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- jarroo replied Jun 24, 2013
Strong level of Resistance, Giovanni. Weekly and Daily HCR level with a Weekly 150 ema confluence. Notice where the two Daily Highs of the Day hit. .not a coincidence . . Jim
- jarroo replied Jun 24, 2013
Hey G. . Just to add to your reasons why this 4 hour PB lacked a momentum break . . it was sitting on a Strong Daily LCS level. If that 4 Hour PB had a strong Close Below that Daily LCS (and your trend line), we could have had decent move down. I ...
- jarroo replied Jun 18, 2013
I'm sure that's part of it Steve but I believe Price is more reactive to the near term levels that are in Space. . Jim
- jarroo replied Jun 18, 2013
I've been looking at this past Consolidation on the AudNzd . .bottom LCS levels on the Weekly and Daily . . the open Space between them and current price give them strength again. . .no surprise how current Price is reacting to them . .nice lower TF ...
- jarroo replied Jun 18, 2013
Looks like its working out . .hitting some FTAs . .Nothing wrong with taking a valid SFP just as long as your expectations are to the targets (FTAs). Price starts closing below our targets/FTAs is a great way to manage the trade. Jim
- jarroo replied Jun 18, 2013
Cool Steve . .I'm glad its helpful . . I like these trendline confluences in green . .
- jarroo replied Jun 18, 2013
Thanks jon . .Pick the nose of that PB . Bam Baby!! . . . .lol . Jim
- jarroo replied Jun 18, 2013
Looks valid to me joe and could work out nicely . .. .but that higher Swing point looks better . .
- jarroo replied Jun 18, 2013
You're on a roll, Steve . . . . The levels look a bit crowded but when given a bit of Space they do tend to be reactive again . . Jim
- jarroo replied Jun 18, 2013
Nice one on the UsdChf, Steve . .looks like you caught some Highs of the Day . . Jim
- jarroo replied Jun 18, 2013
"Signatures" are how I define how Price reacts to Support and Resistance levels . .usually on a lower TF . . If Price cannot Close Below a certain level it is defined as a Support level . .if Price cannot Close Above a certain level it is defined as ...
- jarroo replied Jun 18, 2013
Hey Dennis . . Let me start out by saying that understanding James16's PPZ levels was the base for me in finding HCR/LCS levels. . Price Pivot Zones (PPZ) are where Support and Resistance levels meet . .usually these are the Highs and Lows of Price. ...
- jarroo replied Jun 18, 2013
Thanks jon ..just following the Close of Price as they relate to HCR/LCS levels . . Did you notice that when PBT&CA the HCR levels . .it failed as Support on its retrace . .and then returned to Resistance . . Hope my chart makes sense . . Jim
- jarroo replied Jun 12, 2013
Oh, sorry about that Libria . . Yes we can see how great Price reacted on the initial PBT&CA of the Daily and Weekly HCR levels . .very nice transition from Resistance to Support. Now this Support level is looking weak . . . .lower TF bullish ...
- jarroo replied Jun 12, 2013
Just simple S/R, my friend . .Resistance turning into Support . . to call it anything else would make in complicated . . Signatures are just a way of confirming the Support level in the case of the Audusd. The Signature confirmation can be on ...
- jarroo replied Jun 12, 2013
Targets, my friend . .take them . . . Very nice trade, meshka. Jim
- jarroo replied Jun 12, 2013
Hey Joe . .looks like we picked the High of the Day on the UsdJpy.. . ..96.95. I still would have liked to have seen a stronger Close Below that Trend line . . Nice one Joe . . Jim
- jarroo replied Jun 11, 2013
Yeah Steve that's why I liked it so much . . .but Price when for the lower Weekly HCR level, .9327. .that's where the Low of the Day formed . . Daily Bullish SFP brings a bullish bias for this pair for me . . Jim
- jarroo replied Jun 11, 2013
I like it meshka . . nice Space down there . . A couple of LCS levels that may gives us a head start downward . . Jim
- jarroo replied Jun 11, 2013
I don't know about a short meshka . .after the big BEOB it when straight up . . ..I believe its itching to Close above it . .