James16

[fxozgirl]

EURCAD - DBLHC

Buy trade would have been taken at 1.30875, price moved + 390 pips
FIBS: Price didn't retrace to a fib, so no trade would have been taken

eurcad_dblhc001.gif

[fxozgirl]

GBPAUD - BOVB

Sell trade would have been taken at 1.47275, price moved +65 pips
FIBS: Trade would have been taken on retrace to 61.8 fib, price moved +102 pips

gbpaud_bovb001.gif

[fxozgirl]

GBPCAD - BOVB & DBLHC

There are 2 trade setups on this chart, first trade BOVB...

Sell trade taken at 1.57272, price moved +98 pips
FIBS: price didn't retrace to the fib, so no trade would have been taken

2nd trade DBLHC...

Buy trade taken at 1.56984, price moved + 197 pips
FIBS: price didn't retrace back to the fib, so no trade taken

gbpcad_bovb&dblhc001.gif

[fxozgirl]

GBPNZD - DBLHC

Potential trade set up...looking to take a buy trade at open of new candle

gbpnzd_dblhc001.gif

[Panamamike]

Fxozgirl, may I ask what you are using for exits? Are you using a certain type of trailer or target?

[fxozgirl]

Fxozgirl, may I ask what you are using for exits? Are you using a certain type of trailer or target?

Mike, I don't really have a formalised exit strategy as such just yet, but really just wanting to watch the trades for now...

With that being said, I have taken to attaching mptm, using BE +5 at 30 pips and jumping stop 20
so I can see how that goes with capturing profit.
As for stop loss, I'm not setting one at this point in time

[fxozgirl]

GBPNZD - DBLHC

Potential trade set up...looking to take a buy trade at open of new candle

I didn't get a chance to check the chart for this trade, but just checked now and a buy trade would have been successful with price moving up around 400 pips.

gbpnzd_dblhc001_tradetaken.gif

[fxozgirl]

GBPUSD - DBHLC

I took this trade manually on my demo...used mptm to manage trade BE+5 at 30 pips & JS 20

Took +40 pips

gbpusd_dbhlc001.gif

[fxozgirl]

Pin Bars

Below is the first chart and notes J16 posted about Pin Bars. The way J16 trades the Pin Bar in these examples are as trend reversal trades. (Make sure you read the explanation James has put on the chart)

pinbars_james16_example.jpg

pinbars_james16_example001.jpg

pinbars_james16_example002.jpg

I will also post some current charts from my own demo to further help with the visualisation of a Pin Bar set up according to James

[fxozgirl]

Here are a few charts where I have spotted Pin Bars that appear to fit James16 rules

USDJPY
SELL - Looking at the candle before and after the pin, we have a protrusion out of traffic with the close of the first candle and the open of the 3rd candle in close proximity to the open/close of the pin bar. The 3rd candle only just took out the close of the pinbar. Sell trade taken at the open of the next candle.

usdjpy_pin001.gif

AUDNZD
Sell

audnzd_pinbar001.gif

AUDCHF
Sell - 3 potential trades on this chart, all sells, all would have been profitable

audchf_pinbar001.gif

GBPAUD
Buy

gbpaud_pinbar001.gif

GBPCAD
Buy

gbpcad_pinbar001.gif

GBPNZD
Buy & Sell - 2 trades

gbpnzd_pinbar001.gif