james16 Chart Thread
EURUSD short trade - stp loss above BEOB, entry 1.2250-60 zone.
another one for kiwi
Hi Meshka,
I was looking at this.
Yet, I'm a bit concerned by the 1.22 RN. To me, this trade would lack some room: I'd rather look at a PBTCB 1.22 before triggering the trade.
Do you mind sharing your opinion on that?
Thanks for your help!
we are still in downtrend, I think we should spike down through 1.2000 to test it clearly... 50 pips at first FTA@ LCS is enough for me to make it a free trade... so why not? this trade is kinda meshka's re-raise after market's small weekly BUOB raise in poker terms LOL...hope market will fold now 
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very good meshka
I spoke about this in my webinar yesterday extensively, your chart is great!
Price inability to close back over 8100 level which is the lower boundary of the previous box (massive lows and closes), for now 4 straight days.
I was also watching closely some lower timeframe that just fit into this story beautifully. I will cut that webinar up maybe and upload here. Been awhile since i did that
Nice charts bud
Mike
I am filled already, lamenting didnt placed my order higher as always LOL ... fat greedy bear.
Last post for your EU trade was a bit like looking for a trade rather than take the opportunity to me...
As you noticed about the clear outside Bullish bar in weekly , the market may well be choppy for shorts covering ( up move) to 1,30 ish before heading south to test this years lows ?
Could it be ? If it could, why not wait for what unfolds ?
Just my two cents worth ...
Cheers
V
I will accept that.
I'm sorry for being such a pain but I have another question about the Jarroos method.
When Price Breaks Through and Closes Above we are considering only a resistance level (an HCR)? I mean, we do not enter long on the PBT&CA a LCS?
From my interpretation (from Chanyas PDF) the rules are:
PBT&CA a HCR -------> enter long on re-test of HCR
PBT&CB a LCS -------> enter short on re-test of LCS
Is this right?
I hope this question makes sense to you fellows.
Thanks in advance.
Greetings fellow traders!
Ok, I think a lot of people have got the wrong idea about what a "Swing Low" is, at least the type of Swing Low or Swing High we are looking for with Jarroo's methodology.
Also, I think you are actually asking not about the Swing Low but the GAP between the Close of Price and the Open of the next candle.
In which case, you put a line on both the close & the open of the next bar.
Hope these charts and brief explanation help clear things up for a few new people.
Actually, Jarroo, J16 & Mike are really all doing the same thing.
Hope this helps.
Thank you very much for this, Pinbar. This is an excelent explanation. I understand it very clearly now! Amazing charts!
Yes, I was asking about the gap! But I was also considering the small movements as swings to get more signals to trade from. That's clearly a rookie mistake (chasing trades). I should know better by now!
I should punch myself in the face everytime I get that easy trigger need!
It's also interesting to observe that simple systems like Jarroo's or James16 can be a lot harder than they seem at first glimpse! Hard...
I think it is programed in our minds to question the simplicity of things and then try and complicate things so that we do not understand them.
Weird but true.
Good luck on your journey.
in no way I recommend to anybody follow me... just posted my thoughts. ... want to express my opinion that move down looks incomplete to me and Daily price behavior makes me look south at the moment, despite that weekly bullish formation. maybe market will laugh at my face in two next days
)
