Price Action trading system of 4 high probability models of James16

This post is trading system Price Action by James16 – 1 system Price Action extremely old on Forex Factory. This system consists of 4 models Price Action high probability

The system is aggregated from many individual articles of James16, incorporating a complete system.

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4 models of James16 will be applied to trade on D1 or higher frames. Because James believes that large time frames will eliminate noise, suitable for trade Price action.

Pair of money & market: unlimited forex currency pair, applicable with gold & other goods

Indicator: SMA 21, 79 and 365. Purpose to identify the support resistance important

Method on James16’s command: In the uptrend, buy when the price pullback goes down to the regions support (line sma, fibonacci, etc.). In the downtrend, sell when prices pullback up regions resistance. Support resistance The more confluence the better

James will enter the command when the price forms 1 of the 4 models below in the regions support resistance:

Model 1: Double Bar

Sail Double Bar Low Higher Close (bullish) and Double Bar High Lower Close (bearish)

The Double bar bullish model consists of 2 candle bars with nearly the same bottom (less than 2 ways pip), in which candle 2 closes higher than the top of candle 1. I will buy after the price completes the model

The Double bar bearish model consists of 2 candles with nearly equal peaks (less than 2 ways pip), candle 2 closes lower than the bottom of the candle 1. I will sell when candle 2 is closed

Model 2: Two Matching Highs/Lows

The two matching highs model consists of 2 rising candles with equal or nearly equal peaks. This is a bearish model, I will sell when candle 2 is closed (in a downtrend or after a long rising wave)

Two Matching Lows consists of 2 reduced candles with equal or nearly equal bottom. This is a bullish model, I will buy when candle 2 is closed (in the uptrend or after a long wave of decline)

Model 3: Bearish/Bullish Outside Vertical Bar

The bearish outside vertical bar model is a model of 2 candles: candle 1 is a rising candle, candle 2 is a reduced candle with the following characteristics:

• have a lower bottom than the bottom of the candle 1
• have a higher peak than the top of the candle 1
• have a lower closing price than a candle closing price 1

I will sell after the model is formed

Bullish outside vertical bar also includes 2 candles: candle 1 is a reduced candle, candle 2 is a rising candle with the following properties

• have a higher peak than the top of the candle 1
• have a lower bottom than the bottom of the candle 1
• have a higher closing price than a candle closing price 1

Buy after the model is completed.

Model 4: Pin Bar

This model is familiar already. Pin Bar Only 1 single candle: small body, long candle ball, body located on 1 side of the candle. Is the bullish or bearish reversal pattern in the direction of the stern

Principle of trading the above models: point to the command after the model is completed (closed). Place the buy stop command above / sell stop below the signal candle 2 pip. Stop the hole at the top / bottom of the model