I knew you were going to say that, and it makes sense. What's missing, however, from trading higher timeframes is the ability to turn a lower TF trade (with a bigger position size) into a longer term one. I imagine this might take some considerable ...

Silent Service Method

Chris - I totally agree with all the things you say. Playing devil's advocate for a minute though, watching the higher timeframes limits the number of decent setups available and thereby limits your profit potential. The reason most people play the ...

Silent Service Method

Thanks for the explanation WG. I might look into ready Nison's book. Many have mentioned it. Simon

Silent Service Method

I know exactly what you mean. You have very little time to think on the M5 charts so you have to have everything plotted out, on your charts or in your head, in advance. I haven't even started demoing the M5 yet as I feel I need some time just ...

Jankone M5 thread

You really have to be careful around big round numbers, like the 1.10 here, since there's often a ton of orderflow built up to which price can react - sometimes quite violently. This is especially true on lower timeframes where there is more noise ...

Jankone M5 thread

Hi WG - quick (possibly daft) question: I see you're looking to play a break short off a PB and hanging man. I've never played a hanging man before, but it looks like more of a bullish signal than a bearish one - price tried to move lower but met ...

Silent Service Method

All nice trades IMO. The UJ one is in a downtrend and price pulled back to the mid BB to form a shapely PB, just like I was describing. I would probably say that the other 3 trades are consolidation trades since the BBs have tightened up and the PBs ...

Jankone M5 thread

The best mid BB setup I've found is where price is hugging the outer BB on a strong trend and then takes a breather and creates a PB/outside bar with a nice long nose through the mid BB. Ideally price would just dip down without consolidating too ...

Jankone M5 thread

Often when a strong trend is underway price will bounce off the mid BB and doesn't go anywhere near the opposite BB until the trend loses momentum. I thought the idea with Ryan's/Jankone's method is to look for strong trends and trade a pullback ...

Jankone M5 thread

I haven't even started to demo this yet, I'm just watching the 5 min charts to try and get a feel for it for a few weeks without the complication of having to place trades quickly. I watched this one unfold this morning on the EURJPY. What do you ...

Jankone M5 thread

Thanks for the responses guys. Since I'm at work all day I can't watch the charts all the time so I would need to use alerts for either price action bars or divergence, although the best trades appear to be pullbacks to the middle BB on a trend ...

Jankone M5 thread

Watching the charts — I've been following this thread with interest as it really works well with the J16 S/R trading on the higher timeframes. Thanks Jankone for a great thread! I noticed that Jigsaw and jlr have both touched on how to stay ...

Jankone M5 thread

You and me both. It was my wife's birthday on Monday and then Tuesday/Wed I was working like a dog and didn't get to check the charts until last night and now all I have on my charts is sideways turd and price flopping around in no-man's land. Simon

Silent Service Method

Thanks Ryan. That makes alot of sense given this is just a numbers name at the end of the day. I noticed that price was hugging the bottom BB on the H4 along the 95.00 level before your entered UJ, making a short trade a TC trade. Is that something ...

james16 Chart Thread

To deal in HK shares you need to have HK dollars in order to do the trade. The HK dollar is pegged to the USD so you're not taking any forex risk when you buy HK dollars to make the trade or sell HK dollars to turn your profits into USD. Do I get a ...

Silent Service Method

Hi Ryan - I'm glad someone managed to catch some pips off yesterday's monster yen moves. I have a couple of questions about your trade: 1. At what point did you decide yeah we're now in a down trend? 2. To be fair that is a crappy little pinbar, ...

james16 Chart Thread

Here's what my chart looks like. We've clearly broken out and retested of the bottom of the channel, but we're now loitering around the 150 weekly PPZ. In fact, I've marked out the area between 150 and 155 as a zone. So, for a short I'd like to see ...

Silent Service Method

FWIW, here's my take on the AUD/USD. When you have a fast move up like we've had here I never know whether that indicates we're "due for a retrace" or whether you shouldn't bet against such a stong trend up? A question: price was ...

Silent Service Method

Chris - if you were in this GBPCAD short trade off the daily, would you move to BE at the 0.90 level or would you just move your stop maybe behind the left eye? I ask because it looks like it's with the weekly trend which would mean that we might ...

Silent Service Method

Low - my only concern with this trade, and you may have thought of it already, is that there is a daily PPZ at the 1.90 big round number, which is about 75 pips off the bottom of the PB. With a 12 pip spread I'd be wanting to move my stop to BE (or ...

Silent Service Method