Dzhankone Trading System

Dzhankone Trading System

The strategy is based on working with pin bars. Why the “Pin” bar?

We all remember the tale of a boy who every time he spoke untruth, his nose grew. Pin is the abbreviation on behalf of Pinocchio.

Dzhankone Trading System Features

A long nose, a shadow or a tail shows us that the price is deceiving us. Pin is stretched up, which means that the price is deceiving, that she will go up, she could not fix herself there and fell. The strength of the bears in this situation was greater. When trading pin bars, it is very important that the price returned to the previous bar and closed there. The previous bar must not exceed the limits of the pin. Very good pins work when they break through their noses with important levels of support or resistance. An ideal pin must have a large nose and a small body.

Pins should be on the top, or hollow, not in the middle of the price range.

Dzhankone Trading System

Technical side:

1. Choose a timeframe – 5 minutes (M5).

2. Install RSI-6, used for divergence.

3. We set Bolinger Bands – 18/2, we use to determine the trend. Still it is possible to trade from its borders at lateral movement and at presence of a pin.

4. Set Simple Moving Average (SMA) 50 and Exponential Moving Average (EMA) 21 – to determine the trend.

The level of take profit is 15 points.

The best currency pairs for work on this strategy are pairs EUR / USD, EUR / JPY, GBP / USD, USD / JPY.

The forex strategy “Dzhankone Trading System for 5 minutes” consists of 2 simple signals. It should always be remembered that the best deals on forex are deals on a trend.

1. The first trading signal is a pin bar in itself and the presence of a trend. If there is a divergence, then this is still the best option for concluding a deal.

Dzhankone Trading System

2. The forex trading signal against the trend is counter trend.

For the signal it is necessary: ​​pin bar, divergence. Profit is best displayed on the 21st moving average.

Take profit is 15-20 points, a good target is 21 moving average. As for the stop, it is 5 – 10 points from the pin bar. Or behind the line of support, resistance. Nobody forbids the use of trailing stops in the strategy of Jankone.

Pin bars can be signals by themselves, IF they break through:

1) Fibonacci levels;

2) Levels of pivot (Pivot Points);

3) Medium;

Remember that you do not need to conclude a transaction if your profit-loss ratio is less than 1: 1, and even BETTER 2: 1.

Receive Trading Signals for Free

Sign up today and GET YOUR free daily signals

Your Name (required)

Your Email (required)

Your Skype ID (required)

Keras - self-learning NEURAL networks for
Stock market forecasting
Get it FREE

*number of participants is limited

Customer Testimonials

Leave a Reply

Your Name (required)

Your Email (required)

Your Message

BonusMin. DepositMax. ReturnsRating
ayrex$10,000$20090%Rating Ayrex Options Review
$10,000$581%broker Rating Freestyle Review
Finmax$10,000$20090% FiNMAX Review
StockPair$20,000$585%broker Rating Falcon Finance Review
24optionUnlimited$25089%Top Binary Options Brokers Rating 24option Review

To invest with binary options you will work with an investment broker who is licensed to work in this field. Working with your broker, you will identify which asset you want to buy an option on, how much you want to invest and when the option will expire. Once the option is placed, you simply watch the trading activity on that asset to see if your prediction was accurate or not.

Binary options are one of the most popular trading choices for investors today, due in large part to their simplicity and the fact that you always know all the risks and payoffs ahead of time.

  • regulated: we promote only regulated brokers whose business models and marketing practices are checked by relevant government authorities.
  • special features: here we list all the important features that a broker offers. These are usually listed as perks offered trough various account types which bring different levels of service, depending on the minimum funds deposited
  • bonuses: almost every Top Binary Options Brokers offers these rewards that increase trading potential. Fair Binary Options also lists terms and conditions that come with the bonus money so traders always know how will these affect their trading efficiency.
  • the best binary trading platforms reviewed: we review the software that makes trading possible. There are several big providers, such as SpotOption, TechFinancials, Tradologic, MarketsPuls… Every software has some special characteristics, and not every software is suited for every trader
  • assets: Fair Binary Options review provides basic info on the amount of assets available for trading
  • customer support: we chat with the customer support to test how the broker has set up the help desk that should support traders. This is the best way to assess the service.
  • payments: we list all the payment options available by the Top Binary Options Brokers, list minimum deposit requirement
  • withdrawals: we warn traders if withdrawal requirements are too high, or if it takes a long time to get the money back.
    • Keras - self-learning NEURAL networks for
      Stock market forecasting
      Get it FREE

      *number of participants is limited

      Customer Testimonials

      Fellas what broker is legit in States ? binary options binary options broker USA?