks David, didn't get all of it - but still, profit is profit
  • #4,829
  • Aug 9, 2013 1:40pm Aug 9, 2013 1:40pm
Hi guys, must admit that i still see these trades
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  • #4,830
  • Aug 13, 2013 3:43pm Aug 13, 2013 3:43pm
Quoting stockEX
Yeah, this is what its all about. Most people only look for win-loss ratios like it was the only aspect of trading.Its wierd, everybody here risks 2% per trade, some even risk less like 1% or 0,5%.But when the losers come they panic.That just makes no sense, if I would know that I win 8 out of 10 trades then why the hell limit my profits like that, you could risk 10% or more. If you have trouble trading then the best advice I can give is ,turn of your computer ,take a day off and use that day to think about what you really need to make profits.Do...

Absolutely
I´m working on this:
Enter on basics:dvergence against trend, good position in trend reversal, etc.
I put my stop on 50% retracemnt of the PB itself! Lookback at charts, they don´t get hit so often, so why put te stop all the way below?)
TP on 2 R, which is easy to attain...cause your original distance is very short.
BE only when close to TP.
40% winners makes a solid edge.and is realistic.
(BE´s don´t count in my stats.)
Gives a 0,30 R expectancy.
If consistent , makes a fortune, provided you compound weekly, on a 10 trades/week average.
15 minutes to 4 h.
5 minutes gives more trades but spread costs grow exponentially....even on EURUSD.
I like it simple...
Future will tell...
  • #4,831
  • Aug 16, 2013 2:55am Aug 16, 2013 2:55am
Hi all, I am quite a new on this thread, but I am already testing Jankone´s strategy for some time.

I just did this trade on eur/jpy and took loss, can please comebody tell me, if I did some mistake? Did I draw the divergence right?


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  • #4,832
  • Aug 17, 2013 9:04pm Aug 17, 2013 9:04pm
No you did not, and this is really just mash. I don't see why anyone would take such a trade.Its not like theres a shortage of proper setups, although the last couple of weeks where indeed a little slow.
Still this is nothing. Wait for real setups , don't force trades with stuff like this.
  • #4,833
  • Aug 19, 2013 5:23am Aug 19, 2013 5:23am
Quoting stockEX
No you did not, and this is really just mash. I don't see why anyone would take such a trade.Its not like theres a shortage of proper setups, although the last couple of weeks where indeed a little slow. Still this is nothing. Wait for real setups , don't force trades with stuff like this.
Thank you for your response, I appreciate any kind of feedback I was little bit distracted and took that trade without much thinking.
Next trade...I think that it looks nice, I dont see any mistakes, and you? It is CT so I put only 1:1 RRR.

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  • #4,834
  • Aug 19, 2013 7:33am Aug 19, 2013 7:33am
This looks much better.
I personaly like to trade bigger swings so I would't have taken that one but thats just me.Just as a note for you you still draw divergence wrong.You don't use the wicks of candles, the RSI(like most indicators) uses closing prices to calculate its graph so you have to stick to the real bodies of candles in your charts as well when drawing div.
  • #4,835
  • Aug 19, 2013 7:41am Aug 19, 2013 7:41am
tight SL
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  • #4,836
  • Aug 19, 2013 7:48am Aug 19, 2013 7:48am
Quoting stockEX
This looks much better. I personaly like to trade bigger swings so I would't have taken that one but thats just me.Just as a note for you you still draw divergence wrong.You don't use the wicks of candles, the RSI(like most indicators) uses closing prices to calculate its graph so you have to stick to the real bodies of candles in your charts as well when drawing div.
Everybody trades little bit differently I am trying the combination of Jankone´s and Ryanmcd´s method with S/R, pivot and fibo lvls.

Btw I am sorry that I using you so much, but new eyes are always beneficial. Can you please just check my next trade? I think that I drew the divergence right now, it was trend-direction pinbar on mid-BB + EMA21, but the market went against me.

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  • #4,837
  • Aug 19, 2013 8:37am Aug 19, 2013 8:37am
Well this isn't really a good pinbar on my chart.The body is much too big.But appart from that this trade just found resistance at a major M30 swing high, look at my second chart. This is why I think FTA's and getting your stop to BE is so important.
It went in your direction for a while , found resistance and turned around wich is not surprising with such a weak pin.

EDIT: as you can see we had a seceond touch to that same resistance shortly after and price got rejected again. That just proves the strenght of this level.
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  • #4,838
  • Aug 19, 2013 8:45am Aug 19, 2013 8:45am
Quoting openyoureyes
tight SL {image}
looking good
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  • #4,839
  • Aug 19, 2013 10:03am Aug 19, 2013 10:03am
Quoting quejcik
{quote} Everybody trades little bit differently I am trying the combination of Jankone´s and Ryanmcd´s method with S/R, pivot and fibo lvls. Btw I am sorry that I using you so much, but new eyes are always beneficial. Can you please just check my next trade? I think that I drew the divergence right now, it was trend-direction pinbar on mid-BB + EMA21, but the market went against me. {image}
Poor location and straight into overhead resistance. Doomed from the start I'm afraid
every Saint has a past. Every Sinner has a Future
  • #4,840
  • Aug 19, 2013 10:12am Aug 19, 2013 10:12am
Quoting stockEX
Well this isn't really a good pinbar on my chart.The body is much too big.But appart from that this trade just found resistance at a major M30 swing high, look at my second chart. This is why I think FTA's and getting your stop to BE is so important. It went in your direction for a while , found resistance and turned around wich is not surprising with such a weak pin. EDIT: as you can see we had a seceond touch to that same resistance shortly after and price got rejected again. That just proves the strenght of this level.
I see your point. I drew this resistance incorrectly...I thought that it was already broken and my pinbar sit on new support
But thanks for your points, I will be more carefuly about drawing this lvls...few pips make a difference
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