josh, just want to point out that it's not a proxy pin imo. take a look at the 2nd chart(extracted from pin document from J16 thread).

Jankone M5 thread

kk007, let me begin by saying no you're not wrong(it's not about right or wrong). but this is something i feel i can scratch my head for the next 10 years and i still won't be able to articulate to people what goes on in my head. remember ...

Jankone M5 thread

take a look at these two charts. i'm afraid not much more i can say in words, but look at them in terms of price(how far did it go) and time(how long did it take). 1st chart has a better trend than the 2nd by comparision. one last thing. i can see ...

Jankone M5 thread

i agree 100%. both the trend and counter-trend setups require a 'trend' to start with, and the quality of the trend affect directly the outcome of the setups. unfortunately, identifying a trend is usually a big struggle for most new people(i'm still ...

Jankone M5 thread

i can't see well on your chart, so i looked at my chart and it was not a pin. moreover, the trend is not A+. compare your chart with jankone's chart this morning, you'll see the difference.

Jankone M5 thread

that makes three of us

Jankone M5 thread

thanks, i understand better now of what you do. it's true that some of the dynamics(stop adjustment etc.) of live trading apply to backtesting too. 'trading is hardly routine'. same setups, but every chart is different. good luck with 2004 and ...

Jankone M5 thread

i like my backtest results to be as good as real trading too unfortunately real time market has its ways to mess with our emotions/decisions espcially on the 5min. also backtest doesn't allow you to skip news times, or doesn't allow you to see the ...

Jankone M5 thread

i was watching this too, but did not take it primarily due to news coming up: 10:45am EUR Buba President Weber Speaks don't know how significant this news is fundamentally, but any news spike could easily out run 5min bars. (as i remember this ...

Jankone M5 thread

icehocey, it's a huge effort to backtest years of data on the 5min chart, thanks for sharing the results. just a few questions so i can put these results in better perspective: 1. are you testing a specific time interval(i.e. 7am-12pm ET) or all ...

Jankone M5 thread

finally august is over, let's see how the market moves now. winning trade this morning: ct/div, pin@BB, even a triple top.

Jankone M5 thread

yes, we can't predict the future, we only try to make a educated forecast. one thing that keep makes more and more sense to me as i trade more and more, is that we focus on trading right but what we get is up to the market to offer(sometimes more, ...

Jankone M5 thread

just put pending order for this one. confluence of ppz, 365ema, and 0.382. trigger is 2 bar pin today. watching last high for TP. any comments?

james16 Chart Thread

nice uptrend. but the first pin was not standing-out enough for me, the second pin was better maybe too good, it closed at midBB/21ema, which is the initial target for ct/div trades. i look for reasons not the take the trade like this. but both of ...

Jankone M5 thread

steve, everyone walks a different path. people do what make sense to them, i know i do.(sometimes you have to get out of the comfort zone, but keeping senses is important.) good trading.

Jankone M5 thread

trail stops — joelcf's post is enjoyable as usual. i like to add one to the list for consideration. conditional candle(bar) = candle closes above/below last candle's high/low i usually consider it for high momentum, or (almost)vertical moves. ...

james16 Chart Thread

at res of range, pin@bb(even 1.4250), no div but take a look at 1m. got out +8

Jankone M5 thread

i just realized i misused the (sarcastic) icon before. it looked like the question mark icon(eyes rolling up..and thinking) to me. my apology if i offended anyone before.

Jankone M5 thread

i just realized i misused the (sarcastic) icon before. it looked like the question mark icon(eyes rolling up..and thinking) to me. my apology if i offended anyone before.

james16 Chart Thread

slow week, first trade, +13. i decided to add this range market setup to my practice, but only take the clear ones i can identify, will see how it goes.

Jankone M5 thread