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James16 got a large following there regarding the type of strategies or the combination of forex trading strategies he uses there. Click Here. For example, he just:. He appears to be a person who does not really have a knack of explaining his trading strategies in a clear-easy-to-understand manner for newbie forex traders. Even Advanced forex traders will take some time to understand the forex trading strategies in james16 posts.
The way to understand a trading strategy properly is to write it in a structure similar to the forex trading strategies that are on this site :. However, if you are lazy and just want to get to the meat of the forex trading strategies that james16 uses then keep reading.
If you are a new forex trader, you will find this a bit too much, you have to read a handful of times to fully absorb all the information. James16 tends to prefer trading the daily and the weekly charts. James16 says that larger timeframes have more probability of success compared to trading in smaller timeframes. I would agree with him on this. What this means for you reading this is this: you will have less, it may mean one or 2 trades a week.
If you are forex trader that like frequent trading, this will really test your patience seriously! Pin Bars Are Amazing! Especially when they form around areas of confluence fib, pivots, support and resistance levels. You have to trade the pin bar in the opposite direction the spiky tail also known as the shadow is pointing.
So, a bullish rejection pin bar is one that rejects lower prices and thus tips off to take a long position or buy the market, while a bearish rejection pin bar is one that rejects higher prices and thus tips us off to take a short position or sell the market. Trading the pin bar strategy on higher time frame charts like the 4 hour and daily time frame, is a much higher probability way to trade them than trading them on the 5 minute or other low time frame charts.
You want to trade pin bars that form at swing lows in an uptrend or at swing highs in a downtrend. You can also watch major EMAs exponential moving averages for pin bar setups. The main EMAs that you can use are:. This fact makes it one of the most versatile forex trading strategies out there. So there you have it, now that you know some solid facts about Forex pin bar trading, why not you try it in your forex demo account.
Focus on trading pins bars in trending markets first as this gives more high probability of success. Yes, James16 also uses moving averages as well as support and resistance levels in order to see the big picture. The simple averages he uses are the 21, 79 and The Exponential MA is He also uses a Keltner Channel with 8, 1. I hope this post has clarified some of the confusion surrounding the james16 forex trading strategies and methods. Thank you! Excellent post! So simple and clear to refer to.
Now when this theory is learned, the real work of implementing it begins. Thanks for the great info. Did you figure out the exits. I have no idea if he trails or scales out. Any info would be appreciated. But if anybody seeing this has any idea how James16 exits his trade, could you please use the contact form and send me the info and I can post or submit a comment.
Thanks for such an clear and precise post. It was a real pleasure to read it, very well done! James16 is just another scammer. Just another con artist looking for suckers to take the bait. Maybe you know something or have dealt with James before to say what you said. It would be good to shed some light into your experiences rather than painting a blanket statement saying James16 is another scammer???
Name required. Mail will not be published required. But for now, this is my interpretation of James16 Forex Trading Strategies and Methods He appears to be a person who does not really have a knack of explaining his trading strategies in a clear-easy-to-understand manner for newbie forex traders. The way to understand a trading strategy properly is to write it in a structure similar to the forex trading strategies that are on this site : explain and give an overview of what the trading strategy is all about.
In short, I am going to simplify the forex trading strategies james16 uses. For forex scalpers, or intraday traders, these forex strategies are not for you. He does this buy using Price Action Around Areas of Support, Resistance, Fibonacci Levels etc… His trade entries are based on a bars reversal candlestick patterns clustered near points of confluence.
Must be within 2 pips of each other. If the high or low is broken, it means the resumption of the current trend. See chart below. Trading this pattern is pretty straight forward: you can buy at market order as soon as 2nd bar closes or place a pending buy stop order just pips above the high of the 2nd candlestick.
Place you stop loss pips below the low of the 2nd candlestick in the pattern. Trading this pattern is pretty straight forward: you can sell at market order as soon as 2nd bar closes or place a pending sell stop order just pips below the low of the 2nd candlestick. Place you stop loss pips above the high of the 2nd candlestick in the pattern. However, it takes a skilled and discerning eye to find high-probability pin bar setups that are worth risking your hard-earned money on.
Thus, you will need to learn what a valid pin bar setup looks like, as well as when and how to trade them. Pin Bar Fact 2: You have to trade the pin bar in the opposite direction the spiky tail also known as the shadow is pointing. Pin Bar Fact 3: Trading the pin bar strategy on higher time frame charts like the 4 hour and daily time frame, is a much higher probability way to trade them than trading them on the 5 minute or other low time frame charts.
Later on as you gain confidence, you can try trading on range bound markets. What is the purpose of the moving averages? I most likely think he uses moving averages for: trend direction and understanding the big picture. Posted in Complex Swing Strategies. Elmer says:. May 29, at pm. Clyde didier says:. July 22, at am. Mangi Madang says:. August 10, at pm. August 6, at am. Sam says:. August 17, at pm. August 18, at am. Jack McMillan says:. August 25, at pm. James Follower says:. November 22, at pm.
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james16 Chart Thread
What Timeframe James16 Uses? Forex Indicators: simple moving averages 21, 79 and EMA He uses them for dynamic support and resistance levels.
James16 Forex Trading Strategies
Attachments: james16 Chart Thread. Exit Attachments. Commercial Member Joined Feb 2, Posts. I have something to leave with you. If it means nothing to you that's perfectly fine not a thing wrong with that.
AWESOME! Finally James16 Forex Trading Strategies Are Simplified
For the newer people out there. For the newer people out there, let me introduce myself. I am clockwork71 Chris , a Senior Member of the James16 group. In a nutshell, it means I have joined the group, understand the material, and was given my own forum in the private area. I make videos, etc. Think of me as middle management!
You can See that I was stopped out one time where I got a false long signal. But it was a very small pin bar so I am not sure if I need at all to treat it as a pin bar. In addition, because the pin bar was small, it was a lose of 38 pips only. It works well here as well. Would you think we could do something similar with this? The entry point being the most risky point so perhaps something like.