Trading Price Patterns with JamTheTrader

Stay tuned, I will post another trade that the room took, I am not in this myself and it WILL be after the fact on here. From an educational perspective I can use this to teach a great reversal pattern on here, so hang on, will get it up when trade is over.

Jam

We are half off EURJPY at reversal bar off areas and will trail second half using a trailing stop. (Again I am not in this one myself)

Out second half now

The 15 R chart had a false break out to the downside, that allowed us to go to the 5R and look for reasons such as a pivot high break and pullback with a reversal bar entry long. First half off was a double top reversal bar, second half off was a trailing stop being taken out.

Jam

Hi,

I've been working w/ Jam for a few months. I was a struggling trader before I found his website skimming through another trading platform forum looking for indicators and systems. I struggled w/ his rules and system when I started, but I made it through the learning curve and I have a glimmer of light in my light bulb that gains a few watts everyday. I've never posted a testimonial for anyone else and this is not a compensated endorsement. Jam's methods have turned my trading around. It's the best money I've ever spent - and I've spent a lot - on indicators, systems, courses.... Jam's methods may not be for you, you may not like his style, but if you're looking, at least take him up on his trial and check it out. If you're loosing now, what else do you have to loose? Good luck and good trading.

-Badude

Thanks Badude,

Badude is one of my students that hold a purple belt in my room and is a price action trader, he doesn't really need me too much anymore as he knows the setups well.

He too this trade long in the room.

Jam

My first trade of the morning was based on topping action, a break of a Trendline on the 15R. Then I simply went to my 5R and took a bar pull back with reversal bar entry.

The charts were posted earlier. We are in the choppy time period until 09:30 when I will start looking formore trades. My son handles the room from 0700 to 0930 and he has only had 2 trades, both losses for -16 pips total. so the net on the day so far is 61 pips -16 =45 pips. two winners and two losers

Jam

Here was a great set up with a small loss -8 pips. Great trade great loss

Pivots breaks

Thank you so much for all you do to help me in the signal trading room and education on my own you make me accountable for. You have pounded in my head no blown out accounts and made me sit on my hands and stop over trading. I was always jumping around from room to room trying to find a new way to trade. Now that I have been a member with you I see the benefits of your belt system I am now profitable! Can't thank you enough Jam!

Tradergirl1

It has really slowed down and this is the tough part for new traders that think they always need to be in a trade. Do not trade until the market gives you something to trade!

Jam

EURJPY is in a little chop at a double bottom on the 15R chart, need it to either push down or back up through pivots. Until then on the sidelines

JAM

long

Is your Fib tool showing price projections (1.35 / 1.55)?

1 tick from stopping out then back up.... Whew!

Moved stop to Break even

Here is the 15R showing the Double Bottom, I then went to the 5R and took a setup long. Here is the entry on the 5 as well.

Jam

will be hitting a downward sloping trendline from the 15R around .50, I will exit half at that area if we make it there.

Jam

broke up through a bull flag on the 5R

Half off + 21 pips

still in second half trailing stop