DislikedIsn't SFP method and Jarroo's method going to contradict in many cases?I don't have a chart to give an example, but imagine the following case: We have a major swing and price approaches those high levels again.Price goes past the previous swing high but closes back below, thus creating an SFP setup giving us a short opportunity.However price close above the previous HCR level as well, which makes us (if we follow Jarroo's method) look for a long position. I don't know if you can understand this without a specific chart.In a case like this what...Ignored
Many times I would be scratching my heading wondering why a setup as you described, dervel, didn't work out initially. I just chalked it up to my HCR/LCS levels can be traded in either direction. . .and they can be when they are at the proper location and confluenced.
Then I realized that there was a bigger story going on here . . enter the SFP . . thanks to The Wizard, Tom.
See this post on the EurNzd . .I give a few more examples
DislikedI hear you, g. Take this example on the EurNzd . .PBT&CB a nice LCS level in Consolidation . . wow, when Price ret. once PBT&CB the LCS it really didn't act as Resistance . .I wonder why?? (chart 1) That's why . . bullish SFPs were heading at me . .lol (chart 2) {image} {image}Ignored
Jim
Indicators show the past. Price Action "Indicates" the future.