Hi dhh, i just realize that the setup was about 40min AFTER the Trade Balance news. So I would have traded this one. Sorry for my mistake. Anyway, good to know how you guys trade/avoid to trade news.

Jankone M5 thread

hi dhh, i'm no expert, but allow me to share my 2 cents. The setup was okay, but it's too close to the US Trade Balance news release that was just 15~20 min away. For me, I dare not enter any trade 30min before any major news release, because if i'm ...

Jankone M5 thread

Hi ira, I was trying to do the same and got burned many times (if u happened to see my posts, u would know). I think the setups taught in this thread are good and simple, but they only work if applied at the right location. Now I'm working on the ...

Jankone M5 thread

Oops, what a blunder! I got it! In fact it's two consecutive div, what a nice setup! Hope I can spot this in real-time soon

Jankone M5 thread

Thanks for your comments, supremeChaos! In fact, for the bar after the PB, the price went down first before it shot up quickly. MACD was seeming to bounce off the zero-line when I opened the short position. I know you strongly promote the idea of ...

Jankone M5 thread

Hi supremeChaos, you are always welcome to answer Yes, I also saw that div and in fact it's me who drew that div, that's why I said "I saw two ways of drawing the RSI Highs, one gives div and the other doesn't" So my real question is in such a ...

Jankone M5 thread

Hi Jlr, I'm also not so sure whether entry on breakout of PB is better than close of PB. It only means fewer trades taken, but then for losing trades, you lose more unless you strictly normalize SL to % of capital. You seem to have done lots of ...

Jankone M5 thread

Thanks for your encouragement, Jankone! I have lots of faith in this system, I'll keep working on practicing and on myself

Jankone M5 thread

Why this trade failed? — Hi guys, can you help point out why I should not take this trade (the PB in shade), even though it's with trend? Thanks!

Jankone M5 thread

Would you take this PB? — Hi Jankone, nice trade there! Just want to ask you: would you take the setup earlier? I saw two ways of drawing the RSI Highs, one gives div and the other doesn't. Which of the two recent Highs carry more ...

Jankone M5 thread

Hi supremeChaos, really appreciate your efforts to give so detailed answers! Yes, I'll have to spend more time studying charts. Also look forward to seeing your charts

Jankone M5 thread

trades at extremes of BB — Hi SupremeChaos, For entry at upper/lower BB, I suppose there are three cases: 1) counter-trend, so we trade against extremes (with div on indicators) 2) range-bounding, also trade against extremes 3) with trend. I ...

Jankone M5 thread

Hi supremeChaos, Thank you for your reminding of the time-frame matter. I'm aware of that and I have seen lots of senior members recommending longer TF for newbies. It's just that my personality and my schedule are more suited for 5m or 15m TF, at ...

Jankone M5 thread

Thank you, Jlr! — Thank you, Jlr! I enjoyed reading your posts! Look forward to learning from you and other guys

Jankone M5 thread

Thanks, Kodziro! For the first trade, If I understand you correctly, you would prefer the price to test the support and bounce off, then you would enter?

Jankone M5 thread

Your comments on my losing trades — Hello everyone! First of all, thanks to Jankone for sharing his simple and elegant method. I did some backtesting and then started live trading with a very small position size. I did not demo trade because I ...

Jankone M5 thread