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James16+Rayanmcd(Jan kone) and ME 7 replies

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Jankone M5 thread

  • #4,881
  • Edited 8:25pm Sep 28, 2013 8:10pm | Edited 8:25pm
A good PB setup

5 Min Gold Chart
BB middle Flat
A+++ PB + Protruding PB + Size higher than Surrounding Candles
Reward = 0.5*1R + 0.5*4R = 2.5R
Attached Image (click to enlarge)
Click to Enlarge Name: Misc_Gold_5_Min_1.png Size: 22 KB
  • #4,882
  • Sep 28, 2013 8:28pm Sep 28, 2013 8:28pm
PB Reversal Setup
5 Min Gold Chart
A+++ PB + Size higher than Surrounding Candles
Nice Divergence
Reward = 0.5*1R + 0.5*4R = 2.5R
Attached Image (click to enlarge)
Click to Enlarge Name: Misc_Gold_5_Min_2.png Size: 28 KB
  • #4,883
  • Sep 29, 2013 6:54am Sep 29, 2013 6:54am
In Forex, anything can happen .. even perfect setups can fail.

Counter-Trend Failure
5 Min EURUSD
A+++ PB .. Opening and closing of PB is within body of previous Bar
Divergence is perfect
Attached Image (click to enlarge)
Click to Enlarge Name: Misc_EURUSD_5_Min_1.png Size: 26 KB
  • #4,884
  • Sep 29, 2013 11:59am Sep 29, 2013 11:59am
Why CT? Best setup with this method is: pullback to EMA21 +pin bar+ trend. That's it. Simple and effective.
  • #4,885
  • Sep 29, 2013 12:02pm Sep 29, 2013 12:02pm
And why emas+BB? middle BB =ema 21. Keep it simple
  • #4,886
  • Sep 29, 2013 7:17pm Sep 29, 2013 7:17pm
Hi Lukaszmiami,

Wondering if you take CT? To me CT setup looked perfect.. Is something missing ?

Another good 5 Min with the Trend, great setup popped up today.. missed it as I was sleeping
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD_5_Min_30_SEP_1.png Size: 27 KB
  • #4,887
  • Sep 29, 2013 8:46pm Sep 29, 2013 8:46pm
Hello, What kind of candles are u using? normal? HA?
  • #4,888
  • Sep 30, 2013 6:41am Sep 30, 2013 6:41am
Not sure if there are different type of candles.. I just use the one that is there on MT4 trading platform

Another good setup in USDJPY
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY_5_Min_30_SEP_1.png Size: 32 KB
  • #4,889
  • Sep 30, 2013 8:50am Sep 30, 2013 8:50am
Hello all! Today trade u/j m15 have loss 10 pip
Attached Image (click to enlarge)
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  • #4,890
  • Sep 30, 2013 9:37am Sep 30, 2013 9:37am
A good setup popped up in Gold..
Attached Image (click to enlarge)
Click to Enlarge Name: Gold_15_Min_30_SEP_1.png Size: 23 KB
  • #4,891
  • Sep 30, 2013 10:10am Sep 30, 2013 10:10am
CT fail) CT trade more harder than trend) Only With trend trade yet.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy-m5-alpari-limited-2.png Size: 52 KB
  • #4,892
  • Oct 1, 2013 1:58am Oct 1, 2013 1:58am
Today u/j nice pin with trend , BB+shake out
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  • #4,893
  • Oct 1, 2013 2:00am Oct 1, 2013 2:00am
Quoting agregor
Today u/j nice pin with trend , BB+shake out {image}

nice one, i missed this
  • #4,894
  • Oct 1, 2013 2:33am Oct 1, 2013 2:33am
GU M15

cable counter ...
Attached Image (click to enlarge)
Click to Enlarge Name: gum15.PNG Size: 32 KB
  • #4,895
  • Oct 1, 2013 2:33am Oct 1, 2013 2:33am
In BackTesting for a few historic trades, observed that normally 4R is a good profit target..

But I prefer to lock in Half Position profit at 1R and then allow other half to flow freely
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY_5_Min_1_OCT_1.png Size: 22 KB
  • #4,896
  • Oct 1, 2013 2:41am Oct 1, 2013 2:41am
Quoting chazzle
GU M15 cable counter ...
done ...
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Click to Enlarge Name: gum15.PNG Size: 31 KB
  • #4,897
  • Oct 1, 2013 2:45am Oct 1, 2013 2:45am
Chazzle.. Nice Counter-trend.. Interesting thing to note is that BB Upper boundary was Flattening when PB formed
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD_15_Min_1_OCT_1.png Size: 13 KB
  • #4,898
  • Oct 1, 2013 2:49am Oct 1, 2013 2:49am
Quoting JPraveen
Chazzle.. Nice Counter-trend..{image}
thanks - here's a tip - your RSI is probably set to closing price - so when drawing divergence lines on the price chart - place them also where the closing prices are, and not the highs/lows of the candles - you will get a more accurate view of divergence that way
  • #4,899
  • Oct 1, 2013 3:36am Oct 1, 2013 3:36am
Quoting JPraveen
Chazzle.. Nice Counter-trend.. Interesting thing to note is that BB Upper boundary was Flattening when PB formed {image}
JPraveen, what BB setting are you using?
  • #4,900
  • Oct 1, 2013 3:37am Oct 1, 2013 3:37am
Quoting chazzle
{quote} done ... {image}
It's good, but CT danger to trade, more easy make PB with BB and MA21 with trend)
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