Jason_Stapleton
Short

USDJPY bearish 3 Bar Reversal

FX:USDJPY   U.S. Dollar/Japanese Yen
If you don't already know these basic candle patterns it's worth learning them. I have been thinking about doing a short training series on these and potentially doing some simple indicators to identify theses setups.

If you'd be interested in learning about these setups hit the "Like" button.

In order for this pattern to be a valid sell the three green candles must be contained within the range of the large Red candle. One more day to go.
hioctane16
2 years ago
Yes that would be great Jason :)
+2 Reply
Comment removed
khmamed Jason_Stapleton
2 years ago
i already short this pair target 101.13 thank you jason i like very much your video o youtube about fibo its helped me very much thnk you
Reply
JeffPohlmeyer Jason_Stapleton
2 years ago
An introduction to this sort of thought might be a decent PCG topic if Darren's email still applies. This is very interesting.
Reply
hioctane16 Jason_Stapleton
2 years ago
Ok cool I'm in :D
Reply
arfyyy Jason_Stapleton
2 years ago
Would be great :)
Reply
Annabird7 Jason_Stapleton
2 years ago
That would be awesome and I would be interested in the series.
Reply
toysourc PRO Jason_Stapleton
2 years ago
As always a great educator. Thanks again Jason.
Reply
tntsunrise TOP Jason_Stapleton
2 years ago
Will be so nice for you to put this candle training online! i want register
Reply
jemi_alajmi
2 years ago
thank you for your hard job
Reply
Jason_Stapleton PRO jemi_alajmi
2 years ago
You are very welcome
Reply
TradersClassroom
2 years ago
Jasons free content is much better quality than 99% of everyone else's paid content. This guy knows his stuff
+4 Reply
Jason_Stapleton PRO TradersClassroom
2 years ago
Thanks!
Reply
Annabird7 TradersClassroom
2 years ago
I totally agree!
Reply
Wiseborn2 TradersClassroom
2 years ago
well said,that thought has been going through ma mind everytime i watch his videos.thanks jason and your crew
Reply
LUCKYMUNDA67
2 years ago
Thanks Jayson, it is a wonderful idea! Keep up the good work. God bless!
Reply
angrybear168
2 years ago
jason does this look possible ?
snapshot
+1 Reply
Jason_Stapleton PRO angrybear168
2 years ago
Anything is possible but that is not the correct way to draw that pattern.
Reply
JeffPohlmeyer angrybear168
2 years ago
I know I'm not Jason but I would think the XA leg starts at the 101.79-ish mark instead of where you've labeled it.
Reply
pavan15589 angrybear168
2 years ago
Take the larger leg for XA... The cypher doesn't hold here cos these ratios are wrong and you are missing out the larger bear Bat....
Check it out.... And of course there's a bracketed trade with intermediate bull Gartley
USDJPY - The big picture....
Reply
OwenMcneill angrybear168
2 years ago
Using that XA, looks like a deep Gartley completing at the 127 of AB.
Reply
benayaadhi
2 years ago
jason, could this be possible? i saw this bearish bat,cypher,deepcrab. and when i see the line it will confirmed if price could go more up. is there any advice? thanks
snapshot
Reply
Sam0101
2 years ago
Hi jason, i had just followed u on empowered and saw one of videos about the kiwi. Its was awesome to watch. And what ur thoughts on NZD/USD for now ? Thanks
+1 Reply
Schoem
2 years ago
The top of the 3-bar pattern range (ie. the top of the red bar) also coincides perfectly with the monthly pivot line. (If that's something that you personally take into account, that is)
Reply
AJ47
2 years ago
Yes sir. Thank you. Educate me please.
Reply
pavan15589
2 years ago
Hello Jason..!!
A small question....
When taking trades on multiple pairs, do you check for currency correlation for any conflicting patterns between different pairs....?
Reply
sarito
2 years ago
That would be much appreciated Jason, as is all the fabulous education material you so generously share. I am wondering however, why I receive these notifications numerous times, when once would be great.
Reply
Tontsake
2 years ago
Hi Jason!
If i remember right, on one of your videos "somebody asked something" about candlesticks confirmations and you answered that you don't really use candlestick patterns in your trading. Do you? I don't think that candle patterns are necessary in your trading style but I would love to see most important candlestick patterns broken down and explaned by your unique teaching style.
Reply
Sam0101
2 years ago
Hi Jason, is this still valid?
Reply
Prits187 PRO
2 years ago
what should the stop loss b on J?

im trying to recover from eurusd buy trade i hanged onto for too long

thank you
Reply
Jason_Stapleton PRO Prits187
2 years ago
I'd be above 101.60 at least.
Reply
Veneforex
2 years ago
Still waiting for sell signals.
Reply
PeterChow
2 years ago
That's an awesome idea Jason. Thanks in advance and looking forward to that!
Reply
PeterChow
2 years ago
That would be just awesome, Jason. Looking forward to that!
Reply
Toutatis_4179
2 years ago
This chart failed also. What a joke. lol...
Reply
pavan15589 Toutatis_4179
2 years ago
Japan's exports were down (the news) and obviously USD will gain over Yen....
Technical and fundamental are two different aspects...Which often disagree with each other.... And technically it did retrace a 38% making around 60 pips....
What a joke to see your comment here....
-1 Reply
Toutatis_4179 pavan15589
2 years ago
Whatever...
Reply
Toutatis_4179 pavan15589
2 years ago
Well, yea, there is a reason for this failure. The excuses you made for Jason totally make sense. What I was amazed to observe was he failed for every of his recent charts, hence my comment. I wouldn't laugh at him for this single failed chart. What I found entertaining was that this so-called mentor fails much more frequently than he succeeds.
Reply
angrybear168 Toutatis_4179
2 years ago
failure of chart set ups happens alot even with the best traders, but there is a difference between set ups and actual trades, if you go back to check jasons recent post, some trade set ups did not even trigger his long or short limit orders. so even if they fail it does not affect his P/L. we post potential set ups as predictive roadmaps, they can often fail but as long as it did not trigger the trade, it shouldn't be considered an actual failure.
-1 Reply
Toutatis_4179 angrybear168
2 years ago
Yes, "failure of chart set ups happen a lot even with the best traders", but not as much as with Jason. My point is: for those trade setups that got triggered, he ended up being stopped out more often than taking profit. Given the success rate and risk reward ratio of all his posts, you would have lost money if you had traded his setup, which suggests that he is not a successful trader at all, then it is a joke that he still teaches others AT A CHARGE.
+2 Reply
angrybear168 Toutatis_4179
2 years ago
if you think its a joke then post a better one lets see how you do it
Reply
Toutatis_4179 angrybear168
2 years ago
I did not say I can do better than him. Yet that is not a reason to stop me criticizing Jason.
Reply
Toutatis_4179 Toutatis_4179
2 years ago
I cannot do it, and I do not teach. Someone cannot do not, but he teaches. That's why I laughed at him. I do not mean to be mean to people who cannot do it. I just cannot stand by to see people who cannot do it teaching others to do it.
Reply
angrybear168 Toutatis_4179
2 years ago
first of all if someone (doesnt matter he is a teacher or not) can nail every trade set up, then he is not human. btw the reason people calling you out is because you did not give any constructive criticism, you just bashed his trade set up as a joke and failure.
-1 Reply
pavan15589 Toutatis_4179
2 years ago
Okay...There was his a forex preview on his youtube page, I think it was one of his very first, which I saw very long time ago....He was stopped out on two and hit both the targets on the other two....He ended up with over 60 pips just for the morning.... The one that stopped out were peanuts... I am sure you have them in your hand right now, loads of em'....

I pity people who don't make a difference to others....I for sure know, Jason has done his part, he's made a difference to a lot of people....Doesn't matter what you say...
+1 Reply
toysourc PRO Toutatis_4179
2 years ago
Don't forget that most of the money made in trading is through the winners and money management. One can lose a large percentage of trades (say 50%) and still be very successful if loss are limited and winners allowed to run. It is a lot like Babe Ruth in hitting home runs. He struck out more than anyone at the time, but what he is remembered for is he also had more home runs than anyone else. Not trying is the failure not trying and failing in a trade. We all lose a lot in terms of trade fails, but if we manage it right we still win. Hope that helps. In addition, as a community this is about listening to others and seeing what works for one another. Some people will be drawn to different types of trading and mentors and that is ok. Why does proving someone wrong become such a challenge? If a certain strategy/system/mentor doesn't work for you then don't follow them and find someone else. Any one posting a failure does not make them a failure, the market makes us all failures plenty no need to make a big deal out of that. Just some thoughts from this old guy from Texas. :)
+1 Reply
Toutatis_4179 toysourc
2 years ago
One can lose a large percentage of trades (say 50%) and still be very successful if loss are limited and winners allowed to run. - That's true, but show me how you can do this by following Jason's setups.

We all lose a lot in terms of trade fails, but if we manage it right we still win. - Then he should teach you how to mange it right, rather than providing you with setups of low success rate.

Some people will be drawn to different types of trading and mentors and that is ok. - I presume "different" does not mean "losing"...

strategy/system/mentor doesn't work for you then don't follow them and find someone else. - I also want to let others know that it does not work for me. I don't think that's totally desctructive.

Just some thoughts from this old guy from Texas. :) - I appreciate your thoughts anyway.
+1 Reply
pavan15589 Toutatis_4179
2 years ago
Dude...!! Get a life...
-1 Reply
angrybear168 Toutatis_4179
2 years ago
if this system or analysis method does not suit you then just ignore it, no need to called it a JOKE or failure because harmonics actually works for many people including myself. And also if you are just blindly folllowing his trade set ups without your own dd then that is your own problem for losing, the trade set ups posted here are only an idea he does not give entry exit or stop so you do not know what the actual trade orders are. ideas shared by others has to match with my own analysis before I take any actual trade. blindly following others even that person is paul tudor jones will get you no where. just a thought from a young guy from cali.
+1 Reply
Toutatis_4179 angrybear168
2 years ago
Wow, thanks for the thoughts. It's very educational.
-1 Reply
angrybear168 Toutatis_4179
2 years ago
no problem, I'm just glad Jason is sharing his ideas here free of charge despite the fact that he is also running a paid service at the same time. putting his rep on the line is very respectable because in this business transparency is rare to come by.
+1 Reply
Toutatis_4179 angrybear168
2 years ago
yea, and his defenders are sharing their ideas such as one can lose a large percentage of trades and still be very successful, free of charge.
-1 Reply
Toutatis_4179 Toutatis_4179
2 years ago
despite the fact that this large percentage for Jason means VERY large as per his entire chart history in Tradingview.
Reply
angrybear168 Toutatis_4179
2 years ago
I dont agree with that idea(losing more can still lead to gain) completely but that is whole other discussion
Reply
Toutatis_4179 angrybear168
2 years ago
I am glad we share the same idea regarding this topic.
Reply
Jason_Stapleton PRO Toutatis_4179
2 years ago
One can lose large percentages of trades and still make money. The clearest evidence of this was Richard Dennis and the Turtle Program of the 1980's. The system they traded was right only about 30% of the time. Yet the group averaged 80% returns a year.
+3 Reply
pavan15589 toysourc
2 years ago
Wished you had posted this three days back....Woulda saved a lot of us a lot of time used refuting these guys....:-D
Reply
Comment removed
aaron.sharp.3998 Jason_Stapleton
2 years ago
Jason, most of us really appreciate all you do. I certainly do. Thanks for the time you took to teach us something.
+3 Reply
lancecarr Jason_Stapleton
2 years ago
Hehe! You are supposed to be on holidays!
Reply
pavan15589 Jason_Stapleton
2 years ago
I love what you do for your members and for other people, taking time out to record videos and stuff... It isn't a joke to setup a studio and record free educational videos for people like me who do not yet have the privilege to sign up for lessons and signal services.... And I thank you for that....
Hope these comments did not discourage you from sharing your knowledge here further.... Please keep sharing....
+1 Reply
dagmah
2 years ago
snapshot
Reply
dagmah
2 years ago
snapshot
Reply
eXcess0070 dagmah
2 years ago
hey dude a question, are you drawing the pattern in the RSI ???? xD that looks awesome... ( funny but awesome ) xD
Reply
Sounds good, would like to see what other indicators you use to confirm this. Thx!
Reply
theantonization
2 years ago
wonderful work
Reply
ersoytoptas PRO theantonization
a year ago
good !!!
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out