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James16+Rayanmcd(Jan kone) and ME 7 replies

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Jankone M5 thread

  • #4,841
  • Aug 19, 2013 10:14am Aug 19, 2013 10:14am
Quoting turnip15
{quote} Poor location and straight into overhead resistance. Doomed from the start I'm afraid
I know now, that I screw it with that resistence...but the location is bad too? I saw this pinbar on mid-BB and I though that it could be a nice trend-continue location...
  • #4,842
  • Aug 20, 2013 1:26am Aug 20, 2013 1:26am
CT trade with div, what do you thing?

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  • #4,843
  • Aug 20, 2013 9:03am Aug 20, 2013 9:03am
Nice for a quick few pips to that swing low you are taking your div from, let us know how it worked out.
Economists have forecast 9 out of the last 5 recessions
  • #4,844
  • Aug 20, 2013 9:18am Aug 20, 2013 9:18am
Quoting markmm
Nice for a quick few pips to that swing low you are taking your div from, let us know how it worked out.
Unfortunately it was loss, it went against me just after this screenshot.
  • #4,845
  • Aug 20, 2013 10:08am Aug 20, 2013 10:08am
Quoting quejcik
{quote} Unfortunately it was loss, it went against me just after this screenshot.
You are counter trend trading ....your divergence is wrongly drawn (there is NO divergence) -you are fighting a strong DOWN trend....AND...you are trading straight into overhead resistance.
every Saint has a past. Every Sinner has a Future
  • #4,846
  • Aug 20, 2013 12:21pm Aug 20, 2013 12:21pm
Quoting turnip15
{quote} You are counter trend trading ....your divergence is wrongly drawn (there is NO divergence) -you are fighting a strong DOWN trend....AND...you are trading straight into overhead resistance.
Can you please draw the divergence on this trade for me? I would appreciate it I really have no idea, what I drew wrongly...I though that I should connect previous low with new lower low...
  • #4,847
  • Aug 21, 2013 3:29am Aug 21, 2013 3:29am
UJ M15

notice pin mid as support

9780 is the target
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  • #4,848
  • Aug 21, 2013 3:53am Aug 21, 2013 3:53am
Quoting chazzle
UJ M15 notice pin mid as support 9780 is the target
I saw that pinbar too, but I didnt trade it because of long-term trendline...it is only few pips above this pin...but this is only my opinion
  • #4,849
  • Aug 21, 2013 5:34pm Aug 21, 2013 5:34pm
Quoting chazzle
UJ M15 notice pin mid as support 9780 is the target {image}
took very long - closed around here prior to US news (15hBST)
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  • #4,850
  • Aug 22, 2013 12:53am Aug 22, 2013 12:53am
Please Can I ask, if this can be consider like a tradable divergence? Unfortunately I still have a problem with drawing the divergences :-( I just need little bit more practice in this...

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  • #4,851
  • Aug 22, 2013 2:08am Aug 22, 2013 2:08am
Quoting quejcik
Please Can I ask, if this can be consider like a tradable divergence? Unfortunately I still have a problem with drawing the divergences :-( I just need little bit more practice in this... {image}
Draw it to the previous swing high/low (i.e. the previous bull pin), don't keep going back till you find it.
Economists have forecast 9 out of the last 5 recessions
  • #4,852
  • Aug 30, 2013 5:24am Aug 30, 2013 5:24am
This is one type of CT trades that I usually take:

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This is M1 but the pattern is the same and works in any TF. First leg of the "V" has to be the HH at that moment, RSI also very overbought, then a "V" shape, not "U", pretty clean inside (check how the tops of the candles are aligned), an avg of 10 candles inside, then comes the PB, another HH, more than half of the wick is clear, strong div. I enter at the candle close for these.
All this comes after a minimum number of pips rally (about 25-30 pips in M5), as a plus in this case was also at a H1 supply area and top of a range zone in HTFs. Opposite for longs. Stay away if they are too tilted and part of a narrow channel that rides the BB rail (lowest point of the "V" touches the interior TL of the channel).
I don't take any more 1 leg CT trades, only double bottoms/tops.
r u ready?
  • #4,853
  • Sep 19, 2013 10:21am Sep 19, 2013 10:21am
usd/jpy CT with diver/pin m15 it's ok?
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  • #4,854
  • Sep 19, 2013 5:40pm Sep 19, 2013 5:40pm
Quoting agregor
usd/jpy CT with diver/pin m15 it's ok? {image}

I would've traded long the bottom PB instead. Exit is up to you: fixed TP, RR based, PA based (supply zone above), use BE, trail those cups that price makes, discretionary... Check the charts couple of years back for different TFs and the 4 pairs traded here and test what works for you, so you are going to trust it when you start demo.
For example, take the pattern that you asked about and the one I suggested and test them each on a 1 yr data, with a 1-2 RR. Then try to find others, similar. At the end, pick the top 4-5 and start demo trading them for few months.
r u ready?
  • #4,855
  • Edited 3:11am Sep 20, 2013 2:22am | Edited 3:11am
Quoting Jankone
nothing is 100%.but still open. {image}


I read all thread, and i see here Bolindger Bands, but setting this anyone know or default setting use here?

Best Regards.
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  • #4,856
  • Sep 20, 2013 3:33am Sep 20, 2013 3:33am
BB 18/2
  • #4,857
  • Sep 20, 2013 4:30am Sep 20, 2013 4:30am
Quoting Lukaszmiami
BB 18/2
Thank you )

Today eur/usd no trade bad diver/middle pin.
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  • #4,858
  • Sep 20, 2013 4:48am Sep 20, 2013 4:48am
Quoting agregor
usd/jpy CT with diver/pin m15 it's ok? {image}
Why do you persist in counter trend trading when the easier trades are with the trend ?
every Saint has a past. Every Sinner has a Future
  • #4,859
  • Sep 20, 2013 5:12am Sep 20, 2013 5:12am
Because all traders just want to trade. Does not matter if it is good or bad setup, if u want to trade u will find a reason to trade Been there, done that, next stop is empty acc
  • #4,860
  • Sep 20, 2013 5:26am Sep 20, 2013 5:26am
Quoting Lukaszmiami
Because all traders just want to trade. Does not matter if it is good or bad setup, if u want to trade u will find a reason to trade Been there, done that, next stop is empty acc
Yes you are right
It is still amazing to watch these people making dangerous trades despite all the warnings from the likes of Ryanmcd etc (like he says: he is probably sitting on the other sides of these silly trades collecting their money - his signature does say:"Keep taking CT trades, I need more money "
every Saint has a past. Every Sinner has a Future
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