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James16+Rayanmcd(Jan kone) and ME 7 replies

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Jankone M5 thread

  • #5,041
  • Oct 9, 2013 12:22am Oct 9, 2013 12:22am
Quoting JPraveen
Bingo... 1st Trade of the Day.. Looking for 4R {image}
Nice trade here.
  • #5,042
  • Oct 9, 2013 12:23am Oct 9, 2013 12:23am
Quoting andyhardwick
May I ask where the 4R number came from?
4r = 4 reward. Its Profit/loss ratio. If sl 5 pip 4r = 4*5 =20 pip, etc...
  • #5,043
  • Oct 9, 2013 12:32am Oct 9, 2013 12:32am
e/j m15 PB with rules. I sleeping in this moment, example for trade with trand. w8 1:5 win ration here.
Attached Image (click to enlarge)
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  • #5,044
  • Oct 9, 2013 1:25am Oct 9, 2013 1:25am
Was Away from desk... Noticed good setups formations in EUR/USD and GBP/USD in 15 Min Chart
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: EURUSD_15_Min_9_OCT_1.png Size: 31 KB
  • #5,045
  • Oct 9, 2013 1:40am Oct 9, 2013 1:40am
Quoting JPraveen
Was Away from desk... Noticed good setups formations in EUR/USD and GBP/USD in 15 Min Chart {image} {image}
I see e/u signal but being flat = no trade this, think it's very danger.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-m15-alpari-limited.png Size: 81 KB
  • #5,046
  • Oct 9, 2013 1:46am Oct 9, 2013 1:46am
Quoting agregor
{quote} I see e/u signal but being flat = no trade this, think it's very danger. {image}
Slowly once we start to have more hits like 3R and 4R, eventually the fear to take trade will vanish...

I remember what Ryanmcd said "50% of the time I am wrong in taking trades but the R:R ratio is what matters at the end".
In his trades, it can be seen that he was consistently able to get 4R ...
  • #5,047
  • Oct 9, 2013 1:50am Oct 9, 2013 1:50am
Quoting JPraveen
{quote} Slowly once we start to have more hits like 3R and 4R, eventually the fear to take trade will vanish... I remember what Ryanmcd said "50% of the time I am wrong in taking trades but the R:R ratio is what matters at the end". In his trades, it can be seen that he was consistently able to get 4R ...
It.s true, but need trade only A+++ setup. from flat this setup on e/u m15 not be A+++ really) I have risk reward 1:8-10 sometimes, but trade small setup, have day, here from 4 pair not signals ) We need to take only positions A+++ and rr 1:4 and more ( sucess rate 50% or more too)
  • #5,048
  • Edited 2:27am Oct 9, 2013 2:02am | Edited 2:27am
I use simple rules, may be anyone give it for you

1) 10 pip = 1 % on real.
2) Trade only A+++ signals ( trend+ MA+BB + nice PB or harami). NO TRADE PB FROM FLAT IF RR LESS THAN 1:4. ( I mean what flat need trade from low to high. If you have PB in flat with sl 5 pip and all range flat = 10 pip , you not have potencial 1:4 rr = no trade. If range flat 30 pip and sl from pb on low = 5 pip,you have potential 1:6 rr = can trade this.)
3) I trade e/u, e/j, u/j and a/u. 4 pair total.
4) Use targets for pair
eur/usd = 20 pip m5/m15
eur/jpy = 40 pip m5/m15
usd/jpy = 30-40 pip m5/m15
aud/usd = 30 pip m5/m15
5) Best trade - retest ma/middle bb with Nice pin ( can use div too) . ONLY WITH TREND, IT's GREAT RULES!

Example from Jankone chart - it's ideal posotion, have 95% sucess rate here.


6) It's MAIN RULE, remember it. "Patience, perhaps one of important qualities of the person"( c ) John Rockefeller.
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  • #5,049
  • Oct 9, 2013 2:09am Oct 9, 2013 2:09am
Quoting agregor
I use simple rules, may be anyone give it for you 1) 10 pip = 1 % on real. 2) Trade only A+++ signals ( trend+ MA+BB + nice PB or harami). NO TRADE PB FROM FLAT IF RR LESS THAN 1:4. 3) I trade e/u, e/j, u/j and a/u. 4 pair total. 4) Use targets for pair eur/usd = 20 pip m5/m15 eur/jpy = 40 pip m5/m15 usd/jpy = 30-40 pip m5/m15 aud/usd = 30 pip m5/m15 5) Best trade - retest ma/middle bb with Nice pin ( can use div too) . ONLY WITH TREND, IT's GREAT RULES! Example from Jankone chart - it's ideal posotion, have 95% sucess rate here. {image}

What do you mean by "NO TRADE PB FROM FLAT IF RR LESS THAN 1:4"
  • #5,050
  • Oct 9, 2013 2:18am Oct 9, 2013 2:18am
Thought points...

Jankone trades are all purely on PB but Ryanmcd trades include PB + Engulfing Bar + Spikes or whatever the setup that gives a clue on flowing with the trend as what he mentions in his document

"I like to see a move that shows me it is going to stick with the trend, if it is a PB, or a engulfing bar or a spike, just something. If I don't get it I may take it but I like to have something else on my side with the trend. "

Interesting observation from Ryanmcd related to PB and countertrend..

"PB's for me seem to work best when the market is NOT trending and going sideways and it is at a BB extreme." . Same is the observation that I have.. never counter-trend ... The flow takes you with it..
  • #5,051
  • Oct 9, 2013 2:18am Oct 9, 2013 2:18am
Quoting JPraveen
{quote} What do you mean by "NO TRADE PB FROM FLAT IF RR LESS THAN 1:4"
I mean what flat need trade from low to high. If you have PB in flat with sl 5 pip and all range flat = 10 pip , you not have potencial 1:4 rr = no trade. If range flat 30 pip and sl from pb on low = 5 pip,you have potential 1:6 rr = can trade this.
  • #5,052
  • Oct 9, 2013 2:20am Oct 9, 2013 2:20am
Quoting JPraveen
Thought points... Jankone trades are all purely on PB but Ryanmcd trades include PB + Engulfing Bar + Spikes or whatever the setup that gives a clue on flowing with the trend as what he mentions in his document "I like to see a move that shows me it is going to stick with the trend, if it is a PB, or a engulfing bar or a spike, just something. If I don't get it I may take it but I like to have something else on my side with the trend. " Interesting observation from Ryanmcd related to PB and countertrend.. "PB's for me seem to work best when...
YEa, no CT. Trend only and be happy
  • #5,053
  • Oct 9, 2013 2:21am Oct 9, 2013 2:21am
A nice setup in GBP/USD
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD_5_Min_9_OCT_1.png Size: 24 KB
  • #5,054
  • Oct 9, 2013 2:22am Oct 9, 2013 2:22am
Quoting agregor
{quote} I mean what flat need trade from low to high. If you have PB in flat with sl 5 pip and all range flat = 10 pip , you not have potencial 1:4 rr = no trade. If range flat 30 pip and sl from pb on low = 5 pip,you have potential 1:6 rr = can trade this.
got it
  • #5,055
  • Oct 9, 2013 2:26am Oct 9, 2013 2:26am
Quoting JPraveen
A nice setup in GBP/USD {image}
Yea, it's nice really) Love trade this setup)
  • #5,056
  • Edited 2:50am Oct 9, 2013 2:35am | Edited 2:50am
Perhaps We need to adjust our expectations R:R depending on the Slope of the trend..

Today observed interesting thing in AUS/USD 5 MIN.. Experts please share your thoughts on this..

when steep slope 45-60 degree ... can look for 1:4 or 1:3
when mild slope 20-30 degree .. can look for 1:2 or 1:1.5
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD_5_Min_9_OCT_1.png Size: 52 KB
  • #5,057
  • Oct 9, 2013 2:47am Oct 9, 2013 2:47am
Quoting JPraveen
Perhaps We need to adjust our expectations R:R depending on the Slope of the trend.. Today observed interesting thing in AUS/USD 5 MIN.. Experts please share your thoughts on this.. when steep slope 45-60 degree ... can look for 1:4 or 1:3 when mild slope 20-30 degree .. can look for 1:2 or 1.5 {image}
It's absolutley true. Ih have 30% i have +1 pip often, if 45-60% can big chance on profit target ( 20-40 pip on different pair). Slope can see us strong trend or poor trend. But with strong trend we often can't open order, because price not retesting Ma/BB

Example today 45% slope e/u = not signals with retest for us and e/j very strong slope = no chance for sell it here. Trend going without us)

If slope less than 20-25% = flat, no trade ( danger, no A+++ signals)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusd-m5-alpari-limited.png Size: 48 KB
Click to Enlarge Name: eurjpy-m5-alpari-limited.png Size: 59 KB
  • #5,058
  • Oct 9, 2013 3:01am Oct 9, 2013 3:01am
Quoting agregor
{quote} It's absolutley true. Ih have 30% i have +1 pip often, if 45-60% can big chance on profit target ( 20-40 pip on different pair). Slope can see us strong trend or poor trend. But with strong trend we often can't open order, because price not retesting Ma/BB Example today 45% slope e/u = not signals with retest for us and e/j very strong slope = no chance for sell it here. Trend going without us) If slope less than 20-25% = flat, no trade ( danger, no A+++ signals) {image} {image}

price not re-testing MA/BB.. Yes when price is moving fast, it doesn't want to HUG BB. Actually in the morning only I have similar observation and taken some screenshots on how to trade these BreakOuts or Sharp BB changing Direction.... This is not tested so didn;t share.... anyway have a look and Enjoy..
Attached Image(s) (click to enlarge)
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  • #5,059
  • Oct 9, 2013 3:07am Oct 9, 2013 3:07am
Example, because trade in flat - not very good idea for earn money. Many different signals and all - bad.
Attached Image (click to enlarge)
Click to Enlarge Name: audusd-m5-alpari-limited.png Size: 70 KB
  • #5,060
  • Oct 9, 2013 3:10am Oct 9, 2013 3:10am
Quoting JPraveen
{quote} price not re-testing MA/BB.. Yes when price is moving fast, it doesn't want to HUG BB. Actually in the morning only I have similar observation and taken some screenshots on how to trade these BreakOuts or Sharp BB changing Direction.... This is not tested so didn;t share.... anyway have a look and Enjoy.. {image} {image} {image} {image}
Yea, i see on this too, but i have fear to trade this)) Need test 1-3 month on demo only, because when price going from flat it's often can be shake out = sl) Need back test)
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