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Trading Strategies Using Price Action & Order Flow

  • #141
  • Nov 16, 2017 1:47am Nov 16, 2017 1:47am
Quoting elDIABLO21
Jacob? still there?
Hey elDIABLO21,

I have some personal issues so I was away from trading

I will have to move my webinar to next week in order to close some urgent issues I have.

I hope I will gradually come back posting in the next few days.

Sorry for that.

Best,
Jacob
  • #142
  • Nov 16, 2017 7:40am Nov 16, 2017 7:40am
Quoting jacob12
{quote} Hey elDIABLO21, I have some personal issues so I was away from trading I will have to move my webinar to next week in order to close some urgent issues I have. I hope I will gradually come back posting in the next few days. Sorry for that. Best, Jacob
Hello Jacob,

Meet you next week then

Best regards,
Fenix Capital Mgmt Return This Month: na
  • #143
  • Nov 16, 2017 9:05am Nov 16, 2017 9:05am
Hi Jacob12, pls. explain your trading strategy to me. Am a newbie & want to mentor you. My Regards. Oyeobo
  • #144
  • Nov 16, 2017 10:36am Nov 16, 2017 10:36am
Quoting jacob12
{quote} Hey Bigindoda, Technically, it's not a BUOB since the close isn't above last bar high. I think it's not that good, why do you think it's? (after you will write what you think I will write my own thoughts) Best, Jacob
Thank you very much Jacob! Your right it's not a BUOB i need to learn more, i started to read James16 thread from the beggining Whats wrong with my trade beside the "non BUOB" .... maybe the support zones are not correct on my chart?... i am interested in your opinion and please post your trades because i want to learn from them.(otherwise I would like to join your webinar) Keep it up
  • #145
  • Nov 16, 2017 2:53pm Nov 16, 2017 2:53pm
Quoting oyebobo
Hi Jacob12, pls. explain your trading strategy to me. Am a newbie & want to mentor you. My Regards. Oyeobo
Hey oyebobo,

I trade just around flips of support and resistance, if you are new I think it would be best to watch j16 stuff on YouTube in order to understand the concepts.

You can always ask me questions in here and I will do my best to answer.

Best,
Jacob
  • #146
  • Nov 16, 2017 2:56pm Nov 16, 2017 2:56pm
Quoting Bigindoda
{quote} Thank you very much Jacob! Your right it's not a BUOB i need to learn more, i started to read James16 thread from the beggining Whats wrong with my trade beside the "non BUOB" .... maybe the support zones are not correct on my chart?... i am interested in your opinion and please post your trades because i want to learn from them.(otherwise I would like to join your webinar) Keep it up
Hey Bigindoda,

Besides the fact it's not a true BUOB, there was no good level of a flip in order to take that trade.

You want to see PA bars slices flip areas, if you can't see the flip right away, just skip the trade.

As for my webinar, I have some personal issues and will move it to next week.

Sorry for that, I know that you and others are waiting for this (as I wait for this also!)

Best,
Jacob
  • #147
  • Nov 17, 2017 12:35am Nov 17, 2017 12:35am
Quoting Bigindoda
{quote} Thank you very much Jacob! Your right it's not a BUOB i need to learn more, i started to read James16 thread from the beggining Whats wrong with my trade beside the "non BUOB" .... maybe the support zones are not correct on my chart?... i am interested in your opinion and please post your trades because i want to learn from them.(otherwise I would like to join your webinar) Keep it up
Hey Bigindoda,

Okay, I got some time to write my full analysis:

First, you see that the high of the bar got rejected because of the flip of high and low, you can even see that next bar high tested that area as a resistance.

So, you don't want to go long after such a flip failed to the long side.

In addition, I look for a protection area, some kind of a flip to hide my SL, the only thing I see is the support below (Orange box) which is in the lowest part of your bar, that means I won't have any good place to move my SL, meaning I will have to take almost a full bar loose (and I never take such a loose).

Again, don't trade the pattern, trade the overall story, look at all of my previous trade and you will see that there is always a flip area or a very strong level where I will hide my SL and cut out with a small loose.

Did that help ?

Best,
Jacob
Attached Image (click to enlarge)
Click to Enlarge Name: AUDCADDaily.png Size: 60 KB
  • #148
  • Nov 19, 2017 10:39am Nov 19, 2017 10:39am
Nice thread you have here, Jacob12

May i know those pictures that you showed here, were they snapped from Interactive Broker?

Do you mind to share what broker are you using?

Thank you
  • #149
  • Nov 20, 2017 1:40am Nov 20, 2017 1:40am
Short EURNZD.

Will add charts later.

Best,
Jacob
  • #150
  • Nov 20, 2017 2:33am Nov 20, 2017 2:33am
Quoting jacob12
Short EURNZD. Will add charts later. Best, Jacob
Closed for 0.1r loose

Best,
Jacob
  • #151
  • Nov 20, 2017 12:36pm Nov 20, 2017 12:36pm
Quoting judysfriend
Nice thread you have here, Jacob12 May i know those pictures that you showed here, were they snapped from Interactive Broker? Do you mind to share what broker are you using? Thank you
Hey judysfriend,

I use the charts of MT4 FXpro for my analysis.

I'm using Interactive Broker as my broker.

Best,
Jacob
  • #152
  • Nov 20, 2017 4:08pm Nov 20, 2017 4:08pm
1st, entry EURJPY, PB, on Support

Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy-d1-trading-point-of.png Size: 32 KB


2nd, AUDJPY, Entry above 85.000, PB on Support plus 61.8 fibo (Lastly, Stochastic confirmation)

Attached Image (click to enlarge)
Click to Enlarge Name: audjpy-d1-trading-point-of-2.png Size: 47 KB
  • #153
  • Nov 20, 2017 5:09pm Nov 20, 2017 5:09pm
hi jacob12 i could'nt find any thing related to either forex or your trading concept on j16. please assist, thanks. oyebobo
  • #154
  • Nov 21, 2017 2:25am Nov 21, 2017 2:25am
Quoting oyebobo
hi jacob12 i could'nt find any thing related to either forex or your trading concept on j16. please assist, thanks. oyebobo
Hey oyebobo

sorry to interject but a good place to start is the series of videos on where is price going - heres the link https://www.james16group.us/wp/j1-group-trading

Little tip don't sign up for the membership Hah! - sorry bad joke

FireEater
Health Wealth and Happiness
  • #155
  • Nov 21, 2017 4:12pm Nov 21, 2017 4:12pm
BUOB on AUDUSD, with fibo confluence, plus round number, lastly stochastic confirmation

Bigger picture, here is my flip zone

Attached Image (click to enlarge)
Click to Enlarge Name: audusd-d1-trading-point-of.png Size: 41 KB


My entry point

Attached Image (click to enlarge)
Click to Enlarge Name: audusd-d1-trading-point-of-2.png Size: 33 KB


I hope this is a good one.

Jacob?
  • #156
  • Nov 22, 2017 1:33am Nov 22, 2017 1:33am
Quoting Bigindoda
BUOB on AUDUSD, with fibo confluence, plus round number, lastly stochastic confirmation Bigger picture, here is my flip zone {image} My entry point {image} I hope this is a good one. Jacob?
Hey Bigindoda,

I saw both of your trades and will comment later this evening.

I still struggle with personal issues so I'm not near the charts.

This is also true for my webinar, i still dont have the time slot for it just now.

Look for my response later toady.

Best,
Jacob
  • #157
  • Nov 22, 2017 1:35pm Nov 22, 2017 1:35pm
Quoting Bigindoda
1st, entry EURJPY, PB, on Support {image} 2nd, AUDJPY, Entry above 85.000, PB on Support plus 61.8 fibo (Lastly, Stochastic confirmation) {image}
Hey Bigindoda,

The flip area is in the lower range, that means that if price will go against us (what he does now), the only place to hide our SL is below that flip area.

If price will go to that area, our loose will be almost 1R, I never let a trade go that far (maximum will be half R)

So, I won't trade that trade with price doind what it does.

Best,
Jacob
  • #158
  • Nov 22, 2017 1:45pm Nov 22, 2017 1:45pm
Quoting Bigindoda
BUOB on AUDUSD, with fibo confluence, plus round number, lastly stochastic confirmation Bigger picture, here is my flip zone {image} My entry point {image} I hope this is a good one. Jacob?
Hey Bigindoda,

The flip that I see is the one I had marked in the daily chart.

I think it's a great trade, but should be taken on the interday TF, you can see how price change direction around that flip, once acts as resistance and once as support.

So, you could have taken several trades here, today you could have taken short on that level and get with BE at the end (the trade is 3H BEOB, I had attached the chart also).

Hope that helped

Best,
Jacob
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDUSDDaily.png Size: 52 KB
Click to Enlarge Name: AUDUSDH4.png Size: 44 KB
Click to Enlarge Name: AUDUSDH3.png Size: 44 KB
  • #159
  • Nov 22, 2017 3:10pm Nov 22, 2017 3:10pm
I'm long AUDCHF from the 6H PB.

Again, I have my support and resistance zone, so I won't let price do further down from that level.

Always keep your risk small

Let's see how it will develop.

Best,
Jacob
Attached Image (click to enlarge)
Click to Enlarge Name: AUDCHFH6.png Size: 56 KB
  • #160
  • Nov 22, 2017 3:37pm Nov 22, 2017 3:37pm
Quoting jacob12
I'm long AUDCHF from the 6H PB. Again, I have my support and resistance zone, so I won't let price do further down from that level. Always keep your risk small Let's see how it will develop. Best, Jacob {image}
Those are the main zones I look at.

It's night here so I will put an alarm to see what price will do in the first upper box.

I might hold this trade until the upper box.

Good night

Best,
Jacob
Attached Image (click to enlarge)
Click to Enlarge Name: AUDCHFH6.png Size: 56 KB
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