《james16外汇交易法》.pdf

Trading System Trading Platform James uses Tradestation, but as most of the tools he uses are common trading tools, you can use any charting platform such as Metatrader. Markets James’s methods can be used to trade most forex markets. On the forums the examples of trades are diverse and include, but are not limited to, markets such as GBP/USD, USD/CHF, NZD/JPY, EUR/JPY, etc. Time Frames Jamesadvises thatyou shouldtradedailyorweekly charts.However,many of the readers on the James16 thread prefer to trade the 4 hour or 1hour chartas itprovides themwithmore frequenttradingopportunities.James cautions against this as the entry patterns are more reliable on higher time frames. Entries James focusses primarily on buying the dip in trends (James does not deliberately trade against the trend as he believes the quality of entry ispoorer). Jamesuses price action (PA)around significantprices on the chart to find his entry points. These entry are based on a combination of3 –4barbasedreversalpatternsclusterednearpointsofconfluence. The bar based patterns used for setups include:  Inside bars  Pin bars (PB)  Bullish outside vertical bars (BUOVB)  Bearish outside vertical bars (BEOVB)  Twobarmatching lowswith secondbarmaking ahigher close (DBHLC)  Two bar matching highs with second bar making a lower close OfthesesetupsthePinbaror “PinocchioBar”isbyfarthemostcommonly employed entrymethod. The pinbar iseffectivea swinghigh or swing low. A good pin bar has a long nose (anda long nose relative to the open/close/low); a nose protruding a longway from the prices around it (it ‘sticks out’) and the open / close both near one end of the bar. Once we see this bar setup we look for areas of “confluence”which is where two or more of the following are at/around the bar setup:  Expontential moving averages (thereare many but the 150 and 365 are very popular)  Fibonacci levels  Support/Resistance pivots