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Trading Price Patterns with JamTheTrader

  • #1
  • First Post: Edited Apr 23, 2010 4:50am Apr 22, 2010 1:31pm | Edited Apr 23, 2010 4:50am
Making money trading doesn't have to be that hard! However, we as educated hard working people always want to make things much harder than they are. In this thread I will post some of my trades, discuss my system and how I add discretion to my system. Please share your experiences as well.

In the first chart you will notice a break of a previous bottom on my 15 Range bar chart, that signaled me to start looking at my 5R for an entry signal to the downside., If the entry signal does not happen and this move is faded back up, then I continue to read the price action bar by bar until the next setup occurs.

The second chart shows my entry price, first exit and news exit. This was good for a little over 35 pips.


Jam The trader
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 5R.PNG Size: 80 KB
Click to Enlarge Name: 15R.PNG Size: 76 KB
  • #2
  • Edited 2:45pm Apr 22, 2010 2:23pm | Edited 2:45pm
Here is a reversal that I took after a trend line break then a confirmation pivot break. At that point I go to my 5R and look for an entry. You can add on all the way up with specific pullbacks



JamTheTrader
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 15R2.PNG Size: 75 KB
Click to Enlarge Name: 5R2.PNG Size: 85 KB
  • #3
  • Apr 23, 2010 12:19am Apr 23, 2010 12:19am
What kind of indicator do you use?
The more experience the closer to the reality
  • #4
  • Apr 23, 2010 2:19am Apr 23, 2010 2:19am
Look very good good good. What about range market? Cen you post indicators?
  • #5
  • Edited 5:47am Apr 23, 2010 4:32am | Edited 5:47am
Triple bottom on the 15R, break of a trend line up, go to 5R and start looking for longs. Be careful of 50% retrace but looking to test the old top at 124.60

Entered on a f-4 pullback.



JamTheTrader
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 15R3.PNG Size: 83 KB
Click to Enlarge Name: 5R3.PNG Size: 82 KB
  • #6
  • Edited 4:48am Apr 23, 2010 4:33am | Edited 4:48am
As soon as I get done trading this morning, I will answer posts. Thanks for understanding.

Jam
  • #7
  • Edited 7:05am Apr 23, 2010 6:49am | Edited 7:05am
Live trade we are in

JamTheTrader
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 15R4.PNG Size: 80 KB
Click to Enlarge Name: 5R4.PNG Size: 76 KB
  • #8
  • Apr 23, 2010 7:06am Apr 23, 2010 7:06am
Half off and close add ons at daily zone update!! We are still in one half of original position


Jam
Attached Image (click to enlarge)
Click to Enlarge Name: 5Rupdate.PNG Size: 77 KB
  • #9
  • Apr 23, 2010 7:13am Apr 23, 2010 7:13am
Still in second half and moving up again, probably close to over, near a 15R double top.

JAM
Attached Image (click to enlarge)
Click to Enlarge Name: 5R update2.PNG Size: 82 KB
  • #10
  • Apr 23, 2010 7:22am Apr 23, 2010 7:22am
Out on ATR close and news in 10 minutes

JamTheTrader
Attached Image (click to enlarge)
Click to Enlarge Name: 5Rout.PNG Size: 76 KB
  • #11
  • Apr 23, 2010 7:28am Apr 23, 2010 7:28am
Another good day. This is a lot of work trying to keep and trade, I will do my best.

Jam
Attached Image (click to enlarge)
Click to Enlarge Name: Account Statement.PNG Size: 46 KB
  • #12
  • Apr 23, 2010 7:47am Apr 23, 2010 7:47am
Quoting JamTheTrader
As soon as I get done trading this morning, I will answer posts. Thanks for understanding.

Jam

Hi Jam,

I would also like to express an interest in your method and am looking forward to more detail.

Regards,
  • #13
  • Apr 23, 2010 7:48am Apr 23, 2010 7:48am
Reversal entry

BTW, anyone every listen to the new Skynyrd album, God and Guns?

Just put it on 15minutes ago to trade with while my son handles the room. It is very good!!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Reversal Short off zones 15R.PNG Size: 76 KB
Click to Enlarge Name: Reversal Short off zones 5R.PNG Size: 78 KB
  • #14
  • Apr 23, 2010 8:13am Apr 23, 2010 8:13am
Still holding
Attached Image (click to enlarge)
Click to Enlarge Name: Tough hold 5R.PNG Size: 78 KB
  • #15
  • Apr 23, 2010 8:18am Apr 23, 2010 8:18am
I do not add on to reversals until a new trend is confirmed in the higher time frame.

Also, while I am in this reversal short, There is a strong possibility that it breaks the triangle up. if that happens, I will exit this and start looking for longs in the original trend direction.


JAM
  • #16
  • Apr 23, 2010 8:24am Apr 23, 2010 8:24am
Out, no longs yet. I may be done for now.
Attached Image (click to enlarge)
Click to Enlarge Name: Out 5R 2nd.PNG Size: 82 KB
  • #17
  • Apr 23, 2010 9:59am Apr 23, 2010 9:59am
It is OK you not answer. Can you draw the stuff to the right side of the chart.
That would be really cool. Anybody can do any analysis on the left side.
I do not mind, maybe your strategy is successful.
Thanks for sharing.
The more experience the closer to the reality
  • #18
  • Apr 23, 2010 10:31am Apr 23, 2010 10:31am
Hi Jam...

Your charts and methodology look really interesting. I hope you will detail what you are doing. I'll stay tuned to see how you go.
  • #19
  • Apr 23, 2010 10:37am Apr 23, 2010 10:37am
Congrats on winning edge.

I noticed your ETD is half your MFE. Usual?
  • #20
  • Apr 23, 2010 10:53am Apr 23, 2010 10:53am
Quoting Ivan
It is OK you not answer. Can you draw the stuff to the right side of the chart.
That would be really cool. Anybody can do any analysis on the left side.
I do not mind, maybe your strategy is successful.
Thanks for sharing.
Go back a page and see some of my results, I trade with 35 people in a room. This is not hind site trading

JAM
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