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Trading Price Patterns with JamTheTrader

  • #21
  • Apr 23, 2010 10:54am Apr 23, 2010 10:54am
Quoting ha-pattern
Congrats on winning edge.

I noticed your ETD is half your MFE. Usual?
You must be a system trader and probably have tested and optimized many systems
  • #22
  • Apr 23, 2010 10:55am Apr 23, 2010 10:55am
Quoting ozziedave
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.
I trade very simple price patterns using market structure and a lot of patience. I will continue to add and teach in here for those interested as I can.
JAM
  • #23
  • Apr 23, 2010 10:57am Apr 23, 2010 10:57am
Quoting Ivan
What kind of indicator do you use?
I am not a fan of indicators and use them only for signals after my higher timeframe lines up.

The indicators are, Jackson Zones, Hull Moving Average, Gann Swings paint bar, and a Chandelier Stop.
  • #24
  • Apr 23, 2010 10:59am Apr 23, 2010 10:59am
Quoting mark7
Look very good good good. What about range market? Cen you post indicators?
Jackson Zones, Hull Moving average, Gann Swings paint bar and Chandelier stops
5 Range bars for my small TF and 15 Ranger bars for my direction
  • #25
  • Apr 23, 2010 2:32pm Apr 23, 2010 2:32pm
Hello jam verry intresting may i ask you wath platform you use i like the range bars.

I am now using standard mt4 but i am looking for other platform with datafeed any suggestion?
  • #26
  • Apr 23, 2010 3:38pm Apr 23, 2010 3:38pm
Quoting ingmarforex
Hello jam verry intresting may i ask you wath platform you use i like the range bars.

I am now using standard mt4 but i am looking for other platform with datafeed any suggestion?
I use Fibonacci Trader to chart with and NinjaTrader to trade with, I love the ATM on chart strategies

JAM
  • #27
  • Apr 23, 2010 4:36pm Apr 23, 2010 4:36pm
Quoting JamTheTrader
Jackson Zones, Hull Moving average, Gann Swings paint bar and Chandelier stops
5 Range bars for my small TF and 15 Ranger bars for my direction
Thanke you for the answere. I come waith to grow with you.
I have Ninja trader platform too. i youst download version 7......14 and I found only one indicator Hull Moving average. Can you load Jackon Zones, Gamm Swings pint bar and Candelier stop.

Before I start learning I must have all indicatoes. Please cen you post them?

Youe chart looks grate.

Have nice day
  • #28
  • Apr 24, 2010 4:17am Apr 24, 2010 4:17am
Quoting mark7
Thanke you for the answere. I come waith to grow with you.
I have Ninja trader platform too. i youst download version 7......14 and I found only one indicator Hull Moving average. Can you load Jackon Zones, Gamm Swings pint bar and Candelier stop.

Before I start learning I must have all indicatoes. Please cen you post them?

Youe chart looks grate.

Have nice day
Mark,
These are all available on Fibonacci trader which is my preferred charting platform. I use Ninja to trade with only.

Jam
  • #29
  • Apr 24, 2010 4:20am Apr 24, 2010 4:20am
will you explane your price action setup?
  • #30
  • Apr 24, 2010 4:34am Apr 24, 2010 4:34am
Pre market and price action webinar!

http://www.screencast.com/t/YWZiMGIyNWI

Enjoy,

Jam
  • #31
  • Apr 24, 2010 11:00am Apr 24, 2010 11:00am
I first posted this under the rookie section due to being new here and not having access to this area for posting. I am moving this discussion over here as this is where it belongs.

My system,

1. I trade the market not indicators!! If the indicators are signaling a
trade, but the market structure is not there then I leave it alone period.
I don't need to catch every trade.
2. I watch a higher time frame to see if there is a trend or sideways action
3. When my higher time frame gives me clear direction or reversal, I then go to
my smaller time frame and look for a signal to enter.
4. I enter in multiples of 2 or 3 and take partial profits at areas then trail my
last contract with an ATR or Chandelier stop.
5. I take very small losses and never get upset about my losses, they are a
part of this business and should be considered a business expense.
  • #32
  • Apr 24, 2010 11:03am Apr 24, 2010 11:03am
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: 15R.PNG Size: 76 KB
Click to Enlarge Name: 5R.PNG Size: 80 KB
  • #33
  • Apr 24, 2010 11:04am Apr 24, 2010 11:04am
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
  • #34
  • Apr 24, 2010 11:06am Apr 24, 2010 11:06am
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
  • #35
  • Apr 24, 2010 11:06am Apr 24, 2010 11:06am
Another trade

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
  • #36
  • Apr 24, 2010 11:09am Apr 24, 2010 11:09am
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
  • #37
  • Apr 24, 2010 11:10am Apr 24, 2010 11:10am
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
  • #38
  • Apr 24, 2010 11:11am Apr 24, 2010 11:11am
Out on ATR close and news in 10 minutes
Attached Image (click to enlarge)
Click to Enlarge Name: 5Rout.PNG Size: 76 KB
  • #39
  • Apr 24, 2010 11:13am Apr 24, 2010 11:13am
Reversal entry

Jam
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
  • #40
  • Apr 24, 2010 11:15am Apr 24, 2010 11:15am
Still holding
Attached Image (click to enlarge)
Click to Enlarge Name: Tough hold 5R.PNG Size: 78 KB
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