Dislikedmhhh, i would`n take this one...see the FTA is right ahead, its making higher highs on daily and the pin its just a tiny one, just be careful with that oneIgnored
i would to go short in this area first: PPZ and Weekly TL
Where can I learn more about Price Action like those in James16 charts? 9 replies
Dislikedmhhh, i would`n take this one...see the FTA is right ahead, its making higher highs on daily and the pin its just a tiny one, just be careful with that oneIgnored
DislikedIgnored
DislikedActually, Jarroo, J16 & Mike are really all doing the same thing.
This seems to have caused some confusion for new people and I can fully understand how that is, I also experienced some of the same thing.
If new people can understand what J16 basic PPZ are, you will be able to understand Jarroo's methodology because, they are really the same thing.
I don't think it is possible to understand one of these methods without the other. It is like having a left & right hand, they are both hands.
Anyway, here is a brief explanation of what is going...Ignored
DislikedMike can I ask you if on the picture below is the multi bar low? If yes, where do you set your limit order after break ?Ignored
DislikedThanks Mike.
After being away in Japan for a month, I noticed the site is inundated with new people, a lot of whom are asking about Jarroo's methodology.
Thought it may be of use to post that chart and mention the point that S&R is S&R, whichever method we use.
You are truly amazing Mike, keeping up with this thread & the PF.Ignored
Dislikedyes Steve you did a great job of blending it together. That's the true power. I worry about the new traders coming here touch trading every level. It's important to build that solid foundation first. I believe in that strongly
Hope you had nice time off
MikeIgnored
DislikedHey Y
Did you see my chart here
I think your rising TL is a bit flimsy and fitted so that might make you think the market is doing something else. We are still very much in the middle of a wedge and consolidation zone here. Is this your home currency? You seem quite interested in it
http://www.forexfactory.com/showthre...46#post5891646
Best
MikeIgnored
DislikedProbably nothing, I am afraid. Swiss central bank completely destroyed this par. But like I read recently in some article: "The Swiss currency peg is like an expensive Swiss watch: technically impressive but costing astronomical sums of newly printed central bank money. " I am curious how long will they hold on
When they give up we will have beautiful downtrend (If I recall correctly something similar happened in Canada, when their government said that they will no longer interfere (they were supporting cad) - cad went down, strong) - but...Ignored