I wait for the break but thats just me - yes it increases the R so will affect your profit/postion size but thats just me... maybe Jankone is better at picking trades than me (most likely!!) but I filter out a few loosers this way. Pin quality is as ...

Jankone M5 thread

I begin setting up the trade with about 1 min or so to candle close. You should know the important high (or low) at that point to base your SL around and if this changes during the last few seconds and still manages to form a pin I usually don't hit ...

Jankone M5 thread

Kakyn, usually trail at 1R (candle + spread) and just let it go... no TP unless theres a really obvious PPZ S/R somewhere. like I said I do this because it suits me - not neccessarily because I think its the best way of doing things!! Tom

Jankone M5 thread

Kakyn, I have played around with differing SL strategies both live and backtesting with this method and I have come to this conclusion... Its up to you! and what suits you from a psychological point of view!! move to BE will lessen both your losses ...

Jankone M5 thread

Just one for me today — EURUSD A few minutes later than Artovs better trade - missed that one cos I wasn't around. got 12 pips from this one. happy with that. Tom

Jankone M5 thread

Nasir, Good stuff... Hourly pin with PPZ (J16) Triggered on the 5M CT pin with good divergence I would guess you'd only need a few of these trades a year to make good money. 5M lot size and risk with Hourly pip returns - fantastic! Tom

Jankone M5 thread

Didn't take this one myself... no divergence from top of pin (I know that RSI is usually calculated on candle close not candle high/low) - I thought we where looking for this? Also not getting 2R here - well maybe eventually who knows!! (assuming ...

Jankone M5 thread

SC, The bottom RSI is the divergence indicator... so yeah its the same RSI but it draws the lines automagically for you... which is nice.... :-) Tom

Jankone M5 thread

Nasir, Couple of points. Its against the long term trend (no a massive problem in itself as a reversal seems to have started.) Its trading into a round number (again no a massive problem as your a few good pips away from that!) I didn't trade it ...

Jankone M5 thread

CABLE 5M CT — Folks, Got this one earlier... text book pin with divergence I would say. Got out near the bottom as well for ~4R good stuff... Tom

Jankone M5 thread

dhh, Thanks for this input. Personally I am happier to take less losses at the expensive of a few winners - sits better with me if you know what i mean!!! I guess if the cards where on the table I would take a better % win ratio even if it mean't a ...

Jankone M5 thread

SC - Thanks again! - yep I trade J16 style as well often and seem to take quite a few of these Ryan style trades at the 1HR timeframe as well as I keep missing to 5M ones due to working... oh well... such is life and all that... I'm still ...

Jankone M5 thread

I didn't notice this at the time... but I will be looking in future!! I think this would have been the reason not to take the trade - I try to find a reason not to take trades. 1 good reason and I'll pass... I obviously didn't pass as I didn't see ...

Jankone M5 thread

SC, Heres the full graph... I don't trade like that (all zoomed in!!!!) it was just a screengrab of the chart. I must admit I mostly don't manage these trades... when its like that one (placed the trade and then left to drive home form work) I set a ...

Jankone M5 thread

Loosing trade from yesterday — Folks, Wanted to post this one up as I think loosers are more important a lot of the time than winners... NZDJPY - 1H time frame but exact same rules as the 5M stuff. Trade was with long term trend and pin (see ...

Jankone M5 thread

Kojak, Looks good to me!!! - missed it myself as I am supposed to be working Tom

Jankone M5 thread

Haven't seen the longer term graph but it looks like CT trade with weak/non existant divergence.... lucky? well maybe not - doesn't look like you would have got the traditional 2R however an intelligent S/R/PPZ TP here swayed the odds in your ...

Jankone M5 thread

SC, Yes it does.... with one exception... I didn't take it!! oh well.... definetly wasn't in the 'trading frame of mind' at that point this morning... oh well... On another note I know this thread is dedicated to (for the most part) 5M timeframes - ...

Jankone M5 thread

Cable Long — Just watched this one go right by me.... nice pin with divergence..... Not sure why I didn't take it... maybe because I hadn't long woken up and I hadn't had my first coffee of the day by that point?! that'll be it! Oh well!! Tom

Jankone M5 thread

I got the last of those 3 pins didn't take the previous 2 because.... I was at lunch... ok so a bit of good luck on these guys!!! cheers all! Tom

Jankone M5 thread