best set ups. by the middle of next month i will be back full steam on my to enter on divergence only. use price action, fib confluence and pivots to. Influential researchers and popularizers of Price Action are two traders known as James16 and Jaroo. Regardless of certain differences in the. As has been posted, price action at significant support and resistance for us to post james16 price actions setups and discuss how to trade them and see. BTC CONFIRMED BUT NOT SHOWING IN GDAX ACCOUNT

I agree with you Mike is more picker than Jim. As you can see different traders apply price actions setups according to their own preferences. Thanks Ray for the explanation. So I guess they just have a bit different trading styles. By the way, I am a real newbie to FX, but here is a wiled guess how to trade a sideways range market in a daily chart: First you go to weekly and identify the main trend.

It will be safer to trade with the trend, but it is just a preference of mine right now. The third step of mine will be identifying the PPZ that is within the range. I will place my order 10 pips above the upper wick of it. Because James16 is a price action trader, all his strategies — 4 in total — are based on using price and price ONLY. The fact price closes higher or lower than the prior candle indicates the momentum has changed, making it a great signal price is about to reverse the current trend or swing, which is how James16 uses them.

The double bar low higher close and double bar high lower close is a good strategy, but it can be made even better with just a few small tweaks and improvements. Before we get to that, however, let me show how to identify and trade each pattern. The pattern is created when two candlesticks form with similar lows to each other.

The 2nd candle MUST also close higher than the close of the first candle, as it shows the bulls have overwhelmed the bears. Once the candle closes higher, enter a market order to buy. Place your stop loss below the low of the 2nd candlestick — 5 — 10 pips should be enough. This pattern is the inverse to the DBLCH pattern we just looked at; it only forms during uptrends or on upswings and is made up of two candlesticks that form one after the other.

Unlike the DBLHC, the pattern forms when two candles make similar highs, not lows — again, within ten or so pips of each other. Once the candle has closed lower, enter a market order to sell. Place your stop loss above the high of the 2nd candlestick — 5 — 10 pips should be enough. The top places you should watch for patterns are as follows: Support and resistance levels or zones, if you read my VIP post.

Fibonacci retracements. Supply and demand zones — the best location, though not as easy to find. Wait for price to reach a BRN, see if it starts reversing, then enter once you see the right outside bar form. If the second candle in a DBLHC pattern closes much higher than the first candle, that means the bears have put a lot more resources behind the reversal, hence the higher close. With this strategy, you trade candles that form with two matching highs or two matching lows.

These patterns form often in forex, usually signalling a reversal or the current trend or movement. The result being two candles with almost identical highs or lows forming before price reverses. Enter a market order to sell as soon as the 2nd bar closes, or… Place a pending order to sell pips below the low of the 2nd candle better confirmation Place your stop loss above the high of the 2nd candlestick — 5 — 10 pips should be enough.

Pattern 2: Two Matching Lows On the other side of the fence, we have two matching lows, which is a bullish reversal pattern that forms when two candlesticks close with similar or identical lows. Enter a market order to buy as soon as the 2nd bar closes, or… Place a pending order to buy pips above the high of the 2nd candle better confirmation Place your stop loss 5 pips below the low of the 2nd candlestick.

This might be a little controversial to James16 disciples, but the best way is to simply not trade the strategy at all. Both patterns form when two candles make similar lows or highs. This shows the bulls or bears have overwhelmed the other side, which gives the pattern a much better chance of causing a reversal. If you do fancy trading them, make sure you only trade the patterns that form either with long wicks or when the 2nd candle has a long wick in the direction of the reversal.

A pattern like this for example… See how the 2nd candle closes high, showing a long lower wick? Outside bars, or outside vertical bars as James calls them, are just like the engulfing candles we all know and love. They form when price engulfs the body of the prior candlestick, and show the bulls or bears have beaten the other side and came out victorious.

In other words, not only is the body of the engulfing candle bigger than the body of the preceding candle, the highs and lows are also bigger; the high is higher, the low is lower. Outside bars are one of the James16 core strategies, and there some easy ways you can dramatically increase their profitably.

The pattern forms when price rises but falls swiftly on the next candle, resulting in a bearish candle followed by a larger bull candle, indicating a complete reversal of the prior momentum. Unlike the typical bearish engulf, the bearish outside vertical bar always has a lower low, higher high, and lower close than the preceding bear candle.

Place your stop loss above the high of the bear candlestick — 5 — 10 pips should be enough. The first candle is always bearish and is followed by a bullish candle that has a higher high, lower low, and higher close than the prior candle. It signals the bears have overwhelmed the bulls, making a reversal to the upside likely. Once the candle has closed higher, enter a market order to buy.

Place your stop loss below the low of the bull candlestick — 5 — 10 pips should be enough. ONLY Trade Bars From Technical Levels As with most patterns on this list, if you want to really increase the success rate of outside bar, watch for them to form at important technical points. Seeing an outside bar form at a support or resistance level is typically a great signal. The level provides a likely point where price could reverse, and the outside bar confirms the banks want price to reverse away.

Fibonacci retracements also work well… James16 mainly uses these to get into trends, waiting for price to retrace before entering when a pattern forms at one of the retracement levels. Both methods can be enhanced further by seeing if the levels have confluence with other technical points. For example, if a support level lines up with a fib retracement, that gives price a better chance of reversing because two points of interest are lining up at the same spot.

Mike will refuse to commit his money to any setups that are less than A.

James16 group forex price action setups	Rails The pattern consists of two subsequent candlesticks in different directions with large and roughly equal bodies. Pattern 2 Bearish Pin Bars The bearish variation of the pin bar, is of course, the bearish pin bar. Nowwhat are tops and bottoms of wick of the most recent candle? Makes sense? Pattern 2: Two Matching Lows On the other side of the fence, we have two matching lows, which is a bullish reversal pattern that forms when two candlesticks close with similar or identical lows.
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White pages for lexington ky	I mean how could anybody understand whats available from a thread that starts directly. The first and the second chart bar should have matching lows or lows within two pips of each other. This fact alone makes trading pin bars one of the most versatile forex systems out there. Pattern 2 Bearish Pin Bars The bearish variation of james16 group forex price action setups pin bar, is of course, the bearish pin bar. With this strategy, you trade candles that form with two matching highs or two matching lows. Selling happens below the low of the large bullish candlestick of the pattern, the SL is behind the high. Indicators were my only point of concentration.
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James16 group forex price action setups	Place your stop loss above the high of the 2nd candlestick — 5 — 10 pips should be enough. Because closing bullish means, on a lower timeframe, price has engulfed the preceding candle, changing the prior momentum and turning the pin bullish. Chapter 3 How to set a template of a chart To make things easier for you all to understand and visually studyI suggest you set your default template as following. It means that price movements are based on all events in the world: economic, political events, force majeure. You do not need any other bullshit Mike will refuse to james16 group forex price action setups his money to any setups that are less than A. Once the candle has closed lower, enter a market order to sell.
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