Another losing trade. Breakout + pullback to HCR/PPZ and went long.
Moment to stop for a while, back to demo and post 1.
Moment to stop for a while, back to demo and post 1.
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedAnother losing trade. Breakout + pullback to HCR/PPZ and went long.
Moment to stop for a while, back to demo and post 1.Ignored
DislikedWell I decided to sign up to the paid forum last night. Will see if that helps turn my trading around. Will try to continue posting here although my posts are not really helpful to anyone. Mainly if I need some advice from other profitable traders.
DanIgnored
DislikedHi mate, I was just wondering how long you have been trading Jarroo's method and how have you found it so far. Clearly your not trading profitably (just like me) was just wondering how many trades you have taken in the past month or 2 .. how many have been winners/lossers ?
Thanks
DanIgnored
DislikedAnother losing trade. Breakout + pullback to HCR/PPZ and went long.
Moment to stop for a while, back to demo and post 1.Ignored
DislikedHey Thierry,
here are some notes that could help you i think :
1 - You want to trade the transition R to S - Very good
2 - You spot a PPZ - Right on!
So far so good, what did messed up?
1 - It's a good idea to let some space for you trade to breathe. This means to put your stop below the breakout bar, or below recent ppz or something. It is a thing that you should test for yourself, but i think you will find very very useful
2 - There is a thing called "false breakout". What means is that above a resistance level (or below support) they...Ignored
DislikedThanks for your points. I know the SL would be under the bar or ppz, i place it under the PPZ. It really looks this was a false breakout and i am eaten by the big players.
I need to learn how to avoid/have less trades where i am food for the big players. Maybe i need to wait some bars for more confirmation.
I know about the divergenceIgnored
DislikedWelcome erublycuris
Good spot as Mike said. He told it pretty clear already and I am watching for the same as he is. Nevertheless if you want to hunt for a bounce up, it's a MUST (for me at least) to wait for a bar that protrudes lower than the last swing.
Even if it was, be careful to carry further the FTA.
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DislikedHere is another failed trade of mine..
was looking for HCR to hold, went long. price shot back down and stopped me out - 1hr signiture
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Dislikedbut dan it was runing straight to a supply area so why goin long and that was expectedIgnored
DislikedIm not sure what you mean by supply area and how you persoanlly define them .. im using Jarroo's method. HCR/LCS levelsIgnored
DislikedHi Rust,
Do you think the the current bar on audjpy fulfils this criteria? It's lower than the previous swing, and as it stands at the moment will close above ( I know there are 4 hours to go but just for example).
Any comments appreciated
Cheers
BryanIgnored
DislikedHi Rust,
Do you think the the current bar on audjpy fulfils this criteria? It's lower than the previous swing, and as it stands at the moment will close above ( I know there are 4 hours to go but just for example).
Any comments appreciated
Cheers
BryanIgnored
DislikedBTW Bryan, after my previous post, can you see a good idea how we can exploit the current situation ?
How we can use this area (very strong as it seems) if it's not a good idea to buy it ?Ignored
DislikedI'm guessing that if support is going to become resistance, then we would then be looking to sell resistance? Would we then look for a close below to confirm? And then a possible pullback with some bearish PA?
Also thanks for the informed considered feedback, much appreciatedIgnored
DislikedHey Bryan
You are doing well looking at this area, it's a strong area. We would want to see a much larger tail as well as a very strong close ABOVE the BRN of 80 which lies just above. Otherwise we could be seeing the support turning into resistance. I am watching this area as well but like to be more picky with my PA bars
As an aside from the above comments, again those struggling should be going back to the basics that James teaches. great bars, great locations. I see those struggling trying to do a lot more then is needed to get your feet...Ignored