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James16+Rayanmcd(Jan kone) and ME 7 replies

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Jankone M5 thread

  • #5,121
  • Oct 16, 2013 5:00pm Oct 16, 2013 5:00pm
Great to see Jankone back

I have to say that the last few questions on this page have all been answered countless times by Jankone throughout the thread. It really is so useful to go back and read it from the start if you haven't already and if you have, then there shouldn't be any need to ask questions about MA settings, targets, other PA triggers, other timeframes, larger timeframe trends or anything else. Just look at the picture he has posted and learn to recognise the A+ pins, thats it!
  • #5,122
  • Oct 16, 2013 5:01pm Oct 16, 2013 5:01pm
Would be super interested to hear if Jankone is still trading exclusively this strategy and how he is getting on....
  • #5,123
  • Oct 16, 2013 10:43pm Oct 16, 2013 10:43pm
Quoting Jankone
I really cant post it here, there are so many markets and so many time frames. You should work on ur plan and make ur own pattern how it should look like, i think it's just few pictures that u can use as a pattern for thousands of trades, just open you eyes ( and live your dream) :-) {quote}

Great Jankone.. This is so beautiful and true ...

We need to pick up patterns which we can see happening repeatedly in the charts and make those very patterns as trading strategy.

Kind of Mastery over such happenings to a level that when such patterns emerge, our eyes catch it immediately and a trade is taken with 100% confidence.
  • #5,124
  • Oct 17, 2013 7:00am Oct 17, 2013 7:00am
one BIG thing, If you are not sure about trade and u use BB, look where pinbar is (if its bellow or above bb ( or in the mid if u run w trend) then it's perfect

http://img236.imageshack.us/img236/6151/usdjpym5vo3.gif
http://img43.imageshack.us/img43/8656/uj19815.gif

Quoting JPraveen
5 Min Gold. Counter-Trend Based on PB and Divergence First Pin Failed and 2nd one sail through.. {image}
  • #5,125
  • Oct 17, 2013 7:25am Oct 17, 2013 7:25am
It's not big secret that trading system IS NOT that important, obviously, it must work, but there are ton good of them.

- important is how you fight with your biggest enemies (you)
- how disciplined you are
- how greedy you are
- how you fight with your fear
- how consistent you are
- how your money management works
- you must be well capitalized.
- you must be patient
- you have to sacrifice something
- have your dreams and goals that moves you forward
- many other little things ...

Usually when i wanna do something i do it 100% or i dont do it, nothing between it. once again. DO it 100% or it's just wasting my time and DON'T do it. (i mean everything)

I think trading itself is easy, but emotions and beating yourself are not easy, "unfortunately" we are traders with emotions, you have to fail and fall down but never surrender and keep trying, it's just passion. Steve Jobs said " Do what you love to do "

Quoting andyhardwick
Would be super interested to hear if Jankone is still trading exclusively this strategy and how he is getting on....
  • #5,126
  • Oct 17, 2013 7:32am Oct 17, 2013 7:32am
Quoting Jankone
one BIG thing, If you are not sure about trade and u use BB, look where pinbar is (if its bellow or above bb ( or in the mid if u run w trend) then it's perfect http://img236.imageshack.us/img236/6151/usdjpym5vo3.gif http://img43.imageshack.us/img43/8656/uj19815.gif {quote}
Thanks Jankone..

I am trying to figure out the suggestion related to "Look where pinbar is, if below or above bb" with respect to CT. Sorry.. Not clear on that...


Thanks
Praveen
Attached Image
  • #5,127
  • Oct 17, 2013 7:39am Oct 17, 2013 7:39am
EUR/USD Hit Weekly Resistance and in Process of making a nice PB in Hourly Chart..
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_1H_17_OCT_1.png Size: 21 KB
  • #5,128
  • Oct 17, 2013 7:51am Oct 17, 2013 7:51am
Quoting Jankone
It's not big secret that trading system IS NOT that important, obviously, it must work, but there are ton good of them. - important is how you fight with your biggest enemies (you) - how disciplined you are - how greedy you are - how you fight with your fear - how consistent you are - how your money management works - you must be well capitalized. - you must be patient - you have to sacrifice something - have your dreams and goals that moves you forward - many other little things ... Usually when i wanna do something i do it 100% or i dont do it,...

Superb!! Great !! Inspiring !!
  • #5,129
  • Oct 17, 2013 8:01am Oct 17, 2013 8:01am
Do you see where is trend? do u see divergence...? (but location + shape is great) thats are u are waiting for, not crappy 5 min in chubby market u posted before

above or below bb, what exactly you dont understand? i gave u images where it is super obvious

Quoting JPraveen
EUR/USD Hit Weekly Resistance and in Process of making a nice PB in Hourly Chart.. {image}
Thanks Jankone..

I am trying to figure out the suggestion related to "Look where pinbar is, if below or above bb" with respect to CT. Sorry.. Not clear on that...
  • #5,130
  • Oct 17, 2013 8:16am Oct 17, 2013 8:16am
Quoting Jankone
Do you see where is trend? do u see divergence...? (but location + shape is great) thats are u are waiting for, not crappy 5 min in chubby market u posted before above or below bb, what exactly you dont understand? i gave u images where it is super obvious {quote} Thanks Jankone.. I am trying to figure out the suggestion related to "Look where pinbar is, if below or above bb" with respect to CT. Sorry.. Not clear on that...

Hi Jankone, 1H chart PB + Resistance Area is just for information that there might happen a Reverse Move .. keep looking in 5/15 Min chart for a possible Sell Signal

Yesterday, there have been great moves in EUR/USD whereby it went down by 80 pips and then Up by 50 Pips but no opportunity to take a trade..
Wondering if Experts has an insight on how to trade these kind of scenarios
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_5_Min_16_OCT_3.png Size: 26 KB
  • #5,131
  • Oct 17, 2013 8:37am Oct 17, 2013 8:37am
Why go on a lower timeframe when you see something like this developing on 1hr? You posted the first Pinbar as it formed ,there was great divergence ,so whats the question?

EDIT: Cheers Jankone BTW.Nice to see you here.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Divergence.png Size: 17 KB
  • #5,132
  • Oct 17, 2013 8:48pm Oct 17, 2013 8:48pm
Quoting Jankone
It's not big secret that trading system IS NOT that important, obviously, it must work, but there are ton good of them... Steve Jobs said " Do what you love to do " {quote}
Totally awsome post Jankone, huge thanks for this strategy!
r u ready?
  • #5,133
  • Oct 18, 2013 1:50am Oct 18, 2013 1:50am
EU had a good breakout in 5Min TF
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_5_Min_18_OCT_1.png Size: 18 KB
  • #5,134
  • Oct 18, 2013 3:08am Oct 18, 2013 3:08am
Quoting JPraveen
EU had a good breakout in 5Min TF {image}
Hi. mate! Nice Trade) I have buy on e/u too from daily pb. 3710-20 target i think?
  • #5,135
  • Oct 18, 2013 3:20am Oct 18, 2013 3:20am
Quoting agregor
{quote} Hi. mate! Nice Trade) I have buy on e/u too from daily pb. 3710-20 target i think?


Now I am looking through Charts of Forex007.. pure genius.. His trades also on 5 and 15 Min..
  • #5,136
  • Oct 18, 2013 4:02am Oct 18, 2013 4:02am
Quoting JPraveen
{quote} Now I am looking through Charts of Forex007.. pure genius.. His trades also on 5 and 15 Min..
Can you give me link for see this too?^^
  • #5,137
  • Oct 18, 2013 5:38am Oct 18, 2013 5:38am
Quoting agregor
{quote} Can you give me link for see this too?^^
Click on images on Profile page of Forex007

http://www.forexfactory.com/search.php?searchid=7550393
  • #5,138
  • Oct 18, 2013 7:30am Oct 18, 2013 7:30am
CT Formation

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD_5_Min_18_OCT_1.png Size: 29 KB
  • #5,139
  • Edited 11:39am Oct 18, 2013 11:19am | Edited 11:39am
Quoting JPraveen
{quote} Click on images on Profile page of Forex007 http://www.forexfactory.com/search.php?searchid=7550393
How name threat FOrex007, i not see in profile this information? Big thank!
  • #5,140
  • Oct 18, 2013 3:49pm Oct 18, 2013 3:49pm
Basic school 1st step : how do we recognize good pinbars

here we go, i see many of you are doing it wrong and im worried about your monies. I think some guys still cant understand position, imagine it's like property business ( you are selling houses or rentals) , Location,Location Location. Look at this picture, I made super easy picture in MS Paint , let's call it it basics how to decide.

Setup 1 i see many often, maybe it's "pinbar" but you shouldnt even think about it . It's some random crappy bar HIDDEN in the shadow of previous bars

setup 2 is that A+ u are waiting for, it's SCREAMING to your face, HERE I AM, you just cant miss him.

1 - as i wrote, last bar, especially if you are new, you might think that it's awesome pinbar, you see pinbar and take a no brainer trade because u see lovely pinbar ( you buy a house and then u realise its' in the middle of nowhere) think about LOCATION (and shape) again. YOU DONT TRADE

2 - perfect shape, it's NOT hidden in previous bars, this setup is just perfect. why ? open+close is +- equal, low is very close, and high was huge (it might mean market is exhausted or whatever reason) then YOU TRADE

Attached Image (click to enlarge)
Click to Enlarge Name: easy.jpg Size: 55 KB
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